If you’re excited at the idea of creating and running your very own baking business, then you’re not alone. The home-baking industry is incredibly competitive thanks to a variety of different factors, including popular TV baking shows, social media and the fact people can make a living out of being creative and doing something that they love.
However, much like cakes and sweet treats – not all baking businesses are created equal. Some are well structured and have perfectly balanced layers, while others come out of the oven too early and are left with soggy bottoms. You’ll find a podcast outlining the success of a home baking business here, just click the link. To help you get the balance of your baking business just right, we’ve gathered a collection of the best ingredients and tips to get your home baking business oven ready for success. Read on to find out more.
Register With HMRC
To start things off properly, you’re going to need to register your business with HMRC. This ensures that you’re paying the right amount of tax on your earnings and paying your National Insurance contributions. Even if you’re planning on running your baking business as a side hustle or just something you do at country fairs or on weekends, you’ll still need to complete this step.
Get Your Food Hygiene Certificate
If you’re working with food, then you’re going to need a food hygiene certificate. This means you’re working hard to keep your clients safe, handling food properly and following industry practices. While these rules and regulations can seem a little overwhelming, they not only make you a better baker, but they’re also a strong USP (unique selling point), as clients are more likely to choose a home baking business that has a food hygiene certificate and is committed to keeping food and clients protected.
Think About Business Insurance
If someone falls ill whilst eating one of your delicious bakes and they decide to sue you, then you’ll be glad that you took out public liability insurance. Discuss your requirements with a business insurance broker, or head online to compare prices and policies.
Keep Your Landlord or Mortgage Lender Sweet
It’s a requirement to let your landlord or mortgage lender know that you’re planning to run a baking business from your/their property. Your landlord cannot unreasonably deny this permission, however, it’s always worth keeping them in the loop. Alternatively, a quick chat with your mortgage lender will give you the green light to pursue your baking dreams.
Start Working on Your Online Presence
While all the legalities and regulatory obligations are being processed in the background, start thinking about your online presence and making your baking business stand apart from your competitors. Baking businesses are booming right now, so getting started with a website, logo and brand image is a good place to start. You’ll also need to develop social media pages and a marketing strategy to build interest around your business.
Final Thoughts…
Still think that running your own baking business is the right move for you? Consider the steps above to strengthen your baking foundations and avoid disappointment and read these additional tips on how to start a business from home here.
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