Bakery is one of the most important ideas that come to the mind of people who are planning to start their own shop. The bakery business is going to have a lot of demand in the coming years.

According to anew report, CAGR of bakery business is expected to grow by 8.5% in 2021-26. The popularity of ready-made foods is on the rise. At the same time, the lifestyle of the people is changing day by day, which makes the bakery business very profitable.

Entrepreneurs entering this field need to know a few things in the beginning as in any other field. Let’s take a look at how to start a business and what to look for.

How to start a bakery business?

By bakery business, I mean not only a bakery but also the food manufacturing sector associated with it. The two can be carried together. It is possible to enter the food manufacturing sector with less capital. Anyone can venture into the bakery business by homemade, packaged, and marketed food items such as mixers, snacks, Puffs, breadcrumbs, Biscuits, and chips items.

If you are starting out as a shop, it is best to find a good location and start from there. Profits can be maximized by including tea, coffee, and cold drinks. The average dividend received from a bakery is more than 50%. This is more than what is available in the grocery sector.

The following are some of the things to keep in mind when starting a bakery.

1. Create a Better Business Plan

The first step you need to follow before entering the bakery industry is to create a good business plan. If you spend your time and effort to work out an outstanding business plan, consider the work is half done!

2. Find a good place to do business

As mentioned at the beginning, the most important thing for a bakery business to succeed is the place where it is established. Choose a good place and try to build a business there.

3. Take all the licenses required for the bakery

make sure to take all the required licenses like FSSAI, Panchayat license, GST, and Packer license. Taking out licenses early on will avoid many problems in the future.

4. Finding workers and machines for the business

The next step in the bakery business is to find the workers and machinery needed for the bakery. Take advantage of online portals and local possibilities for this.

5. Create a Better Display Area

When setting up a bakery, it is imperative to have a good display area. Design and install a good display area.

6. Install a good POS billing system

Install a good billing system to handle bakery billing, stock management, and GST filing.

Click here to find out which billing software I recommend from my experience.

7. Develop a Better Branding and Marketing Strategy

Marketing is the most important component of any business. Choose the best marketing strategy for you and bring it to fruition.

8. Take advantage of online opportunities

Take advantage of online opportunities to take your business to the next level. You can promote your business and products through marketplaces like Swiggy, Zomato, Amazon, or through your own website.

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