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Jennifer Raney Herriage

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Electronics Retailer Business Plan

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Electronics Retailer Business Plan


Safe Current is small business unit of The Cleveland Illuminating Company (TCIC), and electric utility. Brian Henderson is the leader of Safe Current.

Safe Current has identified three key elements that will ensure its sustainability.

  1. You can ensure 100% customer satisfaction by referring customers and repeat customers.
  2. Sell and design meaningful power protection products.
  3. Establish and enforce strict financial controls. This is critical because Safe Current may be a small business unit, but it is a standalone entity. They have to be financially independent and accountable to shareholders.

Products

Safe Current will offer surge protectors as well as surge arrestors. These products will be manufactured by a contract manufacturer and sold as Safe Current.

  • Surge Arrestors: This is a piece of equipment that is mounted on the outside of a house or business near the meter that offers protection from external electrical surges.
  • Surge Protectors – This equipment protects appliances from internal electrical spikes. All Safe Currents protectors meet industrial standards.

Management

Brian is a Case Western Reserve University MBA graduate and has experience as an assistant project manger at ATT. Allegheny Power works in the value addition services department. Safe Current is forecasted to have impressive sales for years two- and three, with correspondingly good net profits.

1.1 Objectives

  • To develop a profitable product for TCIC that is unregulated from the core power generation business services.
  • To be profitable in one year.
  • To make it a profitable model for future ventures.

1.2 Mission

To develop surge protectors/arrestors that offer safety and value to consumers. Safe Current will benefit from The Cleveland Illuminating Company’s strength to help increase brand recognition. With their innovative products, customers will be satisfied.

1.3 Keys of Success

  • Guarantee 100% customer satisfaction
  • Sell and design power protection products that are meaningful and valuable.
  • Financial controls should be implemented and maintained.


Electronics Repair Business Plan

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Electronics Repair Business Plan


Abbey Electronic Services, a full-service repair shop for electronic devices, is opening in Montclair’s Cherry Grove section. The opening of the business is in conjunction with the completion of the Cherry Grove Shopping Center. Harry&#8217s Electronics (one of the center’s tenants) and Olson&#8217s ApplianceSuperstore (one of its two tenants) have signed third party repair agreements with Abbey Electronic Services. Abbey Electronic Services has an agreement to provide warranty service for selected manufacturers.

Abbey&#8217’s will be open to the public to repair consumer electronics, with or without warranty. Cherry Grove is a growing residential area that will provide Abbey Electronic Services with a solid customer base.

Richard Abbey is the owner of Abbey. He has 25 years of experience working in the electronics repair industry. His reputation for excellence is well established and he is a highly-respected electronics instructor at the community college’s Electronics Engineering Technology program.

Abbey Electronic Services will include Richard alongside two electronic technicians.

1.1 Mission

Abbey Electronic Services strives to provide high-quality electrical repairs services, with a focus of convenience and quick service. Abbey Electronic Services also has an advanced technology platform that monitors all parts inventory. This helps ensure critical parts are always available and allows for inventory turnover to be maximized. Finally, Abbey Electronic Services has strong relationships with the regional vendors who are capable of shipping major parts rapidly (on an overnight timeline in most cases).

Abbey Electronic Services is about building a strong professional relationship with all our customers that is grounded in honesty, fairness and integrity of service.

1.2 Keys to Success

Abbey Electronic Services’#8217 key to success includes:

  • We offer exceptional, prompt, and convenient electrical repairs services.
  • Establishing strong professional relationships with customers.
  • Order and receive your electrical parts quickly


Electronics Repair Shop Business Plan

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Electronics Repair Shop Business Plan


Tucson is a startup located in Tucson Arizona’s West End. The company specializes on the repair and sale of home electronics, including TVs, DVDs VCRs and CD-players.

We are looking for people who care about their entertainment equipment. They may also own higher-end electronics where repairs might be more economical than replacing them. VCRs, especially low-end models, are more affordable than replacing them.

James Munroe was a retired Navy Commander who is now the company’s manager. He has an electrical engineering degree and is also the owner of the company. He is an accredited electronics technician and has worked with many brands. He will also hire his son for help in growing and running the business.

1.1 Objectives

Tucson Electronics (TE), a growth-oriented company, is a great example of entrepreneurship. It aims to be a regional leader for TV/VCR/home-speaker repair within a span of ten years, with offices in Tucson and Phoenix. This is what Tucson Electronics hopes to achieve over the next 3 years.

  • Achieve steady growth in sales revenues by year three.
  • By year five, you will have a market share of 20% in the Tucson area.
  • Expand product range to include satellite service installation authorization and home entertainment electronics sales.

1.2 Mission

The mission of Tucson Electronics is to provide high quality, convenient and comprehensive TV/DVD/VCR and home electronics repair at a low cost. Trust is the key aspect of our business. It is the goal of our firm to have 100% customer satisfaction in regards to quality, friendliness and time to completion, and discover new ways to exceed the expectations of our customers while doing so at the lowest possible cost.

1.3 Keys to Success

In the TV/VCR repair industry a company builds its client base one customer at a time and mostly through established marketing practices (ads, billboards, etc.). With this in mind, the keys to success for Tucson Electronics are:

  • High-quality work.
  • Always pay attention to professional appearances.
  • Customer-oriented technicians who are knowledgeable and friendly and can explain to customers the intricacies of our business.
  • To provide the best service, we must maintain a strict managerial oversight of costs.


DISCLOSURES

Texas Real Estate Commission Information About Brokerage Service

Texas Real Estate Commission Consumer Notice

About Jennifer

Unlike many who get into the field, real estate has been the only career for Jennifer Raney Herriage, who has excelled in serving clients for over 20 years.  Having grown up in a real estate family, Jennifer was first inspired by her mother, a broker … Read more...