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February 22, 2017
Techstars Atlanta Director flying to Nigeria to meet Hottest Tech Startups
Techstars Atlanta Director flying to Nigeria to meet Hottest Tech Startups
February 22, 2017

Running A Factory Isn’t All Just Fun And Games: There’s Some Real Work To Do

Thinking Big: How to Grow Your Business With a Factory Investment

A lot of small companies have big aspirations when it comes to manufacturing their own products. Making your own goods and selling them seems like a romantic notion; but, it’s entirely possible for a small company to open up their own factory. It takes a lot of work, and you’ll need some investment. But, once you have the plant up and running, you’ll be saving money everywhere. So, it’s worth at least considering. To help you out, this post will be going through some of the things that need to be considered when you’re thinking about opening a factory.

When you have loads of machines making products. And, boxes upon boxes of stock to store. It can be hard to make sure that you have enough space for your factory. But, when working in a fast-paced environment like this, there isn’t always room to find space as you need it; it always has to be there. So, when you first start out, you need to make sure that you choose a place with enough space. If you don’t, it could be hard to do your daily work. Or, it could cause your productivity to take a massive hit. Finding a property with enough space for your plant will usually take the help of a professional business estate agent. They will be able to help you find properties that match your description. While also helping you to stay within your budget. Without help like this, it can be very hard to find a new place for your business.

Once you have somewhere for your business to run, you need to start thinking about the tools that you will be using. Sourcing these tools might be hard when you’ve got a lot of other planning to do. But, you’ll have to do it. Research is key at this point to ensure that you always go with the very best options. For example, if you’re looking to start using plastic injection molding, you’ll need to evaluate the costs of injection molding options available to you. And, make a decision best on the best value options. Value doesn’t always mean that you’re getting the cheapest option. Instead, it means that you’re getting the best features for the best price. Of course, the amount that you spend here will be dictated by your budget. But, most businesses can find funding for this sort of endeavor if they need it.

Once you have some machines ready, you’ll need some staff to man them. Hiring staff can be a grueling process, that takes a lot of work and time. So, you need to be working on ways to minimize the pressure. Thankfully, it’s nice and easy to have this work handled for you. A recruitment agent will be able to help you find new staff members without having to get you involved at all. Of course, you will probably want to interview your staff. But, this will be the only part that you have to handle.

Hopefully, this will inspire you to start working on your own factory. If this sounds like too much work; then it probably is. This sort of business is hard to get started and will take a lot of time. You need to be dedicated to the business and what you’re doing. Otherwise, you won’t get very far.

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Kunbi Tinuoye
Kunbi Tinuoye
Kunbi Tinuoye is the founder and CEO of UrbanGeekz. Previously, she worked as a News Correspondent for NBC’s theGrio. Prior, she was a senior broadcast journalist for the BBC in London. Tinuoye currently sits on the SXSW Pitch Advisory Board and CES Conference Advisory Board. She is a key player in the Atlanta tech startup ecosystem and serves as a mentor for Comcast NBCUniversal’s The Farm Accelerator. Tinuoye has received several awards and accolades, including being honored with a Resolution from the Georgia Legislative.
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