Are you about writing a business plan to start a tech company? If YES, here are 100+ sample technology business plans & templates for FREE download.
The technology industry is one industry that is on a constant upward motion. This industry focuses primarily on the development and manufacturing of technology products, or providing technology as a service. The sector mainly caters to businesses revolving around the manufacturing of electronics, creation of software, computers or products and services relating to information technology.
The technology sector offers a wide arrange of products and services for both consumers and businesses. Consumer goods like personal computers, mobile devices, wearable technology, home appliances, and televisions and so on are continually being improved and sold to consumers with new features, and businesses that are responsible for doing this are on a constant profit ride. This is because majority of the people in the world today are tech consumers more than producers.
If you are a tech-savvy and you are able to tweak gadgets to suit the rising needs of people, then you can certainly earn a decent income by starting a business in the technology industry. If you need particular ideas on ways to apply your skills to become profitable in the tech industry, we have provided you a couple of business ideas you can look into.
100+ Sample Technology Business Plans & Templates
Since smartphones and mobile tablets became popular, software developers have been striking it big. A lot of app developers have been lucky enough to become highly successful from developing just one innovative app. The app development industry is a very attractive one with a lot of future prospects especially since more electronic devices are expected to go smart in the nearest future.
The app development business involves creating mobile applications for smartphone users. The applications can be downloaded from the various mobile app stores like Google Playstore for Android and iOS for iPhone users. The business also involves script and code writing and mobile app development for external clients. You can comfortably do this business from anywhere in the world.
Repairing of computers (laptops and desktops) is yet another thriving and profitable tech business idea that an entrepreneur who is looking towards starting a business can start. All you need to do to get this business going is to acquire computer repair skills, purchase the required repair tools and then rent a shop in a good location.
There is indeed a large market for this type of business because there is hardly any organization or home where you won’t find computers and of course computers can become faulty hence the need for repairs.
Yet another business idea that a tech savvy entrepreneur can launch is to open a cell phone repair center; a place where people can repair their smart phones, tablets and iPads. The truth is that if you can secure a visible location, you will attract loads of clients because of the large number of people that own cell phones and related gadgets. So if you are techie inclined, then with little training and capital, you can open your own cell phone repair shop.
Internet Cafe, often called Cyber Cafe, is a place that offers customers hi-speed internet access, other computer services and variety of PC games. It deals with internet time that a customer buys and this time can be sold per hour or minute and sometimes longer.
To set up an internet cafe, start by renting out a space for your cafe that’s near potential customers, like a spot next to a college or a hotel. Then, buy all of the necessary equipment for your cafe, including computers, routers, and printers. Having good customers service skills will also serve you well in the business.
Drone photography can be a profitable business and it is very popular nowadays. However, if you want to be successful in this business, you must have a drone that is equipped with a gimbal and a quality camera which is capable of taking crystal clear high-quality videos/photos from the air.
Now, if you plan to sell your photography or use it in any commercial way, you will need to get a drone license. As a professional drone pilot, you can also charge per hour for specific projects. Let’s say it usually takes you three hours to take 20 aerial real estate photos and enough footage for a 3-minute marketing video, and you want to get paid at least $600, you can charge $200/hour for these deliverables.
A web host, or web hosting service provider, is a business that provides the technologies and services needed for the website or webpage to be viewed in the Internet. Websites are hosted, or stored, on special computers called servers.
Web hosting companies provide an essential service to powering the internet by using the dedicated servers that host website content. Starting a web host may seem like a daunting task, but it is actually easy when you follow laid down procedures. Though there are a lot of web server hosting companies around, but the niche is not saturated.
A voice over Internet Protocol (VoIP) service provider offers VoIP Internet telephony solutions to residential and commercial customers. VoIP calls are like regular phone calls but they’re made over a broadband high speed Internet connection rather than over a regular telephone line. The first thing that you need to do to set up a VoIP company is to find a reliable and reputed VoIP Service Provider.
