Technology description business plan

Every business needs technology.

technology description business plan

Even if your company makes old-fashioned chocolate chip cookies, you'll rely on technology to handle most routine business operations, from maintaining financial records, to processing orders, to staying in contact top home work editing services for mba suppliers and customers.

Because technology is so central to running a technology description business plan today, you need to plan what technology you will use and how you will use it. Rhonda Abrams writes a widely read column on entrepreneurship and small business. She has started and built three companies, including her publishing company, Running 'R' Media, and her newest enterprise, RhondaWorks, which plans technology description business plan offer a comprehensive online interactive business planning center.

Visit Abrams at www. Top Stories.

How to Develop Business IT Strategies

Top Videos. Planning Your Technology Needs. Why a Technology Plan? Many decisions you make about your technology, such as the choice of your database program, may be costly or cumbersome to change later. When outlining your technology plan, keep in technology description business plan how your company might grow or change; try to choose technology that is flexible enough to grow and change with you.

Find real users problem first

As much as possible, choose technology that, while meeting your needs, is simpler rather than overly complex. All those extra "features" may just make your technology whether it be a software program or a telephone harder to use.

technology description business plan

Specialized or "Off the Shelf"? Some industries have vendors who produce specialized software or hardware to meet industry-specific demands. Your trade association can technology description business plan you identify vendors of such industry-specific technology, and you can typically find many sources exhibiting at industry trade shows.

Although these products may be more expensive than general off-the-shelf software, these products may better suit your company's specific needs, and they're less expensive than having software created specifically for you. Check, however, to see how compatible these industry-specific items are with common software or hardware; you'll probably want to use some off-the-shelf products. Planning for Technology Businesses : If you are preparing a business plan for a company that cheap thesis writer for hire online heavily dependent on technology -- such as an e-commerce company, expect some potential businfss, especially venture technology description business plan, to scrutinize your technology plan in fairly great detail.

How to Identify Business IT Needs

In companies where technology is technology description business plan the core business, potential investors want detailed information about the nature of your technology. This description can be included as part of the section of your business plan describing "Products and Services," or it can be a separate section of your plan.

It should describe the basic concept and features of your technology with a level of detail geared to the expertise of the potential technology description business plan. Be careful, however, about how you provide the necessary data.

technology description business plan

You'll need to show the viability of your concept without revealing extremely sensitive company secrets which should not be put in a written custom masters essay proofreading service usa plan.

When you examine your business operations, look at which functions require or could benefit from technology. Common business desciption that utilize technology:. Choosing Technology Key issues when choosing technology include:.

What features do you absolutely need? What features would be helpful, although they are not absolutely essential? How often will you need to change or update computer software? Does technology description business plan equipment have to be compatible technology description business plan other equipment or lots of software With equipment that uses "consumables," such as ink cartridges for printers, are replacement supplies readily available?

Do you do tasks like design, desktop publishing, presentations? If so, go for the latest equipment. Those types of software programs eat up lots of memory and processing speed.]