"How much benta mo?" (How much are you selling it?)
I've been seeing this a lot in the comments section. Not just in this group but with other groups as well.
We can't emphasize enough the importance of proper costing.
If you're part of our mailing list, you should have received the costing template that I sent through email.
And yet, there are still people who are struggling costing their products.
Here are some of the reasons why we should do our OWN costing:
We come from different locations.
We're using different brands.
We buy our ingredients from different stores.
Some are using premium ingredients while some are using
cheaper alternatives to fit their target market.
Some people buy in bulk (which is cheaper) while some buys in
We're using different packaging.
Some are home-based while some are renting a space.
Some are doing everything by themselves while some have
additional labor costs.
We're serving different target market.
If one person sells it at Php1000, it doesn't mean it will work for you too.
Next thing you know, after all the hard work, you're just breaking even instead of really earning.
I'm posting here the updated version of the costing template that we made for those who are still in need.
When you open the file, just click on ENABLE MACROS.
Let us know if you have any questions using it.
P.S. Get your weighing scales ready!
3 thoughts on “Product Costing for Baked Goods”
Thank you so much Ms. Grace, you are truly an inspiration to me and to others for sure. Know that I’m really grateful to you and Bailewick academy. Being a baker is just a dream to me long time ago, and here I am now, baking and selling breads like hotcakes. It’s like almost 300 pieces of red bean and ube bread in just a day (tiring but happy) Please send my big Thank you to your team and special mention to Chef Jimboy. God bless you all and more power Bailywick Academy?
Thank you so much, Ms. Grace, for all the inputs/ideas you’ve shared with me. I learned so many things from your good heart and generosity. I am so much thankful that I came across Bailiwick Academy. Thank you for being part of the group and I am looking forward to being part of the many classes you offered. May God bless you more and more.
Thanks Ms. Grace! This will be a big help to me. GOD bless you more!