Candle Making Business Plan
Whatever design choices you make, be sure to write down all your recipes and formulas.
You will need to be able to reproduce your winners to precise specifications.
Others seek out investors, lines of credit, government loans, or grants.
Once you have accounted for all your expenses and know exactly how much it costs to produce each candle, you will be able to set your sale price.
As your business grows, however, you will want to seek out quality wholesale vendors.Your vendor should also be able to provide the quantities you need, in the timeframe you require.Popular candle making suppliers include: Your customers -particularly those who are resellers- will look at you as an expert in the candle manufacturing industry.Check your competitors' pricing to determine whether your prices are competitive.If your prices are significantly lower, you may want to adjust them upward.This start up guide provides both the steps and resources needed to launch a candle making business.Decide what kind of candles you want to make and sell.Research your city fire codes, obtain all necessary permits, and speak with your insurance representative.If you should have a fire and authorities determine that your business was operating outside the law, your liability could be great.Be sure to include details, such as the types of media advertising channels you plan to use.It's no surprise that start-up budgets for candle making businesses vary.