How To Start A Computer Shop Business In India

How To Start A Computer Shop Business In India – Easy Steps

Computer shops are a common sight in most Indian cities. They offer a one-stop-shop for all your computing needs, from buying a new laptop to getting your computer repaired. If you’re thinking of starting a computer shop business in India, here are some tips to help you get started.

1). What are the basic requirements for starting a computer shop business in India?

To start a computer shop business in India, you will need a commercial space, a computer, a printer, and some basic office supplies. You may also want to invest in a cash register and security cameras.

2). How do I find a commercial space for my computer shop?

Your computer shop can be located in a variety of commercial spaces. You can search online classifieds websites like Quikr or OLX, or you can go through local newspapers and directories.

3). What are the licensing requirements for a computer shop business in India?

To start a computer shop business in India, you will need to obtain a trade license from your local municipal corporation. In addition to being registered with the Registrar of Companies, your business must be registered with the Income Tax Department.

4). What is the cost of starting a computer shop in India?

The cost of starting a computer shop business in India will vary depending on the size and location of your business. You will likely need to invest in some office equipment and furniture, as well as marketing and advertising materials.

How do gypsies make money

How technology helps business professionals to be more efficient

Top business ideas in Texas

Start business with 10k

5). What are the typical expenses of running a computer shop business in India?

The main expenses associated with running a computer shop business in India include rent, employee salaries, and inventory costs. You will also need to budget for administrative and marketing expenses.

6). How can I market my computer shop business in India?

There are many ways to market your computer shop business in India. You can use traditional marketing methods like print advertisements and online directories or try more innovative techniques like social media marketing and SEO.

7). What are the Challenges of running a computer shop business in India?

The main challenges of running a computer shop business in India are maintaining a large inventory, competing with online retailers, and dealing with fluctuating prices. Customer complaints and technical issues will also need to be handled.

8). How can I protect my computer shop business from the competition?

One way to protect your computer shop business from competition is to offer superior customer service and technical support. Additionally, you can offer something special to differentiate your business from the competition.

9). What are the potential risks associated with starting a computer shop business in India?

The main risks associated with starting a computer shop business in India are competition from online retailers, theft or vandalism, and employee misconduct. Data theft and hacking are also possible threats.

10). How can I manage the financial risks of starting a computer shop business in India?

The best way to manage the financial risks of starting a computer shop business in India is to have a solid business plan and adequate financing. Loss-leader products can also help you to attract new customers.

11). What are the critical steps for starting a computer shop business in India?

The key steps for starting a computer shop business in India are finding commercial space, obtaining licenses and registrations, setting up your office equipment, and marketing your business. You will also need to make sure you have adequate financing in place.

12). What are India’s potential growth opportunities for a computer shop business?

The potential growth opportunities for a computer shop business in India include expanding into new markets, introducing new products and services, and franchising your business. You can also try to attract more female customers by offering products and services specifically targeting women.

13). How to find suppliers and manufacturers of computers and computer peripherals in India?

The easiest way to find suppliers and manufacturers of computers and computer peripherals in India is to use an online directory or trade association. You can also contact local computer dealers or distributors to get recommendations.

14). What are the best ways to reduce the costs of running a computer shop business in India?

The best ways to reduce the costs of running a computer shop business in India include negotiating lower prices with suppliers, using lean management techniques, and outsourcing non-essential functions. You can also try to attract customers with discount offers and loyalty programs.

15). What are the most common mistakes entrepreneurs make when starting a computer shop in India?

The most common mistakes made by entrepreneurs when starting a computer shop business in India are underestimating the costs of starting and running the business, not doing adequate research, and failing to plan for future growth. You should also make sure you have a solid business plan and good financial management in place.

16). How can I make my computer shop business more environmentally friendly?

There are many ways to make your computer shop business more environmentally friendly, including using energy-efficient office equipment, properly recycling or disposing of electronic waste, and promoting paperless operations. You can also consider partnering with an environmental organization to raise awareness about the importance of protecting our planet.

17). What are some tips for reducing the risk of data theft or hacking when running a computer shop business in India?

Some tips for reducing the risk of data theft or hacking when running a computer shop business in India include using anti-virus and malware protection software, encrypting your data, and establishing strong passwords. In case of a system compromise, you should also make sure to implement a disaster recovery plan.

18). How can I attract more female customers to my computer shop business in India?

There are many ways to attract more female customers to your computer shop business in India, including offering products and services specifically targeting women, providing a comfortable and inviting environment, and hosting events and workshops that interest women. Additionally, you can market your business through popular women-oriented social media platforms.

Final Words:

Starting a computer shop business in India can be a profitable and exciting venture, but it takes hard work and dedication to make it successful.

ZenBusinessPlans

Home » Sample Business Plans » Technology

How to Write a Computer Sales & Service Business Plan [Sample Template]

Are you about starting a computer sales & services business? If YES, here is a complete sample computer sales & services business plan template & feasibility report you can use for FREE . According to a recent report, computer sales and related services are expected to exceed $47 billion this year in the U.S. alone, with computer servicing leading the way.

This goes to show that any entrepreneur who properly positions himself or herself in computer sales and servicing industry would definitely enjoy good business turnover. As a matter of fact, almost all businesses and homes have computers, and these people may not have the skills, time or the desire to do their own computer servicing, repairs and upgrades, and that puts a computer physician right in the middle of one of the fastest-growing industries in the world.

A Sample Computer Sales & Services Business Plan Template

1. industry overview.

The computer sales and servicing industry includes operators that mainly sell and service all forms of computers such as desktops, laptops, notebooks, palmtops and software, as well as accessories like printers, scanners and keyboards. These goods are generally purchased from domestic and international manufacturers and wholesalers and then sold to end consumers, including households and businesses.

Computers have exploded throughout America and the world over the past 30 years – from 2,000 units shipped in 1960 to 900,000 in 1980 to 7 million in 1990 to over 15 million per year by 2003 to over 65 million per quarter in 2015. With this rapid growth, there has been a corresponding increase in the need for computer services.

If you are conversant with happenings in the Computer Sales and Services industry, you will notice that computers are rapidly becoming indispensable household and personal products. In spite of the growing ubiquity of these products, retailers of computers, peripherals and consumer electronics have experienced some time-consuming challenges over the past five years.

Swift technological change, increased production efficiency and a highly globalized supply chain have lowered computer retail prices, hampering the industry’s revenue potential.

In addition, the increasing adoption of e-commerce has reduced customer traffic in computer stores, further limiting revenue. More consumers are now taking advantage of online shopping, which facilitates product and price comparisons. Going forward, industry revenue is expected to decrease.

The Computer Sales and Services industry is indeed a large industry and pretty much active in most countries of the world. Statistics has it that in the united states of America alone, there are about 18,173 registered and licensed (big, medium scale and small) computer manufacturing companies scattered all across the United States responsible for employing about 94,791 people and the industry rakes in a whooping sum of $29 billion annually.

The industry is projected to enjoy -0.4 percent annual growth within 2012 and 2017. It is important to state that Apple Inc., Best Buy Co. Inc. and Fry’s have lion shares of the available market in this industry.

Computer sales account for an estimated 44.0 percent of industry revenue in 2017. Products in this segment include desktops and laptops, with laptop sales outpacing that of desktops. While desktops were historically the most commonly purchased computer product, the falling price of computers and computer components over the past five years reduced the premium that laptops once commanded over desktops.

A majority of consumers’ favor laptops for their portability, augmented by the increasingly wireless data infrastructure. However, desktops still maintain advantages in niche market, particularly with gaming enthusiasts and computer power users who prefer a desktop computer’s superior upgrade potential, ease of repair and customizability.

No doubt everybody will quite agree that the computer sales and services industry has come to stay and of course it is one industry that plays key roles not only in the business world, but also in almost all aspects of what goes around in our world today as long as computers are involved.

Over and above, the Computer Sales and Services industry is an open industry hence a low level of market share concentration. Even though large multiservice agencies operate in the industry, revenue is also spread among thousands of small computer stores and repair centers.

2. Executive Summary

Harry & Barry® Computer Sales & Services Center, LLC is a U.S based computer sales and services company. We have been able to secure a standard store facility in a central business district in Phillips Avenue, Sioux Falls – South Dakota. We are set to compete in the highly competitive computer sales and services industry not only in Sioux Falls – South Dakota, but also throughout the United States market.

Harry & Barry® Computer Sales & Services Center, LLC will engage in the sales and servicing of all forms of computers such as desktops, laptops, palmtops and software, as well as accessories like printers, scanners and keyboards. Our business goal is to become one of the top brands in the computer sales and services industry in the United States and we will make sure that we do all we can to compete favorably with leaders in the industry.

Our workers are going to be selected from a pool of certified and highly experienced computer sales and services engineers in and around Sioux Falls – South Dakota and also from any part of the United States of America as the business grows. We will make sure that we take all the members of our workforce through the required training that will position them to meet the expectations of the company.

At Harry & Barry® Computer Sales & Services Center, LLC, our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

Harry & Barry® Computer Sales & Services Center, LLC is a joint partnership business that is owned by Engr. Harry Jordan a computer engineer par excellence who graduated with from Illinois Institute of Technology (B.Engr. Computer Engineering), and his friend and business partner Barry Martins (B.Sc. Business Management).

They have a combined experience that can help them build Harry & Barry® Computer Sales & Services Center, LLC to favorably compete with other leading computer sales and services businesses in the United States of America.

3. Our Products and Services

Harry & Barry® Computer Sales & Services Center, LLC is established with the aim of maximizing profits in the computer sales and services industry. We want to compete favorably with companies in the United States which is why we have put in place a competent quality assurance team that will ensure that every service rendered meets and even surpasses our customers’ expectations.

We will work hard to ensure that Harry & Barry® Computer Sales & Services Center, LLC is not just accepted in Sioux Falls – South Dakota but also in other cities in the United States of America. Our products and services are listed below;

  • Sales and servicing of all sort of computers
  • Sales and servicing of computer peripherals (e.g. printers, monitors, keyboards, mouse and speakers)
  • Sale of computer software
  • Computer installation
  • Computer Cloning/upgrade
  • Offering other computer repair and installation related services

4. Our Mission and Vision Statement

  • Our vision is to establish a one stop computer sales and service center whose services and brand will not only be accepted in Sioux Falls – South Dakota but also in other cities in the United States of America.
  • Our mission is to retail computers and related products and also to provide professional computer services that will assist businesses and individuals in ensuring that their computers are always in good shape to help them carry out their business.
  • We want to build a computer sales and services company that can favorably compete with other leading brands in the computer sales and services industry.

Our Business Structure

Harry & Barry® Computer Sales & Services Center, LLC, is a computer sales and services company that intend starting small in Phillips Avenue, Sioux Falls, but hopes to grow big in order to compete with leading computer sales and services companies in the United States.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.

At Harry & Barry® Computer Sales & Services Center, LLC, we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer
  • Store Manager
  • Head, Technical Services
  • Human Resources and Admin Manager
  • Sales and Marketing Executive
  • Computer Repair and Maintenance Engineers and Technicians (10)
  • Client Service Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

  • Increases management’s effectiveness by employing, choosing, orientating, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Accountable for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Reports to the board

Admin and HR Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Defines job positions for recruitment and managing interviewing process
  • Carries out induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Oversees the smooth running of the daily office activities.

Store Manager:

  • Responsible for managing the daily activities in the store
  • Ensures that proper records of computers and computer parts are kept and warehouse does not run out of products
  • Ensures that the store facility is in tip top shape and goods are properly arranged and easy to locate
  • Controls distribution and supply chain inventory
  • Supervises the workforce in the sales floor
  • Helps to ensure consistent quality of computers and computer parts are purchased and retailed in good price that will ensure we make good profit

Head, Technical Services:

  • Serves as project manager of the organization; works directly with employees
  • Maintains quality service by establishing and enforcing organization standards.
  • Makes certain that the technical department performs efficiently, coordinates employee efforts, facilitates communication between management and computer repairs and maintenance engineers and technicians
  • Ensures that the organization work in line with international best practices.

Sales and Marketing Manager

  • Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Models demographic information and analyze the volumes of transactional data generated by customer
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
  • Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy
  • Responsible for handling business research, market surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develops executes and evaluate new plans for expanding sales
  • Creates new markets cum businesses for the organization
  • Empower and motivates the sales team to meet and surpass agreed targets

Accountant/Cashier:

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for one or more properties.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for the organization
  • Serves as internal auditor for the organization.

Computer Repair and Maintenance Engineers (2) and Technicians (8)

  • Responsible for general computer repairs and maintenance services
  • Carry out computer installation services for clients
  • Responsible for carrying out computer cloning and upgrade
  • Responsible for handling Networking of computer system
  • Responsible for handling virus removal Data recovery
  • Handles computer and accessories sales and supply for the organization

Help Desk Officers

  • Welcomes clients and potential clients by greeting them in person or on the telephone; answering or directing inquiries.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level.
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services.
  • Manages administrative duties assigned by the creative director in an effective and timely manner.
  • Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information are supplied to clients when they make enquiries.
  • Find out the customer’s needs, recommend, select and help locate the right merchandise, describe a product’s features and benefits.
  • Bag, package or gift-wrap merchandise as requested by customers.

6. SWOT Analysis

Because of our quest for excellence, Harry & Barry® Computer Sales & Services Center, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured computer sales and services business that can favorably compete in the industry in the United States.

Part of what the business consultant did was to work with the management of our organization in conducting a comprehensive SWOT analysis for Harry & Barry® Computer Sales & Services Center, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Harry & Barry® Computer Sales & Services Center, LLC;

Our core strength lies in the power of our workforce. We have a team of trained and certified computer repair engineers and technicians, a team with excellent qualifications and experience in various niche areas in the industry. Aside from the synergy that exists in our carefully selected workforce, our services will be guided by best practices in the industry and we will ensure that we have all brands and types of computers in our store per time.

As a new computer sales and services center in Sioux Falls – South Dakota, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already highly competitive computer sales and services industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to pump into promoting our business the way we would want to.

  • Opportunities:

No doubt, the opportunities in the computer sales and services industry is massive considering the number of individuals and businesses that own computers. So also, the launch of new tablets will likely drive consumers into stores to test and compare products. As a computer sales and services company, we are ready to take advantage of any opportunity that is available in the industry.

The increasing adoption of e-commerce has reduced customer traffic in computer stores, further limiting revenue and also, the domestic PC market has shrunk due to market saturation and greater competition from tablets, are some of the threats that will confront us.

So also, one major threat that we are likely going to face is economic downturn. Another threat that may likely confront us is the arrival of a new computer sales and services center in same location where our target market exists and who may want to adopt same Business model like us.

7. MARKET ANALYSIS

  • Market Trends

The extent at which the internet and computer has taken over our world is a pure sign that every computer literate needs the services of a computer repairer when his/her computer malfunctions – be it hardware or software.

The very nature of the Computer Sales and Services industry, with its extraordinary rate of technological development, creates a constant need for businesses skilled in updating and advising customers on computer-related issues.

With every individual armed with a computer and with almost all valuable information in our daily lives being stored in the computer, the computer selling business is booming and with this booming comes a need for repair.

Everybody with a computer knows that moment of panic when the hard drive crashes–and for business people, it usually happens when they are staring into the eye of a deadline. The need for computer physicians is growing every day and more people are venturing into this field, making it a competitive and goal oriented industry.

Lastly, the computer sales and services industry will continue to evolve due to the advancement of computer technology and software designs et al.

8. Our Target Market

Before starting our computer sales and services business in Sioux Falls – South Dakota, we conducted a market survey and feasibility studies and we are certain that there is a wide range of both corporate and individual clients who cannot successfully run their businesses without computers.

In view of that, we have created strategies that will enable us reach out to various corporate organizations and individual who we know can’t afford to do without our products and services. Below is a list of people we will specifically market our products and services to;

  • Banks, Insurance Companies and other related Financial Institutions
  • Blue Chips Companies
  • Corporate Organizations
  • Real Estate Owners, Developers, and Contractors
  • Research and Development Companies
  • The Government (Public Sector)
  • Schools (High Schools, Colleges and Universities)
  • Celebrities, Politicians, Public Figures and Public Speakers
  • Sport Organizations
  • Religious Organizations
  • Television Stations
  • Printing Press (Publishing Houses) and Authors
  • Branding and Advertising agencies
  • Individuals and households who own computers

Our Competitive Advantage

Surviving in the business world as a computer sales and services company requires more than your expertise, knowing how to deliver standard repairs and maintenance but also how to network with key people that matter.

We are quite aware that to be highly competitive in the computer sales and services industry means that you are not only expected to deliver reliable computer supply, installation, repair, networking and maintenance jobs, but you must be able to meet set targets.

No one would want to continue to hire your services if don’t always meet up with the target date of completion of projects. Our competitive advantage lies in our ability to control stock at hand, our experienced work force and proximity to key markets.

We equally have a team of certified, highly trained and experienced computer repair engineers and technicians, a team with excellent qualifications and experience in various niche areas in the computer sales and service industry. Aside from the synergy that exists in our carefully selected workforce, our services will be guided by best practices in the industry.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

Harry & Barry® Computer Sales & Services Center, LLC is established with the aim of maximizing profits in the computer sales and services industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients.

Harry & Barry® Computer Sales & Services Center, LLC will generate income by;

  • Computer Cloning and upgrade

10. Sales Forecast

One thing is certain, there would always be corporate organizations and individuals who would need to purchase computers and accessories. We are well positioned to take on the available market in Sioux Falls –  South Dakota and we are quite optimistic that we will meet our set target of generating enough profits from our first six months of operation.

We have been able to critically examine the computer sales and services market, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in Sioux Falls – South Dakota.

  • First Year: $350,000
  • Second Year: $750,000
  • Third Year: $1.2 million

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same products and services as we do within the same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales Strategy

We are mindful of the fact that there are stiff competitions in the computer sales and services industry, hence we have been able to hire some of the best marketing experts to handle our sales and marketing.

Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Harry & Barry® Computer Sales & Services Center, LLC.

Our corporate goal is to grow Harry & Barry® Computer Sales & Services Center, LLC to become one of the top 10 computer sales and services brands in the United States of America which is why we have mapped out strategies that will help us take advantage of the available market and grow to become a major force to reckon with not only in Sioux Falls – South Dakota but also in other cities in the United States of America.

Harry & Barry® Computer Sales & Services Center, LLC is set to make use of the following marketing and sales strategies to attract clients;

  • Introduce our computer sales and services center by sending introductory letters alongside our brochure to individuals, corporate organizations and key stake holders in and around Sioux Falls – South Dakota.
  • Promptness in bidding for computer supply, installation, repair, networking and maintenance contract from the government and other cooperate organizations
  • Advertise our business in relevant business magazines, newspapers, TV and radio stations.
  • List our business in yellow pages’ ads (local directories)
  • Attend relevant international and local expos, seminars and business fairs et al
  • Create different packages for different category of clients in order to work with their budgets and still deliver excellent services
  • Leverage on the internet to promote our business
  • Engage direct marketing approach
  • Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

We have been able to work with our in-house brand and publicity consultant to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for both corporate and individual clients in the whole of the Sioux Falls and beyond which is why we have made provisions for effective publicity and advertisement of our computer sales and services company.

Below are the platforms we intend to leverage on to promote and advertise Harry & Barry® Computer Sales & Services Center, LLC;

  • Place adverts on both print (newspapers and magazines) and electronic media platforms
  • Sponsor relevant community based events/programs
  • Leverage on the internet and social media platforms like Instagram, Facebook, twitter, YouTube, Google + et al to promote our services.
  • Install our billboards in strategic locations all around Sioux Falls – South Dakota.
  • Engage in roadshows from time to time in targeted neighborhoods.
  • Distribute our fliers and handbills in target areas.
  • List our computer sales and services company in local directories/yellow pages
  • Advertise our computer sales and services company in our official website and employ strategies that will help us pull traffic to the site.
  • Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo.

12. Our Pricing Strategy

At Harry & Barry® Computer Sales & Services Center, LLC we will keep the prices of our products and services below the average market rate by keeping our overhead low and by collecting payment in advance from corporate organizations who would purchase our products or hire our services. In addition, we will also offer special discounted rates to all our customers at regular intervals.

We are aware that there are some one – off jobs or government contracts like computer supply, installation, repair, networking and maintenance which are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.

  • Payment Options

The payment policy adopted by Harry & Barry® Computer Sales & Services Center, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Harry & Barry® Computer Sales & Services Center, LLC will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via credit cards/Point of Sale Machines (POS Machines)
  • Payment via online bank transfer
  • Payment via check
  • Payment via mobile money transfer
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our clients make payments for the purchase of our products or our services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials for this purpose.

13. Startup Expenditure (Budget)

From our market survey and feasibility studies, we have been able to come up with a detailed budget on achieving our aim of establishing a standard and highly competitive computer sales and services company in Sioux Falls – South Dakota and here are the key areas where we will spend our startup capital;

  • The total fee for registering the business in the Unites States of America – $750 .
  • Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $3,300.
  • Marketing promotion expenses for the grand opening of Harry & Barry® Computer Sales & Services Center, LLC in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • The cost for hiring business consultant – $2,500.
  • Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400.
  • The cost for payment of rent for 12 months at $1.76 per square feet in the total amount of $105,600.
  • The cost for shop remodeling (construction of racks and shelves) – $20,000.
  • Other start-up expenses including stationery ( $500 ) and phone and utility deposits ( $2,500 ).
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000.
  • The cost for start-up inventory (stocking with a wide range of computers such as desktops, notebook computers and software, as well as accessories like printers, scanners and keyboards. et al from different manufacturing brands) – $200,000
  • The cost for counter area equipment – $9,500.
  • The cost for store equipment (cash register, security, ventilation, signage) – $13,750
  • The cost of purchase and installation of CCTVs: $10,000 .
  • The cost for the purchase of office furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): $4,000.
  • The cost of launching a website: $600 .
  • The cost for our opening party: $7,000 .
  • Miscellaneous: $10,000.

We would need an estimate of three hundred and fifty thousand dollars ( $350,000 ) to successfully set up our computer sales and services store in Sioux Falls – South Dakota.

Generating Startup Capital for Harry & Barry® Computer Sales & Services Center, LLC

Harry & Barry® Computer Sales & Services Center, LLC is a business that will be owned and managed by Engr. Harry Jordan and his friend and business partner Barry Martins. They are the financiers of the business which is why they decided to restrict the sourcing of the startup capital for the business to just three major sources.

These are the areas we intend generating our startup capital;

  • Generate part of the startup capital from personal savings and sale of his stocks.
  • Generate part of the startup capital from friends and other extended family members.
  • Generate a larger chunk of the startup capital from the bank.

N.B: We have been able to generate about $150,000 ( Personal savings $120,000 and soft loan from family members $30,000 ) and we are at the final stages of obtaining a loan facility of $200,000 from our bank. All papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and business structure. If all of these factors are missing from a business, then it won’t be too long before the business close shop.

One of our major goals of starting Harry & Barry® Computer Sales & Services Center, LLC is to build a business that will survive off its own cash flow without injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to sell or computers and accessories and offer our computer repair and maintenance services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Harry & Barry® Computer Sales & Services Center, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

  • Business Name Availability Check: Completed
  • Business Incorporation: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Securing a standard office facility for our studio: Completed
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Conducting Feasibility Studies: Completed
  • Generating part of the startup capital from the founders: Completed
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents: In Progress
  • Design of Logo for the business: Completed
  • Secure trademark for our products: In Progress
  • Printing of Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Purchase of the needed furniture, office equipment, software applications, electronic appliances and facility facelift: In progress
  • Creating official website for the business: In Progress
  • Creating Awareness for the business: In Progress
  • Health and Safety and Fire Safety Arrangement: In Progress
  • Opening party planning: In Progress
  • Compilation of the list of products that will be available in our store: Completed
  • Establishing business relationship with vendors – manufacturers and suppliers of computers, computer parts and accessories: In Progress

More on Technology

  • PRO Courses Guides New Tech Help Pro Expert Videos About wikiHow Pro Upgrade Sign In
  • EDIT Edit this Article
  • EXPLORE Tech Help Pro About Us Random Article Quizzes Request a New Article Community Dashboard This Or That Game Popular Categories Arts and Entertainment Artwork Books Movies Computers and Electronics Computers Phone Skills Technology Hacks Health Men's Health Mental Health Women's Health Relationships Dating Love Relationship Issues Hobbies and Crafts Crafts Drawing Games Education & Communication Communication Skills Personal Development Studying Personal Care and Style Fashion Hair Care Personal Hygiene Youth Personal Care School Stuff Dating All Categories Arts and Entertainment Finance and Business Home and Garden Relationship Quizzes Cars & Other Vehicles Food and Entertaining Personal Care and Style Sports and Fitness Computers and Electronics Health Pets and Animals Travel Education & Communication Hobbies and Crafts Philosophy and Religion Work World Family Life Holidays and Traditions Relationships Youth
  • Browse Articles
  • Learn Something New
  • Quizzes Hot
  • This Or That Game
  • Train Your Brain
  • Explore More
  • Support wikiHow
  • About wikiHow
  • Log in / Sign up
  • Finance and Business
  • Business by Industry

How to Start a Computer Business

Last Updated: May 3, 2024 References

This article was co-authored by Luigi Oppido and by wikiHow staff writer, Christopher M. Osborne, PhD . Luigi Oppido is the Owner and Operator of Pleasure Point Computers in Santa Cruz, California. Luigi has over 25 years of experience in general computer repair, data recovery, virus removal, and upgrades. He is also the host of the Computer Man Show! broadcasted on KSQD covering central California for over two years. This article has been viewed 193,690 times.

While your dream may be to start the next Apple or Microsoft out of your garage, it is more likely that your desire to start a computer business involves dealing with existing systems via sales, service, or support. With the rapid changes in technology that have already led some to place us in the “post-PC era,” [1] X Research source the job of a computer repair person , for instance, has changed quite a bit from ten years ago and will surely be quite different ten years from now. Beyond keeping up with changing technology and maintaining your expertise, however, starting a computer business requires many of the same skills required of any other small business field — things like a clear business plan, a smart marketing strategy , and outstanding customer service.

Aligning Your Skills and Goals With the Market

Step 1 Assess your skill set.

  • Have you ever dissected, reassembled, or repaired a computer? Are you familiar with all major operating systems? Have you worked in the computer field before? Honestly assess your readiness to start a computer business, or ask someone else with industry knowledge help you make the assessment.
  • Completing a degree in the computer field will certainly help you in starting a business, but it is unlikely that most customers will ask to see your diploma. More important is your ongoing gathering of experience, whether through education, training, or employment.
  • Certification is a good way to indicate expertise, though. You may want to seek A+ certification from the Computer Technology Industry Association (CompTIA), or the related N+ network certification, or become a Microsoft Certified System Engineer (MCSE). [2] X Research source These can help give your business card an air of legitimacy.

Step 2 Analyze the local market.

  • In this so-called “post-PC era,” you may find demand for traditional computer sales, service, and/or support to be much reduced, especially among a younger, tech-savvy population. However, especially in areas with older populations and/or small-town and rural areas, you may find a greater percentage of people in need of PC repairs and support. Remember, you need to keep up with the latest technology; many of your potential customers do not (and will not). [3] X Research source [4] X Research source

Step 3 Consider your business options.

  • New technology is meant to make life easier, but many consumers find it to be just another layer of confusion. General set-up and troubleshooting tasks, like setting up printers and wireless networks, data recovery and wiping, and media archiving or editing, may remain a viable component of your business, even if PC repair requests decrease.
  • If you can prove yourself to be an expert on computers and related technology, and can build a positive reputation, you should be able to find a niche for your computer business.

