Questions for starting a cake business

There are a number of things that can contribute to success of a new cake business. One of them is to learn as much about the business as you can before you invest a single penny. As a starting point,  I always suggest the new entrepreneur do a self-evaluation. Some of the most basic skills in business cannot be transferred. They need to be innate or part of who you are.

While your commitment to starting a cake business may be strong, it is critical to take the time to answer honestly  some tough questions about running a business in general. Don’t just avoid these questions or provide quick incomplete answers. Your thoughtfulness in  addressing these questions can be very useful in realistically assessing your readiness to start a business.

  • Can you test the strength of your interest by starting your business part-time?
  • Are you self-motivated, with a strong vision and faith in yourself to persevere?
  • Do you like to be in charge, making decisions?
  • Are you computer literate enough to handle your own billings, taxes, records, etc.?
  • Do you have sufficient funds to cover expenses for the first one to three years?
  • Are you a self-starter?
  • Are you willing to take advice from others?
  • Can you assess risk and make business decisions quickly?
  • Do you have a good understanding of your strengths and weaknesses as well as the resources to fill in the gaps in your own skill set?
  • Are you willing to take the time to do the research required to start a cake business?

These can be tough questions to face if you haven’t thought of them before.  Please leave your thoughts, questions or concerns in the comments below!

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