Car paint job shop: Creating own business

CREATING OWN BUSINESS
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As a form of business idea, car painting is the new job I want to get involved in. Before just picking on car painting, I had to consider some of the aspects that regards to business creation. First one has to consider the target market, in this case the customers, the number of employees I needed, the location where I was to situate my business, my business policies, strategies and other minor aspects. In essence, car painting may be regarded as a waste of time by any people; however, they do not see the potential benefits that underlie this job. As a matter of fact, each and every person who owns a car will once be my client. This is because; cars are manmade and subject to getting worn out. This may prompt the application of a new and fresh coat of paint to make them look better. This is what I thought and discovered that it was quite a good way of making cash and keeping oneself busy. Therefore, all I have in mind is opening up a car painting shop to serve the people with vehicles. This paper will therefore look at the source of funding for my business, the location and why I chose it and the number of employees and why I chose that. To arrive at the conclusions statistical analysis was carried out in relation to the topic of discussion.
Source of Funding
Before one engages in business or starts up a business, they should have a clear source that would fund the business. This funding should be reliable and sufficient enough to uphold the business to the required standard and position in the market. This is just but to ensure that funding does not fail or is insufficient enough to carry out the required chores. In my case, I have a number of funding sources that I have in mind that will ensure the business is up to the required heights. First of all, I have been saving a little cash monthly. This cash is one of the funding sources. However, it should be noted that the funding is not sufficient enough to start up the business. Hence, I have applied for a loan and also requested help form family members and well wishers. The contributions from well wishers will be added to my savings and come up with one source of capital as my own. Put together with the loan, the money will be enabling me to put up the structure, buy the necessary equipment and recruit workers to assist me at the job. The funding is quite sufficient and I have no doubt that it will accomplish my job as planned and the little that remains can be kept in record to serve oth...