Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small business owners. These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.
Many companies who want to manufacture a product don’t have the financial wherewithal to buy or lease a facility and equipment and need to get contract manufacturers.
Finding the right contract manufacturer can be a challenging pursuit.
My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute.
Here are just 3 of many things you need to know about finding the right contract manufacturer:
- Make sure they have enough manufacturing capacity
- Make sure they have the right equipment
- Make sure they have the right prices so you can be competitive in your market
And remember, the most successful business owners know their numbers.