We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
Starting a Menswear Shop
Starting a Menswear Shop 3 s1 expert advice3,506 views
In making the decision of opening your menswear shop, bearing a few of the essential things in mind is a must. If you also enjoy the retail and fashion work, starting a menswear shop can be the most fantastic and best entrepreneurial decision to make.
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With excellent marketing plan, passion and effort and the tips below, you can have a successful menswear shop in a short period of time. If you want to open your own menswear shop then keep reading for more tips.Decide the Type of Mens Clothing to Sell
There is a need to first decide the type of mens clothing to sell. Just also remember that almost all clothes sold in mens stores can range in different selections. You may choose to stock only the most exclusive sports clothing for men. Take a pick between track pants and team jerseys.
Apart from it, there are also career wear and suits that can meet the taste of even the most meticulous men. It is also good to start a clothing store that combines the different styles of mens clothing. Try looking at the store in the area. And, make a guess if the types of stores are successful in any way. This way, a menswear shop is a good business venture decision.
Find a Reliable and Consistent Supplier
After deciding between the types of clothing to offer to clients, looking for a reliable and consistent supplier is the next best tip to consider. You have to settle with one that supplies you with the best and competitively priced merchandises. This way, you are ensured of a decent profit margin. And thus, it would be a lot easier for you to attract the attention of customers. You are on your way to closing a good deal. Back it up by the most complete and most secure financing to survive the most difficult times.Similar ArticlesSteps to Merchandise ClothingHow to Start a Polo Clothing Store
Determine the Location of the Store
Determine the location of the store for you to truly take advantage of the crowd. From this crowd is the opportunity of earning more. A good location gives you with more independence in terms of design and set-up.
Better to settle with the location and check the zoning restrictions. After doing all these things, you can now decorate the place. The types of mens clothes to sell and the size of the selection help determine the square footage that you need.
Lease or rent a location that has a larger storage space. This way, it would be easy for your team to store the excess supply of merchandises.
Hire Employees and Develop a Business and Marketing Plan
Hire only those employees that specialize in merchandising and retail sales. Better yet, pay all your staff on a commission basis for them to concentrate further on selling all merchandise items.
Apart from hiring employees, developing a business and marketing plan is another suggested tip on starting a menswear shop. Through this plan, all your goals can be clearly outlined for your menswear shop. You can further attract all potential customers through a carefully detailed marketing plan. Other essential factors to include on your marketing plan are radio ads, local circulars, print ads and television ads. Recommended ArticlesHow to make it in the Fashion IndustryWant to know how to get in the fashion industry? Actually, there are important things that need to be considered in order for you to land on this kind of industry.Steps on Starting a Fashion Stylist BusinessWondering how to start a fashion stylist business? You should gather enough knowledge first and learn the basic skills in order to start on the right track.
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3 selina said on May 22, 2016Hi, i want to start a business with my own .my home town is gangtok (sikkim)Jatin beginner adviser said on September 23, 2016Hi @Elina, Let me know your details as I am manufacturer of Men Denim Jeans and I am supplying lot of jeans in Assam and other parts of India. Regards, Jatin, 9818389064, jatinkkakkar@gmail.comjatinkkakkar@gmail.com || ConsultantAkram said on March 12, 2018how to start means wear shop in our village effectively? (All the above fields are required.)
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We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
Starting a Minority Owned Business
Starting a Minority Owned Business 0 8,502 views
If you want to start a minority owned business, you should be aware of the benefits as well as the requirements. At least 51% of the company should be comprised of minorities and only a small business will be granted a certification.
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If youre able to meet with these requirements, you can now receive grants and business opportunities.Did you know that you can find many minority owned businesses these days? In this type of business, the company should be comprised of at least 51% of people that represent minority groups. Since these groups of individuals are underprivileged, the federal government has designed programs that can help them flourish in the business environment. Some entrepreneurs are even taking advantage of this opportunity because of the special benefits and so they look for minorities that can comprise the said percentage. With the special grants and funding available, any business is possible to start. How to Start a Minority Owned Business? Starting from scratch will no longer be a problem since minority owned businesses are given top priority. In fact, special contracts and government bids are usually in favor of the minority business. With the diverse groups that make up the company, it is possible to generate new and better points or ideas that will be beneficial to the business as a whole. In most cases, government agencies and corporate businesses rely in minority ownership to supply them with certain products or items. With so many benefits to enjoy, it is no wonder that the government follows a stringent procedure to provide a business with minority business enterprise certification. The Native American, Asian, Hispanic, and African American communities were able to see hope amidst the tough competition in the market. Now, you can even find women entrepreneurs that are successful. Although racism remains in some areas, corporate environments, and industries, this will not hinder minorities to open their new businesses and excel. To get started, you must write an application. You can check with SBA to find out the basics of writing the application. There are questions that you need to answer. The agency will review the application for fifteen days and the final decision will be released after three months. You can contact the district office of SBA in your area or the Chamber of Commerce. Your business should have less than 500 employees and the annual receipts should not exceed $2.5M. So far, these are the basic considerations. If the company is able to comply and an attractive application can be made, there is a high chance that your business will be granted a certification and the needed funds. With increased networking opportunities, programs, corporate acceptance, and urban revitalization, the minority groups will no longer be at a disadvantage. If youre one of them, this is your chance to show the world that you have the capabilities to excel in your chosen business.
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Feet On Street Door To Door Marketing Face to Face Marketing Street Marketing Field Marketing Direct To Retailer Sales Strategic Field Marketing Marketing Strategy Trade Marketing Marketing Team Sales & merchandising Shopper & Retail Marketing Direct sales Sales promotion Trade sales promotions Promotions team Leaflet distribution Telemarketing
Market Research Field Research Advertising Market Research Compensation Survey Tele Research Test Marketing Brand Market Research Market Feedback Survey Data Collection Customer Satisfaction Studies Industrial Market Research Mystery Shopping Retail Audit Customer Acquisition
We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
Starting a Martial Arts Business
Starting a Martial Arts Business 0 12,305 views
What does it takes to run a successful martial arts business? Know how to start it smart from funding the business rightly, looking for the right location, right staffing, and right facility to having the right policies and advertising strategy.
