Now, are you an entrepreneur involved in manufacturing? In other words, do you process or convert raw materials, parts or components into semi-finished or finished products ready for consumption? Do you use machines, tools, labour etc through mechanical, chemical, biological processes or formulation to produce goods? Do you invent, assemble, fabricate etc? Are you in any way involved in physical, mechanical or chemical change of materials, substances or components into new products? If your answer is yet to any of these then the below write-up might be useful to you as an entrepreneur. You deserve to be called the ‘manufacturing entrepreneur’.
Indeed many categories of business activities can comfortably fall under manufacturing. Manufacturing is one of the critical sectors of any economy with lots of value added and multiplier effects, hence potential huge impact on society. Today I would like us to share some few vital things that the manufacturing entrepreneur should take into account. This business sector is very different from the service sector; also very different from pure trade (I mean buying and selling). It is also different from pure agriculture. Back to the point, what must an entrepreneur know about manufacturing? What vital issues give you success as a manufacturing entrepreneur? I know you desire success, don’t you? Let’s consider the below.
Now, take some time and consider the above if your business involves manufacturing. There are opportunities in there that could add value to your business and move you to a higher level. This sector is a very deep one; no wonder its part of the real sector in an economy. Manufacturing indices in any economy are key indicators of economic health, and these statistics come from manufacturing outfits like yours. Isn’t this great? I believe you also know that countries and businessmen that have been smart in manufacturing have products that move around the entire world every single day. Can’t you see some around you even as you read this article? Hope you get what I mean.
We shall be sharing other issues regarding the manufacturing sector in the future.
The Wise Entrepreneur