Step 4 Set your goals...

  • If you’re looking to keep your computer business as a part-time job, then keeping your focus on repairs and troubleshooting may suffice.
  • Building your business into a full-time occupation, however, may require further diversification of the products and services you offer, perhaps by selling parts, accessories, or entire systems. You’ll need to draw in a loyal client base and build a positive reputation in the community.

Brandon Phipps

Brandon Phipps

Your core goal is to offer benefits to your customers for a fair price. By providing such a service, you can earn a significant income while doing something you are skilled at and helping others.

Succeeding in the Computer Business

Step 1 Keep up-to-date.

  • Even if computers are your focus, expect people to seek help and guidance with all sorts of mobile technology, from phones to tablets to watches. You may or may not want to get into the mobile tech sales and/or service business — consider the increased inventory demands, for instance — but being able to provide general troubleshooting, training, and support on the latest devices may prove quite useful. [6] X Research source
  • If home service calls are part of your business, the essential toolkit you take with you will continue to shift along with technology. However, you can find a good list of basic equipment you’ll need (for the time being) at https://www.technibble.com/categories/starting-computer-repair-business/ .

Step 2 Make customer service your priority.

  • You’ll deal with panicked customers who think they’ve just lost all their important files, irate customers who want immediate help at 10 p.m., and hovering customers who want to supervise (and ask about) every move you make. You need to be able to remain calm , courteous, and patient. As a small business, you’re not likely to be able to match the prices of your larger competitors — the personalized service you offer needs to offset this disadvantage.

Step 3 Build your brand...

  • Put some thought to your business name, logos , signage, marketing, etc. Create a professional look that presents your business as legitimate and lasting.
  • Referrals will be essential to your business. Always hand out professional-looking business cards to existing customers, and consider offering referral discounts or rewards. Throwing in some free service or equipment is a small price to pay in order to build up your customer base. [8] X Research source
  • Especially if you don’t have a storefront, make your business website and/or social media presence appear professional and interconnected to your overall brand.

Step 4 Think about your business location.

  • Working from home, for instance, offers more flexibility and less overhead costs, but also offers less visibility and possibly more distractions. A well-placed storefront adds to your visibility and helps legitimize your business in the public’s mind, but it comes at a cost and tends to lock you into a more rigid schedule.
  • If you focus on computer repairs, working in your own shop may limit distractions and save you time and travel money, but customers may be more comfortable with you working on the equipment in their homes. (Your potential liability is also likely to be reduced when you don’t take the equipment with you.)

Starting a Small Business: Some Basics

Step 1 Start with a business plan.

  • See How to Write a Business Plan for a good primer on the process of creating this important document.

Step 2 Protect yourself and your business.

  • You may want to save on taxes by having customers pay cash “under the table” and not reporting the income, but this gives your business an air of illegitimacy (as well it should) for your customers. You are better off paying the taxes and appearing (and being) legitimate. [9] X Research source
  • How to Open a Small Business offers some nice information on the legal requirements of establishing a business. The U.S. Small Business Administration website is also a great resource; see, for instance, https://www.sba.gov/content/follow-these-steps-starting-business .

Step 3 Become a part of the community.

  • Volunteer some of your time and expertise. Be a supporting sponsor at community events (with the requisite public recognition, of course). Use your advertising and branding to develop a sense of stability and permanence for your business, even in a field that changes as rapidly as computers.
  • No matter the nature of your small business, you need to be visible, you need to be reliable, and you need to provide a personalized experience that builds customer loyalty.

Expert Q&A

Luigi Oppido

You Might Also Like

Start a School

  • ↑ https://www.technibble.com/moving-wearable-mobile-repair-post-pc-era/
  • ↑ http://www.computerhope.com/issues/ch001553.htm
  • ↑ https://www.technibble.com/categories/starting-computer-repair-business/
  • ↑ http://www.mytopbusinessideas.com/computer/
  • ↑ http://www.tomshardware.com/answers/id-1813630/starting-computer-repair-setup-consulting-business-tips.html

About This Article

Luigi Oppido

To start up a successful computer business, find a way to match your skills with the needs of your local computer market. Assess the training and experience that you have with computers to determine the type of computer business that is best suited to your talents. For example, if you have experience building personal computers, you can use your background to start up a business selling discounted computers that you assemble from parts that you acquire. In addition to your skills and experience, it’s important that you analyze the market around you to see if you can start a successful business. Consider the demographics in your area and think about what type of computer products or services they’re likely to purchase. For example, if you’re selling discounted computer systems, and your area has a large number of older people looking to buy a simple home computer, you may have a market for your business! For tips about how to build your brand identity when you’re starting a computer business, keep reading! Did this summary help you? Yes No

  • Send fan mail to authors

Reader Success Stories

Namgbenda Andrew

Namgbenda Andrew

Oct 27, 2016

Did this article help you?

computer sales and service business plan in india

Sophia Tamayo

Jul 5, 2017

Do I Have a Dirty Mind Quiz

Featured Articles

Save Money as a Kid

Trending Articles

What Does “If They Wanted to, They Would” Mean and Is It True?

Watch Articles

Clean Silver Jewelry with Vinegar

  • Terms of Use
  • Privacy Policy
  • Do Not Sell or Share My Info
  • Not Selling Info

wikiHow Tech Help Pro:

Level up your tech skills and stay ahead of the curve

How to Start a Computer Shop Business in India?

Author Bessie Fanetti

Posted Aug 15, 2022

Circuit board close-up

If you are planning to start a computer shop business in India, there are certain things that you need to keep in mind. The first and foremost is to have a clear business plan. You need to know what products or services you want to offer, who your target market is, and what are your goals and objectives.

What are the initial steps for starting a computer shop business in India?

What are the necessary licenses and permits required, what is the best location for setting up a computer shop.

Once you have a plan in place, the next step is to find the right location for your business. The location should be such that it is easily accessible to your target market . It should also be situated in a place where there is a good infrastructural support system.

After you have zeroed in on a location, the next step is to set up the infrastructure for your business. This includes setting up the office, getting the necessary licenses and permits, and setting up the IT infrastructure.

Once the infrastructure is in place, you need to stock up on the required inventory. This includes computers, peripherals, software, and other related items. It is important to have a good variety of products to offer so that you can cater to the needs of your target market.

The last step is to market your business. This can be done through various means such as online marketing, offline marketing, and word-of-mouth.

With these tips, you can start your own computer shop business in India and be successful at it.

Starting a computer shop in India can be a very lucrative business idea. India is a land of opportunity, with a vast population and a growing economy . The demand for computer services is expected to continue to grow in India, making it an ideal market for starting a computer shop business. Below are the initial steps you should take in order to start a computer shop business in India:

1. First and foremost, you will need to obtain the necessary licenses and permits from the Indian government in order to operate your business. This includes a business license, as well as any other permits required for selling computers and computer-related services.

2. Once you have obtained the necessary licenses and permits, you will need to find a suitable location for your computer shop. Ideally, the shop should be situated in a busy area with high foot traffic.

3. Next, you will need to purchase the necessary equipment and supplies for your shop. This includes computers, printers, scanners, and other office supplies.

4. Once you have all the necessary equipment and supplies, you will need to hire staff for your shop. This includes customer service representatives, sales staff, and technicians.

5. Finally, you will need to promote your shop and attract customers. This can be done through various marketing and advertising channels, such as online, in print, and through word-of-mouth.

With these initial steps, you can start a computer shop business in India and tap into this growing market.

There are many different licenses and permits that may be required for any given business. The most common and necessary ones are briefly discussed below.

One of the most important licenses required for any business is a business license. This license is obtained through the city or county in which the business is located. The business license gives the business permission to operate within the city or county limits. The business license may also be required to post signs, advertise, or sell products within the city or county boundaries.

Another common license required for businesses is a liquor license. This license allows businesses to serve alcohol to customers. The liquor license may be obtained from the state in which the business is located. Each state has different rules and regulations regarding the sale of alcohol.

A food license may also be required for businesses that serve food to the public. The food license is obtained from the county or city in which the business is located. The food license gives the business permission to prepare and serve food to customers.

A permit may also be required to park vehicles in a designated area . The permit is obtained from the city or county in which the business is located. The permit allows the busin ess to park vehicles in a designat ed area for a specified period of time.

A license or permit may also be required to operate a business from a specific location. The license or permit is obtained from the city or county in which the business is located. The license or permit allows the business to operate from a specific location.

There are many other licenses and permits that may be required for businesses. The licenses and permits required will vary depending on the type of business, the location of the business, and the laws of the state in which the business is located.

There are many factors to consider when determining the best location for setting up a computer shop. The most important factor is the concentration of potential customers in the area. Other important factors include the proximity to complementary businesses, the availability of qualified personnel, the cost of real estate, and the level of competition.

The concentration of potential customers is the most important factor to consider when determining the best location for setting up a computer shop. The shop should be located in an area where there is a high concentration of potential customers , such as a central business district or a residential area with a high density of households.

Proximity to complementary businesses is another important factor to consider when determining the best location for setting up a computer shop. The shop should be located near other businesses that complement its products and services, such as businesses that sell office supplies or electronic components .

The availability of qualified personnel is another important factor to consider when determining the best location for setting up a computer shop. The shop should be located in an area where there is a high concentration of qualified personnel , such as a university town or a business district.

The cost of real estate is another important factor to consider when determining the best location for setting up a computer shop. The shop should be located in an area where real estate costs are relatively low, such as a suburban area or a small town .

The level of competition is another important factor to consider when determining the best location for setting up a computer shop. The shop should be located in an area where there is relatively little competition, such as a small town or a rural area .

How much capital is required for starting a computer shop business in India?

It is difficult to ascertain the amount of capital required for starting a computer shop business in India as it would depend on numerous factors such as the city in which the business is being set up, the range of products and services offered, the scale of operations, etc. However, a rough estimate would be around Rs. 10 lakhs to Rs. 15 lakhs.

factors such as the city in which the business is being set up, the range of products and services offered, the scale of operations, etc. However, a rough estimate would be around Rs. 10 lakhs to Rs. 15 lakhs. India is a vast country with a population of over 1.3 billion people, and thus, the potential for a computer shop business is immense. The industry is growing at a rapid pace, and according to a report by Nasscom, the Indian IT industry is expected to reach a size of $225 billion by 2020.

However, starting a computer shop business in India is not an easy task. There is a lot of competition, and one needs to have a good understanding of the market before venturing into this business. Additionally, a computer shop business requires a good amount of capital as the initial investment would be towards setting up the shop, procuring the inventory, and marketing the business.

However, if done correctly, a computer shop business can be a highly profitable venture. There is a constant demand for computers and related products and services, and with the right mix of products and services, a computer shop can become a one-stop-shop for all the computing needs of its customers.

To summarize, starting a computer shop business in India is a challenging but potentially lucrative proposition. One needs to have a good understanding of the market, a sound business plan, and a good amount of capital to start this business. With the right mix of products and services, a computer shop can become a successful and profitable venture.

What are the major costs involved?

There are both direct and indirect costs associated with any business venture. The direct costs are the specific costs that can be tied directly to the product or service being provided. Indirect costs are more general and are often overhead expenses, such as the costs of rent, utilities, and employee salaries.

The major direct costs involved in most businesses are materials, labour, and shipping. Materials costs can fluctuate widely, depending on the type of product being made and the market conditions at the time. Labour costs are also very important, and can make up a large portion of the total cost of a product. Shipping costs can also be significant, especially if the product is being shipped internationally.

Indirect costs are often more difficult to calculate, but can still be very important. General overhead costs, such as rent, utilities, and employee salaries, can add up quickly and can have a major impact on the bottom line .

In order to be successful, it is important to carefully track all costs, both direct and indirect. By doing so, businesses can make informed decisions about where to allocate their resources and can ensure that they are making a profit.

What is the expected return on investment?

The expected return on investment (ROI) is a measure of how much return you can expect from an investment over a period of time. It is calculated by taking the average of all the possible returns that could occur from that investment.

The expected return on investment is a important concept for anyone looking to invest their money. It allows you to compare different investments and find the one that is most likely to give you the best return. It is also a good way to measure your own risk tolerance.

The expected return on investment is not guaranteed. It is only an average of all the possible returns that could occur. This means that you could get a return that is above or below the expected return.

There are many factors that can affect the expected return on investment. The most important factors are the investment's risk and return.

The risk of an investment is the chance that you will lose money on the investment. The higher the risk, the higher the potential return. The return is the money you make from the investment. It can be in the form of interest, dividends, or capital gains.

The expected return on investment is a key part of investment analysis . It can help you make informed decisions about where to invest your money.

What are the risks and challenges associated with starting a computer shop business in India?

Starting a computer shop business in India can be a very rewarding experience, but it can also be fraught with risks and challenges. One of the biggest risks is the level of competition. India is a very competitive market for computer shops , with many large and well-established businesses already operating. This can make it difficult to break into the market and get your business up and running. Another risk is the level of regulation. There are strict laws and regulations in place governing the operation of computer shops in India. This can make it difficult to comply with all the required regulations and can also lead to hefty fines if you are found to be operating your business illegally.

Another challenge associated with starting a computer shop business in India is the level of infrastructure. Many parts of the country do not have good roads or reliable electricity , which can make it difficult to get your business up and running. Additionally, the cost of setting up a computer shop can be quite high, due to the need to purchase expensive equipment and software. Finally, it can be difficult to find qualified staff to work in your computer shop. Many people in India are not familiar with computers and lack the skills necessary to work in a shop. This can make it difficult to find reliable and qualified employees .

What are the potential growth opportunities?

The potential growth opportunities for a business are limitless. It all depends on the business model, the products or services offered, the target market, and the competitive landscape. That said, there are a few general areas where businesses can look to for growth opportunities.

One area is expanding the product or service offerings. This could mean adding new products or services, or expanding the current offerings to reach new markets. For example, a business that currently sells women's clothing could expand into men's clothing, or a company that offers home cleaning services could add commercial cleaning services .

Another growth opportunity is to enter new markets. This could be done by targeting new geographical markets or targeting new customer segments. For example, a business that currently sells products online could start selling through brick-and-mortar stores, or a company that sells products to businesses could start selling to consumers.

Another way to grow a business is to increase the frequency or amount of purchases made by each customer. This could be done by developing new marketing campaigns, offering loyalty programs, or introducing new product bundles.

Lastly, businesses can also look to grow through acquisitions. This could involve buying out another company, investing in a promising startup, or forming partnerships with complementary businesses .

No matter what direction a business chooses to grow, it's important to have a solid plan in place. This plan should include an analysis of the current situation, specific goals, and a timeline for achieving those goals. Without a plan, it will be very difficult to measure progress and make adjustments as needed.

Taking the time to identify potential growth opportunities is a critical step for any business. By taking advantage of these opportunities, businesses can stay ahead of the competition and continue to thrive for years to come.

What are the key success factors for a computer shop business in India?

There are numerous key success factors for a computer shop business in India. Some of the key success factors are as follows:

1. The能夠 computer shop business in India 能夠 need to have an efficient and knowledgeable workforce in order to cater to the ever-growing customer base in India.

2. The computer shop business in India needs to have a good understanding of the latest technology trends in order to provide its customers with the best possible products and services.

3. The computer shop business in India also needs to have a strong and effective marketing strategy in place in order to create awareness about its products and services among potential customers.

4. The computer shop business in India should also focus on providing good customer service in order to retain its existing customers and attract new ones.

5. The computer shop business in India should also have a sound financial management in place in order to ensure its long-term viability and profitability.

Frequently Asked Questions

How do i start my own computer shop.

First, start by identifying a niche market that you think would be interested in your services. For example, if you're a computer gamer,target gamers rather than general consumers. Once you have an idea of what type of customers you want to serve, evaluate what amenities are necessary to attract them. For example, if you plan to sell modded games and accessories, make sure you have ample space to display your inventory and provide customer support. Finally, develop a marketing strategy to promote your shop and attract new customers.

How do I start a computer repair business?

The first step is to determine what you’re good at and hone your skills. Find an industry-relevant publication like PCWorld or CNET and read up on the latest trends in computer repair. Also, attend trade shows and get involved with your local computer user group. This will give you an opportunity to meet people who would be potential customers, as well as learn more about the industry from established professionals. Once you have a solid understanding of the market and what needs are being fulfilled, it’s time to start planning your business. Planning for a successful computer repair business can be tricky. There are many important details that need to be considered, such as pricing, staffing, marketing, and equipment requirements. It’s important to base all of your decisions on data analysis, so make sure to estimate what it will take to achieve profitabilitybased on your current level of knowledge and abilities. Once everything is in place, it’s time to get started

What kind of Business can you start with a computer?

Banks, insurance companies, and other businesses need computers to run their daily operations. Retailers sell computers both online and in stores. Some people also start their own computer repair businesses.

Where can I set up a PC repair business?

Your computer store can be in any number of locations. If you don’t have much capital to start up the business or you are just a hobbyist, your workplace is most likely to be a spare bedroom or garage set aside in your home. For this article we will be focusing on setting up a workshop for a PC Repair business. Here are some tips for locating and setting up a workshop: Look for an area that is well-ventilated and free from loud noises so you can concentrate while repairing PCs. Choose an area with good natural light as it will help you see better when working on PCs. Clear out any unnecessary furniture so there is more space to work on PC repairs. Make sure there is enough storage space to store repair tools, parts, and other materials. Once you have located an area to set up your PC Repair workshop, following these tips will help make the process easier:

What are the minimum requirements to start a computer shop?

There is no minimum, but starting a business, especially a technology-based one, can be very expensive. Figure out what you plan on selling, figure out registering fees, etc.

Featured Images: pexels.com

Bessie Fanetti

Bessie Fanetti

Writer at Go2Share

Bessie Fanetti is an avid traveler and food enthusiast, with a passion for exploring new cultures and cuisines. She has visited over 25 countries and counting, always on the lookout for hidden gems and local favorites. In addition to her love of travel, Bessie is also a seasoned marketer with over 20 years of experience in branding and advertising.

Smiling Teacher Standing

What Did the Computer Do at Lunchtime?

Crop young positive female smiling and taking notes in organizer while cat watching on netbook at table at home

Did a Human or a Computer Write This?

Laptop with usb multiplier and memory card

How Do I Connect My Jambox to My Computer?

Techlogitic

How to start a computer sales and service business in india

' src=

  • 1 Identify Your skills and Coordinate them with market
  • 2.1 Get Business Registration
  • 2.2 Shop act License and Gst Registration
  • 2.3 Make strategy for marketing and Hire staff
  • 3 Conclusion

In every Household in India today you can find a Desktop pc Or laptop. once laptops and Pcs were only used in conducting businesses or by science labs or Schools and Universities. Now It is like a necessity just like air , water and Food.

The Indian Hardware Industry is Worth rs. 15.8 billion and is Major contributor in Indian Gdp. Every year 12.58 units of Laptop and Desktop Pcs Are sold in India. Check out the best options for  LLC services if you want to start your own hardware business. Which makes Starting your own computer sales and service business in india very profitable and very advantageous.

But How can you start your own computer sales and service business in india? , What are the requirements to start this kind of Business and What legal requirements do you need to start a Computer Sales and Repair Business?

Before We Jump Into how you can start your own Computer sales and service Business, I would like to tell you that You need to have Chip Level , hardware level and Software level Training. You can Take a Course online  or you can join any Hardware training Institute . you need to have good level of Experience with repairing Computers and Laptops then Only you should Go ahead with this Business.

Now when if you have Training and Required knowledge you can go ahead with this business.So Here are The steps That you need to take to Start a computer sales and service business in india.

Identify Your skills and Coordinate them with market

You Need to Identify which service you can give in A better way to the client. For example If You are good at Assembling a Pc then You can provide assembling Services to The Customers, If you are good at repairing laptops then you can provide laptop repair servicces , If you have good sense of customer service and You can communicate better with people , you can start a sales Services and if you are good with softwares , you can start software sales services or you can give software support via remote desktop as virtual assistant. When you make sound choice of your expertise , it will be easier for you to conduct this business and win more clients.

Study the market or carry market research using Internet , books and Journals.

You can visit the computer shops in your local market and Observe how they work or you can ask the owner for the advice or you can conduct research on the internet by visiting Any Technology or Computer Related websites, You can read journal and surveys that are Published by the government or University or Research company or computer Magazines.

Get Business Registration

Now that You have done market research and know which service you can give to People . You should Get Business Registration Done. For this All you have to Do is Make a choice of Business entity that you will adapt as Business model . You can choose to register Sole Proprietorship, Private Limited Company, Limited Liability partnership, partnership firm , One person Company etc. For The Computer sales and Service business it is highly recommended to operate business as a Pvt Ltd Company Registration or Partnership. After You have made choice of business entity , you should approach a legal Service provider or Ca, Cs and Icwa Firm to get Business registration . The Documents that you require are Pan Card , Aadhar Card , Driving License , Voter id , Rent Agreement, Address Proof etc.

Shop act License and Gst Registration

You need to Also Get a Shop act License within 30 days of Commencing the business as it is necessary to get this license as without it your business will not be considered as Legal and you need GST Registration as well because In India if anyone is Making any sale and giving services they are required to file Gst returns. You can approach a legal service or consultant in this matter.

Make strategy for marketing and Hire staff

You can market your business online or give ads in Newspaper,  tv or radio. For Computer and Sales business it is advisable you go Social media Marketing and online Marketing . For hiring staff you can take Help of a Human Resource Consultant .

Computer sales and service Business in India is a very fast growing business. It has Potential to give high growth.In Order  To succeed in This business after you commence your business , you need to be constantly  stay updated  with the  latest technology and recent development  and Make good customer service your priority.

' src=

Growthink logo white

Computer Repair Business Plan Template

Written by Dave Lavinsky

computer repair business plan

Computer Repair Business Plan

Over the past 20+ years, we have helped over 1,000 entrepreneurs and business owners create business plans to start and grow their computer repair businesses. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a computer repair business plan template step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is a Computer Repair Business Plan?

A business plan provides a snapshot of your computer repair business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a Computer Repair Business

If you’re looking to start a computer repair business, or grow your existing computer repair business, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your computer repair business in order to improve your chances of success. Your business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Computer Repair Businesses

With regards to funding, the main sources of funding for a computer repair business are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the lender will not only want to confirm that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for computer repair businesses.

Finish Your Business Plan Today!

How to write a business plan for a computer repair & maintenance company.

If you want to start a computer repair business or expand your current one, you need a business plan. Below we detail what should be included in each section of your own business plan:

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of computer repair business you are operating and its status. For example, are you a startup, do you have a computer repair business that you would like to grow, or are you operating computer repair businesses in multiple markets?

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the computer repair industry. Discuss the type of computer repair business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.  

Company Analysis

In your company analysis, you will detail the type of computer repair business you are operating.

For example, you might operate one of the following types of computer repair businesses:

  • Hardware repair : this type of business provides repairs to physical units such as PCs and motherboards, game systems, accessories, etc.
  • Software repair: this type of business involves troubleshooting, operating system updates, and virus removal.
  • IT services: this type of business provides a range of services for IT products and components, including upgrades, installation and maintenance, security testing, technical support, and both hardware and software repairs.

In addition to explaining the type of computer repair business you will operate, the Company Analysis section of your business plan needs to provide background on the business.

Include answers to question such as:

  • When and why did you start the business?
  • What milestones have you achieved to date? Milestones could include the number of repairs completed, maintenance contracts signed, etc.
  • Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry analysis, you need to provide an overview of the computer repair industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the computer repair industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your strategy, particularly if your research identifies market trends.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the market research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section:

  • How big is the PC repair industry (in dollars)?
  • Is the market declining or increasing?
  • Who are the key competitors in the market?
  • Who are the key suppliers in the market?
  • What trends are affecting the industry?
  • What is the industry’s growth forecast over the next 5 – 10 years?
  • What is the relevant market size? That is, how big is the potential market for your computer repair business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section must detail the computer service customers you serve and/or expect to serve.

The following are examples of customer segments: small businesses, nonprofits, government entities, and individuals.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of PC repair business you operate. Clearly, government entities would respond to different marketing promotions than nonprofits, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve. Because most computer repair businesses primarily serve customers living in the same city or town, such demographic information is easy to find on government websites.

Psychographic profiles explain the wants and needs of your computer service customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.

Finish Your Computer Repair Business Plan in 1 Day!

Don’t you wish there was a faster, easier way to finish your business plan?

With Growthink’s Ultimate Business Plan Template you can finish your plan in just 8 hours or less!

Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other computer repair businesses.

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes warranty repair options, or from dedicated in-house IT teams.

With regards to direct competition, you want to describe the other PC repair businesses with which you compete. Most likely, your direct competitors will be computer repair businesses located very close to your location.

computer maintenance and repair business competition

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

  • What types of customers do they serve?
  • Do they specialize in specific services (i.e. PC repair, Apple product repair, software services, etc.)?
  • What is their pricing (premium, low, etc.)?
  • What are they good at?
  • What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

  • Will you provide either a wider range or more specialized range of services?
  • Will you offer features such as mobile repair?
  • Will you provide superior customer service?
  • Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a computer maintenance and repair company, your marketing plan should include the following:

Product : In the product section, you should reiterate the type of computer repair company that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to PC hardware repair, will your PC repair business provide software upgrade services?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the services you offer and their prices.

Place : Place refers to the location of your computer repair company. Document your location and mention how the location will impact your success. For example, will you operate from a physical office, or will you primarily interact with clients at their home or place of business? In this section, discuss how your location will affect demand for your services.

Promotions : The final part of your marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

  • Advertising in local papers and magazines
  • Reaching out to local websites
  • Signs and billboards
  • Social media marketing
  • Local radio advertising

Operations Plan

While the earlier sections of your computer support business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your PC repair business, including marketing, providing consultations, troubleshooting, providing the actual repairs, keeping abreast of new technology, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to repair your 100th PC, or when you hope to reach $X in revenue. It could also be when you expect to open a computer repair business in a new location.  

Management Team

To demonstrate your computer repair business’ ability to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally you and/or your team members have direct experience in managing PC repair businesses. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in repairing electronics, or successfully running IT businesses.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you provide hardware repairs exclusively, or will you also offer help desk services and software upgrades? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets : Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your computer repair business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a PC repair business:

  • Office build-out
  • Cost of buying or leasing a company vehicle
  • Cost of office supplies such as computers and software
  • Payroll or salaries paid to staff
  • Business insurance
  • Taxes and permits
  • Legal expenses

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your office lease, or an overview of the services you offer.  

Putting together a business plan for your computer repair business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the computer repair industry, your competition, and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful computer repair business.  

Computer Repair Business Plan FAQs

What is the easiest way to complete my computer repair business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your Computer Repair Business Plan.

What is the Goal of a Business Plan's Executive Summary?

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of computer repair business you are operating and the status; for example, are you a startup, do you have a computer repair business that you would like to grow, or are you operating a chain of computer repair businesses?

Don’t you wish there was a faster, easier way to finish your Computer Repair business plan?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to see how Growthink’s business plan professional services can help you create a winning business.

Other Helpful Business Plan Articles & Templates

Business Plan Template

Logo

  • Advertising
  • Privacy Policy
  • Terms of Service

5 Most Popular Online Slot Machines with Exciting Bonus Games

Period Pain Relief: Understanding Your Options and the Benefits of Meftal Spas

The Best Historical Sites in Ethiopia

Learn 10 Interesting Ways To Play Teen Patti in 2024

The Importance of Margin Calculators in Your Investment Strategy

Simplify Your Finances: Avail Collateral-Free Business Loans With Kotak Bank

ELSS vs Equity: Which is Best For Tax Saving?

