Baking & cottage food
You bake at home and sell locally under cottage food rules. Custom orders for parties and holidays are where it adds up.
I love the flexibility of making my own schedule and the joy that what I do brings to people. Start small only buying the things you absolutely have to have. If I could change anything it would be how little people know about running a home bakery
I love baking and always have. The first time I made bread, it was an absolute disaster and I vowed to never do it again. I did try again and I am so thankful. I made my own starter. I do pretty much monthly events. I have met some really kind people. Sourdough is more forgiving than you might think. If you genuinely enjoy baking and want to make some extra dough (no pun intended), give it a try. Each state has different laws regarding cottage food so definitely do some research
What I dislike most about my hustle is that I am in the wrong geographical market. I am not new to the food/CPG industry, but this side of it has been so challenging because it's not restaurant and it's not production, which I find to be less frustrating than bootstrapping as a cottage food/commercial kitchen baker. I have brought my product outside of my state (which has mostly strict regulations about interstate commerce) to specialty events or gifted to colleagues, and it has been well-accepted in CA, NY, NJ, etc; but I cannot market to them due to this limitation. If I were to try to scale up, I need to then invest tens of thousands into manufacturing to properly meet demand. I would find out a template check mark list that you review every quarter for finances, your business plan, and any SMART goals as well as how each ROI matches the different categories you have spent in them. And have Plan B, C, D, through Z for your business drafted out. I guess I wouldn't change it -- I would change the income stream source (i.e., don't rely on producing baked goods; using them for content creation, etc).
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Most people doing baking & cottage food overpay on taxes — here's the full write-off guide.
