TechnoFix

By: Farhan
Mission Statement
There are around 7 billion people in the world and more than 4.66 billion people in
the world use technology. Technology is here to make our lives easier but it doesn’t
always go as planned. Technology can malfunction and stop working. That's why it
is our responsibility to repair any piece of technology including small handheld
devices to huge items like TV’s. (A) Employees can expect a clean and safe
working environment to be in. (B) Our customers are anyone who involves
themselves with technology, we also sell technology along with accessories. Our
goal is to fix any problem they have or sell them whatever they need. (C) Success
is one of our priorities meaning customers are satisfied with the service we provide
them and employees are happy with what they are working with. Most importantly
we want to be a well known company where everyone can shop at!
Company Bio
“Technology isn’t perfect so let’s make it perfect.”
Resource Requirements
Financial Resources
We will need $25,000 - $30,000 in start up money. We will take loans from the
bank and reach out to any investors that are willing to invest with an organized
presentation. We believe our profit that will be made in the first year will range
from $18,000 to $22,000. It will increase in the next three years adding more profit
each year.
Material Resources
Consumable Resources:
- Phone Service
- Office Supplies (Pencils, Staples , Erasers)
- Internet
Fixed Resources:
- Building
- Employee Computers
- Insurance
- Painting
- Utility
Intangible Resources
- Computers : New stocks to sell to our customers and a few custom made
ones for employees
- Service and Repairs : We will have fully trained technicians and employees to
help customers with whatever they need
- General Technology : We will have the latest technology and upgrades
available for retail along with accessories for all devices
- Refund Station : Process any refunds from earlier purchases with a trained
employee (Must have receipt or item ID)
Human Resources
Internal HR:
- Any entrepreneurs that would like to help can talk with management with ways
they can invest into the business. Employees must put all of their effort while
working to show dedication and why they were chosen to be here.
External HR:
- We will hire accountants to inform us on our company’s financial status (Income
Statements, Balance sheets, Financial Analysis etc.) Insurance agents are also
crucial for any business. Lawyers should also be hired if there were to be any legal
issues. Suppliers are also needed for the latest technology so we can provide our
customers with the best services
Marketing plan
Promotion
Ways we will promote our company:
- Highway Billboards : While people drive by they will see advertisements for
our company
- Flyers : We will hand out flyers around to people in populated areas
- Social Media: We will post ads on social media (Instagram, Youtube etc.)
- Cable : We will try to pay for a promotion to come on news channels or
advertisements during commercial breaks
Consumer
The consumers can be anyone but it will most likely be the customer themselves.
Everytime a person's phone breaks or they buy new technology/accessories they’ll
be buying it for themselves, but sometimes there will be a slight chance its for
someone else who doesn’t know much about technology or will be receiving an
accessory or upgrade as a gift.
Competition

To create a company around the GTA we would have a lot of competition with
companies like Renfos Technologies Inc, Tsunami Technology Group Inc, Genius
Tech Inc. and more. We are all competing against each other for who can either
repair, sell and satisfy our customers and others around us the most. For us, we
would like to reach the top and be the most well known.
Budget
We will need $25,000 - $30,000 in start up money which is the range of our
budget. There are many ways for us as a company to raise our capital. One way is
to get investments from venture capitalists. A venture capitalist is a person or firm
that invests in small companies, generally using money pooled from investment
companies. Another way is to apply for a loan which is one of the most common
nowadays. We can also try bootstrapping your business which is building a
company from the ground up with nothing but personal savings, and with luck, the
cash coming in from the first sales.