How to Start a Manufacturing Business: Plan, Ideas and Opportunities
Question: I am Christopher from New York. I have 3 years of work experience in the field of manufacturing. I need some information regarding to set up any small scale industry without leaving my job. My budget is 10,000 USD and I am expecting returns of more than 500 USD per month.
Please guide me, what should I do?
Answer: If you have some experience in the manufacturing field, you can have a good opportunity to start your own venture. Your experience helps you a lot. Especially if you step in to the same field of your experience, you can do it in a better way than the others.
So I would advise you to start the same business with which you have experience on a small scale. You will not have to run around to find the suppliers, transporter, processor etc. You can do it perfectly.
For those who have no experience, I would advise that they should have a feel of the market first.
Never start a business without having any experience and just by getting inspired by others’ talks.
There are so many options which can be started with a small investment. So the belief of not having capacity of a small investor to start a manufacturing unit should be demolished.
If you have any questions, you can ask your questions here.