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How to Start an Information Technology Business | Free Book PDF Download

Starting a Information Technology Business

 

How to Start an IT Business - Free Book


Are you considering starting an IT Business? if yes, you'll find this free book to be extremely helpful.

This is a practical guide that will walk you step by step through all the essentials of starting your business. The book is packed with guides, worksheets and checklists. These strategies are absolutely crucial to your business' success yet are simple and easy to apply.

The Single Most Important Ingredient for Business Success

The first and most important thing you need to acquire in order to succeed in a small business is... knowledge.

Sounds exaggerated? Listen to this...

According to research conducted by Dun & Bradstreet, 90% of all small business failures can be traced to poor management resulting from lack of knowledge.

This is backed up by my own personal observations. In my 31 years as a business coach and consultant to small businesses, I've seen practically dozens of small business owners go under and lose their businesses -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work.

Conclusion: if you are really serious about succeeding in a business... If you want to avoid the common traps and mistakes... it is absolutely imperative that you acquire the right knowledge.

"Why Invent Mediocrity, When You Can Copy Genius?"

That's an excellent quote I picked up from a fellow business owner a few years back. What this means is that you should see what is working and try to duplicate it. Why go through all the trouble of inventing something new, that you don't even know will ever work, when you can easily learn from and duplicate something that has been a proven success?

[ Note: One of the BIGGEST mistakes almost all new businesses make is that they WASTE tons of valuable time, energy and money on trying to create something "new", that has never been tested or proven... only to find out later that it was a total loss. Don't make the same mistake! ]

Hi! My name is Meir. I'm the founder and president of BizMove.com, a successful IT based information business. I'm also the author of numerous books, mostly in the area of small business management.

I've been involved in small business for the past 31 years of my life, as a business coach, manager of a IT firm, a seminar leader and as the owner of five successful businesses.

During my career as a business coach and consultant I've helped dozens of business owners start their businesses, market, expand, get out of troubles, sell their businesses and do practically every other small business activity you can think of.
You see, I have been there .... done it ... and bought the Small Business t-shirt! -- This free book contains techniques and strategies I've learned during my 31 year small business career.

Here's what you'll discover in the 'How to Start a IT Business' book:

How to determine the feasibility of your business idea - a complete fill in the blanks template system that will help you predict problems before they happen and keep you from losing your shirt on dog business ideas.

A detailed manual that will walk you step by step through all the essential phases of starting your business

A complete business plan template. This fill-in-the-blanks template includes every section of your business plan, including Executive Summary, Objectives, SWOT Analysis, Marketing Analysis and Strategy, Operations Plan, Financial Projections and more (a similar template is sold elsewhere for $69.95).

All this and much much more.

Success Tip: Setting Goals

Good management is the key to success and good management starts with setting goals. Set goals for yourself for the accomplishment of the many tasks necessary in starting and managing your business successfully. Be specific. Write down the goals in measurable terms of performance. Break major goals down into sub-goals, showing what you expect to achieve in the next two to three months, the next six months, the next year, and the next five years. Beside each goal and sub-goal place a specific date showing when it is to be achieved.

Plan the action you must take to attain the goals. While the effort required to reach each sub-goal should be great enough to challenge you, it should not be so great or unreasonable as to discourage you. Do not plan to reach too many goals all at one time.

Establish priorities

. Plan in advance how to measure results so you can know exactly how well you are doing. This is what is meant by "measurable" goals. If you can’t keep score as you go along you are likely to lose motivation. Re-work your plan of action to allow for obstacles which may stand in your way. Try to foresee obstacles and plan ways to avert or minimize them.

