Pros:
1. Low startup costs – A cupcake business does not require expensive equipment or a large space, allowing for low start-up costs.
2. Increasing demand – The demand for cupcakes is steadily increasing as people appreciate the convenience that they offer when planning parties and events.
3. Creative possibilities – A cupcake business provides the opportunity to be creative and explore different flavors, colors, and decorations.
4. Flexible work hours – With a cupcake business, you can easily decide your working hours based on customer demand.
Cons:
1. Low profit margins – Cupcakes are typically sold at a low price, which can make it difficult to turn a profit.
2. Time consuming – It takes time to create cupcakes and decorate them to meet customer specifications.
3. High competition – There are many businesses offering similar products, so it is important to differentiate your product in order to stand out.
4. Food safety regulations – Depending on where you live, there may be food safety regulations that need to be adhered to in order to operate a cupcake business legally.