Get Your Kid To Start a Bakery Business

A baking business is a good way to engage your kid who loves to bake. If your kid enjoys baking or anything that has to do with mixing, kneading, and so on, then why not put that passion into a business, and put those skills to work. You will help your kid make a profit out of his or her desire to create beautiful and delicious recipes and, who knows, they might want to be a chef someday or perhaps just learn other skills along the way. Whichever way, you need to help them do something by following the steps laid out in this article.

There are a variety of baked goods and you can never run out of ideas. Starting a home-based bakery could be so much fun and work at the same time but do not be discouraged, because with the following steps you can easily start a bakery at home. But before getting into that, here are just a few reasons why you should support your kids’ passion for baking:

1. You will give them an opportunity to do what they love to do

There is no greater joy than having supportive and helpful parents who understand them and help them to harness their potential. You express the love you have for them by showing them that you will be with them as they grow.

2.  It is a means of expression for your kid

Baking is about measurements, ingredients and various recipes and so, kids may want to express their unique ideas through their own developed recipes. They could just put a twist on their baked goods.

3. It is easy to start

Because you do not need to rent a kitchen or take up classes for the food you already know how to make. You probably just spend little on the start-up if you intend to buy ingredients that you don’t have.

4. There is always a ready market

People love food, especially good looking and tasty food. Your kid can sell the baked goods locally or online depending on your investment and how big you want the business to be.

Now that you know how beneficial baking can be to your kid, your kid will need certain skills to make sure that they are fit and ready to start. Some of these include:

• A high knowledge and skill in food preparation and other ideas on food safety. You could help with such directions or invest in cooking classes during the summer that your kid can benefit from. If you have a retail or food service background, you could help with some guidelines. For example, you need to tell your kid to disclose if there are peanuts in your kitchen to warn consumers who are allergic to nuts.
• You may need to have a regular shopping schedule with which to get your items and good suppliers too. Store your food items and equipment from the personal ones.
• Get an understanding of your competition and how your baked goods will stand out from the crowd. This means your food has to be better and so you will need to work with your kid on developing better tasting baked goods.

With these tips, here are the next steps you should take to get started in your business:

1. Plan

You need a detailed plan for your business. With your kid, you could map out the type of baked goods they will be baking, the customers to target, the amount to be invested, equipment, long-term goals. With all these in mind, you will now be able to start planning your business.

2. Check out the laws

Find out about any laws governing child labour and food service business in your state or locality. You might need to obtain a license or work permit to start the business. Food businesses are usually regulated by laws that may require that your baking equipment which could be mixers, spoons etc and other supplies to be separated from your personal cooking items. At times, one may need a separate kitchen but this depends on the law. Another important issue is taxation; you need to ask if you need to collect sales tax on your food items. The procedures for getting it may vary.

3. Status of the business

When registering your kid’s business, do not place it under sole proprietorship but register it as a limited liability company. This is because, in case of anyone getting sick, your personal asset will not be exposed in the event of a lawsuit. Think of a fun name to call your kid’s business. You could both come up with various inspirational ideas and it is best it comes from a place of passion because that will be unique.

4. Finances

Although starting a home-based bakery business for your kid might not be expensive, it still requires some sort of investment. This investment can only come from you and it can be quite hard for him or her to try to do it on their own. So, you could help them loan a capital and collect it after the business begins to make a profit. Or you could put a 50 percent case investment and ask them to bring the other fifty percent if you know they have it from their piggy bank or allowance.

5. Type of baked goods

Decide of what type of baked goods that you would want to sell by starting with the simplest and easiest. With time, as the business grows and supply gets higher, you will be able to determine which good is moving faster and, in that line, bake extra. Meaning, your kid will learn about what’s profitable and what customers like too. Always think of what will make you stand out by going with the trend that’s moving in the market. You could choose three recipes for a start, which your kid loves baking already and have had great success in doing it.

6. Choosing your equipment

Make sure to purchase separate cooking equipment and supplies. This will help you meet up the requirements of your local laws. It will also help you keep your personal items separate from the business items.

7. Pricing

You and your kid will have to decide on the right price to sell the goods. You will have to double your cost price in order to make a profit on each item. However, make sure to find out the cost of your competitions’ prices so that you do not go over-board. Because people would not want to buy your items if they are too costly.

8. Get packages

Getting your baked goods packaged is so important because it makes an impression of you. So, order your packaging and labels and try to get nice labels.

9. Advertisement

You could get your kids’ items to advertise by creating flyers online through the many available apps. Get creative with your kids and create a catchy and beautiful poster that can be printed. You could paste the copies at stores in your neighborhood. Try to take baked items to the farm markets to sell in your area, or perhaps sell them online or a local café shop, restaurants or any other shop that sells food. You could also create a food blog which could help promote your product. You could also carry around samples with you so that people will know more of your kid’s great treat. When he or she hears about special events, they could just go and offer their services to them such as baby and bridal showers, birthday parties, anniversary events etc.

10. Accountability

Your kid needs to take record of the business activities and keep records of the accounts. Set up a bank account for your kid if he or she had none before. This will help them to save and learn to hold on to money. It will also teach them responsibility and hard work. With the records, they will be able to calculate how much they have made, the expenditure and the rise or drop in demand.

In conclusion, a bakery business is a great way for your kid to develop entrepreneurship skills. It is fun and also great for anyone that wants their kid to get into a business which will not be far from home and where their kids can do what they love without being under pressure. It is also a great means of bonding with your kid because you work with them and help them be the best they can.