{December 19, 2014}   Becoming A Dealer

I think I am going to become a dealer. It isn’t a get rick quick thing and takes some money and time to get into. It’s something I have thought about doing for a long time. I don’t know why I didn’t think of it the other night when I was trying to think of something to get into.

Well I know why because I was looking at a little small store front with no parking spaces of its own. It is in a little down town area where you park and walk to what you want to go to. I stalk the block making two to three passes before I either get a place where I want it or run out of time and park where ever and walk. We are there once a week with the two little ones the closer I can get the better.

Anyway back to my business adventure, I like dealing with cars and trucks. I love to car and truck shop as much or more than most people like to clothes shop or shop for other things in general. I hate to clothes shop or really shop for other things most the time. But if I could shop for cars and trucks and get paid to do it that would be great. Like a dream come true. I get to work around something I like doing. I could set my hours and work around my family. I could hire someone to work for me since they pretty much get paid commission I wouldn’t be putting out money for a worker unless they sold something.

I could also do reposing if I had too. I wanted to get into reposing before but they put a bunch of restrictions on it than when I first looked into it. I have to check again but I think there are loop holes if you are doing it for your own company. I hate the idea of having to take someone’s care away. But many times people will call and try to work something out and deal with you, let you know what is going on. It’s the ones who try to avoid you and not let you know what is going on that I would be most apt to go after. I am sure I will have to go after some of the others as well but like anything else it is part of the job nothing personal. You can’t get to involved in it and become friends with people to the point you can’t separate work from business.

I have researched tonight and I know I have to get a surety bond, tax number, employee id number, training, have an approved lot, Garage liability insurance, fingerprinting and all. Just to turn in the application for approval. It is $300 once its approved and $54.xx for each person that will be fingerprinted.

I am sure there is other stuff that I need as well. I have to call around the next couple weeks and find out what inspections I need what I need to have a approved dealer lot. I know you must have so many parking places for the cars you are going have selling. I am not sure how many you need to start or any other restrictions or inspections I will need either. I also need to figure out the charges for them all how long it takes to get everything done, when, where the next raining class is and cost. How long it takes to get approved to open the doors once you turn everything they want in.

It would be nice if I could get everything in order and have it open by June. Sooner would be nice but I have to do everything find a place see what it is all going to cost and make sure I have the money to do it.

Plus I want my divorce over before I start the process. I don’t want him to try to say he has any claim to any business I start and if we are married he will try every which way to be a a part of it. He will see it as a way to get money and not have to work or pay support if he can get his hand in on it. This another way to stay tied to me make me see him every day or all the time and have to deal with him and share what I started and earned with him. Or for me to buy him out if he tries to say it is part his. I will not do any of the above. If I have to line everything up and sit on it until my divorce is done and open doors the next day.

I am not worried about dealing with the customers and doing the paperwork and making the deals. I am pretty good at dealing with people and doing office work. I’m not to worried about making deals and buying cars either because I love to do it.

My biggest problem is I can tell many times if something is wrong and have an idea of what it is. If the car sounds funny or drives funny, I can check the floods and see if it seems like its been taken care of or if it looks like it has never had anything done to it. I can figure cost of parts and repair. I just can’t make sure it’s what I think it is or check it for a lot of other things that could be wrong and things that could need to be fixed write a way.

Just starting out I am not going to have the money to pay someone and keep them on the books to check them out and do minor repairs. I think I may have an idea on how to work that until I can, really if it works out good I may not have to have that cost all the time at all. I know a lot of people who work on cars. I could sign a deal with one or two of them that they will check the car out for me I would have to pay that off the top. Then if I get it and it needs stuff I need them to take care of I will pay them once the car sells. Once I get a couple of cars sold I could put money aside so that I could pay them upfront for the cost. I know one of two that would more than likely do it for me with no problems. I would even be willing to give them a little more for doing it that way. This so that I can do it and get it done without having big out-of-pocket cost upfront.

A lot of lots around here way over price their cars to me and don’t want to make a deal or come off the price. I want to try to keep it at a fair price to start with, with a little wiggle room to knock a little off so people who want to haggle and feel like they got and even better deal will. But I have to be realistic as well and not price to low and not be able to get more cars, pay bills and help. It will just be one of them things where I have to go out and find supper good deals so that I can come back and sell them at the kind of prices I want to sell them for.

I have a few ideas for ways and places I could get decent cars and trucks other than the auction. I know some of the auctions around here you get pretty decent prices at as well depending on when you go. I just don’t know how good you can check the car out before you can buy it at the auction.

I figure I will start kind of medium to small. Depending on what kind of cars and trucks I can get. Price and work they need will be the biggest reason in how many and what I can buy. I figure if I can get between 10 and 20 care on the lot to start I will be doing ok and can add more as they sell. I hope to have my rent paid on the building and lot for a about 4 months. This way I can take the money from any of the cars that sell the first month and roll most of it into more cars for the lot. Then the second month I would take any money that came in and pay bills and rent then use the other to go toward cars. If I did this the same each month the rent would always stay ahead and I could still keep cars on the lot. If things go good then I hope to be turning a decent profit by the first year.

I know dreaming big. But you know what I figure dream big and stay realistic at the same time. I don’t see anything wrong with having big goals as long as you know that you may not make them in the time frame that you set but that you don’t give up on making them happen. I am one that I will set a big goal like that but know in my mind that it is about a 70/30 chance of it happening in my time frame. But it gives me motivation to work hard. I am ok if I don’t see a decent profit coming in for a couple of years. If it don’t happen the first year it will motivate me to work harder at it. I like a challenge and once I start I don’t give up easy. Like my long-term goal is to turn a decent profit, my short-term goal is to make it happen in a year. If I don’t hit my short-term then it pushes me that much harder to meet my long-term.

I guess I better go to bed for now. It is really late and I have to be up and out of the house by around 9 or so in the morning. Me and the kids are going to meet my friend J and have breakfast. They haven’t seen her and spent time with her in a while.

{December 17, 2014}   Lets Talk Business


I have thought about what kind of business to start again. I had it on my list of things I wanted to do by now (My Goals and Dreams). That and getting a new to us truck. I’m to get a truck in a few months and now I am trying to work things out and open a business of some kind as well.

I just can’t decide what I want to do. I have thought about a baby resale/consignment shop or thrift store. They wouldn’t be hard to start and pretty easy to run. But I just don’t know if that is something I’m really going to like doing once I get into it. I have tried to think of something else I could open but having a hard time coming up with anything.

I am not crafty and don’t want to deal with food and all the extra that goes into that. I have thought about errands runner but I think that it would be too much with 4 kids and until I can get it off the ground and making money I can’t afford a babysitter. They would have to go everywhere with me and sit and wait. I don’t know if it is something people would be interested in either.

I could take their pet to the vet, go shopping for them, get their tags for their car, or pretty much anything else you could think of. I would have set days I did something so that I didn’t have to go to places like the tag office two or three times a week and sit all that time. But if they really needed me to go a different day I could but it would cost extra.

I have thought about doing gift baskets as well but not sure about supply and demand other than holidays and what it would in tell to get all the stuff for the baskets. I’m sure I could find places to get the stuff but I worry there isn’t to much of a market for that. A lot of flower shops do gift baskets already.

I just wish I could think of some other things that would be easy and not to costly to get into. If I could find something from home would be nice too but I am not into mlm and that is about all I can come up with. I know there is more but I draw a blank or don’t have the training for a lot of what I see.

I guess I will have to keep looking and come up with something or just go with one of my first ideas and make it work until I come up with something else.

et cetera
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