Written by: Anthony Allen
Fixing vehicles has been your passion for a long time, so is it time for you to start your own auto repair shop? Possibly! Going from employee to shop owner can be a bit of a shock to the system if you've never done it before, but that doesn't mean you shouldn't try. Being your own boss, especially in an industry that brings you a lot of fulfillment can be a great move for your personal and professional goals, as well as job satisfaction.
There's a lot that goes into getting started as a shop owner, so let's discuss starting an auto repair business.
You likely have years of experience dealing with different aspects of running a shop. This is a useful and essential perspective to have as you're beginning your journey as a shop owner. Having not only the knowledge of the intricacies of automotive repair, but also the hands on experience of day-to-day shop life bodes well for you as a budding shop owner.
While it's foundational to have these skills and insights, it's best to gain managerial experience as well if you don't already have it before opening your shop. Ownership means taking everything to the next level, and if you don't already have a basic foundation to build on, the journey of ownership may be more difficult than it has to be.
If you don't already have a nest egg set aside when you decide to strike out on your own, finding funding for your budding auto repair business is a must. There are a few avenues that you could consider, such as:
Starting a business involves making it official, and there's a few crucial things you need to do to make that happen.
Making sure that you have the proper coverage cannot be understated. To operate your auto repair business, you should expect to take out a few policies to cover your bases, such as:
Before you even open your doors, you need to hit the ground running to get the word out about your shop. Starting an auto repair business these days requires a marketing strategy that merges older industry practices with new digital marketing strategies. It can be overwhelming if you don't know where to start. There's a lot out there right now, and not all of it will help your auto repair shop attract that necessary business. So, what are some staple marketing tactics you should use?
We should mention that in our industry, many existing shop owners will be retiring in the coming decade. Purchasing an existing business with a history and reputation may be an option you'd want to consider when pondering ownership rather than starting from scratch. Get in contact with shops in your area to see if there are any opportunities coming available soon.
Tags: Business Ownership
Jun 21, 2021 10:53:00 AM
Many decades ago the electric car felt like a far off futuristic dream. We've heard talk throughout the years of electric cars and their benefits, but somehow the idea never took root in the...
Jul 26, 2021 11:40:00 AM
When it comes to sharing an estimate, this can be a stressful experience for not only the customer, but for the shop. It's a delicate part of the repair process, so as a result, it should be handled...
©2024 Bolt On Technology. All rights reserved.