Manufacturing is the backbone of businesses large and small. While it will without a doubt cost a substantial amount of money to launch a new manufacturing company, your business could reap considerable rewards when executed well.
Unfortunately, not every manufacturing entrepreneur has the right mindset or approach when launching a new business. If you want to ensure your business is productive, safe and profitable, here’s how to get off to a successful start in manufacturing.
It’s almost impossible to go it alone in manufacturing. To succeed, you will need to develop a strong network of contacts to ensure your company’s growth. It is a tactic that can help your business build important relationships, find a helpful support system, and discover new sales leads. So, make time to network with key figures in different industries both offline and online.
While you might be tempted to choose a premise based on cost, you must consider how your location could impact your sales and overheads. For example, a business off the beaten track might be lower in price, but the increased fuel mileage could impact your bottom line.
Select a location that is both accessible and offers great transport links, so your drivers can quickly and easily get onto the road for distribution. Also, ensure it is easily accessible for your employees traveling by car or public transport. The area should also welcome vehicles of all sizes, so you will not limit your business.
The factory of the future is also just as important as the company’s location. Improve efficiency, safety, and productivity by avoiding squeezing in both your employees and equipment into a small building. You must consider how much floor space you will need to operate successfully, and whether the factory could accommodate future expansion.
Lighting precision is essential in manufacturing, as it can improve productivity and on-site employee safety. That’s why manufacturers must invest in the right lighting to illuminate their workshop. For example, Sompor specialize in providing their customers with precision lighting distribution for various installation heights, such as LED high bay light systems.
Recruiting the wrong members of staff could lead to missed deadlines, slow productivity, or major mistakes. It’s vital to hire the right employees to ensure the smooth running of your business. While you should look for the appropriate qualifications, you must also hire passionate staff who believe in your brand and business goals. If you employ the wrong people, it could cost you more money to hire staff to fill the essential roles once you’ve filtered out the bad employees. With this in mind, carrying out DBS checks with companies like CRB Direct becomes essential to the hiring process.
Streamline your operations by investing in the right technologies for the factory floor. For example, automation is becoming an increasingly popular manufacturing tool, as you can introduce robots that can undertake repetitive tasks precisely, which can lower your costs and boost production.
