As you know, a fairly large number of successful businessmen started their business with work in a small room, the role of which was often played by a garage. Today we offer you to learn how to start your own business with your own garage.
Mini-production in the garage : choosing a field of activity
There are a number of business options that you can start with at your disposal a similar room. It is advisable that you have at least basic knowledge in the area 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. In a garage, you can make paving slabs, artificial marble, foam blocks, silicate brick, polystyrene foam, etc.
Mini-production in the garage can be associated with food. The most promising options in this direction is the organization of a small brewery or bakery. Also in the garage you can grow some varieties of mushrooms, produce breakfast cereals or herbal tea. However, it should be borne in mind that premises for food production must meet strict criteria related to the presence of sewage, hot water, ventilation, etc.
A small production in the garage can be organized if you are familiar with the manufacture of furniture firsthand. Despite the fact that there is quite high competition in this area, high-quality and inexpensive furniture products will always find their buyer.
Mini-production in the garage : where to start?
If you have decided on the direction of activity, it's time to proceed to the preparation of 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 your chosen field.
Start-up 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 a business owner, you can take a bank loan.
Mini-production in the garage : company registration
When you open even a small business, you must immediately think about its legal registration. If you are the sole investor of the project, then it would be more advisable to register as an individual entrepreneur. If you open a business on shares with a partner, then registration as an LLP (limited liability partnership) is required .
The next stages of organizing a small garage production are the purchase of equipment, bringing the premises in a form that meets the requirements of the sanitary and epidemiological station, as well as the requirements of fire and technical safety, purchasing the necessary tools and hiring personnel (if you yourself do not plan to work in your mini-production).