Select a business structure for your donut business

How do you want to organize your donut store? You could chose from one of many donut franchises or you might want to open a donut shop that is a stand-alone store. Donut franchises offer the benefits of a standardized operation, while a stand-alone donut shop provides you the freedom to choose your own business model.

I recommend: Identify the different types of donut shops that you can open. Some websites to check out are Donut Connection, Paradise Donuts and Dunkin’ Donuts. You can also find existing donut shops for sale on Business Nation.com.

Get training for running a donut business and making donuts

Donut franchises offer training in their business model, so you won't be left all alone. As an independent donut store operator, however, you may need training in operating a food service business. And if you're going to open a donut shop, you should know how to make donuts, right?

I recommend: Donutedvd will have you turning out professional donuts in no time. LaMar's Donuts offers an in-depth training program inside one of their existing stores. Daylight Donut offers on-site training and support.

Consider an out-of-the-ordinary donut shop

As you contemplate opening a donut shop, remember to look at unique opportunities where you can fill a niche. One option is opening a mobile donut shop. Setting up at craft fairs, auctions, fairgrounds and other venues means no permanent location with associated utilities and rent costs. If you want to try a really cutting-edge idea in the donut business, you might consider a donut vending machine. Just imagine providing customers with a fresh, hot donut in less than a minute.

I recommend: Lil' Orbits specializes in equipment for mini-donut concession stands and kiosks. Read success stories about how other operators are conducting business on their website. MONO is introducing a Hot Mini Donut Vending System. The possibilities for placement of these donut vending machines are limited only by your imagination.