Optimize Costs of Production
Of course, contacts are important as well. For example, if you have good contacts with other companies you may have a lot of ways how to cooperate and get same benefits from each other. Private space and room can save your money, because rental costs nowadays are expensive as well. Important factor is luck and good ideas. Think creative and unusual to find new niche in the market or find new possibilities how to produce and earn money is very important. For example, China is very big and has a lot of resources, cheap workforces. They export big quantity and low quality products. They are producing everything, but quality isn’t very good. In different situation is Japan. This country hasn’t a lot of recourses and so many workforces, but they use all theirs possibilities. They are producing small robots, machines and other high technologies. With small amount of recourses they produce big quantity of technologies, which costs much more expensive than usual Chinese stuffs. They have the most expensive recourse on the world- Information.
In conclusion, there is a lot of way how to optimize costs of production and get maximum big profit for company. You just need to think smart and maybe consult with economists, because increasing quantity of production, you cannot touch quality. Quality should be fixed or increase, but never decrease. There is golden rule- Never lose your quality!
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