Starting a cake decorating business can be very rewarding opportunity for any woman who wants to express her creativity, do what she loves and is passionate about cakes. Cake decorating is all about being creative, learning new skills and making other people happy. Making cakes is never boring.
It has high earnings potential starting from 50,000 per year working part-time and going into the six figures if you would like to work full time. However, to make your business profitable and achieve your financial freedom you should choose a business model that suits you the best and learn from the experts how to set it up properly.
A cake business is a pretty straight-forward venture: someone orders and pays for a decorated cake that you bake. However just like any other business, there are important steps to follow to ensure that your business will become more organized and successful.
Cake Decorating Business Secrets is a guide created by a professional cake decorator where she shares her profitable business model and guides you through seven most important steps how to set up your home based cake decorating business:
1. It helps you to decide what your main business or core competency will be and what products or services you would be selling.
There are many options to choose from. Will you be specializing on wedding cakes or birthday cakes? Do you want to open a cupcake shop? Will you also sell cake decorating tools and equipment?
The key is to choose what you like to do and can do the best and the Cake Decorating Business Secrets will help you to find out how you can make it profitable.
2. Make a business plan and calculate your budget
It is important to decide whether you would want to open a new cake business, buy an existing one, work from home, or get into a franchise.
Cake Decorating Business Secrets will help you to establish a budget for starting your business. Depending on the business model set-up costs could go way beyond what you expect, so you have to plan carefully if you will rent, buy a place or do business at home.
Creating a business plan will help you to estimate your operating costs and how much money you will need to finance the business. It will give you an idea how many cakes you need to sell on a weekly and monthly basis to keep your business profitable.
3. Name your business, acquire permit and certificates and establish your company vision, mission and goals.
This is an important step to specify the direction where you want your business to go. All legalities should be met such as payment of due taxes, financing, insurance, business licence and complying with food service regulations.
4. Setting up your work area and getting equipment and supplies.
Cake Decorating Business Secrets can help you to decide how to set-up your store and work area, create an inventory of all supplies and equipment and ensure that nothing important gets lost. Furthermore, you will learn how you should be working with your ingredients and manage your inventory in order to prevent ingredient wastage.
6. Establish and effective work-flow.
Cake Decorating Business Secrets can also help to establish an effective work flow so that you and your staff will have an exact procedure how to complete your tasks. You will learn how to set-up an ordering system, take payments, organize cake production and delivery for efficiency and consistency.
7. Market your products.
Depending where you live cake decorating can be a highly competitive business endeavor but with the right marketing, people will easily be able to discern if your cakes will be worth a try. You can set up an online shop to educate your customers about your cake variants. It is also a good way to reach people outside your locale as well as to introduce new products.
Cake Decorating Business Secrets also includes the handbook “Powerful Offline Marketing In The Internet Age” where the author shares simple but very powerful strategies how to find new customers and get ahead of competition including big bakeries.
If you are an absolute beginner Cake Decorating Business Secrets will help you to get necessary skills, minimize your start-up costs and avoid many mistakes. It comes with two complimentary handbooks:
- A specially written in-depth handbook “Expert Cake Decorating Made Easy”
- “Frosting Perfection: Industry Secrets To Complete Frosting Mastery”
Where the author and professional cake decorator shares her tips and insider secrets that you may not find anywhere else. Check it out