
Buiness Idea
#1
Posted 10 June 2009 - 08:49 PM
what do you think, would anybody use just a company, acheviable, relsistic, just stupid. posible discount if part of motoring clubs?
any help appreciated
#2
Posted 10 June 2009 - 09:00 PM
what do you think, would anybody use just a company, acheviable, relsistic, just stupid. posible discount if part of motoring clubs?
any help appreciated
I already do use someone like that... only, for the amount off kit you'll need to do all kinds of work, you'll need a bigger van than that... especially if you need to tow.
But good luck. these small companies do work.
#3
Posted 10 June 2009 - 09:06 PM
never know-it could turn into the next RAC or AA
Paul
#4
Posted 10 June 2009 - 09:13 PM
Edited by Dan, 10 June 2009 - 09:21 PM.
#5
Posted 10 June 2009 - 10:07 PM

You would need to get an appropriate road risks Policy to cover your van though which would be considerably more expensive than 'normal' car/van insurance, mobile mechanics are a higher hazard trade due to the nature of the work.
Public/Products Liability is not compulsory either but highly recommended...
You could easily be looking at £1500 a year on Insurance alone which at £15 an hour is a fair bit of work...
#6
Posted 10 June 2009 - 10:14 PM
most repairs require some sort of replacement part.
would you try to keep a lot of items in stock or would you order parts in for each job?
obviously garages can keep cars in over night while the parts are ordered. what will you do?
Edited by curran, 10 June 2009 - 10:15 PM.
#7
Posted 10 June 2009 - 10:18 PM

#8
Posted 10 June 2009 - 10:33 PM
#9
Posted 10 June 2009 - 10:51 PM
You don't need EL cover if you have no Employee's Dan
I don't think a business like this makes much sense as a soul trader, the amount of capital and stock being moved makes limited company status a good idea and all limited companies must have employers liability. A company director is also an employee. Pretty much the only business that can get away without cover is a soul trader, even a family company needs cover if it's limited. Even a soul trader needs cover if they own less than half of the business (as in when a share secured bank loan provides most of the capital).
#10
Posted 11 June 2009 - 05:01 AM
I would imagine that your customer base would grow by word of mouth so doing a good job would be paramount

#11
Posted 11 June 2009 - 09:16 AM
Waine
Edited by wainesworld, 11 June 2009 - 09:17 AM.
#12
Posted 11 June 2009 - 10:09 AM
You don't need EL cover if you have no Employee's Dan
I don't think a business like this makes much sense as a soul trader, the amount of capital and stock being moved makes limited company status a good idea and all limited companies must have employers liability. A company director is also an employee. Pretty much the only business that can get away without cover is a soul trader, even a family company needs cover if it's limited. Even a soul trader needs cover if they own less than half of the business (as in when a share secured bank loan provides most of the capital).
You still don't need EL cover if its just you and you are a Ltd company, they changed the law several years ago relating to it..
The regulations around it are open to interpration somewhat with regards to the latter part of your post regarding ownership of the company but its unlikely that anyone would make you take EL cover if you are a sole trader in that situation, you can't sue yourself as you would always be the author of your own misfortune..
We digress though, personally I think its a good idea if you are doing an odd job here and there for friends & family but the costs of making it a bona fide business are fairly prohibitive for a new start up, you may as well work in a garage..
#13
Posted 11 June 2009 - 04:12 PM
#14
Posted 11 June 2009 - 04:36 PM
#15
Posted 12 June 2009 - 05:59 PM
I'd say advertising and marketing is almost as important as insurance. I'd say at least 90% of people will just think to take their car down to a garage if they have a fault, so you'll need to have some good advertising and marketing to make them think of you first.
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