{"id":7730,"date":"2020-03-18T13:59:28","date_gmt":"2020-03-18T12:59:28","guid":{"rendered":"https:\/\/rkjh.se\/en\/?p=7730"},"modified":"2022-05-13T13:35:28","modified_gmt":"2022-05-13T11:35:28","slug":"small-business-manufacturing","status":"publish","type":"post","link":"https:\/\/rkjh.se\/en\/blog\/2020\/03\/18\/small-business-manufacturing\/","title":{"rendered":"SMALL BUSINESS MANUFACTURING | THINGS TO CONSIDER BEFORE STARTING"},"content":{"rendered":"[et_pb_section fb_built=”1″ _builder_version=”3.22″ global_colors_info=”{}”][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

SMALL BUSINESS MANUFACTURING\u00a0<\/strong><\/h1>\n

THINGS TO CONSIDER BEFORE STARTING<\/strong><\/h1>[\/et_pb_text][et_pb_text _builder_version=”4.14.9″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]

<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.9″ _module_preset=”default”][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”4_4″][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

IDENTIFY WHAT IT TAKES IN STARTING A SMALL BUSINESS MANUFACTURING<\/strong><\/h2>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.9″ _module_preset=”default” column_structure=”3_5,2_5″][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”3_5″][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

Starting a manufacturing business involves a lot of commitments. Often manufacturing business calls for a up-front financial investment for specialized facilities, equipment and raw material. Identifying the proper human resource requirement and recruiting skilled personnel is also important. Manufacturing processes come in different shape and size, such as a manual, semi-automatic and fully-automatic operation.<\/p>[\/et_pb_text][\/et_pb_column][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”2_5″][et_pb_image _builder_version=”4.14.9″ _module_preset=”default” title_text=”viewing-machine-g5f8e05d29_1920″ src=”https:\/\/rkjh.se\/en\/wp-content\/uploads\/sites\/2\/2020\/03\/viewing-machine-g5f8e05d29_1920.jpg” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.9″ _module_preset=”default”][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”4_4″][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

MAKING A PRODUCT CHOICE IN SMALL BUSINESS MANUFACTURING<\/strong><\/h2>[\/et_pb_text][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

Selecting a right product is the most primary issue in getting success form manufacturing business.
In a project conceptualization stage while making a product choice following factors are related to product need to be considered:<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.9″ _module_preset=”default” column_structure=”3_5,2_5″][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”3_5″][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Product Line \u2013 Depth, Width
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Packaging
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Branding
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Warranties
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 After Sales Service
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Ease of availability of raw-material
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Process Technology
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Accessibility to the market
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Incentive and support from Government<\/p>[\/et_pb_text][\/et_pb_column][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”2_5″][et_pb_image _builder_version=”4.14.9″ _module_preset=”default” title_text=”question-mark-g5b849e4c6_1920″ src=”https:\/\/rkjh.se\/en\/wp-content\/uploads\/sites\/2\/2020\/03\/question-mark-g5b849e4c6_1920.jpg” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.9″ _module_preset=”default”][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”4_4″][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

If you are looking for a product that has export potential, the following additional factors need to be considered:<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.9″ _module_preset=”default” column_structure=”3_5,2_5″][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”3_5″][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Contents of export-product portfolio
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 special requirements for packaging to export the products
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 What product adaptations are needed to be made for exporting a product to a specific country.
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 WTO conditions involved e.g. \u201cchild labour free\u201d, ISO 9000 certified, GMP followed etc.<\/p>[\/et_pb_text][\/et_pb_column][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”2_5″][et_pb_image _builder_version=”4.14.9″ _module_preset=”default” title_text=”lightbulb-g64d779dff_1920″ src=”https:\/\/rkjh.se\/en\/wp-content\/uploads\/sites\/2\/2019\/02\/lightbulb-g64d779dff_1920.jpg” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.9″ _module_preset=”default”][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”4_4″][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

TECHNOLOGY & MACHINERY FOR SMALL BUSINESS MANUFACTURING<\/strong><\/h2>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.9″ _module_preset=”default” column_structure=”3_5,2_5″][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”3_5″][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

Choice of technology and process involves the selecting right machinery. Only a customized detailed project report can give you the solution about the machinery and process with project cost. For some complex products, a process knows how has to be imported. In such cases, agreements for technology transfer should be made with due care to safeguard interest. A lot of appropriate technology is being developed at CSIR and Defense Research Labs and some of this technology can now be bought. Indigenously developed process know-how has intrinsic benefits such as appropriateness and relative inexpensiveness.<\/p>[\/et_pb_text][\/et_pb_column][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”2_5″][et_pb_image _builder_version=”4.14.9″ _module_preset=”default” title_text=”technology-g46a2274c3_1920″ src=”https:\/\/rkjh.se\/en\/wp-content\/uploads\/sites\/2\/2020\/03\/technology-g46a2274c3_1920.jpg” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.9″ _module_preset=”default”][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”4_4″][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

ARRANGING FINANCE FOR SMALL BUSINESS MANUFACTURING IN INDIA<\/strong><\/h2>[\/et_pb_text][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

No manufacturing business can take off without monetary support. This need for finance can be classified into following types:<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.9″ _module_preset=”default” column_structure=”3_5,2_5″][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”3_5″][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Term Loan (long & medium term)
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Working Capital Loan
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Seed Capital
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hire Purchase Leasing For Machinery
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Angel Investment
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Loan Against Property
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Unsecured Business Loan<\/p>[\/et_pb_text][\/et_pb_column][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”2_5″][et_pb_image _builder_version=”4.14.9″ _module_preset=”default” title_text=”india-gb8bb6f9a9_1920″ src=”https:\/\/rkjh.se\/en\/wp-content\/uploads\/sites\/2\/2020\/03\/india-gb8bb6f9a9_1920.jpg” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.9″ _module_preset=”default”][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”4_4″][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

