Candle Making Business Plan

Writing a good business plan is the linchpin to establishing almost any successful small business.

You will need to include market research and financial statements, as well as organizing and formatting your plan in a manner that is familiar to potential lenders and investors.

A good rule of thumb is to double your costs and charge that amount to your wholesale or bulk customers.

For direct sales you will want to triple your cost.

Your designs are limited only by your creativity and materials, but do yourself a favor and start with a limited product line.

A few options include: Learn which candles are your best sellers, and expand your product line from there.

Whatever design choices you make, be sure to write down all your recipes and formulas.

You will need to be able to reproduce your winners to precise specifications.

Others seek out investors, lines of credit, government loans, or grants.

Once you have accounted for all your expenses and know exactly how much it costs to produce each candle, you will be able to set your sale price.


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