BusinessHABHow to Start Automobile Repair Business in Nigeria: Starting Automobile Repair Business is a leading business in Nigeria.
and even the world over, given the fact that a good number of Nigerians are car owners.
Right from when automobile was invented, so many opportunities for business have been open within the automobile industry.
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Which is why there is auto repair workshop in every street in the urban cities.
In Nigeria, automobile repair is one of the leading businesses.
That have a lot of opening for business opportunities.
It is the reason that in every auto repair garage.
There are so many cars parked begging for attention, and on daily basis automobile are added to auto repair workshop.
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So irrespective of whether the car is a new car or fairly used car.
What is possible is that soonest or later, these cars will visit auto repair workshop for services.
In as much as people are using their automobile every now and then.
There is possibility that, one day these are cars will have reasons to visit automobile repair workshop.
And if at all the owners of these vehicles decide that their vehicle keep on plying Nigerian roads.
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They will always bring their cars for servicing or repair.
The reason is obvious, every vehicle that is on use must go through the challenge of tear and wear .
Hence, there is need to service or work on these vehicles to improved their functionality.
I am on the know that most of these vehicles owners visit auto repair workshop for several reasons.
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It could be for the purpose of servicing the vehicles.
Or maybe the vehicles have some major damages that needed some things to be fixed, or yet still maybe the vehicles need to be fixed up.
Nevertheless, whatsoever may be the reason of their visit to the auto repair garage.
The owner of the garage is likely to intercept, and translate the visit to monetary benefit.
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Steps to start automobile repair business:
I am about to present all the steps you need to start your automobile repair business in Nigeria.
Should you have any interest of starting one. That is why you need to acquaint yourself with this insight highlighted in this article, and here we go.
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Research about the business:
There is no business you can just rush into like that and expect to break through.
And automobile repair business is not an exemption.
Therefore to start automobile repair business you have make findings on how it is done.
Those necessary requirements are important to start and run a successful automobile repair business in Nigerian.
The needful is to arm yourself with the necessary knowledge about automobile repair.
Get the details, know what is involved, make enquiry before you start your auto repair business.
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Acquire essential knowledge:
You do not need to be a mechanic before you venture into automobile repair business.
But those fundamentals knowledge is important, being a mechanic is an added advantage.
Be that as it may, you will need relevant knowledge in the area of automobile repair business to be able to start you auto repair business successfully.
Apart from accessing the information about automobile repair business.
You can attach yourself with any automobile repair firm as a trainee so as to gain the basic knowledge about the business.
This decision will also expose you to some practical aspect of automobile repair business.
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Start-up capital:
You should not shy away from taking into consideration of what will cost you to start automobile repair business in Nigeria.
This is very important, because without which, you may have difficulties in starting your automobile repair business.
Even though some people are advising that you can start your business with little or no money.
But the truth of the matter is that, should you want your business to start on a promising ground.
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Planning your start-up capital or what it will cost you to start your business on a promising platform will be of utmost important.
Though there are various ways of sourcing for fund to start your business.
You have to decide on the most convenience way of sourcing for your business capital.
It could be through personal servings.
Donations from friends or relatives.
You can even go as far as securing loan from commercial banks reasonable interest rate.
But make sure that anywhere you source for your start-up capital will jeopardize the possibility of breaking through in your business.
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Register your business and get licensed:
In most cases, depending on the scale of your business.
You may need to obtain license to allow you operate your automobile repair business in Nigeria.
And if that is the case, you will not have any option than to obtain your business license.
And this will require getting all the requirements, including training to make the issuance of your license less difficult.
Like I said earlier that sometime.
It will depend on the scale of your business.
So if your automobile repair business will be of corporate scale.
There will be need to register your automobile repair business name with the Corporate Affairs Commission (CAC).
Sometimes you can operate your automobile repair business without registration, but I will support this practice.
I will rather suggest that you register your automobile repair business.
Because it places you in a platform, where you can be transacting business with corporate entities and make your fortune.
Locate a good location:
The location at which you start your automobile will to a large extent determined how profitable your business can be.
That is why a good location is of necessity, and most important requirement.
Make sure that where you locate your business will make your business to thrive.
Where you will have enough customers to subscribe to your services.
Another important you should note while locating where you want to site your automobile repair business is that.
You should not start your business where you have many people doing the same business that you are doing.
Endeavor to look for areas, where you could be the first to begin your business.
Furnish your workshop:
You can succeed in attracting your clients through furnishing your garage with sophisticated equipment.
Providing these equipment will give an indication that you are ready for quality services.
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