Unveiling the power of homepage backlinks, shifting paradigms: elevating the case for gender diversity in workplace..

A Detailed Analysis Of InMobi India’s One Of The Most Successful Unicorn in 2024: Past, Present & Future

Literate Population, Illiterate Leader: Data reveals more than 600 Lok Sabha candidates are only 8 pass. Why is it important to choose an educated...

Newsclick Founder’s Arrest ‘Invalid In The Eyes Of The Law’! How Are Draconian Laws Like UAPA, Which Was Enacted To Protect The National Interest,...

Why Are We Letting Our Forests Burn? With Recent Wildfires In Uttarakhand And Simlipal, What’s Next To Ignite If Authorities Don’t Act?

Did Ajit Pawar ask “to go slow” on the Pune Porsche incident? How 1 accident revealed the corruption racket of the rich and the...

The growing menace of cybercrime: government blacklists 8 entities, are global markets changing the way we think about product safety a food scientist’s perspective.

Reliance To Enter Into Quick Commerce Segment: Why Are Companies Running Quick In Setting Their Feet On The Quick Commerce Delivery Industry?

The Silent Goodbye, Over 20,000 Techies Lost Jobs In FY24 Alone; Just The Tip Of The Iceberg As Sector Struggles With Multitude Of ‘Silent’...

How to start a computer company?

aadhya

In today’s Indian economy, more goods and services are available online than ever before. The current Covid19 crisis is more digital than ever.

Almost all services are now available online, including some previously unavailable services such as fitness trainers, dance, and more. Demand for computers and laptops continues to be high.

How To Open A Computer/Laptop Showroom?

Learn  how to  create a store for  computers /laptops by following the basic procedures in this article.

Planning for the Future of Your Business strategy is essential when starting a company. The first step in opening a computer showroom is to develop a detailed business strategy from the ground up. A plan should include every detail, from the smallest to the most important. You can start by defining the purpose of opening a computer salon.

The next step is to answer questions such as how much money you are willing to invest and where your business is based. To keep the strategy as detailed as possible, you should also include the following elements:

  • If you want to go into the details, you can do it in the plan. Study and analyze goals.
  • The importance of market research in any industry cannot be overstated.
  • Analyze the market to find the most in-demand systems and those that are not.
  • Controlling unpredictable supplies is critical, especially during a pandemic.

First, we need to know who our target customers and companies are and who their stakeholders are.

Trusted data gives you the confidence to move forward. If necessary, you can use the services of a market research expert to get the data you need.

Financial Definition

Set spending limits based on your research. How much money should I invest in a new computer showroom, and where does that money come from? How much are you willing to spend on equipment for your first and subsequent orders?

Employee Compensation (if applicable):

A few decisions need to be made at this stage. You can skip this step if you have saved enough money or received financial support from family or friends. There is no workaround for this problem. If all else fails, you need to start raising your finances.

SMEs and startups receive a lot of support from the government and financial institutions, and their financing is more flexible than in the past.

  • Find a low-interest loan at the bank.
  • Private banks often take less time to get loans than government banks.
  • Reach out to the venture capitalists online and give them ideas on managing your money.

Local authorities must approve the project as soon as funding is received.

Obtain required permits.

Depending on the site and the size of the showroom, many permits and approvals are required. You can hire a professional to help you get a license or do it yourself from community organizations such as local governments and municipalities. This step involves a lot of effort and patience as the application and location are checked multiple times. Because many of these applications need to be tested, follow-up is often necessary and recommended.

It takes about a month for these permits to be approved and ready. Obtaining a business license is the primary step to making your company a reality.

  • The next step is to ensure that your company is protected under Indian company and business laws.
  • Please ensure that you complete the correct registration and comply with all applicable laws.
  • If you want to hire another person, you must do so legally under the laws of your country.

Your company needs insurance to protect you if something goes wrong. We can only find the company’s location after obtaining legal protection. A showroom must have a home.

It’s both fun and challenging.

We may need to contact our local real estate agent to find the right ToLet for your computer store.

There is no guarantee to find it in a few days, but it is possible. Once you find a location that meets your requirements, you will need to enter into a rental agreement with your landlord before your company can start operating.

Personalize the space and move on to the essential step.

Invest in the tools you need. Then, it would help if you found a reliable and cost-effective supplier to purchase the computers.

The final invoice is based on this factor. Ensure the supplier has a good industry reputation for supplying genuine OEMs and not counterfeit or counterfeit products.

Deal with this seller at a price you can buy both. Buyers or profits will suffer if they have to pay more for goods and services.

Advertisement and Beginning of Company Existence

It would help if you informed everyone in the city that a new computer salon has opened. Hire a professional marketing company to help launch and advertise your new showroom, both online and in print.

There is no end. The more people know about your showroom, the more likely your launch will be successful.

If you want to offer a discount or giveaway to customers who make their first day purchase, do so! Become a member of local businesses.

Your company is already operational. What next? 

The greatest thing you can do is to have a solid relationship with other companies in your neighbourhood. If you don’t interact with the local companies, they will regard you as an outsider attempting to infringe on their company. A strong relationship with the local community that you are a part of is always advantageous in the long term.

To sum it up

The best way to ensure the success of your new Computer showroom is to get advice from other firms in the same industry. Customers are the backbone of everything we do. Without customers, there is no company.

The client is a king and should be treated as such.

Please familiarize yourself with our products and software to answer customer questions and needs. See if there are alternatives to choose from in terms of price points and brand and colour options.

It is also essential that we must take computer setup and technical considerations into account.

Article Proofread and Edited by Shreedatri Banerjee

  • #howtostart

aadhya

Comparing Manual vs. Automatic Coffee Machines: Which Is Right for You?

Leave a reply cancel reply.

Save my name, email, and website in this browser for the next time I comment.

Most Popular

Recent comments, editor picks, popular posts, the first g20 sherpa meet and its significance, explained, electric vehicle sales cross 1 lakh sales milestone in q1 fy2023, okinawa tops the list, russia to quit space station after 2024: what does it mean for the world, popular category.

  • Trends 26115
  • Stories 10883
  • STARTUPS 2598
  • Business 1469
  • Finance 842
  • Interviews 299

Inventiva is a business Magazine covering startups, entrepreneurs & their journey. We bring some of the most talented, different & potential & motivational entrepreneurs.

Contact us: [email protected]

© Inventiva Brand Of Nine Network Private Limited. Nine Network A Company Registered Under Indian Companies Act 2013 And Registered As Nine Network Private Limited CIN: U74140DL2016PTC289760. Inventiva Is A Fully Licensed & Registered Print Media With RNI Under MIB Registration Number DELBIL/2018/76160.

  • Website Stats & Print Circulation
  • TERMS OF USE
  • Ownership And Funding Policy
  • Fact-checking Policy
  • Ethics Policy
  • Corrections Policy
  • Business Directory

Did Ajit Pawar ask “to go slow” on the Pune Porsche...

Lio Blog

Popular Posts

What are Digital Work Instructions?

  • What are Digital Work Instructions?

Asset Health & Condition Monitoring

  • Asset Health & Condition Monitoring

What is Digital Transformation?

  • What is Digital Transformation?

The 10 Best No-Code App Builders in 2024 | Build Apps Without Coding

  • The 10 Best No-Code App Builders in 2024 | Build Apps Without Coding

CRM Finance | CRM Software for Financial Services Industry

  • CRM Finance | CRM Software for Financial Services Industry

How to Start Electronic Shop Business In India

' src=

Surabhi Guleria

  • May 24, 2023
  • 10 Min Read

How to Start Electronic Shop Business In India

Interested in knowing how to start your own electronic shop business in India? We bring you a detailed and easy guide that will help you understand the process.

From fans to AC, oven to the fridge, lights to vents, phones to television and laptops and wristwatches, we are surrounded by electronics. Gadgets have made our life super easy as it simplifies the work and delivers instant outputs. 

With the increase in demand for electronics, it has become one of the best business ideas in India . So let’s straight jump into the steps for starting an electronic shop business.

How to Start Electronic Shop Business in India

Starting an industry in electronics can be very challenging as this industry is volatile and can be difficult for startups if they lack a good blueprint to compete with many other established names in the business.

Hence starting an electronic shop business is a safe option and a profitable one. If everything is planned well in advance and one understands the business thoroughly then you can have a successful business. So here’s how to go about starting a business and opening an electronic shop business of your own.

Here are the steps to start an electronics store:

Investigate The Competitors

The first rule of all businesses is to investigate the competitors. Know all about them, what they are doing, their products, services, growths, success rate, failures, and marketing strategy.

There is a great deal that you can learn from it, things you should do and things that you should not. Knowing your competitor’s business module well will help you bring originality and uniqueness to your store that will set you apart.

Store Location

Location plays a key role in the success of your store. The location needs to have proper accessibility which will also improve the survival of the business.

Create, Share, Collaborate

Work with your team in real-time. create documents together and share the same on Whatsapp, Gmail, etc.

FREE OF COST

The location should convince the franchise to tie up with you which will give a lot of visibility to your store and eventually help in the growth of your business.

Set Up An Office Space

Set up a nice office space that will attract your customers and mainly the franchise companies when starting your electronic shop business. Having a nice base would show the seriousness of your business.

This gives psychological satisfaction to the customers of the displayed products and also gives a nice plush experience to them. This would also give the real feel of the product and make them realize what they really feel about it.

computer sales and service business plan in india

Doing Research About Franchise

Do deep research on the franchise electronics companies and the know-how they function this way you would be able to determine which of these franchises fits your budget, personal interest, and goals.

Know all the parameters and check beforehand if you qualify for the requirements. Once done, get an appointment with them to discuss everything related to the franchise.

Available in 10+ Languages

Hindi, English, Bangla, Urdu, Malayalam, etc. Now Work Comfortably in Your native language.

Raise capital.

All business heavily relies on the investment and the capital it raises. The capital needed in the initial days is a lot hence it is important that you start raising funds from early on. As per a survey, 57% of small businesses depend on personal savings initially.

You need funds for things like store inventory, location, products, lease amount, store fixtures, employee wages, marketing, etc. 

Register Your Business

Registering your business is mandatory and there is no other way around it. Registering your business gives it a legal existence and also registers the name in the particular industry.

The government will identify your business only after you register it through the official agencies. This would also help you with a simplified taxation process as well as help in running your business smoothly.

Hiring Employees In An Electronics Store

You must hire employees to run a smooth electronic shop business. The people you need to hire are for the following positions:

  • Floor Manager
  • Supervisors
  • Promotional Head
  • Stock Manager
  • Sales Representatives

Other departmental duties include-

  • Maintenance

Business Insurance For An Electronics Store In India

Nothing in life is predictable. Accidents can happen to anyone whether big or small hence insurance is important that can cover all the damages. The insurances are an altogether separate wing with different types. Some common insurance policies that are offered for an electronic shop business are-

  • Electronics store Crime insurance
  • Electronics store Cyber liability insurance
  • Electronics store Worker’s compensation
  • Electronics store commercial auto insurance
  • Electronics store business property insurance
  • Electronics store general liability insurance

You can get them from private companies or government agencies. 

computer sales and service business plan in india

Business License & Application Requirements For An Electronic Shop Business

A license gives a legal authorization on every product you sell, the exceptions being:

  • If your store’s display space is less than 20% of the total display space, a license won’t be required.
  • If you’ve less than 30 electronics for display or sale, a license is not needed.

Mandatory requirements for the application include-

  • Sales Tax Identification Number
  • For only electronics services- Electronic and Home Appliance Service Dealer License (2 years validity)
  • License Number
  • For selling second-hand electronics- Second Hand Dealer General License (2 years validity)

Since the electronics business falls in the category of retail businesses, you would have to obtain a state license for the same. So why do we need a license? Licenses act as a legal document or authorization that all businesses and the products you sell. Not all business requires licenses but you definitely need the following conditions:

computer sales and service business plan in india

  • If you have less than 30 electronic goods for sale or display, then you do not need a license.
  • Measuring in linear feet, if the display space of the store is less than 20% of the total display space, there is no requirement for a license.

Requirements for the application

To get an electronics store license, the following documents or legal identities will be required.

  • License application

Again, there are two more subdivisions in the licensing part. If your plan is to offer service for the electronic good, you would need an electronic and home appliance service dealer license.

If you are selling second-hand electronics goods, you would need a second-hand dealer general license. These licenses have a validity period of 2 years post which you would need to renew them to continue the business operations. 

Your Data Is Safe As A House

With daily backups, we ensure your data is safe and secure whether you lose your phone or it breaks down.

Online application process.

Three things that are required for the final stage of getting an EIN (Employer Identification Number)-

  • Online Application
  • Eligibility check

Make sure all the necessary documents are with you before you apply and this is a very important step as it might cause rejection during the process if you pause or take too long to fill in the form.

The check covers TIN, the location of the business, and other conditions pertaining to ownership and limitations of EIN applications. It is a single-session application process where resuming back to the webpage is impossible.

Once you submit, the verification process is initiated. Verification is done with the TIN you provide and the advantage of an online application is that you get the work done immediately. You get your EIN after verification and all you have to do is print it with the downloaded copy.

Also Read: Business Ideas in Mumbai

Lio

Maximize Your Online Business Potential for just ₹79/month on Lio. Annual plans start at just ₹799 .

How Can Lio Help In Starting An Electronic Shop Business?

Lio is a data organization app that not only arranges your data as per your preferences but also makes them available over the phone and to various users.

When an entrepreneur would first start their electronic shop business, they will just have a few workers, which means everyone will be working beyond their potential.

The business owner may keep track of time using Lio’s timesheets. Utilizing an app like Lio that can record employee timesheets would benefit not only employees but also management staff.

Lio also enables members and workers of a company to access a variety of data, services, systems, and other resources without having to look for them on a storage device or in multiple cloud storage places.

They have real-time access to and can analyze the data being collected. Any employee may immediately review the data they are keeping in the centralized repository.

Step 1: Select the Language you want to work on. Lio on Android

Choose from 10 Different Language offered by Lio

Step 2: Create your account using your Phone Number or Email Id.

Create Account using your Phone Number or Email Id in Lio

Verify the OTP and you are good to go.

Step 3 : Select a template in which you want to add your data.

Choose from 60+ Templates offered by Lio And Start Adding Your Data

Add your Data with our Free Cloud Storage.

Step 4: All Done? Share and Collaborate with your contacts.

Share you files with friends and colleagues

Yes, the competition in this field is a lot but if you decide on opening a franchise electronics shop, it is going to be a much better decision that would ultimately lead to good growth and a lot of success.

Studies have already revealed that the success rate of franchise businesses is 95% compared to the success rate of startups, which is 15%.

Hence starting your own electronic shop business would be a much better idea if done properly and if you follow all the above-mentioned instructions.

F requently Asked Questions (FAQs)

How much does it cost to open an electronics store in india.

It all depends on the location. In a big city, it can cost anywhere around INR 10 Lakh and above. In a small town, it can cost around INR 1 lakh.

Can the electronic shop business be profitable?

Yes, they are pretty profitable as there is an advancement in the technological upgrades and electronics sector.

How do I start a small electronic business?

The basic steps to be taken are:

Analyse your Existing electronic businesses Raise funds, find proper investors or get a loan Curate a solid & competitive business plan Know all requirements of electronics suppliers

How much is the margin in electronics?

Depending upon the type of products, for example on an average mobile phone you can earn up to 5-7% of margins.

How can I get an electronics dealership in India?

These are the ways through which you can get a dealership in India:

Before signing the wholesalers, do a quality check. Buy a bulk wholesale list. Enrol on local trade shows. Use powerful engines like Google Obtain Bulk Orders from companies exiting the industry. Utilise Yellow Pages. Buy from Big International Companies.

What is the importance of a franchise disclosure document?

This document is important as it contains important details all related to the franchise and how it functions. It is important that the store owner reads and gets aligned with all the details.

Download Lio App

Benefits of Attendance Tracking System in Businesses

taxi business in india

Know All About How To Start A Taxi Business In India

' src=

I’ve always wanted to launch my own company. I now have a very clear vision after reading this article. Thank you so much. Please write more about related topics.

' src=

Hello Diana,

The lovely words are greatly appreciated. I am delighted that my post piqued your interest and aided you in launching your firm. I’ll write more about related subjects for sure.

Best of wishes for your success in this new endeavor.

' src=

Please list a few benefits of a retail partnership. Please keep it short and simple.

Hello Indira,

Retail partnerships have a number of benefits, including empowering your customers, expanding your customer base and luring new ones, utilizing customer evaluations, boosting sales and conversion rates, and providing better data.

' src=

Would you kindly provide me with some simple info on how to calculate average sales in the right manner?

Hello Jitendra,

The total sales for the time you want to study and the period you want to use to calculate your average sales are two different things. Average sales can be calculated on a variety of time scales, including daily, weekly, monthly, and even annual basis.

You may easily get the total amount of all sales orders inside the selected timeframe and divide by the intervals to determine the average sales for your chosen period.

' src=

Can you please give me some advice on starting a mobile shop? I won’t be able to start a store selling electronics, but perhaps very soon. But with my mobile shop, I’m confident.  Please assist if you don’t mind. Thanks in advance.

Hello Madhupal,

Without a doubt, one of the best small business ideas to start in India is a mobile shop. A well-run Mobile Shop earns an average net profit of 20% on daily sales. Make sure you build a solid business plan that includes all of the details on how to start a mobile shop . Best wishes for your new venture!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Lio is an AI-powered platform that enables businesses to rapidly build and deploy custom enterprise applications. With features like workflow automation, cross-platform functionality, and seamless data sharing, Lio streamlines operations across industries, from healthcare and manufacturing to logistics and agriculture, empowering digital transformation in record time.

computer sales and service business plan in india

  • Business Automation
  • Business Guides
  • Business Ideas
  • Digital Transformation
  • Field Service
  • Inventory Management
  • Marketing Guides
  • No Code App
  • Software/App For Businesses
  • Tips & Tricks
  • हिंदी मे सीखे

Power of Web-Based Inventory Management

The Power of Web-Based Inventory Management: Streamlining Your Business Operations

Meeting Inventory Management System Requirements

Meeting Inventory Management System Requirements: An Overview

Open Source Inventory Management Software

Top 10 Open Source Inventory Management Software: A Comprehensive Guide

Importance of Inventory Management Database for Businesses

Understanding the Importance of Inventory Management Database for Businesses

Related posts.

6 Steps – How to Start a Real Estate Business in India

6 Steps – How to Start a Real Estate Business in India

Wondering how to start a real estate business in India of your own? Look

How to Sell on BigBasket – Know All About It

How to Sell on BigBasket – Know All About It

Wondering how to sell on bigbasket and how to go about the whole procedure?

How To Start A Cafe In India

How To Start A Cafe In India

A freshly brewed coffee is the best thing when one is confused or exhausted.

computer sales and service business plan in india

How To Open A Computer/Laptop Showroom? [Investment, Profit]

How can i start a computer business.

  • The modern Indian economy is highly reformed from the past with more and more products and services being provided online.
  • The recent Covid-19 situation has even made it more digitised than ever.
  • You can now find almost all services online even the ones which were not earlier available like fitness coaching, dancing, and more.
  • The demand for computers and laptops is at an all-time high.
  • If you are looking to bank on this demand by starting your computer showroom, you have come to the right place.
  • Read on to know everything about how to open a computer/laptop showroom with the following simple steps.

Make A Business Plan

  • Everything about a business starts with a plan.
  • If you want to open a Computer showroom, the first thing you need is a complete plan from scratch.
  • Include all the details from the tiniest parts to the major details in your plan.
  • You might want to start with a motive, as to why you want to open a computer showroom.
  • Then cover other details like how much are you willing to invest, locality, product line, and more.
  • Try to include all the following points in your plan too to make it precise.
  • You can also include more detailed steps in your plan if you wish.

computer sales and service business plan in india

Research And Analyse The Plan You Made

  • Nothing beats good market research in any field.
  • Study the market for its demands, the type of systems that are in demand more than the other.
  • Get an idea of the supply side which has been fairly volatile in the pandemic time.
  • This will give you a proper idea of how much to spend and in which areas.
  • Identify the target customers and firms as well as your stakeholders.
  • Sound data will give you enough confidence to proceed further.
  • If required, you can take the help of market research professionals to provide you with accurate data.

Decide The Budget

  • Once you have the research data, the next thing you want to do is decide on your spending limit.
  • How much can you invest in your new showroom and the sources of these investments?
  • How much are you willing to spend on equipment in the 1st and then subsequent orders?
  • Employee salaries if any.
  • These are some things you need to decide at this stage.
  • If you have the required finances as your savings or financial support from your family and friends, you can skip the below step and move to the next.
  • Otherwise, you have to move to the next steps which are arranging for funds.

Also read: Computer Hardware Manufacturers In India

Arrange For The Finances

  • This may sound a bit difficult at first but nowadays, small businesses and start-ups have a lot of support from the Government and financial institutions, and lending has become more flexible than before.
  • Apply for loans at the banks with the least interest.
  • It usually takes less time in a private bank to get a loan than at a Government bank.
  • You can also find venture capitalists online and pitch your idea to get your finances sorted.
  • Once your funding is finalised you need some clearances from the local bodies.

Arrange For The Required Licenses

  • This bit you can do yourself or hire professionals who help get these licenses from Government and Civic local bodies like the Municipal corporation and such.
  • This step requires a lot of time and patience as your application and place will be verified more at various steps.
  • You will need a bunch of licenses and clearances based on your location and the size of your showroom.
  • Following up is usually required and advised here as there are many such applications that the civic bodies get and have to verify.
  • It takes around a month to get these licenses cleared and ready to go ahead.

Business Protection

  • The acquiring of licenses gives your business the first push in reality.
  • What you need next is to safeguard your business as per companies,  business laws in India.
  • Have proper registrations, and make sure all compliance laws are followed.
  • If you are going to have employees to help you, it should be with proper registration and laws of the land, in true terms.
  • You also need an insurance cover to safeguard your business from mishaps.
  • Once you have secured your business based on law, you are ready to find a place.

computer sales and service business plan in india

Find A Place For Your Showroom

  • This is interesting as well as the challenging part.
  • You might need to contact local real estate property dealers to check out some amazing ‘To-Let’ places to open your computer showroom.
  • This can take a while or you might find it in a few days too.
  • Once you like a place suitable for your needs, you need to make a lease agreement with the owner to finalise it and make it up and running for your business.
  • Design the place as you want and move to the most important part.

Buying Your Equipment

  • Next, you need to find reliable and affordable suppliers for procuring your equipment.
  • This is significant as it will determine your overall cost.
  • Make sure you have some suppliers with a good market reputation for providing authentic and original OEMs and not fake or duplicate items.
  • Figure out a deal with these vendors for a cost that suits you both.
  • Higher buying costs will increase your overall cost which in turn will either reduce your profit or customers.

Advertisement And Launch

  • This is the time to let the whole city know that a fantastic new computer showroom is being launched.
  • Consult a good marketing agency to take care of the launch and marketing of your showroom both online and print media to get comprehensive coverage.
  • There is no limit to it.
  • The greater number of people know about your showroom, the better are the chances for the launch to be a hit.
  • Offer opening discounts or goodies with launch day purchase if you wish!

computer sales and service business plan in india

Become A Part Of The Local Business Community

  • Now that your business is up and running what else you should do?
  • Small businesses in India are informally part of a community in every area and what is best for you to do is to have a good rapport with fellow businesses.
  • Interaction with the local businesses is a must so you don’t feel left out and they don’t see you as an outsider trying to intrude in the local business.
  • A good relation with the local business community that you are a part of, is always beneficial in the long run.

In Conclusion

  • Now that you have your Computer showroom up and running, you might be interested in some tips from experienced businesses in the field to make your business a great success.
  • Everything starts with customers.
  • No customers mean- no business altogether.
  • So, make sure you treat your customer like a king and offer them great service.
  • Know your products and software well because it will help you resolve the customer’s queries and requirements.
  • It won’t hurt if you have a couple of options to choose from in the name of brands, budget, colour, etc.
  • Apart from the computer configurations and technicalities too.

The Emerging Threat of Cyber Crime: Impact & Safety Tips

Which city has the best electronics market in India?

Digital growth of brands over the years

Stay updated with new business ideas & business tips with OkCredit blogs in English, Hindi, Malayalam, Marathi & more! Download OkCredit now & get rid of your bookkeeping hassles. OkCredit is 100% Made in India.

computer sales and service business plan in india

Sukanya Mukherjee

Check out the best of small business ideas, information on GST, business tips & tricks & more.

Recent Posts

Cable manufacturers in india [5 best manufacturers], air compressor manufacturer in india [top 11 manufacturers], pet bottle manufacturers in india [top 7 manufacturers], paint manufacturers in india [6 best manufacturers], silk saree manufacturers in india [best manufacturers], you might be interested in, foreign direct investment(fdi) 101: a complete guide, series funding [types, how it works and more], sustainable architecture ideas that can improve our lives.

  • Business Ideas
  • Grow Business
  • Earn Online

How to Start a Computer Assembling Business – Complete Guide

  • February 6, 2024
  • by Editorial Team

Do you want to start a computer assembling business? Find here a detailed stepwise business plan guide on starting a custom PC-making business.

Computer assembling also allows customized PC-making services. Because of the high price of the branded computer, many people go for high-configuration assembled computers. You can start the business by importing spare parts for the computer from China or any other country.

For a small business, creating a loyal and niche customer base and creating a proper distribution network is important. You can start this business at home too. As your business grows, you can operate from a retail space.

Read:   How to Start a Computer Training Institute 

On a small scale, computer assembly is a simple task because of the highly standardized nature of computer components. Computer component manufacturers build their products according to set industry standards, allowing for a wide degree of compatibility with components from other manufacturers.

Assembling a computer is as simple as snapping in purchased components from upstream suppliers, some of which include Intel and IBM, into appropriate slots within computer cases.

Computer Assembling Business Plan

Do some market research before starting. The industry is changing very fast with different technology upgrades both in hardware and software. Prior experience and knowledge about the industry are preferred. Pay attention to crafting a computer-assembling business plan . Identify the niche segments in starting.

Plan about how you will be going to find customers. Determine how you will be going to compete with other established organizations in the same field. Calculate, how much cash you need to start and survive the business for at least 6 months.

Following are some of the steps you  need to follow to start and run a PC assembling business:

  • Decide on what kind of computers you are going to assemble. Conduct market research in your locality to understand the trends and demand for custom PCs the customers are looking for.
  • You need to fix the price for your custom-made computers. You can choose either value-based pricing or mark-up pricing.
  • Choose a relevant business name for your computer assembling business.
  • Check with the local authority what licenses are required, if any to run the business.
  • Choose a business structure and after getting the proper documents open a business bank account.
  • Create proper work with the equipment needed to produce PCs
  • Promote your business by networking with people as much as you can. Create business cards, flyers, and brochures and distribute them to local people.
  • If you can afford it, create a website in the name of your business. A website of your own will for sure enhance the credibility of your business.

Computer Assembling Business Services

You can offer a wide variety of services to your clients. You can offer a computer security system, computer cleaning service, software installation, computer upgrades, computer maintenance, etc. To create a loyal customer base it is advisable to focus on a niche audience.

