How a five bakery owners earn from a percentage technique?

By OpenAI's GPT-3

Starting a bakery business can be a rewarding venture for those passionate about baking and providing delicious treats to customers. Here's a guide to help you get started:

1. Business Plan:

• Outline your business concept, target market, and unique selling points.
• Define your bakery's structure (sole proprietorship, partnership, LLC, etc.).
• Conduct market research to understand your competitors and target audience.
• Plan your menu and pricing strategy.

2. Legal Requirements:

• Register your business and obtain any necessary licenses or permits.
• Check local health department regulations for food handling and safety requirements.
• Set up a system for handling taxes.

3. Location and Equipment:

• Choose a suitable location with high foot traffic or visibility.
• Invest in quality baking equipment based on your menu.
• Ensure your workspace complies with safety and hygiene standards.

4. Menu Development:

• Create a diverse menu that caters to your target market.
• Consider dietary trends and offer options for various preferences (e.g., gluten-free, vegan).
• Experiment with unique and signature items.

5. Sourcing Ingredients:

• Establish relationships with reliable suppliers for high-quality ingredients.
• Consider local and organic options if it aligns with your brand.

6. Marketing and Branding:

• Develop a strong brand identity, including a memorable logo and business name.
• Create an online presence with a website and social media profiles.
• Use digital marketing strategies, such as social media promotions and email campaigns.

7. Pricing and Profitability:

• Set competitive and profitable pricing for your products.
• Monitor costs carefully, including ingredients, labor, and overhead expenses.

8. Staffing:

• Hire skilled and reliable staff if needed.
• Provide proper training on baking techniques, customer service, and hygiene.

9. Customer Experience:

• Focus on delivering exceptional customer service.
• Consider loyalty programs or promotions to attract and retain customers.

10. Financial Management:

• Keep detailed financial records.
• Use accounting software to track expenses, revenue, and profits.

11. Adapting to Trends:

• Stay updated on baking trends and customer preferences.
• Regularly refresh your menu to keep offerings exciting.

12. Community Engagement:

• Engage with the local community through events, partnerships, or sponsorships.

Remember, success in the bakery business requires a combination of baking skills, business acumen, and a deep understanding of your target market. Continuously seek feedback from customers, adapt to changes in the industry, and maintain a commitment to quality.

Secret on how to roll a business (Small Entrepreneur)

List of Rolling the capital/Portfolio 

1. Buying goods and materials with a capital of 5k
2. Use all the capital to buy staffs and things that we need in able to operate the business
3. The foods we made or that made should sell higher from the capital amount or at least materials or ingredients are still available even if targeted capital has not to reach
Example:

If we reach or higher than the capital well it's better but if not then the revenue that we earn in one week will be purchase again for other stocks to sell over and over again until we overtake or reach the capital of 5k or higher is better 

4. The higher the gross income from expenses is better so we need to keep that target while rolling the money 

5. Then when purchases meet the exact needs and funds is still growing, profits are showing up.
6.  You can only use or get profits into your pocket when money or funds from the business meets everything the business needs before you.

What would you choice OFW for life or Business in the Philippines?

Anyway, if I were you I would rather a choice to have a business in the Philippines 🏪, but the question is where would you get your capital? 💰 you always think the usual idea to go abroad 🛫and work for it. I want to tell you this, why the owner of the mercury drugstore become rich? he came from the poverty selling only a small number of medicines until he earns enough for establishing his first branch. I think we are just afraid of failures that we can't make it, but the answer is just around 😊

👉 I want to explain to you why your choice to go abroad to earn than stay in the Philippines and working abroad has an advantage too 😲

- Whenever happens I think you are always ready for all struggles 😏 💪and how hard to work without your family right? 👪 but the sad thing is that we can't hide anything as if no one does, I mean they experience what you experience too, let's be honest that you can't still earn more if you have big family supporting your family and some can save but just many of them.

- Working abroad would be lucky 🍀 for some but not all of you, we are talking about the millions of Filipino worker around the world 10% are the one who has good work and good salary 🐅, but sad to say 60% are hard to earn enough money 🐇 and 40% is good too but not as good as above expected 🐈

Becoming an entrepreneur is a right thing 🏭, we have good positive index not lower than 95%, were open to business and we are probably booming among Asian countries and the Philippines is the newest industrialize country a little more steps to second world country.

Why would you the choice to become on OFW if you can do it by your self? I mean opportunities here in the Philippines are everywhere! you're pushing your self to go abroad not the poverty, a plant can stand by her self with your assistance to give them water, just like our life, you support your kids until they become professionals and they will not go to choice to work abroad anymore. ⛺