Document Type

Masters Project

Abstract

The Auto Restoration Business Plan Development project arises from a pressing problem and a compelling opportunity within the auto restoration industry. With a resurgence in interest in classic and vintage vehicles, there is a growing demand for professional auto restoration services and a need for entrepreneurs to navigate this intricate landscape. This project aims to address the lack of comprehensive business planning resources tailored to the unique requirements of auto restoration ventures, thereby fostering successful startups, and enhancing the industry's overall quality. The importance of this endeavor is underscored by the transformative impact it can have on aspiring auto restoration business owners. By delivering a meticulously crafted business plan template, industryspecific insights, and a roadmap for financial success, this project empowers entrepreneurs to enter the market with confidence. It not only mitigates common challenges but also enables businesses to thrive and contribute to the preservation of automotive heritage. The objectives of this project therefore encompass equipping entrepreneurs with the knowledge and tools needed to launch sustainable and profitable auto restoration businesses, thus fostering economic growth within the industry. The purpose being to deliver a comprehensive and accessible resource that catalyzes innovation, professionalism, and excellence within the auto restoration sector, ensuring its continued relevance and vibrancy in the years to come. The outcomes of this project include a personalized business plan for an automotive restoration company as well as a formatted and defined example to be distributed to prospective business creators. The research conducted informed the basis of these products for business planning and incorporated project management principles for an auto restoration business planner. To maintain a widely useful product the research focused on potential customer segmentation using nationwide discovery and survey participants. These outcomes therefore give a potential business creator the requirements and guidelines needed for their business plan to be successful when adding input of their locality and own strengths and weaknesses.

Publication Date

5-1-2024

Handle

http://hdl.handle.net/11122/15064

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