Oh mamas, I'm more than happy to share what I have, but I'd be afraid to! You'd run away scared!!
You know that one commercial where the girl holds up this HUGE honkin' print out and says "I make my own spreadsheets"? That's kinda what mine are like! But it works for me!
Here's a small example for eggs. First two columns are date and price. "Diff" is the difference in price between the last two purchases. then the % of increase between the last two purchases. Running Increase is a running total of how much they have gone up between first-ever purchase and most recent purchase. Running % is the percentage of increase between first-ever purchase and most recent purchase.
. . .and this is where my eyes glazed over. . .
I started a spreadsheet like this and then . . . well . . .I know that this level of detail is essential to maximizing your profit but . . . well . . . its ANOTHER FULL TIME JOB!
I am on my knees waving my hands up and down in homage. I aspire to such exactitude!
melodyscakes Forum Fanatic
Joined: Apr 04, 2005
Posts: 1175
Location: kansas city
Posted:
Tue Jul 01, 2008 11:31 am
wow Deb....very impressed!
I am not a numbers geek....and couldn't even tell you if I've made a profit or loss as of yet, I let my accountant handle that!!
head hurts thinking about all those numbers!
haha
marmalade1687 Frequent Member
Joined: Nov 05, 2005
Posts: 256
Location: Ottawa, Ontario
Birthday: Aug 15
Posted:
Tue Jul 01, 2008 1:20 pm
My profits have gone up this year, even though gas prices are hitting everything. Couples are still getting married, and I do notice that they are still ordering the medium to large cakes from me. Fondant is more popular this year than it ever has been - so brides are willing to spend more on their cakes for it.
The one thing that I am noticing on some wedding message boards is that some brides are opting not to have a wedding cake at all - not sure how this will affect my business in the long run, and I am not sure if it is just a fad...I am still booking up quickly for 2009!
indydebi Forum SuperStar!
Joined: Jul 07, 2006
Posts: 14324
Location: Indianapolis IN
Posted:
Tue Jul 01, 2008 6:05 pm
Mamas wrote:
. . .and this is where my eyes glazed over. . .
That's what my hubby says and HE spent 25 years as a banker!
marmalade, do the articles indicate if the brides are REPLACING the cake with something else .... pies, dessert table, choc fntn .... or just omitting "the big dessert" altogether?
Mamas Frequent Member
Joined: Apr 13, 2006
Posts: 310
Posted:
Tue Jul 01, 2008 6:50 pm
Hey marmelade are they replacing the cake with cupcakes perchance? All I seem to get requests for are cupcakes these days. Just wondering.
marmalade1687 Frequent Member
Joined: Nov 05, 2005
Posts: 256
Location: Ottawa, Ontario
Birthday: Aug 15
Posted:
Wed Jul 02, 2008 5:31 am
About 20% of my wedding orders are for cupcakes, but that changes each year - sometimes it's a little more, sometimes it's a little less, but it averages out to 20% overall. This year (2008) brides are going for the big, stacked cakes...cupcakes are out (in my area anyway!) - I am sure each area has their own trends! For 2009, I am beginning to get more requests for cupcakes, so we'll have to see what the trend works out to be.
The brides that are choosing not to have wedding cake are choosing candy buffets (these are becoming really big here), dessert buffets (ie. pies, squares, etc.) or chocolate fountains (although not so much on the chocolate fountain anymore either). Again, this is in my area - could be different in other areas!
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But it works for me!
