Starting your own company is like a dream comes true for many people. It is not easy to start a business and run it on your own. That’s why you are supposed to be very careful with each and every decision you make in your initial phase.
Some prerequisites that people consider when starting a new company
You may own the company but you do need a few more people and other important things to run your company. Investment is a key part. You have limited money that you have to spend in ways that fulfill all your current needs without compromising anything.
You need people who agree to work at a minimum wage with a promise of increment in future.
You need office space which is not much expensive.
You need machinery at a reasonable price without compromising the quality of equipments.
How cheap machinery can cost you more money
Cheap machinery does not have a long life. Generally, cheap equipments come with no guarantee at all. You may buy them cheap but they may break down in a few months.
You will be spending money on the repair of these equipments. In some cases, you will have to buy new ones.
If it gets broken down during production, you may face huge losses.
What to do instead
Invest in high-quality equipments. It may seem like a lot of investment in the beginning but it is the right thing to do. You need electronic equipments like inverter, industrial PC, and Servo motor [เซอร์ โว มอเตอร, which is the term in Thai] to work smoothly. You also need to keep up with your competitors if you want to stay in the market.
This investment will not bear loss for you. You will be able to save much more by using latest tech and you will also be able generate more revenue.