How to Start a Carwash: Partnering up - Professional Carwashing & Detailing

How to Start a Carwash: Partnering up

Five tips to keep in mind when starting a business with a partner.

A recent article featured on The Huffington Post’s blog titled, “5 tips for Starting a Business with a Partner,” discusses partnering up when starting a business.

“Starting a business on your own can be difficult,” writes Clark Howard in the blog post. “Sometimes finding a partner with the right skills set is a necessity.”

Howard offers five tips to keep in mind when considering a partner:

  • Find a partner at your own speed. It is important to select a partner that complements your skills, experience and goals. Free sites are available, such as FounderDating.com and StartUpWithMe.com, that will screen for potential partners to find one that is the right fit for you.
  • Work with a startup accelerator. Consider working with an organization that provides professional development, training, consulting, networking and other opportunities for startups and entrepreneurs. The website, GlobalAcceleratorNetwork.com, can help you find one located near you.
  • Search online for capital. When you are looking for startup capital, peer-to-peer lending sites, including LendingClub.com and Prosper.com, can help. With these types of sites, you are borrowing money directly from individuals, not banks. The interest rate is determined by your creditworthiness.
  • Use a “freemium” model. Consider a freemium business. Under this model, “you give away something for free, and then your customers pay for an upgrade if they want more of your products/services.
  • Don’t ignore retirement planning. According to a recent survey from The American College, approximately a third of all entrepreneurs are not saving for their retirement. Most are too busy putting all of their money into their startups. “Here’s my alternative: As a self-employed person, you have access to a simplified employee pension (SEP),” shares Howard in the blog post. “The paperwork to set up a SEP is simple, and you can even open one at a low-cost investment house like Vanguard, Fidelity or T. Rowe Price at no cost.”

Read the entire article on partnering up for startups here.

You May Also Like

Mint Eco Car Wash and Detail Center wins three awards

WEST PALM BEACH, Fla. — Awards are from two of South Florida’s largest publications, The Palm Beach Post and South Florida Business Journal.

Mint Eco Car Wash logo

WEST PALM BEACH, Fla. — According to a press release, Mint Eco Car Wash received three prestigious awards from two of South Florida’s largest publications in a press release.

For the third year in a row, Mint Eco has been awarded the title of "Best Car Wash and Auto Detailer in Palm Beach County" by the Palm Beach Post.

Express Wash Concepts hosts inaugural Washy Awards

COLUMBUS, Ohio — The Washy Awards recognized exceptional sites and team member contributions, as well as long term service anniversaries.

Soapy Joe’s to celebrate ninth Soapy Joe’s Day

SAN DIEGO — Soapy Joe’s celebration also includes sign-ups for free Magic Joe carwashes and trying to break a world record.

Soapy Joe's to celebrate ninth Soapy Joe's Day
International Carwash Association welcomes Ben Higgs

WHEATON, Ill. — Higgs brings extensive experience from the auto dealer market to enhance the renowned LEAD carwash manager training program.

ica welcomes ben higgs
D&S Car Wash Supply acquires WashCard Systems

HIGH RIDGE, Mo. — WashCard develops payment hardware and software technology for the carwash sector, including tap-based payment methods.

Other Posts

Spark Car Wash Mount Holly hosts ribbon cutting with mayor

MOUNT HOLLY, N.J. — Mayor Chris Banks celebrated the opening of the new Spark Car Wash in the Mount Holly/Lumberton, New Jersey area. 

ScrubaDub, Cradles to Crayons help kids’ shoe needs

BOSTON — The program aims to provide proper footwear to local children living in homeless or low-income situations.

Car Wash Convos™ highlights University of Tennessee softball star

KNOXVILLE, Tenn. — In this episode, Kiki Milloy shares how her parents inspired her competitive spirit on the field.

Kiki Milloy Car Wash Convos
Metro Express Car Wash to celebrate its 50th anniversary  

GARDEN CITY, Idaho — The celebration will honor Metro Express Car Wash’s history and support the Boys and Girls Club of Ada County.

Metro Express announces 2 new locations in Idaho