Industry analyses are critical for contextualizing your startup within an industry setting.
Although you'll need to provide the right information, you'll also need to be careful to avoid common industry analysis mistakes because the wrong tone and content here could negate all of the hard work you've invested in the rest of your business plan.
Benefits of Mobile Auto Repair Auto service and repair businesses aren't new they've been around ever since the day after Henry Ford started rolling Model T's off the production line.
But entrepreneurs are taking the business to a whole new level with mobile auto service and repair outfits.
Consider Franchising Would you risk your startup investment on a coin toss? But if you're launching a traditional startup, that's essentially what you're doing - gambling your future on a 50/50 shot at success.
To protect your investment, it's worth considering the possibility of starting a franchise.But despite the attraction startups have for many entrepreneurs, you should also consider the benefits of buying a mobile auto service and repair business.The current economic climate is a buyer's market if you have enough capital to start a mobile auto service and repair business, you should have no problem financing the purchase of a mobile auto service and repair business that has a solid earnings history and a workable business model.Along the way, you'll want to secure relationships with parts suppliers in every area your company does business, just in case you need a specific part that's not in your inventory.Expansion opportunities for mobile service and repair companies aren't limited to increasing the size of your territory.Leading franchisors offer the support and resources that are often lacking in startups.More importantly, the right mobile auto service and repair business franchise offers a turnkey system for turning your dreams into first-year profits.Office parks are popular targets for mobile service and repair businesses because they represent a high volume of potential customers with vehicles that are dormant for much of the workday.A carefully orchestrated flyer campaign in a handful of office parks can keep your business afloat for weeks or even months.But your business plan won't be finished until you've included material about your industry.The absence of a thorough industry analysis may incline lenders and/or other external stakeholders to take a negative view of your company.