Re: How Do I Find a Business Partner?
Hi there you need someone with the same passion for the business as you ifyou want a business partner. Period.
If you cant find that person outsource so menial chores that can be done by professionals...book keeping, baking etc. give you the team you need to consider your next moves, growth plans etc a chance.
If you're working flat out and not making much money, but you are getting a lot of customers, slowly increase your prices or look to sell add-ons/up-sells with your baked goods to add to your bottom line.
For example source some festive ceramic plates that your cakes will fit on from a good supplier at a cheap price. Make your cakes for X PLUS the plate for Y. Make sure you increase the price of the cake and get a rock bottom bargain on the plate when you purchase...maybe this means you have to bulk so promote it like crazy that they get a great plate for . The customer will be so much happier to get more than just another custom cake!
Differentiate your business via your up-sells.
You need to generate more margin so you can afford to outsource those tasks!
If you are committed you need to decide outsource or die.
If your idea or concept is unique and/or you have good systems in place (Read the E-MYTH) then maybe you should look to franchise your business and start expanding big time!
Cheers
Simon
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