Are you tired of having to do everything your boss deems appropriate? Are you sick of punching a clock for someone else and getting paid less than your worth? If so, it may be time to consider opening your own business. Individuals that go into business for themselves have a lot of things to consider and need to be sure about the move before they make it. That said, it can be one of the best moves you’ll ever make.
Take for example going into the auto battery business for yourself. What needs to be planned? What needs to be purchased? What do you have to think about before you commit yourself to a project such as this? Let’s take a closer look.
You’ll Need a Business Plan
Few things are done without a plan. Spontaneity is not the basis for a successful business, after all. A comprehensive business plan is the first step in starting up a new business from blossoming entrepreneurs. Insight is offered by a business plan as to how your business will grow, how it will operate, and most importantly right now, how your business will get started. Included in your business plan should be the following:
- Information about employees, competitors, and potential customers
- A description of what you’re going to sell
- Accurate and comprehensive financial information
For an easily accessible, solid plan, all of those things most work and play well together.
Rules and Regulations
For all businesses, there are rules and regulations. Some apply, however, to particular niche industries while others are relatively generic, like the need for business registration.
When it comes to the battery industry, there are any number of regulations that must be dealt with. It’s important to understand what’s required by each of these regulations so that your business is in compliance with them. As an example, safe packing and shipping of lithium ion batteries, according to DOT Final Rule HM-224F, is a regulated activity. There are safe packaging options that must be understood and practiced by anyone in the auto battery business.
This is also going to mean that in order to have batteries shipped safely to you, to build up your inventory, it may end up costing more. Find out what the best safe packaging options are at affordable rates before you order.
Consider Your Competition
Too many starting businesspeople fail to consider their competition. Your competitors cannot be ignored, nor can they be taken for granted. Competition is likely going to be fierce if you live in a small town and there is already an auto battery sales store. If, on the other hand, a region is underserved by auto battery shops, that city or town would be a good place to set up shop. You’ll have lots of room to thrive and grow.
Naturally, in this day and age, one cannot ignore online sales. You should always have a website and an email address available for your current and prospective customers. It is perfectly legal for batteries to be ordered online, then picked up at the store or shipped to the home of the person placing the order.
Get Your Van Body, Trailer, Or Truck from Mickey
Mickey Genuine Parts, for the frugal entrepreneur, frequently carries used trailer, truck, and van equipment. You can save a lot of money buying used! We also have resources for truck and van wraps so that your logo and other company information can be displayed on your vehicle or trailer. This is, in fact, one of the smartest things you can do. You’re basically investing in a mobile billboard! When you need service, Mickey is there for you as well. Throughout the United States, we have conveniently located certified service centers. Contact one of the knowledgeable and helpful representatives from Mickey Genuine Parts today for more information.