How To Tell If A Baking Business Is Doing Well: 7 Big Signs

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A lot of people ask this question, how to tell if a business is doing well? And one of the biggest mistakes of entrepreneurs is not tracking their progress. Don’t make the same mistake. Read about the signs your baking business is doing well.

After all, you might not want to spend a lot of money without seeing real progress.

7 Big Signs

Speaking of progress, here are the helpful signs your baking business is doing well.

1.You’re getting great feedback from customers.

Looking for the top sign your business is doing well? Look no more.

Your customers are the main indicator of how your business is doing. They tell you whether you have to keep going or go home. 

Getting great feedback from your customers means that you’re on the right track. Getting not so great feedback means that you must change things to get on the right track.

2.There’s a strong demand for your products.

So how do you tell if a business is doing well? Another one is the strong demand for your baked goods. It means that the market likes what you’re selling.

The higher the demand, the more profits you have. What better way to gauge your baking business’ growth than the profits you make?

From Gardenia to Conti’s, successful baking businesses feature products with high demand. 

3.You’re spending more time in the kitchen.

Bakers who constantly want to improve their craft spend a lot of time in the kitchen. If you’re doing it, your business is booming. 

Now we are not telling you to be in your kitchen 24/7 (caution: you’ll burn yourself out if you do it).

We’re saying that spending more time in the kitchen means you want to take your business to the next level.

4.Baking becomes your profession.

One of the signs your baking business is doing well is when you treat baking as a profession.

When your business is doing well, baking becomes more than just a hobby. It becomes more than just a side hustle. It becomes your bread and butter.

So the next time someone tells you that you mustn’t take baking seriously, tell them that the baking industry is worth over $450 billion and that you’re willing to capitalize on that.

5.You need to upgrade your equipment.

The bigger your business gets, the bigger equipment you must use. 

Think about this: if you have to produce hundreds of baked goods every day, will you still use a hand mixer? Of course not. You’ll need high-grade stand mixers. 

6.You buy ingredients in bulk.

Buying ingredients in bulk not only saves you money. It’s also one of the signs your baking business is doing well.

Let’s paint another picture. When Alexa the Baker just started selling brownies, she only needed half a kilo of ingredients. After her brownies gained traction, she had to buy brownie premixes in bulk.

See the difference?

7.You always try to improve your business.

Improving your marketing plan or business model means one thing― you’re catering to a larger market. 

The better your baking business does, the more improvements you have to make.

Now that you know how to tell if a baking business is doing well. Growing a business doesn’t happen overnight. It takes time and hard work. If you’re experiencing any of the signs your baking business is doing well, pop a bottle of wine. Cheers to your growing business!

And we are happy to be your partner.

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About HICAPS

Over the years, HICAPS has helped bakers and businesses make delicious products by offering prime baking ingredients like Chiffon Oil, Magic Whizk Whipping Cream, Ube Flavor Emulco, and Royal Victoria Cream Cheese. 

HICAPS also provides tools and resources to valued partners such as the Free E-Book about “Digital Marketing For Bakery to Increase Sales During the Pandemic” and a Free Online Dealer Locator that helps look for baking supplies near me. You can also read our other articles like: “Perfect Deep-Frying Old-Fashioned Donuts Using CrispFry Frying Lard” and “What’s the Difference Between Flavocol and Emulco?“

Want more free tips and tutorials? Follow us on Facebook at Hicaps Mktg. Corp. and on YouTube at HicapsTV. 

Want to be one of our valued partners? Fill this form out. Looking forward to talking to you soon!  

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