Ok, I am going to layout my business strategy and would like some feedback. My business partner and I both work in the field of IT. We both have been working in the field for 6 years. We both have been doing projects on the side for people for a nice amount of time. We decided to partner up and turn it into a business. So we already have customers. We kinda started the business backwards. We had customers before having a plan or structure. We are going through the process of creating the business plan, marketing plan, and our business structure (getting accountants, creating policies etc.) We have registered a LLC and created a company as a DBA under an LLC we started.
We have two parts to our business Web hosting and technology consulting with a focus on web design, networking, security, install/support of business software, and general support. Our plan is to take the first year to focus on getting the structure in place and continuing to work with our current customers to work out the bugs in how we run the business. The second year we will start our marketing and we want to grow the web hosting side of the business over five years. We really want to grow this side first because our web hosting accounts are consistent/reoccurring revenue.
We have outsourced our sales reps/customer service, and general level 1 technical support. This allows us to continue working full time while growing the business. Our plan is to grow and use this income so we can leave our full time positions and work only for our business. Once we are running our business full time we will begin marketing our technology consulting services and that side of the business. This side will provide greater profit but requires us to work at customers sites. Once that is going well we will explore raising capitol (business loan) and possibly bringing in employees or just seeing were the business can go in the future. Does this sound like a realistic plan?
We have two parts to our business Web hosting and technology consulting with a focus on web design, networking, security, install/support of business software, and general support. Our plan is to take the first year to focus on getting the structure in place and continuing to work with our current customers to work out the bugs in how we run the business. The second year we will start our marketing and we want to grow the web hosting side of the business over five years. We really want to grow this side first because our web hosting accounts are consistent/reoccurring revenue.
We have outsourced our sales reps/customer service, and general level 1 technical support. This allows us to continue working full time while growing the business. Our plan is to grow and use this income so we can leave our full time positions and work only for our business. Once we are running our business full time we will begin marketing our technology consulting services and that side of the business. This side will provide greater profit but requires us to work at customers sites. Once that is going well we will explore raising capitol (business loan) and possibly bringing in employees or just seeing were the business can go in the future. Does this sound like a realistic plan?