LAKE WORTH, FL - For many entrepreneurs looking to buy into a computer repair franchise
, finding the funding to get started can be a serious hurdle. SP Home Run Inc. has found three possibilities that have proved to be popular sources of initial capital for getting a new computer repair franchise business up and running.
The three F's of funding include:
- Family - This is often the first place that many entrepreneurs should start. Even though prospective computer repair franchise owners may not secure the capital needed, pitching to family members can be excellent practice for future conversations with others about funding. Family members know a person best and often don't need much persuasion to buy into their dreams. One important piece of advice for entrepreneurs is: if money may become more important than the relationship itself, do NOT take the funding. Don't let money affect relationships.
- Friends - Although sometimes very supportive when it comes to backing another friend's goals and dreams, friends investing in a computer repair franchise are more likely than family members to expect to see financial gains from helping to fund a business.
- "Fools" - If prospective computer repair franchise owners are skilled at managing relationships, then convincing a few random "fools" to invest may be a good way to go. While this could be a quick way to raise the necessary capital, it's important to note that exploiting impulsiveness or ignorance is definitely NOT the preferred approach. Rather, "fools" in this context usually refers to individuals who make investment decisions based on gut feel or emotions, rather than rigorous analysis of a computer service business plan. Be sure to consult an attorney and an accountant before securing any capital for a new computer repair franchise.
"It can be extremely difficult to find the funding required to start a computer repair franchise," said Joshua Feinberg, Business Development Director of SP Home Run Inc. "In a perfect world, an angel investor would magically appear with an unlimited amount of money and no strings attached. However, fairy tales aside, that is unlikely, especially for a new franchise business owner. These are several viable paths that all entrepreneurs end up following at some point and the three ‘F's' can make a computer repair business
dream possible. Just be sure to consult with a qualified local attorney and accountant to make sure your plans are sound."
About SP Home Run Inc.
SP Home Run Inc. helps small business IT service providers get more high-paying, steady B2B clients by providing a suite of proven tools and resources that are available exclusively to SP Home Run Inc. members. The tools and resources focus on computer marketing
and targeted lead generation, selling IT services and lead nurturing, IT service contracts, managed computer consulting, IT channel and small business technology, and starting a computer business.
The company currently serves clients all over the world. Its client base includes computer consultant
businesses, VARs, network integrators, IT solution providers, MSPs, system builders, and computer repair businesses.
For interview opportunities and media requests, please contact:
Business Development Director
SP Home Run Inc.
Phone: +1 877-587-9580 x7
Email: media (at) sphomerun (dot) com