Lay them on me! Where do I even start?
It's always been my dream to own a bakery/coffee shop, and I'd like to finally take some steps to making it happen.
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Well I think the first step is money. How much of an investment do you want to put in and how much income do you plan to get out?
Are you familiar with the "business" of a store like that? If you aren't ready to get into the money, you could maybe even start with the getting basic pricing (how much does it cost to make 2 dozn muffins and how much can I earn from selling them).
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First, you should send me samples so I can test them out
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^ YES Lol
Good luck!!!
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Speak to an attorney about pros and cons about different legal setups and which is best for you, trademarks for your name, etc. Speak with an accountant or tax specialist. Try to ballpark insurance costs per year.
Research necessary permits and licensing in your area, research what sort of commercial kitchen you'll need. Research suppliers and ballpark costs. Research commercial real estate thats available, try to determine what upgrades you would need to make to make the kitchen compliant - try to determine costs for kitchen/space upgrades.
Know the stats surrounding food service start-ups, and be ok with potentially losing your initial investment (sorry to be a downer, but it's important to be ok if things don't work out).
Come up with lots of yummy recipes!
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See if you can rent space in a commercial kitchen. I've seen several documentaries about people starting small businesses and not being able to afford the cost of setting up a commercial kitchen upon start up, so they rented space.
Also, Business Plan, Business Plan, Business Plan. Research shows that people who have a firm plan and use outside investors are more successful than those that wing it and use all of their own money.
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Start small, simple and inexpensive. Start by just baking things of your home. There was one baker in Montreal who worked from home. My family bought lots of cakes from her over the years. Her prices were reasonable, yet her quality is amazing which kept us coming back. Eventually she hired a helper, then another, then rented a space... and now she has a full blown bakery!
Don't expand until you NEED to. Can't keep up with demand? That's a the best kind of problem! That's when you need to grow.
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@Smurfette: @blackbird: haha! If only you were closer! You could be my testers
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What if you start by doing at home and doing birthday parties and showers? I have a friend that does a ton of cookies our of her house. It isn't her full time job but I know they keep her super busy. I just ordered some for a baby shower as the favors.
And she is going to mail them too me, so you could mail me some to taste. -
^ooo check on laws regarding that. Some states have rules on making commercial food products out of a home kitchen
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9 comments