Even the sound of cake is mouthwatering! This is a multi-billion dollars industry which will only grow with the passage of time. But just like every other business, it has many risks too.
How Cake Businesses is Tough?
From the outside, it seems like the bakery is going just fine and all is sweet and jolly but if you take a deeper look or ask the manager, employees, and the CEO if you get a chance to meet him or her, they will tell you that how frustrating this business can get at some point. You will find the best cake shop in Dubai and you will also find many cake shops in the whole UAE which are always in competition. If you are about to open this business, then you should know about the challenges and risks that you will face so, click for more info here.
- Serious Competition: the only thing that you will be facing is massive competition. At some point, you will be at the top of the competition and at some point, you will be in the middle of the race and you will be facing a hard time to get your game back in the competition. YouTube, Facebook and any social media, you name it, are filled with superbly massive creative bakers and their cakes kind of come to life. But at the end of the day, taste matters the most.
- Keeping Up with Rules and Laws: ever since the COVID-19 has struck the world, people have become very conscious about cleanliness and hygiene, specially in hotels, restaurants and cafeterias. On daily or at least on weekly basis, you will be receiving different rules and laws about cleanliness from the govt department and you have to pay heed to them or else your business can be sealed for good. And changing your policies and getting the supplies are expensive and it disturbs the routine as well.
- Small Profit Margin: small profit margins will not always be slow, it will gradually increase and fasten up when you gain popularity.
- High Priced Ingredients: all the ingredients used in a single cake can be expensive. if you use the expensive ones, your cake will taste better than ever.
- Working Hours: if you have a massive and huge cake order, then you will have to work for more than many hours.