Any type of business involves certain risks and obligations. Small production is no exception. If you are ready to accept responsibility and invest a considerable amount of money, this type of business is for you.
It is necessary
- - Business plan;
- - documentation;
- - staff;
- - production capacity;
- - office;
- - financing;
- - suppliers of raw materials.
Instructions
Step 1
Decide what kind of products you will make in your small business. Do this even before looking for employees or partners. Please note that different capacities are required for the production of toys, video games or food. Once you've decided on a product, make a list of the raw materials you need and find suppliers.
Step 2
Identify sources of financing for small production. Create a competent business plan for this, in which you indicate the initial costs of equipment and production, salary costs, potential profits, etc. Submit it to local banks. The loan should slightly exceed the starting point. Show sponsors documentation of equipment, vehicles, and other assets that will be used as collateral for a commercial loan.
Step 3
Choose a manufacturing facility with existing infrastructure that meets your business needs. Find a finished building with assembly line, offices and basements that is easy to customize to fit your small business.
Step 4
Collect the necessary documentation, obtain permits from local authorities. Review local, state, and federal environmental laws and regulations for this type of business. Obtain permission to dispose of hazardous waste. Resolve environmental issues that are in the legislation. Create a plan to dispose of waste without compromising the ecological integrity of forests, rivers and air.
Step 5
Hire several leaders, along with the assembly line workers. Make a schedule of three shifts of eight hours. Assign employees to shifts to maintain 24/7 production. Define goals for each stage of the product creation process and move towards them every day.
Step 6
Outsource specific areas of your business to reduce overhead costs. These areas include: marketing, post-production implementation of products and accounting. Concentrate only on production.
