MAKING IT, SPENDING IT: MAKE OR MAR MONEY CHOICES : Investing In Baking Business

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The food business is one of the fastest-growing industries in the world, hence considering a bakery business is not at all a bad investment. A standard

bakery requires a lot of startup costs, especially as you have to procure equipment, materials, labour, and lease. Bakery business is broad and one can specialise in a variety e.g. bread, cake and other pastries in general.The first step to structuring your business in Nigeria is to get it registered with CAC. With as low as N20, 000 you can get your bakery business registered with CAC.

Similarly, it is essential you have experience in baking before venturing into the business. This is crucial and germane to the success of the business. You also need to hire staff. However, the size of your bakery will determine the number of staff to employ. Moreover, there is a need for a good marketing strategy if you want your business to be discovered by prospective clients.

 

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