A computer repair business is one of the most profitable and most rewarding of all the businesses. This is because virtually all businesses regardless of their sizes and areas of specialization use computers. Only a few of these businesses have in house IT specialists. This means majority of them have to source for these services elsewhere. However, before you resign from your current work place and move into self employment, there are a few things that you need to put in place to increase your chances of success. Below are some of these things.
You should first decide whether you want to have a storefront or run from home. A storefront is ideal because you will have access to more customers. However, storefronts also come with greater responsibilities and risks. On the other hand, running from home requires less overhead. In case you opt for storefront, location will be everything. Try to operate in an area with few similar businesses.
The next step is to create an effective budget. This will make you more accountable for the preliminary expenses and also pay them off as soon as possible. Typical items that should be included in the start-up capital include: start-up cost itself and monthly utility bills. Even though the budget may just be an estimate, it is very important to have at least a plan in place.
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.
You also need to carefully price your services so that you do not send away clients while at the same time also not incurring losses. This means you need to research your competitors to see how they price their services. This will enable you determine price that is competitive enough and also reasonable for your skill and experience levels.
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.
You should first decide whether you want to have a storefront or run from home. A storefront is ideal because you will have access to more customers. However, storefronts also come with greater responsibilities and risks. On the other hand, running from home requires less overhead. In case you opt for storefront, location will be everything. Try to operate in an area with few similar businesses.
The next step is to create an effective budget. This will make you more accountable for the preliminary expenses and also pay them off as soon as possible. Typical items that should be included in the start-up capital include: start-up cost itself and monthly utility bills. Even though the budget may just be an estimate, it is very important to have at least a plan in place.
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.
You also need to carefully price your services so that you do not send away clients while at the same time also not incurring losses. This means you need to research your competitors to see how they price their services. This will enable you determine price that is competitive enough and also reasonable for your skill and experience levels.
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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