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I want to open a bakery but have no idea where to begin... Please help

post #1 of 7
6/9/11 at 4:58pm
Thread Starter 

Hi, Everyone!

 

Im interested in starting up a small bakery but I dont know where to begin. Id love some advice from seasoned pros! Do I write up a business plan and go to the bank? I found the perfect little place to rent. I have my menu planned out. I think I have most of the little details figured out, I just dont know how to bring my dream to fruition. Thanks for all your help!

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post #2 of 7
6/10/11 at 12:03am

Have you worked cooking or baking professionally before?

 

If not, then I would advise that you get a job doing that before you commit to your own business.

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post #3 of 7
6/10/11 at 3:32am

Work in one for a while first learn not only baking ,but the business side of business.

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post #4 of 7
6/10/11 at 8:06am

I'll third that suggestion.  It's probably the best advice you'll ever get, and if you take it, you'll be very thankful you did. 

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post #5 of 7
6/10/11 at 8:14am
Thread Starter 

Ive never cooked or baked professionally before. Ive baked a lot for people out of my house. Ive always wanted to, just never jumped in and did it. Do you think its possible for me to get a job without being formally trained or without job experience? I really appreciate the advice! Thank yall!

 

Sarrah

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post #6 of 7
6/11/11 at 2:14am
Quote:
Originally Posted by Sarrah928 View Post

Ive baked a lot for people out of my house.

 

I sense a great disturbance... As if a pastry chef in Dallas cried out in terrible anguish...

 

Seriously though, starting your own business is not for the faint of heart or wallet. Take for example, starting a business in my neck of the woods. You'd be down about $900-1000 bucks just for filling out the state formation and franchise tax papers. This doesn't include any sales tax deposit, or city business tax expense. Nor professional fees.

 

This is all before you rent a space, deal with health dept costs, get insurance, and assorted capital expenditures.

 

Then what if you want to hire an employee? That's a whole other layer of complexity with payroll taxes, workers comp, unemployment...

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post #7 of 7
6/11/11 at 7:29am

eek.giflol.gif

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