Here are a few things you should seriously research and consider before opening a wholesale or manufacturing bakery business.
(article continues below)
Elements of a Bakery Wholesale & Manufacturers Company Business Plan
Your wholesale or manufacturing bakery company's business plan should be tailored to your business's unique traits and goals. However, the most effective business plans do address specific sound business plan elements:
- Mission Statement – Your description of your wholesale or manufacturing bakery business's reason for existing.
- Goals & Objectives – The end results of your company's business activities.
- Financial, Marketing & Action Plans – Specific plans that describe your business environment, demographic targets and quantitative estimates.
Check Out the Competition
Well in advance of opening a wholesale or manufacturing bakery business in your area, it's a smart move to find out how you will fit in the competitive landscape. We've provided the link below to help you generate a list of competitors near you. After following the link, enter your city, state and zip code to get a list of wholesale or manufacturing bakery businesses in your area.
Gain a knowledge of how existing firms have positioned themselves in the marketplace, and then design your business in a way that sets you apart from the others.
Getting Advice from Experienced Entrepreneurs
Once you've finished assessing the competion, the next step is to learn from folks who are already in business. If you think owners of nearby wholesale or manufacturing bakery businesses will give you advice, think again. Why would they want to educate a future competitor?
But, a person who owns a wholesale or manufacturing bakery business in a different city can be a great learning resource for you, as long as they don't view you as a competitive threat. In fact, they are often very willing to share startup advice with you. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
How do you find somebody who runs a wholesale or manufacturing bakery business who is willing to talk to you but doesn't live nearby?
Here's one way to do it. Just use our link below, find somebody and call them.
Three Arguments for Buying a Bakery Wholesale & Manufacturers Business
It's almost always preferable to buy a wholesale or manufacturing bakery business than to pursue a wholesale or manufacturing bakery business startup.
You'll want to conduct a comprehensive due diligence process, but here are three arguments why you should think about buying instead of a startup.
- Initial Revenue. Startups struggle to bring in revenue right out of the gate while existing businesses usually have a steady stream of income.
- Operational Efficiency. When you're shopping for a wholesale or manufacturing bakery business, be sure to look for ones that have all of the necessary processes and systems to ensure seamless operations from your first day of ownership.
- Capital Acquisition. In general, it's easier to finance an existing business than it is to fund a startup. While a startup only exists on paper (initially), established businesses have the benefit of historical earnings statements and tangible assets.
Franchising May Be a Better Way to Go
Franchising is a smart move for entrepreneurs just getting started in small business ownership. Franchises are popular because they are based on a business model that works. The nation's leading franchisors know their way around the industry and are now passing their learnings on to the next generation of business leaders. With more and more franchise opportunities emerging everyday, you have lots of options to choose from.
For more information about bakery franchise opportunities, click on the link below to explore our franchise directory.
These additional resources regarding starting a business may be of interest to you.
If you currently own a wholesale or manufacturing bakery business, these resources will come in handy:
If you sell to wholesale or manufacturing bakery businesses, you're in the wrong place. Try these resources instead:
If you are interested in starting a different kind of business, please browse our directory of guides below.