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Three Common Computer Repair Franchise Funding Sources Revealed by SP Home Run Inc.

Fri, 20 Apr 2012 11:00:00 EST

LAKE WORTH, FL - For many entrepreneurs looking to buy into a computer repair franchise, finding the funding to get started can be a serious hurdle. SP Home Run Inc. has found three possibilities that have proved to be popular sources of initial capital for getting a new computer repair franchise business up and running.

The three F's of funding include:

  • Family - This is often the first place that many entrepreneurs should start. Even though prospective computer repair franchise owners may not secure the capital needed, pitching to family members can be excellent practice for future conversations with others about funding. Family members know a person best and often don't need much persuasion to buy into their dreams. One important piece of advice for entrepreneurs is: if money may become more important than the relationship itself, do NOT take the funding. Don't let money affect relationships.
  • Friends - Although sometimes very supportive when it comes to backing another friend's goals and dreams, friends investing in computer repair franchise opportunities are more likely than family members to expect to see financial gains from helping to fund a business.
  • 'Fools' - If prospective computer repair franchise owners are skilled at managing relationships, then convincing a few random "fools" to invest may be a good way to go. While this could be a quick way to raise the necessary capital, it's important to note that exploiting impulsiveness or ignorance is definitely NOT the preferred approach. Rather, "fools" in this context usually refers to individuals who make investment decisions based on gut feel or emotions, rather than rigorous analysis of computer business plans. Be sure to consult an attorney and an accountant before securing any capital for a new computer repair franchise.


"It can be extremely difficult to find the funding required to start a computer repair franchise," said Joshua Feinberg, Business Development Director of SP Home Run Inc. "In a perfect world, an angel investor would magically appear with an unlimited amount of money and no strings attached. However, fairy tales aside, that is unlikely, especially for a new franchise business owner. These are several viable paths that all entrepreneurs end up following at some point and the three 'F's' can make a computer repair franchise dream possible. Just be sure to consult with a qualified local attorney and accountant to make sure your plans are sound."

More details about specific franchise options can be found in the free quick reference guide to the 13 Computer Franchises that Start Up and Support Computer Repair, IT Consulting, and Managed Service Provider Businesses, which can be downloaded from http://www.sphomerun.com/13-computer-franchises/

About SP Home Run Inc.

SP Home Run Inc. helps small business IT service providers get more high-paying, steady B2B clients by providing a suite of proven tools and resources that are available exclusively to SP Home Run Inc. members. The tools and resources focus on IT marketing and targeted lead generation, selling IT services and lead nurturing, IT service contracts, managed computer consulting, IT channel and small business technology, and how to start a computer repair business.

The company currently serves clients all over the world. Its client base includes computer consulting businesses, VARs, network integrators, IT solution providers, MSPs, system builders, and computer repair businesses.

More information about SP Home Run Inc. can be found at http://www.sphomerun.com/About-SP-Home-Run-Inc/

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Source: WebWire



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