How to Start a Carwash: From employee to entrepreneur - Professional Carwashing & Detailing

How to Start a Carwash: From employee to entrepreneur

Four tips for a smooth transition into launching your own business.

In the article, “How Not to Go Broke When Starting Your Own Business,” featured on Money’s website, www.time.com/money/, Elaine Pofeldt writes about the importance of planning when making the switch from employee to employer.

Pofeldt shares in the article the success of Stefanie Smith, who left her career at Grant Thornton to start her own boutique firm with a goal to provide more flexible and customized services to her clients than she could in a staff position.

“That was in 1996. Today, she has no regrets that she has poured her energies into her business, Stratex Consulting [and Coaching],” says Pofeldt in the article, adding an important message from Smith, “You have to have the courage to invest in yourself.”

In the article, Pofeldt offers four tips “for getting your ducks in a row” as you take a step toward becoming an entrepreneur:

  • Don’t quit tomorrow. Though it may be tempting to quit right away, don’t. It might take several months, and maybe even years, before a startup can start to pay your bills. According to Gallup research, only 38 percent of entrepreneurs with a one-year-old (or less) business depend on this startup as their main source of income. This percentage increases to 51 percent for owners with businesses that are only two to five years old.
  • Test the waters. While you are still working begin searching for your first customer — as long as you haven’t signed any agreements with your current employer. This is a good way to see if your business idea has what it takes to develop a strong customer base before you even start your venture.
  • Save money. Start saving money now. This can help to shorten the time it may take to quit your current job. If you don’t have another supplemental income to rely on while you launch your business, make sure you have a year’s salary saved up to help cushion the transition.
  • Have a support team. “You want smart, honest people around you who really understand what you bring to the table and what makes you special,” states Smith in the article. Building a “dream team” can help solidify your startup. They can offer constructive input on your business ideas to help you more clearly see what will work and what won’t. If you have a significant other, he/she should also be included in your support team, as well as any immediate family. Remember, taking this step to becoming an entrepreneur impacts them, too.

Read the entire Money feature here.

You May Also Like

El Car Wash opens 24th, 25th locations

MIAMI — El Car Wash continues its expansion with the opening of its 24th and 25th locations in South Florida.

MIAMI — These new stores are located in Miramar and Palm Beach Gardens and represent the first express carwash locations to be built in these cities in over 10 years, according to a press release.

The company currently operates 25 carwash locations with over 25 additional sites in development across Florida and plans to significantly expand its footprint through greenfield openings and future acquisitions.

B+E helps buyer quickly close on $22M worth of carwash assets

NEW YORK — B+E helped to find and secure four new washing properties, closing on them before the end of 2022.

Autobell debuts in Greenville, S.C., market with three locations

CHARLOTTE, N.C. — Autobell Car Wash introduces three new washing locations to Greenville, Greer and Simpsonville.

Automotive Lift Institute unveils new Lifting Points Guide

CORTLAND, N.Y. — Electronic guide makes it easy to find OEM lifting point information.

Deltic Wash Force announces opening of ‘one-of-a-kind’ wash

BARRIE, Ontario, Canada — Klassic Car Wash offers both soft-touch and touch-free wash experiences.

Other Posts

When is the right time to sell your carwash?

What to consider if you are thinking about selling.

Garnett Station Partners recapitalizes Flagstop Car Wash

NEW YORK — The partnership is providing growth capital for continued regional expansion.

Magnolia Wash Holdings acquires Blue Water Express Wash

TALLAHASSEE, Fla. — The express carwash operator commemorates the three new locations in Tallahassee with a ribbon-cutting event and special promos.

Tidal Wave Auto Spa celebrates new opening in South Carolina

THOMASTON, Ga. — The company opens its 13th location in the state.