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uk bakers thinking of starting a home business - Page 2

post #16 of 27
Thread Starter 
Ha I love reality tv, mainly cos its so unrealistic ironically! !! Jeremy kyle akso makes me giggle as it makes ne feel grwatful I still have alk my teetch lol look up some if the guests yuck love a but if corrie its in 5 times a week here I think. I need to get out mire I think
post #17 of 27

Hi,

 

I just wondered if you had to pay anything extra for your home insurance? And roughly how much is  the public liability insurance?

 

Thank you

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post #18 of 27
Thread Starter 
Home insurance reduced my cover actually, wouldnt cover anything I use to make cakes!!! Thecliability covered anyillness my cakes cause, equiptment and someone getting hurt in my home, about £150 a yearx
post #19 of 27

I just signed an HMRC form yesterday and registered with the council today now I am sooooo scared, I feel like I've thrown myself in the deep end! I am feeling kind of overwhelmed with all the different stuff I need to get ready. How do you guys keep track of your paperwork and also, how do you give people receipts? Do they pay by cash or into your bank account? What do I need to put in place for the safety guidelines for the inspector? All of a sudden I am looking at cakes online and feeling like I am waaaay out of my depth. Sorry for the question overload.

post #20 of 27
Nomsa, I'm glad you ask those questions, I need to know many of the same things..really wish someone would respond however..I've been baking for a little while and really envy these women and men with all this wonderful talent, I mostly do olde fashion cakes, you know the ones everyone seems to have forgotten because of all this wonderful new talent..Anna said a quote about making 1 cake for 150 versus 50, that's my goal, what about you..keep up what you're doing sometimes we have to jump out on faith..good luck to you, may your business be all you want it to be.

Marion
post #21 of 27
Nomsa I'm glad you ask those questions bcause I needed to ask the same..I've been baking for a little while but I bake olde fashion cakes, you know the ones we seem to have forgotten because of all this wonderful new talent, I really envy these men and women, I will get there one day though Lord willing..Anna made a quote about 150 cake versus 50.. That's the goal I'm working toward..hopefully someone will answer so..you know at some point you have to leap out on faith..good luck to you, happy baking.

Marion
post #22 of 27
Thread Starter 
Quote:
Originally Posted by Nomsa View Post

I just signed an HMRC form yesterday and registered with the council today now I am sooooo scared, I feel like I've thrown myself in the deep end! I am feeling kind of overwhelmed with all the different stuff I need to get ready. How do you guys keep track of your paperwork and also, how do you give people receipts? Do they pay by cash or into your bank account? What do I need to put in place for the safety guidelines for the inspector? All of a sudden I am looking at cakes online and feeling like I am waaaay out of my depth. Sorry for the question overload.


Dont feel out of ur depth, if you search on here or on the net there is an order form (cakeboss search) and you can amend it and print it off if u want to and fill it in for any orders for ur accounts and print off a copy for the xustomersas a receipt. I am nnottaking a massive amount of orders cos caking is on top of normal work but make sure you keep all ur receipts foe stock equipment and outlay (I do my own self assessment because my income from this is low!! If you think that ur gonna b earning a decent amount I would try and find a mate who is accountantcy trainedand ask advice about how to keep ur accounts and what u can write off as a tax deduction. I lierally wrote down the basics of what I do and put them in a folder they are.not too involved but again ring upthe health department and ask what they will require to see at your inspection, they will help and wont try and catch u outx As far as ur actual cakes, price fairly and in line with other cakers in your area and if someone asks you to do something that you dont feel ready for dont take it on!!! It is much better to produce brilliant cakes that will get u a great reputation and u know u can do a good job with than take on monsters that u may not be able to complete to a high standard that will get people complaining. Im sure youll both be great, there is always a call for classic cakes too again just dont be pressured into attempting a cake that you dont feel comfortable withxxx good luckxxx
post #23 of 27

Thank you  so much, this makes me feel better about the whole process. I guess it is knowing what I can do and can't do and being able to say No :). Fingers crossed, I am finally (after years of being begged to do so by my mum) taking  a big giant leap of faith! I must say, cake central is amazing, who needs culinary school hey ;).

post #24 of 27

Hi,

 

I was just wondering which insurance provider you guys use. I am currently considering AXA. Any suggestions?

post #25 of 27

If you mean public liability I get mine through the British ********** Guild; you have to join the guild and you must have a turnover less than £7500 a year but you get insurance for £39 including guild membership- helpful if you only bake PT :-)

 

http://www.bsguk.org/

post #26 of 27

I did use the British Su gar Craft Guild for my public and product liability insurance...  however, I'm quite close to the £7,500 turnover (not profit!!!) so I'm looking around.

 

As I take their 'middle' band of insurance (which was about £63, I think) the quote of £72 from Direct Line was quite competitive...  just need to compare cover.
 

Inside this fat body, there's a thin woman screaming to get out...... but I can usually shut her up with chocolate!
Reply
Inside this fat body, there's a thin woman screaming to get out...... but I can usually shut her up with chocolate!
Reply
post #27 of 27
Quote:
Originally Posted by Relznik View Post

..........£7,500 turnover (not profit!!!).........

 

..................That would be a nice PT proffit!! ....hmmmm, 3 cakes a week would get that though..... not impossible..... although I would probably have to hide sharp things from my wife.........!

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