1. Knowing your business goals and numbers
Pricing remains the single most contentious issue for cake decorators going Pro.
We know it can be daunting when you start out and often you’ll ask others “what do you think I should charge?” then show them a cake and await their guidance, which will have a huge influence on what you eventually quote or charge.
Before we start making any sense of what you should be charging first of all you need to know:
- What’s your business dream?
- What goals and timelines have you put in place to achieve that dream?
- Do know your breakeven point?
- What income do you need to take from the business to live?
- What are your ingredient costs?
- What are your overheads i.e. insurance, electricity etc?
Here’s a blog written by David on SETTING YOUR GOALS
Knowing your business goals and numbers is so important when starting or running your own cake business. Pricing remains the single most contentious issue for cake decorators going Pro. In this lesson, we look at how to achieve your goals whilst managing your numbers.
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