Are you an auto dealer that is just starting out trying to build a business? Or you have been in it for sometime but don't know where you are headed? Don't worry because it's natural, (trust me, I've been there). I have been able to set up a successful auto dealership business and here are my personal lessons on success as an entrepreneur. I've called them the 10 tips for starting a successful auto dealership business. Read them and I hope you learn from them.
1: THE RIGHT PRIORITIES:- Make sure your priorities on which components should come first are clear. Know which components will have the most impact. Repeat the design phase time upon time until the component is simple to use and understand. Begin by seeing the picture of the actual destination you want to see the business land. This helps you navigate through the high and low moments of entrepreneurship.
2: COMMITMENT:- An entrepreneur can only have either results or excuses and not both. Set your personal bar and be responsible for it. Your center of influence is you. Do not procastinate or leave things halfway done. If you really want to be an entrepreneur then put your 100% into becoming one. Forget any other thing.
3: COMFORT IN DISCOMFORT:- Entrepreneurship to me is like a roller coaster; massive highs sometimes, massive lows sometimes. This should be your driving force. The lows are always inevitable, but coming out of a massive low to a massive high can be most exhilarating.
4: STUDY AND UNDERSTAND YOUR TARGET MARKET:- You need to really do your homework on your potential clients and customers. Always ask your customers what they think because you can only sell them what they want to buy and not what you want to sell when it comes to automobiles.
5: BE TRUTHFUL AND SINCERE:- The need for trust and reliability cannot be overstressed in business relations especially with the way people already view car salespeople. Say what you mean and mean what you say. Don't change meeting times and venues. Be reliable and trustworthy.
6: GOOD NETWORKING:- Networking is the best way to get ahead in the modern business world. Offline, attend conferences, after-parties and other events in your field and connect with fellow auto dealers. Online, use facebook, linkedin, twitter and other social media platforms to connect with potential customers, investors, advisors etc. You never know where and how your paths will cross.
7: BE IN BALANCE:- All work no play makes jack a dull boy is a true saying when it comes to entrepreneurship. Take short/daylong breaks here and there. If you burnout, you become very inefficient, and you will burnout if you go too hard for too long. Take a weekend off and recharge yourself once in a while.
8: WORK CAN BE FUN MAKE IT SO!:- I know that starting up is hard work, but that should not stop you from having fun. This part is very easy if you are doing something you really love. So as an auto dealer, do you love cars?
9: PERSISTENCE:- This in my opinion is one of the most important ingredients for auto dealership start up success. The lows we talked about can get so low that you sometimes start to consider giving up. It is persistence that you will need when this lows occur. So whatever happens look ahead and not down. Keep going with persistence you shall come out tops.
10: YOU NEED A BUSINESS COACH:- What you can achieve alone as an entrepreneur has a limit. Engage the help and services of a professional business coach. Take advantage of his expertise.
There you have it, my own 10 tips for starting a successful auto dealership business. What do you think? Do you have other tips you think need to be added? You are welcome to add your comments. Keep looking forward and not down and you shall come out tops.
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