2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
As you know, a fairly large number of successful businessmen started their business from working in a small room, which often acted as a garage. Today we invite you to learn how to start your own business with your own garage.
Mini-production in the garage: choose a field of activity
There are a number of business options that you can start with this space at your disposal. It is desirable that you have at least basic knowledge in the field in which you plan to work.
So, one of the most promising areas is the production of building materials, the demand for which is high even during a crisis. Paving slabs, artificial marble, foam blocks, sand-lime brick, expanded polystyrene, etc. can be produced in a garage room.
Mini-production in the garage can be related to food. The most promising options in this direction is the organization of a small brewery or bakery. also ingarage, you can grow some varieties of mushrooms, produce breakfast cereals or herbal tea. However, keep in mind that food production facilities must meet strict criteria related to the availability of sewage, hot water, ventilation, etc.
Small production in the garage can be organized if you are familiar with furniture making firsthand. Despite the fact that there is quite a lot of competition in this area, high-quality and inexpensive furniture products will always find their buyers.
Mini garage production: where to start?
If you have decided on the direction of activity, it's time to move on to writing a business plan. This stage is one of the most important, so pay special attention to it. Try to think through all the details, and if possible, do not miss the chance to consult with people who have experience in the field of your choice.
Starting capital
Even small-scale production in the garage will require certain financial costs. If you do not have enough money, then you can think about attracting reliable friends to the project. If you want to be a sole investor and owner of a business, you can take a bank loan.
Mini garage production: business registration
When opening even a small business, you must immediately think about its legal registration. If you are the only investor in the project, it would be more appropriate to register as an individualentrepreneur. If you open a business on shares with a partner, then registration as an LLP (limited liability partnership) is required.
The next steps in organizing a small garage production are the purchase of equipment, bringing the premises into a form that meets the requirements of the sanitary and epidemiological station, as well as fire and technical safety requirements, purchasing the necessary tools and hiring personnel (in case you yourself do not plan to work on your mini production).
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