My Personal Business Plan (version 1.0)

Eric Porter May 8th, 2012 B (283) Business Plan In the next five years I am planning to create an automotive business. One that will grow from a home based business into a multi-car servicing business. I will begin by offering low maintenance service to friends and fools who want their car fixed cheaply. Automotive businesses are typically expensive, much because of labor costs. Small businesses need an edge which is why they undercut prices to keep up with the larger businesses. I will start off as a single man business, which some may call merely owning a job instead of a business. But I know that in time, as the work load increases I will begin to hire employees. Some of the signs that it will be time to hire an employee(s) will the when the business has grown enough to purchase machines that will enable more work. Machines such as a lift, a rotor turner, a transmission flush and radiator flush machine, etc. With each machine comes more available jobs. More available jobs equals more available customers to help. And with more customers comes a need for more workers. The slogan that mirrors the quality and upmost respect my company will have is “Fix it like its Mothers”. I would never let my mother drive off in an unsafe vehicle just as I would never allow a customer. I plan to work between 45-50 hours per week on nearly 30 customers. I will bring in approximately $5000-$6000 with a profit of $2000 for labor costs. Technology is key in keeping track of money since purchasing parts makes for a huge influx of cash. So technology will be used to keep track of expenses, help with diagnosing problems using automotive diagnostic programs, and advertising.