Morningstar Bakery

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Specialty Baker Business Plan

Management Summary

Donna Sharp is the founder of Morningstar Bakery. She brings to the bakery her experience as a baker and as an entrepreneur. She has worked as a baker for over 10 years including two years as an apprentice in a well-known Paris patisserie. As a teenager she helped her parents at the family's general store, both in sales and marketing. For her last two years at her family's store, she was the general employee manager. Her duties at the bakery will include employee hiring and training, head baker and store management.

Donovan Bailey has run his own successful CPA consulting firm for 15 years. His duties will include the bookkeeping, inventory management and stock fulfillment.

Tara Juniper-Reid runs her own PR company and will be assisting the Morningstar Bakery in its marketing campaigns on a part-time basis.

Lucy Hamilton has worked as a baker for over five years and will be the assistant baker. Her responsibilities will also include the management of the bakery shopping list.

6.1 Personnel Plan

Once the bakery becomes established and the cash flow is steady, we would like to hire one person for counter help and another assistant baker.

The table below illustrates the needs of the current employees, plus the integration of two more employees within three months of operation. The new hirings will coincide with the opening of a lunch menu and coffee bar which will most certainly require more help.

Personnel Plan
Year 1 Year 2 Year 3
Donna Sharp - Head Baker $24,000 $26,400 $29,040
Lucy Hamilton $21,000 $23,100 $25,410
Tara Juniper-Reid - Part-time $9,000 $9,900 $10,890
Counter Help - Full Time $18,000 $19,800 $21,780
Assistant Baker - Part time $9,000 $9,900 $10,890
Donovan Hamilton - Bookkeeper $24,000 $26,400 $29,040
Total People 6 6 6
Total Payroll $105,000 $115,500 $127,050