business plans related to ict

IT Services Business Plan Template

Written by Dave Lavinsky

IT Services Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their IT companies.

If you’re unfamiliar with creating an IT business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write an IT business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is an IT Services Business Plan?

A business plan provides a snapshot of your IT business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for IT Company

If you’re looking to start an IT business or grow your existing IT company, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your IT business to improve your chances of success. Your IT business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for IT Businesses

With regards to funding, the main sources of funding for an IT business are personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for IT companies.

Finish Your Business Plan Today!

How to write a business plan for an it services business.

If you want to start an IT business or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your IT business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of IT business you are running and the status. For example, are you a startup, do you have an IT business that you would like to grow, or are you operating a chain of IT businesses?

Next, provide an overview of each of the subsequent sections of your plan.

• Give a brief overview of the IT industry.
• Discuss the type of IT business you are operating.
• Detail your direct competitors. Give an overview of your target customers.
• Provide a snapshot of your marketing strategy. Identify the key members of your team.
• Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of IT business you are operating.

For example, you might specialize in one of the following types of IT businesses:

• Computer repair: This type of IT business provides computer maintenance and repair services.
• Computer training: This type of IT professional specializes in teaching others how to use computers as well as various software and computer programs.
• IT support: This type of IT professional provides services for businesses such as setting up a network, backing up data, and systems management.
• Cloud computing: This type of IT specialist helps individuals and businesses establish cloud platforms and tools, or may help to migrate their information to the cloud.

In addition to explaining the type of IT business you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of new clients served, the number of repeat clients, reaching $X amount in revenue, etc.
• Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the IT industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the IT industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your IT business plan:

• How big is the IT industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential target market for your IT business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your IT business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: individuals, schools, families, and corporations.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of IT business you operate. Clearly, individuals would respond to different marketing promotions than corporations, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

Finish Your IT Business Plan in 1 Day!

Don’t you wish there was a faster, easier way to finish your business plan?

With Growthink’s Ultimate Business Plan Template you can finish your plan in just 8 hours or less!

Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other IT businesses.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes other types of IT consultants, in-house IT support, or do-it-yourself IT tutorials. You need to mention such competition as well.

For each such competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

• What types of customers do they serve?
• What type of IT business are they?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you make it easier for clients to acquire your product or service?
• Will you offer products or services that your competition doesn’t?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For an IT business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of IT company that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide cloud computing, data center management, or network setup services?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the products and/or services you offer and their prices.

Place : Place refers to the site of your IT company. Document where your company is situated and mention how the site will impact your success. For example, is your IT business located in a busy retail district, a business district, a standalone office, or purely online? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your IT marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

• Advertise in local papers, radio stations and/or magazines
• Reach out to websites
• Distribute flyers
• Engage in email marketing
• Advertise on social media platforms
• Improve the SEO (search engine optimization) on your website for targeted keywords

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your IT business, including answering calls, meeting with new clients, billing and collecting payments from clients, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to acquire your Xth client, or when you hope to reach $X in revenue. It could also be when you expect to expand your IT business to a new city.

Management Team

To demonstrate your IT business’ potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing IT businesses. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing an IT business or successfully running a small IT consulting service.

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you charge your clients an hourly rate of $250 per hour, and will you work 5 hours per day? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your IT business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing an IT business:

• Cost of equipment and office supplies
• Payroll or salaries paid to staff
• Business insurance
• Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your office location lease or a list of your IT credentials.

Writing a business plan for your IT business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert on IT business planning. You will understand the IT industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful IT business.

IT Business Plan FAQs

What is the easiest way to complete my it services business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your IT services business plan.

How Do You Start an IT Services Business?

Starting an IT business is easy with these 14 steps:

• Choose the Name for Your IT Business
• Create Your IT Business Plan
• Choose the Legal Structure for Your IT Business
• Secure Startup Funding for Your IT Business (If Needed)
• Secure a Location for Your Business
• Register Your [Sector] Business with the IRS
• Open a Business Bank Account
• Get a Business Credit Card
• Get the Required Business Licenses and Permits
• Get Business Insurance for Your IT Business
• Buy or Lease the Right IT Business Equipment
• Develop Your IT Business Marketing Materials
• Purchase and Setup the Software Needed to Run Your IT Business
• Open for Business

Don’t you wish there was a faster, easier way to finish your IT business plan?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to see how Growthink’s business plan services can give you a winning business plan.  

Other Helpful Business Plan Articles & Templates

IT Company Business Plan: Everything You Need to Know

An IT company business plan is a detailed plan for running and developing an information technology company. 3 min read updated on February 01, 2023

An IT company business plan is a detailed plan for running and developing an information technology company. It should describe all aspects of the business, including the company's description, product description, marketing strategy, and financial analysis, in a clear and precise manner.

Tips for Writing a Great Business Plan

A business plan should set out a clear roadmap for developing and expanding your business. Keep the following points in mind while writing a business plan:

• Test your idea. Avoid the temptation of jumping into a business merely on the basis of the success stories of others. Discuss your idea with prospective customers, vendors, and other people in the industry.
• Study the market to get an idea of industry trends, underlying challenges, and scope of future growth.
• Share your business plan with your employees. It is not something to be kept confidential.
• Write it in a clear and concise manner. Be specific, and cover all areas of the business.
• Put the plan to use; simply filing it away will not serve any purpose. Refer to it whenever possible.
• Revisit and revise your plan as your business grows.

Sections of a Business Plan

A typical business plan includes the following sections:

• Executive summary.
• Description of the company.
• Market research.
• Product or service description.
• Management structure.
• Sales and marketing strategy.
• Financial Analysis.

Benefits of Writing a Business Plan

Writing down your business plan offers the following benefits, among others:

• You get to understand your business better.
• It increases the chances of your business's success.
• It makes it easier to raise capital for a startup.
• Businesses with a written plan grow at a higher rate than those without any written plan.

Steps to Writing a Startup Business Plan

1. Have a Clear Objective

• Make sure that the company description is not ambiguous. The company description can also include your business's mission statement.
• State the reason for choosing that specific business. For example, you might be prompted to open a restaurant because no other restaurants in your area serve the cuisine your restaurant specializes in.
• Discuss the vision and growth prospects of your business in brief.

The summary should be concise and should not exceed four paragraphs.

