Most entrepreneurs are passionate about their work. If classic cars don't excite you, then auto restoration probably isn't the right way to turn your entrepreneurial dreams into a reality.

The simple truth is that auto restoration businesses are gathering places for classic car enthusiasts. Most auto restorers sell DIY parts and accessories as well as services, so it's important for startup entrepreneurs to be conversant in the industry and active in the local classic auto community.

One of the common mistakes startup auto restoration business owners make is to overspend on shop setup. A highly visible location would be nice, but the reality is that a commercial lease in a less costly, out-of-the-way location can be just as effective and can provide room for growth at the same price point as a smaller spot in high traffic area.

Auto restoration and conversion retail is a $1.9 billion per year industry in the U.S.

To improve your customer service and expand your geographic reach, consider developing a good business website that features a virtual catalog and online retailing mechanism.

Business plans are the entryway to successful small business ownership.

Once you've finished assessing the competion, you really ought to speak with somebody who is already in the business.

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