Cakes are a treat that people enjoy for special occasions like weddings, birthdays and holidays around the world. Cake businesses are not only a fun business for anyone that loves baking, but they are also a potentially profitable business. Like any new business, starting the business is challenging and has its obstacles, but the rewards of owning a personal business outweigh the challenges of getting started.
- Skill level:
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Things you need
- Baking classes
- Baking supplies
- Tax registration paperwork
- Business license
Attend cake baking and decorating classes. A successful cake business not only needs several cake recipes; it also needs professional designs and decorations. Taking classes in cake decorating and obtaining various recipes are important to a successful cake business.
Write a business plan. A business plan is important in obtaining funding and setting long-term goals for the business. The plan can start small, such as baking out of the home and selling to friends and family, and then gradually grow to a business that has its own locations like a bakery or cake shop. The plan should include information about expenses, estimated profits and workers.
Fill out state and federal tax forms for a business. Like any other business, a start-up of a new cake business requires filling out the appropriate tax forms. You can research tax laws on state websites for specific state laws.
Obtain a business license. A federal license is not required for a cake business, but states will often have licensing requirements. You can find state requirements for licensing on state websites under the section for business licenses.
Start advertising the cakes. Advertising can take several forms, but you can start promoting your cake business through word of mouth. Friends and family can pass out flyers with coupons on them or can get the word out to their families and friends. Giving out samples of cake is a good advertising tool for a cake business as well.
Give samples of cakes to event planners or wedding planners, including photos of cakes like wedding cakes or birthday cakes. Event planners and wedding planners will suggest clients purchase cakes for various special events if they like the designs and taste of the cake.
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