Is it a good idea to start a home baking business in Singapore?
I thought of updating this post after reading an article on The Strait Times.
The title of the article was “Home-based businesses an important source of income for many families: President Halimah“.
In the article, it was stated:
Home-based businesses are an important source of income for many families, especially when the coronavirus pandemic has cut into household income, said President Halimah Yacob in a Facebook post on Friday (May 1).
If you want to start a home baking business, what are the requirements?
Do you need a license to start a baking enterprise at home in Singapore?
So what I did was head over to Google to do some research online.
A lot of the answers to my legal related questions were found on Singapore Legal Advice website.
In terms of licensing, it seems you do not need a license to start a home baking business.
Some of the guidelines in the home-based small scale business scheme are:
1) You cannot register your HDB flat address as your business address
2) Be considerate to your neighbours
3) No recruiting of employees outside of your household
4) No loading/unloading of goods via vans or trucks
5) No putting up of signboards or paid ads
6) No selling of food at stalls
As a person that runs my own home-based online business, the requirements above (other than number 2) have answered by initial question in the article.
No, it is not a good idea to start a home baking business in Singapore.
If you were to fulfill the requirements above, the potential for your baking business will be very limited and small.
I doubt you will be able to generate sufficient income to worth your time and effort.
Is there a better alternative to a home based baking business in Singapore?
Yes, there is.
It is the new and growing Wearable Technology field in Singapore.
If you want to know more about Wearable Technology, just send a WhatsApp message to my number below and I’ll share more with you.