So you want to start an auto fix shop enterprise here are 6 tips to get you started off right.
1) First as with any enterprise write a enterprise plan.
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Business that do not write a enterprise plan normally fail you must know what you expect for the business. Where is it headed? Will you some day have a franchise or will you only have one location? What type of advertising should you do? How much will it cost for shop tool employees tools lifts etc. You must write a plan to know where you are headed. You would not plan a trip with out seeing at a map would you? Make sure to map out your enterprise to see time to come plans.
2) Register for a enterprise license:
Call your local Sba they are the best place to start they can tell you about loans, free publications and so much more. You must register your enterprise with the local city hall call the court house to find out what licenses you will need as they vary from state to state. In my county you do not need a fictitious
name if the enterprise is your name such as David's Car fix but if you want Elite Car fix you must file with the state for a fictitious
name which can be done online.
3) Open a enterprise account:
This is very important you will need an account just for the enterprise to pay for enterprise expenses. This is where a lot of businesses fail they spend enterprise profits on personal bills. In the first few years of enterprise the enterprise must keep 80% of income to reserve itself and grow. I know it is tempting but be careful. Contact you local bank and get a no fee checking account for your business.
4) Get insurance:
You must have stable insurance if you will have employees you will need worker comp insurance and you should check into what ever other liabilities there may be for your area fire, hurricanes,tornado etc. insurance can make or break your growing enterprise if you have insurance and the shop burns down insurance will pay to replace your shop. Or if you have disability insurance for just your self if a one man business. If you break your wrench hand you can reserve the enterprise for months until you get well.
5) Pick a location
The old adage location ,location, location is true with auto fix shops make sure to find a shop right by the interstate or main highway or if you can't put you shop in the middle of your busy town. If you can find a shop location by the highway it will be very lucrative for your business.
6) Advertise
To me this is one of the most important things you can do for your shop. The old adage when you do not advertise a funny thing happens Nothing is true in the auto fix business. The first thing you do if your car needs repairs and you do not know any one to fix it for you. Most citizen would check the phone book go online check the newspaper. A good source of advertising is tow truck associates in you area. What do truck drivers see daily that is right broken down vehicles. Offer them a referral fee for every customer they send you. You could pick up 10 or more fix jobs a month from them alone. Marketing is very important in any enterprise get creative have fun and all the time under promise and over deliver and you will be successful.
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wow, Tips are on real basis and helping much to the new comers to this business.
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