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Cake costing become vital when it comes to your business growth.
As a baker you need to start charging your worth to able to enjoy the fruit of your labour.

For a baker, this might mean calculating the cost of each cake, considering the time and skill involved, and pricing accordingly.

The goal is to find a balance between profitability and customer affordability.

Setting prices correctly involves calculating costs, understanding your target market, and considering the value you offer. Here's a step-by-step guide:

1. Calculate your costs: Factor in ingredients, labor, overheads, and other expenses.
2. Research the competition: Check what similar bakeries or businesses are charging.
3. Determine your target profit margin: Decide on a percentage you want to make per sale.
4. Consider the value you offer: If your products are unique or high-quality, you may charge more.
5. Set a base price: Calculate your minimum price based on costs and desired profit margin.
6. Test and adjust: Monitor sales and customer feedback to adjust prices if needed.

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Still your favourite lagos island baker

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Still your favourite lagos island baker