There are thousands of businesses that you can start from the comfort of your home, everyone knows that. But starting a cake business from home is something different and I am going to tell you why and how to do it.
It’s true, cake decorating requires a bit of practice and some experience. Fortunately, that’s something you can earn with very little cash. A cake business requires supplies that you may already have in your kitchen. If you already feel that you are an expert in this activity, then you are off to a good start. And on top of that, starting a cake business from home could be the perfect opportunity for someone like you!
Like any business, there are great advantages and disadvantages. The top five advantages of starting a cake business from home are as follows:
1. You can run this business from home and you don’t need separate rooms to do it. If you think you need more space for your growing business in the future, then by all means upgrade!
2. A cake business is fun! Most people need cakes for special days or events, so what better way to make someone smile and also earn a little extra income while doing it?
3. Your cake business will allow you flexibility in your hours. You can decide when and how many orders to take. You don’t have to ask for vacation days off and you can spend time with your kids or family whenever you want.
4. Low start-up costs! Since you don’t have to rent a space, rent can be removed from the quote list. Also, cake supplies are relatively cheap and definitely easy to come by. And as your business grows, so will your supplies and equipment.
5. High profit margin for cakes. Since cakes are easy to make, you can price them based on what you think they’re worth. Your prices don’t have to be set in stone! Some are worth more than others, but either way; you will make a good profit!
This is not to determine you, but to make you aware of some of the things that you need to consider before starting a cake business from home. On the other hand, you are going to have some disadvantages and they can vary from person to person but they are the following:
1. You may have to sacrifice time from other activities to get the job done. You will find that certain orders need to be completed at certain times. Time management will be your greatest ally!
2. Most events are scheduled for the weekends when people are not working. So you will need to make sure you have this time available to deliver cakes or be available to pick them up.
3. Depending on the size of your kitchen, you may need additional storage space for your supplies. This may require purchasing an additional cabinet or reorganizing your kitchen.
4. You may need to budget for classes or courses if you need a little extra help learning the ropes at first.
5. Lastly, as with any home business, there may be zoning requirements that you need to investigate.
You will discover that a cake business, just like any other business, is full of advantages and disadvantages. Cake business is fun and fulfilling, but it’s up to you to decide if it’s the right way to go. But if you decide to take that leap, remember to enjoy yourself and have fun with your new business!