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Primarily, as in any businesses, a good foundation is what most likely prolongs the lifespan of the business. One source of a good foundation is nonetheless passion. Putting up a business takes a lot of dedication.Most often than not, owners of martial arts businesses have a heart for that sports. It is better to ensure that you have more than enough passion for martial arts to be able to extend that passion to profits successfully. Here are some pointers on starting a martial arts business be it a training school or a martial arts equipment selling business. First is to consider the scope of your martial arts business. Questions like, how much capital is in need? Who will finance the business? Will it be a sole proprietorship, a partnership or a company? Will it concentrate to training kids, men, women or everyone? having a clear picture on how you want to run the business is the best place to start. Next is to look for a strategic location. Location plays an important role. It should be made accessible to the target market; locating your competitors will do great help on choosing your location. Make sure that the location is clean and safe so customers feel comfortable while having their classes. There should also be enough space for the facilities and adequate parking for customers. Consequently, look for your possible suppliers of facilities and equipment as well as staffs. Staffing includes hiring of instructors and assistants. Be sure to have professional instructors, which will also add in building the reputation of the business. Good instructors help in promoting the business. Comes next is the advertising and promotional activity needed to make the business known. If the business is in large-scale operation, select those with wider coverage such as magazines. However, there many low cost advertising techniques, which are also effective for both large and small martial arts businesses. It could be through advertising in local newsletter or school papers. This will help the business reach the youngsters, which is most likely to be your target clients. Likewise, flyers are another advertising method. You may include in it some discount coupon or even free sessions. Sponsoring a free martial arts lesson and encouraging members to bring in friends will also be an effective low cost promotional method. Remember to always provide quality and convenience especially on scheduling lessons and accommodating a newbie. It needs to be full of fun and learning at the same time. To sum it up, a successful martial arts business is dependent on both proper planning and execution. Plans alone will not take your business to where you want it to be unless it has been implemented properly and accordingly. Nevertheless, having a good plan at hand is a good way to start.
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Feet On Street Door To Door Marketing Face to Face Marketing Street Marketing Field Marketing Direct To Retailer Sales Strategic Field Marketing Marketing Strategy Trade Marketing Marketing Team Sales & merchandising Shopper & Retail Marketing Direct sales Sales promotion Trade sales promotions Promotions team Leaflet distribution Telemarketing
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We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
Starting a Matco Tools Franchise
Starting a Matco Tools Franchise 1 9,533 views
Investing in a Macto Tools franchise can be a very satisfying and rewarding business venture for people who are business-driven. Matco Tools has been around since 1979 and has been franchising in the early 90s.
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The company has now grown to be the biggest manufacturing, distributing and servicing automotive equipment in the United States and other parts of the world.Matco Tools has been the place of purpose if they want the best over-haul in their automobile.
Requirements to Start a Matco Tools Franchise For most franchisees, having knowledge in running this kind of business is a plus factor in running the outlet. The company has a minimum requirement to be one of their top-industry providers. A Potential franchisee only needs a liquid cash asset of $25,000 to $50,000 to have a contract with the company. Familiarity in the automotive industry in order for you to standout with the competition is also a must. If you have all this characteristics, Matco Tools is surely the best way to go around. Matco Tools Franchise Start up Cost Starting your very own Matco Tools Franchise will cost from $81,100 to $183,100. There is also no franchising fee required by the company during the contract signing. The company’s website failed to say whether the initial venture will cover the amount need for shop equipment, electric bill, and other operational expenses. The company states that financing, through legitimate banks, will be permissible. Matco has a 10-year contract for those who will meet the criteria in their assessment. The company also has no royalty fee. You can save up on cash asset once you acquired one franchise of Matco Tools. It is generally the cheapest way in investing your money since one or more franchise does not require the payment of royalty fee. Ahead of the expiration of your contract, the company also offers no renewal fee to resign a contract with them. The terms of agreement and the company profile are available through the companys website. Expected Profit in this Franchise Business It is a quick and simple way to get back your investment in a Matco Tools franchise. In just over a year, you can already see the outstanding result and even obtain the investment cost in just a short period of time. That is why, Matco also present its newly signed associates with a gratis site tours on probable spots to put up a franchise. Today the company’s line of products includes over 13,000 different items which makes it a very good business venture. Training and Support from Matco Tools The most basic training in automotive and managing business will be available to those who qualify. This will be held on the spot and in the Matco Tools regional offices. Your staff can also avail this free training, which will include automotive repair, dialysis, oil change and other stuff concerned basic automotive overhaul. Matco Tools Involvement in Promotions and Advertising Matco provide full to capacity support to all of its franchisees using technological advancements like E-mails, newsletters, and other electronic promotions. Other advertising options include TV, print, and Regional advertising. Co-op advertising can also be used by the franchisees depending on the regional network operations.
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1 Organize said on March 4, 2012I am a 20+ year veteran of this company and strongly advise anyone considering this phony opportunity to look elsewhere. Matco Tools has undergone a stunning negative transformation since being acquired by Wall St firm Danaher. Anyone starting one of these Franchises has a 90% chance of failure or termination within 5 years. Ask any one of the THOUSANDS of distributors who have come and gone then lost everything including their homes. These are verifiable facts (All the above fields are required.)
Feet On Street Door To Door Marketing Face to Face Marketing Street Marketing Field Marketing Direct To Retailer Sales Strategic Field Marketing Marketing Strategy Trade Marketing Marketing Team Sales & merchandising Shopper & Retail Marketing Direct sales Sales promotion Trade sales promotions Promotions team Leaflet distribution Telemarketing
Market Research Field Research Advertising Market Research Compensation Survey Tele Research Test Marketing Brand Market Research Market Feedback Survey Data Collection Customer Satisfaction Studies Industrial Market Research Mystery Shopping Retail Audit Customer Acquisition
We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
Starting a Mechanic Shop
Starting a Mechanic Shop 79 s7 expert advice116,090 views
In starting a mechanic shop business there are certain things you need to remember. Ideally mechanic shop business should start within your area.
