To learn how to open a bakery, you should start by writing a business plan, researching equipment costs, and finding a location. A bakery can be operated at home, in a shared kitchen, food truck, or cafe. Costs range from $5,000 for an at-home bakery to over $500,000 for a bakery cafe. Every bakery that…
About the Author
Blake Stockton
Blake Stockton is a staff writer at Fit Small Business focusing on how to start brick-and-mortar and online businesses. He is a frequent guest lecturer at several undergraduate business and MBA classes at University of North Florida. Prior to joining Fit Small Business, Blake consulted with over seven hundred small biz owners and assisted with starting and growing their business.
As an entrepreneur, Blake has owned multiple online businesses. Now, he creates online courses that teach local marketing strategies. As a creator, Blake enjoys creating YouTube videos that teach biz owners the latest local marketing and business strategies.
When Blake isn't writing, he is spending time with family, performing improv and sketch comedy, and doing outdoor activities.
21 Startup Costs Every Business Owner Should Know
Startup costs are expenses for new businesses. Almost all new businesses will have at least a few expenses, such as legal entity registration (around $150), software, and marketing. Some businesses have costs that are not required but are helpful, such as business plan software ($20 per month), professional consultants, and a website ($20 monthly). Tips…
8 Best Business Plan Software 2019
The best business plan software uses the latest technology to guide users through a simple step-by-step process to create a visually appealing plan. When determining the best business plan software, we looked for low costs, ease of use, and high-quality educational materials. On average, business plan software costs range from $10 to $50 per month….
Net Operating Loss: What It Is & Its Tax Implications
A net operating loss (NOL) occurs when a business’ tax deductions exceed income. Business owners need to learn what a net operating loss is and how it affects their taxes. Essentially, businesses can use an NOL to offset a future tax bill from $100 to $250,000 for up to 20 years. To determine if…
Business Exit Strategy: 13 Ways To Exit
A business exit strategy is a strategic plan to sell or walk away from a business. You can sell a business with desirable assets for a profit and/or work as a manager. Typically, business owners plan their exit five years in advance, giving them time to maximize the business’s value for investors. Before selling your…
How to Write a Business Plan in 9 Steps
Whether you’re just starting your business or are already established, a business plan can help you plot your future. Additionally, a business plan is an opportunity to show why and how your business will become a success. Learning how to write a business plan successfully requires planning ahead and conducting financial and market research. We…
Write a Restaurant Business Plan in 7 Steps [+ Free Template]
A restaurant business plan is a blueprint for starting and operating your restaurant. You can use it to explain what type of restaurant you’re opening, why you’re in business, what food you serve, and how you will be profitable. Additionally, a business plan can help you to obtain funding from a bank or investor. The…
Free Small Business Software: 24 Helpful Tools
Free business software helps a company save money and be efficient. You can use free business tools to do tasks like send more emails, organize customer leads, build a website, and get more online reviews. To rank the software, we analyzed websites, free pricing options, online user reviews, and personal experience with the tools. Top…
2019 Lightspeed Retail Reviews, Pricing & Popular Alternatives
Lightspeed Retail enables users to manage inventories and track revenue in real-time. Pricing starts at $99/month for its POS product.
2019 Clover POS Reviews, Pricing & Popular Alternatives
Clover POS offers solutions for accepting payments, tracking inventory, generating reports, & more. Prices range from $0 to $29.95/device/month.
2019 ShopKeep Review, Pricing & Popular Alternatives
ShopKeep is a comprehensive and cloud-based POS system for iPads. Prices start at $65/month per register.
How to Come Up With a Business Name
Learning how to come up with a business name begins with learning naming strategies. Once you decide on a name, secure it by claiming your name legally and on social media platforms. Claiming your name costs as little as $125 for registration to more than $100,000 if you’re securing an in-demand website name. After deciding…
