Monday, February 23, 2009

My Dream in a Flow Chart....

Exercise #1) My goal is to open my own automotive dealership ("Dars Motors"), specifically a Classic/Muscle Car Dealership. Here are the steps I need to get there:

Research Auto Dealer License Requirements
  • Find out how much the license is.
  • Find out how much the business license will be.
  • Find out the site location requirements for the anticipated auto dealership.
Research Possible Site Locations to Lease/Buy
  • Locate possible areas to open a dealership, considering the demographics and competition.
  • Compare monthly lease payments or the entire cost to purchase a particular lot.
  • Decide which will be cost efficient-buying or leasing a auto site location.
  • Assess how many vehicles will be able to fit in the site loaction, considering how much capital I have to purchase the automobile inventory.
Research Possible Contacts to Provide the Classic/Muscle Inventory
  • Locate and contact auto dealers that can provide the exclusive muscle/classic/hot rod inventory that is desired.
  • Compare buying cars individually or wholesale in bulk if available.
  • Locate an auto transporter once the inventory provider is confirmed. Or, assess whether it would be cost efficient to purchase my own truck & car hauler to transport inventory.
Pay Licensing Fees/Lease Payment(s)/Auto Inventory Costs
  • Apply for auto dealer license and pay the mandatory fee.
  • Pay monthly or annual lease payment.
  • Pay auto transporter/purchase auto hauler.
  • Purchase automobile inventory.
  • Purchase repair & cosmetic tools/supplies.
Prepare Site Location for Grand Opening
  • Paint the site location and purchase signs to display the business.
  • Hire contractors to tar the site location for automobiles.
  • Purchase security cameras/watchdogs/security wrought iron fences.
Unveil inventory at "Dars Motors" Grand Opening!!!!

Exercise #2)

1.Tyler Perry, Tyler Perry Studios, (404) 222-6448
2. Kar Connection (Auto Dealer), http://www.karconnectioninc.com/inventory.html
3. Mrs. Margaret Moore Taylor, Assistant Principal, 3800 N. New England Ave. Chicago,IL. 60634
4. Leaders 1354 (Clothing Store), www.leaders1354.com, 4351 S Cottage Grove Ave
Chicago, IL 60653, (773) 285-1067
5. Jokes and Notes (Comedy Club/Lounge), http://www.jokesandnotes.com, (773)373-3390

1 comment:

  1. I hope that you keep this information on a separate document because this can be considered a future business plan with more thought.

    ReplyDelete