As a bakery owner or manager, the start of a new year is a great time to assess your business’s strengths and weaknesses, set goals, and make a plan for the year ahead. Here are five steps to help you get started with your bakery planning:
STEP 1: REVIEW YOUR PAST YEAR’S PERFORMANCE
Take some time to review your bakery’s financial performance over the past year. Look at your sales, profits, and expenses to see what areas are working well and which ones may need improvement. Consider factors such as your product mix, pricing, marketing efforts, and operating costs. This will give you a good idea of where to focus your efforts in the new year.
STEP 2: SET GOALS AND OBJECTIVES
Based on your review of the past year, identify specific goals and objectives for your bakery in the new year. These might include increasing sales, improving profitability, expanding your product line, or increasing customer satisfaction. Make sure your goals are specific, measurable, achievable, relevant, and time-bound (SMART). This will help you stay focused and track your progress throughout the year.
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