Setting a manufacturing-based business is a very big task in itself. It includes an array of procedures and methods to find the different elements of amenities that are required for any business. Setting up a business includes many risks, and that is the reason the background or the base should be strong enough to control and protect the business from its downfall.
The pre-plans of business include various things like a proper business plan, investments from the investment, approaching business incubators and accelerators, crowdfunding and crowdsourcing, and sometimes even the hiring of the in-house team of employees to regulate the company. Such teams can be the management team, team of transportation, legal team, marketing team and etc.
If the manufacturing-based business is a small-scale business then there are many sources of crowdfunding for small businesses in India. Many fundraising sites are there that can help the business out through many financial crises and problems. India offers the top fundraising sites that help the startup business and the small scall businesses to flourish and run at a double speed as before.
But if spoken about crowdsourcing then it is way easier and efficient to have in-house employees because they help in regulating all the manufacturing work from a ground level. All these aspects must be taken into count before starting a business because it is believed that one wrong step in business can cost the entire business capital and even more than that. Every penny essential in a business and every expenditure must be given an equal amount of attention.
Making sure and taking in count about all the preplans that are required for any business, the actual business plan begins, when it comes to actually implement in the real world of market competition. Let us see how these preplans get implemented through the basic and most important amenities of any business.
The foremost thing behind establishing a manufacturing-based business always has to be a factory. But the factory can not be established anywhere. Proper location of the premises where the factory will be established should always be taken into count. Because the impact of the location falls on the manufacturing, raw materials, accessibility to the market, transportation cost, labor accessibility, impact on the local people of the respective region, environmental conditions of the region and also to the owner of the business. Every single aspect is linked with this foremost point. An ideal location of the factory always has to be a location where all these amenities become facilities.
Raw Material includes everything that is required to produce any good and services. The raw material could be materialistic, or even the terms of unseen services thorough human mind and technology. The factory should be based on such a place where the accessibility to the source of raw material can be efficiently established because it can reduce a lot of transportation costs.
To process the raw material and to make the types of machinery functional, labors are highly required. The Labour should be skilled, well versed with the types of machinery, raw material, processing, and the final product. The accessibility to skilled labor and their wages should always be taken into count.
The cost of machinery is high, and every single type of good requires different kinds of machinery. Since they are high in cost, but the optimum use of the machinery has to be done keeping in mind the durability and functionality of the specific machine. The machines should be highly maintained and have to kept operational to avoid it going to the junkyard at a lesser time.
Accessibility to the market
The factory must always be accessible to the nearby market. Or the location should always be there where the demand for the product which is been produced is high. When the market accessibility becomes efficient then, then it can be clearly decided which kind of product to produce and in what quantity, the density of demand in the customer of that market, and also the relations with the traders and sellers of that market can easily be established
In Any manufacturing based business requires a good transportation facility because of loading and unloading of various raw material and also the final product. If the manufacturing-based business includes the production of any food item then it needs a preservation facility in the transportation system. The business should aim at reducing the transportation cost by setting up the factory at an ideal location.