2. Identify Your Target Market

Narrow down your target market based on geography, demography, psychology, and behavior. Your final target market may look like the following:

• Ages 20 to 35
• Living in the New York area
• With an annual income of $50,000-$60,000
• Who are interested in recycling and sustainable living

3. Analyze the Competition

Perform a competition analysis and differentiate your product accordingly. Price and quality can be two important differentiating factors. You should analyze the competition while simultaneously identifying your target market since both these steps are a part of the market research section of your business plan.

4. Prepare a Budget

Estimate the amount of funds you will need to start and operate the business. Many startups fail due to lack of funds. Preparing a budget beforehand will reduce this risk. When calculating your budget, consider all possible expenses, including the following:

• Cost of equipment.
• Money required for buying or leasing property.
• Legal fees.
• Employees' salaries.
• Insurance premiums.
• Inventory cost.

5. Make Financial Projections

Prepare financial projections based on the size of your target market and your expected market share. Include the expansion strategy in your projections. Keep your projections reasonable and make sure you cover three to five years of operations.

6. Define Your Business Structure

Define the organizational structure of your business. Having a clear hierarchy of power removes unnecessary doubt and debates over jobs and reporting positions. However, avoid adding too many layers in your business structure since that may create confusion and make the communication inefficient.

7. Prepare a Marketing Plan

A well-balanced marketing plan should include a strategy for customer acquisition in line with your target market, budget, and financial projections.

Some of the basic ideas for a marketing plan include the following:

• Launching a website.
• Being active on social media.
• Building a subscribers' list.
• Setting up loyalty programs.

8. Keep It Short and Simple

Although your business plan should be detailed and thorough, make it a point to keep it short and simple. Write it professionally and avoid using jargon. Proofread the plan for grammar, readability, and confusion.

If you need help with IT company business plan, you can post your legal need on UpCounsel's marketplace. UpCounsel accepts only the top 5 percent of lawyers to its site. Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb.

Hire the top business lawyers and save up to 60% on legal fees

Content Approved by UpCounsel

• Creating a Business Plan
• Sample of a Good Business Plan
• Service Business Plan
• Business Plan for Existing Company
• Business Plan for New Company
• Do I Need a Business Plan
• Parts of Business Plan and Definition
• LLC Business Plan Template
• Business Plan Contents Page
• Business Description Outline

Technology Business Plan Template

Written by Dave Lavinsky

Technology Business Plan

You’ve come to the right place to create your own Technology business plan.

We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Technology businesses.

Technology Business Plan Example & Template

Below is a Technology business plan template and sample to help you create each section of your own business plan.

Executive Summary

Business overview.

Kearney Tech Inc., located in Houston, Texas is a tech startup that focuses on developing and commercializing new artificial intelligence (AI) technology applications designed for small-to-medium sized businesses. The company has created proprietary technology that helps businesses improve their profitability by using AI to increase customer engagement. We offer multiple products, including AI hardware, marketing AI software, and CRM AI software. Many of our most basic services are free, but the rest can be accessed by paying a subscription fee. By providing flexible and affordable subscription options for our clients, Kearney Tech Inc. aims to be the next big technology company in the AI space for small and medium-sized businesses.

Kearney Tech Inc. was founded and is led by Abigail Kearney. Abigail has been a senior software engineer for nearly 10 years and has extensive experience in artificial intelligence and machine learning. In addition to her experience, she has a bachelor’s degree in computer science and an MBA. Her education and experience are sure to lead Kearney Tech Inc. to success.

Product Offering

Kearney Tech Inc. will showcase a variety of different applications for its AI technology that companies can utilize to increase their customer engagement from day one. Businesses can choose the platform package that works for them, based on a freemium subscription pricing structure.

The following are the services that Kearney Tech Inc. will provide:

• AI Hardware
• Marketing AI Software
• Customer Relationship Management AI Software
• Customer Support AI Software
• Technology Training: Training sessions on how to use our AI solutions and integrate them into their businesses

Customer Focus

Kearney Tech Inc. will serve small to medium-sized businesses within a 30-mile radius of Houston, Texas. Many of the businesses in our target demographic are startups looking to expand their reach and thus would benefit from technology that can increase their customer base.

Management Team

Kearney Tech Inc. will also employ an experienced assistant to work as a business analyst and help with various administrative duties around the office. She will also hire several developers, salesmen, and other administrative staff to assist her.

Success Factors

Kearney Tech Inc. will be able to achieve success by offering the following competitive advantages:

• Management: Abigail Kearney has been extremely successful working in the technology industry and will be able to use her previous experience to provide the best service experience. Her unique qualifications will serve customers in a much more sophisticated manner than Kearney Tech Inc.’s competitors.
• Relationships: Abigail Kearney knows many of the local leaders, business managers, and other influencers within Houston, Texas. With her 10 years of experience and good relationships with business leaders in the area, she will be able to develop an initial client base.
• Proprietary technology : The company has developed proprietary AI technology that will be used to add new data sources, expand on valuable insights, launch advanced features like benchmarking, provide predictive and prescriptive analytics, and ensure self-guided data discovery.
• Client-oriented service: Kearney Tech Inc. will have full-time customer service and sales managers to keep in contact with clients and answer their everyday questions.

Financial Highlights

Kearney Tech Inc. is seeking a total funding of $400,000 of debt capital to open its office. The funding will be dedicated to office design, software development, marketing, and working capital. Specifically, these funds will be used as follows:

• Office design/build: $50,000
• Software development: $150,000
• Three months of overhead expenses (payroll, rent, utilities): $150,000
• Marketing costs: $25,000
• Working capital: $25,000

The following graph below outlines the pro forma financial projections for Kearney Tech Inc.:

Company Overview

Who is kearney tech inc..

Abigail began researching what it would take to create her own technology company and did a thorough analysis of the costs, market, demographics, and competition. Abigail has compiled enough information to develop her business plan in order to approach investors.

Kearney Tech Inc.’s History

Once her market analysis was complete, Abigail Kearney began surveying the local vacant office space and located an ideal location to house the technology company. Abigail Kearney incorporated Kearney Tech Inc. as a Limited Liability Corporation in April 2023.

Since incorporation, the company has achieved the following milestones:

• Located available office space for rent
• Developed the company’s name, logo, and website
• Determined equipment and necessary supplies
• Began recruiting key employees

Kearney Tech Inc. Services

Industry analysis.

