We have a habit to blame it on someone else, and so it happens with Bottled Water Plant Owners as well. Usually they blame it on the Machinery Suppliers, Turnkey Contractors, when they are struggling with their plant. On the surface they may be right, but who has appointed them ? They only, is it not ? So the whole culprit is the Owner Him/Herself. Don't blame the contractor. That's the first thing they should do. Then the recovery may start.
Is it not a Fact ?
The contractor might have supplied/suggested you incorrect set of equipment. It may be a fact. However, have you analyzed the process of how you appointed him ? You will find that you have appointed him without much due dilligence & proper education. And nowadays, everyone thinks he knows all, by virtue of the AI. Please read an article about the DIY trap.
So, How do I bring back my loss making unit into profits ?
- First, analyze the exact amount of loss for a period.
- Factors : Less Sales, No Liquidity ... what is it ?
- Innovate with newer customer segments
- Get rid of expensive Capex-Opex Items
- Monitor Continuously
Looks Simple, Is it really ?
It is. However, getting detatched is more challenging. But you need to take it rationally. You can look at a Video in Hindi on my Channel