In this business, post-sale customer service plays a crucial role in the expansion. In starting, you can tie up with other businesses for mutual benefits. You must pay attention to building a solid distribution network. And expand legitimately.

Read: How to Start a Computer Repairing Business 

Computer Assembling Business Resources

When you are starting a business from home with a small budget, you must plan your business resources rightfully. Raw material procuring is the most important one. You must procure the items at the best price. In this industry, the equipment and tools are the same.

Microsoft for operating systems, Intel for processors and motherboards, and Western Digital for hardware are well-known to every person. But the fact is, you can source the materials by bargaining, for at least 5% less price than markup from the right vendors.

Morris Rosenthal, renowned author of Start Your Own Computer Business advises not to stock more stuff beyond your present requirement. “The shelf life for items like hard drives and memory is similar to that of fresh produce in the supermarket,” says Rosenthal.

He also adds, “Computer parts suffer from a type of spoilage I’d characterize as premature obsolescence. New hardware is being released every month, and even if your customers don’t push you for the latest thing, the emergence of new products causes the prices of older products to fall as vendors who bought in quantity get discounts to try to unload them.”

“For Further Reading”

  • Start Your Own Computer Business
  • Start Your Own Computer Repair Business

Simple Steps of Computer Assembling

After you get the order with detailed specifications from clients, it’s time to get the job done. Here, I have listed some basic steps of computer assembly.

  • Get the computer case ready for installation.
  • Install the power supply unit (PSU) first
  • Install DVD Drive
  • Install motherboard
  • Install processor (CPU)
  • Install CPU heat sink and CPU fan
  • Install memory
  • Install a hard disk drive (HDD) and solid-state drive (SDD)
  • Clear CMOS to reset BIOS or UEFI settings
  • Tuck and tie PSU wires
  • Connect power to the motherboard
  • Connect power to CPU
  • Connect case front panel wires to the motherboard
  • Connect the case front panel USB 3 wire to the motherboard
  • Connect the case front panel HD audio wire to the motherboard
  • Connect the case fan to the motherboard
  • Connect power to HDD/SSD and DVD
  • Connect SATA cables from the motherboard to HDD/SSD and DVD
  • Install the video card
  • Install an internal adapter card
  • Place your company logo label on the case
  • Test Connection
  • Install operating software

These are the basic steps in computer assembling. Generally, you will get orders for customized assembling as per the specific requirement of the PC user.

Frequently Asked Questions

What is a computer assembling business.

A computer assembling business involves the custom assembly of computers based on customer specifications. This includes selecting and sourcing individual components such as processors, motherboards, RAM, and storage devices, and assembling them into a functional computer system.

Is prior experience required to start a computer assembling business?

While prior experience in computer hardware and assembly can be beneficial, it’s not necessarily required. With the availability of online resources, tutorials, and training programs, individuals can learn the necessary skills and knowledge to start a computer assembling business.

What equipment and tools are needed for computer assembly?

Typical equipment and tools needed for computer assembly include screwdrivers, pliers, cable ties, anti-static wrist straps, thermal paste, and testing equipment such as multimeters and diagnostic software.

How do I source components for computer assembly?

Components can be sourced from various suppliers, including wholesalers, manufacturers, and online retailers. Establishing relationships with reliable suppliers is crucial for obtaining quality components at competitive prices.

What are the key factors to consider when pricing custom-built computers?

Pricing considerations include the cost of individual components, assembly time, desired profit margins, and market demand. It’s important to strike a balance between offering competitive prices and maintaining profitability.

How do I market my computer assembling business?

Marketing strategies may include creating a professional website, leveraging social media platforms, participating in local tech events and trade shows, offering promotional discounts, and word-of-mouth referrals from satisfied customers.

What are the common challenges faced by computer assembling businesses?

Challenges may include managing inventory and component availability, staying updated with rapidly evolving technology trends, maintaining competitive pricing, and providing timely customer support and service.

Do I need to provide warranties for custom-built computers?

Offering warranties can enhance customer confidence and satisfaction. Consider providing warranties for individual components as well as overall system warranties covering hardware defects and malfunctions.

How do I stay updated with the latest technology trends and components?

Continuous learning and staying informed about the latest technology advancements, component releases, and industry trends are essential. Participate in online forums, subscribe to tech news websites, and attend industry events and conferences.

Can I offer additional services besides computer assembly?

Yes, you can diversify your offerings by providing services such as computer repair, upgrade services, custom PC building consultations, and technical support to cater to a broader range of customer needs.

Follow

Editorial Team at 99BusinessIdeas is a team of experts led by Rupak Chakrabarty with over 25 years of experience in starting and running small businesses. Started in 2010, 99BusinessIdeas is now one of the largest free small business resources in the industry.

computer sales and service business plan in india

Don't bother with copy and paste.

Get this complete sample business plan as a free text document.

Computer Support Business Plan

Start your own computer support business plan

I Tech Solutions

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">.

I Tech Solutions is a consulting-oriented company, intending to fill in the market need for a professional, customer-focused computer company. The company emphasizes service and support to differentiate itself from more price-oriented computer companies. We are on the brink of penetrating a lucrative market in a rapidly growing industry. The current trend towards an increase in the number of entrepreneurs and competition amongst existing companies presents an opportunity for I Tech Solutions to penetrate this market.

Located at (discussion omitted), we realize that, for us to prosper, we need to be flexible and responsive, to delight clients by providing them with what they want, when they want it, and before the competition can offer it. The company intends to achieve this through a solutions approach that is customer-centric, and in which the customer’s business objectives enjoy top priority.

Once the needs and processes are understood and described, leading edge products and best-of-industry skills will be applied to design and develop a fitting solution to enable the client’s business in the most cost effective way.

Our marketing strategy will be based mainly on ensuring that clients know what need the service(s) is able to fulfill, and making the right service and information available to the right target client. We intend to implement a market penetration strategy that will ensure that our services are well known and respected in our respective industry. Our strategy will convey a sense of quality and satisfaction in every picture, every promotion, and every publication. Our promotional strategy will involve traditional advertising, Internet marketing, personal selling, public relations, and direct marketing, details of which are provided in the marketing section of this plan.

It is important to recognize that make our intangible resources, such as our ability to relate to customers regarding their needs and wants, management style, corporate culture and commitment. These elements will differentiate us from our competitors and contribute towards the development of a sustainable competitive advantage.

In a nutshell, we don’t intend to just market and sell our product and services, but to provide customized services and products that will enable our clients to optimize their output and, assist in the attainment of their goals and objectives. However, for us to attain the above stated we shall need funding from outside investors.

Note : All currency values in the charts and tables are expressed in the Botswana Pula (P).

Computer support business plan, executive summary chart image

1.1 Objectives

Our business strategy will revolve around the need to provide quality products and services to our various target customers. This shall be undertaken through the establishment of a professional team and the provision of quality, custom-designed services, catering to the client’s particular needs.

We intend to attain the following objectives:

  • Develop a follow-up strategy to gauge performance with all our clients.
  • To continuously formalize and measure cross-functional working communication so as to ensure that the various departments work harmoniously towards attainment of company objectives.
  • To instill a culture of continuous improvement in beating standards of customer satisfaction and efficiency.
  • We are fully committed to supporting growth and development in the economy.

1.2 Keys to Success

The keys to the projects’ success will undoubtedly be effective market segmentation through identification of several niche markets and implementation strategies. The key success factors will include the following:

  • Excellence in fulfilling the promise: completely confidential, reliable, trustworthy expertise, and service(s) through the provision of an uncompromising service. This dictates that we have the latest technology, hardware, software, and well-trained personnel so as to deliver this promise.
  • Timeous response to clients’ orders: we cannot afford to delay our clients for whatever reason, as this will have a negative bearing on our image, reputation, and future business. We need to be continually communicating with the client, ensuring we provide needs-based solutions.
  • Skill and depth of knowledge: Considering the nature of our services and their relative infancy on the market, the skill and depth of knowledge of our personnel is of utmost importance in determining the provision of the service(s) to the end-users.
  • Clear product and marketing positioning: Not wanting to be associated with the numerous vendors on the market, we intend to aggressively market our business and the services we provide in order to be at the top of our clients’ minds.
  • Leveraging from a large pool of expertise: The company’s various alliances with technological and training partners shall prove invaluable. The skills and intellectual capacity these partners will have in the fields of product support, design and system integration, implementation and execution, lifecycle support and understanding, training, and in the application of new technology are intangible benefits to I Tech Solutions.

1.3 Mission

Company Values

I Tech Solutions is committed to the fair and ethical treatment of employees and stakeholders. This shall be undertaken through implementation of the following company values:

  • We intend to be a responsible corporate citizen, fulfilling our obligations as an integral member of society. Our business decisions will give appropriate weight and consideration to social and environmental impacts.
  • We intend to provide products and services of uncompromising quality.
  • We intend to seek mutually beneficial and enduring relationships in all the commitments that we make, ensuring that they are straightforward and honest. Our communication will be open and accurate, both internally and externally.
  • We will intend to uphold all the above company values, promoting our employees to do likewise.

Through implementation of the company values, we believe that we will be able to attain our goals and objectives for the benefit of all concerned, in particular, the communities in which we will operate.

I Tech Solutions is built on the assumption that the management of information technology for business is like legal advice or accounting, in that it is not inherently a do-it-yourself prospect, and requires outside expertise to install and implement it. Smart business people need to find quality vendors of reliable hardware, software, service, and support. They need to use these quality vendors as they use their other professional service suppliers: as trusted allies.

I Tech Solutions intends to be such a solution provider. We will serve our clients as trusted allies, providing them with the loyalty of a business partner and the economics of an outside vendor. We want to make sure that our clients have what they need to run their businesses as well as possible, with maximum efficiency and reliability. Many of our information applications will be mission critical, so we will give our clients the assurance that we will be there when they need us. The above is well summarized in our mission statement which is as follows:

“The company is dedicated to leveraging emerging technologies to provide the highest level of quality products and services, customer service, and security.”

Company Summary company overview ) is an overview of the most important points about your company—your history, management team, location, mission statement and legal structure.">

I Tech Solutions was founded in November 2000 as a private limited company. For most of its initial existence, the company intends to establish close relationships with its various clients, with the intention of expanding in the near future.

2.1 Company Ownership

Brought to you by

LivePlan Logo

Create a professional business plan

Using ai and step-by-step instructions.

Secure funding

Validate ideas

Build a strategy

2.2 Start-up Summary

Total start-up capital and expenses covered include legal costs, business cards, stationery, and related expenses. Messrs. T., S., and P. have provided investment covering much of the starting assets, with the rest of required financing coming from a 5-year commercial loan obtained from Bank Z. The start-up table below itemizes the start-up expenses.

Note : All currency values in the charts and tables are expressed in the Botswana Pula (P).

Computer support business plan, company summary chart image

Products and Services

I Tech Solutions will provide computer products and services to small, medium, and large businesses. We will also be focused on providing network systems and services to businesses. The systems include both PC-based Land Area Networks (LAN) systems and minicomputer server-based systems. Our services include design and installation of network systems, training, and support.

3.1 Product and Service Description

I Tech Solutions intends to provide the following services:

  • Financial Solutions ( discussion omitted in this sample plan )
  • Network Solutions ( discussion omitted )
  • Data Backup Solutions and Services ( discussion omitted )
  • E-commerce Solutions ( discussion omitted )
  • Hardware Supply and Technical Support ( discussion omitted )
  • Paperless Office Automation Solutions ( discussion omitted )
  • Training ( discussion omitted )

3.2 Technology

I Tech Solutions will strive to maintain the latest hardware and software capabilities so as to ensure we are continuously at the forefront in our market arena. The one certainty in our industry is that technology will continue to evolve and develop, changing what we market, as well as how we market it. Our aim is to be aware of the implications of this new technology, and utilize it in our existing framework where possible. Complete presentation facilities for preparation and delivery of multimedia presentations on Macintosh or Windows machines, in formats that include on-disk presentation or video presentation are also possibilities.

3.3 Macro-environment

Our macro-environment is exciting. We are in the middle of an unprecedented boom in connectivity and communications, as the Internet offers information technology like we never dreamed of. We are concerned with real value, real changes in the way we deal with information.

Meanwhile, all other signs are positive. The current drive by the government towards a more diversified economy presents an opportunity for our business to propel and excel in our intended markets, benefiting from the support of the concerned institutions and trade bodies. In addition to Botswana becoming an increasing economic hub, we foresee the demand for high quality business communication solutions to be on the rise. Through the undertaking of our business activities, we foresee no difficulty, in gaining market acceptance, provided we deliver the final service timeously, of good quality, and  at competitive rates.

3.4 Future Products and Services

We must remain on top of any new technology, because this is our bread and butter. For networking, we need to provide better knowledge of cross platform technologies. Also, we will be under pressure to improve our understanding of direct-connect Internet and related communications.

In putting the company together, we have attempted to offer enough services to allow us to always be in demand by our clients. However, technological developments have provided us with a new era of opportunities for the various organizations in which we can only guess at the needs. For example, current rapid innovations/development of Wireless Application Protocol (WAP) technology presents an opportunity to be realized, particularly focusing on WAP-enabled cell phones that allow individuals to access or send email messages on a cell phone. However, the most important factor in developing future services will be market need. Our understanding of the needs of our target market segments will be one of our competitive advantages.

Market Analysis Summary how to do a market analysis for your business plan.">

The current drive and emphasis by the government on diversification of the industrial base away from the minerals sector presents an opportunity for I Tech Solutions to make a valuable contribution towards achieving this goal. This will result in the implementation of modern Information Technology (IT) services and techniques, transfer of knowledge, and availability of quality brands.

4.1 Market Segmentation

We will be focusing on proactive, market seeking organizations that want to ensure an efficient and effective IT system that will assist in the realization of their business objectives.

Our target companies are large enough to require the high-quality IT management we offer, but too small to have a separate computer management staff. However, our most important group of potential customers will be business executives in large, medium, and small corporations. These are marketing managers, general managers, sales managers, and other decision makers who often need to access company data and information in their various business decisions. They will not waste their time or money looking for bargain information, questionable expertise, or cheap computers and accessories. Our potential clients will include: (discussion omitted).

Another intention will be to offer an attractive development alternative to the company that is management constrained and unable to address opportunities in new markets and new market segments, due to technological shortfalls.

Computer support business plan, market analysis summary chart image

4.2 Target Market Segment Strategy

Our marketing strategy will be based mainly on making the right service(s) available to the right target customer. We will ensure that our products and services’ prices take customers’ budgets into consideration, and that these people appreciate the product/service and know that it exists, including where to find it. One of our intentions will be to target those innovative or proactive companies contemplating transferring a part of their marketing activities on the Internet, in order to benefit from the advantages offered by this unique system of communication. We realize the need to focus our marketing message and our service offerings.

4.2.1 Market Needs

Since our target market is the product and service seeker, the most important market needs are support, service, training, and installation, in that order. One of the key points of our strategy will be the focus on target segments that know and understand these needs and are willing to pay to have them filled. We realize that all personal computer users need support and service. Many of our target customers are going to be those who cannot get good products or services from the major vendors who focus on high volume orders only.

4.2.2 Market Trends

The most obvious trend in the market is the increasing number of IT firms on the market. This has been true for years, but the trend seems to be accelerating. We see the major brand-name manufacturers being established on the market mainly through agents. Secondly, the computer has become a basic necessity in the office environment and business set-up. The vast improvements in computer power and storage, means that owners are mandated to up-grade or buy new and improved systems, with the former often being much cheaper. A third trend is ever-greater connectivity. Everybody wants to be on the Internet, and every office is looking at having a LAN. However, the major stumbling block for the majority of theses companies is the high cost of installing such networks.

4.3 Service Business Analysis

The following sections provided discussions on who participates in the computer industry, what the competition provides, and what the customer has been purchasing.

4.3.1 Business Participants

We are part of the computer reselling business, which includes several kinds of businesses:

  • Computer Dealers : Storefront computer resellers usually offer a minimum of software, and very little, if any service and support. They are concerned with moving as much stock as possible. Their prices are usually higher than the larger stores.
  • Chain and Computer Stores : They often occupy a large area of space, decent walk-in service, and are often warehouse-like locations where people go to find products in boxes. They often however charge exorbitant prices for their brand products and maintenance service, if they provide any at all.
  • Computer Consultants : These include consultancy companies that mainly specialize in the installation of new systems. Their consultant fees are often very high, especially for small- to medium-sized companies.

4.3.2 Competition and Buying Patterns

The vast majority of proactive, market-oriented businesses understand the value of having an efficient computer system, as well as the concept of service and support. They are much more likely to pay for them when the offering and benefits are clearly stated.

There is no doubt that we will compete more against the box pushers than other service providers. We need to effectively compete against the idea that once a computer is out-dated businesses should buy new ones, when with ongoing service and support, they can be upgraded.

The most important element of general competition, by far, is what it takes to keep clients for repeat business. It is worth making huge concessions in any single service to maintain a client relationship that brings the client back for future services.

Strategy and Implementation Summary

I Tech Solutions intends to win and maintain customers by providing products and services that add value, safety, and are supported by a well-trained professional team with commercial expertise. This is important to the successful implementation of our overall strategy and the need to ensure that all divisions and functions in the organization are working harmoniously towards attainment of the goals and objectives.

Our marketing strategy emphasizes focus. The target customers will include key decision-makers in business, who often order or recommend on behalf of the whole organization, the aim being to obtain an initial order and fully satisfy the customer from then on.

  • We intend to initially build image and awareness through consistency and distinctiveness in our product and service provision.
  • We intend to focus on delivering quality products and services that produce good referrals, which can then generate revenue. We intend to have a heavy personal selling component, supported by regular advertising we will always be active in our personal relationships with clients and strategic allies, keeping abreast of their needs and wants.
  • We are focusing advertising on several key media.

We intend to achieve growth by creating a more enthusiastic customer culture than that of our competitors. The strategy is to grow the business by nurturing customers, differentiating the product/service offering through service and staff behavior.

Through the implementation of a fair, effective, and competitive remuneration policy we intend to optimize our human resource output and advancement. We need the right people in the right place at the right time if we are to ensure optimum growth. We intend to develop our team so that our people can grow as the company grows–a mutually beneficial relationship.

5.1 SWOT Analysis

The SWOT Analysis is a necessity to any start-up, it is an in-depth look at your Strengths, Weaknesses, Opportunities, and Threats. We are in a highly lucrative market in a growing economy. We foresee our strengths as the ability to respond to the market and to provide custom designed technological services. Our key personnel will have a wide and thorough knowledge of the technological services we intend to provide, which will go a long way towards penetrating the market. Below is a summary of the SWOT Analysis.

5.1.1 Weaknesses

  • The introduction of new organizational practices and personnel who have not previously worked together presents a challenge to the organization.
  • A limited financial base compared to the current major players in the IT industry.

5.1.2 Opportunities

  • The Internet. The increasing opportunities of the Internet offer us another area of strength in comparison to the box-on-the-shelf major stores. Our potential customers want more help with the Internet, and we intend to be in a better position to give it to them.
  • Service. As our target market needs more service, our competitors are less likely than ever to provide it. Their business model doesn’t include service, just selling the computers.
  • Emerging Technologies. The rate of new product introduction in IT presents an opportunity to be explored.

5.1.3 Threats

  • Innovation shortens life cycles and hence the need to act timeously on the market. This will recoup new service introductions in a shorter time frame.
  • Concerns of decision-makers over ease of access and overall security of electronic transactions may need to be addressed. The recent glitch of the Barclays electronic system, which enabled some clients to access other account holders’ accounts while upgrading the system, proves the very realistic security concerns regarding the use of the Internet.
  • The slow adoption rate of new technologies and products in these parts of the world does not bode well for our intended products and services.

5.1.4 Strengths

  • Knowledge. Our competitors are retailers, pushing boxes. We know systems, networks, connectivity, programming, and data management.
  • Relationship selling. We intend to get to know our customers, one by one. Our direct sales efforts will seek to maintain a relationship with our customers.
  • Diversified market segments. The diversity of the products and services we intend to provide will ensure the lack of dependency on one particular market.
  • Combination of skills in implementation. The management team intends to jointly develop business strategy and long-term plans with its strategic allies, having wide experience in their respective market and product know-how, and strong technical skills and business know-how.

5.2 Competitive Edge

5.3 marketing strategy.

One core element of our marketing strategy will be that of differentiation from our competitors. In terms of promotion, we intend to sell our company as a strategic ally, not just our products. We intend to offer extremely reasonable prices in comparison to competition, and we need to be able to sustain that. Market penetration through lower prices shall be undertaken where need be, while premium pricing in the case of the upper-end of the market.

We have developed two strategy foci, each based on one main fundamental strategy. The first strategy is about ( discussion omitted ).

Our second strategic focus, that of ( discussion omitted ).

5.3.1 Distribution Strategy

Service provision and consulting will be sold and purchased mainly on a word-of-mouth basis, with relationships and previous experience being, by far, the most important factor. In this regard we intend to provide a service that exceeds customer expectations so as to ensure they refer us to potential clients through word-of-mouth. New business shall be developed through industry associations, business associations, and, in some cases, social associations, such as country clubs.

5.3.2 Marketing Programs

Advertising

In view of the fact that we are new on the market, we intend to undertake extensive advertising of our name and products and services we offer. This is to instill awareness and knowledge of our existence in the marketplace, which shall convert into market share. We intend to advertise in business and IT magazines that are read by our target market and will ensure we are adequately exposed on the market. A constant lookout will be made of any special editions in these various publications, which may provide an opportunity for us to advertise our services and ourselves. Advertising will also be conducted through television, radio, newspapers/magazines, and the Internet. Sponsoring a technology discussion/call-in talk show is a possibility.

Personal Selling

Word of mouth is critical in this segment. We will have to make sure that once we gain a customer, we never lose him/her. To help accomplish this, we must work to establish and maintain relationships. Personal selling will be a powerful form of promotion due to the fact that its flexibility will enable us to match the customer’s needs to specific attributes of our services, as well as giving concise details of what we are able to offer.

Public Relations

Recognizing that we are relatively new on the market, there will be a need to organize an event introducing ourselves onto the market. To this we will invite potential customers, senior officials, possibly including a government minister and other stakeholders, so as to penetrate the market. In collaboration with this we, also intend to place news stories and features in magazines and newspapers to keep stakeholders updated on the latest developments and to increase awareness.

The number of IT companies on the market dictates that the organization needs to promote itself through participation in trade shows and expositions. Not only will these increase awareness of our products and services, but if a particular product or service were to gain recognition, for example through being chosen No. 1 in innovativeness, the organization will be able to take advantage of this in all its promotional campaigns, adding leverage to its reputation and corporate image. An example of a trade show we intend to participate at is BITEC. These expositions will also be a good opportunity for us to network with various organizations and individuals.

Internet Marketing

The company will sell its services over the Internet as it is cost effective to reach a large number of potential clients, regionally and internationally. We also realize that customer/client research is needed before building an effective website, something which is rarely done by existing companies, in order to find out how customers will want to access information and journey through the site.

5.3.3 Positioning Statement

I Tech Solutions will position itself as a reliable solutions provider and trusted strategic ally who makes sure systems work, people are comfortable and conversant with the system, and down time is minimal. Unlike the other vendors/retail stores, we intend to know the customer and go to his or her site when needed, offering proactive support, service, training, and installation. In addition, I Tech Solutions is an ally to our clients’ businesses, and offers them a full range of services, from installation to support.

5.3.4 Pricing Strategy

We must charge appropriately for the high-end, high-quality service and support we offer. Our revenue structure has to match our cost structure, so the salaries we pay to assure good service and support must be balanced by the revenue we charge. Therefore, we must make sure that we deliver and charge for service and support. Training, service, installation, and networking support–all of this must be readily available and priced to sell and deliver revenue. We will charge ( discussion omitted ). This will ensure we penetrate the market upon entry.

5.3.5 Promotion Strategy

Our promotion strategy will be based primarily on informing potential customers of our existence and making the right information available to our target customer. I Tech Solutions intends to utilize an aggressive promotional campaign to introduce its products and services to the market. The intention will be to take advantage of several media sources in announcing the products and services and in the process enforcing awareness of our existence.

5.4 Sales Strategy

I Tech Solutions will receive its revenue streams from a combination of licensing agreements, sales commissions, monthly subscriptions, registration fees, network access charges, service fees, transaction charges, training, promotional incentive programs, and sales of hardware and software. The derived value of I Tech Solutions will come from the key partnerships established and developed in order to deliver a product and service provision of transactionally-based activities, providing opportunity to build brand and loyalty, around which relationship marketing will play a key role.

The sales forecast monthly summary is included in the appendix. The annual sales projections are provided in a table below. It should be noted that as we become established and known on the market we project sales to increase at a faster rate than the initial year.

Note : All currency values in the charts and tables are expressed in the Botswana Pula (P).

Computer support business plan, strategy and implementation summary chart image

5.5 Strategic Alliances

I Tech Solutions intends to go into strategic alliances with several organizations. This will also reassure our customers that they are investing in “winning” products, technology, and service that are maintainable, flexible, and scalable enough to meet future demands.

At this writing, strategic alliances with several companies are possibilities, including X, given the content of existing interest and discussions. By going into strategic partnerships with suitable organizations, we will benefit from being able to concentrate on our core activities in the delivery of our products and services to the end-user, while ensuring that we do not have to compromise on quality of execution or the number of products and services we are able to deliver.

Management Summary management summary will include information about who's on your team and why they're the right people for the job, as well as your future hiring plans.">

The human resources element shall be an essential component in the delivery of the total service. By having enthusiastic, capable, and empowered people interacting with our clients, we intend to build the competitive advantage of being able to comprehensively meet our clients’ needs. We also intend to give our teams enough leverage in decision-making to ensure that clients are handled promptly and to reduce lead-time in actual delivery of the service. It will be necessary to evaluate jobs and remuneration packages against market benchmarks to employees for their tasks to ensure they are competitive.

6.1 Organizational Structure

Our management philosophy is based on responsibility and mutual respect. We recognize the need to be constantly changing so as to adapt to the prevailing environment. We will have a flexible structure allowing for the above to be undertaken swiftly and smoothly. Please find below the job titles and descriptions we intend to have in place for the key personnel. ( table omitted )

6.2 Management Team

In a highly volatile industry with increasing competition, we recognize the need to be constantly changing to adapt to the prevailing environment. The management team extensive expertise and a broad knowledge of the products/services and markets, which, if well planned, will enable the business to realize its goals and objectives.

( profiles omitted )

The management style will reflect the participation of the shareholders. The company will respect its community and treat all employees well. We will develop and nurture the company as a community. We will not be hierarchical, especially considering the rate of change in our industry, which makes it mandatory for us to be highly flexible. Management’s ongoing initiatives to drive sales, market share and productivity will provide additional impetus.

6.3 Personnel Plan

The detailed monthly personnel plan for the first three years is included in the appendix. The annual personnel estimates are included here. We believe this plan is a fair compromise between fairness and expedience, and meets the commitments of our mission statement. We want the company to stay lean and flexible so that we can respond to our markets’ needs quickly. As we expand and increase in size we do expect to increase our personnel.

We will compensate our personnel well, so as to retain their invaluable expertise and ensure job satisfaction and enrichment through delegation of authority. Our compensation will include health care, generous profit sharing, and a minimum of 3 weeks vacation.

6.4 Training

In-house training shall be continuous with regular external training being undertaken, particularly following any new developments in the market. This is to ensure that we are continuously able to anticipate our markets needs–a proactive approach, which is so essential if we are to gain and maintain a competitive advantage. External training will also be conducted to ensure we are aware of the latest products and technology. This will also ensure that our personnel are able to set high standards, or benchmark, using these organizations standards.