As of 2021, the global technology industry was valued at approximately $5.2T. Of all countries worldwide, the United States currently has the largest technology market, with 32% of the market share at $1.7T. The technology industry in the U.S. accounts for a large part of the nation’s economy.

The Information Technology market can be segmented by categories such as software, devices, infrastructure IT and business services, emerging technology, and telecom services. In the United States, IT and business services hold the greatest market share (30%), followed by software (20%) and telecom services (20%).

Market drivers include the economy, employment rates, and the digital transformation of daily life for a growing number of people and businesses worldwide. Corporations and organizations are seeking IT service providers that can help improve their software, cybersecurity, data, and infrastructure. Technology companies that can provide products and services that cater to these issues can be competitive in the constantly evolving market.

Technology is an integral part of society. Developments in AI and machine learning are essential to keep society moving forward and make businesses more efficient. Therefore, businesses will always be in need of AI solutions to bring in more customers and streamline their services and products. According to Market Watch, the Technology industry is set to grow at a CAGR of 25.73% from now until 2027. Very few industries see this growth, which shows how much demand there is for technological solutions. Therefore, we expect Kearney Tech Inc. to see great success in our local market.

Customer Analysis

Demographic profile of target market.

Kearney Tech Inc. will serve the small and medium-sized businesses of Houston, Texas, and the surrounding areas.

Many small businesses in the community are startups or established enterprises looking to expand their reach and thus would benefit from technology that can increase their customer engagement.

Customer Segmentation

Kearney Tech Inc. will primarily target the following customer profiles:

• Small businesses
• Medium-sized businesses

Competitive Analysis

Direct and indirect competitors.

Kearney Tech Inc. will face competition from other companies with similar business profiles. A description of each competitor company is below.  

Tekuserv has been a reliable technology company in Houston, Texas for more than fifteen years. The company is known for its wide range of technology solutions that serve many small-to-medium-sized businesses. With its large number of experts focused on delivering customer satisfaction, the organization maintains its high standard of developing quality products and providing exceptional customer service. Tekuserv provides business software on a freemium subscription basis. It develops enterprise technology solutions with a focus on customer relationship management.  

Prime AI Business Solutions

Prime AI Business Solutions is a technology development company in Houston, Texas. In business for several years, the company has developed highly-rated AI solutions used by many well-known businesses in a variety of industries. Prime AI Business Solutions now offers a range of AI hardware and software products geared toward helping businesses of all sizes increase their customer base. The company has also introduced a “pay-as-you-grow” pricing model that scales to provide users with more support as they scale up.  

AICE Developments

AICE stands for Artificial Intelligence for Customer Engagement. AICE Developments is also a local technology company that manufactures and distributes a variety of technology products. AICE Developments was established in 2009 in Houston, Texas, providing integrated AI applications and platform services. Its products include applications and infrastructure offerings delivered through various IT deployment models, including on-premise deployments, cloud-based deployments, and hybrid deployments. The company serves automotive, financial services, healthcare, hospitality, retail, utilities, construction, etc. It provides AI solutions for enterprise marketing and customer engagement.

Competitive Advantage

Kearney Tech Inc. will be able to offer the following advantages over the competition:

• Proprietary technology: The company has developed proprietary AI technology that will be used to add new data sources, expand on valuable insights, launch advanced features like benchmarking, provide predictive and prescriptive analytics, and ensure self-guided data discovery.

Marketing Plan

Brand & value proposition.

Kearney Tech Inc. will offer a unique value proposition to its clientele:

• Service built on long-term relationships
• Big-firm expertise in a small-firm environment
• Thorough knowledge of the clients and their varying needs
• Proprietary technology developed by skilled software engineers

Promotions Strategy

The promotions strategy for Kearney Tech Inc. is as follows:

Kearney Tech Inc. understands that the best promotion comes from satisfied customers. The company will encourage its clients to refer other businesses by providing economic or financial incentives for every new client produced. This strategy will increase in effectiveness after the business has already been established.

Social Media

Kearney Tech Inc. will invest heavily in a social media advertising campaign. The brand manager will create the company’s social media accounts and invest in ads on all social media platforms. It will use targeted marketing to appeal to the target demographics.

Website/SEO

Kearney Tech Inc. will invest heavily in developing a professional website that displays all of the features and benefits of the technology company. It will also invest heavily in SEO so that the brand’s website will appear at the top of search engine results.

Direct Mail

Kearney Tech Inc. will blanket businesses with direct mail pieces. These pieces will provide general information on Kearney Tech Inc., offer discounts, and/or provide other incentives for companies to use the AI platform.

Kearney Tech Inc.’s pricing will be on par with competitors so clients feel they receive great value when purchasing the technology.

Operations Plan

The following will be the operations plan for Kearney Tech Inc.:

Operation Functions:

• Abigail Kearney will be the Owner and CEO of the company. She will oversee all the operations and executive functions of the company. In the beginning, she will also provide customer support and market/sell AI products to potential clients.
• Abigail will employ an experienced assistant to work as a business analyst and help with various administrative duties around the office.
• Abigail will also hire several developers to maintain and develop AI products and services.
• Abigail will also hire a solid sales team to sell our products to potential clients. As the company grows, she will also hire a team that is solely dedicated to customer service.

Milestones:

Kearney Tech Inc. will have the following milestones completed in the next six months.

5/2023 – Finalize lease agreement

6/2023 – Design and build out Kearney Tech Inc.

7/2023 – Hire and train initial staff

8/2023 – Kickoff of promotional campaign

9/2023 – Launch Kearney Tech Inc.

10/2023 – Reach break-even

Financial Plan

Key revenue & costs.

Kearney Tech Inc.’s revenues will come primarily from its technology solution subscription sales. The company will use a freemium subscription model, in which basic functions can be used by any company for free. Additional solutions and support will be available in a tiered package model based on the enterprises’ size and the number of users.

The office lease, equipment, supplies, and labor expenses will be the key cost drivers of Kearney Tech Inc. Ongoing marketing expenditures are also notable cost drivers for Kearney Tech Inc.

Funding Requirements and Use of Funds

Key assumptions.

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and pay off the startup business loan.

• Average number of clients per month
• Annual rent: $20,000

Financial Projections

Income statement, balance sheet, cash flow statement, technology business plan faqs, what is a technology business plan.

A technology business plan is a plan to start and/or grow your technology business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections. You can easily complete your Technology business plan using our Technology Business Plan Template here .

