3. What is Car Dealership business?
Car dealership means selling or trading of cars for
profit. It is different from being a salesman or an
employee of a particular company and working by
commission. Anyone can become a car dealer by
owning a local franchise to sell cars in your area.
The business touts an average of close to $200,000
yearly in profits for selling less than five cars a
week.
4. License requirements?
Among the requirements for getting a car dealership license is attendance
in a dealer education program by BRTA in Bangladesh, passing their
exam and their background investigation for possible convictions or crime
related to vehicle dealership. Accurate disclosure in our
application, therefore, is extremely important when applying for a license.
We will also need Import License to import cars & also have to be a
certified dealer by getting the permission from the car companies etc.
Is it a need or want?
A Dealership business is a want because we earn money through it to lead a luxurious
life but in some sense it is also a need because through the money which we earn we
use it to buy clothes, food, shelter & etc. which are needs.
5. Do we need to import? If yes why and how?
Yes, we have to import because as a car dealer we have to import cars from
overseas countries as Bangladesh doesnât have any industries to produce or make
cars.
Firstly we need to visit many overseas countries like Japan, Germany, Korea, and
USA as they have good production of high quality cars for their consumers. Then
we have to talk to different car companies and take a certificate to be a âCertified
Dealerâ.
Secondly we need to choose the cars from the companies and order the ones we like
and think if they suit the choices of the consumers. To import cars from other
countries we first have to submit the money to any bank in Bangladesh, and from
their we get a bank statement also called LC which is given by the Bangladesh
Government. From there we send it back to that company, and through that they will
send us our chosen by waterway.
6. Text
How you can utilize four factors of
production?
âą Labour Resources- Human skill and effort.
âą Enterprise Resources- New Ideas.
Business ownership!
Partnership.
7. Work force- how can we utilize our work
force & how will we pay?
We are going to utilize our work force by hiring full
time workers and we are going to pay our workers
monthly.
8. How can we Increase the employment & how it
will benefit the countryâs economy.
In our Showroom we have 7 to 10 workers. So as they are working
in our showroom and they are getting employed as they get a
monthly salary so the countries un-employment rate decreases
and our economic growth get helped etc.
9. Primary? Secondary or Tertiary?
Our business is a Tertiary business because the products we are
supplying to other people is a type of service. Tertiary industry is an
industry that provides a service for other people, which is exactly the
thing we are providing for our consumers.
Marketing plan!
We have an auto dealer Shop in Dhanmondi and we get the cars
from some overseas countries. All our cars are Original and are in
their best condition just for our customers. We are giving you and
only you 5% percent discount in all our cars for a limited a period
of time and three years free car insurance for our customers.
10. Yes we use social business concepts.
We have our very own Facebook
page, and on the web you can search up
our very own website we made just for
our consumers, where we update our
information about the newly brought
cars with the best price.
Social Business
11. Profit/ loss share:
In my experience; in this area of the country, $5,500
mark up on a used car would be considered a nice
profit, more or less depending on circumstances. New
cars are different, there are many things to
consider....floor plan interest, interest rates, trades or
lease returns, loyalty programs, company reasons, end-
of model motivations, certain options, availability; all of
these business will determine what the profit margin
will be. On average, $2,200- $1,500 would be expected.
12. Value Creation- Product
design, Branding &marketing
We do not have our very own brands or own product design. We just
import from other companies and use their brands and their designs.
Companies are:
âą Mazda - Japan
âą Land Rover-England
âą Audi-German
âą Hyundai- South Korea
âą Mitsubishi- Japan
âą BMW- German
âą Mercedes Benz- German
âą Volkswagen- German
âą Toyota- Japan
13. Working Hours
Our Working Hours is 11 hr.
This is from: 9am To 8pm.
Money Management-
Loan? Personal finance?
For our business we take support
from our dadâs personal finance
and it doesnât it cover up, we take
a loan from the bank, and we pay
the money back with our monthly
profit from our business.