If you are a person who is looking forward to an opportunity to use the entrepreneurship skill and have a successful business as a career then toothpick making is a great option. Here in this article, I am going to share all the analysis to start and operate the toothpick manufacturing business in a successful way. It is a great business idea as it can be started on a small scale with low capital. So, let’s find out more about the business.
Why Start a Toothpick Manufacturing Business
In this competitive market, a career on service is full of ups and down. Recession and market condition puts a great effect on the service industry. That is why; more and more people are looking to start a career in the business industry.
The toothpick manufacturing business provides a great opportunity have a successful venture. Below are the few reasons why should you start a toothpick manufacturing business: –
Small Scale: –
You can start this business on a small scale that means you will need less capital for investment. With the less investment, the risk factor is also less and you can grow the business to new heights as soon you succeed in the same.
Market Potentiality: –
Toothpick is used in a high volume in worldwide. The toothpick has got different usages and thus the business has got huge demand in the market. Toothpicks are present in almost all residence and it is compulsory to be in the hospitality industries.
Raw Materials: –
The required raw materials and machinery are easily available in the local market. This leads to lesser transportation cost of the same and it is also available at a reasonable price.
Along with this, other requirements to start the toothpick manufacturing business like the labour, technology are easily available in the local market and they are affordable too.
How to Start a Toothpick Manufacturing Business
Write a Business plan: –
How simple and how small the business may be, the importance of creating a business plan can’t be ignored. A business plan helps you to plan well and forecast the different ups and downs of the business and helps you to stay focus to achieve your goals in time.
Please Note: – A business plan also helps you to get a loan from the banks to fulfil the financial concerns.
Choose Your Niche: –
Toothpicks can be made of wood, bamboo and plastics. So, you need to decide which type of toothpick you want to manufacture. Your next step, like the selection of raw material supplier; machinery etc will depend on this.
Select a location: –
There are no specific guidelines to select a location to start a toothpick manufacturing business. However, it is suggested to check with your local administrative for any kind of restriction or not.
Please Note: – Your location should be near to the market to sell the product and even in close proximity to the suppliers of the raw materials. This will help to save a lot of transport cost.
Select Suppliers: –
You will need a different kind of raw materials and machinery to operate the business. So, carefully select your supplier. Check the rates and the quality of the materials carefully before finalizing the supplier.
Arrange Funds: –
If your personal funds are not enough, then you can apply for a loan from the banks. Your business plan will help you to get a loan from the bank.
Make strong marketing strategies to make sure that every probable customer gets the news of you starting a toothpick manufacturing business. The major business will be given by the hotel industries. Events like parties, ceremonies, weddings etc are also the main events when the demand for the toothpick manufacturing business arises.
A proper marketing and promotion will allow your business to make connections with the proper channels with major business associates. You can promote your product with relevant media like advertisements, Facebook, etc.
So, these are the few steps that you need to take to start your toothpick manufacturing business and operate the same in a successful way. However, there are few other things that you need to know, like the required raw materials and the toothpick manufacturing process.
What is the Toothpick Manufacturing Process?
The required raw materials for toothpick manufacturing will depend on the type of toothpick you want to produce. It can be made of bamboos, hardwood or plastic material also. Thus the manufacturing process will differ as per the type of business you are operating.
The required machinery include: –
- Weighing Scales
- Variety of Molds
- Scrap Grinding Machine
- Dry Colour Mixer
- Packaging Machine
- Mold Lifting Machine
- Polishing Machine
- Sharpening Machine and others.
The machinery for toothpick manufacturing business is available in automated, semi-automated and manual. You can select the same as per the budget of your business and scale of production.