Thanks to the popularity of TV baking shows, the incredible bakes we see online and the fact that nearly everyone has a sweet tooth, it’s hardly surprising that more of us than ever before are discovering the joy of baking and creating sweet treats.
But for some, making your own cakes and pastries isn’t enough. Some individuals are so skilled and enjoy their passion so much that they want to take their creations to the masses and start a home baking business to earn a good living doing something they love.
Interestingly, the home baking industry is growing year on year, which means competition between baking entrepreneurs is fierce.
But with the right approach and persistence, you’ll have all the ingredients you need to make your home baking business rise and rise. Read on to find out more.
HMRC Registration
If you’re serious about starting your own home baking business, then you need to do things properly.
This means getting things started by registering with HMRC so you can pay the right amount of tax and National Insurance contributions each year and avoid potential penalties or fines.
It might also be worth looking into accountancy software to help you get to grips with your bookkeeping, your cash flow, receipts and tax obligations.
Let Your Landlord Know
If you’re currently renting your property, then you have an obligation to inform your landlord that you’re hoping to start your own home baking business.
Of course, they can’t withhold or deny your permission to start a baking company.
If you want to remain on good terms with your landlord and start off on the right foot, it makes sense to speak to them.
If you have a mortgage, you’ll need to get permission from your lender or discuss the matter with your bank at the earliest opportunity.
Food and Hygiene Safety Certificate
Running a baking business from your home means doing things properly, there is a lot of competition out there, so anything you can do to make your business stand apart and look more favourable is worth doing.
This means applying for a food and hygiene safety certificate from your local authority and the FSA (Food Standards Agency).
Having this certification highlights your commitment to your business and the safety of your customers.
It also looks good on your website and as part of your marketing strategy.
Know What Kind of Cake Business You Want to Be
Are you passionate about vegan baking and want to go animal product free?
Or do you want to focus on cute cupcakes and intricately designed cookies?
Wedding and event baking or kids birthday cakes?
There are dozens of options to choose from, so make sure you know what direction you want to take your baking business before you work out your budget and plan further.
Final Thoughts…
Setting up a successful baking business is an eclectic mix of ingredients, which when added in the right order, and in the right amounts can help your business dreams rise to perfection.
Read more: 10 Ways to Make Money as a Stay at Home Mum
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