When planning to start computer repair business, there are a number of factors you will need to consider. Key amongst them includes business management as well as computer repair skills. These will ensure smooth running of the trade. Though some entrepreneurs always entrust computer knowledge to their employees, it will be good if know how to do these things yourself. Here are a few additional things you need to know before you get started.
First things first, you need to identify suitable location for your trade. You want to locate your company in an area that is easily accessible, with large customer base to attract and also few businesses like yours if any. These are three factors that are very important for the success of any trade and must thus be considered with a very sober mind.
Next step is to write down your start up cost. When budgeting for this, you need to plot away to cater for your expenses for at least three months. This is because most businesses take a minimum of three months to actually start realizing any return on investment. Remember that during this time you will need to do marketing from your own pocket. There are also other utility bills to be paid like electricity, water, web hosting and so forth.
You must also not operate without insurance cover especially for the first few months. You are likely to commit very many mistakes during the first few months of your operation. Because of this, you should have liability insurance cover to protect you from liability. Do not just pick the first insurance company that you come across, you need to window shop.
Pricing is another key factor that will either attract clients to your business or send them away. When fixing prices for your services, check what your competitors are charging. This will enable you reach the average price around. You should always ensure that your prices are fair enough to the customers but also enough to keep your business afloat.
Advertisement is also part and parcel of business. As such, you need to explore possible avenues to advertise your company. Take the advantage of free media like twitter, facebook and LinkedIn. You also need to have a website where first time clients can get to know about your company.
Because you will most definitely need spare parts in the course of your work, it is also important if you can start a supply business as well. However, in case you do not have enough capital to start the two businesses at the same time, it is still a good idea to enter into partnership with a supplier. Not only will you get deals but also learn the ropes of trade.
With the above tips in mind, your computer repair business should soon be off the ground. The most important thing is to have quality services. You must also not operate without license.
First things first, you need to identify suitable location for your trade. You want to locate your company in an area that is easily accessible, with large customer base to attract and also few businesses like yours if any. These are three factors that are very important for the success of any trade and must thus be considered with a very sober mind.
Next step is to write down your start up cost. When budgeting for this, you need to plot away to cater for your expenses for at least three months. This is because most businesses take a minimum of three months to actually start realizing any return on investment. Remember that during this time you will need to do marketing from your own pocket. There are also other utility bills to be paid like electricity, water, web hosting and so forth.
You must also not operate without insurance cover especially for the first few months. You are likely to commit very many mistakes during the first few months of your operation. Because of this, you should have liability insurance cover to protect you from liability. Do not just pick the first insurance company that you come across, you need to window shop.
Pricing is another key factor that will either attract clients to your business or send them away. When fixing prices for your services, check what your competitors are charging. This will enable you reach the average price around. You should always ensure that your prices are fair enough to the customers but also enough to keep your business afloat.
Advertisement is also part and parcel of business. As such, you need to explore possible avenues to advertise your company. Take the advantage of free media like twitter, facebook and LinkedIn. You also need to have a website where first time clients can get to know about your company.
Because you will most definitely need spare parts in the course of your work, it is also important if you can start a supply business as well. However, in case you do not have enough capital to start the two businesses at the same time, it is still a good idea to enter into partnership with a supplier. Not only will you get deals but also learn the ropes of trade.
With the above tips in mind, your computer repair business should soon be off the ground. The most important thing is to have quality services. You must also not operate without license.
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