Starting your own business is not an easy task, it takes a lot of effort and maneuver planning to make your business successful especially if it is related to making nuts and bolts.
There comes few significant factors and few benefits as well which make any fastener, bolts, nuts manufacturer in limelight.However, first, take a look at what role does it play in the industrial market, and thus how it can be beneficial;It has Market PotentialSince the nut and metal are metal fasteners, so they hold much significance in industrial market.
They are very important tools in the construction, automobile, and machine manufacturing industry.
This helps in increasing boom of construction and automobile has increased its demand.Their demand exists throughout the year.Target Customers This business grabs different target audience belonging to relevant industries such as;Transportation industries – This includes railways, wagon, aircraft, automobile, and bicyclesElectrical industries – This includes transformer manufacturers, electric motors, and fansBuilding activities: This include bridge constructions, and steel structuresBesides, this business is useful for machine tools, and agricultural machinesNow, let’s move towards what things you need to consider before starting your own nuts, and bolt making business.
Factors / Thing to Consider Prior Starting Your Own Bolt Making Business Raw MaterialThe newly startup of fastener bolts, nuts manufacturers will need;Hexagonal mild steel rodHydrochloric acidLubricantPackagingArea – For making of fastener nuts, and bolts the area will be required around 2000 sq.
ft.MachineryThe required machinery include;Thread rolling machineSteel polishing barrelHead trimming machineDouble stroke cold head forging machineAutomatic nut forming machineNut tapping machineManpowerThe manpower in bolt making business might include;2 skilled workers2 unskilled workersBusiness Model & GrowthStart selling to the local hardware shops.
