14 Mar 2008 02:11:36 | Rick Boklage
Having been in the personal care manufacturing business for a
number of years I have some advise for those of you thinking
about starting a manufacturing operation.
First off some manufacturing basics.
Manufacturing is essentially the same no mater what product you
are producing. It is governed by supply and demand. The term
"manufacture it and they will buy" does not always hold true.
Manufacturing a product that was popular 25 years ago will not
necessarily sell in today’s market. You can however manufacture
a product that no one has seen before and with some creative
marketing create demand for that product.
So what is required to manufacture a successful product? Start
with the basics of any business, the business plan. This is
essential to the success of any business be it a manufacturing
or service based business. A business play will provide you with
important information such as:
* What your costs are going to be * Who are your suppliers *
How are you going to market your product * What distribution
channels will you use * What customer support will you need to
provide
A good business plan is my no means cast in stone. There is
always room for adjustment as you refine your process, find new
suppliers or change marketing channels.
Producing the product is the one step that requires the most
attention. Not having the right staff, process, equipment or
suppliers could bring your whole venture to an abrupt end. One
of the biggest costs in the manufacturing business is the labor
component. But having the right personnel who are dependable,
experts at what they do and take pride in their work are also
one of the biggest assets a manufacturing company. So take your
time to choose your staff.
In part 2 I will discuss the manufacturing process, equipment
and suppliers.
About Author :
Rick Boklage has been involved in the personal care
manufacturing business for a number of years. He recently
started a new website www.good-internet-ideas.com to provide a
one-stop resource for people wanting to start their own
business.