The rolling shutter business has an estimated growth rate of 7.50% from a global forecast, with a valuation of more than INR 6,60,000 crores by 2027. This figure speaks volumes about the potential opportunities and growth in the rolling shutter business.
Perhaps this explains why shutter manufacturing is observing a growing demand because it comes under infrastructural development and is one of the best manufacturing business ideas.
Therefore, to help you with this most profitable manufacturing business to start, here is a comprehensive step-by-step guide that will help you transform your small-scale manufacturing business ideas into an actual manufacturing business.
1. Plan the initial details
If you wish to make your rolling shutter business into one of the most profitable manufacturing businesses to start, having a blueprint for your entire manufacturing business idea is a must.
Without an appropriate plan, there are chances that your business could turn out differently from the way you expected. By following a set path, the chances for a business to develop efficiently are higher. You should also plan the list of products you would manufacture.
Your initial plan should lay the entire framework about your investment source, raw material, land plan, electricity requirement, labour, and all the other things relating to rolling shutters.
2. Check your investment
Investment is one of the crucial factors that influence your rolling shutter business. Your investment would determine the extent to which your business would operate. The larger the business, the larger and more advanced the production unit.
While checking your investment, you must decide how much you wish to invest in the business and your investment sources. The common sources of investments can be -
- Personal Savings
- Bank loans
- Partner investments
3. Choose an appropriate land to set up your manufacturing unit.
Land is another important factor to take into account for planning your small manufacturing business. Your production unit will need to be set up on land. Thus, choosing an ideal land for your rolling shutter business is a crucial decision.
An ideal land is approximately close or equidistant from your source of raw material as well as your destined market. Some other important factors include favourable government policies for manufacturing, cheap manufacturing costs like low electricity prices, and easy transportation.
You can either set up your production business on your land or rent an ideal land.
An average of 10,000 sq. ft. is a prerequisite for setting your small manufacturing business.
4. Get raw materials
The shutter manufacturing business, like all the other businesses, has its raw materials requirements. Once you have set up your production unit, you need to check your raw material requirements. Your raw material should be of good quality and cheap so that you can maximise your profits.
The raw material requirements of a small manufacturing business include CR strips and galvanised steel of varying thicknesses and desired widths. Some of the other raw materials are:
- Wire mesh
- Angles sections
- Aluminium sections
- Fasteners, etc.
5. Purchase machinery
Machinery is another vital aspect of your small manufacturing business. The machinery purchased could either be new or second-hand, but it must be in good condition. These types of machinery could either be domestically procured or imported based on your production unit’s requirements.
These are a few of the machinery required to execute your small-scale manufacturing business ideas:
- Roll-forming machine
- Manual press brake
- Pillar drill
- Hand hear machines
- Mechanical screw press
- Spring coiling machine
- Welding machine.
These machines are the core of your every production activity.
6. Check out your electricity requirements
Electricity is an essential production cost that needs to be incurred in any manufacturing business ideas. It is one of the core aspects of your shutter manufacturing business that will help you perform every production activity. Thus, you need to have a proper, uninterrupted electrical connection to carry on your production activities.
A minimum of 50 Hp power is required to run all your shutter manufacturing business activities successfully.
7. Hire adequate workforce
Labour is another crucial aspect of your shutter manufacturing business. Therefore, you will need to hire an adequate labour force that is competent and well suited to your production budget. Labour is the true asset that will make your manufacturing business ideas a success.
You will require labour for every production activity of your rolling shutter business, right from handling the machines, assembling, transportation, delivery, and more. Hence, hiring an adequate workforce is one of the key steps to be handled with the utmost attention.
You also need to make sure to hire both skilled and unskilled workforce for your every production activity.
8. Check your transportation facilities.
After this, the next key step is to figure out how you will transport your products. Since the rolling shutter business involves heavy products and needs to be handled with care, you need to focus on procuring good quality transportation. Shutter manufacturing requires you to use transportation facilities for both raw materials transportation and final product transportation. An ideal transportation facility for rolling shutter business would be low cost, have high safety measures, and timely delivery.
9. Choose how to sell your products
This is one of the most crucial decisions you will have to make regarding your manufacturing business ideas. This means deciding whether you wish to sell your products by yourself or through a dealer for wholesale selling of your products. If you choose a wholesaler, your profit margin might be lower, but it guarantees bulk selling. Whereas in retail selling, even though the profits may be high, the quantity sold may be less. So, based on the business objectives of your shutter manufacturing business, you need to determine your method of selling your products to the customers.
Counted as one of the most beneficial manufacturing business ideas, planning a shutter manufacturing business requires a thorough consideration of raw materials, land, electricity, machinery, and labour force. Not just that, you also need to remember that having a business plan is one of the fundamental elements of starting your rolling shutter business and needs to be made with utmost perfection.
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Q. What are the steps involved in manufacturing a shutter?
Ans. The manufacturing process is as follows -
- Firstly strips are cut using sheet cutting and then folded using the folding press.
- The folded sheets are kept in such a way that they can be rolled on a roller.
- The size varies as per customer.
- Once ready, the rolling shutters are installed at the desired site and then painted.
Q. Is the rolling shutter business worth considering?
Ans. With an average growth of 400-500 new shops every year at the district level and 2000 shops considering the village in the picture, rolling shutter is profitable.
Q. Is there any demand in the international market for these rolling shutters?
Ans. Of course, having a growth rate of 7.50 per cent with $91.1 Billion as an estimated valuation of the roller shutter market by 2027, rolling shutters have a considerable demand even internationally.
Q. What is the retail price of a rolling shutter?
Ans. The price of a rolling shutter can range from Rs 150 per Square Foot to Rs 500 per Square Foot.
Q. What are a few factors that you should consider while setting up your rolling shutter business?
Ans. A few factors that worth your attention are -
- Raw material source
- Market availability
- Market distance
- Governmental policies
- Electricity and other requirements and their charges
- Labour availability