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Business is not only about working in fancy offices or wearing fashionable suits and ties. It is very much about harnessing your skills and using your talents.
One such talent is making old cars look new again and with the constant rise in car prices, panelbeating businesses are very much in demand.
Starting any business is not only a major life-changing decision, but it also has major financial implications. It is therefore important to do what you do best.
Make sure you know exactly what is involved before you start a panelbeating business.
The premises, customer care and workmanship will determine your success.
As with any other business, you must carry out feasibility studies and market research before investing any money in this business.
Investigate thoroughly the demand for your services and who your prospective customers will be.
Market research can mean the difference between success and failure and many businesses have failed because owners did not consider their target market.
As long as there are cars on the roads, there is a potential market for a panelbeating business.
Vehicles do get scratched and need to be resprayed, even if they don't crash.
For potential clients, examine metropolitan areas or cities and big towns where traffic is congested. A city like Johannesburg is ideal for a panelbeating and spray-painting business.
It is also important to heed advice and find out where to buy the equipment you will need at competitive prices.