How to Start a Cell Phone Repair Businessby Contributor
The process of starting a cell phone repair business has to be done with great care. This article will simplify the steps and help you to understand the laws and business rules. Also, you'll learn how to be successful in starting the cell phone repair business. If you have difficulty learning how to complete a step, seek advice from a business professional. This action will help you gain the skills you need to start a cell phone repair business and run it successfully.
Create a business plan by reading books on the subject and by reviewing business plan samples on the Internet. Get help from the Small Business Administration (SBA) at www.sba.gov (see the Resources section).You can formulate a good business plan by first writing a 200-word summary about yourself and the business you plan to start. Then, write a marketing plan (i.e., how to market your services) and a management plan (i.e., how you'll operate the business). The financial projections are the last section you will write in your plan (i.e., money management). You need to do this before anything else, so you have enough data to tell you whether your business will have any chance of success. Hire a business lawyer if you feel the need. You can find one at www.findlaw.com.
Find www.alfainstitute.net and sign up for the cell phone repair course.
After you complete the course, visit your city hall or county office and apply for a license or a permit to operate a cell phone repair business. Log on to http://www.govspot.com/tax/staterevenue.htm scroll down to the state in which you will operate your cell phone repair business and click. Apply for your state tax ID number. Call 1-800-829-4933 to apply for your federal tax ID number.
Carefully select a location for the cell phone repair business where foot traffic (shopping malls, shopping centers, or a shopping plaza) is heavy. As a less-expensive alternative, your home can be used as an office.
Purchase office furniture or equipment if you need to. Visit your local office supply store and buy office supplies (i.e. writing pads, pencils, pens, calculator, and copy paper etc.). Get a shipping account with your local FedEx or UPS store.
Purchase a computer for your business if you do not have a computer. Now, you will need to purchase cleaners, lamps, phone open tools, and a few more other tools. Go to www.cellphone-store.com and you will find the basic tools for a cell phone repair business.
Use the business plan to help you get your business off to a good start. Analyze each section in the plan (i.e. marketing, management, and operations) and execute the strategies to develop and increase sales. Develop a logo and marketing materials such as brochures, business cards, and signs to advertise your business. Create flyers and pass them out in your neighborhood. Go door-to-door and leave the flyers with homeowners. Hire someone to create a website for you.
Track your cash flow out of the business and into the business by hiring an accountant. Make sure that you estimate your costs and revenue for each month. Maintain adequate inventory for the cell phones that you will be repairing. Pay all taxes on time and your business will be successful.
- Continue to study the industry and learn new trends.
- Look for new business.
- Copy competitors.
- Find ways to save money and operate better.
- Review the business plan frequently.
- Pay taxes on time.
- Monitor cash flows.
- Keep expenses as low as possible.