6.5 Feedback and Control

(a) We will encourage our employees to put forward any suggestions they might have regarding the improvement of any of the company’s functions–an open door philosophy. Such a culture will enhance innovativeness and creativity in turn leading to job satisfaction and enrichment.

(b) We undertake to continuously formalize and measure cross-functional working communication so as to ensure that the various departments work harmoniously towards attainment of corporate objectives

(c) Important notices and developments will be continuously communicated to employees so as to keep them abreast of developments and promoting a sense of belonging and oneness in the organization.

Financial Plan investor-ready personnel plan .">

We want to finance growth mainly through cash flow and equity. We recognize that this means we will have to grow more slowly than we might like. The most important factor in our case is collection days. We can’t push our clients hard on collection days, because they are in larger companies and will normally have marketing authority, not financial authority. Therefore we need to develop a permanent system of receivables financing, using one of the established accounting systems. In turn we intend to ensure that our investors are compatible with our growth plan, management style, and vision. Compatibility in this regard means:

  • A fundamental respect for giving our customers value, and for maintaining a healthy and congenial workplace
  • Respect for realistic forecasts, conservative cash flow, and financial management
  • Cash flow as first priority, growth second, profits third
  • Willingness to follow the project objectives and contribute valuable input to strategy and implementation decisions.

Of these, only the last 2 are flexible.

7.1 Break-even Analysis

The following table and chart summarizes our Break-even Analysis. We don’t really expect to reach break-even until several months into the business operation, as illustrated in the financials.

Computer support business plan, financial plan chart image

7.2 Important Assumptions

The financial plan depends on important assumptions. From the beginning, we recognize that collection days are critical, but not a factor we can influence easily. Interest rates, tax rates, and personnel burden are based on conservative assumptions.

Some of the more important underlying assumptions are:

  • We assume a strong economy, without major recession.
  • We assume that there are no unforeseen changes in economic policy to make our products and service immediately obsolete.

Others include 30-day average collection days, sales entirely on invoice basis, including a favorable deposit policy, expenses mainly on a net 30-day basis, 30 days on average for payment of invoices, and present-day interest rates.

7.3 Key Financial Indicators

We foresee major growth in sales and operating expenses, and a bump in our collection days as we spread the business during expansion.

Collection days are very important. We do not want to let our average collection days get above 30 under any circumstances. This could cause a serious problem with cash flow, because our working capital situation is chronically tight. However, we recognize that we cannot control this factor easily, because of the relationship with our clients.

Computer support business plan, financial plan chart image

7.4 Projected Profit and Loss

Initial marketing and training expenses will be relatively high as we seek to become known on the market and staff get trained in provision of our services. This will be brought about by the development of sales literature, advertising expenses, and function expenses. As our market share increases and capital is generated, further marketing programs and the expansion of those in existence at the time will be undertaken, to ensure market development. However, with time, these programs will start generating revenue for the business, which we shall reinvest.

Our projected Profit and Loss is shown in the appendix, with sales increasing steadily from the first year through the second, and into the third year. We do expect to more than break-even in the first year of operation. Our cost of sales should be much lower, and gross margin higher, than in this projection.

Computer support business plan, financial plan chart image

7.5 Projected Cash Flow

The chart and table below present the cash flow projections for I Tech Solutions.

Computer support business plan, financial plan chart image

7.6 Projected Balance Sheet

The balance sheet shows healthy growth of net worth, and strong financial position. The three-year estimates are included in the appendix.

7.7 Business Ratios

The following table shows important ratios from the computer related services industry, as determined by the Standard Industry Classification (SIC) Index #7379, Computer Related Services.

Contingency Plan

  • Another possibility is the introduction of a company or several companies in our niche. The need to undertake aggressive marketing, networking, and delivering a value-added service in our organization is a fundamental one.

Garrett's Bike Shop

The quickest way to turn a business idea into a business plan

Fill-in-the-blanks and automatic financials make it easy.

No thanks, I prefer writing 40-page documents.

LivePlan pitch example

Discover the world’s #1 plan building software

computer sales and service business plan in india

StartupTalky

Top 10 Profitable Electronics Business Ideas In India

Avantika Bhardwaj

Avantika Bhardwaj

With the rapid advancement in the electronics sector and technological upgrades, one can witness that electronics businesses in India are easy to get a head start with. This rapid growth globally can be seen with the increase in power generation capacity as well as the expansion of transmission and distribution lines. The Indian electronics industry is booming for many reasons, but the biggest one is cost-effectiveness.

The industry comprises large, small, and medium enterprises as well as foreign players who have a direct presence or collaborate with domestic players. An electronics business provides you with a variety of mechanical parts, including cell phones, televisions, cameras, laptops, and peripherals. The United States, Japan, and Korea are the top three electrical and electronic goods manufacturing countries in the world. The United States of America is the largest producer of electronic products in the world, contributing a total share of around 21% . Furthermore, it also occupies the largest market share, with about 29% of the global market.

In this blog, we will explore some of the most promising electronics business ideas that are currently thriving in India. From opening a laptop store to solar panel installation, we will delve into the intricacies of each idea, highlighting its market potential, key challenges, and strategies for success.

So, if you are ready to embark on an exciting journey through the vibrant world of the electronics business in India, fasten your seatbelts and get ready for an illuminating experience.

Top 10 Electronics Business Ideas In India

  • Laptop Store
  • Electronics Recycling and E-waste Management
  • Computer Repair
  • Cellphone Retailer And Repair
  • Air Compressor Manufacturing
  • CCTV Camera Retailer
  • Solar Panel Installation
  • E-commerce Platform for Electronics Products
  • Home Automation Solutions
  • LED Lighting Solutions

Laptops are the most important electronic devices since the trend of online classes and remote work has started. They are always going to be in demand in the professional as well as in academic field. Also, since the pandemic started, all of the work is being done on laptops. So, opening a Laptop store can be the most profitable business. The most important and latest development that favors high demand for laptops is the growing number of people working from home. It becomes important to create a stock and list of brands that sell better in your locality before you even start your business.

Here are some key factors that make starting a laptop store business an attractive proposition in the Indian market:

  • Growing Laptop Market
  • Diverse Customer Base
  • Technological Advancements
  • Online and Offline Presence
  • Value-added Services
  • Customer Financing Options
  • Corporate and Institutional Sales

computer sales and service business plan in india

As India witnesses a rapid growth in technology adoption and electronic consumption, the need for effective electronics recycling and e-waste management has become paramount. This presents a significant business opportunity for entrepreneurs who are passionate about environmental sustainability and want to make a positive impact. Starting a business that focuses on collecting, recycling, and disposing of electronic waste responsibly can contribute to a greener future while generating revenue through recycling valuable materials.

Here are compelling reasons why venturing into the electronics recycling and e-waste management sector can be one of the best electronics business ideas in India:

  • Growing E-waste Generation
  • Regulatory Support
  • Resource Recovery
  • Corporate Social Responsibility (CSR)
  • Public Awareness and Education
  • Extended Producer Responsibility (EPR)
  • Circular Economy Initiatives

Profitable Electronic Businesses in India

Majority of the electronic devices such as computers can not always resist faults such as sudden shutdowns, and several other hardware-software faults. And ow when everyone owns a computer and laptop can be your potential customers for computer repair services. People with less knowledge about how to repair their devices on their own, rush to the repair shops. This can provide you with opportunity to use your computer repair skills and earn income. Starting a computer repair service can be one of the best electronics business ideas in India.

Here are several compelling reasons why it holds immense potential:

  • Increasing Computer Usage
  • Large Customer Base
  • Specialized Expertise
  • Onsite and Remote Services
  • Software and Hardware Support
  • Word-of-mouth referrals
  • Maintenance Contracts and Service Agreements

computer sales and service business plan in india

When everyone on this globe uses a cellphone, then everyone needs someone who can sell as well as repair their devices when at minimal faults. In fact, it is hard to live even a single second without a phone. Since smartphones don’t come up with a life warranty , and hence, everyone needs a repair. Whether it is hardware or software repairing, usually one can’t do it on their own. From my opinion, it is one of the best idea to open a cellphone retail business.

Starting a cellphone retail and repair business can be a highly lucrative electronics business idea in India. Here are several compelling reasons why it holds immense potential:

  • Booming Smartphone Market
  • Increasing Technological Advancements
  • Accessories and Add-ons
  • Customer Service and After-Sales Support
  • Market Expansion Opportunities

The manufacturing industry in India is witnessing significant growth, and one of the promising sectors within it is air compressor manufacturing. Air compressors are essential industrial machines used for various applications such as pneumatic tools, HVAC systems, manufacturing processes, and more. Setting up an air compressor manufacturing business in India can be a lucrative venture with immense potential.

Here are several key factors that make air compressor manufacturing one of the best electronics business ideas in India:

  • Growing Industrial Sector
  • Increasing Automation
  • Energy Efficiency and Environmental Concerns
  • Export Opportunities
  • Collaboration and Partnerships
  • Government Initiatives

In recent years, the demand for security systems has seen a significant surge in India. As people become increasingly concerned about safety and security, setting up a CCTV camera retail business can be a highly profitable venture. CCTV cameras are crucial for surveillance and monitoring purposes in residential, commercial, and public spaces.

Here are several compelling reasons why starting a CCTV camera retail business is one of the best electronics business ideas in India:

  • Rising Demand for Security
  • Increasing Adoption of Surveillance Systems
  • Home Security Market
  • Commercial and Industrial Applications
  • Installation and Integration Services
  • Government Initiatives and Regulations
  • After-Sales Support and Maintenance

Electronics Business Ideas In India

Solar panels installation is a business with a golden future. When each and every technology is working on how they can conserve energy, then solar panel is one of the best ways you can do it. Big societies or big homes and flats with automation technology consumes more electrical power, so everyone on this globe constantly strives for a better alternative that leave no impact on environment. So, before starting the business, you just have to learn how to offer solar panels installation in your society.

Starting a business in solar panels installation can be a highly profitable venture. Here are several compelling reasons why it is considered one of the best electronics business ideas in India:

  • Government Initiatives and Incentives
  • Increasing Focus on Renewable Energy
  • Growing Residential Market
  • Rural Electrification
  • Cost Reduction and Efficiency Improvements
  • Long-Term Revenue Potential
  • Environmental Impact

computer sales and service business plan in india

In today's digital era, where internet connectivity and smartphone usage are on the rise, online shopping has become deeply ingrained in the Indian consumer's lifestyle. Capitalizing on this trend, launching a specialized e-commerce platform focused on electronics products can prove to be a highly profitable business venture. By curating a diverse range of electronic goods, providing competitive pricing, secure payment options , and ensuring reliable delivery services, you can effectively tap into the expanding online consumer market. This presents an exciting opportunity to establish a strong online presence, meet the demands of tech-savvy customers, and carve a niche for yourself in the ever-evolving world of e-commerce.

Here are several compelling reasons why starting an e-commerce platform for electronics products is considered one of the best electronics business ideas in India:

  • Growing Online Consumer Market
  • Wide Range of Products
  • Competitive Pricing and Discounts
  • Convenience and Accessibility
  • Reliable Delivery Services
  • Embracing Mobile Commerce
  • Cross-Selling and Upselling Opportunities
  • Market Expansion and Scaling

computer sales and service business plan in india

As technology continues to advance, the concept of smart homes is gaining significant traction in India. Home automation solutions offer convenience, energy efficiency, and enhanced security to homeowners, making it one of the best electronics business ideas in the country. By providing innovative and customizable automation systems, you can tap into the growing demand for smart living experiences.

Here are some key reasons why venturing into the home automation industry can be a highly lucrative business opportunity in India:

  • Increasing Demand
  • Rising Disposable Income
  • Energy Efficiency and Savings
  • Integration with IoT and AI
  • Integration with Builders and Real Estate Developers
  • After-sales Support and Maintenance

computer sales and service business plan in india

The shift towards energy-efficient lighting has created a massive demand for LED lighting solutions in India. As a result, venturing into the LED lighting industry can be one of the best electronics business ideas in the country. Launching a business that provides a wide range of LED lighting products for residential, commercial, and industrial applications can tap into this growing market and promote energy conservation.

Here are several compelling reasons why starting an LED lighting solutions business in India holds immense potential:

  • Energy and Cost Efficiency
  • Environmental Benefits
  • Longevity and Durability
  • Retrofitting Opportunities

And getting a head-on with an electronics business idea is such a golden plan for all of the electronics engineers out there. The fact that electronics industry is one of the flourishing and extremely diversified sector, so an individual with experience and knowledge can start a business in this field. And believe me, there is no such thing as failure in this field, since Electronics is in Boom!

Is the electronics market growing?

Yes, the electronics market is experiencing growth with a compound annual growth rate (CAGR) of 6.5% globally.

What are the best Electronics business in India?

Some of the best electronics business ideas in India are:

  • LCD and LED Shops

What strategies can boost electronics sales?

  • Find a niche and specialize within the industry.
  • Drive traffic to your e-commerce site through organic and sponsored methods.
  • Focus on providing a positive customer experience that converts visits into sales.
  • Build customer loyalty and repeat business.

Which electronics company is best?

Some of the top rated electronics companies are:

Why choose electrical and electronics as a business idea?

Electrical and electronics offer a never-ending demand and rapid technological advancements, making it a lucrative and growing industry.

How many electronics companies are there in India?

As per AmbitionBox, there are 374 consumer electronics and appliances companies in India.

What are the electronics item to sell at the Electronics store?

Popular electronic devices to sell at electronics stores are:

  • Smartphones
  • Gaming consoles
  • Digital cameras
  • VR & AR devices

How to start an electronics business?

To start an electronics business, follow these steps:

  • Research the market and identify your niche.
  • Create a comprehensive business plan.
  • Register your business and obtain necessary licenses.
  • Source reliable suppliers and establish partnerships.
  • Set up an online or physical storefront.
  • Develop a marketing strategy to reach your target audience.
  • Provide excellent customer service and build customer relationships.
  • Stay updated with industry trends and adapt to changing market demands.

Must have tools for startups - Recommended by StartupTalky

  • Manage your business smoothly- Google Workspace

Discovering How AI Systems Personalise Courses for Students According to Their Preferences for Learning

This article has been contributed by Muddassar Nazar, CEO, Birla Brainiacs. Education is the foundation of human progress since it fosters intelligence and imparts skills that last a lifetime. However, students often struggle with a range of interest and comprehension levels when taught using the typical one-size-fits-all strategy. If the

How to Address Pricing Challenges: Balancing Affordability and Profitability in Specialty Medicine Sales

This article has been contributed by Devashish Singh, Co-Founder, MrMed. The largest pharmaceutical companies are engaged in researching and developing therapies for super speciality diseases such as cancer, Alzheimer’s, osteoarthritis and other chronic conditions that are relatively rare and extremely complex. Cancer, for example, has various stages and medications

AI, AI, Chief: Ways Artificial Intelligence Is Changing The PR Game

This article has been contributed by Ms. Pallavi Tinekar, Vice President - Technology & Startups, Concept Public Relations. Artificial Intelligence (AI) continues to impact our lives right as we use cloud-based service platforms for some information, play music from an app, or take help from satellites for routine navigation to avoid

Revolutionizing Recruitment: AI-Hiring Platforms Elevate Efficiency and Ethic

This article has been contributed by Mr. Lokesh Nigam, Co-Founder and CEO, Konverz.ai. The advent of Artificial Intelligence (AI) has prompted diversified sectors to approach their operations differently and optimize processes, thus improving efficiency and modifying people`s experience with technology. Out of all the sectors that were affected,

Project report for Computer sales & service

Create your own project report in less than 10 mins., introduction.

Computer sales & service  is one of the smartest ideas for computer-savvy people. If you have the knowledge and skill of software and hardware of a computer and know how to assemble computers, then computer assembling business is a great opportunity to start your entity and use your skill to grow your business and earn a luxurious livelihood instead of dedicating yourself for someone else’s benefit. The Indian computer industry has registered significant growth in recent years. The hardware business or computer assembly business is growing at a rate of 12-18 % a year in India. Just as mobile phones, the computer is also an integral part of daily life. Branded computers are costly and unable to get in a customized configuration. If it is getting assembled, it can be availed with the required configuration and cheap rate. Price for brand value and promotion can be reduced in the future.

Computers are nowadays used for various applications in day-to-day life. A Micro Enterprise unit proposed activity Computer assembling & Sales. For this computer, parts will be Purchased from the dealer and assembling in the unit. Assembled Computers will be marketed through the distributors appointed by the entrepreneur. The distributor will also inform the needs of the computer through the market survey. As the usage of computers increases day by day, the need for sales and maintenance of that system is also needed. So the demand is on the higher side for the service. 

Product / Services & process

The products of this unit are assembled computers and its maintenance services. As per the orders of customers, we procure components from branded suppliers and assemble them at the unit and install all required software and fix it at the premises of the customer. We also supply all accessories of the computers such as Printers, UPS, Scanners, Camera, Modem, earphones, etc. We offer all post-sale services and undertake all sorts of maintenance and repair works also.

Market potential & Strategy

The population of educated youth is growing in India. Quality and methods of education also improve. Computer education is a part of it. Moreover, the IT and ITE Industry is much developed in India and the extent of internet connectivity is highly improved. 4G has already launched. 5G is expected to launch soon. Hence the requirement for computers is increasing rapidly.

The Indian Desktop market which is estimated to be worth Rs.10,452 crore, is divided into the Commercial market and Consumer market and the Commercial market accounts for 67% of the total sales. All these branded PC manufacturers along with HCL Infosystems were in the past selling to corporates, government, business professionals, and to some extent the eminent educational institutions. But, recently these companies have started targeting individual consumers to improve their market shares. Not so long ago, assembled PCs were considered to be the best, value-for-money PCs as against the branded PCs as the branded ones were high priced. But, in the recent past, the demand for assembled PCs has come down drastically in comparison with the branded ones. Though more than half (53%) of the Indian PC market is occupied by the unorganized sector (assembled and non-branded PCs), there has not been a considerable improvement in their sales. The major reason for this change in customer preference is that the present-day customer is no more looking for low-priced products.

The Indian computer industry has registered significant growth in recent years. The hardware business or computer assembly business is growing at a rate of 12-18 % a year in India. Just as mobile phones, the computer is also an integral part of daily life. Branded computers are costly and unable to get in a customized configuration. If it is getting assembled, it can be availed with the required configuration and cheap rate. Price for brand value and promotion can be reduced in the future.

Project Report

Create Project Report

Whatsapp us, expert guidance for loan approval.

Please send a WhatsApp message to us, and our team of experts will guide you in creating a report for Computer sales & service .

Languages-Icon

No finance skills needed. Simply input a few details, and our software will generate a full project report for you, complete with all financial projections and calculations automatically.

"Finline made applying for a loan hassle-free. The rates were competitive, and the customer support was excellent. Will definitely use again!"

Sourav Jain Jain Sweets ,Baroda

"I loved using Finline! The user interface is so simple, and the loan application process was smooth and efficient through them. Highly recommended!"

Sachin bhagoda Lucknow

"Finline made getting a loan so easy! The whole process was fast, and the customer support was excellent. Definitely using it again in the future."

Thangavel Marimuthu Vetrivel Transports , Trichy

"The entire process was quick, and their customer support was fantastic, more over I have a confidence in myself after creating the business plan for my business. Rates are very reasonable and the support they provide is truly fabulous"

Angelina Mary Goa

Frequently asked questions

Everything you need to know about the product and billing.

Is there a free trial available?

Finline is an online tool for creating the report online and see the report for free online. You only need to pay for downloading the report.

Can I change my plan later?

Yes , ofcourse you can upgrade from a lite plan to a pro at anytime.

Can I edit the report after download ? is it chargeable?

You can do unlimited edits even after download without any extra payment.

What is the ‘lite’ and ‘pro’ plan ? Is it subscription based plans?

Lite and Pro are just individual report download plans , not subscription plans.

Do I require a CA seal & Stamp for getting a loan?

Not at all, project report is a business plan about your business and it should be prepared by an entrepreneur . Nobody can predict and certify a business which is going to happen in the future.

Can I get any assistance from your team?

Yes of course, you can go to the help section in all pages were you can find chat button for seeking support.

FYNAMICS Business Solutions(P) Ltd

Finline’s core objective is to support and help small business owners to become successful & sustainable in their business. With this aim we are providing a series of services and solutions to make their life easy. The automated project report builder is a stepping stone for the same . We are looking for an inclusive growth in the fintech domain among our stake holders.

computer sales and service business plan in india

You are using an outdated browser. For a faster, safer browsing experience, upgrade for free today.

  • Advance Medical Directive Forms
  • Affidavit and Declaration Forms
  • Arbitration Forms
  • Assignment Forms
  • Auditor Forms
  • Confidentiality Forms
  • Court Forms
  • Employment Contract Forms
  • Energy and Environmental Forms
  • Escrow Agreements
  • Incorporation and Company Forms
  • Independent Contractor Forms
  • Intellectual Property Forms
  • Landlord and Tenant Notices
  • Law Office Management
  • Letters of Intent
  • Limited Liability Companies
  • Marriage and Family Law
  • Mergers, Amalgamations and Takeovers
  • Partnerships and Joint Ventures
  • Personal Guarantees
  • Power of Attorney Forms
  • Releases and Waivers
  • Shareholder Forms
  • Software Licensing and Development Forms
  • Stock Options and Incentive Plans
  • Trust Agreements
  • Wills & Estate Planning Forms
  • Advertising and Marketing Forms
  • Animal Services Forms
  • Bids, Tenders and Proposals
  • Business and Marketing Plans
  • Business Presentations
  • Buying or Selling a Business
  • Catering Forms
  • Cleaning Contracts and Forms
  • Construction Industry Forms
  • Consulting Contract Forms
  • Customer Service Forms
  • Distributor and Dealership Agreements
  • Equipment Sales and Leasing
  • Film and TV Contracts
  • Forms for Online Businesses
  • Franchise Forms
  • Graphic Arts Forms
  • Health Services Forms
  • Hotel Management Forms
  • Information Technology Forms
  • Manufacturing Forms
  • Music Contracts
  • Nanny and Childcare Forms
  • Painting Contractor Forms
  • Photographer Contracts
  • Publishing Business Forms
  • Purchasing Forms
  • Restaurant Management Forms
  • Roofing Contractor Forms
  • Sales and Auction Forms
  • Security Services
  • Service Contracts
  • Sports and Fitness Forms
  • Starting Up a Small Business
  • Storage Contracts and Parking Leases
  • Vehicle Sales and Leasing Forms
  • Website Development and Hosting
  • Workplace Manuals and Policies
  • Accounts Receivable & Credit Forms
  • Asset Protection and Tax Planning
  • Bankruptcy Forms
  • Bill of Sale Forms
  • Financial Service Contracts
  • Insurance Forms
  • Investor Forms
  • Loan Transaction Forms
  • Mortgage Forms
  • Promissory Note Forms
  • Retirement Planning Information
  • Succession Planning
  • Commercial Lease Forms
  • Condominium and Strata Forms
  • Facility Rental Forms
  • Farm Land Leases
  • Hunting and Fishing Leases
  • Mobile Home Forms
  • Property Appraisal Forms
  • Real Estate Forms
  • Rental Property Management Forms
  • Residential Lease and Tenancy Forms
  • Vacation Property Rental Forms
  • Discount Plans
  • Subscribers
  • UNITED KINGDOM
  • UNITED STATES
  • NEW ZEALAND
  • Civil Actions
  • Criminal Cases
  • New South Wales
  • Northern Territory
  • South Australia
  • Western Australia
  • British Columbia
  • New Brunswick
  • Newfoundland & Labrador
  • Northwest Territories
  • Nova Scotia
  • Prince Edward Island
  • Saskatchewan
  • Connecticut
  • Massachusetts
  • Mississippi
  • New Hampshire
  • North Carolina
  • North Dakota
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • West Virginia
  • District of Columbia
  • BRITISH COLUMBIA
  • NEW BRUNSWICK
  • NEWFOUNDLAND & LABRADOR
  • NORTHWEST TERRITORIES
  • NOVA SCOTIA
  • PRINCE EDWARD ISLAND
  • SASKATCHEWAN
  • YUKON TERRITORY
  • MASSACHUSETTS
  • MISSISSIPPI
  • NEW HAMPSHIRE
  • NORTH CAROLINA
  • NORTH DAKOTA
  • PENNSYLVANIA
  • RHODE ISLAND
  • SOUTH CAROLINA
  • SOUTH DAKOTA
  • WEST VIRGINIA
  • Free Celebrity Wills
  • Cast and Crew Contracts
  • Film Clearance and Release Forms
  • Film Distribution and Licensing Forms
  • Film Financing and Budget Forms
  • Film Production Logs and Forms
  • Film Tax Credit Forms
  • Rental Contracts for Film and TV
  • Script and Screenwriter Forms
  • Soundtracks and Scores
  • Theater Production Forms
  • TV and Radio Production Contracts
  • Video Production Forms
  • Booking Agent & Manager Contracts
  • Music Publishing Forms
  • Recording Contract Forms
  • Songwriter Contracts
  • Australian Capital Territory

Save 20%

  • Business Forms /
  • Business and Marketing Plans /

Computer Sales and Service Business Plan

Picture of Computer Sales and Service Business Plan

Write a business plan for a computer sales and service center with this downloadable Business Plan template.

  • This business plan template can be used by either a start-up company or an existing business.
  • The template includes a market analysis and marketing strategy, as well as a 3-year financial model.
  • It also includes a Confidentiality Agreement to protect you from disclosure of your financial data and other proprietary information.
  • You'll need a business plan to present to potential lenders and investors if you're trying to raise start-up or operating capital for your computer sales and service business.
  • Available in MS Word format and fully customizable.
  • This business plan template can be used anywhere.

computer sales and service business plan in india

Constitution for Pty Ltd | Australia

Picture of Authorized Software Reseller Agreement | Canada

Authorized Software Reseller Agreement | Canada

Picture of VAR Agreement for Computer Resellers | Canada

VAR Agreement for Computer Resellers | Canada

Picture of Computer System Implementation Agreement | USA

Computer System Implementation Agreement | USA

Picture of Limited Warranty for Computer Hardware

Limited Warranty for Computer Hardware

Picture of Software Sublicense Agreement

Software Sublicense Agreement

Picture of Computer Hardware and Software Marketing Agreement

Computer Hardware and Software Marketing Agreement

  • Glossary of Common Legal and Business Terms
  • Find a Lawyer
  • Legal In A Box
  • Privacy Policy
  • About MegaDox
  • Frequently Asked Questions
  • Guest Bloggers
  • Exchanges and Refunds
  • Save Money with a Subscription or Discount Plan
  • Testimonials
  • Conditions of Use
  • Customer info
  • Shopping cart
  • Calgary, Alberta, Canada
  • [email protected]
  • 359-889-23-01-90; 359-889-23-01-90
  • Canada Taxation
  • Payment Management
  • Business Tips
  • Payroll and Salary
  • Accounting and Inventory
  • Knowledge Ball
  • Statistics Tutorial

Logo

Key Considerations for Starting a Computer Repair Business

A large  majority of computer repairing businesses set up  repairing services in their respective homes. These could be in the backyard or  garage. Many set up shop within a  centrally-located branded store as well  to avail of visibility. Let us understand the key essentials of starting this  business:

The Primary  Considerations Involve

Understanding your target audience.

