The first step is you should answer the following questions below: What is Your Status? Do You Have Any Dependent?
Therefore, learning how to start an auto parts store can be a profitable venture.
Before you open an auto parts store, you must conduct thorough research of your market. Pick a Location As an auto parts retailer, location is important for the viability of your business. Determine the saturation of auto parts stores in and around your prospective area of business.
Research the nature of your potential buyers as well as their purchasing power.
If your store is near any of these big-name retailers, you must create a market entry strategy that ensures the viability of your store. Licenses and Permits States have varying rules and regulations pertaining to business licensing, permits issuance and business registration.
Generally, you must register your business and obtain a general business license. Because you are going to sell auto parts, you must file for a sales tax registration as well. If you are going to sell used auto parts, you might need to obtain a separate license, depending on your business location.
For example, in Georgia, used auto parts retailers need a special business license and a used motor vehicle parts license, respectively. To find out which government agency processes registration and issues licenses and permits in your state, go to SBA.
Hire Staff Hire cashiers and sales staff. The number you will need depends on the size of your store.
Your sales staff must be familiar with, if not experts in, auto parts and the mechanics of auto parts replacement. It helps if they have training in the repair and maintenance of vehicles.Mindspark Interactive. Help Uninstall EULA Privacy Uninstall EULA Privacy. Owning your own retail business is a dream shared by many.
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Aug 17, · This plan lays out your business goals and the measures you plan to take to meet them. You can add whatever information you feel is necessary to your business plan, as long as it relate to the business, such as objectives, steps involved, timeframe and finances%().
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