Category: Baking Industry
- Four Key Strategies to Boost Your Bakery’s Profit MarginsMost bakeries aim for a 70% gross profit margin and 30% cost of goods sold (COGS)—but many fall short without realising why. In this short video, we explore four areas that can make a big difference to your profitability: Cost of Goods – Are you reviewing supplier costs and shopping around? Product Mix – Are…
- Maximise Bakery Profits: Essential KPIs and Tips for SuccessIn his latest video, Glenn shares advice on running a successful bakery, starting with knowing your numbers. Discover how to track and optimise key performance indicators (KPIs) like staffing costs, cost of goods, customer flow, and average spend. Learn practical tips to reduce wastage, streamline operations, and make small changes that drive big improvements in…
- Navigating Profitability in the Baking Industry During Economic TighteningIn a challenging economic climate, managing a baking business requires keen attention to key drivers and KPIs. Learn how to adapt by optimising costs, adjusting pricing strategies, and staying informed about industry changes. Discover strategies to keep your business successful and profitable even as costs rise in Glenn’s latest video. Find out more about Sharp…
- Baking Industry Insights: Boosting Profits Through Average Spend Per CustomerDiscover how a slight decrease in the average spend per customer can significantly impact your bakery’s profitability. In this video, Glenn analyses a case study where a bakery experienced a drop in profitability despite stable customer numbers. Learn strategies to increase per-customer spending, such as upselling and cross-selling, inspired by successful examples like McDonald’s. Implement…
- Bakery Industry – Maintaining Margins