just had a little discussion with a friend about setting up a factory. A factory should have a clear production line. Something that comes in as material, and through production activities, a new thing comes out. We may want to call it a product. To start of a factory, a smart move will be to go for simple rule of thumb; low rent, cheap labour, and clear and manageable market.
And to make sure that products are well received, look closely at prompt delivery and no compromise on quality. Out of the whole process, marketing will determine the success by 70%.
We discuss, lay out plan and embark. and we never know who will FINALLY be friends and foes out this endeavour!!
VERY INTERESTING. Good Luck to him and me.
