Bizmove Business Guides

How to Start a Manufacturing Business | Free Book PDF Download

Starting a Manufacturing Business

 

How to Start a Manufacturing Business - Free Book


Are you considering starting a Manufacturing Business? if yes, you'll find this free book to be extremely helpful.

This is a practical guide that will walk you step by step through all the essentials of starting your business. The book is packed with guides, worksheets and checklists. These strategies are absolutely crucial to your business' success yet are simple and easy to apply.

The Single Most Important Ingredient for Business Success

The first and most important thing you need to acquire in order to succeed in a small business is... knowledge.

Sounds exaggerated? Listen to this...

According to research conducted by Dun & Bradstreet, 90% of all small business failures can be traced to poor management resulting from lack of knowledge.

This is backed up by my own personal observations. In my 31 years as a business coach and consultant to small businesses, I've seen practically dozens of small business owners go under and lose their businesses -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work.

Conclusion: if you are really serious about succeeding in a business... If you want to avoid the common traps and mistakes... it is absolutely imperative that you acquire the right knowledge.

"Why Invent Mediocrity, When You Can Copy Genius?"

That's an excellent quote I picked up from a fellow business owner a few years back. What this means is that you should see what is working and try to duplicate Printing Business. Why go through all the trouble of inventing something new, that you don't even know will ever work, when you can easily learn from and duplicate something that has been a proven success?

[ Note: One of the BIGGEST mistakes almost all new businesses make is that they WASTE tons of valuable time, energy and money on trying to create something "new", that has never been tested or proven... only to find out later that it was a total loss. Don't make the same mistake! ]

Hi! My name is Meir. I'm the founder and president of BizMove.com, a successful internet based information business. I'm also the author of numerous books, mostly in the area of small business management.

I've been involved in small business for the past 31 years of my life, as a business coach, manager of a consulting firm, a seminar leader and as the owner of five successful businesses.

During my career as a business coach and consultant I've helped dozens of business owners start their businesses, market, expand, get out of troubles, sell their businesses and do practically every other small business activity you can think of.
You see, I have been there .... done it ... and bought the Small Business t-shirt! -- This free book contains techniques and strategies I've learned during my 31 year small business career.

Here's what you'll discover in the 'How to Start a Printing Business' book:

How to determine the feasibility of your business idea - a complete fill in the blanks template system that will help you predict problems before they happen and keep you from losing your shirt on dog business ideas.

A detailed manual that will walk you step by step through all the essential phases of starting your business

A complete business plan template. This fill-in-the-blanks template includes every section of your business plan, including Executive Summary, Objectives, SWOT Analysis, Marketing Analysis and Strategy, Operations Plan, Financial Projections and more (a similar template is sold elsewhere for $69.95).

All this and much much more.

Success Tip: Setting Goals

Good management is the key to success and good management starts with setting goals. Set goals for yourself for the accomplishment of the many tasks necessary in starting and managing your business successfully. Be specific. Write down the goals in measurable terms of performance. Break major goals down into sub-goals, showing what you expect to achieve in the next two to three months, the next six months, the next year, and the next five years. Beside each goal and sub-goal place a specific date showing when it is to be achieved.

Plan the action you must take to attain the goals. While the effort required to reach each sub-goal should be great enough to challenge you, it should not be so great or unreasonable as to discourage you. Do not plan to reach too many goals all at one time.

Establish priorities. Plan in advance how to measure results so you can know exactly how well you are doing. This is what is meant by "measurable" goals. If you can’t keep score as you go along you are likely to lose motivation. Re-work your plan of action to allow for obstacles which may stand in your way. Try to foresee obstacles and plan ways to avert or minimize them.

