Do I really need a business plan?

We have found that when entrepreneurs dedicate their time to planning their business, not only do they save money by avoiding mistakes, they are also more likely to succeed. A good business plan requires the entrepreneur to address all the challenges he or she will face and visualize exactly how he or she will achieve his or her goal. Through this process, the entrepreneur will improve his or her understanding of the opportunity ahead and better prepare him or herself for success. This is why banks and investors almost always require the entrepreneur to develop a detailed and professional business plan.

Why can’t I write a business plan myself?

Even if you have an outstanding business background, it can take months to process relevant market research, model your financial projections and synthesize all your data to complete an impactful business plan. It’s much more effective for you to focus on developing your business while leveraging outside experts to write an efficient business plan and gain unbiased perspective into your business. By using The Plan Writers, we will identify new opportunities and challenges for which you can prepare. Finally, we subscribe to top dollar academic literature to which you would most likely not be privy. The research reports alone are usually worth more than the business plan you are paying for!

Who are the writers and what are everyone’s qualifications?

We spend a tremendous amount of time head-hunting quality writers that meet our standards and fit into our company culture. Any writer that is on our payroll will have an MBA and/or at least 5 years of professional work experience. This is to ensure you have the most knowledgeable business plan writing service for your business.

Have you worked in our industry?

There will most likely be someone on our team that has prior business experience in your industry. Chances are, we probably have already written a business plan similar to your business. Does this mean that we ever recycle material? No! We not only personalize every business plan, but you will also be able to leverage all the best practices and trends we’ve discovered. The bottom line is that we all come from diverse backgrounds and are passionate about working through different business models.

What’s the success rate with your business plans?

We often time get asked this question and have to set the proper expectations. As writers, we absorb, guide, and convey your vision to help guide your success. Ultimately, it is up to you to recognize if you have the resources, expertise, and determination to accomplish your goal. An investor or bank may not fund your business plan. However, we can promise you that it will never be rejected because of us.

Home Bakery Business Plans

If baking is your passion and entrepreneurship is your calling, then opening your very own bakery is something you’ve probably considered. Launching a bakery can provide you with a healthy return on investment, a steady salary, job satisfaction, and a sense of achievement. Reaching that point, though, requires plenty of research and preparation as well as a carefully crafted strategy. If you’re ready to sink your hands into the dough and start building your business, then here are half a dozen business-planning tips to help make your business’s journey a piece of cake.

Know the Industry

A portion of your bakery’s business plan should be dedicated to industry analysis. Familiarizing yourself with industry trends, forecasts, and changes is a crucial step in strategic planning. For instance, did you know that according to IBISWorld, the Bakery Café market (bakeries that also serve complementary products for immediate consumption) has grown an average of 7.2 percent since 2009? IBISWorld also predicts that increased coffee consumption and high-quality menu items will drive revenue growth over the next few years. How will you incorporate this information into your business’s roadmap?

Consider Offering Niche Products

Sometimes offering specialty (or niche) products can help you stand out from the crowd. If your city’s bakery marketspace is already crowded, then going the niche route may be your best bet. If there are many vegans in your city but few dining options available to them, then perhaps offering vegan baked goods could be your niche. Research the demographics of your region and get a sense of what baked specialty products might be in demand and add them to your bakery’s business plan.

Leverage Technology

Bring your bakery into the twenty-first century by leveraging technology. SaaS (software as a service) applications allow you to cut down on capital expenses by paying on a monthly basis instead of making a large upfront investment. Plus, they can help your business stay on track. Merchandising systems, invoicing tools, and inventory management applications can help make your business run more efficiently without breaking the bank.

Get Social

Facebook, Twitter, and Instagram are all sites with which you’ll want to set up an account in order to connect with the public more effectively. But, your online footprint shouldn’t end there. Crowd-sourced review sites like Yelp and TripAdvisor will help you see what people are saying about your bakery. You can even address reviews and use them as feedback and begin building relationships online with your customers. Social media platforms are a necessary component of running a successful business, so your bakery’s business plan should include your online goals.

FORM PARTNERSHIPS

Collaborating with other businesses can take your business to the next level, so start reaching out early. Brainstorm possible allies and approach the best ones with a mutually beneficial offer. For example, if your bakery will make wedding cakes, you could join forces with a florist to offer complementing cake and floral arrangements.

Keep your Bakery Business Safe

The food preparation industry has strict rules and regulations governing it. Proper handling, preparation, and storage are non-negotiable. Learn what licenses and permits you require to sell food in your city and what you’ll need to maintain them. Remember that even a single misstep – an instance of food poisoning or a hair in someone’s cupcake – can ruin your business, so don’t take health and safety protocols lightly. Wow the health inspector and you’ll wow your clients!

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Bakery Business Plans

LAUNCHING A BAKERY:

half a dozen tips for your bakery business plan

Know the Industry

Consider Offering Niche Products

Leverage Technology

Get Social

FORM PARTNERSHIPS

Keep your Bakery Business Safe

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