An entrepreneur, housewife or a major start of a big volume business, an SME require first and foremost identification of strength and skill to start a business. Basing on skill and strength, a fine product is selected. Product selling requires a perfect business plan to make a business success. For instance, a computer hardware engineer is interested in setting up computer accessories business, viz., keyboards, mouse, modems, monitors, CPU, web cameras etc., Evidently, computers are rocking working places in these technology times, where even homes have become offices which means that a business of computers and accessories is ideal for a computer professional . Essentially, a perfect and well-written business plan is the basic requisite to materialize the business plan.
Selection of product
Legal structure whether proprietary, partnership or an Inc.,
Marketing (a) target of audience (b) method of marketing (c) competitors
Description of business
Pricing and distribution
Products and services
Resources of Capital
Location of area for business
Target of sales
Monthly income and expenditure statement
Preparation of monthly financial statements
Method of Accounting
Actual performance vs targets
As a computer engineer, can commence computer accessories business with the above business plan, initially by visiting homes, offices or introducing email letters to make an entry into the market for selling products and once business clients have begun to increase, concentrate to move products at a fast pace with reasonable pricing. Maintenance of quality product, timely delivery is very essential in selling computer products. A contract agreement of dealership with MNCs viz., Microsoft, Intel, Dell, Lenovo, Samsung, can be entered in order to market the products either as a dealer or a distributor. This will prove to be the strength for a new entrant as associated with multinationals which would encourage dealers to market the company’s products as a long-term selling.