How will I grow my machining business?

The dry stuff all about starting a business including paperwork, addresses, government agencies, funding, taxes all to help you with your ideas in the world of cnc
nicholasK
Posts: 4
Joined: Sun Aug 30, 2015 11:20 pm
Location: Juba

How will I grow my machining business?

Postby nicholasK » Wed Apr 06, 2016 6:58 am

A year ago, I started a CNC machining business. It covers milling and turning. It works on materials such as alloy, stainless steel, carbon steel and aluminum. We are currently serving the OEM industry alone. I want to stretch our services to other industries such as transportation and automotive. I am therefore here to seek you advice on how to grow this machining business. Any ideas please?

vinkiP
Posts: 73
Joined: Sun Aug 09, 2015 10:13 pm
Location: bermuda

Re: How will I grow my machining business?

Postby vinkiP » Wed Apr 06, 2016 6:59 am

nicholasK wrote:A year ago, I started a CNC machining business. It covers milling and turning. It works on materials such as alloy, stainless steel, carbon steel and aluminum. We are currently serving the OEM industry alone. I want to stretch our services to other industries such as transportation and automotive. I am therefore here to seek you advice on how to grow this machining business. Any ideas please?
Hi, entering some industries could be so challenging. I would advise you to join a partnership with somebody who is in the business too. Someone who is serving the industries you intend to serve and also wants enter your industry.

McMsenior
Posts: 7
Joined: Sun Aug 09, 2015 7:24 am
Location: Guyana

Re: How will I grow my machining business?

Postby McMsenior » Sun Apr 10, 2016 6:33 pm

Why don’t you try diversifying? This may keep you growing even when the other markets are facing downsizing.

nicholasK
Posts: 4
Joined: Sun Aug 30, 2015 11:20 pm
Location: Juba

Re: How will I grow my machining business?

Postby nicholasK » Thu May 05, 2016 7:59 am

Thanks guys.
Any more ideas out there?


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