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You also need to target a particular niche in order for your business to become successful. People hate the idea that their cars wont suddenly start or it needs immediate repair in the middle of the day. Not only the hassle of dealing with towing companies but also it is hard to find a good auto mechanic for it. If you are a person that can deal with automotive problem and can provide solutions for any car trouble, then starting a mechanic shop is the best idea for you.
Where to Start Mechanic Shop Biz
If you dont know where to literally start your mechanic shop business, it will be best to take your expertise and equipment to home, workplace and places where cars most likely to stall. It will be an advantage if you are mobile mechanic shop because you dont need to hire workers. All that is needed are your expertise and some reliable tools. It is said that being a mechanic is a fulfilling job especially when you see people happy after you fix their car. To be a good mechanic shop owner, you need to have strong analytical skills so that you can give solution to any car trouble presented to you.
Before becoming a mechanic or putting up your own shop make sure that you got proper license. Aside from license, you also need some equipment like voltmeter, diagnostic scanners and some little tools that could help fix a car. Similar ArticlesHow to Become a Diesel MechanicWhat does a Auto Mechanic Earn
When you are opting for a mechanic shop rather than a mobile, it is important for you to get a nice location. Choose somewhere close to a commercial area where there a parking lots. There is a possibility that cars would get stalled in this area. There are a lot of considerations when putting up mechanic shop. These can range from a small to large shops. You can add a bay, lifts and even car wash.
Finding Mechanic Shop Clients
Obviously if you open a mechanic business your target market are those people with car. In order to become successful you need to target a particular niche. An example of which are average drivers who got a busy schedule. You can actually work at their car while they are at work. Usually RV parks and camping grounds are the best place to search for potential clients as they are some people that might need assistance. You can also post an ad in a hotel or motels where there a people there that might need your services. Recommended ArticlesHow to Start an Auto Consulting BusinessAre you planning on starting an auto consulting business, but do not know how to get started? These tips to start an automotive consulting business can provide you with the basic information you need to know to start your business right.How to be a Car MechanicDoes becoming a car mechanic is your childhood dream? Maybe it is now high time for fulfill your dream by taking the steps on how to become a car mechanic.
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79 skevin anderson said on February 24, 2009i have done my first and second year heavy duty i have always wanted to own my shop and i need to finish 3 and 4 to get my licence but to do that i need money and work.diamond said on March 27, 2009i want to start my own shop and i live in the heart of brooklyn. i just want to know where do i start and how do i obtain a licence?kenneth said on April 11, 2009I am 13 years old and want to get a early start on my career to owning a mechanic shop, what is the best way to prove i am able to learn all the basics and advanced about cars and what license do you have to have to start a mechanic shop?mike said on April 16, 2009i am 14 and i also want to get an early start on mechanics. what are the first steps i should do?Angel said on May 27, 2009i also would like to know what license i need to get to start my own shop. i not only want to do mechanic but body work to. like a one stop shop for all your need from the basic to extream modifications. what would i need to do it?Joe C said on June 15, 2009hey there guys just wanted to help. I am actually opening my own shop in 2 days. about the licenses you need to check with the city or state planning and zoning dept you live in to see what the require for a business. other than that there is no actual requirement to go to school for a ase cert or anything like that although it does help. getting money for start up is the hard part if this is your first business you will need to get a personal loan. if you cant you will need to borrow from friends or family. so good luck guys!. try starting in your driveway fixing neighbors cars and save the money from that towards a shop!
Joe Clizette Trerotola said on July 15, 2009I like to start my own business as a bike repair shop with two other partners but I don’t know much information of how to go about, from loans to insurance, business partner rights and protection and what establishment to get to start with. I like to find out the pros and cons of owning a business as a mechanic and what the liabilities are. how to avoid any kind of conflicts from the IRS and in what way benefits that kind of job.Denise E. said on August 6, 2009My husband wants to start his own Muffler & Brakes shop, he has been buying things such as welding machines & pipe benders… My question is how much would we need to open & run this type of business? Is there something wrong if we are buying things & we don’t even have a shop yet?Justin R. said on August 23, 2009I’m about to open a small shop, I’m going in to business with a partner. What do i need to start?Roxanne said on September 1, 2009My husband wants to start a shop but is on unemployment. We cant afford to loose it until he produces enough income to cover expenses. So how can we get around this without affecting our income?Ashley W said on September 24, 2009i’m currently an apprentice mechanic at a good garage where i’m learning a lot everyday 🙂 but in the future i want to open a business due to the fact i want to be my own boss and i really want to be successful i know opening a business is a gamble but where do i start? i think opening up would be good as i’m young and have no debts so what better position could i be in? where do i start helllpppp !Michelle Arkansas said on October 14, 2009My husband and I would like to open up a Mechanic shop. I dont know where to start. Where can I obtain information? What all do I need to open the shop. I would like to open my shop no later than 2011.dylan said on October 20, 2009my name is dylanim, 15 and the best way to start a mechanics shop is to have at least 4 years of heavy duties and 1 or two of mechanics depending on your marks so you can get a license but you will need money and people to work for you and have a money management plan for the business. i gonna start a small shop and eventually work out into a bigger shop but you will need at least 4 years of mechanics and 1 or 2 years in mechanicsBasil said on November 3, 2009i dont think you should give advice on how to open up a mechanic garage, from the things you’ve said, its clear you have never worked as a mechanic. “choose a commercial area where there are a lot of parking lots, because cars are known to stall” ??? do i even have to on such a retarded remark? “target market, people with a car” ??? thanks sherlock, i thought you were gonna tell us to start handing out flyers to dogs and cats… “voltmeter, scanner, and some little tools” ??? try $50,000 starting off, mechanics need more tools than any other trade. its not uncommon to spend an average of %100 a week on tools. people please not to seek advice on this matter on the internet, go to garage owners, managers and ask away. the person who wrote this write up has no credentials or experience in this field… and mobile mechanics