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Taxi and car hire companies Our Competitive Advantage A close study of the tire retail shops industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry.
We are aware of the stiffer competition and we are well prepared to compete favorably with other leading tire retail shops in Augusta — Maine and throughout the United States and Canada. Our tire retail shop is located in a corner piece property on a busy road directly opposite one of the largest residential estates in Augusta — Maine.
We have enough parking spaces that can accommodate well over 20 cars per time. One thing is certain; we will ensure that we have a wide range sizes of tires from leading manufacturers available in our shop at all times.
It will be difficult for customers to visit our shop and not see the type and size of tire they are looking for. Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us. Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category startups tire retail stores in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.
We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.
We are in the tire retail shops industry to maximize profits and we are going to go all the way out to ensure that we achieve or business goals and objectives. In essence, our source of income will be the retailing of a wide range of tires at affordable prices.
We have been able to critically examine the Retail Market for Auto Tires Industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in Augusta — Maine.
Please note that the above projection might be lower and at the same time it might be higher. We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.
We hired experts who have good understanding of the auto tire retail shop industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Augusta — Maine.
In other to continue to be in business and grow, we must continue to sell the tires that are available in our store which is why we will go all out to empower or sales and marketing team to deliver. We are going to explore all available means to promote our shoe store.
As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Our Pricing Strategy Aside from quality, pricing is one of the key factors that gives leverage to retailing business such as tire retailing business, it is normal for consumers to go to places tire retail outlets where they can get tire at cheaper price which is why big player in the auto tire retail shops industry like Discount Tire, Sumitomo Corporation and co will attract loads of corporate and individual clients.
Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our tires and other products. Start — Up Expenditure Budget In setting up any business, the amount or cost will depend on the approach and scale you want to undertake.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting an auto tire retail store business; it might differ in other countries due to the value of their money. Legal expenses for obtaining licenses and permits as well as the accounting services software, P.
The cost of launching a Website: Please note that this amount includes the salaries of all the staff for the first month of operation. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the start — up capital to 3 major sources.
These are the areas we intend generating our start — up capital; Generate part of the start — up capital from personal savings Source for soft loans from family members and friends Apply for loan from my Bank N. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.
Tire Shop Business Plan — Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure.
We know that one of the ways of gaining approval and winning customers over is to retail our wide range of quality auto tires and accessories a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of six years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Completed Opening of Corporate Bank Accounts: Completed Opening Mobile Money Accounts: Completed Opening Online Payment Platforms: In Progress Application for business license and permit: Completed Purchase of Insurance for the Business: Completed Leasing of facility and remodeling the shop: In Progress Conducting Feasibility Studies: Completed Generating capital from family members: Completed Applications for Loan from the bank:An Alberta kiln-fuel study announced last week by Lafarge Canada is completely different than the one-year tire-burning pilot project the company has applied for at its plant near Brookfield, an.
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