What are the Main Types of Technology Businesses?

There are a number of different kinds of technology businesses, some examples include: Network technology, Software technology, and Customer relationship technology.

How Do You Get Funding for Your Technology Business Plan?

Technology businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a Technology Business?

Starting a technology business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A Technology Business Plan - The first step in starting a business is to create a detailed technology business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your technology business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your technology business is in compliance with local laws.

3. Register Your Technology Business - Once you have chosen a legal structure, the next step is to register your technology business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.

4. Identify Financing Options - It’s likely that you’ll need some capital to start your technology business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms.

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events.

7. Acquire Necessary Technology Equipment & Supplies - In order to start your technology business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation.

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your technology business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.

Learn more about how to start a successful Technology business: How to Start a Tech Company

ZenBusinessPlans

Home » Sample Business Plans » Technology

How to Write an IT Tech Startup Business Plan [Sample Template]

Are you about starting an IT tech startup? If YES, here is a detailed sample IT tech startup business plan template & feasibility report you can use for FREE . If you are a software developer or you have a background in the ICT industry and you are looking for An IT business to start, then you need to look far because there are loads of businesses in the industry and one of them is software as a service (or SaaS) company.

Software as a service (or SaaS) is an emerging paradigm business that enables software to be delivered as a service. This is an arrangement that enables companies to expand their network capacity, and run applications directly on a vendor’s network, offer a host of advantages with the most primary being radically lowering IT costs.

The lower budgetary requirements and commitments allow even smaller companies to piece together an IT project without spending on purchasing legacy server, and storage systems. However, due to the technical nature of this business, it would be wise to consult with a business consultant before starting off.

If your business concept is a great one, the business consultant would offer you tips and suggestions on the way forward. Below is a sample IT tech startup company business plan template that can help you successfully write your own with little or no stress.

A Sample IT Tech Startup Business Plan Template

1. industry overview.

An IT technology company (often tech company) is a type of business entity that focuses on the development and manufacturing of technology products, or providing technology as a service. “Technology”, in this context, has come to mean electronics-based technology. This can include businesses relating to digital electronics, software, and internet-related services, such as e-commerce.

For the purpose of this business plan, we will be looking at software development as a service. Software as a service (or SaaS) is part of the Business Analytics and Enterprise Software Publishing industry and players in this industry consist of companies that are into ERP software, bi software, crm software, scm software and other software development and they may decide to strictly adopt the Software as a services (SaaS) Business model.

A recent report published by IBISWorld shows that the Business Analytics and Enterprise Software Publishing industry has grown steadily due to favorable demand conditions caused by high corporate profit and investment. Over the five years to 2018, industry revenue rose at an annualized rate of 7.1 percent, driven by businesses’ increased technological complexity and the eagerness to adopt efficiency-enhancing software.

The report also shows that many industry products, such as customer relationship management and enterprise resource planning software systems, have become basic tools in the management of large companies. In 2018, industry revenue is expected to rise 2.6 percent to $55.4 billion. The world’s largest software companies have spent the past five years acquiring high-performing enterprise software vendors, cloud companies and data.

The report further states that over the past five years, the Business Analytics & Enterprise Software Publishing in the US industry has grown by 7.1 percent to reach revenue of $55bn in 2018. In the same timeframe, the number of businesses has grown by 10.0 percent and the number of employees has grown by 10.2 percent.

The Business Analytics and Enterprise Software Publishing industry is indeed a growing industry and is gaining ground in most countries of the world. Statistics has it that in the united states of America alone, there are about 2,869 registered and licensed business analytics and enterprise software publishing companies (Software as a services (SaaS) business model inclusive) responsible for employing about 139,347 people and the industry rakes $55 billion annually.

The industry is projected to grow at 7.1 percent annual growth within 2013 and 2018. The companies holding the largest market share in the Business Analytics & Enterprise Software Publishing in the US industry include SAP SE, International Business Machines Corporation, Salesforce.com Inc. and Oracle Corporation.

Some of the factors that encourage entrepreneurs to start their own Software as a service (SaaS) business could be the growing recognition of economic and operational benefits and the efficiency of this business model. As companies ease out gradually from the economic uncertainties and financial shackles, widespread adoption of Software as a service is in the offing.

The successful adoption of this technology concept will pave the way for mass enterprise adoption of Software as a service in the upcoming years. The transition of enterprises from virtual machines to the cloud will additionally extend the impetus required for strong growth of Software as a service (SaaS).

Poised to score the maximum gains will be end-to end cloud-computing solutions that offer complete functionalities ranging from integration of internal and external clouds, automation of business-critical tasks, and streamlining of business processes and workflow, among others.

Over and above, starting a software as a services (SaaS) company requires professionalism and good grasp of how the ICT industry works. Besides, you would need to get the required certifications and license and also meet the standard security expected for players in the industry in the United States.

2. Executive Summary

Joel Rogers® Technologies, Inc. is an IT tech startup that will specialize in offering software as a service (SaaS). The business will be based in Overland Park – Kansas and we were able to secure a well – positioned and standard office facility.

Joel Rogers® Technologies, Inc. is a client – focused and result driven IT tech startup company that is into ERP software, bi software, crm software, scm software and other software development. We will provide broad – based software development services at an affordable fee that won’t in any way put a hole in the pocket of our clients. We will offer standard and professional services to all to our clients.

At Joel Rogers® Technologies, Inc., our client’s best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professionals who are experienced in the business analytics and enterprise software publishing industry in general.

Joel Rogers® Technologies, Inc. will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

Our plan is to position the business to become the leading brand in software as a service (SaaS) business in the whole of Overland Park – Kansas, and also to be amongst the top 10 IT tech startup companies in the United States of America within the first 10 years of operation. This might look too tall a dream but we are optimistic that this will surely be realized.

Joel Rogers® Technologies, Inc. will be owned and managed by Joel Rogers. He has a Bachelor of Technology. He is a certified SOC 2 – Trust (SOC 2 is designed specifically for SaaS operations) and has over 10 years’ experience working in related industry as a senior software engineer prior to starting Joel Rogers® Technologies, Inc.

3. Our Products and Services

Joel Rogers® Technologies, Inc. is going to offer varieties of services within the scope of the business analytics and enterprise software publishing industry in the United States of America. We are well prepared to make profits from the industry and we will do all that is permitted by the law in the United States to achieve our business goals, aim and ambition.

