Sign Shop Business Plan

Computer Knowledge The world revolves around, how soon can I get it!The need for speed has made computers a necessity in our lives, which includes the sign business.

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In the sign business a person is not always typing in a simple line of text.

There will be many times at which you will be required to re-create a piece of artwork or develop a work of art from scratch.

You will need to have a very good understanding of computers and software.

Typing skills, along with accurate spelling skills are a must.

Without one the old adage comes to mind, "Failure to plan is a plan to fail." Doing the best research into the business, planning your marketing, startup costs, time until you can draw a paycheck and sources for buying equipment and supplies are just a few of the many items that need to be in your business plan.

Capital It takes money to start any type of business, whether home-based or storefront.Stop and think about what is needed, such as: equipment, software, computers, supplies and marketing materials just to name a few of the items.Realistically, a home-based operation can get started with a few thousand dollars, whereas a storefront operation takes more. Artistic Ability I believe that everyone has some artistic ability, whether they use it or not.Because of the fact that you will be using them day in and day out, you cannot have a fear of computers.Computerized accounting and Point of Sale, design and/or vinyl cutting programs and word processors, all point to the need to possess computer skills.So, would it be wise for the home-based business to drastically undercut the competitors price or the going rate for that area? If that home-based business has plans to eventually have a storefront operation, the destruction of the market through price wars may occur.The price has been set to a new low and raising prices in the future may be difficult.So when that home-based business finally goes for the store front, it cannot make enough profit to survive because they were pricing products based upon low overhead instead of a reasonable competitive rate.Being considerate of your competitors may have its advantages to your business and you never know when you may need a favor or a job.The sign industry is probably one of the most stable businesses to get into.You are not selling widgets, but rather a custom made product that fits the needs of your client.

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