Want to start small scale industry.. suggestions please

sumanth arisetty
Member • Oct 26, 2013

Want to start small scale industry.. suggestions please

hello pple.. im a mechanical engineering fresher.. ive tried many jobs and tired.. i wanted to start up my small scale industry in mechanical field.. please suggest me some product ideas and plan to start up my own industry.. im new to this field..

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[Prototype]

Member • Oct 26, 2013

There you went wrong buddy. The product idea has to be yours. We can provide you help regarding other procedure once you know what you'll be doing and have a solid reason. If I have some unique idea, why would I go on telling everyone? Won't I just go forward and start it myself? That's the part where your work start. It takes a lot of research on the product you'll be targeting. And don't plan to open an industry just because you didn't get a job. Its not as easy as it sounds, neither it goes like that.

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Kaustubh Katdare

Administrator • Oct 27, 2013

Starting up because you can't find a job is strictly not recommended. If your inclination is towards jobs - I'd recommend investing time and efforts in finding the job you'd love to do.

Secondly, what business you want to get into will depend on several factors. You will have to evaluate your options, finance, market availability before you decide on any product. If you don't have any experience in running a business; I'd recommend going in for a business that requires little capital (which won't cause a dent in your bank account, if things don't go well).

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Ramani Aswath

Member • Oct 27, 2013

Kaustubh Katdare
I'd recommend going in for a business that requires little capital (which won't cause a dent in your bank account, if things don't go well).
One option is to be a OEM vendor for some established manufacturing industry, who are usually not keen on adding to their workforce. Sometimes they help setting one up. It is important in such cases to be completely loyal to the parent entity and not go after business from competitors.

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