are not legal in a lot of areas due to environmental/safety issues. enough of my bashing for now… i am a Canadian licensed technician with 7 years experience in the trade along with 2 years in technical college… i have worked in independent garages as well as dealerships. I prefer working in independent garages because the quality of work is much greater vs the flat rate warranty technician who is forced to cut corners just to make his hours for the week (due to warranty pay rate of the manufacture which pays the tech about 40% of what he should get paid). as for owning your garage (which i do not, but as far my knowledge on this topic is…), its all about location, advertising, return customers, fleets, and being firm with your pricing… you dont want to attract cheap customers, who would prefer if a monkey could perform the work on their vehicle if it will bring down the price… good luck everyone, its a tough market with very skeptical customers… be honest, explain things in english for the customer to understand, do not guess, be up to date, focus on your strengths and dont waste time on your weaknesses (for instance, if a mercedes comes in with manufacturer specific diagnostic codes which your scanner cannot retrieve, do not spend all day aiming blindly on fixing the problem, the customer will not want to waste his time and money with no outcome… simply explain that mercedes equipment is necessary for this particular problem. he will respect your honesty which will make him more than happy to come to your establishment for further inspections and work)Skooter said on November 4, 2009Your right Basil, the people who are writing this does not seem like they have any experience at all. I have my own shop and I make good money but I also spend a lot of money, all I have to say to everybody else is to be honest pick another trade to get into because the responsibility is to much for the pay. and b4 long machines will be doing the work on the cars since everything is going high-tech and electric…For those who still want to pursue this trade my advice is not to listen to people you dont know anything about and go to shop owners and managers that license in what they do…and it really dont take a lot of stuff to get your own shop up and going…but it is better for business to (Automotive Service Excellence)ASE Blue Seal, all the tools and they are not cheap, money to back up the mess-ups, employees that are ASE certifies(dont hire them just because they are friends or family because they can cost you money and your shop), and make sure you still have time for your family…But you still have to abide by all the rules of the state, county, and city you live in…And just because you get your business running by yourself dont mean you can’t get shutdown by someone like OSHA because they will rip your wallet right out of your pocket…GOOD LUCK TO EVERYONE… P.S.-FIND ANOTHER TRADE!!!Dinesh.B said on December 5, 2009i am looking for good investing partner for starting an workshop in chennai anyone interested can get in touch with me. i have over 15 years experience in this field.Joe R. said on December 15, 2009Who is the author of this? I am using it as a source and I need the author’s name.James expert adviser said on December 16, 2009@Joe R. There are many authors involved in writing the articles, let me know which article you are using as your source so that i can get you the right author else use as startupbizhub staff in general.Jestin JamesStartup Biz Hub – Senior Advisor (Staff)Brandy said on January 12, 2010Groves, Tx, United States. I have my own mechanic shop. We have been open almost 3 years. I will sell it for the right amount of money$. haha, no really, I would. Find another career path. It takes most people a while to establish their business and get repeat customers. Be Ready to buy special tools at the spur of the moment, it happens all the time. Don’t forget, IF YOU BREAK IT YOU BUY IT!!! Get ready to lose money, Make sure you have enough saved to start(six months to be safe). You have to be a go getter and self motivated. It also helps to have a spouse or significant other who has a great job to handle all of the daily life bills, while you start your shop. If you really want to open your own shop, and you want to skip the hard stuff buy one that is up and running with established customers. Last but not least, Do not let anyone tell you :You can’t! You can do whatever you put your mind to. I did! Good Luck! Don’t forget to pray a lot!carlos said on January 19, 2010well i’m currently in school my dream has always been to open my own shop and well let me say that there is a lot of people that have mechanic shops open telling me the same thing that skooter said to FIND ANOTHER TRADE well that’s his opinion because i love to work on cars and well whenever i fix a car time goes by fast and seams like i have never worked so my point is for anyone who likes the automotive trade is to get ASE certified and go after the dream!!!isaac silburn said on February 22, 2010i am really interested in opening a mechanic shop in 2401 sw 31 ave hollywood floridaJB said on March 21, 2010hey my name is JB. i am a 17 year old female(i graduated at age 15) and i have been in school for almost two years i am going to graduate. i also have 15k put away maybe a little more. i was thinking about buying a house for me to live in and work from there. i have almost all my tools. thats where SOME of the money i saved away will come in handy as well. so out of the 15k i will buy the tools i do need. and build a 7-car grg ( i also took body shop part time and have half a year left to graduate from that) -_- if anybody can help me out. i am trying to plan my life here. since the age 15 lol, rabbitsaysrawr@yahoo.comJason said on March 28, 2010I am interested in setting up a mechanics business and will require some advice, i.e. Initial cost setting up, equipment, qualifications, licenses, etc. I will also consider a partner and am willing to draw up a legal agreement before business begins to ensure there is minimum issues, should any arise. I am experienced within this field and financially secure to establish and grow the business. Your advice and guidance will be much appreciated. Kind regards, Jason.sandy olberg said on April 3, 2010Tucson, Arizona. I have just started working with someone trying to start his own mobile business. Perhaps the two of you can talk and help each other in a business venture?Steve Merkle said on April 9, 2010Yea me and my friend Ray always wanted to open up a mechanic business, and we wanted to do everything there, like body work to a car (spoliers, exhaust pipes, sound systems, etc.) and then performance done to a car too, and we want to do the normal kind of mechanic work too like changing tires and oil. We both want to open up the shop in sturgis michigan and we both want to know if you got any advice for us. Thanks, Stevedanny said on April 11, 2010i am going to college to do an apprenticeship in mechanics is this the right way to go if i want to start my own business later on in life?Andrew said on May 3, 2010If you are in the right $demographics. Fix Mercedes!, That is where the $moneys at! You need to buy a Star Diagnosis System though which is about $14K, subscribe to Star Tek Info’s WIS net $5K per year and buy equipment that is needed down the line to fix them (equipment releases). It gives you the right to charge a premium rate for service ($95 per hour) because who else is going to work on them around your area. There are plenty of other mechanics that fix Fords, Chevys, Hondas, and other streamline normal consumer cars. Its nice, you deal with a whole different bracket of people when you work on these cars. People with $.