Our business offerings are listed below;

• ERP software development
• BI software development
• CRM software development
• SCM software development
• Other software development

4. Our Mission and Vision Statement

• Our vision is to build an IT tech startup company that will be among the forerunners when it comes to offering software as a service (SaaS) in the world.
• Our mission is as an IT tech startup with bias in software as a services (SaaS) is to help a wide range of clients develop customized software that will help them simplify their businesses and operations.

Our Business Structure

Ordinarily we would have settled for two or three staff members, but as part of our plan to build a standard IT tech startup company in Overland Park – Kansas, we have perfected plans to get it right from the beginning which is why we are going to ensure that we have competent, honest and hardworking employees to occupy all the available positions in our firm.

The kind of IT tech startup company we intend building and the business goals we want to achieve is what informed the amount we are ready to pay for the best hands available in and around Overland Park – Kansas as long as they are willing and ready to work with us.

Below is the business structure that we will build Joel Rogers® Technologies, Inc. on;

• Chief Executive Officer
• Programmers and Software Developers

Admin and HR Manager

• Digital Marketers (Marketing and Sales Executive)
• Customer Care Executive / Front Desk Officer

5. Job Roles and Responsibilities

Chief Executive Office:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results
• Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for fixing prices and signing business deals
• Responsible for providing direction for the business
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization

Programmers and Software Developer

• Responsible for designing, installing, testing and maintenance of software systems for the organization
• Identifying areas for modification in existing programs and subsequently developing these modifications
• Writing and implementing efficient code
• Determining operational practicality
• Developing quality assurance procedures
• Training users
• Working closely with other developers, UX designers, business and systems analysts
• Presenting ideas for system improvements, including cost proposals
• Working closely with analysts, designers and staff
• Producing detailed specifications and writing the programme codes
• Maintaining and upgrading existing systems once they are up and running
• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
• Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
• Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
• Defining job positions for recruitment and managing interviewing process
• Carrying out induction for new team members
• Responsible for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Oversee the smooth running of the daily office activities.

Marketing and Sales Executive

• Identify, prioritize, and reach out to new partners, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts
• Writing winning proposal documents, negotiate fees and rates in line with company policy
• Responsible for handling business research, marker surveys and feasibility studies for clients
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Document all customer contact and information
• Represent the company in strategic meetings
• Help increase sales and growth for the company
• Responsible for preparing financial reports, budgets, and financial statements for the organization
• create reports from the information concerning the financial transactions as recorded
• Prepare the income statement and balance sheet using the trial balance and ledgers
• Provides managements with financial analyses, development budgets, and accounting reports
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting for one or more properties.
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensuring compliance with taxation legislation
• Handles all financial transactions for the company
• Serves as internal auditor for the company

Technical Help Desk Officer

• Provide technical assistance and support for incoming queries and issues related to our software
• Identifies problems and issues by performing relevant research using the appropriate tools and by following established procedures.
• Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s services
• Consistently stays abreast of any new information on the company’s promotional campaigns etc. to ensure accurate and helpful information is supplied to clients

6. SWOT Analysis

Joel Rogers® Technologies, Inc. engaged the services of a professional in the area of business consulting and structuring to assist the firm in building a well – structured IT tech startup company that can favorably compete in the highly competitive business analytics and enterprise software publishing industry.

Part of what the business consultant did was to work with the management of our organization in conducting a SWOT analysis for Joel Rogers® Technologies, Inc. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Joel Rogers® Technologies, Inc.;

We can boast of a competent technical team that has analytical and critical thinking skills that can help them find creative solutions for our clients. Aside from the synergy that exists in our carefully selected workforce, we have a very strong online presence and we are well positioned to attract loads of clients from the first day we open our doors for business.

One of the weaknesses that is obvious to us is the lack of capacity and inability to compete with big players in the industry especially as it relates to economy of scales.

• Opportunities:

The opportunities in the business analytics and enterprise software publishing industry is massive considering the fact that the world is going the way of technology, and software as a service (SaaS) is indispensable in the value chain of the info tech industry.

Some of the threats that we are likely going to face as an IT tech startup business operating in the United States are hosting issues, installation or upkeep troubles, piracy, unfavorable government policies , and global economic downturn which usually affects purchasing/spending power.

7. MARKET ANALYSIS

• Market Trends

The advancement we are enjoying in our world today can be attributed to the advancement of technology. Technology has indeed given leverage to all aspects of human endeavor. To start with, it is the advancement of technology that landed man in the moon.

It is the advancement of technology that made communication either via the telephone or computer easier and faster. It is the advancement of technology that made transportation faster and perhaps cheaper. It is the advancement of technology that made the manufacturing of goods faster and cheaper, etc.

The technology industry is so wide and vibrant and there is still room large enough for those who are interested in the industry to come in and create their own impact. One thing is certain, the world will always celebrate any inventor who is able to invent machines or devices that can ease the process of doing things.

8. Our Target Market

We are aware that the nature of our business is geared to words serving B2B clients, hence Joel Rogers® Technologies, Inc. will initially serve small to medium sized business, from new ventures to well established businesses and individual clients, but that does not in any way stop us from growing to compete with the leading IT tech startup companies that offer software as a services (SaaS) in the United States.

As a standard and licensed IT tech startup company that offers software as a service (SaaS), Joel Rogers® Technologies, Inc. will develop software apps for the following clients;

• Financial services providers
• Insurance companies
• Businesses in the health sector
• Supply chain businesses
• Other related businesses that may need software as a services (SaaS) technology

Our competitive advantage

The level of competition in the business analytics and enterprise software publishing industry does not in any way depend on the location of the business since most companies that offer software as a service (SaaS), can operate from any part of the world and still effectively compete in the industry.

We are quite aware that to be highly competitive in the business analytics and enterprise software publishing industry means that we should be able to develop software apps that will help simplify business and operation process for clients.

Joel Rogers® Technologies, Inc. might be a new entrant into the industry in the United States of America, but the management staff are considered gurus. They are highly qualified software programmers and developers in the United States. These are part of what will count as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

9. SALES AND MARKETING STRATEGY

We are mindful of the fact that there is fast – growing competition amongst IT tech startup companies and other players in the business analytics and enterprise software publishing industry in the United States of America and around the globe; hence we have been able to hire some of the best business developer cum digital marketers to handle our sales and marketing.

Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. We will also ensure that our excellent job deliveries speak for us in the market place; we want to build a standard IT tech startup company that offer software as a services (SaaS), that will leverage on word of mouth advertisement from satisfied clients.

Joel Rogers® Technologies, Inc. is set to make use of the following marketing and sales strategies to attract clients;

• Introduce our business by sending introductory letters alongside our brochure to all the companies, institutions and organizations within and outside the United States
• Promptness in bidding for software as a service (SaaS) contracts from companies, and organizations within and outside the United States
• Advertise our business in relevant programming magazines, radio and TV stations
• List our business on local directories/yellow pages
• Attend international software as a services (SaaS) developers related, seminars, and business fairs et al
• Create different packages for different category of clients in order to work with their budgets
• Leverage on the internet to promote our business
• Join related associations around us with the main aim of networking and marketing our services; we are likely going to get referrals from such networks.

Sources of Income

Joel Rogers® Technologies, Inc. is established with the aim of maximizing profits in the business analytics and enterprise software publishing industry and we are going to ensure that we do all it takes to attract clients on a regular basis.

Joel Rogers® Technologies, Inc. will generate income by offering the following services and products

10. Sales Forecast

We are well positioned to take on the available market in Overland Park – Kansas and in the cyberspace and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six months of operation and grow the business and our clientele base beyond Overland Park to other cities in the United States of America and in the cyberspace.

We have been able to examine the business analytics and enterprise software publishing market, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. Below are the sales projections for Joel Rogers® Technologies, Inc., it is based on the location of our business and the services we will be offering;

• First Fiscal Year (FY1):  $300,000
• Second Fiscal Year (FY2):  $550,000
• Third Fiscal Year (FY3):  $1.5 million

N.B : This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and internet shutdown within the period stated above. Please note that the above projection might be lower and at the same time it might be higher.

11. Publicity and Advertising Strategy

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to take the software as a services (SaaS) industry by storm which is why we have made provisions for effective publicity and advertisement of our IT tech startup company.

Below are the platforms we intend to leverage on to promote and advertise Joel Rogers® Technologies, Inc.;

• Place adverts on both print (community – based newspapers and magazines) and electronic media platforms
• Sponsor relevant community – based events/programs
• Leverage on the internet and social media platforms like; Instagram, Facebook, twitter, YouTube, Google + et al to promote our brand
• Install our billboards in strategic locations all around Overland Park
• Ensure that all our workers wear our branded shirts and all our vehicles are well branded with our company’s logo et al.

12. Our Pricing Strategy

At Joel Rogers® Technologies, Inc. we will keep our product and service fees a little bit below the average market rate by keeping our overhead low and by collecting payment in advance. In addition, we will also offer special discounted rates to startups, nonprofits, cooperatives, and small social enterprises who want to develop software apps for their business.

• Payment Options

The payment policy adopted by Joel Rogers® Technologies, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Joel Rogers® Technologies, Inc. will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via online bank transfer
• Payment via mobile money
• Payment via Point of Sales Machines (POS Machines)
• Payment via check

In view of the above, we have chosen banking platforms that will enable our client make payment without any stress on their part.

13. Startup Expenditure (Budget)

These are the areas we are looking towards spending our startup capital on;

• The total fee for incorporating the Business in the United States of America – $750.
• Legal expenses for obtaining licenses and permits as well as the accounting services P.O.S machines – $3,300.
• The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400.
• The amount needed to acquire a suitable Office facility in a business district for 6 months (Re – Construction of the facility inclusive) – $40,000.
• Marketing expenses for the grand opening of Joel Rogers® Technologies, Inc. in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
• The total cost for hiring Business Consultant – $2,500
• The cost for equipping the office (computers, software apps and hardware such as Application-specific integrated circuit (ASIC) machines, internet server, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) – $25,000
• The cost of launching our official website – $800
• Budget for paying at least two employees for 3 months and utility bills – $75,000
• Additional expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,500
• Miscellaneous – $10,000

Going by the report from the research and feasibility studies, we will need about Two Hundred and Fifty Thousand US Dollars ($250,000) to set up a small scale but standard IT tech startup company in the United States of America.

Generating Funds/Startup Capital for Joel Rogers® Technologies, Inc.

Joel Rogers® Technologies, Inc. is owned and managed by Joel Rogers. He may likely welcome partners later which is why he has decided to restrict the sourcing of the startup capital for the business to just three major sources.

• Generate part of the startup capital from personal savings
• Source for soft loans from family members and friends
• Apply for loan from the bank

N.B: We have been able to generate about $50,000 (Personal savings $40,000 and soft loan from family members $10,000) and we are at the final stages of obtaining a loan facility of $200,000 from our bank. All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business closes shop.

One of our major goals of starting Joel Rogers® Technologies, Inc. is to build a business that will survive off its own cash flow without injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to offer our software as a services (SaaS) a little bit cheaper than what is obtainable in the market and we are prepared to survive on lower profit margin for a while.

Joel Rogers® Technologies, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner of our business strategy.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

• Business Name Availability Check : Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Conducting Feasibility Studies: Completed
• Leasing a standard and well positioned office facility in the heart of Overland Park – Kansas: Completed
• Generating part of the start up capital from the founder: Completed
• Applications for Loan from our Bankers: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents: In Progress
• Design of The Company’s Logo: Completed
• Printing of Promotional Materials: Completed
• Recruitment of employees: In Progress
• Purchase of the needed software applications, internet server, furniture, office equipment, electronic appliances and facility facelift: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business (Business PR): In Progress
• Health and Safety and Fire Safety Arrangement: In Progress
• Establishing business relationship with vendors and key players in the industry: In Progress.

More on Technology

• Credit cards
• View all credit cards
• Banking guide
• Loans guide
• Insurance guide
• Personal finance
• View all personal finance
• Small business
• Small business guide
• View all taxes

You’re our first priority. Every time.

We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.

So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners .

25 Tech Business Ideas for 2022

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

If you’re looking to start a business with high earning potential, you’ve probably looked into some tech business ideas.

And why wouldn’t you? In 2019, the estimated economic output of the technology industry was $1.8 trillion, comprising over 10% of the national economy, according to CompTIA. What’s more, the average successful startup exit (via either acquisition or IPO) has sat at $242.9 million since 2007.

However, for every successful startup exit, there are hundreds if not thousands of startups that have failed. So if you’re an entrepreneur hoping to hit it big in the technology sector, you need to start with a strong tech business idea.

