SMALL SCALE INDUSTRIES: 15 PROFITABLE BUSINESS IDEAS

SMALL SCALE INDUSTRIES
Spread the love:

The small scale industries classification in this piece refers to ideas for small scale business activities involving or related to manufacturing, production, fabrication, construction, etc.

Businesses in the small scale industry are businesses that operate at a small scale level, they require low investments, low labor, and fewer machines to work with.

Business in the small scale industries category normally produce goods and services on a small scale, yet these businesses assume a significant part in the monetary improvement of any country.

As the owner of a small scale business in the small scale industry, do market research, you need to invest in equipment and give the business a high level of commitment.

A few examples of small industries are the production of flower verse, furniture works, production of pens, bakeries, production of candles, etc.

FEATURES OF SMALL SCALE BUSINESSES

  • Resources: They use local and directly accessible resources. They ensure more efficient use of natural resources and limited losses.
  • Flexibility: Because they are small, they are open and flexible to sudden changes, unlike large industries.
  • Property: They have one owner. Thus, it is also known as individual entrepreneurship.
  • Management: All management activities are under the control of the owner.
  • Limited coverage: They have a limited coverage area. Thus, it can be a local store or an industry located in the same area.
  • Labor intensity: Their dependence on technology is very small because they depend on labor and labor force.

BUSINESS IDEAS FOR SMALL SCALE INDUSTRIES

As the reality of the modern age continues to unfold, more people are interested in owning a business, and business ideas are issues of concern to many men and women who want to start their own small scale business. In this article, I will tell you about profitable business ideas for small scale industries.

And many of the business ideas for small scale industries share in this article can be launched with minimal investment.

Let’s get started!

  1. SHOES AND BELTS PRODUCTION

Rubber shoes, leather shoes, and artificial wrist bands, as well as shoes and belts, have a huge market. You can go into the mass production of shoes, and you will attract customers both domestically and abroad.

Men’s shoes, sander and slippers, women’s shoes, sander and slippers, as well as children’s shoes, sander, and slippers can be made of rubber, leather, or artificial leather.

Just make sure that you do proper market research and feasibility studies before choosing a niche.

  1. PAPER PRODUCTS

SMALL SCALE business, Paper productsProduction of notebooks, envelopes, and other paper products is a profitable small scale industry business idea.

Despite the campaign to go green by preserving trees and our ecosystem, the fact remains that there is still a very large market for the paper industry.

The market for paper products cuts across all industries because paper is needed in schools, in offices and wherever business is conducted. Therefore, if you live in a country like Nigeria where you can easily get permission to cut down trees, you should consider starting a business around the production of paper products. This is a really profitable small scale business.

  1. WOOD PRODUCTS

If you are asked what can be made from wood, you will immediately have a long list. Interior items, souvenirs, Drum sticks, Dog houses, Pallets, Particleboard, Knife handles, Cutting boards, Test tube racks, Wine racks, Handrails, Stake-body truck sides, toys for children, Ladders, and many other things people really like.

The production of wooden products is one of the highly profitable among the ideas in the small scale industries due to many advantages including relatively small investments, low production cost, and high cost of finished products. Wooden products are also Eco-friendly.

  1. HERBAL MEDICINES PRODUCTION

Another business that you should consider if you are interested in the manufacturing industry is the production of herbal medicines. There are several types of medicinal herbs; common and non-common, which you can use to start producing in this small scale industry.

Please note that the medicines manufacturing industry is strictly regulated, and you will need to obtain the necessary business licenses and permits before you will be allowed to legally open a medicines manufacturing small scale business.

  1. PRODUCTION OF PLASTIC BOTTLES

Another fast-growing business in the small scale industry is the production of plastic bottles. The food and beverage industry, as well as the chemical industry, require plastic bottles to package some of their products.

Water, beverages, chemicals, and many other finished products enjoy patronage only when they are properly packaged. If you can find food and beverage processing plants in your area, as well as chemical factories, this means that there is a market for plastic bottles. This is a small scale business that you should consider.

  1. HAND TOOLS PRODUCTION

If you are technically inclined, then this is one of the manufacturing enterprises that you should consider.

Hand tools production is also a profitable business idea.

There is a large market for tools such as; hammers, tin tongs, pliers, screwdrivers, molding tools, scissors, punchers, chisels, hand saw, trimmer, edge clippers, rod, crescent, and so on.

