Should I quit my 9-5 job to start a cake business?

Is it possible to make money selling cakes?

The Simple answer is YES. It is possible for you to start earning thousands of Naira in monthly revenue selling cakes.

 

Dear Caker,

Think about this.

 When you first started your cake business, what did you think it would be like?

  • making money from baking cakes all day long

  • I will be able to quit my 9-5 job;

  • I don’t have to be waking up early each morning, going through traffic and being in a job that I hate;

  • I will finally be able to spend more time with my children;

  • I can work from home;

  • I will be financially independent;

  • I don’t have to depend on my spouse or relations for money;

  • I can finally contribute financially to the household.

But once you made my decision, you soon realized that this cake business thing is a lot harder than you thought. It’s not a small thing at all.

 You started dealing with such things like:

  • Where are these customers?

  • I am not making any money

  • Why do I people don’t like paying for my cakes?

  • How do I price my cakes?

  • Ingredients are expensive so how and when should i increase my price?
  • How come Iyabo cake business is doing much better than me and i started before her?

  • Why am I not making any profit?

In fact you are just tired and fed up and feel like giving up and maybe going to find a job. At least i will be getting a salary each month.

But you know deep down that is not what you want really.

 Let me tell you a true story:

 When became a single mum, i know i had to make serious changes in my life. Even though I had a fairly good job, I realized that my humble salary was not enough to take care of me and my children needs.

 I had always had a passion for baking, so I decided to start selling cakes. My friends for a long time used to tell me that I should go into business selling cakes but I lacked the confidence to do it. When my children demands increased, it dawned on me that I needed a side hustle to supplement my income. I thought it would be a breeze selling cakes to the public. How wrong I was. I really struggled to make any sales. Even my friends hardly patronized me.

 I knew my cakes were good and of good quality, but still people were not buying. I felt like giving up and didn’t know how to market my cakes to make enough sales where I would be able to make serious money to enable me quit my 9-5 job and have more time to spend with my kids.

 I knew I needed a change, so I spent many a sleepless nights learning how to market my cake business to the right target .I experimented on different strategies and applied it to my business and knew what gave me optimum results and what didn’t.

 Almost a month later, I started getting results. My fellowship and orders started increasing steadily. I even had to enlist the help of some of my family members to help me with my orders. I  get hits on my website- Three Sisters Cake & Pie Company from other countries. I was also getting a lot of inquiries from my subscribers to give them advice on running a cake business. In fact I was becoming quite an expert in my field. And the best part in all of this is that I now have a steady stream of income coming in each month.

 So you may be asking what is the magical solution?

 The Baking Business School Courses are the magical solution you have been looking for!

 I help bakers and cake business owners through online courses have a super successful and profitable cake business in Nigeria

      Register for one of our Courses today


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Rotimicakelady is your personal cake fairy. She is a cake business consultant and Coach. 

She runs the Cake Business Owners Club where she helps bakers through Online courses have super profitable and successful cake businesses.

She has a passion for helping women who have a passion for baking, transition from hobby cake makers to successful and profitable cake business owners. 

She also help cake business owners who have struggling in their cake business with strategies to enable them get more customers, so you make more money. Rotimicakelady is passionate about Cakes, business and making money.


Need some help with your Pricing? Register for the Pricing your Cakes for Profit Course.

Why I Think You Should Start A Cake Business

Starting your cake business can be a cake dream to some people.

I was so scared when I took the plunge to resign from my job and start my cake business. I had no business experience and I learnt a lot on the job. I made a LOT of mistakes. But you know what. I was happy. I was working from home, earning money, and most importantly I was spending time with my children.

So if need extra convincing to take that leap to starting your cake business, here are a few reason you should: 

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You have a passion for cake

Do you spend a lot of time thinking about cake? Do you love all those baking shows on Food Network? Sometimes you can’t wait to close from work or  at the weekend to try out a new recipe. Do you bring cakes and cupcakes to your friends and colleagues at work? You may have even spent some time looking into what it would take to start a cake business but not sure where to start.

Then my dear, you are on the right track to having a cake business.

You have the passion, then go for it.  Life is too short to be spent regretting. 

Stop making excuses, why are you working for another man’s or woman’s business,when you can be building your own?

If you have a job that you hate, where you spend half of the day in traffic, being with people you don’t like day after day, then you need to do something about that.

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Do it Afraid

Left to you, you can come up with 50 different ways why you don’t want to do this. It is because you are afraid. The uncertainty of the ‘What if.

What if i fail. What if no one buys my cakes, What if i am not good enough.

Instead replace that negative thinking with What if i am a success, What if i have so many orders that i have to turn some down, What if i make so much money that i can now buy that industrial oven

Do you know what is the No. 1 regret of the elderly?- Not doing something because they were afraid.

I spent years working as a lawyer in a job I had no passion for. I dreaded going to work each morning and being away from my children.

