How to Start a Custom Motorcycle Business
The process of starting a motorcycle customizing business is like any other business. The only difference is that motorcycle customizing business requires some technical knowledge of how the customization process works to be successful. This post will take you through the process involved in starting a motorcycle customizing business with ease.
1. Draw Up a Business Plan
Once you have made up your mind to start a motorcycle customizing business, the very first thing to need to do is to draw up a business plan. A business plan is more like a manual or map that contains details of your business from start to where you want to be. Your business should contain vital details like the aim and objective of your business, your capital and profit projections for a period. You also need to consider your competitors in the industry and may offer a better service than they already do. You may need to work with a professional to create a viable business plan.
2. Consider Cash for Your Business
After the whole process of crafting up a business plan, the next step is to source for capital. If you already some cash you saved up to float the business, then you are good to go. If not, you may need to source for cash from external sources like loans from friends or financial institutions. There are Small Business Associations that cater for loans for small business startups. You may need to check up any of these.
3. Get a Suitable Location
Your location is another important thing you need to sort out in the process of setting up your business. The area of your business and company matters a lot. Your workshop or garage should be easily accessible and near your customers. The garage should be big enough to contain many bikes at the same time. You may also create a space to serve as a paint spraying and airbrushing booth. Also, there should be stable water and power supply in your garage.
4. Order for Supplies
There are many manufacturers you can order your supplies from. First, you need to carry out a price comparison survey before you make your purchase. You should also ask for discounts since you will be ordering in bulk quantity. Some basic equipment you need includes air compressors, air tools, hoist, evaporating system, and spray guns amongst others.
5. Get Your Employees on Board
Your employees will include technicians and trained mechanic with vast experience in motorcycle customization. You need engineers, mechanics, bodywork specialists, paint sprayers, upholsterers, audio specialists, and electronic specialists. To maintain an excellent reputation for your business, your employees need to be experts in what they do.
6. Be Conscious of Safety Rules
You should put measures in place to ensure that your garage complies with the state, local and federal health and safety regulations for repair shops and garages.
7. Get the Word Out
Gone are the days when the saying ‘build it and they will go’ was effective. You need to advert your business in the business directory in town and other advertisement options.