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Watch This Video Before Starting Your Cell Phone Repair Business Plan PDF!

Checklist for Starting a Cell Phone Repair Business: Essential Ingredients for Success

If you are thinking about going into business, it is imperative that you watch this video first! it will take you by the hand and walk you through each and every phase of starting a business. It features all the essential aspects you must consider BEFORE you start a Cell Phone Repair business. This will allow you to predict problems before they happen and keep you from losing your shirt on dog business ideas. Ignore it at your own peril!

For more insightful videos visit our Small Business and Management Skills YouTube Chanel.

Here’s Your Free Cell Phone Repair Business Plan DOC

This is a high quality, full blown business plan template complete with detailed instructions and all related spreadsheets. You can download it to your PC and easily prepare a professional business plan for your Cell Phone Repair business.
Click Here! To get your free business plan template

Free Book for You: How to Start a Business from Scratch (PDF)

A Step by Step Guide to Starting a Small Business
This is a practical manual in a PDF format, that will walk you step by step through all the essential phases of starting your Cell Phone Repair 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.

Copy the following link to your browser and save the file to your PC:

https://www.bizmove.com/free-pdf-download/how-to-start-a-business.pdf

How to Conduct a Low Cost Market Research

To be successful a business must know its market. Marketing research is simply an orderly, objective way of learning about people - the people who buy from you or might buy from you.

This Guide provides an overview of what market research is and how it's done. It introduces inexpensive techniques that business owner-managers can apply to gather facts about their customers and the people they'd like to have for customers.

Basically, the purpose of marketing research is to find out what catches customers' attention by observing their actions and drawing conclusions from what you see. To put it more formally, in the words of the American Marketing Association, marketing research is "the systematic gathering, recording, and analyzing of data about problems relating to the marketing of goods and services."

Marketing research is an organized way of finding objective answers to questions every business must answer to succeed. Every business owner-manager must ask:

Who are my customers and potential customers?

What kind of people are they?

Where do they live?

Can and will they buy?

Am I offering the kinds of goods or services they want - at the best place, at the best time, and in the right amounts?

Are my prices consistent with what buyers view as the products' values?

Are my promotional programs working?

What do customers think of my business?

How does my business compare with my competitors?

Marketing research is not a perfect science; it deals with people and their constantly changing likes and dislikes which can be affected by hundreds of influences, many of which simply can't be identified. Marketing research does, however, try to learn about markets scientifically. That simply, is to gather facts in an orderly, objective way; to find out how things are, not how you think they are or would like them to be; what people want to buy, not just what you want to sell them.

Why Do It?

It's tough - impossible - to sell people what they don't want. (Remember the Nehru jacket?) That's pretty obvious. Just as obvious is the fact that nothing could be simpler than selling people what they do want. Big business has to do market research to find that out. The same reason holds for small business.

business owners often have a "feel" for their customers - their markets - that comes from years of experience. Experience can be a two-edged sword, though, since it comprises a tremendous mass of facts acquired at random over a number of years. Information about markets gained from long experience may no longer be timely enough to base selling decisions on. In addition, some "facts" may be vague, misleading impressions or folk tales of the "everybody knows that..." variety.

Marketing research focuses and organized marketing information. It ensures that such information is timely. It provides what you need to:

Reduce business risks,

Spot problems and potential problems in your current market,

Identify and profit from sales opportunities,

Get basic facts about your market to help you make better decisions and set up plans of action.

How Do You Go About It?

You probably do some market research every day in the course of your routine management activities without being aware of it. You check returned items to see if there's some pattern. You ask one of your old customers, who has stopped coming to your shop, why he hasn't been in lately when you run into him on the street. You look at a competitor's ad to see what that store is charging for the same products you're selling.

Marketing research simply makes this process more orderly. It provides a framework that lets you objectively judge the meaning of the information you gather about your market. The following flow chart shows the steps in the marketing research process:

Define problem (limit and state clearly)

Assess available information

Assess additional information, if required:

review internal records and files

Interview employees

Consult secondary sources of information

Interview customers and suppliers

Collect (or have collected) primary data

Organize and interpret data

Make decision

Watch the results of the decision

Defining the Problem

This, the first step of the research process, is so obvious that it is often overlooked. Yet, it is the most important step of the process.

You must be able to see beyond the symptoms of a problem to get at the cause. Seeing the problem as a "sales decline" is not defining a cause; it's listing a symptom.

In defining your problem list every possible influence that may have caused it. Has there been a change in the areas your customers have traditionally come from? Have their tastes changed? Put all the possible caused down. Then set aside any that you don't think can be measured, since you won't be able to take any action on them.

You must establish an idea of the problem with causes that can be objectively measured and tested. Put your idea of the causes in writing. Look at it frequently while you're gathering your facts to keep on track, but don't let it get in the way of facts, either. (Incidentally, while this Guide speaks of "problems," the same techniques can be used to investigate potential opportunities too.)

Assessing Available Information

Once you've formally defined your problem, you should assess your ability to solve it immediately. You may already have all the information you need to determine if your hypothesis is correct, and solutions to the problem may have become obvious in the process of defining it. Stop there. You'll only be wasting your time and money if you do further marketing research.

