Planning a baking business

Based on the learning you are doing online, please answer the following questions... This post can be a reference post that you can come back to when ever you think of something you should consider when you are planning your baking business.
I am proud of you....you've got this and I am here to help (like an assistant and a bank all rolled into one person).

What have you learned that is important to know as you plan your business (for example- what is profit, what are the 5 W's)

Profit is the money you make from your business after you pay for everything such as ingredients and tax.
The 5 w's stand for...
1 what is your good or service ?
2 who will be your customers?
3 when will your goods or services be ready?
4where will you get the money to start?
5 why is your business needed?


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