In arranging finance you must consider the several Government schemes and grant specially designed for SME. Regardless to the bank or types of loan, you are applying for, these documents are generally required for a loan application:<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.9″ _module_preset=”default” column_structure=”3_5,2_5″][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”3_5″][et_pb_text _builder_version=”4.14.9″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Documentation for Loan Application
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Balance Sheet and Profit Loss Statement for last three consecutive years of firms owned by promoters
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Income Tax Assessment Certificates of Partners\/Directors
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Proof of Possession of Land\/Building
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 An architectural estimate for construction cost.
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Partnership deed\/Memorandum and Articles of Associations of Company
\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Project Report<\/p>[\/et_pb_text][\/et_pb_column][et_pb_column _builder_version=”4.14.9″ _module_preset=”default” type=”2_5″][et_pb_image _builder_version=”4.14.9″ _module_preset=”default” title_text=”money-ga1be02759_1920″ src=”https:\/\/rkjh.se\/en\/wp-content\/uploads\/sites\/2\/2019\/04\/money-ga1be02759_1920.jpg” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]","protected":false},"excerpt":{"rendered":"

SMALL BUSINESS MANUFACTURING\u00a0 THINGS TO CONSIDER BEFORE STARTING Initiating a small business manufacturing in India is generally considered as an opportunity. Manufacturing opportunity produces a product that can generate sufficient surplus. The product plays an important role in the small business manufacturing operation. Setup and financing of a manufacturing business require in-depth planning and plentiful […]<\/p>\n","protected":false},"author":8,"featured_media":112221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"\r\n

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Initiating a small business manufacturing in India is generally considered as an opportunity. Manufacturing opportunity produces a product that can generate sufficient surplus. The product plays an important role in the small business manufacturing operation. Setup and financing of a manufacturing business require in-depth planning and plentiful resources. The manufacturing industry is also heavily regulated by different Government Authorities.<\/p>\r\n","_et_gb_content_width":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[317],"tags":[321],"class_list":["post-7730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-small-business-manufacturing","tag-financial-management-en"],"acf":[],"aioseo_notices":[],"yoast_head":"\nSMALL BUSINESS MANUFACTURING | THINGS TO CONSIDER BEFORE STARTING - Revisionskonsulterna J H\u00e4gglund EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/en.rkjh.se\/en\/blog\/2020\/03\/18\/small-business-manufacturing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMALL BUSINESS MANUFACTURING | THINGS TO CONSIDER BEFORE STARTING - Revisionskonsulterna J H\u00e4gglund EN\" \/>\n<meta property=\"og:description\" content=\"SMALL BUSINESS MANUFACTURING\u00a0 THINGS TO CONSIDER BEFORE STARTING Initiating a small business manufacturing in India is generally considered as an opportunity. 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Manufacturing opportunity produces a product that can generate sufficient surplus. The product plays an important role in the small business manufacturing operation. Setup and financing of a manufacturing business require in-depth planning and plentiful […]","og_url":"https:\/\/en.rkjh.se\/en\/blog\/2020\/03\/18\/small-business-manufacturing\/","og_site_name":"Revisionskonsulterna J H\u00e4gglund EN","article_published_time":"2020-03-18T12:59:28+00:00","article_modified_time":"2022-05-13T11:35:28+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/rkjh.se\/en\/wp-content\/uploads\/sites\/2\/2020\/03\/question-mark-g5b849e4c6_1920.jpg","type":"image\/jpeg"}],"author":"Revisionskonsulterna","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Revisionskonsulterna","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/en.rkjh.se\/en\/blog\/2020\/03\/18\/small-business-manufacturing\/#article","isPartOf":{"@id":"https:\/\/en.rkjh.se\/en\/blog\/2020\/03\/18\/small-business-manufacturing\/"},"author":{"name":"Revisionskonsulterna","@id":"https:\/\/rkjh.se\/en\/#\/schema\/person\/90102e8fba59a0b65c7d9c498d61e3d8"},"headline":"SMALL BUSINESS MANUFACTURING | THINGS TO CONSIDER BEFORE STARTING","datePublished":"2020-03-18T12:59:28+00:00","dateModified":"2022-05-13T11:35:28+00:00","mainEntityOfPage":{"@id":"https:\/\/en.rkjh.se\/en\/blog\/2020\/03\/18\/small-business-manufacturing\/"},"wordCount":1363,"image":{"@id":"https:\/\/en.rkjh.se\/en\/blog\/2020\/03\/18\/small-business-manufacturing\/#primaryimage"},"thumbnailUrl":"https:\/\/rkjh.se\/en\/wp-content\/uploads\/sites\/2\/2020\/03\/question-mark-g5b849e4c6_1920.jpg","keywords":["financial management"],"articleSection":["SMALL BUSINESS MANUFACTURING"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/en.rkjh.se\/en\/blog\/2020\/03\/18\/small-business-manufacturing\/","url":"https:\/\/en.rkjh.se\/en\/blog\/2020\/03\/18\/small-business-manufacturing\/","name":"SMALL BUSINESS MANUFACTURING | THINGS TO CONSIDER BEFORE STARTING - 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