What if you aren't sure whether or not you need additional information at this point? What if you'd feel more comfortable with additional data? Here, you've got to make a subjective judgment to weigh the cost of more information against its usefulness.

You're up against a dilemma similar to guessing in advance your return on your advertising dollar. You don't know what return you'll get, or even if you'll get a return. The best you can do is ask yourself how much making a wrong decision will cost and to balance that against the cost of gathering more data to make a better informed decision.

 

 

Once you have Determined what type of business you want to Begin and The investment requirements, you are prepared to select a
location. The number of competitive businesses already in the region should affect your choice of location. Some areas are
bombarded with support stations or particular forms of restaurants. Check on the number of your type of company from Census
figures, the yellow pages, or by checking out the place.

Factors Aside from the potential market, availability of Workers And number of competitive companies must be considered in
choosing a place. For instance, how adequate are utilities - sewer, water, power, gas? Parking facilities? Police and fire
protection? What about home and environmental factors like schools, cultural and community actions for employees? What is the
average cost of the place in rents and taxes? Check on zoning regulations. Assess the business of the neighborhood
business-people, the aggressiveness of civic associations. In summary, what is the town soul? Such factors should give you a clue
to the city or city's future.

Chambers of Commerce and local universities Normally Have created or Are knowledgeable about local surveys that may provide
answers to these questions and the many other questions that will occur to you.

Then you have to decide in what part of city to find. If the city is Very small and you're establishing retail or service
business, there will probably be little choice. Only one shopping place is present. Cities have outlying shopping facilities along
with the central shopping area, and stores spring up along principal thoroughfares and neighborhood streets.

Consider the shopping centre. It is different from different locations. The shopping center construction is pre-planned as a
merchandising unit. The website was intentionally selected by a developer. On-site parking is a common feature. Clients may drive
, park and do their shopping in relative speed and safety. Some centers offer weather protection. Such amenities make the shopping
center an advantageous location.

There are also some limitations you ought to know about. As a tenant, You become part of a retailer team and must cover your pro
rata share of their budget. You have to keep store hours, light your windows, and place your signs according to established rules.
Many communities have restrictions on signs and the middle management may have additional limitations. What's more, if you're
thinking about a shopping centre for your first store you could have an extra issue. Developers and owners of shopping facilities
look for successful retailers.

The kind and variety of merchandise that you take helps determine the Kind of purchasing area you choose. For example, clothing
stores, jewelry shops and department stores are more likely to be more successful in shopping districts. On the other hand,
grocery stores, drug stores, filling stations, and bakeries usually do better on principal thoroughfares and local streets beyond
the shopping districts. Some kinds of stores customarily pay a low rent per square foot, while others pay a high rent. At the"low"
class are furniture, grocery stores and hardware stores. At the"large" are cigar, drug, women's furnishings, and department
stores. There's not any hard and fast rule, however it is helpful to observe in what kind of place a shop like yours often appears
to flourish.

After deciding an area ideal for your type of business, Obtain as many details as possible about it. Examine the competition. How
many similar companies can be found nearby? What exactly does their sales volume seem to be? If you're establishing a store or
support trade, how far do people come to trade in the region? Are the visitors patterns positive? If the majority of your clients
will be local inhabitants, study the population trends of the area. Is population increasing, stationary or decreasing? Are the
folks native-born, blended or mostly foreign? Are new ethnic groups coming in? Are they predominantly laborers, clerks, executives
or retired persons? Are they all ages or mostly retired, middle aged, or young? Judge purchasing power by assessing average house
rental, typical property taxation, number of telephones, number of cars and, if the amount is available, per capita income. Larger
shopping centers have this type of information out there, and will make it available to serious potential tenants.

Zoning ordinances, parking availability, transportation facilities And natural barriers - such as hills and bridges - are
important factors in locating any sorts of business. Possible sources for this info are Chambers of Commerce, trade associations,
property businesses, local papers, banks, city officials, local retailers and personal monitoring. In the event the Bureau of the
Census has developed census tract data for the specific region where you are interested you'll find this especially valuable. A
census tract is a small, permanently recognized, geographical area within a big city and its environs. The Census Bureau provides
population and housing characteristics for each tract. This information could be valuable in measuring your marketplace or service
potential.

Deciding upon the actual site in a area might well be taking what you Can get. Very few buildings or plants will be appropriate
and at the exact same time, accessible. If you do have a choice, make sure you weigh the possibilities carefully.

For a production plant, consider the condition and suitability Of the construction, transportation, parking facilities, and also
the type of lease. For A store or service establishment, assess on the closest competition, traffic Leak, parking facilities,
street location, physical facets of the construction, Type of rental and price, and the speed, cost and quality of transport.
Additionally Look into the history of the site. Find answers to such queries as: Has the Building remained empty for any amount of
time? Why? Have various Kinds of Stores occupied it for short periods? It might have proved unprofitable for them. Sites on which
many businesses have failed should be avoided. Vacant buildings Do not bring traffic and are generally considered bad neighbors,
therefore check on nearby unoccupied buildings.

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