Are you interested in starting a bakery business from home? Do you need a sample bakery business plan template? Do you want to learn what it takes to build a successful bakery business from home? Then i advice you read on.
Bread has long been a part of man’s diet. Nowadays, different varieties and flavors of bread are being made and sold in commercial establishments known as bakeries. Bread is a staple food with a worldwide consumption. A lot of people include bread in their daily diet because of its ready-made nature and ease of consumption; thereby making the business of bread baking a profitable one.
How to Start a Bakery Business from Home – Sample Business Plan Template
It is often advisable to first seek the advice of a consultant or those already in the business; this will give you an insight into the basic mechanics, requirements needed and a few pointers on how to start a bakery business successfully. These main points are covered in this article.
But before I go into the details of starting a bakery business, I want to emphatically state that the information provided in this article does not in any way replace the need for you to conduct a bakery business feasibility study, write a bakery business plan sample and do your own due diligence. You can always find bakery business plan template names ideas if you do a search online. Secondly, the information shared in this article is applicable to any locality; be it USA, Canada, UK, Nigeria, Ghana, etc. Without wasting your time, below are creative ways on how to start your own bakery business.
You might be thinking skills, materials and a suitable venue are all you need to be to start a bakery business. You are partly right. In fact, just like any kind of business, a bakery business would have more than one requirement. These requirements are identified as:
- a. Bakery License
- b. Bakery Insurance
- c. Bakery Equipment
- d. start-up
- e. Staffing.
Opening a commercial bakery requires undergoing processes which would grant you with the necessary documents like business permits and licenses. Since you will be selling bread, you would need to obtain a seller’s permit which already includes your tax identification number and the license from the city in which you will be setting up your bakery business. Since bread is food, you would also need to have a food vending license from the state you are in and also an approval from the state’s health department to guarantee your food is free from hazardous content and that your bakery is clean and sanitary. For those planning to start this business in Nigeria, an important license you will need to obtain is NAFDAC approval.
2. Bakery Insurance
For you and your employees’ protection, you need to have your bakery business properly insured. Two things your bakery should have are product liability and standard liability insurances. Another important thing is to have fire insurance in case fire breaks out from faulty wirings, equipment, and accidents. You might also want to throw in compensation insurances for your employees.
In order for your bakery business to run smoothly, it is important that you have access to appropriate and quality equipment. You should have ovens and mixers of different sizes and features. Display cases, as well as refrigerators are important for the food you are selling. Your bakery equipment should be in a perfect working condition.
This is one of the basics of setting up a bakery business. You should have the capital or the funds to either rent or purchase a building and the equipment for your bakery. This is where the need of a well-formulated business plan comes into play.
Hire people who can handle tasks such as advertising, marketing, baking, and accounting. It is also essential to hire someone to be working in the front counter while you do your baking in the back. And always be prepared to hand out your bakery business card when you go to events.
As a final note, it is very important that you approach successful investors in the same business; this will give you a realistic insight on what it takes to run a successful bakery, the challenges involved and the possibilities or profitability of the business. It’s also important to join associations related to the industry like the American Baker Association so that you can stay up-to-date with the latest trends in the bakery industry and also rub mind with other bakery business owners in your territory or country.