I'm just curious as to when everyone decided it was time to "open shop"? Did many of you go to school, and opening a bakery was the next natural step, or is it because many people told you to start a business. This is something that I'd like to possibly do in the future, but I don't have any formal training (only been doing this for less than a year). I have many people wanting cakes, and telling me that I'm good and I should start a business, but how do you truly know you're good enough and not just wasting time and money? I'll just stick to doing this for a hobby for now and practice, practice, practice!

First evaluate if you know how to run a business or if all you know is how to make cakes. Two different animals ..... two different functions ..... two different set of skills.

Many folks who are awesome decorators can't balance a checkbook and shouldn't even begin to contemplate the idea of running a business.

What is your business background in .......
HR
Purchasing
Accounting
Logistics
Scheduling
Cost Analysis
Supervision/Management
Sales

Etc.