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  • Automotive Business Start Up Tips & Hints ?

    Hello Friends

    1)Business Plan: Any new business must make a business plan so that it is understood what is required to get your business started, what your intentions are for the future and your expectations. The costs you are likely to face and the funds you have to deal with all the required financial concerns. Your business plan should look to the future, perhaps with a 1 year, 5 year and 10 year outline of what your business expects to achieve within that period. If you are required to obtain funds to start your business you will be required to provide a business plan to the Lending institution and this also shows your commitment and thought processes for your intended business and its success.
    2) Bank Account: You need to ensure you open a business account only for your business income and expenses. If you do not use this account for all your business related expenditure and income many times you will find that the income has not gone into the business and yet all the expenses are coming out of the business. This is often the reason why many businesses do not succeed.
    3) Insurance: Ensure that you have all the required insurances to cover the operation of your business and the employees you have relating to the business. You need to consider coverage for insurance for your employees themselves as well as any property insurance such as vehicles left on your premises and also any liability issues that you can obtain insurance coverage for.
    4) License: Make sure that you check with all regulating authorities that you have the correct licenses and all of your staff fulfills all required criteria before you start off with your business. You do not want to outlay all your start up costs only to find you missed a simple step such as a permit that you may be required to have and you are shut down for the offence or required to pay huge fees.
    5) Advertising & Promotion: Make sure that you have an allowance in your estimated costs for sufficient advertising and promotion. Once your business is open you want everyone to be able to find you so make sure that you have allowed a budget sufficient to cover your advertising and branding promotion for a minimum 3 month period if not for the entire year.

    Have a great day
    Thanks for reading
    samual
    Pearl bracelet

  • #2
    Re: Automotive Business Start Up Tips & Hints ?

    Hi

    1.You need to ensure you open a business account only for your business income and expenses. If you do not use this account for all your business related expenditure and income many times you will find that the income has not gone into the business and yet all the expenses are coming out of the business. This is often the reason why many businesses do not succeed. In the initial steps of your business you can expect to run at a loss and this can continue for an extended period of at least 1 year so ensure you are not taking any income from the business unless there is a huge excess of income and it is sustainable, during this first initial set up period.

    Thanks
    Payday Loans

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    • #3
      Re: Automotive Business Start Up Tips & Hints ?

      Hello,
      Thanks for the useful tips that you have added.Please keep sharing information like this. so that we can get interesting knowledge.

      Thank you
      sam
      Designer furniture

      Comment


      • #4
        Re: Automotive Business Start Up Tips & Hints ?

        I think advertising the services, is the core aspect of any business to flourish and reach great heights.With the advent of Internet,it has been made so simple.
        Last edited by CraigGibbon; 01-29-2011, 06:57 AM.
        used car

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        • #5
          Re: Automotive Business Start Up Tips & Hints ?

          Thanks for the tips that you shared here, it is not an easy task to start a new business, and the features you mentioned are really necessary for the effective running of business, a insurance policy gives you financial support and a proper account maintaining also helps to get the most out of your business.

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          • #6
            Re: Automotive Business Start Up Tips & Hints ?

            Advertising & Promotion: Make sure that you have an allowance in your estimated costs for sufficient advertising and promotion. Once your business is open you want everyone to be able to find you so make sure that you have allowed a budget sufficient to cover your advertising and branding promotion for a minimum 3 month period if not for the entire year.
            _________

            Auroinfo India

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            • #7
              Re: Automotive Business Start Up Tips & Hints ?

              Put your customer interest at the forefront of your every business decision. They are your most valued asset, and once you build up a reputation that's what sticks with you, so if people hear that you don't value your customer it will be extremely difficult to change their perception.
              Gary Barzel Manager of Business Development
              FastUpFront: Business Cash Advance and Small Business Loans Company
              Twitter | Facebook

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              • #8
                Re: Automotive Business Start Up Tips & Hints ?

