Also specify whether you intend to experiment with new products, such as to bake all types of desserts, or concentrate on one product, like homemade pies.
Realize that well-written business plans vary in length. She obtained an undergraduate degree with a focus on anthropology and business from the University of Texas and enjoys writing about her various interests.
Turn to such resources as social and professional networks to help promote your products.
Also, shop around for quality supplies at affordable rates.
But it’s good to have these goals so that your bakery business plan has direction.
You’re in the process of certifying your home kitchen and getting insured.
Begin your plan with an executive summary that discusses the business mission and long-term goals.
Estimate the cost of operating a home bakery, including hiring employees, as well as evaluating whether you should purchase or lease items, such as a commercial oven, or use existing appliances.
Next, evaluate target sale prices and assess annual and monthly break-even points, which are based on the bakery's needed sales to pay costs.
Your business plan should describe your target audience and how you intend to attract customers.