29.CAR BUSINESS

The first thing that Luis did when he began his Car Assembly and Repair business was to develop a simple business plan. Anyone developing even the smallest business in a developing country should develop a small plan written out and kept by his or her side as they develop their business. This plan can be very simple to begin with. Once your business has grown to a larger size, you will want to develop a full fledged business plan.A great deal of technical information as well as projections of planned expenditures and income for several years is a vital part of a full business plan. This will need to be developed and can be used once the business has gotten started and you know more about the costs of production and the prices you receive for your product.

Here you'll look at many alternative ways of developing a profit making venture. Once you select the area in which you want to develop a business or select the resources for your development ( it could be fish, vegetables, tropical fruits, timber, firewood, or whatever. Now you select the specific activities that will increase the value of the resources processing, packaging, transportation,Then you'll need to choose the best way to raise the money. You may choose from family funds, personal savings, bank loan, development group loans, and then you'll have to decide who are the people you'll want to work with who have the right skills for the necessary jobs.

It is vital that your business have a mission statement. What does your business plan to produce? What kinds of people do you want to serve. How do you plan to be of service to your customers? what do you have to offer. What are you willing to pay to reach your goals. What is your personal motivation? Why are you choosing this business. What is the underlying reason you have to put together all the efforts you will need to keep going in adversity and problems.There must be a deeper desire than simply to earn money if your business is to succeed to its maximum level.

The second step is to determine the need in the area for fuel Car Assembly and Repair s.In order to determine this, it will be necessary to undertake a market survey. Once the market survey was completed, Luis had discovered that there is a need in the local area for a certain quantity of fuel Car Assembly and Repair s and that the need is increasing each day. Fuelwood is getting shorter and shorter and more expensive. Therefore the plan to produce fuel Car Assembly and Repair s is a good one and would result in profitable business that would continue to grow indefinitely.