Soap Making Entrepreneur – Making Soap from Scratch
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unless you seriously want to start a soap making business with all that starting any small business entails!
If it was it would be called ‘Turn your Soap Making Hobby into a Business in 10 Easy Steps’.
Starting a small business is serious stuff, and I am not going to lie to you and tell you that it is easy. Or that you will get rich within days!
If that is what you are looking for, ‘Soap Making Entrepreneur’ is not the book for you!
Starting a small business is not for the faint hearted. It is hard work and even for very experienced soap makers turning your craft into a business will require you to learn and master new skills.
If you are intending to start a business selling handmade soap, knowing how to make it ? and make it well, is a definite prerequisite!
To research you business idea, you need to look at the external environment (the market you will be entering) and work out how your new business can and will respond to the needs, challenges and threats that exist within the market.
One key element of your business model to evaluate is the start-up profit potential. Can your business model earn you the profit you require or will it end up being a money pit?
Funding for your small business may be available from a variety of sources. The way you decide to raise the finance for your small business is one of the major choices you will face.
Unless you intend to keep your soap making enterprise as a hobby, you will need to do one or two things to set up officially as a business.
Firstly you will have to decide which business structure is right for your business, and select and register a business name. You also need to find a home for your business. Is your kitchen big enough or will you have to find business premises? Then there is record keeping, and registering as a business with the tax office and organising business insurance.
Finally as soap manufacturers are regulated (at least in Australia), you will also have to investigate what licenses, permits or registrations you need to operate a soap manufacturing business.
Managing supplier relationships is an important aspect of running your new small business, particularly if you are a retailer. But no matter what type of business model you decide to run with, you will have to deal with suppliers!
One of the make or break decisions you make for your business will be the type of products you develop for sale.
Many soap makers base these decisions purely on the type of products they enjoy making and can make really well, and it is just a lucky coincidence if they manage to find a market for those products!
One of the most important tasks during the start-up phase for your new business is writing a small business plan.
Business Planning is one of the most important, but frequently overlooked, or poorly done management tasks of anyone starting or managing a small business. Even though it is a lot of hard work to put together a plan, there are quite a few very good reasons for gritting your teeth and just getting on with it.
When you have managed to work your way through each of the chapters in this book, you now have a well developed model for your business and you are satisfied that you can and will make money.
You will have developed your product line, worked out where to source your soap making supplies and organised the packaging for your products.
You will have registered a business name and satisfied all of the legal requirements in your jurisdiction and you know how and where you are going to sell your soaps.
I hold several post graduate qualifications in Commerce, Workplace Learning, and Business Management (B.Com (Hons) M.Ed CPA LCA – just in case you were wondering).
I am a CPA (certified practicing accountant for those that don’t like acronyms), and over the years I have managed to gain experience in nearly all aspects of business management, strategic management, and management accounting. I have held positions as diverse as:
For more information on my qualifications and work experience over the last ten years or so, please feel free to go to visit one of my other sites www.noarlungahypnotherapy.com.au and check out my bio.
Are you looking for a good book on soap making? Or perhaps you need to locate suppliers for soap making ingredients? Check out this appendix for some of my favorites.
In this section you will find three of my basic soap recipes. At least 80 percent of all the soaps I produced are made using one of these three recipes.
If at any point during the first 60 days you are not completely satisfied with Soap Making Entrepreneur.
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