Every car dealer, be it the Grand Junction Ford one or a multi-brand dealer, must have wondered how to start their business, when they came up with the idea.
First of all, you need to understand that this process requires time and money, more or less, depending on the way you would like to operate: as a used cars dealer or you would like to buy a franchise of an already famous dealer.
When you think you have enough money to start this business, the first thing to do is to save more money. Why? Because you will have to spend some every little step of the way. Next, you will have to get a dealer’s license, depending on the state laws. Most often you need to complete a course and pass an exam.
You need then to make sure that you have all the knowledge needed to run a business and have checked all the important things like having people helping you with the accounting and marketing, in case you cannot do it by yourself.
Then, decide if you want to be the only employee and have a one man show or you plan on hiring people to help. Then choose the type of cars you want to sell, create your business plan, choose your location, get a surety bond and don’t forget to register your business.