Once you`ve got the financing all sorted out, your next task is to ensure that you use the money with care. The website 3DHubs.com provides some tips on how you can reduce the cost of production in your injection-mold-driven startup: Use the straight-pull mold because other in-mold mechanisms can add between 15 and 30% to costs. Avoid features with undercuts by redesigning the injection mold. This will increase production speed and lower the cost of manufacturing each part. Fit multiple parts in the same mold, which could reduce production time by four-fifths. Stay away from small, unimportant details like text which could increase the time taken to create a mold. Avoid high-grade finishes if the part you are making is not for aesthetic use because such finishes can add to costs. Lessen the part`s volume by reducing the thickness of its wall if this doesn`t lead to a substandard part. Use secondary operations for parts of your production when dealing with lower-volume productions, such as drilling holes after molding rather than using the mold for such tasks. Besides the cost savings specific to an injection-mold-driven startup, you also want to follow general tips on saving, such as using free software, sharing premises, requesting discounts, creating a formal budget, and employing freelance staff for admin and marketing tasks.