Click here! to download your book for free (PDF version)

Here're other free books in the "how to start a business" series that may interest you:

Agriculture Assisted living Auto repair Bakery Bar Beauty salon Bed and breakfast Bookkeeping Boutique Bowling alley Carpet cleaning Car wash Catering Cattle farming Charity Cleaning Coffee shop Computer repair Construction Consulting Convenience-store Cupcake Daycare Dental Dog daycare Ecommerce Electrical Embroidery Engineering Farm Fashion Film Financial advisor Fitness center Flower-shop Food Food truck Franchise Frozen yogurt Furniture store Gas station Goat farming Grocery store Gym Hairdressing Hair salon Ice cream Insurance agency Interior design Internet Internet cafe IT Jewelry Landscaping Laundromat Laundry Law firm Magazine Manufacturing Microbrewery Motel-hotel Music Nightclub Nonprofit Nursery Online-retail Photography Pizza Plumbing Poultry farming Preschool Printing Private investigator Pub Real-estate Resort Restaurant Retail School Security company Service Software Spa Sports-bar Startup Supermarket Travel agency Trucking Vegetable-farming Website

Here's a Sample 'Executive Summary' for a IT Business plan:

Introduction
COMPANY NAME is seeking funding to implement a search engine with relevant online advertising and a digital data processing platform known as the INSERT PRODUCT. 
Location
COMPANY NAME is located at INSERT LOCATION/ADDRESS
The Company
COMPANY NAME is a Limited Liability Company with 100% of its ownership held by INSERT NAME. 
Our Services
COMPANY NAME provides an online search engine for the restaurant and hospitality industry and INSERT PRODUCT providing digital processes for restaurant owners.
Financial Considerations
The current financial plan for COMPANY NAME is to obtain funding in the amount of $640,000. The grant will be used to to fund:

  • Website development and design.
  • Optimize the initial search engine.
  • Provide funds for traditional advertising.
  • Provide funds for guerilla marketing and promotional campaign.
  • Fund operating expenses. 

The major focus for funding is as follows:
To fund a company that is certified by the Green Restaurant Association (GRA) to provide environmentally responsible digital services to restaurant enthusiasts and restaurant owners, supporting their efforts to function in a manner that meets the environmentally responsible standards set forth by the Green Restaurant Association. 
The GRA has a two decade proven track record of helping restaurants positively change their environmental impact in a way that benefits the bottom line, employee morale, and public relations. The GRA helps restaurants with the following suite of services:

Environmental Assessment

The GRA performs a comprehensive Environmental Assessment of the restaurant in relationship to Green Restaurant® 4.0 Certification Standards. This provides the GRA with the necessary baseline of points to help each restaurant improve its environmental practices and become a Certified Green Restaurant®.

Environmental Consulting

The Green Restaurant Association is the industry expert in helping foodservice operations become more environmentally sustainable. Since 1990, the GRA has been building the world’s largest database of environmental solutions for the restaurant industry. Each restaurant client is assigned its own GRA consultant, who works closely with the restaurant to provide real and actionable solutions. Whether your goal is to decrease costs, become zero waste, or simply make a few changes that customers will see, GRA consultants will provide detailed solutions to help you reach your goals. GRA’s consulting services include:

  • Setting up a full-scale recycling program
  • Identifying specific steps needed for Certification
  • Determining the priorities of the restaurant i.e. employee morale, saving money, sourcing local food, etc.
  • Selecting the best equipment, packaging, food, etc. and finding distributors that carry these recommended products
  • Providing content for educational signage throughout the restaurant
  • Providing annual employee education
  • Finding local farms
  • Securing rebates
  • Performing cost analyses
  • Troubleshooting

Certification

In this day and age of the popularity of “Green”, it is ever important for consumers to be able to rely on their favorite businesses’ environmental claims. Certification has proven to be an important distinction to communicate the credible and real changes that any restaurant has accomplished. The GRA’s Green Restaurant® 4.0 standards are both rigorous and achievable.
The GRA verifies each step with invoices and other documentation to ensure that each restaurant has reached the minimum points for certification. Recertification happens each year that a restaurant continues to be in good standing with Green Restaurant® 4.0.
This transparent and credible process provides the mark of integrity and objective demonstration of environmental sustainability. Becoming a Certified Green Restaurant® offers a powerful message to customers that your restaurant is truly making environmental changes.

