Open letter to South Africa’s students‚ universities and government‚ represented by Minister in the .
Starting a welding business requires commitment, dedication and talent. It also needs thorough planning, thoughtful analysis and research, motivation and persistence.
Your target market should be visible, accessible, substantial, diversified and stable. It should be clearly defined so that advertising campaigns and promotions can be launched and monitored.
You will need a solid business plan when looking for a bank loan, but it is also useful to yourself to clarify your business.
Have an idea of the products you want to manufacture, especially if you plan to get work from former acquaintances.
Specialise and develop a core of activities where you have an advantage over competition.
Develop your own products, even if they are ordinary low-carbon steel, because that will permit you to command better prices.
Try railings, gates and decorative home objects. Get ideas by browsing around and looking at what is on the market, then give it your personal touch.
Contact builders or architects directly or through contractors.
As a small business owner your business depends heavily on you. Be knowledgeable about the industry and have a qualification. Safety training is a must.
Get the equipment that allows you to perform your work effectively. Remember that used and reconditioned equipment may be available at reasonable costs.
New equipment should be rented or leased for a short while.
Apart from welders, you will need disc cutters, grinders, welding tables with a sturdy vice, files, hammers, welding masks, goggles, gloves, aprons, etc.
Get a space that is large, comfortable and safe to work in. There must be plenty of light and air as well as additional facilities for fume aspiration and control.
Know how to charge. Unless you decide your prices for your own products you need to know exactly how much it costs you to perform your work or you will lose money.
If you have no experience, you will need an accountant to help you establish acceptable routines to keep your business records complete and trustworthy.
Monitor cash flow carefully.
Accountability will help you to get further finance if you need it again, and for filling in tax forms.
For advice on legal affairs get a competent lawyer.
Established industries may require that you agree to their conditions before giving you contract work.
Get insurance. Cover all insurable dangers to avoid claims.
Build a website on the Internet. Build it well and apply proven concepts that have been demonstrated time and again.