Don't worry -- your e-mail address is totally secure. I promise to use it only to send you Business Plan and Start Up Newsletter Coffee Shop Business Plan Sample Financial Plan Financial Strategies Part of our financial strategy has been to provide our customers with real value for their money, and we feel that it is this strategy that provides our company with its best opportunity for financial success.
Tips and Advice A business plan is an indispensible part of the start-up founding process. The doors to business loan providers and investors will remain closed to you unless you submit a convincing auto repair business plan. A number of considerations could help improve your auto composite shop business plan business plan or trucking business plan and make you look commercially savvier.
The right location, a sound financial plan and a concept to ensure customer loyalty are key among them. In this article we will try to give you some food for thought on the way as you write a professional business plan for your auto repair shop.
Please also be sure to check out our article on getting a business loan for your start-up and our mini-guide on becoming self-employed without your own capital for more inspiration to create a business plan.
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Auto Repair Business Plan: The Basics An auto repair shop is a craft business. This means that there are some important prerequisites that you should be aware of as the owner and founder. Depending on your country, you can only start and run a craft business if you have the necessary authorization.
You have to pass a certification exam to be eligible to take vehicle mechanic courses. However, it takes more than this to open a auto repair shop. During the training you master important business knowledge that is indispensable for the management of a company. Ultimately, having a workshop means more than just providing professional services, because it is also a business.
Your auto repair business plan should indicate that you have completed courses but that you also have other skills that could be relevant to setting up and running this establishment.
Auto Repair Business Plan Tip 1: The Relevant Market Every professional business plan describes the market, in which the future company will be active. This is important so that investors can assess potential opportunities and risks, which is especially important for their decision.
You should present the relevant market as concrete and measurable, meaning in numbers.
The German auto repair market for example is divided into two groups. There are brand-bound authorized by vehicle manufacturers and independent auto repairs. In there were 38, auto repairs in Germany, of which approximately 17, were brand enterprises and 20, independent.
The total number of auto repairs has been decreasing steadily in the past years, often due to lack of know-how or poor management. Auto Repair Business Plan 2: Target Group and Offer The choice of the target group is essential. First, you must ask yourself what type of auto repair shop you want to open.
An independent or brand shop? Brand auto repairs are based on the brands or manufacturers that they represent. The target group is then determined by the car brand. Auto Repair Business Plan Tip 3: Choice of Location The choice of location is really important precisely because the total number of auto repairs has been decreasing steadily in the past years.
Where is the competition located? Will you have casual customers? How much is the rent? Is the auto repair easy to see and find A- or B-site?
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All these issues must be considered and weighed when choosing a location. Your professional business plan should also include a site analysis to convince potential backers or investors of the feasibility of your project.
Auto Repair Business Plan Tip 4: Important Legal Issues Since this is going to be a craft business, as stated above, a number of legal restrictions must be observed.Purdue's Shah Family Global Innovation Lab will be a place of learning, exploration and problem solving with international impact.
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