Click here! to download your book for free (PDF version)

Here're other free books in the "how to start a business" series that may interest you:

Agriculture Assisted living Auto repair Bakery Bar Beauty salon Bed and breakfast Bookkeeping Boutique Bowling alley Carpet cleaning Car wash Catering Cattle farming Charity Cleaning Coffee shop Computer repair Construction Consulting Convenience-store Cupcake Daycare Dental Dog daycare Ecommerce Electrical Embroidery Engineering Farm Fashion Film Financial advisor Fitness center Flower-shop Food Food truck Franchise Frozen yogurt Furniture store Gas station Goat farming Grocery store Gym Hairdressing Hair salon Ice cream Insurance agency Interior design Internet Internet cafe IT Jewelry Landscaping Laundromat Laundry Law firm Magazine Manufacturing Microbrewery Motel-hotel Music Nightclub Nonprofit Nursery Online-retail Photography Pizza Plumbing Poultry farming Preschool Printing Private investigator Pub Real-estate Resort Restaurant Retail School Security company Service Software Spa Sports-bar Startup Supermarket Travel agency Trucking Vegetable-farming Website

Here's a Sample 'Executive Summary' for a Manufacturing Business plan:

Introduction:
COMPANY NAME is the first company in the USA to receive the authorization as a Certified Re-grind Source for Business Group USA. The people at COMPANY NAME are committed to supplying excellent customers with products that are made to the highest standards in the industry. Our goal is to utilize our highly skilled employees, our state of the art equipment and our dependable suppliers to achieve an even higher quality level of products and services at competitive prices, delivered on time, while maintaining a unique work environment.
The Company:
COMPANY NAME is a manufacturer of carbide round tooling for the metal cutting industries. We design, layout the machining process, and manufacturer these types of carbide round shank tools. Our customer base ranges from automotive, medical, and aerospace to diesel injection components. We specialize very close tolerance blue print tooling with very difficult forms and step tolerance. The tools we build go to customers like Robert Bosch Fuel Systems, Delphi, Medtronic, Continental and many second tier very large general machining shops for many different kinds of product like turbines for power generation, Briggs Stratton small motors, Kohler plumbing fixtures and diesel fuel injection.
Products and Services: 
Since COMPANY NAME's establishment, we have specialized in grinding high performance tooling using state-of-the-art equipment and controls. In continuing with this precedence we have added a TTB - TGC 54N 6 axes 4 spindle micro tool grinding center, this is coupled with “Numroto 3-D” simulation software to allow virtual design and programming.
MANUFACTURING SERVICES:

  • Tool Design & Development
  • Cylindrical Preparation of Tool Blanks
  • Grinding of Tool
  • Inspection
  • Edge Preparation and Tool Polishing
  • Coating
  • Laser Etching

Financing:
COMPANY NAME is seeking funds in the range of $425,000-$500,000 to help the purchase of new machines, increase the advertising, increase and train labor, and finally create a new web site. The machines Alliance would like to purchase will be able to run tools after hours with no supervision. The lights out production on standard type tooling like high performance drills and end mills allows COMPANY NAME to increase the hours of production for no additional employees or operational expense. COMPANY NAME has plans to start a new line of standard high performance drills with the purchase of this new equipment. COMPANY NAME expects a significant increase in revenue due to the expansion of new equipment.
  

1.1 Objectives

The objectives of COMPANY NAME are:

  • Increase production and sale from
  • Increase sales from
  • Establish strategic relationships with 10-15
  • Increase gross margins from fifteen percent (15%) to seventeen percent (17%) in the next three years.

1.2 Mission

COMPANY NAME is committed to customer satisfaction through tooling excellence. Our goal is to provide you with a premium product with 100% customer satisfaction on every order. Other services include tool modification and regrinding.

1.3 Keys to Success

To succeed COMPANY NAME must:

  • Implement a successful advertisement and marketing campaign to inform the existing clientele and the public.
  • Purchase new equipment.
  • Retain the services of a reputable company.
  • Build brand image and brand equity through marketing.

Established in 1995, COMPANY NAME specializes in the design and manufacture of precision ground, blueprint rotary carbide cutting tools. Our manufacturing facility has implemented the industry leading methods and standards necessary to generate the highest quality products available. Our diverse team of Engineers and Technicians, with an extensive background in cutting tool performance and design, work to assure that all customers receive the same quality product on a timely basis. COMPANY NAME offers state of the art grinding services to our customers. Our facility was designed and built with this in mind to create a production setting that minimizes environmental variables. Our staff of dedicated professionals is waiting to serve you. Please give us a call and see what Team Alliance is all about.

