No matter how much money you pour into a business to make easiness for yourself, at some point, challenges come face to face with the company. This is a very basic thing and for some, it can be easy to handle and for some, it can become a nightmare and such people usually step down from doing business. Some people open trendy business ideas like selling BMW parts in Dubai and it will be hard for you to believe it that such businesses can also face problems.
Opening a showroom has life time benefits. It is said that if you have good amount of cash with you, then waste no time and open a car showroom or buy a franchise of car showroom because it will not only benefit you but it will benefit your whole generation. Even if you start a side business of selling Porsche spare parts in Sharjah. But if you don’t manage this business well, then you can face the following challenges. The first issue you will face is about the security. We have seen showrooms with the top-notch security and still, the showrooms get robbed.
And if this forbidden occasion occurs and you don’t have an insurance then repeat after us; you are doomed for good! Because you have already paid the company and cars without trackers and number plates are not only difficult to find, sometimes, it becomes nearly impossible and one has to face a heavy loss. The second issue is of insurance. The insurance claims are very difficult even if you have one and you get robbed. It can take ages even if the claims are legit. The next issue is also related to insurance because paying for the insurance is hard. It is a huge amount that you have to pay yearly and the paperwork is a lot.
The next issue is related to paperwork. Just money is not enough, you have to have a lot of documents to prove that you won’t sell these cars illegally and much more. And if you think of buying a franchise of car brand then don’t even ask the amounts of guarantees and paperwork a brand demand. It becomes frustrating because even if you have given all the paper work, their verification team makes you go crazy because most of the time, they are super slow at their jobs.