The growth of your VoIP company is related to the service provider you opt for. A trustworthy and progressive VoIP Service Provider helps in the growth of your business or Company. The rising threat of VoIP frauds has made it necessary to find a good VoIP Service Provider for your business.
Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.
The use of smartphones for mobile banking, investing services and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public. You can set up a business in a related field and you are sure of your business yielding profits in a short while, you only need to ensure that you have the financial capacity to secure the capital to set up this business.
3D printing is an emerging paradigm in the printing technology industry. It isn’t just for prototyping anymore as 3D printing is used to accelerate product development, while as a manufacturing technology it is used for the production of end-use parts.
Many different materials can be used for 3D printing, such as ABS plastic, PLA, polyamide (nylon), glass filled polyamide, stereolithography materials (epoxy resins), silver, titanium, steel, wax, photopolymers and polycarbonate.
One of the easiest ways to make money with a 3D printer is to offer the printer as a commercial service or to sell items that are made with it. Businesses and individuals often want objects produced through 3D printing, but don’t have the equipment. Additionally, as a skilled designer, you can make items and sell them.
A computer consultant works for a management or computing consulting firm—or on her own—helping companies use technology effectively to grow their businesses and solve problems. Computer specialists such as systems analysts, computer scientists and computer engineers sometimes are referred to simply as “consultants.”
It is fairly easy to start your computer consulting business. You only need to choose and register a business name, file your articles of incorporation, determine license and permit requirements, locate office space, and advertise your computer consulting business.
Software development is the process of conceiving, specifying, designing, programming, documenting, testing, and bug fixing involved in creating and maintaining applications, frameworks, or other software components. Much of the work that goes on at a software development company is done on a computer.
Business owners spend time writing code, testing and debugging programs, marketing their programs and providing support to customers. These kinds of companies usually make money by charging license fees, charging by transactions, or offering subscriptions. Software products that are offered for free usually get their revenue from advertisements or through other related services such as training or technical support.
The Internet is now that base on which human activities are built on, and you can’t connect your home or workplace to the Internet without an Internet Service Provider. An Internet service provider serves as a contact point between a customer/user and the Internet.
Have it in mind that that an ISP is a user’s first point of outside contact when they leave their home or office, in order to connect to the Internet. An Internet service provider can support users, provide DNS services, process e-mail, route information and provide security. The most important feature of an ISP from the user’s perspective, is bandwidth for upload or download operations.
Biotech companies are companies that use live organisms or their products, such as bacteria or enzymes, to manufacture drugs. Common products such as beer and wine, wash detergent, and anything made of plastic are all biotechnology products. Biotechnology fields are divided into four groups, named by color. Companies working with red biotechnology apply it to medical processes, such as the production of antibiotics and genetic cures.
White biotechnology is used in industrial processes, while green biotechnology is applied to agricultural processes. Blue biotechnology is issued in marine applications. This is a financially heavy industry so you must be prepared before you can start.
A data center is a facility composed of networked computers and storage that businesses or other organizations use to organize, process, store and disseminate large amounts of data. Data centers house a network’s most critical systems and are vital to the continuity of daily operations.
Data centers can be quite expensive to start and they are also resource intensive. A 1,000 square ft. data center would then cost $1 million, on that basis. A data center of the size that Facebook or Google might use would cost from $250 million to $500 million. But you need not go this large if you are just starting out.
Bitcoin mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions. Miners run software to find the key that will open that padlock. Once their computer finds it, the box pops open and the transactions are verified.
For finding that “needle in a haystack” key, the miner gets a reward of 25 newly generated bitcoins. According to a recently published analysis conducted by Elite Fixtures, which examined the electricity costs of 115 countries, the United States ranked as the 40th cheapest to mine a single bitcoin, with an average cost of $4,758.
