Financing: Having the parts on hand or an ability to obtain them readilyMarketing: Knowing your market, competition. Every business is financed by it s customer s money, so the name of the game is sales, and service.Insurance: Cover yourself from liability. Anytime you handle someone else s property with or without supervision, you put yourself at risk. Post disclaimers: concerning your policies on money back, warranties , or items left in carsSpecialize: People are looking for price/value of course, but they really want an expert. Be Up Front: Say what s so. Trust is your GOLDEN KEY Don t be afraid to turn away business that you do not specialize in. People appreciate honest, humble, and helpful communication. Difficult work can rob you of precious time and the ability to deal with many others in that time.Accounting: If you are a business man, hiring mechanics then you may be the office, but if you are the mechanic, wear that hat. If you plan to have a successful business and be busy working on cars, then you don t have time to deal with the compliance issues of community, state, federal, as well as tax accounting. Legal Insurance: Different from liability insurance. This is coverage to enable you to ask legal questions concerning your business, review documents, collections, and protect you from law suits filed against you. If you are under 10 employees, this can be gotten for under $50 a month. There is more: Suppliers agreements, Environmental Compliance, Employee Compensation laws, Zoning, Secondary Financing (very important to know where to obtain available funding after you have been open a while, should you need it. Hundreds of thousands of businesses open up every year by experts who know that product and service inside-out, yet 90% of these businesses close within a relatively short period of time and 90% of the remainder close within 5 years, due to mismanagement of finances, taxes, and unforseen challenges.Take advantage of free services available to anyone starting a business. S.C.O.R.E. (Senior Citizen Organization of Retired Executives) through the SBA (Small Business Administration)Other organizations such as United Way have work experience programs where they will pay you to train someone to do a job. The legal insurance available through www.RightsOfTheSouth.com also has new business support which includes free advice in growing your business and free websites to market it. There is a lot of help out there. Just make sure you are not investing with predators feeding off of your eagerness to start a great business. It doesn t always take money to make money. It takes IDEAS. I am a firm believer that there is no such thing as quality at a discount...Just discount quality. Just find a need and fill it and take time to examine all advice and get a second opinion.Look for what s guaranteed.
People aren t coming back to you because you are so good so regardless of what it takes to fix a car, always charge the max you can get away with.