Will your  business cater only to individuals and enterprises or both? The requirements of  a commercial enterprise will differ vastly from the requirements of  individuals. You must formulate a business plan for both. For commercial  enterprises, your plan should include a strategy of how to reach them, the  services you are capable of offering them as well as entering into a long-term  association. For individuals, your services will speak of themselves and then  your goodwill will help in the growth of your business.

Acquiring a licence

If you  plan to set up your own commercial workshop, you will have to first acquire a  business licence in accordance with the terms of The Shop and Establishment Act.  The time  limit for applying for a licence is 30 days. Once you obtain a licence, your  shop gets registered under this Act and you can start your operations with ease.

Type of Services Offered By You

At the  onset, you will have to communicate in clear terms the various computer repair  services which you will offer in this business. You could be a specialist in  maintaining servers and networks, which serves as a great opportunity for  commercial offices. You could be a specialist in the repair of only personal  computers or only Mac Machines. In case you are keen to cater to them all, you  can employ skilled personnel who have distinct skills across different types of  repair services. Many skilled individuals are not financially capable of  setting up their own units. You can employ them and increase the scope of  services.

The  location of your computer repairing centre will  make a big difference to your business growth and profits. If you plan to work  from within your home along with service support staff, you will have to invest  in a few two-wheeler vehicles for them to become mobile. If you plan to operate  from within a storefront, you will have to consider factors like rent in  addition to the mobility of the customer service personnel.

Also Read: Tips To Open A Computer Business

For a  home-based computer  service centre , you may  have to invest anywhere between ₹1.25 – ₹2 lakhs . The other expenses  would include:

Furniture Requirements  For Individual Setup

  • A ventilated workspace with sanitation facilities
  • Ample space to store computers, CPUs etc. which  are sent for repairs
  • Different types of tools required for the repair
  • Your own individual computer/s, a hard disk drive  and good telephone connectivity.
  • You can  also avail of a loan in the event that you are unable to finance the above  expenses

Expenses For Commercial Setup

This  becomes one of the key considerations as you will be required to fulfil your  commitment to this every month. The rentals would vary depending on the  location you select, but it would be a mandatory expense for you to incur every  month.

Business Collaborations

At the  start, you can build feasible relationships with established retail outlets  which deal in computers and other related products. These could include Croma, Vijay Sales, or even Reliance Digital. You can get into a written agreement  with them which would entitle you to manage all the repair work of the  computers sold on their premises. Such collaborations are very rewarding as the  sales staff can promote your computer repairing service business  through their interactions with the clientele. This helps promote the outlet as  well as the purchase and repairing aspects would appear like a bundled service.  Another interesting collaboration would be to set up a repair outlet in the  vicinity of an IT park provided. This again is dependent on the city in which  you reside.

Certifications

Certifications  play an important role in brand building. You may be extremely skilled and have  a team of equally skilled personnel, but certifications indicate your  proficiency in the said business. This will also help speed your collaborations  and give you a faster entry into IT parks and other commercial businesses. Some  attractive certifications include the Microsoft Certified Systems Engineer  (MCSE) and CompTIA A+ Technician. The CompTIA A+ is one of a person’s renowned  hardware credentials. The A+ feature is an added validation of the person’s  knowledge and skills required to repair laptops, personal computers, operating  systems, printers as well as mobile devices. The Apple Certified Macintosh  Technician (ACMT) certification is very useful if you plan to specialise in  repairing Apple platforms and products. There are many other specific  certifications and you can work towards obtaining those depending on the  specialisation of services you wish to offer.

Additional Services & On-Site Servicing

If you want  your computer  repair business   to expand significantly, you should extend your services to individual users  and households. Most working individuals own a personal computer or a Tab or  even a Notebook. The constant usage tends to impact their devices and they  would welcome home services. Not everyone is familiar with wi-fi or router  services or the various other issues. Once you start home services and  familiarise them with your specialised services, the goodwill will help in the  speedy growth of your computer repair business.

Authorised Repair Centre

A large  majority of computer companies have their individual authorised repair service  setup. This means that the company affirms that the repairing service centre  meets the required quality standards and is authorised to repair the computers  manufactured/sold by them. This type of certification will enhance your brand  status as a trusted and quality service centre for computers.

Familiarise Yourself With Competing Services

You  should be constantly aware of the quality standards of your competitors and  understand what type of services they offer. You should also be aware of their  monetary charges. You should research such factors consistently as it will help  you to understand their vital areas of operation and areas where you need to  enhance your skills to stay ahead of them.

Marketing Your Computer Repairing Service Business

You could  start with your own friends, ex-colleagues, neighbours, and family members to  spread the word about your business. You should develop a website with a  friendly user interface that details all your services and the brands you  service. Upload all your certifications for visitors to understand your  proficiency in the business. Showcase all your collaborations and details of  the clients you have serviced. Learn how to hire the services to optimise  keywords like computer repair services so that you have a good Google ranking.  Give a dedicated contact number where people can connect with someone at all  times. Include a message box for people to leave a message. Ask the web designer to create a space for reviews so that visitors can read the reviews  and contact you accordingly. Promote your business across social media  platforms.

Also Read: GST on Laptops – Laptops & Computer Accessories GSTR Rates & HSN Code

Every  business is liable to some contingency at some time. You should be prepared for  that by investing in some feasible insurance policies to counter different  issues which may arise in the course of time. Some of these include:

  • General liability insurance: Third-party property damage, third-party injuries, copyright infringement, advertising injuries like defamation.
  • Commercial property insurance: Natural disasters, damage to the property, forcible closure in the event of damage caused to property.
  • Business owner’s policy: This is a combined policy of the general liability insurance as well as the commercial property insurance. This is one of the most feasible insurance policies for computer repair service businesses, especially if you take up a rented space in a storefront.
  • Errors and Omissions insurance: If some clients believe you have not given them satisfactory services, they may try to file a lawsuit against you. In such cases, this insurance policy will take care of all the costs incurred from the lawsuit, settlements as well as legal fees.
  • Cyber liability insurance: If there is a breach of data on your servers or a lawsuit is filed against you by clients, blaming you for a data breach on their computers – this policy will take care of all expenses that cause a hindrance in your business operations, credit monitoring, data recovery, regulatory compliance, cyber extortion payments as well as a notification to the customers who have been impacted.
  • Commercial auto insurance: You can invest in Hired and Non-Owned Auto insurance (HNOA). This will help pay for accidents in personal as well as rented vehicles which are utilized for official work.
  • Fidelity Bonds: Ensure that neither you nor your staff resorts to stealing any money. In the case of theft, these bonds will help repay the amount stolen.
  • Workers’ compensation insurance: This takes care of all the medical expenses of your staff as well as helps pay for expenses incurred if workers are involved in any accidents during working hours.

 Conclusion

We are  sure the various details shared in this article will give you complete clarity  on the feasibility of setting up a computer repair service business. You need  to be well-versed with the products you service to be able to offer solutions  at all times. A good number of certifications, quality collaborations, skilled  staff and seamless services can help your business develop into a lucrative one  very soon. 

Follow Legaltree for the latest updates, news blogs and  articles related to micro, small and medium businesses (MSMEs), business tips,  income tax , GST, salary and accounting.

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

Everything you need on Tax & Corporate Laws. Authentic Databases, Books, Journals, Practice Modules, Exam Platforms, and More effortlessly with one click.

How to Create a Stem-and-Leaf Plot in SPSS

How to create a correlation matrix in spss, how to convert date of birth to age in excel (with examples).

@2020 - All Right Reserved. Designed and Developed by Tutoraspire

LOGO

Your favourite senior outside college

Home » Employer Resources » Startup Center » The Ultimate Guide to Creating Investor-Friendly Business Plans [Format Guide]

The Ultimate Guide to Creating Investor-Friendly Business Plans [Format Guide]

Business Plan Format

Are you an aspiring entrepreneur wondering what a business plan should look like and how to create one? A well-structured business plan is an essential part of any successful venture. But it may seem challenging to give shape to your business idea and not miss out on any important details.

In this blog, we’ll discuss the key elements of a business plan and provide you with a useful business plan format with sample statements to help you on your way.

Table of Contents

Business Plan: An Overview

A business plan is a detailed document that outlines the objectives, strategies, and tactics of a business. It is typically used to secure investments, financing, and other forms of support from stakeholders. The document should include information such as descriptions of the company, its products and services, its customers, its marketing and financial plans, and its operational plans. Having a business plan is crucial for any business. It can ensure that everything is taken into account and that the business is well-prepared to succeed.

Find and Apply Banner

Business Plan Format with Sample Templates

Writing a business proposal can be tricky. Whether it is a small or large business, there are a few key elements you should consider when discussing a business strategy to enhance your business plan. This section provides sample templates that can help you streamline your unique business proposal.

1. Give an Executive Summary

An executive summary in a business plan is a brief overview that outlines the major points of the plan. It should be concise and engaging so that it captures the attention of potential investors or lenders. The summary should be in paragraphs with comprehensible headings and points. To write an executive summary, you should briefly answer the following questions (not necessarily all):

  • What is the mission of your business or your company/organization?
  • How did the idea of business come up?
  • Who has the highest leadership?
  • Which industry does the business belong to?
  • What is going to be the employee base?
  • What are the business’s products and services?
  • What are the competitive advantages of the business in the already existing market/industry?
  • What marketing strategy will be used?
  • How many different operational teams are going to form?
  • What is going to be the location?
  • Who are the stakeholders?
  • How will you fund the business?
  • How much money is required to set up the business?
  • What are its future financial targets?

Here is an example of an executive summary of an organic food product start-up.

“[Company Name] is a start-up business venture that specializes in the production and distribution of organic health food products. It was founded by two entrepreneurs who have 10 years of combined experience in the health food industry. The company is located in a major metropolitan area.

Our goal is to become the top provider of organic health food products in our market. We plan to do this by providing high-quality products and services and excellent customer service. We have identified some key competitive advantages that will help us succeed, including our experienced management team, our strong network of suppliers, and our commitment to innovation.”

2. Talk About the Business’s Key Products and Services

In this section, talk about the key products and services that your business plans to offer, along with their value proposition. Here, the term value proposition means why a person will care to buy your product or service. It also uncovers unexplored and potentially marketable opportunities.

Here’s a business proposal example that includes details of key products and services for an organic healthy food product start-up:

“Our business offers organic foods that are healthier and more sustainable. Our value proposition is that our customers can enjoy healthy, farm-fresh foods while feeling good about contributing to the environment. We strive to offer a wide range of products, from organic produce to organic sauces, fruit bars, and snacks.

As dietary habits have evolved, there are a significant number of people who prefer or require gluten-free products due to their health issues. We strive to produce gluten-tolerance-tested, authentic, and trustworthy gluten-free products with delivery and online ordering to make purchasing easier for our customers.”

3. Insight on Competitive Market Analysis

Business planners need to possess comprehensive knowledge of their target industry and market. Having great business analysis skills can help a business planner get a clear understanding of how to compete effectively and gain a foothold in the market. This section should cover the following information:

  • Market Size: Describe the size of the industry, the expected growth rate, and the potential earnings it offers.
  • Target Audience: Who are the perfect customers for your business? Include details like their age, where they live, and their preferences.
  • Competitors: Write about your key competitors’ strengths and weaknesses and how you plan to counter them.
  • USP (Unique Selling Point): Cite what distinguishes your product or service from the competition. What’s your marketing plan to set yourself apart from the competition?
  • Price and Profit: Share what pricing scheme your business will follow and the estimated profit margin.
  • Rules and Regulations: Specify any special rules or laws you must follow in your industry.

An example to describe the market analysis in the business proposal template for an organic healthy food product’s start-up will be like this:

“The health food industry in India is rapidly expanding, with a compound annual growth rate (CAGR) of 20% and an expected CAGR of 16% by 2026, equivalent to $30 billion. This growth is attributed to the increasing number of health-conscious individuals, who are expected to grow from 100 million to 176 million by 2026. Healthy snacking categories like cookies, fruit snacks, snack bars, and trail mixes are expected to experience significant growth.

Our products and services stand out due to our commitment to quality and reasonable prices. Our experienced management team, strong supplier network, and innovation are key competitive advantages. We aim to market our products to health-conscious consumers seeking organic alternatives to conventional foods, aiming to become the leading organic food supplier.”

4. Target Audience Selection

A business’s success is incomplete without fostering and developing its customer base. “You must know your customers and the customers must know you” – this should be the motto for your business.

After in-depth research on target customers, you can form the right marketing and sales strategies. The best way to identify customers is to understand their problems and needs. Simply put, your business’s products and services must solve their problems and fulfill their wants. Here’s an example to share about the target audience selection for an organic, healthy food product start-up:

“Our target audience is adults aged 18-40 who are health-conscious and interested in organic options. We will focus our marketing and sales efforts on this demographic, as they are likely to be more open to trying new products and more likely to embrace organic alternatives. Our goal is to become the leading organic food supplier for this demographic.”

5. Structure of the Company’s Management and Team

This section of the business plan template will discuss the teams and departments that will make the business run. Briefly outline the roles and responsibilities of a position and create a job posting to hire the right employee.

Here is one way to briefly mention your company’s management team structure:

We will have a CEO, COO, CFO, and other executive positions to manage the company’s operations. Several teams will be involved in running the business, including a customer service team, administration, human resources, sales and marketing team, finance team, operations team, and product development team. Each team would have its own set of roles and responsibilities.”

6. Marketing and Promotional Strategies

This is one of the most crucial parts of your business plan. The right marketing and promotional plans help spread the word about your product or service, increase overall brand awareness, capture market share, and thereby, increase the customer base, sales, and profits. Here is a brief overview of marketing and promotional strategies in your business proposal:

“Our marketing strategy is centered around a multi-faceted approach to engaging with our customers. We will create interesting and relevant content for social media platforms, optimize our website for search engines, collaborate with influencers, run targeted online ads, and send out email campaigns.

Our promotional efforts will include limited-time discounts, loyalty programs, and exclusive events to connect with our customers on a personal level. We plan to expand our outreach through partnerships with complementary businesses and attending industry events. To measure the effectiveness of our strategies, we will leverage analytics tools and gather customer feedback to make necessary adjustments. Our ultimate aim is to build trust and credibility in our brand.”

7. Details of Developing Sales Funnel

The growth strategy of a business depends heavily on its sales funnel strategy. This is because successful sales will lead to revenue growth and business expansion. An example to mention about the sales funnel in the business plan model is:

“Our sales funnel is designed to help our business generate more leads and close more sales. We will start by optimizing our online presence to increase visibility and attract potential customers. From there, we will create content and campaigns to nurture leads and build valuable customer relationships. We will then use analytics and other data-driven tactics to identify qualified prospects and target them with effective messaging and emails. Finally, we plan to use automated tools to manage the sales process from start to finish.”

8. Lay Out Your Financial Plan and Budget

This point of your business proposal will include details of the budget, balance sheet, revenue generation, cost reduction strategies, and other expenses. It should talk about the costs required to cover all business operations, management, and estimated future revenue projections. Here is a template of a business budget.

Business Budget Template

9. Add Appendix to Provide Additional Details

The appendix to a business proposal template includes extra documents that give more information about the proposal. You can put in any part that needs evidence, facts, or reports. Normally, the appendix can have these documents:

  • Market research with charts and data from other sources.
  • Licenses, contracts, certificates, or patent papers.
  • Maps and plans for expanding the business facility.
  • Contact details for team members, board members, and current investors.
  • Reports and statements from quality-check experts.
  • Financial documents like the balance sheet and the company’s account statements.

Every business needs a one-of-a-kind business plan format. It should contain all the necessary information and documents to give the reader, investors, and stakeholders a comprehensive overview of the proposed business. By taking the time to structure and create a detailed business plan, entrepreneurs, business planners, and analysts can create a clear and concise guide to help them achieve their goals. Executing a successful business plan, therefore, requires skilled professionals. If you are interested in the field of business management and helping businesses make valuable decisions, then look for work from home accounts jobs to contribute.

Have you ever drafted a business plan? Tell us in the comments below!

  • ← Previous
  • Next →

computer sales and service business plan in india

Sandipta Banerjee has completed her Master's in English Literature and Language. She has been working in the field of editing and writing for the past five years. She started her writing journey at a very young age with her poems which have now evolved into a poetry blog. She was working as Editorial Head in a US-based publishing house before joining Internshala.

Related Post

computer sales and service business plan in india

What is Innovation in Business Model?: Types, Strategies, & More

Inspiring change in an organization remains one of the most daunting tasks today, yet it’s paramount if success is desired in the ever-changing business landscape. To get through this barrier,

computer sales and service business plan in india

Top 25 Home Business Ideas: Make Your Primary Office Your Home

The concept of home business dates back to ancient times, like pottery-making during the Indus civilization, hand-made textiles, tea, spices, precious metals, and stones that traveled through the silk route

computer sales and service business plan in india

How to Make a Business Plan: Crafting a Winning Business Plan

A study revealed that entrepreneurs who create formal business plans have a 16% higher chance of achieving viability compared to those who do not plan but are otherwise similar in

computer sales and service business plan in india

How to Become an Entrepreneur: A Step-by-Step Guide

Entrepreneurship is an interesting journey for free-thinkers who love creativity and innovation. Although the journey of entrepreneurship might seem challenging at first, it’s more than rewarding in the long run.

computer sales and service business plan in india

  • Credit Cards
  • Investments
  • Terms and Conditions
  • Privacy Policy

80 Best Small Business Ideas in India

Sushma Singh

  • September 21, 2023
  • 50 min read

40 Best Small Business Ideas in India for 2020

Who does not want to own a business? No matter if it is commenced as a small scale or done through huge capital investment, it is still considered a business. Even if you do not want to invest ample amount into a business you can still run a profitable small scale business. We will brief you about all the best small business ideas in India.

We understand it could be hard for beginners to find the right business idea for opening any new business. One wrong decision could ruin all your investment and time. It is therefore always suggested, to explore as many options as you can and then depending upon your current financial status, demographics, local demand in the same field, expertise, and experience, choose the viable option that matches all your needs.

The Indian business is constantly seeking growth in all a wide array of areas due to numerous factors which include government stimulus, international trade, and a strong developing and evolving economy. There are tons of business opportunities available in various sectors due to the rapid increase of youths that are rising to technology and leadership driving innovation and growth.

You can easily start a small scale business requiring low investments with the boost in technological advancement, and creativity. It is just that you need to possess some special skills for performing specific tasks. You can even operate some businesses from your home, while some of them may require you to lease or rent out small premises.

Crucial aspects to be considered before the commencement of a small business

2 significant factors should never be ignored when you are about to open your new business:

  • Business Funds- This is the most important is to arrange the funds. You can procure a loan to fund your small business idea either from the banks, community organizations, and cooperative credit societies. However, a small business can also be started up with whatever little investment you may have.
  • Planning Prior- One has to plan well for success. Failing to plan is planning to fail. Hence, it is very crucial to plan the entire business strategy in advance before the launch. Study the whole market for the product or service you are about to deal in.

Also, make a comprehensive report and get acquainted with all your competitors and their offerings. There is always a scope of improvement, so always seek advice from the people you trust. Never forget to build a complete database on the potential customers for your product or service you are offering.

80 Small business Ideas to start in India

The business ideas which we are going to talk about below have certain opportunities behind it which you need to match as per your needs, and requirements. Let’s dive in all the business ideas to check the compilation of all these opportunities in India that can be started with very low investment-

1) Content Writer and Blogging

40 Best Small Business Ideas in India (2023)

If you have a strong command over your writing style and reading skills, you can very smoothly utilize your skills to get yourself earn a decent income. It has become a profitable business not only in India but across the world. You get paid on every word you write for your clients. The best part of being a content writer is you can start is without investing a single penny as if you are confident in your writing skills, you can start your carrier as a content blogger or a writer.

2) Digital Marketing

There are ample opportunists available in digital marketing . As you can launch your own startup, do a freelance business, promote several products and earn well. Before taking any of the above steps, you need to have a robust command over your digital marketing skills, which you can learn by joining a digital marketing training center or you can do a course online.

3) Mobile Apps

As we all know the demand for mobile phones is rapidly increasing every day and so is for mobile apps. The scope of making mobile apps has a huge potential in India. For a mobile app maker you need to have technical knowledge about all the tools related to its development (tech-savvy), understand the needs of the customer and design the app accordingly. Also, ensure before it is developed whether it is serving the purpose of the potential users or not.

4) Pollution masks

With the rapid increase in pollution in all metropolitan cities especially Delhi, in upcoming years the scope of manufacturing and trading these pollution masks would be like selling hotcakes. The demand for these masks will keep on increasing due to the massive hazardous air pollution effects.

5) Network Marketing

For establishing yourself into the network marketing with less investment, you need to tie up with putative brands that offer proficient products. In order to search for the brands, you can check it on Google whose products are always in demand.

Mostly, these days people have become very conscious of nutrition, health, and supplements, beauty, and skincare products for which you can boost your marketing and networking with the distributors already dealing in this field. You can grow and expand your business by promoting your products to your relatives, friend circle, and doing online business by building a website.

6) Dropshipping

One of the best aspects of this business is that you can start this by building your own e-commerce website without even investing a considerable amount and without stocking any product. As you do not need to purchase any product until you get any order from the customer. You have an opportunity to earn a profit as high as up to 3 times the price of the seller.

There is a straightforward process that you need to follow in order to start your Dropshipping business :

  • The first thing that you need to do is that find a supplier such as Amazon, Flipkart, Snapdeal, etc and tie up with them
  • Build up your e-commerce website and prepare a list from what you want to sell from these suppliers
  • Promote your website on social media networking sites such as Facebook or Twitter, or other online marketing channels
  • Once you receive orders from the customers, place the order with suppliers and ask them to deliver the products to the address of the customer.

7) Fashion Designing

It is not a difficult industry in which you can make a career if you have a keen interest in fashion and clothing. Moreover, you will have an upper hand if you are residing in urban or semi-urban cities as you have an opportunity to be cognizant of what is in the trend. This way, you can be the trendsetter and rule this industry without investing too much.

8) loT Home/ Builder Consultant

Many latest government policies have been launched to support this opportunity for creating a startup that services in this area. If you want to commence this business, you need to existing homeowners and developers to transform their living space into what they actually want as per their liking. This way you can turn their regular home into a smart home .

This idea involves a very low investment to start as the parts for loT installations are reasonable and the best part is that you will find the clients who will pay you the upfront cost for the services they get.

9) TV Advertisement company

As you, all know TV ads have become a great platform for all the companies in order to promote or launch their products in the market. It is the best way to market your product or service. Due to the rapid increase in Advertisements, creating and managing TV Ad companies is a business idea that can be considered.

To begin with this business plan, you can approach your competitors who don’t have TV ads and convince them that they can be your client, or you can approach a company who is already running Television Ads. The initial investment would include studio space, cameras, green screens, and lighting effects.

10) Customized Gifts

You can start this business even at home. Nowadays, everyone wants to give their loved ones a memorable gift on special days or occasions. Starting the business of customized gifts can be much profitable and it even does not require much investment . You just need to buy certain gift items and accessories used for customization.

11) Blogger

40 Best Small Business Ideas in India (2023)

You can start your career and there is a wide scope in India for fashion bloggers, food bloggers, travel bloggers, music bloggers, and many related fields. If you have abundant knowledge about a certain subject like traveling and you have traveled a lot, you can share your experiences and write blogs related to it. Once you have posted the blog, all that is left is the battle of likes and shares. More your blog will be read, the more money you will make.

Also Read: What is an NGO – Non-Governmental Organization?

12) Social Media Consultant

As mass media has become a crucial aspect of marketing. Be it any business, company/organization, and authority figures, they all are pretty much concerned about their goodwill and reputation which opens up a wide scope for social media consultants.

Their goodwill and reputation can pre-dominantly be impacted (positively and negatively) by social media platforms which are handled by consultants. This way they earn a lucrative income by charging a hefty amount from the renowned companies.

13) Aquariums and Fish

This is a very low investment project in which you can start at your home as well. You just need to buy a few aquariums of various sizes and distinctive varieties of fishes. For breeding of fishes, you can keep special tanks. This way you just need to buy fishes one time, and thereafter you can multiply them by breeding.

On top of that, you can also sell fish foods, air pumps, and decorative stuff for the aquarium which will boost your profits. The only thing is you should have the knowledge and be well versed in handling different types of fishes.

14) Coins and Stamps

There is an array of non-existent Stamps and Coins. However, there are already many stamps and coins collectors around the world but not in India. There is a wide scope of this lucrative business.

In order to initiate this low investment high return stamp business, you need to register yourself with postal departments of various countries. As you need to buy the latest stamps, you have to pay some advance money to purchase those stamps. For starting up coins business, you need to take permission from a special government that runs bureaus internationally. Once you are registered with them, these departments will send you the coins and stamps which can be sold at a very good premium depending upon the buyer/client.

15) Pet Care and Pet Food

This business is becoming popular in India as everyone who is having pets, love them. Pets become like a family member for the ones who are their caretakers. When the people handling pets go on a vacation or a business tour, they are unable to take their pets along. Then they look for services that can take proper care of their pets while they are elsewhere. If you well versed and know how to handle pets, this business is an apt choice for you with low investment.

You can keep pet food as well. The people who will leave their pets may also buy their pet’s food from you which will increase your profit margin.

16) Beauty Salon

40 Best Small Business Ideas in India (2023)

It is one of the most trending retail business ideas that many people are considering to earn a spectacular income. It enhances the client’s physical appearance and provides mental relaxation due to which everyone comes to the beauty salon. The profit margin is relatively good as compared to many other businesses if you get a good clientele.

However, there are certain aspects that you should be taken care of before initiating this business such as the location, efficient and skilled manpower, and the right promotion or marketing strategy to increase your clients and the overall sales. You can take a place on rent and start this business on a small scale with not such a huge investment.

17) 3D Printing

3D printing is even replacing prototype printing technology as it has gained much popularity in India. If you are thinking and you have considerable knowledge in the digital printing industry, 3D printing is can be a kickstart for your career. You need to invest in buying 3D printing machines, which does not involve a high investment if you go for a small machine purchase.

18) Renewable Energy

Apart from making considerable money for you, this business is also good for the environment. The government is also promoting and giving subsidies to the companies that are converting themselves into alternative energy business ventures. If you are an environment lover, this business is a perfect fit for you.

With the increase in the global warming effect, many individuals are willing to try their hands in this field. They are using their empty or unused land and even their rooftops for installing solar panels which are helping the environment and also provide them an opportunity to make money.

19) Cyber Security

If you are tech-savvy with profound knowledge of hacking, programming, software, and hardware, you can start up your own cybersecurity company or provide these security services to well-reputed companies. The top-notch companies will pay a huge amount to keep their system secure and to avoid any unauthorized access to their database. Many cybersecurity companies are being launched in India and all the big corporate companies are buying their highly paid packages to ensure their data remains safe.

20) Photography

If you are well versed with the camera functioning and very good with clicking pictures, you can think of this option as to become a photographer you need to buy a professional camera. And you are all set!

These days everyone hires a professional photographer for their weddings, birthdays, events, festivals, etc. There is a huge scope of this profession at present and an optimistic business idea for the future.

21)Share Market

You can try your hand in the stock market if you are good at speculations and plentiful economic understanding. However, it is not like other businesses as it involves more risk but it can be a quick way to earn money. If you are willing enough to take the risk and you are well informed about the working of the share market, then you can go ahead and try your luck.

