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Setting up an Elevator Factory – Entrepreneurship and Quality

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Starting an elevator factory

Cities tend to grow upwards, this is something definite and it becomes more and more established in this way. Therefore, the need for lifts is increasing, both in quantity and in quality and functionality. Therefore, today’s profitable business proposal is to set up an elevator factory and thus begin an undertaking that aims at global and personal growth.

If you have knowledge in this area, this is an idea that you cannot leave aside and that you can take advantage of to build your own business, be your own boss and meet your objectives, given that the number of buildings has increased considerably nowadays.

How to start? Let’s see everything you need to know.

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First steps in an elevator factory

It evaluates the material for making the lifts, the tools and the machinery needed. This will be part of the market study that you must carry out, where you will also find out about the competition that exists, the potential customers and the areas of greatest activity in which you can set up your business.

According to the above, comes the business plan. In this document we will make a detailed description of the activity of our business and its needs. In addition, we will include the objectives, the way of functioning and we will propose the direction that we will give to it in the course of its creation.

Operation of an elevator factory

The customers of the lift factories are mainly the building construction companies, as these are the constructions that need the lifts the most. Moreover, it is very likely that a single building needs more than one lift, and it is possible that they will buy lifts for some houses, but that will be an isolated event.

Public buildings also need lifts, so when you hear about a building being remodeled, go ahead and make your proposal, trying to compete on quality, price or both.

Tips for setting up an elevator factory

Requirements to open an elevator factory

Both at the level of infrastructure, personnel and standards, mounting an elevator factory has a series of strict requirements, since we are manufacturing an element as useful as it is risky if there are faults in the procedure. Pay attention so that nothing escapes your list of requirements:

Ideally, you should aim to comply with ISO quality standards, so go to them and find out the requirements to be part of them. Read and complete the forms, it will give you great prestige and credibility to be part of them.

Business location 

The factory must be installed on an industrial site within the perimeter of a factory zone. In turn, it must have the infrastructure in space, machinery, safety and hygiene required for such a venture. So you must inform yourself in detail about the specific requirements demanded in each of these points, since you will be inspected and will have to have everything in order. So build, buy or rent a place with the necessary conditions to set up an elevator factory.

Staff for the business 

You need to have engineering professionals and specialized technicians, they will be a vital part of your company. The former will design the models and their operation, while the latter will install them, following the instructions of the engineers.

Bear in mind that the more experienced each of the professionals, the better for the operation and what it implies to Assemble an Elevator Factory, since you will avoid inconveniences due to lack of practice and knowledge of the work in the real field where the experts must perform.

Tips for setting up an elevator factory

Get the best suppliers of raw materials for the manufacture of the elevators, so you will have the best quality, the best price, the best financing and delivery on time. A good option is to investigate the elevator factories that exist in the market, knowing their operation modes and suppliers, you can collect key information.

Get advice on the best and most modern machinery for the manufacture of lifts. The investment will be a little more expensive, but you will get it back thanks to the speed of production and the quality of it.

Seek to maintain a constant promotion of your business so that you are hired not only for the manufacture of elevators, but also, why not, for repair and maintenance. This will be the key to gain the trust of your customers.

Weaknesses: one aspect you should consider is that it is a fundamental requirement to have knowledge in this business, since the quality of the service and the final work you offer will depend on it. In principle the investment capital will be considerably high, so make sure you distribute the money correctly so that each area is covered. You can

contact a professional to advise you, because in this type of business money must be managed with great care.

Make previous investigations before acquiring the machinery and other necessary implements for the assembly of your business. Making quotations and knowing different suppliers will allow you to choose the best one not only in terms of price, but also in terms of quality and prestige in the market. The arrival of customers may take time, so be patient.

Points in favor: it is a business that at present, has a strong demand, mainly by the frequency with which more buildings for housing are being constructed, which, given their number of floors, require elevators and the sector needs more companies like these.

On the other hand, as we mentioned, customers can be late in arriving, so it is important that, if possible, you offer more in your business. By this we mean offering another service such as maintenance to have contact with potential customers who subsequently hire you to manufacture their lifts and recommend you, as they already know you.

Businesses that focus on the production and manufacture of the same items they sell, can earn double, because they can do without intermediaries and become the direct business with their customers.

Therefore, if you have knowledge in this area and are looking for an entrepreneurial idea, this may be the option you were looking for. Start planning today and set the course for your own project.