If you’re thinking of running a manufacturing startup, you’ll know that the idea of creating a facility that turns out hundreds of products per hour is daunting. There’s a lot to get organized, and you’ll be bearing a lot of the risk on your shoulders. But you’re considering the business in the first place because you think that the payout will be huge – as it often is for manufacturers. As such, this guide is all about giving you the confidence you need to follow through on your startup, helping you create a manufacturing firm in 2021.
Before you consider anything else, you’re going to need to pick a location for your firm. This might seem a no-brainer, but it’s actually one of the trickiest and most important decisions you’ll make for your company. You should consider basing your firm where labour and electricity are cheap, to reduce overheads. You should base it where rent is low, or where government subsidies are in place to draw in new businesses like your own. You will want your firm to be based where there are good transport links, and close geographical links to the key material supplies you’ll be using in your facility.
Now, let’s look at the facility itself. Most manufacturing plants are situated in fairly mundane-looking rectangular warehouses, and yours will likely follow this pattern. But what you’re really going to need to concentrate on here is space: how much space are you going to need to work at the capacity you’ve envisaged for your firm? If you’re unsure, it’s always worth renting a larger space, because a space that’s too small can be a disaster for your productivity.
With the location and facility set up, it’s time to fill it with machinery. And this machinery needs to be top-of-the-range in order to run as effectively and efficiently as possible, with few outages that can cost you thousands of dollars a minute. Look to modern waterjet cutting machines for your material shaping, modern conveyors to transport goods, and modern automated robotic arms to get products put together once the raw materials are processed. All of these cost significant one-off sums, so it’s important you have the cash to go ahead with this stage of your startup.
As you’re building your machinery, you’re going to need to bring in trustworthy and reliable personnel with factory floor experience. These individuals will need to be able to intervene when something goes wrong on your production line, and should be web trained in health and safety and common factory rules and regulations. You should, in particular, look to bring in smart mechanics who you can rely upon to fix your machines when things do inevitably go wrong. Getting these staff in early will help you get ready for the first day on which all of your machines are switched on for the first time.
Manufacturing startups take a huge amount of initial investment – but those brave enough to go ahead with it, following the above tips, can reap significant returns for their efforts.