Starting up any business is hard work, and a manufacturing one is no exception. You need the right equipment and skilled personnel. You also need to get the requisite paperwork from the relevant authorities. All this is required even before commencing.
The good news is that there are various steps you can take to make the process easier. On that note, here are three valuable tips for manufacturing startups.
1. Get a good mentor
When starting a business for the first time, you must study the ways of those before you. They have invaluable nuggets of information that will help you learn the ropes faster and meander around things better. Find out the hurdles they overcame and make moves for these same hurdles not to happen to you. You can also incorporate steps from their achievements into your strategy. In an industry that requires standards of the highest quality, this is more pertinent. It’s even advisable to study with them for a few months before starting your venture.
Let’s look at the example of a prospective supplement manufacturer. It’s vital to seek a mentor in the same field with years of experience to boast about. It’s also crucial to choose someone with the right academic and professional qualifications, who also has the right certifications in supplement manufacturing from the relevant authorities (e.g. the FDA). From such an individual, you can quickly learn the quality standards of good manufacturing practices. You can also pick up standard operating procedures to incorporate them into your manufacturing process.
2. Build a reliable supply chain.
You can’t operate the entire business process alone. You’ll need a dependable network of suppliers, workers, and distributors. This network must be able to churn out products of optimal quality consistently. Let’s say, for example, you want to produce custom molded plastic products that’ll be used to package nutritional supplements. Rubber molding is a lucrative business, but only when does right.
Firstly, you’ll need to find a dependable supplier that can provide raw materials and logistics of the highest quality. You’ll also need suppliers who can provide auxiliary needs (like your own label) at a competitive price. Most importantly, try to employ skilled personnel with the requisite GMP qualifications who also have custom formulation and custom packaging experience.
Lastly, you’ll need to find the right distributor for your finished products. Try to find a few trusted distributors instead of solely relying on one person. This technique gives you varied options and will increase competition between retailers to enhance sales. Your products will also have a varied reach as distributors try to widen their net to get a market. It’s important when picking distributors to select those with a track record of providing excellent customer service.
3. Establish systems to motivate employees
It’s a known fact that the more motivated you are, the more productive you’ll be. Creating an environment that motivates staff comes with so many advantages that are crucial to your brand’s growth and prosperity. One of these is the excellent publicity it’ll bring to your brand, which will also drive sales upwards.
Try to put in place work incentives that encourage productivity. This can be financial, material, or even professional. Let employees know that their personal development is vital for your brand. If you can afford it, offer the deserving ones scholarships in the manufacturing field. Even educational loans that’ll provide the requisite financial grounding for the studies are just as good.
Health care is another excellent incentive. Try to link up with insurance companies and health care providers to provide employees with adequate health covers at subsidized costs. You can also sign such deals with other companies that give needed services and products. For example, you can partner with private transportation companies to offer discounts for employees.