The improving American economy is generating many new startup businesses, and chief among the business models are manufacturing operations. It is true that there is a positive outlook for manufacturing in the U.S., even in the short run, but that does not mean any business will be successful without due diligence before beginning production. Just as with any other establishment, it takes solid planning and a good working knowledge of understanding what to expect, especially when considering potential production problems.

The general axiom for a business that they do not really start showing a real profit until five years in operations is a true guideline. Of course, this can change when the product carries great demand and has little competition in the marketplace. And even then, planning is vital for long-term success. Here are a few things to consider before setting up shop. (more…)

Eileen O'Shanassy