Starting a Successful Auto Repair Shop

Mar 20, 2020

Starting a Successful Auto Repair Shop

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According to entrepreneurial research from the US Small Business Administration (SBA), there are more than 30 million small businesses in America. That number is even more impressive when you consider that those small businesses account for 99.9% of our nation’s total businesses, employing 58 million employees.

Small businesses are truly the lifeblood of our economy. And this is a great time to think about starting a business of your own, as sales are on the rise and the business climate is optimal. The NFIB Research Foundation tracks these factors with their quarterly surveys. The foundation’s most recent report showed that entrepreneurs are enjoying noteworthy successes, and “2020 is off to an explosive start for the small business economy.”

There are certainly no guarantees for entrepreneurial success, but it’s unusual to have this number of factors so prominently in your favor. If starting an auto shop has been a goal of yours, this could be the time to take action.

“For many, owning a business is a part of the American Dream and a path to personal wealth.” says a business startup guide from the Advanced Technology Institute. “If you’re a mechanic or working on becoming a mechanic, reaching that dream might start with the idea of opening your own auto repair shop. You can set the hours, work with customers on pricing, specialize in interesting vehicles, and take control over the future of your career. When you work on the shop floor without ownership, your earnings top out at your salary or hourly wage. When you own the shop, the only limit on profits is the capacity of the garage.”

This guide will introduce some of the most important steps required for getting your auto repair shop up and running. They help lay a solid foundation that positions you for sustained success and future growth.

About the Author

Grant Olsen

Grant Olsen

Grant Olsen is a writer specializing in small business loans, leadership skills, and growth strategies. He is a contributing writer for KSL 5 TV, where his articles have generated more than 6 million page views, and has been featured on FitSmallBusiness.com and ModernHealthcare.com. Grant is also the author of the book "Rhino Trouble." He has a B.A. in English from Brigham Young University.

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