22) Courier Services

In order to open a courier service company on a small scale, you can tie up with other brands who are already working as a courier service provider. The need for courier service has emerged in India due to the numerous shopping online apps being launched each day. It is a low investment business if you tie up with other brands and keep your specific share as a partner.

Also Read: How to Earn Free Bitcoins Daily without Investment

23) Chocolate Making

It can be a really good home-based business venture from which you can earn a lot. Candy making or chocolate business is very popular in India and many people make several types of chocolates and sell it under their own brand name.

If people can’t stop drooling when they see your homemade candies, you should get into this business. You just need to target a local market that has potential customers to buy chocolates. The other thing is to contact a dedicated team or person to deliver your chocolates.

24) Wifi Installation Company

With the evolvement of time, the need for wifi internet solutions is increasing day by day. Customers demand internet everywhere, be it their home, office, shop or even a small retail counter. Consequently, the demand for wifi installation has augmented.

You need to invest some portion of your amount in buying supplies to install wifi routers. Once you buy the routers and maintain your stock, you could begin by approaching places where there is a huge footfall such as malls, departmental stores, hygiene stores, etc. You need to talk to their owners and set up a deal to install the wifi hotspots.

25) Web Designer

Nowadays, almost all businesses have their own websites. This is has led to increasing demand for a web designer as every business is keen to create a website for their products or services they are dealing with.

The startup does not require a high investment as you would just need a computer and learn some web designing skills from a training center or an institute. You can also learn web designing online to execute. Once you know how to design websites, you can approach local new or existing businesses to check whether they are looking for building up a website or modifying an existing one.

It is also one of the lucrative businesses in India for the people who are competent in making cakes, pastries, cookies, muffins, bread, and all the other bakery items.

You can open up a bakery at an appropriate location in a market where there is huge customer traffic. Moreover, it has a wide scope of growth and expansion that too without investing a big amount. You just need to be armed with an excellent oven and require great skills in the preparation of these baked delicacies.

27) Fitness Centres

People are becoming significantly health conscious. With this increasing fitness awareness, the demand for fitness centers or gyms has seen a major hike. It has even become a part of numerous people’s lifestyles. You can buy a few low-cost equipments at the initial stage. You can buy equipment henceforth when you evaluate your profits and analyze the customer’s responsibility.

28)Extracurricular Activities Centre

Due to provided platforms of many reality shows in the Television and film industry, there has been observed a significant rise in the scope of dancing, acting, singing, etc. It has become one of the promising careers.

Launching an Extracurricular academy to train students in such fields is a lucrative opportunity in India to catch hold of. Not only in metropolitans and big cities, but even these activities are seen widespread in rural areas and people are will to spend on learning such services.

29) Restaurant and Cafe

The schedule of people is very hectic usually is busy cities. All they want is to have peace of mind along while having delicious food. Many individuals do not even get any time to preparing food for themselves. This has resulted in a constant increase in the demand of all the food chains and outlets. It’s a sure-shot business idea to start with low investment. The only thing you need to ensure is to have skilled staff primarily chefs.

30) Handicrafts

If you are creative enough to use this platform for your business, you can start manufacturing your own handicrafts. Making handicrafts is a superlative low investment business that you either do trading of. If you do not want to involve yourself in the making process, you can buy and sell them at places where it is non-existent.

Glitzy showrooms charge an exorbitant price for these handicrafts which are used for home and office decor. These showrooms purchase it from the local manufacturers and sell it to the customers at an extraordinary price. You can tie up with these showrooms or can target local market shops, and sell the customers these handicrafts directly at a reasonable price as compared to the one customers get in showrooms.

Also Read: 18 Best Online Part-Time Jobs For Students To Earn Money

31) Packing services

Usually small and medium-sized businesses do not have a dedicated department that deals with packing their product. They often hire individuals or outside companies who do it for them. In the case of an individual, they can often be unreliable.

So, if you open up a packing service company whose primary role is to deal with providing packaging services, you can be spotted easily and the need for this business is augmenting.

You can also tie-up with some businesses that deal with selling their products online. You just require appropriate fine quality packing material such as strapping machines, cartons, cutters, and experienced manpower. This is one of the low investment high return businesses.

32) Tutoring

40 Best Small Business Ideas in India (2023)

Every parent wants to provide the best education to their children while they are going to school. The need for a qualified and dedicated tutor for every child has become a requisite. It has led to an increase in demand for tutors. If you want you can also opt for an option of online tutoring, as many students these days are excelling in their education by availing online tutoring facilities.

If you are educated and have profound knowledge of teaching, you can start off with this business with having no capital investment.

33) Catering business

Be it any wedding, event, or any formal get together, caterers are in high demand these days. If you have excellent interpersonal skills and you can work under pressure along with managing your staff, a catering business can fetch you a decent amount of money.

However, you need to be experienced as there are many big shots already in this field. For becoming a renowned caterer, you need to be an all-rounder, that is being good in staff management, aware of different serving recipes, different cuisines, and all the trendy culinary that is being liked by people according to the gathering.

34) Make Religious Items

India is a devout country. People have faith in religious items such as pictures of deities, idols, incense sticks, holy candles, prayer beads, cotton wicks for lamps, and other paraphernalia . You can start making these items even at your home without investing much in this business. The best part is there is no lack of customers in this area as people are willing to spend on religious stuff without concerning much about the price of the product.

35) CCTV and Surveillance

Every new homeowner is demanding a security camera’s connections these days. Not only them, but even the existing or old homeowners are also becoming security-conscious and are ready to spend an additional cost on CCTV or Security cameras for ensuring safety. This has boosted the demand for CCTV and surveillance cameras that are getting installed at homes as well as commercial offices. You need not do a high-cost investment to start this business. Commencing this business has an extensive scope at present and in the future.

36) Delivery Services

Best Courier Service for Ecommerce Shipping | Shipping & logistic Solution | Cheapest Shipping India

Ample shipping companies are facing issues while delivering their products to some backward and rural places. You can sort this issue out for those shipping companies and avail the benefit of making greater profits by becoming a last-mile delivery service provider . You need to set up a warehouse (on rent) on the edge of the city where you want your distribution channel to be powerful.

With better connectivity options, you can handle the final miles of the trip. You ought to predominantly focus on the places where regular shipping companies are not willing to go. You can charge extra for your delivery service at these places and make profits.

37) Mobile Wallet Payment

Till the time online payment solution apps were not launched, people were more comfortable using cash than other payment options. But since the inauguration of these mobile payment solutions become a part of the Play Store and App Store, many people have shifted using mobile wallets instead of cash. There are many reasons why people have inclined towards its usage which are listed below-

  • No need to manage cash in your pockets
  • One-click hassle-free payments sitting at your place
  • More secure and safe as you have a record/proof that you have made the payment

An enormous portion of the population is using smartphones which help them to do research, communicate, and use it as a source of entrainment. In order to set up this business idea, you need to have complete knowledge of how programmers and coders work while processing these types of payment solutions. You can also tie-up with professional programmers and coders for making the startup costs lower and bringing down the capital investment.

38) Travel Services

Time has changed as people have started traveling often for personal and business purposes. You can make huge profits by dealing with traveling services such as booking flights, trains, bus, accommodation, entire tour and travel packages, cruise packages, many more. You need to have a tie-up with hotel chains at various destinations, long-distance bus services, railways, and flight companies.

You also have an option to collaborate with major travel agents and service providers if you want to play safe and are not willing to take any kind of risk. In this way, you can get commissions for every reservation you make.

39) Ice Cubes

Although it is not a very easy business that you might think. It requires to be asserted with specifications prescribed by FSSAI (Food Safety And Standard Authority Of India). If you have, clean water and appropriate packaging provisions, proper equipment, you can enter this big industry starting with a minimal investment. The pre-requisite before commencing this business is to get your product listed under FSSAI certification.

40) Fragrant and Regular Candles

How To Make Scented Candles | DIY Aroma Candles | Small Business Ideas Ep -1

The use of candles is not limited to illuminate houses during power cuts or religious centers, they are also used for interior decoration in restaurants, showrooms, offices, homes, weddings, and other events.

Making a candle is not difficult. With some training and experience, and with the use of fragrant oils you can make fragrant candles of various sizes, shapes, and colors. Fragrant candles are also extensively used for meditation and relaxation purposes in religious and spiritual retreats.

Also Read: 16 Best Courses for Commerce Students after Class 12th

41) Crowd Funding Business

One of the most sensible financing options for modern startups and rising businesses have been regarded as crowdfunding. Crowdfunding is the process of raising money for a project or company from a large group of people as opposed to just one or two significant investors. Different aspects of crowdfunding, including gift, equity, real estate, and reward-based, are all possible.

To attract a vast number of investment supporters and persuade them to invest in your project, you must have strong sales and marketing abilities to run a successful crowdfunding firm. The key advantage of a crowdfunding business is that there is very little danger to the firm’s finances and that it can be launched with very little money. read on to know more about best small business ideas in India.

42) Tailoring Shop

As far as profitable company concepts go, this one is based on a different fundamental need for survival, clothes, thus the market is, well, everyone. Tailoring and needlework have been established enterprises for many years, and the majority of them operates from homes and takes orders from tiny stores. But having a tried-and-true business model does increase the likelihood that it will succeed in the future, particularly in bigger cities where there is a huge demand for tailoring services. To increase one’s chances of success in this small company endeavor, one has to complete the necessary training and, preferably, should have adequate experience.

Also read: 25 Best Scalable Business Ideas You Can Start

43) Small Asset and Wealth Management Company

Due to their flexibility and agility, independent small wealth and asset management businesses are outpacing the big players and is easily one of the best small business ideas in India. If you have a good network and a strong financial foundation, you can establish a smaller company. You can outsource the other administrative duties because your business is small.

An investment advice service called wealth and asset management combines various financial services to meet the demands of high net worth and wealthy customers. A specialist with the financial know-how to manage an affluent client’s money holistically for a defined price is a wealth management adviser who works independently and for themselves.

44) Juice Corner

Fruit Juice corner business | StartupYo | www.startupyo.com

Fresh juices without preservatives are becoming more and more well-liked among Indians as their health consciousness increases. Due to its potential for success, the modest juice bar has been included on our list of small business ideas for India. While one is at it, expanding into similar beverages, particularly (and perhaps less healthily) summer drinks like lemonade, buttermilk, and lassi, could be beneficial for this tiny company.

Of course, one might choose to go all out and begin with a food truck that is completely loaded. As long as the food and beverages offered are of a good caliber and all necessary permissions are in place, it shouldn’t be too difficult to ensure this company idea’s success.

45) Cooking Classes

Cooking classes are an option for skilled professional cooks who do not want to toil away at a restaurant or food truck company. The creation of tasty yet nutritious food is a novel concept that is gaining popularity in India among urban and semi-urban households. Additionally, these programs may be delivered both in-person and online, or someone can start a vlog to instruct others in the finer points of culinary arts. By using the web classes, one has a far greater opportunity to reach and profit from market groups that they may not otherwise be able to. Read more to know about the best small business ideas in India.

Also Read: How To Get Paid to Advertise on Your Car? A Guide

46) Takeaway Corner

Since food is one of the essentials for survival, it is a popular choice for individuals to enjoy and start an F&B (Food & Beverage) business. Because of this, restaurants as a small-scale company concept that will always have clients as long as they offer delicious cuisine. Of course, a new company does not always need to be a restaurant right away. One can start with only a few essential foods, such as a filling traditional breakfast with add-on snacks. Or one can create a takeaway corner for bigger meals like lunch and dinners are thalis with a pre-decided menu of the day. This will attract a lot many customers who do not have much time in their daily routine to cook or are students who need a fulfilling meal at a pocket-friendly cost.

47) Daycare or preschool Services

Pre-schools and childcare centers are booming industries in India as the country’s working population grows. Preschools have a history of producing high yields of revenue, making them one of the more lucrative industries to invest in. All you need is a well-written, comprehensive business strategy, as well as valid registration and licensing.

This is a tiny company that women may start from home or a modest location. Opening a babysitting, daycare, or preschool business requires relatively little capital and is one of the best small business ideas in India. You can invest in a few toys, cribs, and beds to get started. Include a first aid kit, several packages of disposable diapers, antibacterial creams, etc. to the daycare center too. However, if one wants to open a preschool, then one might need more facilities and more capital as well to run a successful business.

48) Ice Cream Parlor

You changed my life. Now we’re opening an ice cream store!

Even though it’s a seasonal industry, the ice cream parlor is a popular choice for small enterprises. Purchasing the franchise of any certain ice cream brand is the first investment needed to start this manufacturing business. The second investment is having a shop where the counter may be placed. One cannot ignore the fact that ice cream remains one of the most demanded desserts among folks. Keeping the parlor open late at night for those who like to grab some ice cream during hot summer nights can be a good way to create a customer base.

Also read: How to Resell Items on Amazon? A Complete Guide

49) Wedding Bureaus

Marriages are planned in heaven but are performed on earth. Wedding bureaus are more common in small cities and villages than marriage websites. Before making a decision, families think about personally meeting other families. In light of this, having a small office, 1-2 employees, a registration certificate, and contacts can help you become a successful businessperson.

Without making significant financial commitments, one can quickly expand their marriage bureau business. All that is necessary to engage in discussion with the clientele is having solid connections, local knowledge, and people skills. Read on to know about best small business ideas in India.

50) Driving School

Driving lessons can be given to individuals if one has decent driving abilities and can afford a vehicle like a car. The individual may instruct 10-15 people each month with the same car and make a respectable income with no outlay. Getting a car and a small business loan may not be that tough. It is possible to pay back the loan in part using the money the driving school makes. With the money saved, the fleet of vehicles could be increased, additional driving instructors could be employed, and the company could grow. A new automobile can also be purchased with a small company loan.

51) DJ Services

DJs are a top consideration for every occasion, whether it is a wedding or a party. The DJs’ ability to draw a crowd is wholly contingent upon the business establishment. If you run your DJ business properly, it can be quite successful. You can maximize your business revenues if you have the necessary information and abilities. To start this type of business as a full-time profession, one needs a strong vision and skills.

You must do market and geographic research. Make a list of the locations you want to target where people frequently have fun and what kind of music they enjoy. Streamline your options and draught music industry business ideas. A DJ can make money in a variety of ways, including promotions, advertisements, social media accounts, and YouTube.

52) Flower Shop

Jenny Joseph: The florist turned entrepreneur whose life blossomed in the UAE

You may start a flower shop now if you’re seeking a profitable venture that requires very little capital. This type of business is one of the best small business ideas in India and it can be launched in a variety of ways. You may sell several flower varieties by displaying them in a store and giving them a bouquet-like arrangement, or you can alternatively sell them to a major retailer too. If you’d want, you can also make money by selling flowers on specific days, perhaps by selling the same flower each day.

In addition, you can accept orders for flower arrangements for weddings and other special occasions and benefit from this company. You can either get the flowers for a flower farm or can grow flowers yourself.

Also read: 50 Low Cost Business Ideas with High Profit in India

53) Real Estate Agency

You should have a sufficient understanding of the location in which you want to establish your real estate firm before you can build your small business concept. A real estate firm manages, purchases, operates, sells, or invests in land, buildings, and offices. The market for real estate is huge. There are several factors to take into account if you want to launch a profitable real estate firm. Consider what precise specialty is best for your company when beginning a new business to offer yourself an advantage over the competitors.

To prevent disappointing all of your prospective consumers, make sure you build up your real estate firm to fulfill the needs of a certain niche. You can assist individuals in finding their ideal house or piece of property as a real estate agent.

54) Computer Training Classes

There is a high need for computer knowledge and expertise in the current period. One’s chances of landing a job are significantly improved if they have a fundamental understanding of how to use a computer and simple applications like Word, Excel, and PowerPoint from the Microsoft Office suite. As a result, there is a high need for people to understand computer science, programming, and the rapidly developing fields of technology like artificial intelligence, blockchain, data analytics, the Internet of Things, etc.

If so, you can open a training facility with a few PCs, an internet connection, and teaching tools like projectors and whiteboards. Since information drives the company’s operations, ongoing investments after the initial capital outlay are minimal. Learn more about best small business ideas in India.

55) Organic Farming Business

Whether you farm or not, farming is very necessary for your survival.  Our health is negatively impacted by the pesticides and fertilizers used in agriculture.  It is getting more widely known. They recognize the value of chemical-free food.  Future years will see a significant increase in the importance of organic farming. You may do organic farming if you own a farm. You can sell them to different whole foods and grocers that focus on organic food.

56) Organic Food Store

Is Organic Food Really Worth It?

Our health is negatively impacted by the pesticides and fertilizers used in agriculture.  It is getting more widely known. People recognize the value of chemical-free food.  Future years will see a significant increase in the importance of organic farming. You can now go to different whole foods and grocers that focus on organic food. People are gradually becoming aware of it. This opens a large opportunity for those who do not want to farm organic food but has a knack for selling.

Because there is such a high demand for organic fruits and veggies, you can sell them. You have the option of starting as a small vendor. Finding a farmer who grows organic fruits and vegetables is all that is required.

Also Read: How much does TikTok pay you for 1 million views? Pay Per View Guide

57) Medical Sample Service

Another low-investment and one of the best small business ideas in India, with explosive growth is medical sample service. It implies that you get patient samples of their blood, feces, urine, and sputum at their residences. Delivering these samples to pathological labs will allow them to be tested and provide medical reports. The consumer must get the reports at their residence. You will need a car or bike, tools for storing biohazardous material, and knowledge of how to draw blood samples. Before starting this firm, contracts with pathological labs are required.

58) Financial Consultation

You can work as a financial consultant and start one’s consultancy if you have an understanding of finance and investments and a degree or certification in the field. The majority of individuals lack basic financial and investing knowledge. They are unable to choose where to invest and where not to. People often desire to organize their finances. They want to prepare for their financial future or wish to invest their money wisely. You need to have sufficient expertise and experience to launch this business. You can gain experience by working anywhere before establishing this business.

59) Mobile Garage Service

Everybody has witnessed automobiles, scooters, and motorcycles malfunction amid crowded streets. The unlucky owners of these automobiles frequently struggle with the question of where to receive repairs. You might offer a mobile garage in such cases. It is one of the innovative and best small business ideas in India. You will need a car, a cell phone, and all the tools necessary to fix a stalled vehicle for this low-investment business. Simply head over to where the car is parked and start making repairs there.

60) Jams and Pickles Business

Local business makes jams, candy from Florida citrus

People in India regularly pair their meals with a variety of pickles, jams, and papads. People love homemade fruit jams since they don’t contain preservatives and they taste great. With the help of several organizations, you may turn this venture into a lucrative one with minimal capital. Making pickles and papads is another excellent idea for a home-based company that women have been doing for a long time.

You can launch this business either part-time or full-time, depending on your preferences. The business owner may progressively raise their supply and production capacity as the company starts to take off in terms of clients and popularity. This way one can expand their business.

Also read: How to Make and Sell Stickers Online: Ultimate Guide

61) Address Verification Services

Customers’ reported addresses are frequently subject to physical verification by banks, credit card firms, and mobile phone providers. They take this action to avoid defaults and fraud.  This low-investment industry is once more in demand today. To visit the client addresses that banks, as well as other service providers, have supplied, however, you will need a car and perhaps additional staff to run a verification business. Learn more about best small business ideas in India.

62)T-Shirt Printing Business

Young people today choose to wear T-shirts with fresh patterns and vibrant full prints. If you want to establish a small business and make some money, you may do it by printing T-shirts. T-shirt printing has grown to be a popular business option, especially for company owners searching for a startup with a minimal startup cost.

If you sell printed t-shirts online, you do not need to get a license.  Simply contact a reputable T-shirt supplier and manufacturer, develop and approve the designs, and begin collecting orders. Minimum staffing and equipment are needed for this. This company can be operated with small capital and little space.

63) Dry Fruit Business

Everyone enjoys eating dry fruits, whether they are young or old, and everyone uses them in their homes since they are so healthy. Due to the health advantages of dry fruits, dry fruit sales have been expanding in India through wholesale, home-based, retail, and internet channels. People choose to purchase dry fruits for adding to homemade delicacies and to enjoy the health benefits. They are now frequently given as gifts during holidays, making this a very successful business.  The dessert, baking, sweets, catering, dairy and confectionery, online grocery stores, and cosmetic sectors are some examples of the target markets for your dry fruits.

You may set up this one of the best small business ideas in India as a retail store, a home-based business, or an internet store depending on the availability of your location, your capital, and the scale of your operations.

Also Read: SpaceX Stock Price Chart Analysis

64) Pest and Fumigation Service

Fumigation Services Pest Control | AgriTech India 2018

Pest control and fumigation services are steadily rising to the top of the metro cities’ industries. Everyone desires a healthy lifestyle free from illnesses brought on by insects and mosquitoes. Thus, the pest control industry is a viable choice in major cities where people tend to hire pest control services for their homes and offices.

Gaseous insecticides are sprayed or poured into the affected region using fumigation services to get rid of bugs. Pests in the region are poisoned by fumigants or insecticides. This allows removing pests and insects from the premise which in turn is useful in preventing diseases and pest-related issues. To operate this firm, one must have a comprehensive understanding of the chemicals utilized in the process. One can hire a few staff and invest minimally to run a small business with limited investment.

65) Laundry Shop

Everyone enjoys dressing in clean, fragrant clothing. This company is for you if you are effective at offering quality washing services. With various residential setups, you may focus on a certain neighborhood and attract a regular flow of consumers. Several laundry services may be offered, including dry cleaning and ironing. To manage the task, you may also hire a few untrained laborers.

66) Cleaning Services

One of the best small business ideas in India that one can start with a low investment requirement is cleaning services. While everyone enjoys keeping their homes tidy, not everyone can do so. There may be a variety of causes for this. Because they both work in cities, the husband and wife do not have time to tidy their home or they may have any kind of physical inability to do the cleaning. To satisfy this demand, you can launch a house cleaning business. This type of company is generating significant income for a lot of people.

You might also launch a cleaning service for corporate offices and commercial spaces. You can offer cleaning services to small businesses and manufacturing facilities in addition to offices. Every organization has a lot of everyday responsibilities and work, which makes them quite dirty. You can make big money from a cleaning service if you start one and approach the right clientele.

Also read: 26 Best Business Ideas in Punjab To Try

67) Landscape Services

This is the most recent market and demand trend. Lawn care and landscaping can easily be on the list of successful small business ideas for startups and entrepreneurs with minimum capital investment.  Less equipment is needed for the landscape firm, which means lower costs. The majority of bungalow gardens or farmhouses focus on landscaping. They wish to have a well-planned garden on their land. Making these property owners call for professionals as and when needed.

They wish to have a well-planned garden on their land. Making them call for professionals as and when needed. Government projects also require a lawn designer. Therefore, there are many opportunities in this industry. If done correctly, running a landscaping business can be quite profitable in recent times as it is one of the best small business ideas in India.

68) Sign Boards Business

Cheapest Customised Neon Light & Name Plates Sign Boards | Neon Light Wholesale Market in Delhi|

Businesses and stores often utilize one of two types of signboards: painted or neon. Signboards are necessary for any type of commercial and small business enterprise. They play a significant role in promoting one’s company on a crowded street. The more appealing the board is, the more consumers it will draw in. There is a need for innovative, reasonably priced signboards that effectively promote the company. Creating and providing signboards of every kind to customers’ demands is a company that is in high demand all year round.

69) Mobile Phone Repair Shop

By the end of 2022, India has more than 800 million smartphone users. Furthermore, when more brands and less expensive alternatives hit the market, this number will rise tremendously shortly.   The need for stores and individuals that provide mobile phone repairs is thus anticipated to rise significantly. There will be a huge demand not only for repair work but also for the accessories for mobile phones like chargers, phone cases, headphones, etc., one can start a small business to meet this demand, which will provide complete servicing and repair along with an accessories store.

70) Tele Health and Medicine Service

Healthtech is another sector that is expanding quickly, much like finance. Since the Covid-19 outbreak, telehealth and virtual medical services, which are an essential component of health IT, have truly taken off. These services now offer comprehensive remote care services from appointments to prescriptions to drugs and follow-ups, all from a single platform. They are no longer merely limited to video conversations or video meetings between doctors and patients.

Without a doubt, this is one of the greatest and most lucrative business prospects for startups and small-scale business owners. Whatever telehealth services you choose to offer, pay close attention to compliance with laws and rules. Learn more about telemedicine regulations, and then develop a practical business strategy by taking everything into account.

Also Read: Vinovest Review: Diversify Your Portfolio with Wine

71) Horoscope and Palm Reading

It makes sense that this is one of India’s most popular low-investment enterprises. To print the horoscope, all you need is a computer with the necessary software, a printer, and beautiful paper. But in a country where superstitions are common, the demand for computerized horoscopes is still quite strong. The explanation is straightforward: People do not depend solely on computer findings. They demand a variety of horoscopes from various sources.

One can expand their business by offering palm reading services. In the practice of palm reading, a person’s destiny is foreseen by looking at his or her hands. A person with the expertise of palm reading can make a respectable income when paired with a horoscopy. Read on to know about best small business ideas in India.

72) Home Care for the Elderly

Seniors in need of care and patients in hospitals need carers. Especially when their family members are either out at work or are unable to meet their demands. In India, carer services are quickly gaining popularity. Home health care is exactly what it sounds like: a variety of medical treatments and/or services delivered from the comfort of the patient’s home rather than at a hospital bedside.

In general, home health care is less expensive and more practical, especially for elderly patients who prefer the convenience and comfort of receiving care at home. Elderly family members frequently choose to stay in their own homes but may require help due to a disability or physical limitations. This might be the elder care enterprise for you if it sounds to be something you’d like doing.

73) Interior Designing

Top 10 Interior Design Trends You Need To Know | Latest Home Ideas & Inspirations

You can work as an interior designer if you have a degree in architecture. India’s real estate market is expanding rapidly. By 2030, it’s anticipated to reach $1 trillion. Interior designers will always be in great demand in a market this young. This company might work wonderfully if you’re talented and have creative ideas for turning a house into a home. One can start small, choose more modest clients, and discover clients within their social circle as well. And over time, the firm might grow steadily.

Also read: 24 Best Franchise in India

74) Yoga Classes

Yoga is extremely popular these days, and a profession in it might help you start a successful business with little money invested. Yoga is said to provide both physical and mental calm. These days, a large number of individuals all around the world have switched to this practice due to its health benefits. It is a technique that promotes inner calm on a mental, spiritual, and bodily level.

More and more individuals are becoming health concerned in today’s hectic environment. In recent years, yoga has become quite popular both domestically and internationally. The moment is ripe to choose this business. To become a yoga instructor, one must first learn the techniques so that one can be a teacher. In India as well as internationally, yoga instructors are highly-paid and in high demand. To establish this business, a minimal investment and a good premise to hold the classes are required.

75) Stationery Shop

As we all know, there is a great deal of public awareness nowadays about the importance of education, and most boys and girls are now attending schools and universities to further their knowledge. By taking advantage of this chance, you may open a stationery business in your community for a very minimal initial cost that can operate anywhere.

Additionally, stationery includes items other than simple notebooks, sheets, and pens. Even in the era of laptops, tablets, and smartphones, papers and pens are still widely used in schools, universities, and companies. It is still preferable to print paper-based documents like resumes and holiday cards. You can easily establish a stationary store business if you wish to make money with very little investment. All you need to do is find the right location for the store where the number of probable customers is high.

