How to start a business in fastener industry form bottom

The core steps in establishing a bolt-on factory include: market research, site selection, equipment purchase, capital preparation and personnel recruitment. 
First, conducting market research is the first step in establishing a bolt factory. You need to understand the demand of the local manufacturing industry, analyze the strengths and weaknesses of your competitors, and develop a business strategy that meets market demand1.
The next step is to choose a suitable site. Choose a site with convenient transportation, adequate power and water sources, and reasonable prices as the location for your factory. At the same time, the size, layout and future development possibilities of the site need to be considered1.
Then it is equipment purchase. According to the production demand, purchase suitable bolt production equipment. It is recommended to choose equipment with reliable quality and stable performance to ensure production efficiency and product quality. In addition, the introduction of equipment with a higher degree of automation can be considered to reduce labor costs1.
In terms of capital preparation, the investment cost of opening a bolt factory varies depending on the region, scale, equipment selection and other factors. Generally speaking, the investment cost is about several hundred thousand dollars to one million dollars. Specifically, it includes site rental costs, equipment purchase costs, raw material purchase costs, and personnel recruitment and training costs23.
The last is personnel recruitment. Small bolt factories generally need to recruit a certain number of workers and technicians. During the recruitment process, attention needs to be paid to the skills and experience of the employees, while providing them with the necessary training to improve productivity