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While it’s tempting to forgo what might seem like a tedious exercise, taking the time to go through this exercise will not only help you think through the best approach to growing your business, but it will also serve as a guiding document for hiring, expanding, and more in the future.When you sit down to create a business plan for your bakery, you need to look at your business from every angle; even angles that aren’t there yet!
At the end of the day, your biggest asset is your people; shine a lot of light on why your people make your bakery great.
You should outline your financial projections here. To answer these questions, outline all costs including: This isn’t to say that this is the end-all-be-all for your bakery.
Succinctly let them know how your bakery will be successful.
While this section appears at the beginning of the business plan, you will probably need to write this last because you may not have all the details you need until you address the rest of the sections.
Can you learn anything from your competitors’ successes or failures?
When conducting a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis, what internal and external factors do you need to consider moving forward?Use this section to give information on the types of goods and services you will offer and your rationale behind them. Don’t just mention that you will offer cupcakes; give flavors, colors, and any other detail that can help the reader almost taste your vision.Also include some of the necessary logistics like location, any specializations, your bakery’s description and mission statement. Maybe you have items that are of your own invention or perhaps it’s your theme that makes you stand out.You will need to justify the demand for your business in its particular location.Address any competition in your area and keep in mind that depending on your market area, your competition might not just be other bakeries, but supermarkets as well.Answer the questions that an investor or lender will be especially interested in: When will you make a profit? You should revisit your business plan every three to five years to make sure you are on track and make any adjustments that you might need.As a bakery owner, your job isn’t only to make delicious baked goods.Other behind-the-scenes considerations: You should also include both short- and long-term processes for sales transactions and order management, whether online or in-store.Instead of figuring that out from scratch, see how Order Nova can help you save time and increase pricing and order accuracy.It has become essential to cut through the noise and get the word out about your business, so use this section to outline your marketing efforts.This includes any plans for: This portion of your business plan should shine a light on everything that’s going on behind-the-scenes that makes your bakery the best that it can be.