I did a business course recently, I decided I was making lots of cakes so I might as well be making money from them, anyway... upon doing all the cash forecasts etc I've discovered that to make a wage of £80 per week, I need to be making 6 8 inch cakes at £40 every single week. which would take me a lot of hours, and therefore put me on an hourly wage of about £3. The problem is, I cant go much higher than £40, because thats what everybody else charges. Except one who is even slightly cheaper (who's quality is questionable, but I've still lost out on orders to her). I'm just struggling to understand how any of the cake decorators in this town are making money, their prices are all about the same, I'd imagine their costs are similar, I just dont get it. I'm feeling so down about it today because I dont see any kind of light at the end of this tunnel. I just dont know what to do. I've absolutely decided this is what I want to do with my career because I absolutely love it. I doubt I'd love it on £80 a week for 6 cakes! Would anyone in the UK care to share any details on their finances with me? How do you make money from just cake decorating? Is it just my area? or does everyone have this problem? I wasn't expecting a full time income or anything like that, but something I could call a profitable business...
post #1 of 13
3/7/12 at 4:50am