7 Computer Repair Business Plan Topics that Yours Must Cover
The mere mention of the need for a business plan makes many new business owners’ blood freeze. We become overwhelmed and then paralyzed by fear over what seems to be a monumental task. However, writing your first computer repair business plan need not be a daunting task.
Contrary to what you might have been told, a business plan does not need to be an enormous document. Some very successful businesses run with a plan that is only two or three pages long.
The importance of a business plan is in getting your ideas and goals down on paper, so that you have a road map to refer to as you progress.
When you start your new IT business, you need a baseline so that you know where you are today and where you want to be over the next few months or years.
Business plans are living documents. What’s written in them is not set in stone. As a small business, you have the advantage over larger businesses because you are agile. A business plan does not stifle this flexibility. Your business plan should be adapted and changed as your business and environment changes.
Each version of the document acts as an excellent tool that aids you with strategic decisions you have to make about your business going forward.
With that in mind, your first computer repair business plan should include the seven following key sections:
1. The Executive Summary
This is a short overview of your business. Describe where you are today and where you see the business going over the next few years. It should contain short bullet pointed information and be written after the rest of the document is completed.
2. Business and Products
This describes what your business is all about. It outlines your products and services. You should include how you see these evolving over the intermediate term.
3. The Marketplace
Take some time to identify your target market and who your competition is. You should also describe the current trends in the marketplace and any positives and negatives on the horizon.
4. Marketing and Sales
This is an overview of where your product is positioned and priced within the marketplace. Define your audience and how you intend to reach them.
Work out what your outgoings and costs will be. Look at what you need to achieve to ensure all your expenses are met.
6. The Road Map
Define where you want to be in year 1, year 2, and year 3. Declare the ultimate goal for your computer repair business.
7. SWOT Analysis
SWOT analysis is a useful exercise. Formally carrying out this analysis and getting it down on paper will make you aware of the strengths, weaknesses, opportunities, and threats that you may not have been conscious of before.
Keep in mind that fine detail does not need to be contained in your business plan. More detail for specific parts of your operations will be contained in other places, such as your marketing plans and financial forecasts.
You may need to enhance the plan and provide a more in-depth one if you are looking for financial support by way of a bank loan or from investors.
Have you found it easy to get your computer repair business plan underway? Ask any questions that you might have in the comments section below.
And to follow-through on the tips introduced in this short article, be sure to download your free copy of the special report on How to Start a Computer Consulting Business: 6 Proven Ways to Build Your Initial Client Base.
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