So, you have decided to open up a new computer repair business but really are not sure how to proceed. If that is the case, below we will tell you everything that you need to do to not only make an educated business decision. But also, the steps you need to take to create comprehensive business plans that will, at the very least, provide you an excellent road map for your new venture. There are many different kinds of formats used to create a business plan. In this example, we will assume that you will not need an outside financing source and that your computer repair business will only be a local operation, at least initially Page Design Web.
The concept behind a business plan is relatively simple to understand and execute. Essentially, you want to make sure that what you are thinking about the opening is financially viable. If so, write down everything you need to accomplish to turn your idea into a profitable endeavor. Below, we will lay out a traditional business plan and let you know precisely how to complete each section.
# 1 – Executive Summary – You do not have to work on this section of the business plan if you do not plan to show it to anybody or are not looking for investors or an outside financing source. That being said, if you are really serious about turning your new enterprise into a profitable going concern that has the ability to not only grow but is also sustainable, you should sit down and spend a few hours writing out the executive summary.
The executive summary, sometimes called the management summary, goes at the beginning of the report but should only be written AFTER you have completed the entire business plan. Its intended purpose is to capture the reader’s attention, get them interested in the business, and briefly explain the concept and everything else in the report.
# 2 – Business Description – This is where the real work starts when you decide it is time to get serious and begin writing out your business plan. What you want to try and do is to get all of your ideas down on paper so that you can refer back to them in the future if you need to. Please do not be concerned with your writing style at this point, but only the information. Later, after you are sure you have included everything that you want or need, you can go back and clean up the material. Below are some of the things that need to be discussed in this section.
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