63. Microbakery Financials Made Simple: What Every Baker Should Know
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Pricing, bookkeeping, and tax prep aren’t exactly the most exciting parts of running a microbakery—but they are essential to building a profitable and sustainable business. In this episode, I sit down with Megan from Purple Elephant Group for a deep dive into bookkeeping, pricing strategies, and how to stay organized for tax season. Megan is a former bakery owner turned financial expert, and she’s here to break it all down in a way that’s practical, actionable, and easy to understand.
If you've ever wondered when to raise your prices, how to track your expenses, or whether it's time to hire a bookkeeper, this episode is packed with insights you don’t want to miss. We also cover how to handle waste, account for donations, and avoid common financial mistakes that could be costing you money.
Links to things we talked about:
Free Small Business Expense Spreadsheet: https://www.purpleelephantgroup.com/bread-winner-subscribe
Check out Relay, an online bank to manage business cash flow: https://relayfi.com/
The CakeCost app to help ensure that you're pricing for profit: https://www.cakecost.net/
Mentioned in this episode:
Try Sunrise Flour Mill Organic Heritage Flour
My kids have been DEVOURING the banana bread that I've been making with the Heritage White Flour, and my customers are so excited about the 50/50 Whole Wheat Heritage that I've added to my menu using the Heritage Whole Wheat Flour!
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