Drones, or unmanned aerial vehicles (UAV), are being effectively deployed in many commercial applications across a swath of industries. The technology is being used in construction work, insurance inspections, agriculture and public safety. If you are interested in the drone technology industry and you are looking towards launching a business, one of your best bet is to launch a drone rental business.
The right time to start such business is now because this business concept is presently at its growing stage. Those that are engaged in drone rental business basically rent out drones to people who need drones to carry out their businesses. With the right location, reliable drones and good marketing skills, you can attract loads of clients.
A drone inspection services company is any company that provides inspection with the aid of drones. This is a kind of security related service that works for both private and public clients at an agreed fee. In the United States of America and in most countries of the world, you would be required to own a license before you can be permitted to start a drone inspection service company.
Roof inspection by hand can be an involved, costly, and hazardous process, particularly on multistory structures. With drone technology, however, building inspections can be done safely and inexpensively, making this a great drone business idea. If you have a background in construction or building inspection, a drone inspection service could be an ideal business or an add-on to your existing inspection services.
Drone technology is quickly gaining prominence in the globe beyond the military circuit. Facts have shown that drones are very crucial especially when the risk and difficulty involved in any military operation is high and unsafe for soldiers. However, apart from the military, drones are now being used commercially.
With the number of commercial drones expected to soar into millions in the next few years, individuals whose unmanned aircraft malfunction or crash will be looking for places to get them repaired.
Drone repair services are set to explode. A lot of repair shops authorized by manufacturers to fix smaller drones already are having trouble keeping up with demand. It is important to state that starting a drone repair business can be capital intensive but it is highly profitable because the industry is still very fresh.
Ever since they showed up, drones were on a constantly evolving path and now, the models come with much more advanced features that allow them to perform tasks we would never have imagined them doing some 10 years ago. Imagine ordering something from Amazon, and at the time when you are expecting the delivery, you get a message that tells you to get out in front of your house to pick up your package.
Instead of the delivery guy, you see a drone hovering above your lawn, with your package in its landing gear! How great would that be? Well, even though there are some law issues that are still keeping this idea from realization, the fact is that it will become a reality probably in the next couple of years.
A hotspot is a physical location where people may obtain internet access for free or at a fee, typically using Wi-Fi technology, via a wireless local area network (WLAN) using a router connected to an internet service provider. Closed public networks use a Wi-Fi Hotspot Management System to control access to hotspots.
In recent time, the demand for services provided by Wi-Fi hotspot maybe on the decrease because of loads of options that internet service providers offer their subscribers, but on the other hand, if you know how to position your business, and you have fast internet that is affordable, you will sure make profits from this line of business.
Almost all businesses and homes have computers, and these people may not have the skills, time or the desire to do their own computer servicing, repairs and upgrades, and that puts a computer physician right in the middle of one of the fastest-growing industries in the world.
According to a recent report, computer sales and related services are expected to exceed $47 billion this year in the U.S. alone, with computer servicing leading the way. This goes to show that any entrepreneur who properly positions himself or herself in computer sales and servicing industry would definitely enjoy good business turnover.
As a data mining and analytics company, your responsibility is to develop software for data mining. Data mining is the process of extracting patterns from large data sets. Big data analytics is the often complex process of examining large and varied data sets to uncover information including hidden patterns, unknown correlations, market trends and customer preferences that can help organizations make informed business decisions.
Big Data is analyzed by organizations and businesses for reasons like discovering patterns and trends related to human behavior and our interaction with technology, which can then be used to make decisions that impact how we live, work, and play.
Cloud computing is an emerging paradigm computing concept that enables both information technology infrastructure and software to be delivered directly over the internet as a service. This is an arrangement that enables companies to expand their network capacity, and run applications directly on a vendor’s network. One of the benefits of cloud computing is that for very low cost you can try out a service, find out how it works, and how it might benefit your company. You simply sign yourself up for a service.
An electronics repair shop is another money spinning business that an aspiring entrepreneur who is looking towards starting a tech business should consider. One good thing about this type of business is that you can learn the technical skills from someone who is already in the business or from a technical school.
