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Equipment expenses?
Hey guys. I'm drafting a business plan and have a question. I'm currently working full time in a corporate job, but really feel that my passion lies within automobiles. I have been doing a lot of research into going pro with my detailing. If my wife and I decide this is what we plan to do, we are going to move to a larger city where she will work full time and I will work part time and detail part time until I can go full time with detailing.
My biggest question is in regards to start up costs. Been reading Renny Doyle's book, and I agree with one of statements he made. In today's world, it is almost impossible to start with a bucket, soap, and some wax. To me, doing a professional job requires that I have all the supplies I need from the get-go. Steamers, extractors, generators, pressure washers etc. Well, I don't quite have $15k sitting aside for all these supplies etc.
What would you guy's advice be? Should I try and get a small business micro loan, personal loan etc?
The issue with a bank loan however, at least for my bank, is that they don't really provide loans to someone working part-time (which I will be when I first start.)
Any suggestions, advice, or comments you guys provide in the way of startup are much appreciated!
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Super Member
Re: Equipment expenses?
I started small and for every car I did I saved up and bought my equipment as I went along so I didn't have to worry about a loan. Now with every car I do I take half if wht I make and keep that for business thing and the other half in my pocket and it has been working well for me.
One thing I will say is that I highly recommend invest money in training.
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Super Member
Re: Equipment expenses?
Why would you move? I don't see how you would get a start in a new city. When you first start out it really helps to know a lot of people, that is where your customers will come from in the beginning. Word of mouth business is going to be hard to come by when no one knows who you are.
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Re: Equipment expenses?
Originally Posted by Evan.J
I started small and for every car I did I saved up and bought my equipment as I went along so I didn't have to worry about a loan. Now with every car I do I take half if wht I make and keep that for business thing and the other half in my pocket and it has been working well for me.
One thing I will say is that I highly recommend invest money in training.
Oh no doubt. I plan to. I would loveee to sign up for Mike Phillip's Boot Camp but January is a bit soon for me. Thinking about going for the one next May. Chemical Guy's Smart Detailing University looks like a great experience as well. Is this the kind of training you're referring to?
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Re: Equipment expenses?
Originally Posted by rustytruck
Why would you move? I don't see how you would get a start in a new city. When you first start out it really helps to know a lot of people, that is where your customers will come from in the beginning. Word of mouth business is going to be hard to come by when no one knows who you are.
Precisely. I'm moving back to the city where I do know everyone. I live in the middle of nowhere right now because I moved away from my home for my current job.
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Super Member
Re: Equipment expenses?
Originally Posted by jta98z
Oh no doubt. I plan to. I would loveee to sign up for Mike Phillip's Boot Camp but January is a bit soon for me. Thinking about going for the one next May. Chemical Guy's Smart Detailing University looks like a great experience as well. Is this the kind of training you're referring to?
Mikes boot camp for sure I would also look into Renny's training as well. These items will pay off an get you ahead if all your competion.
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Re: Equipment expenses?
Originally Posted by Evan.J
Mikes boot camp for sure I would also look into Renny's training as well. These items will pay off an get you ahead if all your competion.
Oh heck yeah. Love Renny's book so far.
I've had a few curve balls thrown at me in regards to this training however. I, for one, am all for it. I believe that training and education are invaluable. So do others like yourself. A few others though seem to think that one would be better off saving their thousands of dollars for products and equipment and just use your own car/family's car as practice. They say you'd get just as much experience. Not quite sure I agree but hey...
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Super Member
Re: Equipment expenses?
Originally Posted by jta98z
Oh heck yeah. Love Renny's book so far.
I've had a few curve balls thrown at me in regards to this training however. I, for one, am all for it. I believe that training and education are invaluable. So do others like yourself. A few others though seem to think that one would be better off saving their thousands of dollars for products and equipment and just use your own car/family's car as practice. They say you'd get just as much experience. Not quite sure I agree but hey...
You could just learn yourself but learning to get your self to a level that you can perform at from training could take years.
When you learn hands on from those that are true professionals like Mike valuable experience. Yes, it's a huge cost upfront but with all the knowledge and skills that you do gain you can put those into practice right away and end up making that money back very quickly.
With Renny's training you can your wife can go of one price and both work and learn together. He offers a few different training classes but the 5 day one is IMO a no brainer. 4, 8 hour days on learning and training hands on learning everything under the sun in detailing and on day 5 learning how to run your business. Along with that you have a mentor which is huge in this business and is always something that is recommended.
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Super Member
Re: Equipment expenses?
Start small and stay away from debt... that is the best way to have a successful business. I always recommend this book to people trying to start up a business.
Dave Ramseys Entreleadership. its on sale right now for $10 EntreLeadership
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Super Member
Re: Equipment expenses?
Originally Posted by dcjredline
Start small and stay away from debt... that is the best way to have a successful business. I always recommend this book to people trying to start up a business.
Dave Ramseys Entreleadership. its on sale right now for $10 EntreLeadership
good advice there as well
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