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pranav14
Member

Join Date: Aug 2014
Posts: 5

New Business Opportunity !!

09/23/2014 8:28 AM

Hi Team ,

I'm Mechanical Engg. ,i'm trying to start my own business in Manufacturing area.

Basically i'm from India.Please provide your view on.In manufacturing , trying startup business ( low budget & long term > will expand in future).Request to all please provide your valuable suggestions.I have experience in automative field.
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SolarEagle
Guru

Join Date: Mar 2007
Location: by the beach in Florida
Posts: 33392
Good Answers: 1817
#1

Re: New Business opportunity !!

09/23/2014 9:24 AM

Give us your resume, what is your work history and experience?

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 All living things seek to control their own destiny....this is the purpose of life
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pranav14
Member

Join Date: Aug 2014
Posts: 5
#3
In reply to #1

Re: New Business opportunity !!

09/26/2014 3:24 AM

Currently working in Automotive sector as Product Engineer. I have experience in Operation ( 1 year) in Energy sector and Product Engineering (3.5 yrs.)in Automotive sector.I have interest into Auto sector.How can i proceed for next plan?
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lyn
Guru

Join Date: Oct 2008
Posts: 42355
Good Answers: 1693
#2

Re: New Business opportunity !!

09/23/2014 9:29 AM

What happened to: Reman Technology for Diesel Engines

Suggest you do a search for "manufacturing start-up"
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phoenix911
Guru
Hobbies - CNC - New Member Hobbies - DIY Welding - New Member Engineering Fields - Electromechanical Engineering - New Member

Join Date: Aug 2007
Posts: 23647
Good Answers: 420
#4

Re: New Business Opportunity !!

09/26/2014 1:18 PM

Define your core competencies.

What a second.... first off, Develop a business plan.

They have plenty of templates you can use. With in the business plan, you define how your is going to be business is going to set up (Vertical or Horizontal) this determines your structure.

You can start running theoretical projections, costing budgeting, risks, contingency plans.... a number of other things as well

Gives you something to hang your hat on so to speak by addressing your weaknesses.

Keep in mind, a good engineer may not make a good businessman. Neither does a poor engineer.

Also, as a engineer, you may question some ethics about running a business profitably and on the level.

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