                Thanks for your suggestions. I was thinking about to start an automotive business and was looking for some guidance. You have helped me out a lot.
                Toronto Plumbing | Waste Removal Toronto

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                • #9
                  Re: Automotive Business Start Up Tips & Hints ?

                  I think having a location/store front would be one of the biggest aspects to starting an automotive business so I might add that to the list.

                  Also you will needs lots of specialized tools, equipment and knowledge to get it off the ground so I would put that on the list as well.

                  The list looks pretty good so far and hopefully we can keep adding to it.

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                  • #10
                    Re: Automotive Business Start Up Tips & Hints ?

                    Hello,
                    I think the 3 things that one needs to take care are: -
                    -The Correct Business Plan
                    -The Correct TG
                    -The Correct Market.
                    Small Business in India | Buying Leads | India Finance

                    Comment


                    • #11
                      Re: Automotive Business Start Up Tips & Hints ?

                      Originally posted by samual11 View Post
                      Hello Friends

                      1)Business Plan: Any new business must make a business plan so that it is understood what is required to get your business started, what your intentions are for the future and your expectations. The costs you are likely to face and the funds you have to deal with all the required financial concerns. Your business plan should look to the future, perhaps with a 1 year, 5 year and 10 year outline of what your business expects to achieve within that period. If you are required to obtain funds to start your business you will be required to provide a business plan to the Lending institution and this also shows your commitment and thought processes for your intended business and its success.
                      2) Bank Account: You need to ensure you open a business account only for your business income and expenses. If you do not use this account for all your business related expenditure and income many times you will find that the income has not gone into the business and yet all the expenses are coming out of the business. This is often the reason why many businesses do not succeed.
                      3) Insurance: Ensure that you have all the required insurances to cover the operation of your business and the employees you have relating to the business. You need to consider coverage for insurance for your employees themselves as well as any property insurance such as vehicles left on your premises and also any liability issues that you can obtain insurance coverage for.
                      4) License: Make sure that you check with all regulating authorities that you have the correct licenses and all of your staff fulfills all required criteria before you start off with your business. You do not want to outlay all your start up costs only to find you missed a simple step such as a permit that you may be required to have and you are shut down for the offence or required to pay huge fees.
                      5) Advertising & Promotion: Make sure that you have an allowance in your estimated costs for sufficient advertising and promotion. Once your business is open you want everyone to be able to find you so make sure that you have allowed a budget sufficient to cover your advertising and branding promotion for a minimum 3 month period if not for the entire year.

                      Have a great day
                      Thanks for reading
                      samual
                      Nice tips for Business Start Up..


                      thanks
                      Wanted Poster Template|Cash Receipt Template|Food Journal Template

                      Comment


                      • #12
                        Re: Automotive Business Start Up Tips & Hints ?

                        Hi, I am starting up a new website and am bootstrapping. Forgive me if this topic comes up a lot (I searched ... Automotive Business Start Up Tips & Hints ?
                        Body Armour | Safeguard Clothing

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                        • #13
                          Re: Automotive Business Start Up Tips & Hints ?

                          Originally posted by CraigGibbon View Post
                          I think advertising the services, is the core aspect of any business to flourish and reach great heights.With the advent of Internet,it has been made so simple.
                          I agree with Gibbon marketing is the main part of any kind of business and its progress.
                          phone answering
                          answering service

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                          • #14
                            Re: Automotive Business Start Up Tips & Hints ?

                            The automotive industry is one of the best ways to earn good money but there are a lot of risks too since you wont be able to provide your customers all of the things that they would need (like you can't offer all models of cars or something like that) but in terms of automotive services (like a carwash) that definitely is going to earn well.
                            OSHAcampus.com

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                            • #15
                              Re: Automotive Business Start Up Tips & Hints ?

                              I think advertising the services, is the core aspect of any business to flourish and reach great heights.With the advent of Internet,it has been made so simple.
                              How to be a player

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