Question: Hi, I am a housewife, I want to start a business in manufacturing of Copper and Iron wires, and I want to know…
- How much Investment and the space and labor required for it?
- Will it be time consuming and what is the scope of profit and sales in the world?
- I have a passion for writing business proposal but do not know whom to approach and how to go about getting to meet the right people regarding it.
- I am very good at Event Management and love to work in something related to Furniture making or landscaping but what chances are there for a success in Today’s world for it
Manufacturing Business Plan and Opportunities
I want to know if there are any good Institutions or short term courses for Training in the above mentioned fields.
And I will really appreciate your comments and suggestion in starting my own manufacturing business from home. Right now I am just exploring opportunities and ideas of manufacturing business.
If you have similar passion as mine, please feel free to share it here in comment section, I would really appreciate your thoughts and ideas.
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.
They should have visits of manufacturing units, markets etc. That will help you to gain some experience about the field and you can move on with your plan.
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.