Big Time Bakery
Brooke Griffitts and Holly Hahn
Six Business Activities
2. Raising Capital: We estimate that it will cost $180,000 to start up the business. Of this money $80,000 will be of our own money. (We are each bringing $40,000 to the table.) Before buying the property for the business, we continued to make, sell, and deliver the cupcakes out of our own homes. After saving for a year, we were able to make $32,000. We raised $5,000 from friends, $35,000 from investors, and the remaining $28,000 we will get from the bank as loan.
3. Employee & Training: The pastry makers have to have a degree in Culinary Arts, the dishwashers don't need any experience, and the maintenance workers need to be knowledgeable of cleaner and chemicals. We will recruit employees, by speaking to students at local culinary colleges. We will hire them by giving them a 90 day probation period, where we decide whether or not they are a good fit for the business. Training for the employees will be continued as they work for us, and we will have classes on techniques one night every other week.
4. Buying Goods & Services: The ingredients that we will need will be purchased from local farmers, and the kitchen appliances will be purchased from Sears. Sugar, flour, etc. will be purchased from the Webstaurant Store.
5. Marketing Goods & Services: Types of marketing that will be used will be ads in the phone book and newspapers. The cost for these two type of marketing would be roughly $13,000 annually.
6. Maintaining Business Records: We will keep our records by using Quickbook, and a hired accountant, which will cost about $5,000 annually.