HOW TO START A BREAD BAKERY BUSINESS IN NIGERIA
Bread is one of the most popular food products in Nigeria today. It is made after a mixture of several ingredients. It is so popular that it is eaten by many and is generally accepted in the country. The bread bakery business has been around in the country for a really long time as they have been the major source for getting well baked bread to consumers who are interested in the product over the years. It is not a difficult business to start and is even something that doesn’t require a lot of things as long as you have the baking skills and also know how to go about baking. It is a lucrative business and one that will definitely bring in high amounts of income for individuals who start the business.
The bread bakery business simply involves setting up a place where bread can be baked and then sent out for sale to the final consumers willing to buy the product. The bakery is a place where all the processes involved in baking a bread is conducted. The business is lucrative as it does well to satisfy to demands of the bread lovers in the country. Bread is something that is taken by almost everyone and even at that, it is usually affordable and can be taken together with a number of things depending on the choice of the consumer. After the bread is baked and the whole break making process is completed, retailers can now come in to get the product and then sell to their customers.
Bread making was something that used to be seen as difficult or something that only professionals can do but today, with the help of the internet and other tutorials available online, people can bake their bread even in their homes without any issues. It’s not a difficult process and is something that any individual can do after they must’ve learnt it. The bakery can also either be run in a small scale or large scale format. The small scale aspect involves getting just a small place that can be used for the bakery and there, bread will only be produced in small quantities. The large scale aspect is, of course, very different and involves a much bigger place and bread there, is produced in large quantities.
One of the major reasons why the business is such a really good business option is the demand. It’s no news or even surprising that bread is really popular in the country. It is something that almost everyone loves. Bread can be eaten at anytime of the day and even with that, it can be eaten with butter, stew, tea and several other available options depending on the choice of the consumer. It can be easily tagged as a simple go-to food whenever an individual need to eat something that is affordable. The demand is quite huge and definitely something that can lure entrepreneurs into starting the business. A good or high demand like the one that bread has means its something that can easily get customers and also in turn lead to high amount of profits for business owners.
Bakeries today are not as well distributed as they were in the past. Today, retail bread sellers might have to go to a distance sometimes to get the bread and that is definitely not good for business. Setting up in a place that has no bakery or where the bakery around is really far is a good idea and one that will definitely get you good profits. The business is also one that can be started by almost anyone who has an idea of what the business entails and can comfortably go about the bread making process without problems. Though many bakeries are started by professionals, it is also something that a non professional can do as long as they know what to do in the business.
Starting the business is not really a difficult thing to do like I’ve mentioned earlier. It doesn’t require too many things and most certainly needs a good level of understanding to start the business. It can be started by almost anyone without being a professional at it. You can enroll at a place where bread making is taught or you can go online and visit different websites to get a good idea of how things can be done. YouTube is also a really good platform to learn as it has many free videos and can help you get experience of how things are done. Once you know how to make the bread, you’re good to go and ready to start the business.
In the next sub heads, I’ll be discussing the steps involved in starting up a bread bakery business in Nigeria and some of the factors that might prove useful during the course of running the business to ensure that you’re making your profits and you’re also successful at the business you’re starting.
No matter what you’ve heard someone saying about a business and how well success is assured or how lucrative it would turn out, always try to do your own research. The research will not cost anything except your time and that time will prove to be well spent when the business starts and the successes starts coming in. It is important to do a thorough investigation about the business since you’re going to be investing your money into it and you’ve never been involved in the business. Some hours of research won’t hurt.
The research is always meant to give you an idea of what to expect and the challenges ahead to be faced. It teaches future entrepreneur how the business works and what success means. It shows the risks involved and the ways to tackle them. It also gives ideas on how to sustain the business and work towards more success. Imagine missing out on any of the mentioned points, it’s more like being less equipped about something especially something you plan to spend money on.
There are experts in the business, of course, so also look to advise from these individuals as they are most likely the best bet for reliable information on the business. Take note of even the smallest things during the research period and pay close attention to how to stay and survive in the business. The research is as important as anything in the business.
- WRITE A BUSINESS PLAN
A business plan needs no introduction. It is equally as important as some of the other processes or things involved in the business. After a comprehensive and thorough research has been conducted, entrepreneurs must now put all their ideas into paper after, of course, deciding to start the business. The business plan will cover things like the way you plan to operate, the cost of several things, how you plan to market your business, future projections and also contingency plans.
The business plan serves a number of purposes. In cases where individuals might need to get investors or even get a loan, it will prove useful as it will contain all that needs to be known concerning the business. It is also going to serve as a point of reference for the proposed business.
- GET TRAINED
This is highly important and for anyone who doesn’t already know how to go about it. You can either get a physical center or even a bakery to learn how things are done or you can simply learn online. Ensure you’re focused and pretty good at it after the training must’ve been completed. Learn how to make different varieties so that customers can get to choose from the different options available.
- CAPITAL, LOCATION AND EQUIPMENTS
Just like every other business, capital is very important to the start of the business. The capital is what will be used to get the materials and all other things pertaining to the business to be started. The capital for this business is not really high though you’ll need to get a place for the bakery and also some equipments that will be used for the bread making. The location is one of the things that the capital will be used for and in this case, the size of the place will be determined by the capital. You can either set up a small scale or large scale bakery. Ensure the place is not too far out from the city center and is also not close to competitors. Next up is getting the equipments and ingredients for the business. If there is enough capital, you can also get a car to help you distribute the bread. Registering your business is also very important and is yet another cost taken by the capital.
- MARKETING AND SALE
Word of mouth and referrals is very effective in advertising this business. You can visit markets or places where bread is sold and advertise the business to them. Also encourage your customers to inform other people about your business. Alternatively, you can make use of banners, posters or flyers in getting the word out on your business. In rare cases, social media is also used to advertise. Ensure your bread is well packaged and also affordable for customers.