RENT-A-TECH BUSINESS

Capstone Class with a Personal Business Called Rent-a-Tech



Capstone Class with a Personal Business Called “Rent a Tech”

Rent-a-Tech will provide computer and technical consulting (repairs, training, networking and upgrade service) to local small businesses as well as home PC users. The company will be home-based and will focus on marketing, responsiveness, quality, and creating and retaining customer relations. This part of the paper analyzes its financial requirements and need to create a stabilized financial structure, based on the company requirements.

Cost Associated With Starting “Rent a Tech”

While in the past a limited number of Canadians dreamed of holding their own business, this dream has now become a reality for thousands of them. In fact, in this period of corporate restructuring, rationalization of staffing and outsourcing, the role of small businesses as an engine of national economic growth and personal is more important. However, regardless of the sector in which we work, we must find a balanced way to manage our professional and personal life to achieve our dreams. All small business owners are faced with these issues, and it is in financial planning that successful entrepreneurs have found the answers related to the business success (Meigs, Robert, 1999).

Because small business owners must rely on themselves, this fact of life can sometimes lead to financial and personal stress. However, you enjoy certain tax advantages and other benefits that can help you achieve your goals of financial independence if you design a financial plan and follow appropriate. There is no real secret to effective financial planning. Just pay attention to the money you spend today and plan for your future (Mittra, Sahu, Crane, 2007). Here are some tips to help Rent-a-Tech get started:

Set your long term goals

How do you see your life in 10 years? For example, would you buy ...