Electronics Retailer Business Plan


Electronics Retailer Business Plan


Safe Current is a small business unit of The Cleveland Illuminating Company, an electric utility. Brian Henderson, who will lead Safe Current, was the founder.

Safe Current has identified the following key factors that will make it sustainable:

  1. Get 100% customer satisfaction. Refer friends and customers.
  2. Design and sell power protection products that are meaningful and valuable.
  3. Implement strict financial controls. This is important as Safe Current is a small unit of TCIC. However, it must be a separate entity financially. They also have financial and accounting responsibilities for TCIC shareholders.

Products

Safe Current will offer surge protectors as well as surge arrestors. These products can be made by a contract manufacture and sold under Safe Current.

  • Surge Arrestors: This is a piece of equipment that is mounted on the outside of a house or business near the meter that offers protection from external electrical surges.
  • Surge Protectors are a piece protecting individual or group of appliances from internal electric spikes. All of Safe Currents protectors are of industrial grade.

Management

Brian graduated from Case Western Reserve University with a MBA. He has also worked for large telecom ATT as an associate project manager and Allegheny Power in the value-added services department. Safe Current is expected to record impressive sales in years two and three with a correspondingly high net profit.

1.1 Objectives

  • To develop a profitable product for TCIC which is not regulated from the core business of power generation.
  • To become profitable in one year.
  • To use this business model as a template for future ventures.

1.2 Mission

To develop a family of surge protectors and arrestors for consumers that offer safety and value. Safe Current will make use of The Cleveland Illuminating Company’s strengths to increase brand recognition. Their innovative and useful products will exceed customer expectations. Customer satisfaction is guaranteed.

1.3 Keys To Success

  • Give 100% satisfaction to every customer
  • Sell and design power protection products that are meaningful and valuable.
  • Use strict financial controls.


Electronics Repair Business Plan


Electronics Repair Business Plan


Abbey Electronic Services is a full service electronic repair business that opened in Montclair’s Cherry Grove Section. The Cherry Grove Shopping Center was completed during the opening. Harry&#8217’s Electronics, and Olson&#8217’s Appliance Superstore were the tenants of the center. They signed third-party repairs agreements with Abbey Electronic Services. Abbey Electronic Services has been authorized to provide warranty service for certain manufacturers.

Abbey&#8217, in addition to its business clients will be open for repair of consumer electronics. Cherry Grove’s residential neighborhood has seen explosive growth which will make it a strong customer base.

Richard Abbey has 25 years’ experience in the repair of consumer electronics. His reputation of excellence is well known and he is a highly respected instructor in electronics at the college’s Electronics Engineering Technology course.

Abbey Electronic Services will be able to employ Richard and two other electronics technicians.

1.1 Mission

Abbey Electronic Services aims to offer high-quality electrical repair services with a focus on convenience and rapid service. Abbey Electronic Services has a computerized inventory monitoring system that ensures critical parts are always on hand. This allows for a balance inventory and maximizes inventory turnover. Abbey Electronic Services also has strong relationships to regional vendors that can ship major parts quickly (most times within 24 hours).

Abbey Electronic Services strives to build strong professional relationships with all customers. Our company is committed in providing honest, fair and reliable service.

Success Keys 1.2

The keys to success at Abbey Electronic Services include:

  • Excellent, efficient, and convenient electric repair services.
  • A strong professional relationship with customers.
  • Order and receive your electrical parts quickly


Electronics Repair Shop Business Plan


Electronics Repair Shop Business Plan


Tucson is an Arizona start-up located in Tucson’s West end. This company specializes in repairs and sales of home electronic products, specifically TVs, DVDs VCRs or CD players.

We will target people who put a lot of importance on their entertainment equipment. VCRs of low quality are often more affordable than they cost. This makes it easier to replace an old product rather than purchase a new one.

The company is owned and managed by James Munroe, a retired Navy Commander with a degree in electrical engineering from the University of Texas-Austin. He is a certified electronic technician with several brands. He plans to hire his son to assist with the growth and running of the business.

1.1 Objectives

Tucson Electronics (TE), is a business that is focused on growth. It aims to grow into a regional leader in TV/VCR/home audio repair with locations in Tucson, Phoenix and other areas. Tucson Electronics has the following three-year objectives.

  • By year three, steady growth in sales revenue is possible
  • In the Tucson region, achieve a local market share of around 20% by year five.
  • Expand product line to include authorized satellite service installation and new home entertainment electronics sales.

1.2 Mission

Tucson Electronics mission is to provide affordable, high-quality and efficient TV/DVD/VCR repairs and other home electronics services at a fair price. Trust is the main aspect of our company. Our firm strives to achieve 100% customer satisfaction through quality, friendliness, and timeliness. We also seek out new ways to exceed our customers’ expectations while keeping costs as low as possible.

1.3 Keys To Success

One customer is all that is needed to build a client base in the TV/VCR repair sector. This can be done mostly through established marketing techniques (ads or billboards). Tucson Electronics’ success is based on these key principles:

  • High-quality work.
  • Pay attention at all times to professional appearances
  • Friendly, knowledgeable technicians who are customer-oriented and friendly. They will also take the time to explain to customers how our business works.
  • To offer our services at the most affordable price, we maintain an aggressive management oversight.