How Do You Become A Used Car Dealer?
Industry research shows that the used car industry is the largest retail industry in the United States. Used car dealerships outnumber new car dealerships 3 to 1. As with any industry there are special regulations around how to start your own company. Most people have experience in the industry before starting their own dealership. This is because while working for another dealer you can learn all the intricacies of conducting business in your location such as regulations, standards, networking etc. If you’re starting from scratch with no experience, than this is the article for you. Your first step is to determine the type of business structure you will have. Will you have partners or will you be a sole proprietor? Will you want to incorporate or become a limited liability corporation? Create a business plan. Business plans are important for any start up. Most businesses fail because they fail to plan. To learn more about business plans contact your local Small Business Administration
