How to Start a Cake Decorating Business For Fun and Profit
If you enjoy making and decorating cakes, starting up your own cake decorating business may be a wonderful idea. Of course, there’s a bit more to this endeavor than most people think. You may have no idea where to get started, so here are a few important considerations you’ll need to keep in mind to get this business off the ground.
Creating a Business Plan
One of the most important things you need to do if you are going to start a cake decorating business is to create a business plan. No business will be successful without a good business plan. Do some research and look at retail cake shop business plans, which can help you come up with a reasonable plan to help you create your business and make it successful.
Choosing a Name
You will no doubt need a name for your business. It’s a good idea to check with your state to see if the name you want to use is already taken. Make sure you choose a name that is catchy and relevant to your business.
Health Regulations
There are health regulations to consider, since cake decorating is a food related business. Health regulations can vary from state to state. Check with your state to find out what regulations you need to follow.
Permits, Licenses, and More
To open up your cake decorating business, there are permits, licenses, and even leases to consider. Check in your local area to find out what licenses and permits you will need. If you are leasing a retail location, find out all you can about leasing commercial property before you sign the paperwork.
Equipment and Supplies
Of course, to get your business off the ground, you’ll need the equipment and supplies to get started. You’ll need the ovens to bake the cakes, pans, decorating supplies, and more. The equipment and supplies you need can cost anywhere from $5,000 to $10,000.
Financing for Your New Venture
Since the equipment for your cake decorating business can add up quickly, not to mention the money it will cost for your own storefront and to get all the licenses and permits you need, you’ll need to figure out how to finance this venture. You may need a small business loan to fund your business, and to apply for this loan, you’ll need to provide a copy of your business plan.