Starting capital is not only that matters when starting your own business. Ideas are more important. In addition, you have to consider many things from the very start. However, there’s no place for fear. Replace it with enthusiasm and you’ll get more energy to achieve your goals.
So, what kind of business do you want to start? Do you want to sell products or services? What do you think is more profitable in the long run? If you still cannot decide, car washing business might be great investment for you. It may require more money in the beginning, but as time goes there’s pretty much nothing to think about.
Machines are durable, and there’re plenty of places where you can build it. You also have a choice when it comes to employing people. You can build a self-service car wash or you can hire employees to run your business. Of course, whatever you do, take your abilities and possibilities into account. It’s very important to carefully calculate and plan all your investments.
Do some research
You’re not first and only one who came up with this idea. Nevertheless, this should not discourage you. On the contrary, there are many high traffic areas out there, with no competition. All you need to do is to find the right spot by doing some research first. Your potential target are highways or any other high traffic roads with circuits of more than twenty thousand cars per day, with no other car wash service in a range of, at least, a mile. This might be your perfect location.
Paperwork and legal regulations
You’re going to need a working license, that’s for sure. Check what the requirements of local services are; what kind of insurance will you need. Although, in some countries you can do it online, we’re strongly advise you to go and check it personally because you’ll probably need to fill some applications at your area or country department.
Fit in the city plans
Arrange a meeting with city planners in order to get both planning and building approval. You’ll probably have to present your plans, and it will eventually end with verbal agreement like: “Yes, this is going to work.” or “No, something just isn’t right here.” Our advice is to avoid old boring car washes. You have to do something which will differentiate you from others, whether you choose to make it “shiny” or to go retro. It’s important to convince those people that you really mean it, and that your car wash will be unique in their city.
Create good business plan
Now, this is one of the most important things in modern business. The more detailed business plan you have the more attractive you’ll become to investors. There are highly educated professional who do this for a living, so if you’re not sure in how exactly should it looks like, maybe it’s wiser to pay them to make it for you. No matter you’re making a short or the long term business plan, if it looks good to the banks, they will approve you additional credit to develop your business. As you can see, you can only win in the end.
Building the facility
Here comes the interesting part. There are certain alternatives in which you can save lot of money. For instance, if you install a dome shelter instead of facility made of classic materials, not only it will be much cheaper and made of eco-friendly materials, but you’ll also be able to easily settle in the new location if required.
Financials
As we mentioned it before, running a car washing business is great solution for those who have starting capital, because we’re talking about an elaborate job in which you provide service which people do need all the time. This business does not require much additional investment, so once you set everything up, the rest is going to flow. If you’re not to invest all off the money, you can get the rest by getting a loan for entrepreneurs. This might be challenging part, but if carefully prepared your business plan, we’re sure it won’t be a problem at all.
Follow the example of others
Although you don’t want to imitate others, there are certain things which you need to follow in order to become successful as well as they are. This again requires some additional research in terms of their prices and services which will help you to become competitive neighbor.