
Are you planning to commence a Candle making business with a limited budget? Are you enthusiastic about wicks, the captivating aroma, and soy blends? If your answer is yes, candle making business is a perfect business venture for you. Initiating this form of business requires you to invest a lot of effort, but you must know that you can reap fruitful outcomes. It all depends upon the sincerity and patience you invest along with the efforts.
Even today, in order to decorate houses in rural as well as urban areas, people prefer to light candles at birthday parties and other functions as well. A small-scale candle manufacturing business is an excellent way through which budding entrepreneurs can mint huge incomes in no time. The requirements concerning this form of business are significantly less, and thus, this business can be easily kick-started and managed. Acquiring legal, financial, as well as marketing ducks in a row will be helpful in writing a better future for your candle making business.
Synopsis |
1. How to Start a Candle Making Business with a Shoestring Budget? |
2. Guidelines to Follow for Starting a Candle Making Business |
3. Master your Craft |
4. Formulate an Effective Business Plan |
5. Candle Making Business: Opt for a Catchy Business Name |
6. Pick a Legal Structure |
7. Candle Making Business: Define your Products as well as Services |
8. Investment Needed to Commence Candle Making Business in India |
9. Mandatory License & Registrations |
10. Raw Materials Required for Candle Making Business in India |
11. Manufacturing Process |
12. Candle Making Business in India: Candle Making Machine |
13. Safety Guide concerning Candle Making Business |
14. Target Consumers |
15. To Wrap Up |
Another merit of writing a business plan is that it will motivate you to opt for a legal structure for your candle manufacturing business. Picking the right business entity is crucial, and a decision concerning the same must not be taken lightly.
Some common forms of business entities are mentioned below-
You need to consult a tax specialist in case you are facing difficulty in deciding what type of business/legal structure you need for your small-scale business venture. The additional expense may preserve you a lot of pressure down the line, as the model of business structure you decide will transform your taxes, uncertainty level, and other essential factors.
Are you striving to sell candles? Are you willing to take custom candle orders? There is a requirement for you to define the types of products as well as services your business will be offering.
Given below are the questions you need to ask yourself in order to get a better understanding of your products and services.
Now, as you have armed yourself with a business plan, you can utilize it in moving forward to help steer your candle making business in India.
The parameter to measure the investment amount in the candle making business is the scale of operation. For instance, if you are willing to initiate your candle making business at home or within a limited capital, an investment between Rs. 25,000 and Rs. 2.5 Lakh will be sufficient.
Furthermore, if you are willing to kick-start your business venture for a larger commercial operation, your needed investment will be to the tune of around Rs. 10 Lakh. The cost entails automatic candle making machinery capable of delivering about 500 kg/day candle output.
1- If you are endeavouring to drive a candle making business in India, getting a trade license from the local authority will be enough to initiate with.
2- However, if your eyes are set on starting a commercial candle manufacturing business, there are several legal requirements to keep in mind.
3- You would have to leap forward with registering your business.
4- As per your requirement, you can form an LLP, sole proprietorship, OPC, or Private limited company.
5- Furthermore, you must apply for your business Pan Card. Thereafter, you need to acquire Trade License for your candle business from your local authority.
6- In addition to this, you can start a current Bank Account. Also, you may apply for a loan for meeting your working capital requirements and a loan for purchasing machinery. Get your small-scale business registered as an SSI Unit. You can apply for GST registration in order to gear up for your candle making business.
7- Go for Trade Mark registration and secure the name of your brand.
The significant two raw materials needed in the making candles are mentioned below-
Besides the significant raw materials, you need to gather different colours, yarn, decorative items, molds, as well as fragrances. You need to lend distinct attention to packaging for decorative candles as well as gifts.
After arranging raw materials, you should manage to get some equipment for candle making.
Equipment required in the candle making process are mentioned below-
Numerous types of candle making machines are available in the market. Picking the right machinery is a crucial issue in starting the business in a proper way. The improper selection of machines may lead the project to loss-making or limited profit.
On a broad level, candle making machines are segregated into three different types. The three types of candle making machines are Semi-Automatic, Fully-Automatic candle making machines, and Manual Machines. In terms of production quality, costs, and production capacity, all machines are different.
Fully automatic candle-making machines are usually designed with the help of the supreme quality mild steel, CRC pipes and brass pipes to get a longer as well as hassle-free operational life.
Basic, square, circular, radial, colourful, scented birthday types, tea light candles can be built from these machines with compelling production output. You will be obtaining around 240 pieces of production output in a minute. These are also length adaptable and have a water circulation mode.
You are likely to get a different designer mold for classy as well as attractive decor candles apart from these three types of machines. You can create several types of decorative candles like T candles, soy candles, designer birthday candles, numeric candles by using these molds. In India, the price of an automatic candle making machine of standard quality initiates from Rs. 60000.
As wax have a flashpoint and is likely to blast into flame without showcasing any warning sign once it touches that point, you shouldn’t melt wax on or in anything that lacks a similar form of temperature control. The flashpoint migrates in the range of 290-380 degrees on the basis of wax condition. At the time of manufacturing candles, you must follow the safety norms.
Candle making business in India is a small-scale business venture that can be commenced with a shoestring budget. The exceptional profit margin and immense scope to grow has increased the popularity of this form of business among budding entrepreneurs. Through this write-up, we have covered most of the essential subjects concerning the candle manufacturing business. At Aatmnirbhar Sena, we are increasing awareness among the masses with respect to candle making business in India, and we hope that business enthusiasts may understand the worth of this business.
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