If you want to open your own production business ideas there are several options, you can sell services, other people's goods or produce your own products. already implemented by others will be useful.
Advantages and disadvantages of production
If you're thinking of doing something yourself, consider the downsides: it will be expensive in every way. You will have to accumulate significant start-up capital, put in a lot of effort, and do something for months to get the first results.
Other cons are:
- Fixed costs: during a crisis, it will not be possible to reduce production quickly. You can't fire employees, because it's difficult and time-consuming to look for professionals again. You can't just sell stuff you haven't made anything of yet, because that wouldn't be profitable. In the area of sales, everything is much simpler: basically you spend money on advertising.
- Lack of flexibility: you know you can sell goods both retail and wholesale, deliver them overseas, expand your reach. All of this is possible, but most of the time, production capacity lags behind.
- Lots of administrative work. It is necessary to control a large number of employees, areas and equipment. You can hire someone to do this, but at the beginning you usually have to take on this role yourself.
If the cons didn't scare you, then go for it – to the benefits. And luckily, there are many more!
- The ability to create what you like. Products with a story, a concept that you put into them, will inspire you to move forward and grow as a professional.
- Quality Assurance – You are behind everything that happens. It is you who can guarantee a long service life, reliability. You yourself see the shortcomings and the ways to correct them.
- Range flexibility. Sometimes you need to ramp up production quickly, and that's a downside. But if you see demand for something, you can expand the product line – and that's a powerful tool.
- Low cost – You can find materials at the best prices. Also, there is no manufacturer marking and you can sell anything at the best price for you.
- Opportunity to make the world a better place: you give other people jobs, create things that improve the lives of their owners.
And now let's talk about different business ideas: among them are the production of hammocks and cheese, furniture and modular houses, juices and soaps!
Mini production business ideas
cheese production
Elite cheeses are becoming more and more popular. This also leads to an increase in supply: more and more artisan cheese factories are opening in big cities. Interestingly, dairy prices are also rising. It is worth noting that people with a high level of income, that is, in this case, the target audience, remain solvent.
There are still few competitors in this niche, but to launch a small cheese factory with a capacity of up to 25 kg. Daily cheeses don't need a lot of budget. The planned expenses are around 700,000 reais. You can supply finished products to wholesale stores and sell at retail.
network production
Who hasn't dreamed of having their own hammock to relax at home or somewhere by the sea? Network production is a business idea that has not become obsolete over the years. Creating networks is quite simple: it doesn't require special skills or expensive equipment. A sewing table and a machine will be enough, later their number can be increased. If you don't want to sew, hire a seamstress.
To equip a workplace and hire a specialist – around 40,000 reais, half of that amount will be spent on furniture and accessories. The cost of a hammock, taking into account the payment to the seamstress, is around 1,000 reais. The minimum retail price at the moment is 2,000 reais. A small investment will pay off within one to two months.
furniture production
Last year, the real estate market grew very fast: inflation makes people wonder where it is most profitable to invest their finances. Many people buy apartments, and even just to rent them, they need furniture. Profitability of your production: from 40 to 300%. Return on business – from 8 months to a year.
In an average city, it is important to correctly select the audience. They can be both middle-class families who buy furniture every few years, or a high-income audience. If in the first case it will be the medium price segment, in the second case it will be the elite one. In one version things will be cheaper but more popular, in the other – more expensive but less sold.
In both cases, to create tables, chairs, sofas and armchairs, the initial capital will be around 1,000,000 reais, including marketing costs.
Production of modular houses
These houses are used as an office, an exchange house, a trade pavilion, a country house or even a residence. Its main advantages are mobility and low cost. The demand for such options among the public will grow. Building materials are becoming more expensive, the number of construction projects is decreasing.
In production, you can create a modular building from any structure up to two floors. These houses are equipped with everything we are used to in an ordinary apartment: water supply, sewage, heating systems. Minimum price: from 10,000 reais per square meter, including production, delivery and installation.
The initial capital for such a business is 2 million reais. Payback period from 6 months to one year.
Production of fresh juices
This is a great production idea for a small business – high demand and a quick turnaround are among the main advantages. Among the middle-income public, trends have emerged to buy natural products that allow them to lead a healthy lifestyle.
This business is more profitable for regions where there is a large amount of fruit, namely in the south of Russia. The company will reduce transport and storage costs. Also, the juice consumption season in hot climates is longer than in the north.
You can start with small volumes, but if you open an average production with a capacity of up to 1000 liters per hour, the initial capital will be around 6 million reais. You can sell finished products through distributors. Payback period in the region of one year.