Antione Woodley said on May 14, 2010Can anybody email me some info on what I need too start a mobile shop ??chrissy said on May 26, 2010My bf started his mechanic business about a yr now and the business is still really slow. He’s not getting jobs everyday. I thought that by this time he should be getting regular jobs. He’s really good at his job but where his business there are a lot of other mechanic businesses. However his prices are the cheapest so this should have helped bring in the customers but still the business is very slow and it’s a bit distressing. Any advice will be greatly appreciated. Thank you all and best of luck with your business.Shaun said on May 28, 2010I’m 15 about to start college on mechanical engineering and would like to start my own business how do i get a license to start a mechanic business and whats the best way to start???????jimmy harter said on June 8, 2010my brother and i are in the process of buying a operating mechanics shop, (just the equipment and client base, we will be leasing the same building it is operating out of), what are the things that we need to ask for to determine what the value of the business is worth. what permits are involved thanks jimmyKim said on July 12, 2010If you’re looking to own your own business we’ve got one to sell. A well established (almost 20 years) gas station, c-store, espresso shoppe, with two service bays are waiting for you! Contact me for more information.James said on August 6, 2010Look guys first of all…wanna own your own shop? well better start looking for land to build one because if you find one that is going out of business or one that is already for sale likely story is that the business was in a poor location. The cost of building just a standard to port garage is $25.00-$45.00/sq. ft. (depending on your area) You could always go the Cheap route and go with an estimate of around $7900 w/ foundation and $3500/ labor. but never go the cheap route if you are wanting this to be life long. Look long story short. you need to build up your money first. So Go work in another shop. Dont just jump right into owning your own. Work in someone else’s to build up the money for your own and you will learn everything you need to know through time. We cant just tell you what you need to know and u can be successful it doesnt work that way. It takes practice. I own my own mechanic shop for personal use. (It’s connected to my showroom) I build model cars and sometimes I’ll take some customers that need help on theres and just charge like 100 for mechanical and 150 for electrical work (gotta get friend to help with electrical, I’m not so good at it). But bottom line is get a job in a shop to learn the ropes. and for you 13 and 14 year old kids. when you turn 16 or 17 go get a job at jiffy lube or Mineke or something like that its a great way to start out learning.MarissaCisneros said on August 9, 2010Yes, i’m a female but i’m interested in Being a mechanic i want too be an independent woman and Own my own business Shop i need help on how to start it..Any suggestions.? Please email me @ marissacisneros2012@yahoo.com please & thanks. Layne said on October 15, 2010hi guys! i’m a senior in high school in polson montana and eventually i would like to open a shop for tuning and “Suping-” up cars. i’m here asking for any tips hints or suggestions. thanks btww @ marrisa go get em girl there’s nothing wrong with a female mechanic Leandro Tinell said on October 23, 2010Hi my name is Leandro (call me haji)I’m a mechanic. My question is how can i get license permit to be mobile mechanic.What do I need and how much cost thanks. I live in Perth Western Australia Thanks again. Leandro tinellgreg shaske said on December 2, 2010or you could just lease a building like we did, its like 2300 a month not including triple net, still not a bad way to go if you already have clientele matt said on December 15, 2010i am 14 years old and i want to start a business with small moters and work my way up to cars , trucks etc , i was wondering what path i should take for doing this? and also how i get my license permit for a mobile mechanic. thank you for your time.Rita said on January 2, 2011My husband and i would like to open our own auto mechanic shop, does he have to be a license mechanic (ase certi ) he been doing side shops for many years and is working as a mechanic now. we don’t know where to start. Please help us. lake countyDaily Joe said on January 5, 2011This article is very interesting to read. First off in these times it is very hard to start anything (business wise). This country has backed it self into a corner and cannot get itself out of it. Now as far as a muffler and brake shop business goes be prepared to take a nose dive in to the sand. The auto industry is changing very rapidly and now economy vehicles are all the rage. Who can fix them? Only the dealers can do that kind of work. Maintenance? Hmmm well stuff lasts for forever now. Smell where I am going. If you have the drive go after it. I can remember back in the early 80’s and 90’s anything with a muffler and brake shop would of made HUGE MONEY, believe me I knew a guy who owned one that started with nothing. Now I think his shops are struggling and possibly may be closing. In the auto industry business TIMING is everything coupled with a bit of luck. If you are in a position to start a business then go for it. In these days business opportunity is very hard if not impossible. To maintain a business and pay your employees and also provide a decent income and retirement for yourself is hard.Jake said on January 5, 2011@ Layne: First off, let me say kudo’s for your savvy of knowing what you want at such an early age. Now, a couple of questions. Are you looking to open a “Performance” Shop because (A) you have a skill and passion for it? Or (B) because you enjoy being around it and would like to own a business? My name is Jake. My partner and I own BSM Performance in Honolulu, Hawaii. If your answer was B, go to business school, get a job managing an automotive shop and then eventually buy a shop and hire experienced mechanics to wrench for you while you spend your time marketing your service and managing your margins. If your answer was (A) my suggestion would be to have about $150K in liquidity. $50k – $85K to purchase a dynomometer, unless you can work a out a deal to rent dyno time from another shop. Keep in mind that shops that have dynomometers will most likely be direct competitors. You will also need to buy quality tools and a scanner. You will need tuning software. The price depends on the platform you are tuning. And of course you will need to have a place to work on your vehicles, preferably with lifts. Once you are set up, you will need to market your service. The easiest way to do so in the Performance Industry is to build a car, drive down to your local track and start spanking guys on the 1/4 mile or whatever sort of race you prefer. Street Credit goes a lot further than an advertisement in the performance world. If you have any other questions, post your email and I will do my best to answer. Good Luck! @ Everyone except a select few like #16 Basil (awesome post): I think a lot of the contributors to this thread are forgetting one major piece to owning and operating a successful automotive / mechanic business, and that is, that it IS a BUSINESS. My mother is a fantastic baker, but she would go bankrupt if she were to open a Bake Shop because she has no business sense. My point is that just because you have a passion or skill for fixing cars, doesn’t mean that your business will be successful. And if you believe anything from the article above, well then I’ve got some oceanfront property to sell you…… in Kansas.Mannax said on January 18, 2011for all of you, we do not need any license to open a mechanic shop. just open it and use good tools and do consider care of health and safety of your staff and customers and hazardous material disposal stuff.ed said on January 23, 2011hi i live in marshall wi 53559 what i was thinking about was a shade tree garage where the the customer rents the stall and tools and does his own work or for certain price i would to the work i seen this in the service what lic would be needed and any info on how to start this up here.Elaine said on January 29, 2011Does anyone starting up their own mechanic