First time doing business
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Hi! Anyone thinking of doing business or already doing business? I need advice cos i am going to do a simple and small business for the first time soon. So i was thinking if a car wash company is appropriate. Its during my holiday now so i wanna do the most during the holidays. I wanna know if i need to register or not and any gd advice on doing business. Thanks. Appreciated the help. :D
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well not to said bad comment but i feel like doing business is hard at this time not like last time 20years,30years ago!!!!!
better get some expert,or some with experience hmm car wash company like no need much capital 1 leh.
i think all business need register or kanna caught= FINE!!!
you need to research,read out more about example.
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Is there a legal age to register? like must it be at least 21 years of age to register?
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Originally posted by leovirus88:
Is there a legal age to register? like must it be at least 21 years of age to register?
there are ways to get around it through proxy ..... i.e. not in your name ...
and you need to decide on the nature of you business ... sole proprietor, LLC, company etc ....
you can get a sole proprietor ship registered online (everything is online now) at ACRA for less than 50 dollars ... a Pte Ltd would cost a few hundred dolllars more .... the filing alone is $350 if I remember correctly
if it's a small time thingy, keep it simple, a Pte Ltd would cost you more to wind down and de-register than to register one ...
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wats ur business plan and strategy?
where will the car wash be located?
who doing the washing?
wat brand and wat equipment u using to do the wash?
ur target customers?
how much u going to charge?
wat other svcs will u be providing?
if the shiny new BMW got a hairline scratch due to ur washing, how u going to handle it? -
Well, I will be doing it in my neighbourhood. My target customers will be families who own a car. My business will be simple not long term de cos i wanna use the profits to save for investments. Will giving flyers to the hdb flats work? How much will a car polishing wax cost? Thanks.
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have u go checked out the prices for the equipment required?
if u are going to do for 3 months only, do u think it's going to be fair to your customer?
wat if they are looking for some long-term service?
and why would they trust a kid to take car of their 60k car? -
I see future for this guy. Thats if u actually got around to doing it =P
Best is go do survey urself prices. All these can be calculated. Just need to know the factors internal and external. But then again , knowing too much may put you off to do ur business. N u gonna do it with anyone else ? Man power ? But i worry u gonna meet some real ngiao customers that is gonna eat u alive.
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you wanna become that NTU student isit?
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I think the best thing to when starting a biz is to jump out of the plane first ....
to hell with the parachute ..... that way you'll fight harder ... maro's right ... if you plan and think too much ... your balls will shrink and you'll end up doing nothing ....
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Originally posted by Agenda:
you wanna become that NTU student isit?
I was thinking of replying with this...
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First things first:be careful who u trust:)
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- Get a prime location (preferably nucleated settlements of middle income families)
- Find out the rent of the washing bay (Multi Purpose Carparks washing bay not for free by the way)
- Get your equipments/items/detergent/wax from a wholesaler or compare prices...get 2nd hand equipment first...
- Print out flyers or dissemninate any cheap form of advertisement (remember to put out a disclaimer in fine print that you will not be subjected to any damages to the car subsequent to the washing)
- Lay out a suitable and affordable price for the wash (the industry average is $5...so try to be creative and make packages)
- Rope in siblings/relatives/friends who are willing to help out out of GOODWILL
- Once you have established a firm hold in the washing at the estate you are in..get some car washing babes in bikini to wash the car while the driver is inside..haha
-remember to register the business..(very small sum if i can recall)
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Once you have established a firm hold in the washing at the estate you are in..get some car washing babes in bikini to wash the car while the driver is inside..haha
Remind me of mocca
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Originally posted by eagle:
Remind me of mocca
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My surrounding carparks are open de, dont have multistorey carparks. Do you know if there are any wholesaler who sells secound hand washing equipment? Then how do i go about doing the disclaimer thingy? Thanks. :D
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why not i do everything else for u but u just wash the car?
we split 80-20. -
I am very serious about this issue de. So i really help the sgforums help cos i wanna try doing business and see how far i can go, ya know. I thought people in sgforums are very helpful. I jus wanna know how much does the equipment cost and how to get it, thats all. Appreciate the help once again.
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Originally posted by leovirus88:
My surrounding carparks are open de, dont have multistorey carparks. Do you know if there are any wholesaler who sells secound hand washing equipment? Then how do i go about doing the disclaimer thingy? Thanks. :D
actually that's for you to find out yourself.
doing a business is about networking..knowing the right people who can help you.
if you are clueless about the steps and procedures, don't rush into things..
moreover you mention that you will be doing it during your holidays..given which you don't have enough time to advertise for your own business.
i suggest that you look up the govt related sides for more helplines.
email them, i'm sure they are more than willing to help.
but beware. unless you have a lump sum of captial, else, don't think of starting it if not you will be cheated by the pros in the industry.
do ur planning first..doing a business is not easy task..it could take u a few years to complete your plans, but no worries. the more details u have, the higher ur chances of survival is so that you will be prepared compared to jumping into a war with no weapons nor bullets to fight and win the war (competition among fellow industry players)
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Originally posted by FireIce:
why not i do everything else for u but u just wash the car?
we split 80-20.
Good idea... count me in... me also wanna do nothing and I'll settle for 20 percent only...
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carl's jr anyone?
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business has too much competitions...........
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ok, maybe i need to learn more about car washing. I need to gain car washing experience. Anyone knows any car wash companies that is hiring people? Thanks :D
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kao.. u duno any ting wan to start business..
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tink too much.
be realistic.