Do you want to start a golf club manufacturing company from scratch? Or you need a sample golf club manufacturing business plan template? If YES, then i advice you read on.
Golf players both professionals and amateur players make use of golf clubs. Golf clubs are used to hit the ball and channel it to the direction of the hole. You can start a golf club manufacturing company and grow it into a big business. This is one industry that isn’t already saturated and is sure to guarantee profit.
The capital requirements you need depends on the scale you wish to start your business. You can start the business as a small home business and supply the clubs to loyal golf players in your location. You can also start on a very big scale where you will manufacture thousands of golf clubs which will be sold nation wide in sport equipments store.
For you to successfully operate your golf club manufacturing company, you need to have basic business skills such as; Accounting and Bookkeeping skills, Management skill and marketing skills. Furthermore, one problem with business owners is the ability to stay motivated before the profits starts coming. Motivation and will power is very necessary to run any business and a golf manufacturing company wouldn’t be an exception.
Now, let us look at the necessary steps needed to be taken to set up a Golf Club Manufacturing Company.
Starting a Golf Club Manufacturing Company – Sample Business Plan Template
What is a business plan? A business plan is like a guide that will bring your business ideas into reality. It should cover all aspects of your business such as; estimate capital needed to start the business. How you intend to get the capital? Will there be other partners in the business? If there will be; what will be the duty of each partner? These and more questions are what your business plan should answer to.
2. Get a Business License
The next step is to apply for a business license and also register your company to operate as a corporate organization. The business license can be obtained from the Town County in your State or any other authorized agency with the power to issue a business license or permit.
3. Get the Standard Design
The united states Golf Clubs Association (USGCA) stipulated a standard design for golf club which golf club manufacturers are meant to adhere to which include;
- The Shaft must be 18 inches or 467 mm long.
- The grip must not be more than 1.75 inches or 43 mm
- There was no standard weight stipulated
- Finally, the club should not be substantially different from the traditional form and make. Now you know the standard design stipulated by USGCA, you have to make your own golf club design using the standards; your design should be unique to your company brand.
4. Purchase Equipments
When your design is ready, you have to purchase ingredients which will be used for productions. Some of the basic tools needed for production include; wood, ceramics, plastic, stainless steel and graphite. You need to purchase these equipments in large quantity since you are going to produce the golf clubs in commercial quantity. Also, bulk purchase gives you access to great discounts from manufacturers.
If you want to maintain production at local level, then you can start production from your garage at home since no big equipments would be needed for small scale production. But, if you plan to start on a bigger scale with employees and all various departments, then you have to lease a space that will serve as your company’s production site and enough space for storage before the manufactured products are shipped into the market.
6. Start Production
There are two ways to you have to handle production; you can purchase equipments and start your production company or you can look for a golf club manufacturing company that offer Private Label Rights Productions (PLR). That means that you give them the design and sample of products and they manufacture it according to specification for your company. Which ever choice of production you make, you need to start with the first set of production.
Marketing your products is a step that requires a lot of hard ware and monetary investments especially for a new production that is being introduced into the market for the first time. These days, most people do their shopping online via ecommerce sites.
You can create a website/ ecommerce site where you can showcase samples of various designs of gold clubs you have foe sale. You may also consider the supply of the golf clubs to make sport equipment shops around your State and other States at a cheaper cost.
Finally, if you are operating on a big scale, you can get a professional golf player to endorse your golf club company. This is like the easiest way to build a brand for your golf manufacturing company.
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