In an industry defined by innovation and disruption, what constitutes a “good” tech business idea is constantly changing. That’s why we’ve compiled a list of tech business ideas that are poised for extreme growth in the coming years.

What is a tech business?

Tech businesses provide products and services that have applications across multiple industries — but at their core, they pertain to the research, development and distribution of technology-based goods. This includes businesses that manufacture electronics (like Apple), create software (like Salesforce), provide services relating to information technology (like Google) and more.

The best part about our technology business ideas is that they don’t require a lot of overhead—you can start small and grow over time. However, you will need some level of technical knowledge to be able to successfully start a business in the industry. If you don’t have any tech experience, consider starting with a coding bootcamp.

Here are some of the top tech business ideas, including some recommendations from tech entrepreneurs themselves.

How much do you need?

with Fundera by NerdWallet

We’ll start with a brief questionnaire to better understand the unique needs of your business.

Once we uncover your personalized matches, our team will consult you on the process moving forward.

1. Food tech

Our first recommendation comes from Phil Strazzulla, founder of HR software company SelectSoftware. Strazzulla sees the food tech sector as a major growth industry in the coming years:

“Companies like Beyond Meat are just the beginning of businesses engineering eco-friendly and healthy food that is as delicious as our current diet. The science is now there, and the market for next-generation food is literally in the trillions of dollars, and it grows just as quickly as the world's population.”

2. Web design

One tech business idea that will never go out of style is website design. That’s because pretty much every business needs a professional-looking website in order to appear reputable and build their brand.

Web design encompasses a range of different services, including graphic design, interface design, copywriting, UX design, and SEO. According to IBISWorld , the web design business has grown at a rate of 6.6% over the last five years, and generated $38 billion in revenue in 2019, meaning you can rely on there being a market for this tech business idea for years to come.

3. Extended reality

Extended reality technology encompasses both augmented reality, or AR, and virtual reality, or VR, technologies. Kenny Trinh, editor of tech review publication Net Books News, sees extended reality technology proliferating in the coming years.

"In 2020, we’ll see more and more businesses applying extended reality to their brands to stand out from the competition and deliver a better customer experience,” says Trinh. “In fact, some businesses have been doing that already.”

Trinh points to the eco-friendly water packaging project W-in-a-Box, which uses AR to further explain the benefits of their product.

4. Robotics

Robotics is a bit of a catch-all term that encompasses mechanical engineering, electronic engineering, information engineering, computer science and other related disciplines. The goal of robotics is to create machines that can move and react to sensory input. According to Statista , this industry is expected to grow from $80 billion in annual revenue in 2019 to over $200 billion in annual revenue by 2025.

5. Customer experience management, or CXM

Ian Kelly, VP of operations for a CBD oil company called NuLeaf, believes customer experience management platforms like ZenDesk will soon make customer relationship management platforms, or CRMs, obsolete.

"While a CRM can help you manage customer details, a CXM unifies all sales, marketing and customer service conversations into a single silo so that your customers are treated like the loyal fan-base they are,” says Kelly. “No more hitting your customer over the head with repeat promos, selling them on services/products they already have or letting them slip through the cracks when they've bought and never been properly onboarded.”

6. Influencer marketing

Influencer marketing is an industry enabled by social media platforms like Instagram involving endorsements and product placements from individuals or organizations who possess a certain level of expertise or social influence in their respective fields. While not just anyone can be an influencer, if you possess some level of unique knowledge or a lot of charisma, you can launch a business by gathering a social media following and hiring an influencer marketing agency to connect you with brands.

On the flip side, you can also launch a business focused on connecting brands with the right influencers for their products and mission.

7. Content automation

With content and social media becoming an ever-growing part of many businesses’ marketing plans, Gleb Myrko, an analyst at the market research firm Freedonia Group, believes content automation software presents a great opportunity for tech entrepreneurs.

"Businesses today have accounts on all different social media channels like Instagram, Facebook, TikTok, etc. All of these channels require different approaches to content planning, content production and account management and analytics,” says Myrko. “There’s still not a widely applied tool for omnichannel management, promotion and analytics for the most popular social media. We need an all-in-one hub where marketers can analyze data/performance, as well as manage and promote their accounts on different social media channels in a more centralized, convenient and effective manner.”

8. Artificial intelligence

The term “artificial intelligence" is used to describe technologies pertaining to machine learning, computer vision, natural language processing and more. Although artificial intelligence is a technology that has been around for quite some time, as it becomes increasingly sophisticated, its market potential is growing as well.

Statista reports that the industry grew by 154% in 2019 alone—making it a great tech sector to build a business around.

9. Podcasting

If you’ve been paying attention to innovations in content over the past few years, you’re probably aware of the exploding popularity of podcasts. Today, 51% of the U.S. population has listened to a podcast, and podcaster Dre Baldwin sees podcasting’s prospects only increasing in the coming years.

“Entrepreneurs need to start building their podcast content library ASAP,” Baldwin says. “More and more people are consuming media on the go; audiobooks and podcasts are at the forefront of this. Any entrepreneur or business entity that wants the attention of consumers needs to be in their ears, literally.”

10. Streaming service

Services like Netflix and Disney+ get most of the attention when it comes to streaming services, but there is plenty of opportunity to start a streaming service for more niche content. For example, you can create a streaming service where users can upload instructional videos or a streaming service designed specifically for children’s content. You could also develop a platform for live streaming (like Twitch) or streaming music (like Spotify).

The global outlook on the streaming service industry is overwhelmingly positive. In 2019, streaming services generated $25 billion in revenue. By 2025, that number is expected to rise to $30 billion, according to Statista.

11. 3D printing

One of the more exciting technologies developed during the 2010s is 3D printing, which allows users to build a three-dimensional object from a computer-aided design model. Shayne Sherman, CEO of TechLoris, believes 3D printing will have increased importance in the next decade as the technology continues to become more sophisticated.

"There will always be the need for production companies, but just as the advent of the assembly line changed production, so too has 3D printing,” Sherman says. “The ability to manufacture whole components in single pieces has created a serious demand, especially in the medical fields. This demand means that 3D printing companies are set to grow exponentially, and if you can get into the business, it's a solid choice for the coming years.”

12. E-commerce

E-commerce is another technology that has been around for a while, but still has growth potential. Over the last year, Statista reports that e-commerce sales grew from $500 billion to nearly $550 billion.

