Are you looking to quit your job and start a small baking business? This blog post is for you.
Hi everyone, my name is Maureen Kamari, founder of Amari Baking Center and Author of How to Start Up a Small Baking Business. In this blog we share decoration tutorials, baking tips and baking for business tips.
In today’s post I’ll be sharing with you guys why I quit my job to start a small baking business. So to give you a little bit of background, in 2012 I quit my job and I started Amari Quick Breads Bakery which was the name of this business at that time.
At the time we were selling quick breads like banana bread, lemon bread and orange bread to people. They would order online and we would deliver to them.
I want to share why I actually quit my job and hopefully it’ll give you a few reasons why you SHOULD quit your job or maybe NOT QUIT your job to start a small baking business.
Reasons why I quit my job to start a baking business
1. I was Unsatisfied and unhappy during employment
I was not happy with my job and I was not very satisfied. My ideas were not taken seriously and I did not feel like I was reaching my full potential. So at that time, this was a very big reason why I quit my job.
2.To pursue my baking passion
I had a passion for baking and I’d been baking for a couple of years. I’d also been able to add on to my skill and had the experience to actually start taking on birthday cakes. I’d improved my baking and decoration skills which improved my confidence in taking orders. I was very confident with my skill, and I knew I could actually sell my cakes to people.
3.Personal choice and goal to attain financial freedom through entrepreneurship.
I wanted to start my journey on to financial freedom. So when I looked at my long term goals I wanted to be financially free and the only way for me to do that was not through employment, it was through entrepreneurship.
I then decided to start my journey at that time because I knew it was not going to happen right away. It was going to be quite a journey, and would take some time – so I decided to quit my job to get started.
What to consider when quitting your job
A.Do you have a plan?
Don’t quit if you don’t have a plan.
Before I quit my job, I made sure I had some equipment, ingredients and some money (working capital) to actually start and run the business.
You need startup capital to get the items you need to start the business and then you need working capital to get your business going for some time. So if you don’t have a plan in place don’t quit right away. First work on that (getting the money) and then you can quit your job.
B.Does your family directly rely on your income?
Don’t quit if your family or other loved ones directly rely on your income to survive. You can choose to start the business as a side hustle first.
If your income from your salary every month is actually what keeps your family running, then don’t quit your job just yet.
What I would suggest is to start your small business on the side, then grow that business. Over time the money you’ll be making from that business can actually complement (or replace) your salary. From there you can then choose to either quit your current job or keep going with it alongside whatever income you’re getting from your bakery business.
C. Are you sure you’re ready to be an entrepreneur?
Make sure you’re ready to be an entrepreneur before quitting your job. It’s not an easy road to take and the journey is long so be prepared.
Being an entrepreneur means back breaking work for maybe the first four to five years without a lot of results.
It means working hard and you might have to work daily, night and day. You have to innovate and constantly market and do sales for your business. You might even have to do multiple jobs at the same time and not get paid the way you’re used to getting paid through your monthly salary.
So entrepreneurship is not really for everyone and it can be quite a lonely journey over time. So you need to ask yourself if you’re ready for that kind of life. If you find that you’re not ready for that kind of life – you may choose to be employed and maybe do the bakery business as a side hustle, or as a hobby. But if you feel you’re ready for it, then I’d tell you to plan, very well, and then you can join entrepreneurship.
Do I regret quitting my job? You may wonder; – What kept me going after quitting?
I do not regret quitting my job and starting a baking business. The first thing I realized is that I have to persevere the challenging times that I went through, and in business that’s what happens. You will always have challenging times as you grow.
The second thing to know is that you need a support system. So over time I realized I need a support system of people helping me out, or even mentors helping me out so that I’m able to grow my business successfully.
The third thing you need to know is that you have to keep your goal, first and foremost in your mind, so that every day you wake up and remember why you’re doing this. This is what’s actually going to keep you going through the whole entire journey so that you actually achieve your dreams and you work every day towards having a successful baking business.
I hope this post has been really helpful to you. Please do share your experience in the comments below if you’ve quit your job or if you’re thinking of quitting your job to start a baking business. Also, make sure to hit the like and share this post.
If interested in Business training or Mentorship; please check this link – Amari Business Mentorship. You can also send us an email at: firstname.lastname@example.org to inquire.