TECHNOLOGY STARTUP BUSINESS PLAN GUIDE
The technology industry is an industry that requires huge capital. It is also an industry that requires a lot of skill before it can be delved into. Setting up a technology business is definitely a great idea.
This is because the society in which we live is powered by technology. The technology business is a business that we will always see being set up. This is because as long as people live on earth, there will always be a need for technology.
If you are interested in starting a technology company, we believe you already know the requirements. Well, just like every other business, you will need a business plan.
If you are not sure how to write a business plan for a technology business, then you are on the right page.
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This article contains a technology business plan sample. This will be of help to you if you are looking to write a technology business plan.
Here is a sample business plan for starting a technology-based business.
Business Name: Colab Technology Company
- Executive Summary
- Our Products and Services
- Vision Statement
- Mission Statement
- Business Structure
- Market Analysis
- Sales and Marketing Strategy
- Financial Plan
- Competitive Advantage
Colab Technology Company is a registered technology firm and will be based in Miami, Florida. This technology firm is owned by Terry Cole and Jakes Donald.
With over 50 years’ joint experience in the technology industry, the owners of this company are looking to become some of the most successful business people in this industry.
Both Terry and Jakes have worked at the highest level in the technology industry. They are bringing their wealth of experience to Miami, Florida to start what they term “the most successful startup of the decade”.
Just like most technology businesses, Colab Technology Company will be set up with $500,000. Although this is quite a huge amount of money, we have already come up with 45% of the money.
We will borrow the remaining amount from the bank.
Our Products and Services
At Colab technology Company, we will make available the technology that businesses need to have a smooth daily operation.
By making use of the most recent technological discoveries and innovation, we are looking to bring to the table the expertise that businesses in our catchment area need to operate successfully.
Some of the products and services that we will make available to businesses include;
- File Storage
- Information Security Service
- Maintenance of IT equipment
- Web Development
- Web Hosting
- Network Design Solutions
- Computing Design Solutions
At Colab Technology Company, our vision is to become a yardstick for measurement in the technology industry.
We want to make Colab Technology Company one of the most sort after tech companies in Miami, Florida and the entire United States.
The mission of Colab Technology Company is to make available to businesses the most recent discoveries and innovation in the technology world.
We are also interested in providing technical trainings for the IT departments of top firms in Miami, Florida and the United States.
Beyond offering top quality services to businesses, we are also looking to make very good profits and to also make it to the very top in this industry.
Over the years, there has been a steady move of businesses form analog operations to digital operations. However, in the last decade, this steady shift has more than doubled.
This has brought about a steady and ever-increasing demand for the services of technology companies.
Although there appears to be an increase in the number of technology companies, there is still more than enough demand for each and every one of them.
There is a demand for the services of technology companies by both businesses and individuals.
Although we are free to offer our services to anyone and business that we choose, we have decided to focus on a group of clients. Some of the clients that we intend to focus on include;
- Micro, small and medium enterprises
- Government agencies
- The military
- Individuals that live in smart homes
Sales and Marketing Strategy
We at Colab Technology Company are aware of the very stiff competition that is in existence in the technology industry. As a result of this, we have come up with trusted methods to help us reach our target market.
Below are some of the ways that we intend to reach our target market;
- We intend to have a very strong online presence. We are going to build a top-quality website. We will also have a Facebook page and a Twitter handle.
- We intend to offer our services at a reduced price for the first three months of our operations
- We are also looking to employ workers that are good at their jobs and can hit very tight deadlines
Source of Startup Capital
We need $500,000 to set up this business. We have been able to raise 45% of this amount from our savings and from loans that we got from friends and family. We are looking to get the remaining amount from the bank.
We have our eyes on the top and we have come up with ways to beat our competition. Two of the ways to beat our competition is to hire individuals with very great track records and also put our clients first in our daily operations
This is a business Plan sample for Colab Technology Company. It is owned by Terry Cole and Jakes Donald and will be based in Miami, Florida.