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Starting a Manufacturing Company

Starting a manufacturing company can be a very exciting endeavor, but one that requires careful planning and attention to product safety. Many people consider the entrepreneurial route, but it is a risky road to take, especially if you don't set yourself up for success.

Manufacturing | The U.S. Small Business Administration |

Loans are commonly used for start-up and small expansion projects. ... Companies that fail at lean manufacturing often treat the symptoms rather than taking ...

Starting and Running a Manufacturing Business - BizFilings

Starting a manufacturing business is not a decision to be taken lightly . .... manufactured product and the manufacturing company as a whole . Protecting your ...

Making Money by Making Something, Manufacturing Article |

Oct 2, 2002 ... Here's how to get your start as a manufacturer. ... In other words, over 93% of all manufacturing companies had fewer than 100 employees, and ...

How to start a manufacturing business | Smarta

While starting up, some manufacturing businesses may be able to operate out of your .... However, you will need to leave enough money for the company to ...

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Manufacturing | Business Idea Center - Entrepreneur

Manufacturing business ideas that you can start today from

Advantages & Disadvantages of Starting a Manufacturing Company ...

Many manufacturing companies may have their factories in China, although still be registered as U.S. companies. Starting a new manufacturing company has ...

Free Manufacturing Business Plans | Bplans

Need a sample business plan for a manufacturing, fabrication, or production business? ... Start your 7-day free trial today. ... Martin Cove Brewing Company.

11 worst businesses to start in 2012 - The Orange County Register

Feb 4, 2012 ... California alone has lost 626,000 manufacturing jobs in the past ... "There are still opportunities for companies to investment in, niche markets.".

How to Start a Manufacturing Company | eHow

Apr 17, 2014 ... How to Start a Manufacturing Company. Some companies manufacture and distribute their own products, some companies manufacture under ... How to Start a Manufacturing Business - A Step by ...

How to Start a Manufacturing Business - A Step by Step Guide to Starting a New Small Manufacturing Company - Kindle edition by Meir Liraz. Download it once ...

Starting Your Own Manufacturing Business

The basics of starting your own manufacturing business and five steps to realize your business idea.

Starting a Manufacturing Company

Launching a manufacturing company isn’t for newbies. If you don’t have personal experience in the field, consider partnering with someone who does. Grappling with the regulatory issues alone can be daunting, even for longtime manufacturers. On the plus side, you don’t have to be a major manufacturing powerhouse to thrive. According to the National Association of Manufacturers, today, more than 99 percent of U.S. manufacturers are small and medium-sized companies. 

Among the benefits and challenges you can expect in your company’s early stages:
  1. Big manufacturers are increasingly turning to smaller companies to supply components.
  2. Customers often seek out small manufacturers when they need a quick turnaround and personal attention to their needs.
  3. One of the growing concerns facing small and mid-sized U.S. manufacturers: it’s getting harder to compete with overseas manufacturers.

Show me the start-up capital

If you need seed funding to get your business off the ground, should you take out a bank loan? Look for an angel investor? Borrow from relatives?

Have a plan

Investors expect to see a solid business plan. Even if you’ve already got your funding in place, you need a business plan to keep you on track.

Lease a workable space

When evaluating potential facilities, consider every aspect of your business—from the amount of electrical power and storage space you’ll need, to whether drive-in truck access is important.

Mind your rules and regulations

According to the National Association of Manufacturers, manufacturers pay 81 percent more in regulatory costs than do other types of businesses. Before you set up shop, find out what you need to do to comply with national, state and local regulations.
The U.S. Occupational Health & Saftey Administration spells out safety guidelines for workers. If you have international customers or business partners, consult the National Association of Manufacturers International Standards and Regulatory Policy.

Equip your facility

New technologies are streamlining some processes and making others obsolete. If you aren’t sure what your plant needs, consult with a manufacturing engineer.

Hire a sales rep

If you can’t afford to hire a sales staff to contact and service your customers, consider contracting with independent sales reps.

Market your products and services

Promote your company on the Web and elsewhere by spotlighting the benefits you deliver to customers.

Hire skilled workers

Casting a wide net will improve your chances of landing the talent you need.

Keep up with issues and trends

Nanotechnology and international trade may not affect how you do business today, but stay tuned. You can’t remain competitive unless you keep pace with the many forces that impact manufacturing.
  • Protect your intellectual property. Ask contractors to sign a non-disclosure agreement. Also, don’t allow camera phones in the areas of your plant where proprietary processes or other sensitive information could be photographed.
  • One way to reduce inventory costs is to conduct a make-or-buy study of costly parts. You might find that manufacturing some parts in-house would be more cost-effective than purchasing them.
  • When looking for a facility, consider the location. Is it close enough to major highways for deliveries to get in and out with minimal headaches? Can workers conveniently access public transportation?

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