How to open a small production

Any type of business involves a certain risk and liability. Small production is not an exception. If you are ready to accept responsibility and invest a considerable amount of money, this type of business is for you.

You will need

• - Business plan;

• - documentation;

• - staff;

• - production capacity;

• - office;

• - financing;

• - suppliers of raw materials.

Instruction manual

1

Decide which products you will produce in the small enterprise. Do this before looking for employees or partners. Keep in mind that production of toys, video games or feed requires different capacities. Once you have decided on the products, make a list of the necessary raw materials and find suppliers.

2

Identify sources of financing for small production. To do this, create a competent business plan in which you indicate the initial costs of equipment and production, expenses for salaries, potential profits, etc. Submit it to local banks. The loan should slightly exceed the initial level. Show sponsors documentation of equipment, vehicles and other assets that will be used as collateral for a commercial loan.

3

Choose a manufacturing facility with existing infrastructure that meets your business needs. Find a finished building with a conveyor, offices and basements that are easy to customize to the specifics of a small business.

4

Gather the necessary documentation, get permissions from local authorities. Examine local, state, and federal environmental laws and regulations for this type of business. Get permission to dispose of hazardous waste. Settle environmental issues that are in the law. Create a waste management plan without compromising the environmental integrity of forests, rivers, and air.

5

Hire a few executives, along with conveyor workers. Schedule in three shifts of eight hours. Assign shift workers to maintain 24/7 production. Decide on goals for each stage of the product creation process and move towards them every day.

6

Outsource specific business areas to reduce overhead. These areas include: marketing, post-production implementation of products and accounting. Focus only on production.