Yes we don’t know what the future holds. They are no really   safety nets. But you need to to take a step. Once you start, you will realise that it was silly hesitating.

So even though you are afraid. Do it Afraid.

You will be a Goal Crusher

People always say that when you want to achieve something you should write them down. So if you want to learn something or acquire a business skill, or want to start or grow your business,set it as a goal and crush it.

 Once you realize you can accomplish this huge task of starting your own cake business  you will see all the other goals will be a breeze.

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You Will Become Ms. Cake Boss Lady

You will finally be your own boss, have your own hours, be able to dictate your hourly rate, plan your holidays and spend more time with family and friends.

Yes it is going to be handwork. Infact a lot of hard work but you will see that you will enjoy it so much that it will not be like work. 

Once you know how to price right, market and promote your cakes, network, then you business will continue to grow to greater and greater heights.

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You will become more smart

When I first started my cake business I had no idea how to run a business. I was like a headless chicken running around. I had no order book, i didn’t know how to track my orders, I didn’t know how to price my cakes and i will go to the supermarket nearly everyday to buy suppliers.I used to deliver cakes and wait ages for payment.

I was so fed up so I was forced to change. I needed to come up with a system. So I started makings lists, made order forms, had a diary , made note of costs of ingredients, noted the time it took to make and decorate a cake, and learnt how to charge appropriately and made sure that the customer paid me at least a deposit before i started making the cake.

So i got smarter, by putting systems in place i was able to run my business more efficiently and organised.

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You will become an avid learner

When you start your cake business you will start to see that you don’t know a lot. So its good to make a list of skills you don’t know and make an effort to learn them.

And once you get the hang of learning, you will want to learn more and more. Both from paid and free resources like… YouTube, Google and Facebook.

You can find the answer to almost any question on the Internet, so Instead of sitting around feeling defeated and frustrated because you don’t know how to do something, just go to the internet to find out the answers or find someone who can teach you.

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P.S. So those are my reasons?  What are your own  reasons to start a cake business? Let me know  in the comments.

P.P.S. if you are ready to achieve your cake Business dream. Sign up to this Free E-Course email series Start your Cake Business In Nigeria today’. It provides all the information you need to get your cake business started. Just click here to register.


me3Rotimicakelady is your personal cake fairy. She is a cake business consultant and Coach.

She runs the Cake Business Owners Club where she helps bakers through Online courses have super profitable and successful cake businesses.

She has a passion for helping women who have a passion for baking, transition from hobby cake makers to successful and profitable cake business owners.

She also help cake business owners who have struggling in their cake business with strategies to enable them get more customers, so you make more money. Rotimicakelady is passionate about Cakes, business and making money.

HOW LONG WOULD IT TAKE BEFORE I MAKE SERIOUS MONEY IN MY CAKE BUSINESS

We’ve all heard that 9 out of 10 businesses fail. So you may be thinking why should I even bother about starting or being in the cake business.

For the brave ones who still go into this business, you might be wondering when can you expect to finally be making some money out of it?

Before I answer that, let me point out that your first thing is to work out what “some money” actually means. Financially speaking we all have different goals – for some, enough money to pay for family extras like schools fees and holidays in Dubai.

For others, enough money to support an entire family. You’ve got to work out HOW MUCH money you need and want to earn as a first step.  If not, NO amount of money will ever be “enough” because there is no definition for what “enough” is.

So let me give you an idea of how a 5 year plan to money making looks like for a home based cake business:

  • Year One: 

You hardly will make any money in the first year as you will be plowing every Naira you make back into the business to grow it. This is the year you’ll invest in your business (such as websites, training, marketing etc) so the year is about putting in and not taking out. Your pricing is probably also not the best but it covers the cost of ingredients.

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  • Year Two: 

You will make some money, but you will still need to plow back very money you make back into the business to grow it. This is the year you start to get more serious about things. Your skill has improved, your pricing is more structured, which will probably cover your goods, overheads and your labour costs. 

 

  • Year Three: 

You may be getting frustrated at the point and may feel like quitting, because you feel you are not making enough money. You may be asking yourself, ‘Why am I working so hard for so little?”.

So you start to bring some strategy on how you do business. Your cake decorating skills have improved, you’ve learned to speed up you orders, and you’ve started to feel the pain of working for no money – so you start to take some money out of the business and pay yourself a salary. HOORAY!

By this time, you would have determined your niche (or are working on it) and you’re starting to feel like you control your business as opposed to the other way round and you’re  starting to think about scaling up or out.

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  • Year Four: 

You’ve been getting paid for a while, you’ve started investing a bit heavier into your business (business coach, business classes, , more heavy-duty equipment or maybe getting a small cake shop) and you’re starting to see how you can make this thing work.

You’ve started to build profit into your prices, you’ve got a niche (or several), you may have an employee or helpers of some kind who are also paid and profits are starting to appear in your balance sheets. 

