Cake business lesson: Set-up costs
with David Brice
HD Lessons:
1
15:49
1. Set-up costs
Nobody likes working to the constraints of a budget, but remember that this is a business and an important factor in any business, is making a profit. Setting out your upfront costs allows you to identify the budget needed to get your business up and running and it’ll also get you thinking about how you are going to fund the set up.
By clicking here you can download and then use and save your very own version of the Set Up Costs Worksheet. If you don’t have an application similar to Microsoft Excel simply click here where you can download a safe, free application that will enable you top open and edit the worksheet.
Knowing your set up costs are important for any start up cake business. Setting out your upfront costs allows you to identify the budget needed to get your business up and running and it’ll also get you thinking about how you are going to fund the set up.
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David Brice
David Brice is the lead business tutor with CakeFlix, which has won Cake Masters awards Best Learning Experience in 2014, 2016, 2017, 2018 & 2019.
David´s career started in the Army then he moved over to become a civil servant with the MOD then latterly the Scottish Government. His job prior to leaving was as a speech writer for the Transport Minister, which came with huge kudos, good salary and great pension. However, he wasn´t fulfilled, he knew that there was more to life than the role that he found himself in.
David knew Paul for a couple of years before Paul started his Cake Business in 2002, helping with some of the paperwork and admin required to set up a business. As Paul´s success grew it was clear that his business needed more support so in 2005 David left the security of his job and joined Paul in the cake business. That was a leap of faith as David had not, and still hasn´t, decorated a cake. However, he could see the potential and they grew the business to seven outlets with 35 staff. It wasn´t all plain sailing and its the highs and lows of that journey along with a lot of studying on business best practice that he shares in his Cake Business tutorials.
Paul and David sold the cake business to concentrate on teaching and are passionate about sharing their knowledge and experiences to help others.