All you need to do is to rent a shop in a good location, set up the shop and advertise your electronics repair business. If you are lucky to be one of few electronic repair technicians in your community, you will make good money from this type of business.
Every year, over 4 million iPhone units are rendered useless due to broken screens alone. The mobile repair business is great for low capital business owners and it offers your customers convenience. It is also good for developing relationships with your customers and is great for referrals. The downside of the mobile repair business is that you can only work on one device at a time.
The average charge for a Cell Phone Repair Technician is $11.35 per hour. The average pay for a Cell Phone Repair Technician is $29,357 per year. Another sweet fact about this business is that you will not be limited to just iPhone repairs, you can also undertake repairs on other smartphones such as Tablets, HTCs, iPad and other Pocket devices because the operating mechanism of all smartphones are almost the same.
Home energy audits pinpoint what parts of your home’s heating and cooling system and building structure are inefficient. They also enable the auditor to determine what upgrades to your home will help you save the most energy and have the fastest payback period.
A professional energy audit will identify a home’s vulnerabilities for around $300 to $500, and experts say the decision on whether an audit makes financial sense depends on your energy savvy and how much you can charge for a diagnosis.
You can be certain that when you come across 10 adults, you are likely going to find one or more mobile phones with them. This goes to show that there is a huge market for mobile phones hence those that are involved in any mobile phone related business will always smile to the bank.
You don’t necessarily need to own your own mobile phone brand before venturing into this type of business as you can partner with a mobile phone giant to start assembling their mobile phones.
Data recovery is one out of the three natural expansion paths for those that engage in computer services with the other two being IT services and mobile device repair.
Data recovery is however more expensive to start up when compared to the other two because when storage devices fail and can no longer become readable by the computer; it is only the use of specialized equipment that can help in recovering the data. Therefore, not only will you need to be knowledgeable about data recovery but also about the types of equipment necessary to restore data.
A blockchain is a time-stamped series of immutable record of data that is managed by a cluster of computers not owned by any single entity. Each of these blocks of data are secured and bound to each other using cryptographic principles to form a chain.
Starting a blockchain startup business can be rewarding but you would have to compete with other well – established stakeholders on the Web. The fact that you will be competing with people from all over the globe is enough reason for you to be result oriented and at the same be creative with your blockchain startup business.
Artificial Intelligence (AI) is an outstanding phenomenon that strongly impacts the way we live and do business. Artificial intelligence (AI) is the simulation of human intelligence processes by machines, especially computer systems.
These processes include learning (the acquisition of information and rules for using the information), reasoning (using rules to reach approximate or definite conclusions) and self-correction. Particular applications of AI include expert systems, speech recognition, and machine vision. To succeed, AI startups need to cross the commercial divide from technology into the enterprise in a bid to sell and make profits.
A tech startup is a company whose purpose is to bring technology products or services to market. These companies deliver new technology products or services or deliver existing technology products or services in new ways. If you are well trained on information technology, it would serve you well to start an IT tech business. Your skills are what will put you on the limelight.
The cell phone market is one market that has not only exploded but has also grown tremendously and consistently. If you are an entrepreneur looking to go into this industry, then you might find that this is a very lucrative business. Just like any business that you would go into, it is very important that you conduct a thorough market research on the industry.
Carrying out a market research will enable you identify the niche you would prefer, how many competitors are in that niche and what strategies you have in place to stand out and compete favorably against your competitors.
33. Remote Tech Support Business Plan – Tech support businesses offer support to consumers on an as-needed basis. Large and small ventures leverage the services of tech support companies to provide ongoing maintenance as part of their preventative maintenance strategy.
Their services include: installation and maintenance of equipment, software installation, system networking, system auditing, troubleshooting, repair and training. As a Tech support entrepreneur, most of your days will be spent troubleshooting and fixing your client’s computer and software issues.