Starting a PCB Manufacturing Business: How to Get Started

Starting a PCB Manufacturing Business: How to Get Started

Starting a PCB Manufacturing Business: How to Get Started

In today’s market, printed circuit boards are getting smaller and lighter due to the fact that devices are getting smaller at the same time as they are getting more powerful. This small form factor necessitates a rigid-flex circuit and since this is still a rather new technology in the grand scheme of electronics, it’s a side of the industry that needs a greater number of manufacturers with the experience and knowledge to put out quality PCBs. That would be you! But, how do you get started as a manufacturer? Here is some of what you need to know.

Funding Is a Vital Step

You know the industry and so you are well aware of the fact that much of the equipment you will be using as a manufacturer is going to be quite costly. The first step is always going to be drafting a business plan so that you can take your idea to funders and financiers who can provide the business loans or funding needed to purchase everything you need to go into production. There is a wealth of knowledge online that deals with getting financial backing, and this is where you should start.

Find Your Niche

One of the first things you will need to do is find your niche within the industry. This will entail evaluating the competition to get an exact idea which portion of the market is left under-served. Again, PCBs are getting smaller and smaller by the day and, as a result, many of the older manufacturers aren’t set up to handle the technology needed in today’s tiny electronics. Find your niche and then build from there.

One of the first things you will need to do is find your niche within the industry. This will entail evaluating the competition to get an exact idea which portion of the market is left under-served.

One of the first things you will need to do is find your niche within the industry. This will entail evaluating the competition to get an exact idea which portion of the market is left under-served.

Seek a Mentor Not in Direct Competition

It is always helpful to have an experienced mentor guiding you, especially in the early days. In most industries, it is suggested that you find a mentor in your business but not in your local market area. Unfortunately, this may not work with a PCB manufacturer because much of your business will be spread around the globe. While you may not be able to find a local mentor in the PCB manufacturing industry, you might have better luck finding a mentor in a related industry who is familiar with today’s technology on small form factor devices.

Know Your Options

As a final bit of advice, the one thing you may want to consider is buying out an existing PCB business. It will not only be less expensive in terms of equipment costs but it will be easier to find financing as well. If you can find a PCB manufacturing site for sale with a documented financial history, chances are lenders will feel it’s less of a risk and are more likely to offer commercial loans. Unfortunately, your options here may be slim and you may need to relocate to launch a ‘new business buyout’ structure, but these are viable ways to get off the ground quicker.

Remember, as devices continue getting smaller and much more powerful, there will be a growing demand for what you have to offer in rigid-flex circuit boards. There is a market, so your products will sell. The key is getting off the ground and the above information should put you on the right path to success.