Startup tips for automotive business

Discussion in 'Articles & Tutorials' started by stevecollin01, Jun 16, 2010.

  1. stevecollin01

    stevecollin01
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    Hello Friends,

    1) Plan: Have a sound business plan that marks your intentions, future ideas, and progress chart and budget clearly.

    2) Bank Account: Open a business account to be used separately for business and income purposes. Do not use it for personal expenses.

    3) Advertising: Make sure you invest properly in the right kind of advertising. Market your product and services to your target audience in an attractive and creative format. Follow a campaign’s progress carefully.

    4) License: Talk to all relevant authorities and ensure that you have all the licenses required to conduct your business and trade.
     
  2. ImranJameel

    ImranJameel
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    Other things to consider when starting a business are rental fees. Consider the type of space you need to rent based on the type of business you have. If you have customers who will visit your business you need to have a storefront property. Take care to do some of your own market research before renting a space.
     
  3. CraigGibbon

    CraigGibbon
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    I think for any business to succeed the foremost thing is have sound business plan,which defines what service or goods your business will provide. It also defines who your customers are, and which market your business should serve. Also, it includes a market analysis, which determines profitability and potential of the market you intend to serve.
     
  4. clydeshaw09

    clydeshaw09
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    That is true Craig, in order for a business to be successful a very good, detailed planning is necessary. I also like to add a number 5 tip.

    5) Hire the Best Crew: Hiring the best people for your business is very important in order for it to be successful. You can't just hire anyone without any experience in that field of work. You need to hire someone who has more experience that will train the inexperience workers.
     
  5. DaveB

    DaveB
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    yes. hire the right people not just friends. they say friends make the worse biz partners
     

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