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Business Plan Basics for Computer Repair Shops

From obtaining financing and purchasing must-have tools (such as computer diagnostic software, a workbench, and metallic screwdrivers) to planning your computer repair shop's strategic vision, the business planning process requires extensive thought. Your business plan can help you articulate your plans to bankers and investors as well as to potential partners and employees. You'll refer to it often for guidance and direction as your company grows.

Business Plan Basics for Computer Repair Shops
Not sure how to create a business plan? Wondering where to begin? You're not the first person to start a business with this dilemma. Fortunately, help is readily available. The Small Business Administration's website takes new business owners through the process of creating a business plan. According to the SBA, the essentials of a good business plan include: an executive summary, company description, market analysis, organizational structure and management profiles, sales and marketing management, product and service descriptions, funding request, financials, and an appendix.

Though it may seem intimidating at first, take it one section at a time. In fact, you can even buy business plan software that makes creating a business plan for your computer repair business a simple matter of answering a questionnaire and filling in a few blanks.

How Much Detail to Include in Your Business Plan
Your business plan should contain enough detail to be useful and relevant, but try not to get too bogged down by the details. For example, if you're estimating your start-up costs, you might break your costs down into categories such as: furnishings and fixtures, communications systems, and computer repair tools. Note that it's not necessary to detail every screwdriver and every piece of computer diagnostic software you plan on buying.

Where and How to Use Your Completed Business Plan
After spending hours writing your business plan, it's a shame to file it away, never to be seen again. The business plan is a navigational tool that will chart the direction of your computer repair business. Use it to stay on course. Use it to convince lenders that your business is a good risk. Use it to share your vision of the business with key members of your team. Refer to it whenever you're unsure where you're going.

While writing a business plan is time-consuming and challenging, doing so is a must. Just as you know it's important to equip your technicians with computer diagnostics, it's equally important to equip your business with a plan.


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