shop or anyone doing an apprentice as a mechanic, interested in obtaining a car for “practical learning”. I recently purchased a new car and thus no longer need my other one. It is a Hyundai Lantra sedan, auto. Can be used for learning on or for “spares and repairs”. I live in Perth Western Australia.Tamil priyan said on February 22, 2011Hello, my ultimate aim is 2 start large mechanic shop, but i dont know knowledge about cars, wt can i do?chris olson said on March 15, 2011i would also like to start my own business, i love working on pickups, preferably a carbonated pickup but fuel injection is ok too. i am a chevy guy but i can work on ford and dodge as well. i am 16 years old and i am pretty smart with mechanics. in my free time that’s all i do. i love lifted pickups. i have a project 1979 chevy shortbox with a 572 with a built th400 trans. the 572 has got a big comp cam, headers, high rise intake, pop up pistons. and other things.i did all the work with my friend. and we are going to open a garage together. any advice?chevy ford said on March 15, 2011chevy never made a 572 so you must have bored the heads? and with that much stuff done to it you must have a strong transmission belt. i like manuals because then you dont need a transmission belt. i also like to put wood pistons in my motor. way more compression. you dont sound smart enough to open a garageMatt said on March 16, 2011Well you are wrong chevy did make the 572. Its a big block alrite. So how about you dont judge people, you got something to say keep it to yourself. So when you this quit trying to sound like you know everything, these are what people say nothing to on what they are saying.ctran beginner adviser said on March 18, 2011To open an auto repair shop it is very important that you have many years of experience in auto repair..obtain your ASE to show your customer that you are experience…you must understand electrical,ac,brake, etc… For example you have to understand how to explain to a customer why their check engine light is on…or what is the purpose of a tps sensor…so my advise is to first educate your-self and have years of on-hand repair. Next, you must have money for equipment…lifts,ac machine,brake lath ,scanner,tire machine…etc. All these are require for a small shop. To open a small shop you are looking at over 100,000 easily in equipment…The best way to get experience is to work in an actual automotive repair shop to see if it is right for you.Tom stereopoulos said on March 25, 2011People have no idea that there are people who will come to ask you to fix the car and they dont pay i had a friend that i hanged out at his shop and he had lots of fights with people with expensive cars that wanted there repair at half cost after it was fixed or not at all a lot of them said i’m not paying you did a bad job and they called police and etc what i would say is forget about the idea in a recession this is got to be much worse i saw this happening in good ole days when people had money and credit think of it now !! what i suggest is you look at GRANDIZER CASH … google those two words i was on the street and living in my car and i had Sneaky ideas and method’s that helped me out the info i have is in two pages you dont need a book … and also you will need a safety deposit BOX at the bank and you will know why .. I hardly worked and i am a Genius my friends tell me i’m smarter then i look …lol good luck AND remember this no one is Gonna give you money these days not even your best friend’s but if your think smart and know what strategies you have to take your almost there GRANDIZER CASH … you will thank me one day many people already doT-Dawg Mechanix beginner adviser said on April 11, 2011I am in the process of opening a vehicle repair & testing station. I am from England, UK. I have been working as a mechanic & vehicle tester for 8 years and fully qualified. I work on behalf of Ministry Of Transport and I test vehicles for road worthiness so I either pass or fail them. It is a legal requirement to test all vehicles every year for safety. Anyway to open a business here in England, first you need strong determination and a business plan drawn up by you, it has all the information about your business such as location, size of premises, rent & rates, your propose market, services your providing, pricing policies, sales forecast, cash flow, number of employees, tools & equipment, insurance, your experience & qualification and many more etc. Then you need lots of money. If you have saved up enough money or are a rich man’s son, then you have no problem otherwise you need to see your bank manager with your business plan and if he is convinced that the business plan seems plausible then he will offer an amount of money depending on how much you put upfront otherwise it’s a nasty reject! It all depends on how big you want to go. You can either buy or rent premises. All these tools & equipment will definitely run into thousands of pounds! You can either buy or lease equipment such as car lifts, dynamo, emission tester, EOBD scanner, tyre changer, air compressor s, etc. Then you got all the legal side such as government taxes, accountant, waste management, traders & liability insurance, etc. So basically to open a modern vehicle repair centre, you would need between £25,000 to 100,000 or maybe more depending on how big you want to go and if you’re buying or lease/renting! There is a hell lot to it and it isn’t easy and don’t forget the long hours especially when you start up. Goodluck…Matty1994 said on April 29, 2011i’m matt i’m 17 i’m in australia i have my full mechanics qualification and half a panelbeating spray painting trade while i was doing my mechanics for 4 yrs i was doing night school in panelbeating and spray painting i’ve worked in panelbeating shops and that Best advice i can give is give it ya best nothing impossible to the young lads up the top of this i think they might get laughed at being 14 if they had there own mechanic shop but what someone said about work on neighbors cars and that they are right atm i’m having a yr off work yet i always have people phoning me up can u rebuild my motor and what not my mates commodore broke down hes into cars i just told him its not rocket science observe and listen but tbh honest i have had enough of working for 23 dollars an hour so i’m going to uni to become a mechanical engineer just for the callange i spent 4 yrs building race cars dyno runs working on wide range of cars fabricating exausts the lot doesnt take much to pick up on if ur really interested and u always have ya side project ok how can i get over 1000bhp then u get a next project car how can i build this to beat my last and so on u loose money and u make money its life but the main thing is to enjoy it while you can … but yea GOODLUCK TO ALL theres good money in the high performance area but think high set ya goals and stick to it :)DirtyD beginner adviser said on May 17, 2011I came on here looking for advice to start an actual shop. I currently run a locksmith/mobile mechanic business, am an ASE master certified auto/light truck technician, and an entry level certified locksmith. I have about $10,000 worth of tools to start with, but most of them are geared toward being a mobile mechanic. I remember what I had to go through to get licensed and bonded to work from my vehicle, but does anyone have any advice on what licenses and permits are necessary to have a stationary shop. I already understand the payroll, overhead, and insurance situation. Just need some advice on what I need to go from mobile to stationary, and whether I can use the same business license. To those who are trying to start up a mobile mechanic business, tread lightly. It takes a substantial amount start up capital, you have to be insured, and you have to obtain the licenses to practice business in the areas you will be working in. You also should have a reliable, professional appearing call vehicle. I use a 2007 F-150 XLT. You should also
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Starting a Life Coach Business
Starting a Life Coach Business 0 12,304 views
A life coach business is just like any other kind of business but it is rewarding and profitable at the same time. Life coaches are becoming popular nowadays due to the fact that a lot of people need directions and focus on their life.
