Advice needed to start a car buying and selling business..

[LADYC]

Hi everyone i am a young 22 year old girl and i would like to start a small business. I would like to buy and sell cars at a small scale at first and see how it goes. I am still at the first stages of the planning so i am still researching mostly.Is there any advice that anyone can give me that will help me out. Also is £2000 enough to start with or do i need more than that?..if so how much would i need as start of capital.

[JustOneUK]

buy from car auctions in Ireland...sell in the SouthEast, always a winner.

good luck with it.

[fulminant]

Hi there!

Your ideea is not new. The profit rate won't be to high or you may break even in good scenario because of the expenses that this buy-selling process implies.
What you could do is to buy cars refurbish them and get a better price.

Anyhow good luck with your business...


Regards,

Alex

[Ian J]

Buying and selling cars can be a minefield for the inexperienced and I'm not sure that £2,000 capital will provide you with any more than an income on the side.

Do you have the ability to judge whether a car that you are proposing to buy is a good runner or if it is about to fall apart and if the latter do you know how and where to get it fixed economically so that you can still come out with a profit ?

[eversunmamtech]

Get clients or customers first.
Don’t wait until you’ve offically started your business to line these up, because your business can’t survive without them. Having a ready client is very crucial in the first months of your business. Do the networking. Make the contacts.

Don’t do it alone.
A family member or friend that you can give ideas and who will listen sympathetically to the latest businses start up crisis is invaluable.Another alternative is to find a mentor or, if you qualify, apply for a business start up program. Experienced guidance is the best support sytem of all.

Hope this could help.

Good luck!!!