Just make sure that you have done thorough market research and feasibility studies before starting any business.

  1. CERAMIC TILES PRODUCTION

This is one of the small scale business ideas within the construction industries that require low investment but enjoys high patronage.

These days, it is common to find homes and offices with tiles than with carpets. This is so because tiles have become cheaper and more affordable, and they are also easier to maintain. Indeed, there is a large market for ceramic tiles.

  1. PRODUCTION OF MARBLE

Just like ceramic tiles, marble is another flooring material that is in high demand. Rich people go for marble due to its high quality. Although marble is more expensive than ceramic tiles, the marble market is still large.

  1. OFFICE SUPPLIES PRODUCTION

If you are looking for a business to start in the manufacturing industry, you should consider the production of office supplies; there is a large market for this industry.

You can start producing; stamp pads, pencils, pens, erasers, sharpeners, staplers, rulers, compass, notebooks, notebooks, stickers, bulletin boards, whiteboards, etc.

  1. PRODUCTION OF ORGANIC FEED

feed is crushed grain, grass, food waste with special mineral and vitamin additives. It is used when farmers want their animals to gain weight, without resorting to inorganic chemicals.

Organic feed, Small scale industry

  1. PRODUCTION OF DETERGENTS

Another idea for a business in the small scale industries is the production of detergents.

The detergent manufacturing business belongs to the chemical industry; this is because most of the raw materials used in the production of detergents are chemicals.

Therefore, if you want to start a business in the chemical industry, one of the options is to engage in the production of detergents.

You can comfortably combine the production of detergents with the production of soap.

This is a very prosperous and profitable business that can be started on a small scale with minimal start-up capital.

  1. PRODUCTION OF DOORS

Doors are an integral part of the building. You can make plastic, wooden, and iron doors and sell them.

If you want to open your own production company and have not decided on the products that you want to produce, then you should consider the manufacturing of doors. Much more than the production of ordinary doors, you can also specialize in the production of security doors. There is a huge market for security doors, and the business is really profitable.

  1. BLEACH PRODUCTION

Bleachers are chemicals and to some extent cause corrosion, so anyone who intends to engage in the production of bleach must ensure that a chemical handling license and other relevant permits are obtained.

Used for stains from clothes and for washing toilets, etc. there is indeed a large market for bleach. Therefore, if you want to start a small scale business in the chemical industry, bleach production is a business that you can successfully launch with minimal capital.

To start this type of business, you need to be a registered business with the government, and also have the necessary health permits to start a chemical business.

  1. PRODUCTION OF TRAMPOLINE

You can start a trampoline manufacturing business. Don’t just copy others, try to innovate and improve on the types of trampolines that are currently being produced.

One of the problems that the production of trampolines solves on the market is the coverage that it provides.

They are used as cover from the sun and rain during outdoor parties and other outdoor events.

  1. PRODUCTION OF NYLONS

Nylon production is another highly profitable and thriving idea for small scale business that any entrepreneur who is serious about making money in the small scale industries and chemical industry should consider.

Nylon is used for packaging and coating many products, ranging from food to clothing and even new electronics. This suggests that the nylon market is a big market

We all used nylon, retailers are among the largest consumers of nylon bags, because they use nylon bags to package the goods we all purchase from them.

FINAL THOUGHTS ON BUSINESS IDEAS FOR SMALL SCALE INDUSTRIES

There are several ideas for lucrative business in the small scale industries.

However, you need to be careful to start and successfully run a small scale business.

You should also note that starting a manufacturing business is not as easy as reading this piece,

Start-up funds are needed and they must be spent wisely.

I hope you liked these business ideas and found a lot of useful information for yourself.

Share your business ideas and thoughts on this topic in the comments

If you need to create a website or content like blog posts for your small scale business, feel free to contact me via my email oma{@}rindx.com. I build websites, write web copies and advise on marketing-related issues.

Also Read:-

Steps in Creating an Online Business Strategy

100 Tips to increase sales volume and close business deals

Author Profile

SMALL SCALE INDUSTRIES: 15 PROFITABLE BUSINESS IDEAS 1
Owolabi Meshach
I love building websites, creating content, and building brand awareness for clients through digital marketing strategies that lead to measurable success.
I am the founder of Rindx.com, Tycoon Concept, and Bloggers Gratis.
Get the scoop from us

Spread the love:

Leave a Reply

Your email address will not be published. Required fields are marked *