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Cupcakes are a popular treat in America. They are not only available in America but also available in other countries. In England, cupcakes are called fairy cakes, and in Australia, they are called patty cakes. They are named 'cupcakes' because they are served in paper or aluminum liners or cups. Cupcakes have become many people's favorite treat. Some even turn their love for cupcakes into home-based business. Actually, it is not difficult to run a home-based cupcakes business because cupcake recipes and ingredients are available everywhere. Moreover, the number of cupcake aficionados has significantly increased in the last two decades. Here are some key factors to consider when starting your own cupcake business. 1. Commitment. In order to start a business, you must have commitment. Running a business without commitment means you are just wasting your money. With commitment, you can tackle all the problems and obstacles that you will encounter later on in your business. 2. Legality. You must collect sufficient information before getting a permit for selling home-based products. You can consult the health department or other related departments in your area. In America, several counties strictly supervise production of foods made by home-based business. If there are requirements to run your business, you have to fulfill those requirements immediately. 3. Business plan. After fulfilling all regulations and requirements, the next step is creating a business plan. A business plan is very crucial, because it determines the success of your business. It includes the types of cupcakes that you want to sell, prices of cupcakes, promotion strategies, profit margins, suppliers, and other information. It is better that you research the prices, types of cupcakes and promotion strategies of your competitors. If you are not sure about your capability in creating a business plan, you can consult your friends who are already running a business. 4. Market. You must perform market research to make sure that there is a market for your product. 5. Team. Running a home based business is simple, but it takes large amount of time. If you really want your business to prosper, hire some people and form a team. Each person in your team should be assigned with different task such as baking, marketing and customer service and administration. 6. Location.
Location relates closely with your marketing strategy. Home-based business does not always mean that you sell your cupcakes at home. You can rent a small place in a strategic location to sell your cupcakes.
Article Source: http://EzineArticles.com/?expert=Yuliana_Christina
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