Computer Networking Business Plan for Company - Techforearn

Computer Networking Business Plan for Company -Techforearn

Computer Networking Business Plan for Company

Overview

In this Blog / article you will learn to manage all important arrangements to start a new business including finance management, hiring staff, arranging Business polices and necessary arrangement of tools and equipment etc. After completion of this Article, you will be able to design a proper Business plan keeping in mind all important aspects.

Computer Networking Company and Regulations

One of the decisions is to determine the legal form of ownership of an enterprise / business /firm. Few possible options are:

                Sole Proprietor:

A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one person and in which there is no legal distinction between the owner and the business. The owner is in direct control of all elements and is legally accountable for the finances of such business which may include debts, loans, loss etc.

Partnership:

The partners in a partnership may be individuals, businesses, interest-based organizations, schools, and government.

 Computer Networking Business: Limited Company

In a limited company, the liability of members or subscribers of the company is limited to what they have invested of guaranteed to the company. Limited companies may be limited by shares or by guarantee. The former may be further divided into public companies and private companies. Who may become a member of a private limited company is restricted computer networking company rules? In contrast, anyone may buy shares in a public limited company.

Limited companies can be found in most countries, although the detailed rules governing them vary widely. In Pakistan companies may incorp [orate with Security and Exchange Commission of Pakistan (SECP).

Computer Networking Business: Understanding Finance

Money that the owner puts into the business is called equity capital.

Equity Capital is the owner’s investment in the business. Borrowing needed capital for the business is called credit or debt financing.

Where can equity capital be obtained?

1.      Personal savings

2.       Friends and relatives 

1.       Partners. The owner may form a partnership with one or more individuals to obtain equity capital to initiate the business

Corporation. It is possible to incorporate the business (as a company or a corporation) and sell stock to raise equity capital computer networking business

Where can credit or debt financing be obtained?

1. Banks
2. Finance companies
3. Government’s agencies (with loan schemes)
4. Trade credit. Suppliers extending credit terms for equipment, inventory, etc. allow the business to begin generating sales before payment is due
5. Microfinance institutions

How will the capital be used?

In Financing a new business, first determine your specific needs for money. To help your money needs, three group of costs and expenses are examined: start-up costs, operating expenses, and personal expenses.

A.      Start-up- costs: Expenses that occur one only when starting the business. Once computer networking company is started, you may never have these expenses again. Some examples of start-up costs include:

hk·         Fixtures and equipment

·         Initial inventory

·         Deposits for rent and utilities

·         Business licenses and permits

·         Certain legal fees and

·         Advertising for the grand opening. A.     

Operating expenses: until there is enough profit to keep the business running, money will be needed for operating expenses. Example of operating expenses include inventory, supplies, advertising, payroll, taxes, wages, repairs and depreciation of equipment, insurance, monthly rent, and utilities.

Personal expenses: these include costs that are necessary for you to live. You need money for personal expenses such as rent or mortgage payments, food, transportation, insurance, clothing, utilities, medical bills, and entertainment. computer networking company

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Considerations in Applying for Business Loan:

Different lending institutions have different procedures which must followed by the loan applicant. It is necessary to understand the following factors that are taken into consideration when a banker is apprising a loan application.

·         Type of loan

·         Purpose of the lone:

·         Credit worthiness and integrity of the borrower.

·         Capability

·         Repayment period

·         Security

·         Guarantors

·         Business plan:

Managing Resources for Computer Networking Business

Most marketing experts recommend that computer networking company spend anywhere from 2 to 5 percent of their gross sales on advertising.

You too can take advantage of free ways to reach potential customers and advertise your business.

·         Marketing Online

1.       Use Tweeter

2.       Create Facebook page

3.       Create an account

4.       Create Blog

·         Using Local Media

1.       Write Press Releases

2.       Contact Columnist

3.       Work for Charity

·         Networking

1.       Build Partnership

2.       Join Community Organization

3.       Host seminars, workshops

Managing Computer Networking Business

1)      Every business sells some type of product or service to people.

1. Potential customer can be described as:
2. People who need or want the product or service.
3.   People who can buy the product or service.
4.  People who are willing to buy the product or service.

Competition must be considered. If competitor is serving the same market, it must be decided if the market is large enough to support another computer networking company. It should also be determined how the product or service is unique and different from that of the competitors.

1)      What should entrepreneurs know about potential customers?

1.       Know the customers: The market can be segmented either by dividing it into meaningful buyer groups or dividing it according to characteristics such as age, sex, marital and family status, employment, income and trends regarding any of these characteristics. 

1.       Know what different customer groups want: By segmenting the marketing into groups, it is easier for entrepreneurs to computer networking business what products or services each group, wants or needs.

2.       Know when the customer buys: Entrepreneurs need to find out where the customers in their market are presently buying.

3.       Know when the customer buys: By knowing when customers buy (daily, weekly, monthly, yearly, or seasonally)

4.       Know how the customer buys: Knowing how the customer pays for products and services can help the entrepreneur to determine a credit policy as well as a pricing policy for the business.

5.       Customers with disabilities: Business benefit when they give customers with disabilities an equal opportunity to obtain their goods and services. For examples, easy access to building benefits people with disabilities, plus other with baby strollers, or doing deliveries, etc.…

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Computer Networking Company

1         Where can customer information be located?

Customer information can be obtained from trade association (publications), chambers of Commerce, government agencies (including local government) newspapers and magazines, the internet, and individual research by conducting a market survey in the community.

1         What is the marketing concept?

Marketing is because: business policies and activities should be focused on satisfying customer needs and profitable sales volume is primary goal.

1.       Determine the needs of their customers (market research).

2.       Analyses their competitive advantages (marketing strategy).

3.       Select specific markets to serve (target marketing); and

4.       Determine how to best satisfy those needs (marketing mix).

Computer Networking Company: Search for Premises

Specify your Premises Requirement

Drawing up a list of what you need from your premises is a good way to start your search. This list might include the following points:

ü  Size and layout of the premises

ü  Structure and appearance, both internally and externally

ü  Any special structural requirement, such as high callings

ü  Facilities and comfort for employees and visitor including lighting, toilets and kitchen facilities

ü  Utilities, such as power and drainage, water and any special requirement for example 3-phase electricity.

ü  Access and parking space – for deliveries or customers, including disabled customers

Computer Networking Company: Start-Up Capital

Investment                     Rs. 0.325 million

Working Capital             Rs. 0.075 million

Total (Rs. 0.100 million / Partner)

Your choice of premises will also depend on your budget. Whether you rent or buy. Costs can include:

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