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There are areas that you could specialize in. Choose only one so that you can be good at it. Have you ever imagined having a business that is both rewarding and high paying at the same time? Actually there is that kind of enterprise that exists and it is by starting a life coach business. By opening a life coach business you can help people identify problems when it comes to their business and life. After identifying them then you can coach them on how to overcome those challenges and dilemma. Having a life coach is like having a coach when you are playing a sport. People seek for encouragement and for someone who could push them through their business and life dilemmas. In a life coaching business you consider your market as your client based. You will facilitate and help them to figure out solutions to what they are encountering. As their life coach, you need to listen, to ask question and to be honest. People who seek for life coaches are the ones who are already successful but wanting more as they go on with their life. Other people who hire life coaches want to have a career that is rewarding in nature; it brings about good relationships and improves certain aspects of their life. In a life coach business, you can choose what aspect you want to specialize in when it comes to coaching. You can go for business, career, relationship, retirement, wellness, spirituality, and a lot more. These areas can give an opportunity to perform tasks as a life coach. You could also choose to be business coach as well where corporations can hire you. Things to remember when starting a life coach business The first thing that you need to remember is to assess first if you want to serve as a full time or part time life coach. Get ready with a business plan so that you know how you can manage your operation and business structure. This is very important and can serve as your guide when it comes to the future of your business Choose a name that will suit your business. It is important that you select the right location for your business. Clients can definitely trust you if you have a nice and professional looking office. Think about your budget and financing options Set prices for your coaching services Find a potential market. It is better if you can target a particular niche. Strategize and select some marketing techniques to promote your business Seek life coach courses and certification. Becoming a Life Coach When you have decided to start a life coach business, it is essential to be a life coach yourself. It is a rewarding and fulfilling job whatever area you might want to tackle. There are life coaching courses that are available that can develop your skills and abilities. You could also apply for a life coach certification and license. Anybody could be a life coach. You just need to be determined and well motivated. Remember that life coaching is more than just a career. It is a way of life.
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We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
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Starting a Limousine Company
Starting a Limousine Company 0 6,583 views
If you want to start a limousine company, you have to begin with a good plan. It is important that you settle all legalities of the business. Find a business space that you can lease out and get one limo.
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As you expand, you can hire more drivers and purchase additional limos.Do you want to drive a luxurious car? If you do, you can start your own limousine company. Many people want to enjoy a lavish ride during special occasions and vacations. Since youre just starting out, you can have only one limo. As your business expands, you can get more cars and hire experienced drivers. Like any other types of business, you have to begin with a plan. Without it, you might lose track of the operations. You have better chances in the market if you study the competition and identify the things that you can do in order to market the business more effectively. How to Start a Limousine Company? Check the state regulations with regards to driving limos. This can vary among states and usually, a special license is required to drive this type of automobile. There is a training for limo drivers and be sure to attend. Aside from that, you also have to know something about mechanic repair. Its good if you have background in driving limousines so that you can operate the business smoothly. You should be able to provide excellent customer service to attract more clients. Having competitors is natural but there is a need to identify their weaknesses and use it as your strength. You should know the latest trends in the market and when you have everything settled, you should secure a business license. Never operate a business illegally. It always pays to settle all legalities of the business. There are also special permits that you must obtain. In case youre renting office space, you should also get obtain safety, zoning, and fire inspections. Advertising should be done in advance, at least several weeks before the opening. You can attend networking functions to meet potential clients and be sure to bring some business cards. There are various ways to promote the business when youre just starting out. You should have the business listed in the Yellow Pages and dont forget to arrange for the utilities and phone lines. It is important that clients reach you with ease. You can also give away fliers. As you gain a wider customer base, you can now benefit from word of mouth advertising. When you have one limo, you should work hard and increase the number of limos as you expand. If youre determined and you make use of the right strategies, you can go a long way. Enjoy a steady flow of income and always come up with unique deals to keep up with the competition.
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We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
Starting a Literary Agency
Starting a Literary Agency 3 s5,480 views
Establishing your own literary agency isnt really that hard. With a combined dedication to work and knowledge about the field, you can be a successful businessman. It is just a matter on how you handle your business and employees.
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Just like starting any business field, understanding your preferred career is a must. No businessman has ever experienced great success without familiarity of the job.If you are planning to start building your own literary agency, you need to know its accurate procedures and daily operations. For new businessmen who are hoping to build their dreams with a literary agency, here are some tips that you need to follow: Procedures in Starting Some people claim that establishing a literary agency may be too hard. This may often be heard, especially from those novice businessmen who are not aware of its daily operations and procedures. If you are planning to have this business, you need to check first the legal requirements for your community. Then, take time to decide on a business name. You also need to file papers in case you are planning to incorporate. As a part of its process, it is a must to design a logo of your company. Getting a software program to layout your books is also needed. Tips in Achieving Great Success A literary agency may be small with only one agent or large, having a dozen of agents. Whatever type of literary agency you prefer, it requires a lot of experience, hard work and firmness to build a company that has a good reputation. You also need to be a strong leader, particularly if you have multiple agents. It is also best to be optimistic no matter what you do. With your knowledge and self-confidence, it would be easy for you to compete and be successful. Handling Your Literary Agents If you are planning to establish a literary agency, take time to examine your agents. Every agent has distinct attitudes and perspectives. Some of them are good, while others are not. If you opt to hire a literary agent, make sure that you trust them and understand all your company policies. With a smooth relationship with your agents, expect that everything will go in order. Benefits of Getting Involved with a Literary Agency Owning a literary agency can bring a new phase to your life. With accurate handling of your company, you can be famous not only in the local area, but throughout the world. The only key in achieving your success is hard work. It doesnt include too much capital like other business opportunities. As long as you are making the right decision for your business, you can make it as what you have expected it to happen. Just make sure that you are focusing on your job and subordinates as well.
