Got my first round of funding soon..

I don't think there is much of a business plan.



I was about to write a long post, pointing out flaws and questioning a lot of your reasoning, but instead i will sum it up like this...



:bestwish
 
Why wouldn't you want to help me out and point out the flaws? And I do have a plan, I didn't think I needed to post up exactly how I'm going to go about doing things and every single step I'm taking to get credit here??



Aaron
 
Random questions that are rolling through my mind...



What are you doing for insurance?



Where will you be performing the detailing work?



Have you figured out how much it costs you per hour to operate?



I know you mentioned you're on top of things contractually, but have you covered all the bases? What happens IF...? Do you have time tables, milestones, etc. well-defined? You want to protect yourself and your investor, and this isn't easy.



How will you be marketing your company? (What's your value?)



What's your plan to schedule the work? Scheduling and managing the cleanup and maintenance efforts? I do maybe five vehicles a month and I'm always amazed at how things stack up and just how quickly the hours disappear. Fail on this end, and it doesn't matter how good you are with the rotary or what wax you use, or how perfectly you nail the lines on the floor mats. Customers want...and deserve results.



I definitely wish you well. I live in the SF bay area too, and I've often thought there's more to the market than what is currently being covered by the many excellent detailers here. Even in bad times there is a ton of disposable income ready for the taking.
 
VroomVroom said:
Random questions that are rolling through my mind...



What are you doing for insurance?



Where will you be performing the detailing work?



Have you figured out how much it costs you per hour to operate?



I know you mentioned you're on top of things contractually, but have you covered all the bases? What happens IF...? Do you have time tables, milestones, etc. well-defined? You want to protect yourself and your investor, and this isn't easy.



How will you be marketing your company? (What's your value?)



What's your plan to schedule the work? Scheduling and managing the cleanup and maintenance efforts? I do maybe five vehicles a month and I'm always amazed at how things stack up and just how quickly the hours disappear. Fail on this end, and it doesn't matter how good you are with the rotary or what wax you use, or how perfectly you nail the lines on the floor mats. Customers want...and deserve results.



I definitely wish you well. I live in the SF bay area too, and I've often thought there's more to the market than what is currently being covered by the many excellent detailers here. Even in bad times there is a ton of disposable income ready for the taking.



I'm researching insurance as I speak.



The detail work is going to be mobile/at my house. And yes, with the right permits.



I have thought about how much it costs me per hour, and as I get more and more experience, and more and more clients (to hire a co-worker) I make more money detailing, then I do at my day job.

'

The bases are getting covered. I'm trying right now to get everything set-up on my end as the owner, before I dive into the contracts, but everything will be in writing and we do/will have an agreement. Yes, we do have timetables and milestones to reach, but I need the money for marketing to come first, which I'm waiting on right now.



I'm marketing on websites, craigslist, word of mouth (couple of bargain details for first customers, so they bring people to me), and dealerships in order to get my name out there. As lame as it sounds, my value is to not screw the customer, and to provide the best CS possible, which I do pretty well or I wouldn't be in the situation I'm in.



Thanks for the kind words! I do believe there's more potential in the bay area then anywhere else as far as high-end detailing goes. Like I've said, just a matter of finding it and grabbing on to the customers :)



Aaron
 
Good luck to you!!



My advice to you, keep it simple in the beginning. Make sure you have the permits and insurance just to make sure you are covered. I would start out while you are still working your other job. Build your business while there is no pressure. Don't accept a lump sum from your friend. See if you can have access to the money only as you need it. Since you have a job to pay the bills, put the money made from detailing back into supplies and equipment. This way you have the least amount of debt hanging over your head while you build the customer base.



This is one business that can be started with little capital. It sounds like you already have some of the things you need. Impress your clients with the results, not the location or products and equipment on the shelves.



Once again, best of luck to you.



Oh ya!! I almost forgot. Tell the naysayers to shove it up there ***
 
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