Do you want to start a headlight restoration company? Or you need a sample headlight restoration service business plan template? If YES, then i advice you read on. The automobile industry is one industry that has loads of business opportunities that can easily be accessed by any entrepreneur looking for ways to own a business portfolio in the industry. One of the ways an entrepreneur can start a business in the automobile industry is by starting a headlight restoration business.
Starting a headlight restoration business requires automobile – electrical training, it requires low startup capital and the profitability of the business is largely dependent on the numbers of headlight you can fix in a day or a month. The truth is that it is to your advantage to add other automobile works to your headlight restoration business if you want to make good money from this business.
Headlight restoration business is all about helping cars and truck owners to restore their damaged or malfunctioning headlights. No car or truck owner would want to drive at night without a functioning headlight, simply because it is dangerous and could lead to accident.
Besides, it is a crime to drive a vehicle without headlight. Headlight is just like the human eyes to vehicles at night and that is why vehicle owners ensure that their headlights are functional before hitting the road at night. Now let us quickly go through the 7 steps you need to follow to start your own headlight restoration business from the scratch, and then build it to profitability within the shortest time possible:
Starting a Headlight Restoration Service – Sample Business Plan Template
Table of Content
1. Acquire Automobile – Electrical Training
Starting a headlight restoration business is not one of those businesses you can do without acquiring technical training. As a matter of fact, you would need to enroll in a technical school / college to get trained as an automobile – electrical technician. You can checkup with the colleges or technical schools around you to find out if they offer such course and the requirement for enrolling to obtain a diploma in automobile – electrical course.
More often than not, you would be expected to spend a minimum of 18 months with 6 to 12 months internship training (industrial training) before you can be awarded a diploma. Another option you have in getting trained as an automobile – electrical technician is to go through the informal way by working as a trainee with someone who is already in the business.
2. Gather Experience
It is very important to first work under someone who is already into the headlight restoration business before setting up your own. This enables you garner the required experience that guarantees you success when you start yours. The truth is that field experience is not the same thing as classroom experience.
Classroom training is to prepare you and give you the foundation to build your field experiences on. Hence, ensure that upon graduation, you apply to first work for some couple of years with a company that is into headlight restoration business before establishing yours.
If you are satisfied with the experience you have acquired and you think you are well equipped to start your own headlight restoration business, and then you should take your time to prepare your own business plan. The truth is that if you are able to come up with a good business plan, it helps you to know if you are well prepared to start the business on your own.
If your business plan indicates that you are not ripe to start your own headlight restoration business, then you should go back to the drawing board to re – appraise yourself. Re – appraising yourself could mean going back to acquire more experience, increase your startup capital and savings and any other thing you would need to put in place.
4. Register Your Business
Once you are satisfied with your business plan and you know you have the capacity to start your own headlight restoration business, the next step you need to follow is to register your business with the corporate affairs commission of your country and then obtain your business license. You can also make enquiries with your local authority to know if you would need additional license or permit before you can be allowed to run your headlight restoration business in your city or state.
5. Rent or Lease a Facility for Your Workshop
Of course, you would need a base to operate from and renting a facility is part of what might consume the bulk of your startup capital. If you don’t have enough capital to rent a workshop / garage for your headlight restoration business, you can make use of your house garage if it is accessible. But, if you have enough capital to rent a facility, then you must ensure that it is a facility that is easily accessible and perhaps a facility that is close to a major road or highway.
6. Purchase All the Required Tools and Equipment
There are several working tools and equipment that you would need for your headlight restoration business, just ensure that you purchase original ones. Purchasing the required tools and equipments is another area that you are likely going to spend a large sum of your startup capital.
Part of what you need to do to promote your business is to partner with other auto mechanics around your area especially those who are not into fixing of headlights; you will definitely get referrals from them. You can also print a business card and handbills and ensure that you visit public car parks to distribute your handbills.
You can as well drop off your handbills in all the homes around you. The truth is that you must adopt drastic measure to promote and market your headlight restoration business.
Before I finish, please note that whenever you have the opportunity to help someone fix his or her headlight; ensure that you make use of the correct specification of the bulbs, fuse, wires and casing so that your client won’t have to come back to complain to you.