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Building A Custom Chopper Motorcycle, Where Do You Start?

So you want to build a custom chopper? I do too, so the first question I asked myself, is where do I start. Should I make a business plan, a schedule, a financial statement, or should I just buy my wife some flowers and blindly proceed? I guess I should do all of the above but not necessarily in that order. I will start by trying to justify this purchase and or endeavor, to do this I will make a list of my reasons for building a Chopper. 1) I want to ride a custom chopper, a totally cool stretched out, fire breathing, gas eating, pavement pounding, old lady scaring, 2 wheel monster. 2) I want to be able to say “I built that” when someone asks me where I got that totally sick bike. 3) I want to be able to customize the bike beyond the standard add on parts I can get for my curre...[Read More]

Truck Wash Business Case Study

Often smart entrepreneurs look for out of the way businesses, things out of the mainstream but businesses, which have a good customer base and steady incomes. This is an extremely interesting story. I had always considered the mobile truck washing efforts to be very profitable and believed that fixed truck washes were a big waste of money. That was until one year when a new franchisee joined our team from Oklahoma City. I run a franchise company called the Car Wash Guys; http://www.carwashguys.com. Turns out the franchisee was formerly employed by Blue Beacon Truck Washes the largest chain of truck washes in the US. They do about $138,000,000 per year with 80 truck washes and the company is very closely held. Tim our franchisee was a truck manager for them and before buying into our franch...[Read More]

How to Become a Successful Independent Artist or Songwriter

By far the most important skill to have if you wish to become successful with anything, is ATTITUDE. An old Chinese proverb once said, “90% of the journey towards success is over once you have stepped outside your front door.” The reason many people fail, is because they’d rather stay in and watch the TV. Of course, that first step outside is a philosophical one. As a musician or songwriter, you spend the vast majority of your time being creative. If you think that writing a great song, or playing an instrument well, is the hardest part of being a successful artist, you are wrong. Despite all the skills you need to know and perfect in order to make your music shine, these pale into insignificance compared with the hard work and other skills you will need to learn in order...[Read More]

How to Start Your Own Concrete Cutting Business

You can start your own business, and be your own boss, as a concrete cutter. Concrete is usually cut, by big powerful hand held cutting machines, with diamond tip cutting saw blades, that are portable, and you can carry in a trailer or back of a pick up truck. Lots of home owners and construction people need concrete cut with a straight line, and don’t usually have their own concrete cutting machine to do the job. Someone remodeling their driveway may want to cut a section out with a straight line, that is where you can come in, and offer them your concrete cutting services. You can look for new concrete cutting machines on the internet, and you can also look for used machine in heavy equipment catalogs and magazines, or also online. You can rent a machine from equipment rental store...[Read More]

Tenant Mix Analysis

The most common problem in tenant mix strategy is lack of focus and relevance. As a common rule, identify your tenancy strengths and build around them and on them. To do this you need to respect and understand what the market and customer needs. Shopping Centres Tenancy mix becomes very important in retail premises of multiple tenants; that will be shopping centres of all sizes and types. A property that does not reach the needs or interest of a customer, is going to fail. A customer wants to be well served in their shopping needs and feel good about it when they visit your property. Visit the competition shopping centre properties nearby to compare them to that which you are currently leasing. You must understand the other properties that you are competing against together with the streng...[Read More]

Advantages of the Online Auction Business Model

Online auctions have become a popular way for many people to make money. The online auction business model includes one party that sells products and services, while another party bids to purchase them. There a number of advantages of this online auction business model. A few of them are listed below. No geographical limitations: This is a strength of the online auction business model that is inherent by the fact that it is “online.” The Internet allows sellers and bidders to participate in online auctions from anywhere in the world. A seller in Japan can put up a doll on an online auction site that can be bid on by bidders that reside in the U.S. The “cost” of participating in an auction is essentially zero. This advantage also increases the number of products and ...[Read More]

Steps To Success In Running A Minibus Company

A minibus driving operation is one of the thriving businesses today. In fact, running a minibus business can be a good asset to enhance your existing vehicle business. If you are living in London, you would notice numerous people taking a ride in a minibus to reach their destinations. This could mean that a minibus driving operation is a potential business opportunity. There are several types of minibus business that you can start off. You may consider starting a minibus hire service, start your own minibus driving operation, provide hired drivers to clients, or run your own company. Considering the existence of bigger minibus companies, starting your own minibus company can be challenging. Nevertheless, this article will walk you through the steps on how to be successful in running a busi...[Read More]