76) Alternative Therapies Centre

Everyone’s lifestyle has altered in the modern day. People are experiencing a wide range of health issues as a result of the changes in working practices. People are engaging in less physical activities, which is contributing to health issues like back discomfort, neck pain, migraines, and stomach-related illnesses. You can open a center for alternative therapies as one of the best small business ideas in India. You can provide remedies for people’s health issues.

Acupressure, Magnet Therapy, Color Therapy, Aromatherapy, Naturopathy, and Sujok are just a few examples of the many different kinds of alternative therapies. You should have the required training, education, and expertise in these Therapies to launch this business. Additionally, there are a lot of courses available. All these methods of treatment are teachable.

77) Corporate Gift Printing Service

Cheapest Corporate Gifting Items | Customised Joinee Kit, Promotional Gift | Corporate Gift Supplier

India has a vibrant corporate giving tradition. It goes on all year long. Pens, wallets, mugs, and a broad variety of other items are presented as corporate presents to employees and business partners.  These goods often have the name and logo of the business printed on them. You can start this business with little capital if you have access to sufficient samples and contacts.  To show them a variety of your items, you will require their samples.

78) Women’s Store

Women utilize a wide variety of items and accessories, many of which they use regularly. You may open a store selling women’s goods and accessories. This type of products has a huge market. Indian women are always looking to purchase new and distinctive goods and items. In your store, you can sell a wide range of goods, including women’s bags, women’s scarves, beauty items, hair clips, hair bands, and other hair accessories.

One can also open a business selling women’s apparel. This market is predicted to grow to 170000 Crores. This market is expanding pretty quickly as in this industry, both supply and demand are enormous. You can also open a specialty shop, such as a wedding attire shop, saree store, traditional fabric store, etc. This can be a good way to earn money.

79) Used car and bike selling business

Everyone aspires to own a bike or a car, but not everyone has the money to purchase a brand-new vehicle. However, their earnings or savings might not be sufficient to purchase a brand-new car or bike. However, because used cars and bikes are less expensive, they may purchase them. To satisfy this market need, you may launch a firm selling used motorcycles and automobiles.

All you need to do is launch your business, and people who need to sell their used vehicles will approach you. Anytime a person wishes to purchase a used motorcycle or automobile, they can contact you. You can sell the bike or get a nice commission and can also make a good profit out of this idea of best small business ideas in India.

80) Fish Aquarium

Making $45K/Yr By Farming Fish in My Apartment | Side Hustles

Yet another modest company concept for Indian businesspeople. You may also start an aquarium company, which is lucrative. Fish serve as a lucky and financial sign.  People now want to have aquariums in their homes for luck and money, while some do it out of pleasure and as a pastime.

Depending on their budget, some people choose a little arrangement while others opt for a huge, fashionable one. Folks may put a wide variety of fish in the aquarium. The sale of aquarium components is another avenue for substantial financial gain. Customers spend a lot of money on aquarium décor, including aeration equipment, substrate, tanks, decorations, and fish food. If you’re interested in starting a fish aquarium business, simply learn the ropes and talk to some experts.

Also read: Fortune 100 Best Companies to Work For

81) Game Zone

The demand for game zones is highest among children and teenagers. It is an original small business concept for up-and-coming businesspeople. The hefty cost of these games prevents parents or guardians from spending so much money. Therefore they choose to bring their kids to gaming zones where they can play the games for a few hours costing much less comparatively.

You can choose to open a gaming parlor with a large initial investment or a low first investment and still make a decent profit afterward. Before starting this business, you must research the industry and understand what is popular with children. Before you start this business, you need to keep a lot of key factors in mind, such as the type of machinery, the market, the procedure, the licensing and registration requirements, business risk, etc.

82) Common Service Centre

The Indian government offers a wide variety of services. These services are widely available online. Therefore you can set the CSC or common service center to help people complete these services. This is one of the best small business ideas in India which comes with a government backup. This is a place where you can provide a wide range of online services to other people, including Aadhar Cards, PAN Cards, train ticket booking, electricity bills, government schemes, government documents, some licenses, insurance, agricultural services, etc.

In India, this is a very lucrative low-investment business idea. At csc.gov.in, you can discover all the information you need to open a CSC center and for registration as well.

83) Manpower supplying business

Every firm needs extra workers practically every day. This is especially true for restaurants, which have significant worker attrition rates. Cooks and waiters frequently quit unexpectedly or just stop working. The proprietor of the firm is severely inconvenienced by this. On occasion, homes also need help with cleaning. With a little creativity and little capital outlay, you may assist restaurants in solving their labor issues and generate respectable revenue virtually every day.

84) Personality Development Classes

Top 10 Personality Improvement Skills | Ranveer Allahbadia

Everybody desires a positive personality. Both personally and professionally, having a positive attitude is tremendously advantageous. You can start a class for personality development. Such courses are highly sought after in the industry and hence one can say that these classes are one of the best small business ideas in India. This program will prepare you for your interview if you are looking for work. This course might be useful for business and marketing professionals as well. You can teach a variety of skills in this program, including public speaking, stage daring, and communication skills. Find a space for the classes or you can also choose online teaching mode to save more money.

Also Read: How do TV Shows Make Money? 11 Best Ways

There are several other low investment business opportunities that you might consider to start a business in India. Even plentiful investment in a small business might not be enough if your strengths and skill set do not match your criteria. After analyzing and evaluating these aspects, choose a business to run.

It is advisable to know all the legalities and licensing procedures before jumping into the pool. Always remember, a very little experience may also help.

Now that you have all the above mentioned small but high return business ideas, are you still waiting for something?

Best wishes for your new startup!

Sushma Singh

Sushma Singh

Sushma is an expert in online money-making strategies with extensive experience in business. She has spent a lot of time researching and writing about the ever-changing world of money-making games and websites, making her an expert at finding ways to make money online. Her work, largely based on research and useful information, helps both new and experienced gamers and business owners.

Share this post on social

4 thoughts on “80 best small business ideas in india”.

' src=

Thanks for sharing small business ideas

' src=

Almost all of these ideas are easy to implement and develop into a multimillion dollar business if the person develops the right attitude. Startups usually lack persistence and patience and most of them quit just a few steps from attaining results.

' src=

Thank your sharing valuable business ideas.

Comments are closed.

Related Posts

100 Most Influential Companies

Time’s 100 Most Influential Companies

How to start a business with no money

How to Start a Business with No Money

What companies are in the health care field

What Companies are in the Health Care Field

  • Generative AI
  • Office Suites
  • Collaboration Software
  • Productivity Software
  • Augmented Reality
  • Emerging Technology
  • Remote Work
  • Artificial Intelligence
  • Operating Systems
  • IT Leadership
  • IT Management
  • IT Operations
  • Cloud Computing
  • Computers and Peripherals
  • Data Center
  • Enterprise Applications
  • Vendors and Providers
  • Enterprise Buyer’s Guides
  • United States
  • Netherlands
  • United Kingdom
  • New Zealand
  • Newsletters
  • Foundry Careers
  • Terms of Service
  • Privacy Policy
  • Cookie Policy
  • Copyright Notice
  • Member Preferences
  • About AdChoices
  • E-commerce Affiliate Relationships
  • Your California Privacy Rights

Our Network

  • Network World

Mobile | News, analysis, features, how-tos, and videos

Image

Apple's mutating supply chain sees winners and losers

Shifting manufacturing centers are generating fresh challenges.

Image

A crafty new Chrome power-up

Image

Your new Android home screen command center

India is getting in on the iphone sideloading act, goodbye, gemini: a sanity-saving google search switch, gemini is the new google+, adobe express enterprise is where iwork could boldly go, does apple want to lower genai expectations for wwdc, review: the m4 ipad pro — an amazing ai pc, 25 great uses for an old android device.

We all love getting new gadgets, but what to do with the old ones? Here are 25 clever ways to put your old Android phone or tablet to good use.

The mobile, distributed, future of work

Michael Covington, Jamf's vice president for product strategy, has some thoughts on the complex changing workplace.

The brilliant Android breakthrough you didn’t hear about at Google I/O

This Android innovation has nothing to do with Android 15, Gemini, or anything connected to AI. But it may be the most exciting and potential-packed news coming out of Google all week.

Apple reports on its forever war against App Store fraud

Apple prevented over $1.8 billion worth of potential fraud in 2023 alone — that’s up 20% in four years.

Microsoft looks to ease the shift to hybrid work with its Places app

The company is one of several software vendors that have identified the difficulty of coordinating flexible work patterns; Places is positioned as a tool that can encourage more in-person interactions.

An awesome Android audio upgrade

Whether you're dealing with mumblings from meetings, noises from notifications, or music from commute-time streaming, you've never experienced sound on your phone like this.

Strict return-to-work policies may be driving tech workers away

In-office mandates aren’t great for employee retention, according to a university study that gathered data from workers at Microsoft, Apple and SpaceX.

Apple Silicon sets scene for a new AI ecosystem

With its new iPads, Apple presses home the message that Apple Silicon is built for AI.

Why Google's Pixel 8a may be the most important phone of 2024

Don't be fooled: This unassuming midranger holds some outsized significance for Android and for you — regardless of whether you ever intend to buy it.

How many jobs are available in technology in the US?

Tech unemployment was down slightly in April, but AI hiring was up — way up. And job listings showed more signs of a shift in recruiting practices with a growing emphasis on skills-based hiring.

Apple earnings: About that iPhone 'slump' in China

Based on information from Thursday's earnings report, it seems that data pointing to an iPhone slump in China were over-baked.

Apple confirms it will open up the iPad in Europe this fall

The latest efforts to comply with Europe’s Digital Markets Act mean developers can offer to side load apps to both iPhones and iPads in the EU. Apple has also taken steps to improve what it offers to smaller and non-commercial developers in the EU.

Industry Insider: Neostella for Telecommunications

Learn how Work-Relay by Neostella helped Uniti Fiber increase installation times by 40%!

The post Industry Insider: Neostella for Telecommunications appeared first on Whitepaper Repository – .

Image

2023 global severance research

Image

Bringing Postgres, Intel, and HammerDB Together for Cost-Effective Cloud Data Platforms

Image

Video on demand

Why computing now feels like ‘disposable technology’.

As computing has developed over the past four decades, we increasingly see products designed to be more ‘disposable’ rather than upgradeable or made to last longer. However, there are still bright spots within the ecosystem that allow consumers to get more out of their devices or extend their life. Keith chats with Larry O’Connor, founder and CEO of Other World Computing, about these issues, as well as how improving speeds through cables and connectors enabled more external products such as storage (and why Keith needs to backup his data more often).

Image

The AI hype squad hits some major bumps

Image

Why are people still bad at video calls?

Image

Will new AI tools create a better Siri or voice assistant?

Explore a topic.

  • View all topics

Show me more

Within two years, 90% of organizations will suffer a critical tech skills shortage.

Image

Google partners with Magic Leap on mixed reality development

Image

Microsoft OneDrive cheat sheet: Using OneDrive in Windows

Image

Podcast: Why computing now feels like ‘disposable technology’

Image

Podcast: The AI hype squad hits some major bumps

Image

Is AI crushing creativity, or creating mediocrity?

Image

Why AI hallucinations are here to stay

Image

Elon Musk lays off Supercharger team

Image

Business Standard

  • Personal Finance
  • Today's Paper
  • T20 World Cup
  • Partner Content
  • Entertainment
  • Social Viral
  • Pro Kabaddi League

Caspian Corporate Services consolidated net profit rises 3064.29% in the March 2024 quarter

Image

Disclaimer: No Business Standard Journalist was involved in creation of this content

Caspian Corporate Services consolidated net profit rises 940.00% in the December 2023 quarter

Tata consultancy services consolidated net profit rises 9.15% in the march 2024 quarter, mas financial services consolidated net profit rises 23.28% in the march 2024 quarter, motilal oswal financial services consolidated net profit rises 338.96% in the march 2024 quarter, computer age management services consolidated net profit rises 38.72% in the march 2024 quarter, denim developers consolidated net profit declines 83.56% in the march 2024 quarter, spml india reports consolidated net loss of rs 0.04 crore in the march 2024 quarter, sri narayan raj kumar merchants reports consolidated net loss of rs 0.22 crore in the march 2024 quarter, bihariji ispat udyog reports consolidated net loss of rs 1.03 crore in the march 2024 quarter, beekay steel industries consolidated net profit rises 85.27% in the march 2024 quarter.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 31 2024 | 3:17 PM IST

Explore News

  • Suzlon Energy Share Price Adani Enterprises Share Price Adani Power Share Price IRFC Share Price Tata Motors Share Price Tata Steel Share Price Yes Bank Share Price Infosys Share Price SBI Share Price Tata Power Share Price
  • Latest News Company News Market News India News Politics News Cricket News Personal Finance Technology News World News Industry News Education News Opinion Shows Economy News Lifestyle News Health News
  • Today's Paper About Us T&C Privacy Policy Cookie Policy Disclaimer Investor Communication GST registration number List Compliance Contact Us Advertise with Us Sitemap Subscribe Careers BS Apps
  • ICC T20 World Cup 2024 T20 World Cup 2024 Schedule Budget 2024 Lok Sabha Election 2024 IPL Points Table 2024 T20 World Cup 2024 Points Table

computer sales and service business plan in india

  • Share full article

Advertisement

Supported by

China Has a Plan for Its Housing Crisis. Here’s Why It’s Not Enough.

A new approach by China’s top leaders is bold but pales against the problem: a vast number of empty apartments no one wants to buy.

The abandoned shells of several unfinished apartment towers with weeds growing in a path between them.

By Alexandra Stevenson

Reporting from Hong Kong

China has a housing problem. A very big one. It has nearly four million apartments that no one wants to buy, a combined expanse of unwanted living space roughly the area of Philadelphia.

Xi Jinping, the country’s leader, and his deputies have called on the government to buy them.

The plan, announced last week, is the boldest move yet by Beijing to stop the tailspin of a housing crisis that threatens one of the world’s biggest economies. It was also not nearly enough.

China has a bigger problem lurking behind all those empty apartments: even more homes that developers already sold but have not finished building. By one conservative estimate, that figure is around 10 million apartments.

The scale of China’s real estate boom was breathtaking. The extent of its unrelenting bust, which began nearly four years ago, remains vast and unclear.

China’s leaders were already managing a slowdown after three decades of double-digit growth before the housing crisis created a downturn that is spiraling out of their control. Few experts believe that Beijing can transition to more sustainable growth without confronting all those empty apartments and the developers that overextended to build them. All told, trillions of dollars are owed to builders, painters, real estate agents, small companies and banks around the country.

After decades of promoting the biggest real estate boom the world has ever seen, and allowing it to become nearly one-third of China’s economic growth, Beijing stepped in suddenly in 2020 to cut off the easy money that fueled the expansion, setting off a chain of bankruptcies that shocked a nation of home buyers.

It was the first test of Beijing’s determination to wean China’s economy off its decades-long dependence on building and construction to sustain the economy.

Now the government is confronting another test of its resolve. To stop the excesses of the past, it signaled over the last few years that no real estate company was too big to fail. But as dozens of big developers have gone bust, they have obliterated any confidence that remained in the housing market. Officials have since tried everything to restore optimism among buyers. Nothing has worked.

With few buyers, developers that are still standing are also on the brink of default. And they are intricately connected to local banks and the financial system that underpins the government in every village, town and city. One recent estimate, from the research firm Rhodium Group, put the real estate sector’s entire domestic borrowings, including loans and bonds, at more than $10 trillion, of which only a tiny portion have been recognized.

“Right now, not being able to sell homes looks like a risk, but it isn’t. More developers going bankrupt is,” said Dan Wang, chief economist at Hang Seng Bank. The first big developers to default, like China Evergrande, were problems hiding in plain sight.

Evergrande’s initial default in December 2021 set off fears of China’s own “Lehman moment,” a reference to the 2008 collapse of Lehman Brothers, which set off a global financial meltdown. The fallout, however, was carefully and quietly managed through policy support that let Evergrande finish building many apartments. By the time a judge ordered the company to be liquidated five months ago, Evergrande had effectively ceased being a viable business.

But China has tens of thousands of smaller developers around the country. The only way for officials to stop the free fall in the market, Ms. Wang said, is to bail out some midsize developers in cities where the crisis is more acute.

China’s top leaders are instead refocusing the lens to address the millions of apartments that no one wants to buy, pledging to turn them into social housing at lower rents. They have committed $41.5 billion to help fund loans for state-owned companies to start buying unwanted property — altogether equivalent to eight billion square feet, of which a little more than four billion square feet is unsold apartments, according to the National Bureau of Statistics.

When Beijing’s response was announced last week, shares in developers initially rallied. But some critics said the initiative had come too late. And most speculated that it would take a lot more money. Estimates ranged from $280 billion to $560 billion.

Officials in Beijing began softening their approach last year. They directed banks to funnel loans and other financing to dozens of real estate companies they deemed good enough to be on a government “white list.”

The support was not enough to stop housing prices from crashing.

Policymakers pulled other levers. They made their biggest cut ever to mortgage rates. They tried pilot programs to get residents to trade in old apartments and buy new ones. They even offered cheap loans to some cities to test out the idea of buying unsold apartments.

In all, local authorities tried out more than 300 measures to increase sales and bolster real estate companies, according to Caixin, a Chinese economic news outlet.

Still, the number of unsold homes continued to reach new levels. Prices of new homes kept falling. So at the end of April, Mr. Xi and his 23 top policymakers began to discuss the idea of taking some of those unwanted apartments off the market in a program not unlike the Troubled Asset Relief Program , which the U.S. government set up in the wake of the American housing market crash.

Last week, China’s most senior official in charge of the economy, Vice Premier He Lifeng, convened an online gathering of officials from across the country and delivered the news: It was time to start buying apartments. Not long after, the central bank loosened rules for mortgages and the central bank promised to make billions of dollars available to help state-owned companies buy apartments.

The move underscored just how worried the government had become about the dysfunctions in the housing market.

Yet almost as soon as state media reported Mr. He’s call on local governments to buy unsold apartments, economists started asking questions.

Would local governments be expected to buy all the unsold apartments? What if they, in turn, could not find buyers? And there was the price tag: Economists calculated that such a program should be in the hundreds of billions of dollars, not tens of billions.

More worryingly, to some, the central bank had already quietly started an apartment buyback program for eight hard-hit cities, committing $14 billion in cheap loans, of which only $280 million had been used. Those governments did not appear to be interested in using the loans for the same reason that consumers did not want to buy houses in smaller cities.

One big difference now, said John Lam, the head of China property research at UBS, the Swiss bank, is political will. The country’s most powerful leaders have said they stand behind a buyback plan. That will put political pressure on officials to act.

“The local government can acquire the apartments at a loss,” Mr. Lam said.

Yet in places where the population is shrinking, which are some of the same cities and towns where developers expanded most aggressively, there will be little need for social housing projects.

The optimistic view is that Beijing has more planned.

“Beijing is headed in the right direction with regard to ending the epic housing crisis,” Ting Lu, chief China economist at the Japanese bank Nomura, wrote in an email to clients.

The task, he added, was a daunting one that required “more patience when awaiting more draconian measures.”

Alexandra Stevenson is the Shanghai bureau chief for The Times, reporting on China’s economy and society. More about Alexandra Stevenson

IMAGES

  1. How To Make Business Plan In India

    computer sales and service business plan in india

  2. A Simple Guide on Writing a Business Plan in India

    computer sales and service business plan in india

  3. Computer Sales and Service Business Plan

    computer sales and service business plan in india

  4. Business plan for Computer shop

    computer sales and service business plan in india

  5. Computer Sales And Service, North East, Rns Infotech Llp

    computer sales and service business plan in india

  6. Computer Sales and Service Business Plan

    computer sales and service business plan in india

VIDEO

  1. How to Start a Remote Customer Service Business

  2. How to Start a Limousine Service Business

  3. Top 10 JOB for High Income 💸💸| दस जॉब जो देती High INCOME

  4. High Demand Jobs in India 2023 Your Fut 2023

  5. How to Start a Courier Service Business

  6. How to Start a Courier Service Business

COMMENTS

  1. Guide To Start Computer Repair Shop In India

    If you plan to operatefrom within a storefront, you will have to consider factors like rent inaddition to the mobility of the customer service personnel. Also Read: Tips To Open A Computer Business. Finances. For ahome-based computerservice centre, you mayhave to invest anywhere between ₹1.25- ₹2 lakhs.

  2. How To Start A Computer Shop Business In India

    The key steps for starting a computer shop business in India are finding commercial space, obtaining licenses and registrations, setting up your office equipment, and marketing your business. You will also need to make sure you have adequate financing in place. 12).

  3. Computer Sales & Service Business Plan [Sample Template for 2022]

    If YES, here is a complete sample computer sales & services business plan template & feasibility report you can use for FREE. According to a recent report, computer sales and related services are expected to exceed $47 billion this year in the U.S. alone, with computer servicing leading the way. This goes to show that any entrepreneur who ...

  4. How to Start a Computer Business: 11 Steps (with Pictures)

    As a small business, you're not likely to be able to match the prices of your larger competitors — the personalized service you offer needs to offset this disadvantage. 3. Build your brand identity. A new computer business, like any other small business, needs to make a quick and lasting impression in order to survive.

  5. How to Start a Computer Shop Business in India?

    To summarize, starting a computer shop business in India is a challenging but potentially lucrative proposition. One needs to have a good understanding of the market, a sound business plan, and a good amount of capital to start this business. With the right mix of products and services, a computer shop can become a successful and profitable ...

  6. How to start a computer sales and service business in india

    For The Computer sales and Service business it is highly recommended to operate business as a Pvt Ltd Company Registration or Partnership. After You have made choice of business entity , you should approach a legal Service provider or Ca, Cs and Icwa Firm to get Business registration . The Documents that you require are Pan Card , Aadhar Card ...

  7. How to Start a Computer Business from Scratch

    Also Read: Everything You Need to Understand About Starting a Computer Repair Business. 2. Begin with a Business Plan for the Best Computer Business. In order to start a computer business, one must be able to demonstrate the process of disassembling and assembling the computer, other components of the computer like rower connections, and so on.

  8. Computer Repair Business Plan Template

    For example, give a brief overview of the computer repair industry. Discuss the type of computer repair business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team.

  9. Computer Repair Business Plan Example

    PC Repair has decided to focus mainly on the small business market, as these customers typically don't have a full-time IT person, but have full-time IT needs. PC Repair will offer an affordable, on-demand service for these customers. We can also offer maintenance agreements that generate additional monthly income.

  10. Starting A Computer Repair Business! [Computer Repair Shop Guide]

    Informally, promoting a computer repair business through the salesmen that work in such showrooms can go a long way in adding a new set of customers to the business. 4. Gather important certifications. While certification isn't necessary to run a computer repair business in India, certain certifications add value to the business owner and ...

  11. How To Start A Computer Company?

    The first step in opening a computer showroom is to develop a detailed business strategy from the ground up. A plan should include every detail, from the smallest to the most important. You can start by defining the purpose of opening a computer salon. The next step is to answer questions such as how much money you are willing to invest and ...

  12. How To Start Electronic Shop Business in India In 9 Steps

    Without a doubt, one of the best small business ideas to start in India is a mobile shop. A well-run Mobile Shop earns an average net profit of 20% on daily sales. Make sure you build a solid business plan that includes all of the details on how to start a mobile shop. Best wishes for your new venture!

  13. How To Open A Computer/Laptop Showroom: A Detailed Guide

    The demand for computers and laptops is at an all-time high. If you are looking to bank on this demand by starting your computer showroom, you have come to the right place. Read on to know everything about how to open a computer/laptop showroom with the following simple steps. Make A Business Plan. Everything about a business starts with a plan.

  14. Computer Assembling Business

    Pay attention to crafting a computer-assembling business plan. Identify the niche segments in starting. Plan about how you will be going to find customers. Determine how you will be going to compete with other established organizations in the same field. Calculate, how much cash you need to start and survive the business for at least 6 months.

  15. Computer Support Business Plan Example

    P36,549. P71,702. P106,946. P142,281. Download This Plan. Explore a real-world computer support business plan example and download a free template with this information to start writing your own business plan.

  16. Top 10 Profitable Electronics Business Ideas In India

    Here are several compelling reasons why starting a CCTV camera retail business is one of the best electronics business ideas in India: Rising Demand for Security. Increasing Adoption of Surveillance Systems. Home Security Market. Commercial and Industrial Applications.

  17. Project report for Computer sales & service

    The Indian computer industry has registered significant growth in recent years. The hardware business or computer assembly business is growing at a rate of 12-18 % a year in India. Just as mobile phones, the computer is also an integral part of daily life. Branded computers are costly and unable to get in a customized configuration.

  18. Computer Sales and Service Business Plan

    Computer Sales and Service Business Plan. $34.99. Write a business plan for a computer sales and service center with this downloadable Business Plan template. This business plan template can be used by either a start-up company or an existing business. The template includes a market analysis and marketing strategy, as well as a 3-year financial ...

  19. Guide To Start Computer Repair Shop In India

    The increasing upside in educating people online, especially in the rural areas and urban areas, has triggered many opportunities for individuals who are desirous of starting a computer repair business. Did you know? You can start a computer sales and repair service business from your home with as small an investment as ₹1.5 - ₹2.25 lakhs.

  20. How to Start a Successful Computer Repair Business

    Introduction. Step 1: Build up your savings. Step 2: Create a business plan for your computer repair business. Step 3: Finance your computer repair business. Step 4: Choose a location. Step 5: Set your pricing for your computer repair services. Step 6: Get your computer repair and IT certifications.

  21. How To Write a Business Plan in 9 Steps (2024)

    Once you have your business plan template in place, it's time to fill it in. We've broken it down by section to help you build your plan step by step. 1. Draft an executive summary. A good executive summary is one of the most crucial sections of your plan—it's also the last section you should write.

  22. 9 Business Plan with Examples and Format (2023)

    An example to describe the market analysis in the business proposal template for an organic healthy food product's start-up will be like this: "The health food industry in India is rapidly expanding, with a compound annual growth rate (CAGR) of 20% and an expected CAGR of 16% by 2026, equivalent to $30 billion.

  23. 80 Best Small Business Ideas in India

    1) Content Writer and Blogging. If you have a strong command over your writing style and reading skills, you can very smoothly utilize your skills to get yourself earn a decent income. It has become a profitable business not only in India but across the world. You get paid on every word you write for your clients.

  24. How To Start A Business In 11 Steps (2024 Guide)

    The best way to accomplish any business or personal goal is to write out every possible step it takes to achieve the goal. Then, order those steps by what needs to happen first. Some steps may ...

  25. Mobile

    The mobile, distributed, future of work. Michael Covington, Jamf's vice president for product strategy, has some thoughts on the complex changing workplace.

  26. PwC Set to Become OpenAI's Largest ChatGPT Enterprise Customer

    Share. Resize. Listen. (2 min) Accounting and consulting giant PricewaterhouseCoopers last year announced plans to invest $1 billion in generative artificial intelligence in its U.S. operations ...

  27. Caspian Corporate Services consolidated net profit ...

    Net profit of Caspian Corporate Services rose 3064.29% to Rs 4.43 crore in the quarter ended March 2024 as against Rs 0.14 crore during the previous quarter ended March 2023. Sales rose 3660.00% to Rs 24.44 crore in the quarter ended March 2024 as against Rs 0.65 crore during the previous quarter ended March 2023.

  28. China Has a Plan for Its Housing Crisis. Here's Why It's Not Enough

    China has a housing problem. A very big one. It has nearly four million apartments that no one wants to buy, a combined expanse of unwanted living space roughly the area of Philadelphia. Xi ...