need some help from shop owners! - TriStateTuners.com :: Home of Tristate Auto Enthusiast

kunt_masha · 10-19-2007, 03:20 PM

verocious, import intel, r/t, exotic, turbotek, etc etc

im lookin for input on what it takes to start up and run a shop, mainly focused on startup.. its a paper im writing so just lookin for tips from experienced people

-thanks in advance

Excel_Collision · 10-19-2007, 03:33 PM

WOW.. uhh...

hours and hours on the phone for licences, permits, insurance, etc..

working capital... a.k.a. lots of money. cashflow is everything.

a firm business plan for the first 3 years

a trustworthy accountant and lawyer

excellent credit. no way to get around that one.

plenty of experience in the industry you're trying to get into.

plan to be an on-site owner, you can't be an off-site owner and expect things to take care of themselves, especially at first.

you MUST know EVERY DAY of the year, what exactly it costs just to unlock the front door in the morning. every penny has to be tracked and every last expense has to be taken into account.

this is just the beginning. there is so much more to starting a business than most people could possibly understand.

C'DALERIDER · 10-19-2007, 05:24 PM

Quote:

Originally Posted by Excel_Collision

WOW.. uhh...

plan to be an on-site owner, you can't be an off-site owner and expect things to take care of themselves, especially at first.

you MUST know EVERY DAY of the year, what exactly it costs just to unlock the front door in the morning. every penny has to be tracked and every last expense has to be taken into account.

this is just the beginning. there is so much more to starting a business than most people could possibly understand.

+1billion

Great post. Thats all ya need! close the thread now...lol.

poolmike · 10-19-2007, 06:19 PM

Be happy that you are only writing a paper on the issue. It can be a painful process.

kunt_masha · 10-19-2007, 07:12 PM

yea im writing the paper because i do plan on starting a shop eventually

thanks for all the info so far! do you guys own the shop by yourself? or is it a partner, jv type of deal?

kunt_masha · 10-20-2007, 12:53 PM

another question for some of you guys.... what type of career did you do first ? or what career would you recommend to help start a shop later?

thanks again

10-19-2007, 03:20 PM	#1
kunt_masha Tri-State Post Whore Join Date: Jul 2005 Location: Coatesville & Manayunk, PA Member #671 My Ride: wide low dumb e30, heavy slow 350z iTrader: (0)	need some help from shop owners! verocious, import intel, r/t, exotic, turbotek, etc etc im lookin for input on what it takes to start up and run a shop, mainly focused on startup.. its a paper im writing so just lookin for tips from experienced people -thanks in advance __________________ Formerly SlitZ

10-19-2007, 06:19 PM	#4
poolmike Tri-State Post Whore Join Date: Jun 2005 Location: Richboro Member #543 My Ride: '68 Kaiser M715/ '37 Ford truck/'47 Dodge truck iTrader: (0)	Be happy that you are only writing a paper on the issue. It can be a painful process. __________________ 2012 Honda Accord Touring 1968 Kaiser M715 FrankenJeep 1947 Dodge 1.5 Ton Resto-mod 1937 Ford pick-up 1950 Crosley Farm-o-Road

10-19-2007, 07:12 PM	#5
kunt_masha Tri-State Post Whore Join Date: Jul 2005 Location: Coatesville & Manayunk, PA Member #671 My Ride: wide low dumb e30, heavy slow 350z iTrader: (0)	yea im writing the paper because i do plan on starting a shop eventually thanks for all the info so far! do you guys own the shop by yourself? or is it a partner, jv type of deal? __________________ Formerly SlitZ

10-20-2007, 12:53 PM	#6
kunt_masha Tri-State Post Whore Join Date: Jul 2005 Location: Coatesville & Manayunk, PA Member #671 My Ride: wide low dumb e30, heavy slow 350z iTrader: (0)	another question for some of you guys.... what type of career did you do first ? or what career would you recommend to help start a shop later? thanks again __________________ Formerly SlitZ

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10-19-2007, 03:33 PM	#2
Excel_Collision Tri-State Training Wheels Join Date: Sep 2007 Location: Bechtelsville, PA Member #5866 My Ride: ... iTrader: (0)	WOW.. uhh... hours and hours on the phone for licences, permits, insurance, etc.. working capital... a.k.a. lots of money. cashflow is everything. a firm business plan for the first 3 years a trustworthy accountant and lawyer excellent credit. no way to get around that one. plenty of experience in the industry you're trying to get into. plan to be an on-site owner, you can't be an off-site owner and expect things to take care of themselves, especially at first. you MUST know EVERY DAY of the year, what exactly it costs just to unlock the front door in the morning. every penny has to be tracked and every last expense has to be taken into account. this is just the beginning. there is so much more to starting a business than most people could possibly understand.