In order to commence computer accessories business as an SME, apart from business plan, a perfect financial plan is also required. It is also clear most of the multinational computer companies would be willing to extend a distributor or a dealership contract to market computer products in the status of SME. Therefore, if five companies of computers award dealership to market products, the following financial plan is required :
How to meet with?
Capital : $1.00 million
Approach U.S SBA or VC with BP.
Computer MNC companies
Microsoft, Dell, Intel, Lenovo, Apple, Samsung
VCs, CPAs, U.S SBA
Duration of working
6-12 months to commence business
Consult CPAs to project cash flow, business valuation, income and expenditure statement and projected Balance sheet for first year of commencement of business.
CPA/VC for primary investment, allocation of hedge funds, budget for marketing and advertising.
A view on future of business
Business experts and consultants.
Include personal views experiences of VC/CPAs, whose guidance added to the success of business plan.
Internet offers maximum opportunities to acquire business skills and ready-made software packages for those who can understand and use it in progressive direction to maximize profits. Very few would possess such extraordinary talent and skill to materialize business packages. In fact there are library sources, e-books, web sites and sample business plans, software solutions to commence business. These are all the sources of e-learning. Planning, marketing, advertising are made easier, a much difficult task is obtaining financial loan which necessitates the guidance of a financial expert. Such investing need is fulfilled by Venture capitalists who are reliable sources for new entrants into the business.
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In the present project of computer business, it is not required to set up plant and machinery as the main goal of business to market peripherals and accessories. It is only required to undertake sale on a massive scale through web sites, tele marketing and through interaction with customers by setting up of a show room. The growing demand for computer peripherals has to be tapped with by meeting the requirements of customers and satisfy with quality products. Entrepreneur must make extra efforts to analyze the market for products and inform MNCs about the developments and trend in the market, by understanding the mindset of a customer who purchases goods. Product selling alone does not build business whereas interaction, feed back from customer, attending to complaints, service to customer, quality etc., also build reputation of business. For e.g. Logitech mouse and optic mouse are branded and have earned customers favor just as Laptops from IBM, Intel, Lenovo, Thinkpads from HP have a large pool of customers and the demand for computer is on the rise and expected to rise at a fast pace all over the world. Therefore, identifying a product that is required by market, turning the opportunity into business and maximizing the business opportunities into profits is an exceeding art of business which can be framed only by individuals who possess smart and bright skills of business carrying both a vision and a mission.
Execution of all the modules is a step-by-step process and each of its performance must be well documented and filed for reference.
Entrepreneur must receive satisfaction in execution of business and financial plan.