Do you know how to start a cookie business? If you are reading this, you probably have a few questions about the things that you may need to know to start an edible cookie dough business. We completely understand because we have been in your shoes. You’ve come to the right place to get some quick and easy tips for what you need to know.
What is a Cookie Business?
When you think of a cookie business you may automatically think of Girl Scouts peddling boxes of cookies door to door. The trend in cookies these days are bypassing the door to door process and even the trouble of baking. The buzz is all about a cookie business that centers around the delicious batter, what we all know as cookie dough.
Did you ever sneak a finger into the mixing bowl as a kid to steal a taste of the raw cookie batter? If you were anything like us, that sweet treat was something you continued to be drawn to, even as an adult. Now you no longer have to sneak a taste, you can have your very own edible cookie dough & ice cream business and enjoy eating cookie dough whenever you want, and share the experience.
Know These Things First
Way before you can open the doors of your new business there are several things that you need to know first. Every business is unique, even if they are in the same niche. So, take some time to consider these things and learn all that you need to before taking the leap.
Skills and Experience Needed
What skills and experience do you have that make starting an edible cookie dough business a possibility? This may seem like a difficult question, especially if you have no idea what running a business may entail. The big parts to consider is problem-solving skills, being cool under pressure, and a desire to serve the public. Customer service is that backbone of any service-based business, even if you are not the one that is face to face with the public.
Other important skills include accounting, scheduling, personal time management, and organizational skills, as well as inventory management.
Don’t worry if you have no idea if you have what it takes to start a cookie business, we are here to assist in any way we can.
One of the biggest things to consider before you start any business is cost. This is not limited to the cost of starting the business, but the recurring costs that will be required as the business moves forward. In general, most business advisors will suggest that new businesses expect to run in the red, mean not making any income above expenses, for a minimum of 1 year, and as much as 5 years. This means that you need to consider, building fees such as rent or mortgage, employee costs, insurance, inventory, etc.
Law and Licensing Requirements
Edible cookie dough is definitely a food product. In most areas, food-based businesses have specific licensing requirements and ongoing certifications to ensure that the food is prepared to specifications that provide the public with the safest product. Cities and states each may have their own business regulations, so you will have to check with the municipality of the area you are considering for specifics. Often this information can be found on a city’s main website, or appropriate contact information to get the info.
How to Start a Cookie Business – A Step-By-Step Checklist
Sometimes you just need an easy to follow list to keep you on track. This checklist includes a few more things that you need to know before starting your cookie business. We hope this helps guide you toward your dream business.
Step 1. Make a Business Plan – This will be important if you need to get a small business loan to start your business. Most banks and lending companies require a detailed business plan to start the process. A well-designed business plan will include:
- Cost analysis of all expenses expected for the first 12 months
- Income projects
- Target market
- The name of your business
- Financial backing
- Investment or Franchise Information
Step 2. Form a Legal Business – This will protect you from potential liabilities and allow you to separate your personal and business taxes and income. In the long run, a business that has been set up correctly will save you money in taxes and fees.
Step 3. Register the Business – City, State, and Federal registrations may be required. You should also register for a tax identification number with the Internal Revenue Service.
Step 4. Open a Bank Account For Your Business – Part of operating a business as a separate entity from you the individual is to keep your finances separate from the business finances. Your bank will help you set this up. They may require the tax identification number mentioned above.
Step 5. Get An Accountant – Business accounting and taxes can quickly become too much for some people to handle. Unless you are well versed in business accounting, hiring the services of an accountant can save you a ton of money.
Step 6. Insurance – All business must carry insurance, including liability and worker’s compensation insurance. Other requirements may be different depending on your location.
Step 7. Partner with a Great Franchise – There is no reason to go it alone. When you start with a franchise that has a proven track record for great customer service, the best-tasting cookie dough, around, and a dedication to your success, you will start your cookie business on the right foot.
Ready to Build Your Cookie Dough Empire?
Are you excited? Maybe a bit inspired? When you are ready to take the next step toward owning your own franchise, check out our franchise opportunities, send us your contact information and get ready to conquer your franchise goals. With DoDo Edible Cookie Dough & Ice Cream, we are here to make you sweet dreams come true.