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3 sJASMINE said on March 15, 2013WANT TO START BUSINESS IN EDUCATION AND PR FIELD AS I HAVE EXPERIENCE OF FOUR YEARS IN EDUCATION INDUSTRY, INDIA, NEW DELHI (CAPITAL OF INDIA)benjamin Mogotsi said on August 21, 2013I want to establish a Literary Agency in Gaborone, Botswana. The country’s literature is still developing and identifying talented writers and promoting them is the core of this business. Please help.Mangaliso Makhubu said on December 23, 2015I want to start a literacy agency Nigel, Gauteng, Ekurhuleni, South Africa. I worked for department of basic education for seven years. I have learners that want to go on with their learning because the department just take them for only six months for level 1, so they want to go on till level 4. (All the above fields are required.)
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We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
Starting a Maaco Franchise
Starting a Maaco Franchise 0 9,491 views
Are you looking for the best franchise opportunity in automotive care? Start a Maaco Franchise today to be in business for yourself and discover many advantages of being a franchisee such as market dominance, extraordinary brand recognition, and ongoing automotive franchise support.
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Maaco was named by Entrepreneur Magazine as the franchise that has “best automotive appearance services.” There are nearly 500 franchise centers currently in operation and their system-wide sales are approaching ½ billion dollars.With more than 37 years of franchising experience, Maaco serviced over 16 million customers. They can provide you with an operating system thats time-tested and unsurpassed in the world of franchises. Their longevity defines their success and unlimited potential. When you own a Maaco franchise, you can expect full support in advertising assistance, technical assistance, operational assistance, and extraordinary brand recognition. Startup Maaco Franchise Financial Requirements With Maaco, you can own your own franchise with only 15% down payment (subject to credit qualification). You can rollover your 401k or IRA into a new business (penalty- and tax-free), take up to 10 years before repaying an SBA loan, and dont require outside collateral in financing your new franchise. Financially, you would need good credit, $250,000-$300,000 net worth, and $75,000 from non-borrowed funds. The total investment that you need would be $296,500 for 15 years, renewable in 5-year options. Training is also extensive with the following steps:
Hands-on training (4 weeks) in King of Prussia, PA, which is the Corporate Headquarters Instruction on customer service procedures, sales, management, and production 6-12 months of oversight in new center development Ongoing development and training on site/virtual Annual conference
Maaco is looking for candidates that have managerial experience, financial management skills, sales aptitude, strong desire and high motivation to succeed, willingness to follow the proven system, and ability to personally devote effort and time necessary to build and manage a Maaco center. Maaco Franchise Business Guide The process of opening a Maaco Franchise is simple. All you need to do is follow this step-by-step guide: 1.Development Process
Provide Confidential Application Attend Webinar Review Franchise Disclosure Document Conduct Due Diligence Visit Maaco Home Office Complete the Agreement and Get the Approval
2.Real Estate
Site Selection Negotiate Site Acquire Financing Assistance Signed Lease Under Construction In-Training
3.Set-up and Opening Operations System Experts will assist you and develop your teams competency in Sales and Management, Estimating, Body Work, and Auto Painting. The Opening Team of Maaco will be on-site at your shop in order to give support and develop the entire phase of systems and operations implementation including:
Center Set-up and Installation Center Staff Recruitment Maacos Operating Systems Staff Training Fleet/Trade Program Development for the Regional Service Accounts Sales and Production Management Financial and MIS Analysis
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We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
Starting a Joint Stock Company
Starting a Joint Stock Company 0 12,248 views
When starting a joint stock company, you will need to prepare for the incorporation. More and more companies these days are now joining forces to be able to keep up with the tough competition in the market. Perhaps youve already heard about mergers and acquisitions especially among big companies.
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Joint companies tend to be more powerful because the strengths of the companies are now combined.Starting Your Own Joint Stock Company More and more companies these days are joining forces to be able to keep up with the tough competition in the market. Perhaps youve already heard about mergers and acquisitions especially among big companies. When starting a joint stock company, you will need to prepare for the incorporation. The new company should be registered with the ROC or registrar of companies. After this, you will now receive your certificate of incorporation. A company should be a legal entity for clients to trust it. During registration, there are documents that you need to submit like Memorandum of Association, Articles of Association, and the agreement for the appointment of the manager or director, and the statutory declaration. Since youre going to start a new stock company, you will have to pick the location. Analyze the locations of both companies and choose the ideal one. If the offices are not properly located, you will need to find a new location for the joint stock company. A central location is good where there is lot of foot traffic and easily accessible. Design the company office properly and buy the needed furniture and fixtures. Other Matters Before the launching of the joint stock company, you should apply for the utilities, phone lines, and the internet. All equipments should be purchased as well. You can hire an interior designer or you can design the office on your own. Choose a design thats attractive and professional since yours is a stock company. The company should also review the employees performance to determine which ones to retain or to layoff. The companys staffs should be competent and reliable to help the company in achieving success. Even if the companies already have business plans, you will need to create a new one since youre starting out as a new company. The changes in the business plan should be carefully incorporated to suit the needs of the joint stock company. With the business license, you can easily attract potential clients. Make everything legal and from the point of incorporation, both companies should have lawyers so that their requirements are met. Preventing potential problems in the future is vital and with a good plan of action, the company will become stronger. Joint companies tend to be more powerful because the strengths of the companies are now combined. Only the best of the best is used to their advantage. The industry is quite competitive and with joint forces, any company can earn greater profits.
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