Writing A Business
Plan:
Hit the Road With Your 7 Step Business Plan For Auto Parts
Store
A business plan for an auto parts store rides beside the dreams of millions of auto owners. It is absolutely astounding how far the industry has come in such a short time. And best of all is that parts are needed for ALL cars, from the old jalopies to the newest electric gizmos.
The Strength In Your Auto Parts Business Plan
There are junk yards and clean as a whistle modern stores. They, and everything in between, can indeed be very profitable. Your strength as a business owner lies in two things:
- Finding a niche, and
- Expanding it as far as it will go.
Anyone can open a junk yard, and lots of people do. But not all junk yards are successful. There is a strong distinction between the those that really make and those that don't. The successful auto parts entrepreneurs know how to specialize. They don't try to be everything to everyone. The value of the "junk" lies in the fact that it is sort of one kind of junk, and it can be found (i.e., catalogued and traced).
Being able to catalog and trace your parts means that you can create an inventory that has real value. Each individual part may not have much value, but cumulatively it can be substantial. That is a key component to your auto parts business plan: Being able to prove just what you've got. This comes relatively easily to standard brick and mortar stores, but less so to open yards.
The other part of success rests with being able to expand your business as far as it will go, whether that is around the block or around the world. For those with limited inventory, eBay may be an option for both buying and selling. For those with more substantial inventories, create your own website and sell direct.
Your auto parts business plan may be for
- Old Fords
- Rolls Royce
- Chevies
- Imports
- Discontinued domestic cars
- Current parts for current models
- Auto repair shop
- Tire store
- Muffler shop
- Tune up shop
... or thousands of other options. Figure out just what you've got, and you've probably got a fan in the banking business. And don't be disappointed if your banker is a woman. A surprising number of women truly appreciate cars, especially older ons.
Putting A Direction To Your Auto Parts Business Plan
OK. Now you know what you've got. Next: Where do you want to go?
That sounds like an incredibly easy question, but it is a lot harder than it looks. Why are you looking for financing? "Working capital" doesn't cut it. "Paying bills" is worse. There must be a reason you are looking to EXPAND or GROW your business. THAT is what you need to communicate in your business plan.
Once you've got that part under control, pick up a copy of the 7 Step Auto Parts Business Plan:
For more info on the Auto Parts Business Plan, click here
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Writing Your Auto Parts Store Business Plan
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Overall rating: (4.6 out of 47 reviews). Here's a sampling:
Stephanie (NE). "My husband and I wanted to open a shop for Mustang parts, and my 'job' was to get the money. In this day and age, that was no small task. Honestly, I bout three different business plan books, and yours was the only one that made sense."
Doud. "My banker sent me home with a spell checker. He said he had to send it 'down town', wherever that is. It came back from 'down town' all approved, so 'down town' must be a good place."
Patya Viranylova "Business is booming! Whoever said not to open a retail store now didn't know what they were talking about. Manny, Mo and Jack are on the other side of town, so they aren't even competition to us."
C. Shane Johnson (Brookingham MA). "After being laid off twice, I opened my own business. This is the way to go. Thank for all your help."
YOUR REVIEW OF THE AUTO PARTS BUSINESS PLAN
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