Question

If you were a producer what product or service would you produce/provide? Choose a product and tell us how you would produce it. What kind of workers will you hire for the production of your chosen product? Will you rent a space? Will you buy any equipment and material? What else is needed? Please give a short answer.

Answer 1

I will definitely start a footwear company as it is mass consumption product. I will rent space earlier. This does not require very high specialised machines.

It also needs semi skilled labors along with a specialised designer. In medium capital it can be started. Markets are easy to identify and marketing can be done easily. Slowly a brand building strategy can be followed.

If possible I will rent equipments initially. Buing can be done once business is set.