How to Write a Business Plan That Works

Key components in and organisation’s success will depend on a great degree on how well you; can gather and interpret information adapt to change manage staff and resources promote your business look after customers and more. This is where forward planning can help you. A colleague once told me that ‘even a bad plan is better than no plan at all’. A bad plan at least shows that you have given some thought to the direction you want to go in. A good plan takes time and effort, especially the first time you do one and many business owners or operators think they don’t have the time, or don’t see the value in it. But believe me… it is worth the time and effort! It is an opportunity for you to build solid foundations for your business, based on known facts and...[Read More]

Business Planning – Short Term, Medium Term and Long Term Goals

As the owner or executive of a business, you have business goals. You have your 5-year goals or your long-term goals, and then there are steps along the way to reach those goals: medium-term goals and short-term goals. If you were a retailer you might have the following goals: Short term: sell a certain amount each sunny day, a certain amount each rainy day, a certain amount each holiday, weekend and weekday. Medium term: Identify your best suppliers. Establish relationships with the most efficient, timely, reliable and innovative suppliers. Attract a higher number of baby boomers than your competition. Long term: Continue to create innovations in the marketplace that can set you apart from your competition, such as innovative loyalty programs or bleeding edge point-of-purchase technology....[Read More]

The Basic Components of a Business Plan for a Catering Business

Creating a business plan for a catering business may not be as tough as some of us consider. Moreover, developing a business plan is very important for all of us that are interested in starting their own catering business. A catering business plan helps lay the foundation for the main components of your business. It also serves as a vital tool if you are seeking funding for your start-up; since all lenders will request your business plan. Keep in mind that starting a small catering business is also a start-up option which may only require the use of some of your personal savings. The benefit of a catering business plan includes allowing you to focus on the mission and goals as well as identify the basic components of your company. Let us look at the basic points of a business plan for a ca...[Read More]

How To Evaluate A Business Idea For Developing An Enterprise

Why Do You Need A Business Plan? Planning is a process that never ends for all businesses. It is extremely important in the early stages of any venture when the entrepreneur will need to prepare a preliminary business plan. There are different types of plans that may be part of any business operation. These include but not limited to Financial plans, Marketing plan, Human Resource plan, Production plans, Sales plans etc. Plans may be short term or long term or may be strategic or operational. Whatever the type of plan or the function, plans have one important purpose; to provide guidance and structure to management in a rapidly changing market environment. A business plan on the other hand is a written document prepared by the entrepreneur that describes all the relevant external and inter...[Read More]

Business Plan – Purpose and Objectives

A detailed description of a new or existing business, including the company’s product or service, marketing plan, financial statements and projections and management principles, require a plan to be implemented. A document that spells out a company’s expected course of action for a specified period usually includes a detailed listing and analysis of risks and uncertainties. For the small business, it should examine the proposed products, the market, the industry, the management policies, the marketing policies, production needs and financial needs. Frequently, it is used as a prospectus for potential investors and lenders. Think of it as a production line. What’s go in the start are raw materials and unfinished assemblies. Here, the raw materials include: -Talent and init...[Read More]

The Tea Room Business Plan – Mission, Strategy and Tactics

Since the tea room is a relatively simple small business, an elaborate mission statement is overkill. The entrepreneur should decide the reason for the business and what goals the business should accomplish. An example of an effective mission statement is: (The Blue Ridge Tea Room is a fictional tea room): “The Blue Ridge Tea Room will provide only the highest quality, healthy products and services to loose leaf tea drinkers in an environment that is safe, comfortable and attractive and will encourage customers to make repeat visits.” What the mission statement accomplishes is the creation of what the tea room is and the reason for starting the business. It also acts as a framework for managing the long term growth of the business. Tea Room Tip: Keep the mission statement short...[Read More]

Automobile Business Plan – Four Steps to Success

Like other business plans, the contents of an automobile dealership business plan cover four primary steps towards success. These steps are “opportunity”, “capacity”, “activities”, and “results”. Opportunity The industry, customer, and competitive analysis in your business plan proves the opportunity. This should identify that customers in your local market are in need of a dealer of the type you’ve chosen to be because competitors are not fully serving their needs, or because their demographics are changing (more population, richer, poorer, more families, etc.) The opportunity could also be that a certain combination of services by your dealership could improve on what competitors are currently doing. The overall industry situation sho...[Read More]

Constructing a 30-60-90 Day Business Plan

As part of the interview process, many medical device companies will ask the candidate to construct a 30-60-90 day plan. Even if it is not required, doing so will demonstrate to the hiring authority the candidates’ serious intentions towards the particular position they are interviewing for. A well thought out plan will include a preliminary preparation plan in addition to a concise and detailed business plan that includes both tactical and strategic initiatives. I cannot emphasize how important it is to lay out a detailed and well thought out plan. An investment of maybe 3-4 hours will be more than worth the time and effort when the job offer is extended. -Preliminary preparation- Preliminary preparation includes initial company research and is more strategic than tactical. If the c...[Read More]