Green Public Relations and Marketing

The GRA has been successful in helping its restaurants achieve positive media exposure in such outlets as CNN, NBC Nightly News, New York Times, and Washington Post.  The GRA helps its restaurants through press releases, media events, and other PR activities.
Each Certified Green Restaurant® has access to the GRA’s Communications Manager, who is a resource to help restaurants integrate the certification message into menus, websites, table tents, and other marketing opportunities.
Certified Green Restaurants® are listed in various national restaurant guides, including Dinegreen.com’s Guide of Certified Green Restaurants®.
COMPANY NAME will work with restaurants to help in the certification process to become a “Green Restaurant”.

1.1 Objectives

COMPANY NAME’S objectives are as follows:

  • To secure a substantial restaurant and hospitality online data management user base.
  • To gain a 2% market share of the 975,000 restaurants in the United States.
  • To expand operations to include restaurants and the hospitality industry within the United Kingdom, Australia, New Zealand, and Canada.
  • To support the restaurant and hospitality industry's shift into a certified "Green" data management status.
  • To secure a substantial share of the United State's $1.1 Billion online social network advertising spending.

1.2 Mission

COMPANY NAME’S mission is to become the premier provider of digital data management solutions and targeted online ad space to the restaurant and hospitality industry facilitating the industry's shift into certified green status.

1.3 Keys to Success

The keys to COMPANY NAME’S   success are the following:

  • The company's substantial marketing push utilizing billboard and internet advertising.
  • The ability of the public to join the networks Green Restaurant Platform system and search for restaurants and hospitality venues at no cost.
  • The ability of the restaurant and hospitality industry to access the company's digital data management and communications platform utilizing mobile devices.
  • COMPANY NAME’S endorsement by the INSERT NAME as a digital data management and communications platform provider meeting the highest level of environmental responsibility standards.
  • That COMPANY NAME provides a platform for restaurants and hospitality venues to protect valuable company data digitally increasing efficiency and providing security.
  • COMPANY NAME provides restaurants and hospitality venues with the ability to streamline data operations by eliminating paper processes with productive, ingenious digital functions increasing productivity, saving both time and resources.
  • The affordability of the software platform for the industry.
  • The increased visibility the platform provides the industry. 

COMPANY NAME is a start-up Limited Liability company located in San Diego CA, providing an online search engine for the restaurant and hospitality industry allowing users to locate, review, provide comments and search for employment while simultaneously providing restaurant and hospitality owners the ability to respond to comments, digitally receive, file and archive documents, and interface with QuickBooks accounting software, eliminating the need for paper processing thus allowing the industry to meet the highest level of environmental responsibility. 
COMPANY NAME is committed to establishing itself as a leader in environmental responsibility and as such has committed 1% of its annual profits to "1% for the Planet", a World-wide organizational force for change in creating and preserving a healthy planet by building and supporting an alliance of businesses that have committed 1% of their profits to do so. As an innovator in creating systems and processes that alleviate the impact of traditional business systems on the environment, COMPANY NAME understands and respects the environment and will continue to implement processes utilizing current and future technology within the hospitality industry to achieve its goal of providing green platforms. 

2.1 Company Ownership

COMPANY NAME is a Limited Liability Company privately owned by INSERT NAME.

2.2 Start-up Summary

Start Up expenses for COMPANY NAME are projected for a six month period. Funding is expected June of 2011. Cash requirements will provide funding to provide working capital for the company which will be utilized to execute an aggressive advertising campaign, complete website development and design and to optimize the search engine.

Table: Start-up

Start-up

 

 

 

Requirements

 

 

 

Start-up Expenses

 

Legal

$3,000

Technical Infrastructure

$15,000

Insurance

$1,500

Rent/Utilities

$21,000

Leased Equipment

$3,000

Payroll

$245,118

Total Start-up Expenses

$288,618

 

 

Start-up Assets

 

Cash Required

$291,382

Other Current Assets

$0

Long-term Assets

$60,000

Total Assets

$351,382

 

 

Total Requirements

$640,000

 

3.0 Services

COMPANY NAME is a premier provider of a digital software platform specific to the restaurant and hospitality industry that allows for the electronic submission of documents, a digital document storage and filing system and electronic processing and interfacing with accounting software programs. It also provides users with the ability to search for restaurants and hospitality venues, write reviews, comments, post and search for employment, while administering a platform for online advertising.


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