Are you tired of working for someone else and letting them get paid for it? Do you want to be your own boss? Have you always dreamed of running your own business? Many people today think these things every day; however they believe it is only a dream. Well this dream could become reality by starting an auto body franchise business.
If you are wondering what a franchise business is, it is simply a method that companies use to disperse its products or services through many different retail outlets which are owned by an independent third party. The third parties or franchisees’ are entitled to use trademarks, products, services and even techniques already established by the franchiser (developer/owner). Most of the time the franchiser offers ongoing support and resources for the franchisee to take advantage of. Many franchisers have already accrued many discounts with other business which the franchisee may also use. Depending on the franchise there may be many other benefits associated with running your own franchise!
So why is the automotive auto body franchise business a great way to get into business ownership; just they a look at the numbers. There were 220 million vehicles on U.S. roads in 2003, a figure that had been growing steadily at approximately 5% per year. We can use this figure to project that there will be more than 275 million vehicles on the road in 2008. More vehicles means a larger market, and an increased number of minor accidents as streets and parking lots become more crowded. Every 17 seconds a reported rear end collision occurs, and every 8.5 seconds an unreported rear end collision occurs. The most frequent accident on the road is the rear end collision, at almost 29.7%, and 75% of these accidents occur at less than 10 mph. Fully 12% of Americans had minor damage repaired on their vehicle in the last year alone! 36% of all minor auto body damage is to the front or rear bumper. More than a third!
Compared with other services, auto repair is a real bargain. Over the past decade, the cost of hospital services has risen more than 100%, and the cost of financial services has jumped 90%. Automotive maintenance and repair costs, in contrast, have risen just 44.5%, making auto repair the darling of the service industry.
Now you may be wondering why you should start a franchise instead of starting your own business simply from scratch. Well, the main reason is because 5% of businesses succeed in their first 5 years, meanwhile 75% of franchises succeed in the same time. So you have a much higher chance at succeeding in a franchise business. Another reason is that the franchise already has a working system in place. You will not have to try and fail until you find the solution while wasting your time and money. Another benefit is that there are others out there on your side who can offer advice and suggestions to help your business thrive. Even though there is a system in place it will take your determination and leadership skills to successfully run the business!
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Engineering and technological advances in the automotive industry have created a strong demand for highly skilled auto technicians. The Automotive Technician program at Southwest Tech is certified by the National Automotive Technicians Education Foundation (NATEF) and is designed to prepare the student for an entry level position in this industry. First year students are trained in proper maintenance practices, including engine, cooling, and drivetrain service. Electrical system service and testing, drivetrain, manual transmission and engine repair procedures are also covered. Emphasis is placed on the development of safe work habits, efficiency, and problem solving skills through out the program. Second year students are trained to service air conditioning, steering and suspension, brakes, automatic transmissions, fuel, emission and ignition systems. They work with the latest diagnostic test equipment to develop efficient and reliable diagnostic and repair techniques needed to service and repair today’s automobiles.
Help answer the question about industry automotive
Metal Forming Processes used in Automotive Industry?Hi,
Can anyone inform me about the various types of sheet metal forming processes used in the automotive industry, e.g. a list of the types of metal forming used for building car, etc., if you can, even the details on these types.
Thanks, Jorawar.
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Samantha McCartney –
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So what are you waiting for? Start looking for an auto body franchise that interests you and you could be on your way to starting your own business with an automotive franchise, it is definitely the way to go!
Tags: business, opportunity