3 Money Apps Every Home Baker Needs to Run a PROFITABLE Cake Business
Running a home bakery business is fun and exciting and extra sweet 😋.
Unfortunately, all of the fun stuff can be quickly become stressful when you realize your cute cake business isn’t making any money!
You realize it’s actually costing you money!
That’s definitely not a fun experience, but sadly it’s a reality for most bakers and it leaves them wondering if it’s even possible to have a profitable cake business.
Thankfully, it is totally possible to have a profitable and thriving home bakery business you just need to know your numbers.
Here are the three apps you need to know to run a profitable home bakery!
Fillet for Chefs
Fillet for Chefs is a great app that allows you to cost your recipes. Definitely not as fun as slaying that cake to perfection, but it is major in knowing how much it actually costs you to create your goods. Just as much time and care that is put into perfecting your recipes and designs needs to be applied to learning your prices.
How can you ever charge properly for profit if you have no idea how much it even costs you to make?
You can wipe the sweat from your eyebrow because the Fillet for Chefs app makes it easy to cost out your recipes by automatically doing the math for you. Whew 😅.
I also have a special code you can use at check out to get a discounted price! We love saving money right? Just use code STATIONBAKERY to receive 15% off Fillet for Chefs!
You input your ingredients and the price you paid for them under the ingredients tab. Then, you write out your recipe under the recipe tab and like a meringue that magically comes together, the cost to make that recipe appears.
Pretty simple right? Why haven’t you been doing this already?
Oh, but there’s more!
Not only does it cost out how much it costs you to make your recipe, it also allows you to input the price you wish to sell at and it calculates the amount of profit you will receive at that price point and you can adjust from there.
And for those of you whose recipes create batches, Fillet for Chefs has you covered as well. You can create items (like a dozen cookies, cookie kit, half a dozen cupcakes, etc.) that are a part of your menu and yep, you can figure out the cost and profit of that too, the same way.
No more excuses for not pricing out your products! Let’s learn our numbers and grow a profitable business!
Square
Now that you know your numbers and are ready to sell, you need to know about Square. Square is your product selling best friend!
Use square to create a beautiful website. They have templates you can choose from or build your own design. But what I really want to talk about is the ability to take and make orders through Square.
Square allows you to take orders and payments right on the spot. No more fiddling around with trying to get cashapp and venmo information. Have your customers tap and swipe to make payments and receive your money then. Not having to chase customers for payments sounds pretty great doesn’t it?
But, what if you don’t sell on the spot items? Square works for you too.
You can send quotes and invoices to your clients when taking custom cake orders that allows them to read over details and make payments right then. You can set up payment schedules for larger orders and request retainer fees and deposits so your customers know they are set with their order.
Include major details and policies in your invoice and even attach contracts that are sent directly to the customers email or send a direct link through a message. Do it all in one place!
There are fees that are taken out of your payments by Square, but using Fillet combined with Square you’ll know exactly how to incorporate that cost into your prices.
It’s that simple to get your orders booked and paid!
Wave
I know you’re excited and ready to get started with these amazing apps so you can run a profitable home bakery, but there’s one more app you need to know about.
Wave is an accounting app that is going to assist you in tracking your business’ finances and keep you prepared for tax time. (Ew.)
With Wave, you’ll be able to see the money going in and out of your business, which is the foundation to knowing whether or not your business is profitable.
Always consult with a licensed accountant of course!
Running a profitable cake business is completely possible, especially if you know your numbers by using these apps. There are many other apps out there that you can try, but these are the ones I personally use and wanted to share with you!
If you loved learning about these apps, leave a comment letting me know! And don’t forget to use your discount code STATIONBAKERY to get 15% of Fillet Pricing Calculator!