2.1 Company Ownership

Established in 1995, COMPANY NAME is owned by YOUR NAME. YOUR NAME, President, runs the business and the day to day operations. He has over 36 years experience in the cutting tool industries and has been in this type business all his life.  NAME, Vice President, is in charge of sales and marketing and is an Engineer Graduate of University in Virginia. NAME worked for ACME Grinders, USA for about 10 years as a sales and application Engineer, teaching people how to run the types of machines we use to build our tools. NAME has been with COMPANY NAME for 11 years.

2.2 Company History

Established in 1995 COMPANY NAME has been an established and reputable company. Since COMPANY NAME's establishment, we have specialized in grinding high performance tooling using state-of-the-art equipment and controls. In continuing with this precedence we have added a TTB - TGC 54N 6 axes 4 spindle micro tool grinding center, this is coupled with “Numroto 3-D” simulation software to allow virtual design and programming. Our four Walter CNC mini-power grinders and three Walter CNC power grinders are complemented by this addition.

Table: Past Performance

Past Performance

 

 

 

 

FY 2008

FY 2009

FY 2010

Sales

$2,486,475

$1,563,991

$2,186,475

Gross Margin

$732,756

$553,398

$677,807

Gross Margin %

29.47%

35.38%

31.00%

Operating Expenses

$922,284

$685,152

$685,152

 

 

 

 


Balance Sheet

 

 

 

 

FY 2008

FY 2009

FY 2010

 

 

 

 

Current Assets

 

 

 

Cash

$32,525

$90,013

$100,000

Other Current Assets

$310,843

$327,621

$327,621

Total Current Assets

$343,368

$417,634

$427,621

 

 

 

 

Long-term Assets

 

 

 

Long-term Assets

$3,625,063

$3,625,063

$4,025,231

Accumulated Depreciation

$2,148,688

$2,343,848

$2,625,848

Total Long-term Assets

$1,476,375

$1,281,215

$1,399,383

 

 

 

 

Total Assets

$1,819,743

$1,698,849

$1,827,004

 

 

 

 

Current Liabilities

 

 

 

Accounts Payable

$166,529

$109,969

$113,268

Current Borrowing

$490,380

$309,919

$212,123

Other Current Liabilities (interest free)

$35,632

$26,945

$14,959

Total Current Liabilities

$692,541

$446,833

$340,350

 

 

 

 

Long-term Liabilities

$912,873

$1,096,969

$869,969

Total Liabilities

$1,605,414

$1,543,802

$1,210,319

 

 

 

 

Paid-in Capital

$19,951

$19,951

$19,951

Retained Earnings

$314,116

$254,834

$545,478

Earnings

($119,738)

($119,738)

$51,256

Total Capital

$214,329

$155,047

$616,685

 

 

 

 

Total Capital and Liabilities

$1,819,743

$1,698,849

$1,827,004

 

 

 

 

Other Inputs

 

 

 

Payment Days

90

90

90


3.0 Products

COMPANY NAME is a Carbide Blue Print Tooling Manufacturer and Re-sharpener. What we do is take a part drawing, material spec and machine type that the customer would like to use to build this part. Then we design and develop all the cutting tools to machine this part, we manufacturer them, coat them supply them with speeds and feeds so they can produce their parts. Then we re-sharpen the cutting tools for added life and value. These tools are used in the automotive, aerospace, medical and defense industries. The tools we manufacturer are very close tolerance, multi-step cutting tools such as; High Performance Drills, Step drills, end mills, reamers, trepan tooling, step tooling and recess type tools for the auto, medical and aerospace industries. Another added value we have is our in shop is our own coating line. We can add Titanium (Tin), Aluminum Titanium (ALTIN) and other hard coatings to enhance the surface of the tools to make them harder, more heat resistant, and slicker so they last longer in use and give our customers longer tool life along with faster service for this added operation.


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