What person hasn’t enjoyed decorating a cake at home, giving it that personal touch for loved ones to admire? Whether it is strictly a hobby or a labor of love, cake decorating can also turn into a profitable business, right from your very own kitchen. What starts out as something to be enjoyed at home can quickly become something else. It is entirely possible to establish a cake decorating home business and begin turning that gifting into a way of making money!
A cake decorating business isn’t as difficult as it may seem. And, having that business right out of your home really makes it appealing. However, most don’t give it a second thought about going into business for themselves. The traditional way of working is to work for someone else outside the home, and that is just the way it is. But, if you enjoy both making and then decorating cakes, you could one day say goodbye to your employer and become your own boss!
Just the thought of being able to earn a living from your home is enough to encourage many to give it a try. Having the freedom to set your own hours, along with not having to put up with the daily commute, is very appealing to many. But, even though that sounds good, where do you begin?
To start with, you will need a good business plan. You will also need to be good at time management in order to maximize your cake decorating business earning capability. The initial reasons for starting a home-based business are to stay home with the kids, set your own hours, be your own boss and save both time and money from no longer having to commute. But, if you have begun realizing just how many people want you to make a cake and decorate it for them, that can be the final reason to go for it. Because this is beginning to take a lot of your free time, in addition to holding down a full time job, maybe now would be a good time to go into business for yourself!
As much as cake decorating is fun for you, keep in mind that it is also a lot of hard work, especially when you realize that it will need to be successful enough to pay the bills on top of financing the business. You will need to purchase equipment necessary to mass produce cakes for your growing list of customers. These can include professional grade icing tips, a heavy duty mixer, mixing bowls, food coloring, spatulas, a wide variety of cake pans, a large enough oven and plenty of work space. This will all take money in order to then start making money. Starting and then running a cake decorating business is time consuming and costly but, if it is something you are good at and truly enjoy, it can also be very rewarding and profitable.
Another thing to consider when going into business for yourself: your family and friends now need to be viewed as customers. As such, you will have to charge them for the cakes they want you to make right along with the general public. If you don’t, you will lose money real fast! Remember, you have expenses that translate into costs to not only make the cake and decorate it but to replace all those ingredients on a regular basis. It is possible to offer them a discount, but you can no longer do it for free. After all, a laborer is worthy of their hire, right?
Consider checking nearby bakeries to see what they charge for cakes. Tally all the prices they charge for similarly decorated cakes and try to stay within the average price range. You don’t want to set your prices too high, but you don’t want to sell your decorated cakes too cheaply either. By letting your cake decorating skills speak for themselves, you will be able to sell them at a competitive price without sacrificing what you will need to sell them for in order to turn a profit and stay in business. One thing you need to consider: you will have to charge by the cake, not by the hour.
Establishing a niche market within the cake decorating business is a good idea. This means that you go after the specialty business, making cakes that are both unique and one of a kind. Major bakeries often mass produce cakes in order to sell in quantities. However, it is not likely they cater to a customer’s special requests. You can tap into that market and begin specializing by offering unique decorating options, flavors and discounts from time to time. By going this route, you will initially sacrifice making money selling cakes by appealing to a particular clientele. Once you have established a reputation as unique in the cake decorating business, you can then begin increasing your prices.
There are some very good reasons for starting your own cake decorating business at home. You can set your own hours, you won’t have the overhead needed when opening a brick and mortar shop, you are still home to take care of the family, and you can take orders by appointment only.
It is also worth pointing out the need to be organized, disciplined and possess some business sense.
Even though the idea to start your own cake decorating business at home is appealing, it will require the word ‘commitment’. This also means that you will need the support of your family in order to be successful. At least initially, you will be working all kinds of hours, including weekends that were traditionally there for family functions. By giving up your Monday through Friday job with weekends off to start your own business will mean working seven days a week for some time until your cake decorating business becomes established.
Because most birthdays, anniversarys, weddings, etc. happen on the weekends, your days off may be during the week when the kids are in school or your spouse is at work. As long as you and your family understand this sacrifice and are willing to fully support your desire to start a home decorating business, you can’t help but to succeed!