Bread bakery business is a lucrative goldmine that have made their starters millionaires. I aren’t kidding when I said that this business is making people millions and there’s no prophesy of it going down anytime soon, rather, it will keep booming in growth as demand soar. Although bread bakery business is capital-intensive, but with the right mechanisms and staffs, success is sure.
Bread is a known breakfast all over the world and in Nigeria, it’s competing with foods like rice, garri and soup. It’s known to be a quencher of hunger and it’s very fast to serve. Here in Nigeria, it can be taken with tea, akara (bean balls), cooked beans, coconut, stew etc.. In fact, I have seen people eat bread with avocado and according to them, the taste is divine.
Where am I driving at? The demand for bread is high. So High that I wonder if there is competition at all. There’s competition no doubt, but it’s not felt when the game is played well.
In this article, I’m going to guide you on how you can start a bread bakery business in Nigeria and make money. Yes! It’s among these untapped business opportunities that will land you to financial freedom and fulfilment. All you need to make this business a success is just three important variables.
- Business Plan
Don’t get confused. This is not going to be technical. Let me guide you to the top of the ladder.
How To Start A Bread Bakery Business
1. GET TRAINED
If you take a look at some skill-base businesses in this blog, acquiring experiences and training seems to be in all the articles. That’s because through training, knowledge to excel in any type of business is gained. Don’t overlook knowledge. Look for bakery businesses around and apply to work.
Getting life experience is a huge advantage and will give you the confidence and momentum needed to start your bread bakery business. There are also some skill acquisition centers, either from the government or private organization. No matter what it cost, enroll and get the skill. You can’t do without it in this business.
2. A BUSINESS PLAN
In my opinion, a bread bakery business plan is one of the important variables needed to ensure business success. Start with a feasibility study, it will help you to draw out a detailed business plan for your bread bakery business. Don’t underestimate the power of a business plan, it’s a blueprint to success.
With a good business plan, the overalls nitty-gritty of the business is made known. You’ll know the equipment to purchase, your top competitors, amount to start with and the important mechanism to set in place before the commencement of business.
3. BUSINESS LOCATION
When choosing a location for your bread bakery business, pick a spot that is very close to your target market, especially your retailers. Location sometimes might not be a hurdle provided you have your transport systems in place, ever ready to supply to suppliers and retailers.
In that case, make sure the roads aren’t bad or filled with potholes that might on a very bad day, cause a vehicle breakdown, thereby causing disruption in supply.
4. HIRE EXPERIENCED WORKERS
Starting a bread bakery business means working collectively with workers, performing related activities to achieve a goal. You don’t just need “anyhow” staff, you need experienced and competent individuals who are passionate about penetrating the market. The marketplace is a war zone and you need warriors to survive.
5. BAKING EQUIPMENT
This is one of canals where most of your finance will go into. You need;
- Baking oven
- Flour mixer
- Slicing Machine
- Baking pan
- Branded Bread Wrapper
- Supply Truck etc..
Through your business plan, you’ll know what’s needed to kick off.
6. COST OF START UP
You need finance to start a bread bakery business. I’m not fond of making estimate cause it varies and believe me, I aren’t going to make it today. Through your business plan, you know the amount needed depending on the scale or size of the business.
MAJOR INGREDIENT FOR BREAD BAKING
- LIQUIDS WATER
REGISTER YOUR BREAD BAKERY BUSINESS WITH THE CAC
As a business owner or entrepreneur, you need to register your bread bakery business with the Corporate Affairs Commission (CAC). It’s so easy that you don’t even need to visit a CAC branch. Everything can be done online. The price of registering your business isn’t costly either. With N20,000, you can have your business name registered.
GETTING NAFDAC APPROVAL
You need NAFDAC approval since your line of business has to do with something that’s edible. Before your build your baking factory, make sure it’s in compliance with NAFDAC for easy approval. Having a neat environment with experienced staff is an advantage. When everything is set, go ahead and request for approval from NAFDAC.
HOW TO BUILD YOUR BAKERY SUPPLY NETWORK
Bread bakery business is about having an active supply network. There are lots of suppliers and retailers, including competitors. Why should your business be patronized? You need to give your potential customers a tangible reason if you must break through in this business.
One of the major factor that will accelerate your customers base is to have a unique product that’s hard to resist. Bake a bread with a difference. A bread that taste like no other. Your edge will always lie in your uniqueness.
There are also 101 ways to create awareness and promote your bread bakery business, ranging from facebook ads, TV Shows, Newspaper Ads etc. You’ll need finance, but the result will be worth it.
Starting a Bread Bakery Business is not rocket science. It’s all about getting trained, drawing your business plan and making your finance ready. Bread is a profitable business and can make you a millionaire if your ball is played well. Bread business is an unexplored goldmine.
YOUR TURN: What do you think of this business?