 

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  • Year Five: 

This is when things start to feel like you can breathe a bit because you’re getting paid, your employees get paid, you’re seeing profit, this whole thing is starting to feel worthwhile. 

Those cycles of business might take you a shorter or a l longer to meet, it really depends on how much time and investment you put in but invariably those things will happen.

 Business is a process. How long it will take you to be successful depends entirely on your definition of success, how much time/effort/money/marketing you’ve got to invest, and your ability to keep on keeping on each time you feel you want to give up.

Are you ready to finally start making serious money in your cake business, so that you can get more orders!

                                              THEN REGISTER HERE

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 (Just fill in your details below and  we shall contact you when  the E-Course is launched)

Should I quit my 9-5 job to start a cake business?

 

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This is a question I get asked a lot. Many Cakers are still in full time jobs and have the aspiration of starting a cake business either on the side or as a full time business.

A lot of people have romantic notions about starting a cake business. A business where you make money from your passion, where you work from home and be able to spend time with your kids and no longer have to be contend with traffic to and fro from work. This is every Caker’s dream

While cake makers may find themselves attending lots of social events, hours spent rolling fondant and making buttercream flowers, it is by no means an easy business venture, particularly in today’s highly competitive cake market.

Before you can carve yourself a slice or rather a niche, you need to ensure you’re adequately equipped to handle anything that you may get served.

For all you, would be cakepreneurs here are basically 5 things to keep in mind if you’re thinking of starting a cake business.

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Who is the cake business best suited for?

Cake making and decorating might sound easy enough but, like any business, it demands hard work and exceptional administrative skills.

The cake business is best suited for those who have a passion for baking and who love cakes. You don’t have to be exceptionally good at cake decorating, but as long as you have the basic foundation in baking and decorating, you will go a long way.

It may sound funny, but you also need to enjoy eating cake because you will spend a fair amount of time testing cake combinations and the finished products to ensure they are up to standard.

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Rules and regulations

Even if you’re planning to run your business from home, food hygiene and preparation rules apply to any premises in which food is prepared.

If you’re planning on using your kitchen or another site which isn’t purpose-built, make sure you keep all pets and soft furnishings out of the room.

 Cake making requires eggs, and eggs can spread harmful bacteria so you have to be aware of cross-contamination, particularly if you’re running the business from home.

Most cases of food poisoning occur when harmful bacteria is spread from food to food, so take extra care when handling raw meat, poultry and eggs – particularly if you are running your business from home. Also, be aware that equipment, pests, cloths, packaging and cleaning products can spread bacteria, so make sure you know what is coming into contact with your cake batter.

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Research and competition

There are plenty of cake making/decorating courses in Nigeria, and it is definitely advisable to complete one if you don’t have any cake-related qualifications or experience.

Once you have a course under your belt, you need to decide whether you want to start-up at home or in a shop, or whether you intend to sell your products online.

Because cakes are often judged on their visual value, your shop front and/or website should reflect this. People purchasing cakes are typically doing so for a party or wedding, so you want their experience to be as pleasant as possible.

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Costs and earnings

Your start-up costs will depend very much on how big an operation you wish to run. As with all businesses, the fewer overheads you have, the lower your expenditure.

The first cost you will be faced with, if you decide to run your business from a shop, is the cost of rent. Your next decision will be whether to employ staff to help out or not. Although casual administrative staff can be hired for relatively little, specialist cake decorators come at a significantly higher cost.

When you start up, you will regularly need to invest in your equipment. This is not a one-off purchase. You need to purchase equipment on a regular basis to ensure your work is of the highest standard as old equipment could compromise the finished product.

With regard to earnings, a cake maker and/or decorator can expect to take home between N50,000 and N200,000 per month.

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An average day for a Baker

There are many Cakers who have opened a cake shop even though they do not have a culinary background.

For me as a mum, there are days when I get to spend 10 quality hours a day with my children, and days when I don’t see them at all because I’m up all day and night fulfilling a cake order.

An average day for me involves sorting out cake orders, shopping for ingredients, preparing fondant decorations and taking an inventory of my supplies. Other days I will be knee deep in baking, decorating and preparing for deliveries.

One thing you have to be aware is that you have to be prepared to work antisocial hours.

Useful contacts

  • Association of Master Bakers and Caterers of Nigeria
            info@lagosmasterbakers.org; lagosmasterbakers@yahoo.com
           www.lagosmasterbakers.org
  • Association of Catering & Laundering Equipment Distribution of Nigeria, (ACLEDON)
           ftansecretariat@yahoo.com, info@ftan.org.ng
  • Association of Fast Food Confectioners of Nigeria, (AFFCON)
            web@affcon.org; web@affcon.org
 

Ready to get started? Find out everything you need to know about how to start your own business here.

Found this article useful? Please leave a comment below or contact me if you have any questions.

Don’t forget to subscribe to our newsletter here for more cake business tips or read our previous blogposts.

 

It’s time to live your cake business dream

Till next week.

Happy Caking!
RotimiCakeLady