If you have a unique idea for an e-commerce store, you can launch your own e-commerce business from the comfort of your home. No product in mind? Not to worry; dropshipping allows you to start an e-commerce business with products you are not responsible for warehousing or shipping.

If you want to grab a bigger share of the market, you could also take the time to develop your own e-commerce platform or marketplace. Just keep in mind that the e-commerce platform space is already dominated by giants like Shopify and Amazon. Therefore, if you want to start your own e-commerce platform, we suggest focusing on a niche market.

13. Portable charging devices

Mobile devices go with us everywhere nowadays, but having your phone battery die on you while you’re out is still a far too common problem. That’s what’s driving the growth of the portable phone charging industry.

According to data published by BCC Research, the portable charging device market is expected to grow by 6.6% year over year from 2017 to 2022. Growth is driven by the fact that many newer phone models have lower battery capacity.

"Growing urbanization, rising disposable income and increasing mobile phone penetration will boost the mobile charger market around the globe,” according to the report’s author Mohammed Javed. “Increasing penetration of high-specification electronic gadgets/devices that drain batteries at faster rates will further boost the mobile charger market in the near future.”

14. Publishing e-books

An e-book is a book made available in digital form. If you’re a writer, there is a growing market for books published online. Businesses are creating e-books as a way to market their brand, and aspiring authors of fiction and nonfiction publish e-books as a way to reach more customers and grow their readership.

In 2019 alone, revenue generated from e-books topped $1.3 billion, and that number will rise to $1.6 billion by 2024, Statista reports.

15. Fitness tech

Technology has applications in nearly every industry — including the fitness industry. We’ve already seen new technologies like FitBit, Peloton and Strava change how people exercise, and more innovation is on the horizon. That’s the belief of Jared Weitz, founder of United Capital Source Inc.

"Fitness technology is an area of continued growth. Whether it is creating products like fitness trackers, wireless earbuds or smartwatches that have multiple functions, the market is constantly seeking new gear and technology,” Weitz says. “This niche is expanding from tangible fitness products to the apps and data that marry the physical and digital together. Combine a high-tech device with an app related to exercise or diet and you will be setting yourself up for success in 2020 and beyond.”

16. Online teaching

Do you know a foreign language? Can you build a treehouse? Do you cook really good soup? Then you can make money sharing your knowledge and expertise online. Thanks to services like Teachable and Udemy, teachers can now build their own online classes, sell them to students and teach the entire class online. If you’re a good teacher and know how to market your class, you can earn a livable wage by teaching your skills to others through the internet.

17. Mobile application development

Every business needs a website. And the way the market is trending, soon every business will also need their own mobile app. This presents an exciting opportunity for individuals skilled in app development. Successful companies like Braze and Leanplum have built their entire business around developing apps for others.

There is really an endless supply of app ideas. There were 194 billion app downloads in 2018 alone, and that number is only expected to climb. So strike while the iron is hot.

18. Search engine optimization consultant

Google is still an essential part of many business’s marketing strategies. They need to be able to appear as a top result in Google Search for keywords related to their business. That means they need someone who is skilled in search engine optimization, or SEO, to help them. Some businesses hire people to perform SEO in-house, but many organizations also work with freelancers or third-party agencies to implement an SEO strategy. If you can train yourself in SEO and keep up with its ever-changing trends, you can start a business providing SEO services to other organizations.

19. Social media consultant

If you’re not into SEO, but are good on social media, you can work with businesses to help them generate likes, shares, retweets, followers, comments, clicks and more as a social media marketer . In this role, you’ll consult with companies and help them manage their social profiles, spread content across the web and build their brand.

What’s more, the startup cost to be a social media marketer is minimal and can be done from your own home. Just be sure to buff up your social media skills and keep up with the latest trends and platforms.

20. Drone videography

If you own a drone and know how to use a camera, there’s a market for your services. Commercial and residential real estate agents are increasingly using aerial shots as a way to market their buildings and property. You can find real estate agents in your area using platforms like Zillow. Then reach out and offer up your services. Other industries, such as agriculture, events and more have uses for drones, as well.

21. Cybersecurity or IT consulting

Businesses today are increasingly threatened by cyberattacks, making the need for IT consultants greater than ever. As an IT consultant, you can help businesses evaluate their security systems, run tests and offer advice on how they can better protect themselves from cyberhackers.

More generally, an IT consultant can help businesses set up their computers and troubleshoot any general issues.

22. Venture capitalist

A vast majority of tech startups are backed by venture funding. If you have an interest in the tech space, but don’t have any technical knowledge yourself, you can try raising some money and becoming a venture capitalist or angel investor.

Similar to being an influencer, a venture capitalist isn’t something you can simply become overnight. That’s because being a venture capitalist requires allowing others to trust you with their money.

You need to start small and make some solid investments in order to make a name for yourself. Many independent investors join a VC fund for a while before striking off and starting their own fund.

23. Startup incubator

Another way to get involved in the tech world without having a lot of technical experience is to create your own startup incubator. The job of an incubator is to help startups plan and launch their business successfully. Services provided may include management training, office space and mentorship opportunities.

Of course, you’ll need some background in business to be able to successfully launch an incubator. The cost of creating your own incubator and attracting founders may also be difficult to muster. Many incubators start small and grow over time once they have successfully helped multiple startups enter the market.

24. Antivirus developer

An antivirus developer is a highly specific sort of tech business idea that pertains to the creation of antivirus software that can help businesses protect critical data. Antivirus software can be created using a variety of different programming languages. The overall goal of an antivirus is to detect and remove malware before it impacts a computer’s systems. Start networking with local businesses in your area to find out if there's a need for this service.

25. Domain name broker

Being a domain name broker is similar to being a stockbroker, except instead of stocks, you sell domain names. To get started you need a little capital to buy some domain names. You’ll then need to educate yourself so that you’ll be able to predict domain name requirements in the future.

So like most of the businesses on this list, it will take some work to get started. But everyone needs a domain name, so there will always be a market for this service.

Start Your Dream Business

The bottom line

We hope our list has helped you figure out which tech business idea is the right fit for your skills and interests. Regardless of the route you choose to take, you’ll need to write a business plan, create a business entity and maybe take out a business loan to get your startup off the ground.

On a similar note...

The Ultimate IT Strategy Planning Guide with Examples

Embarking on the journey to create a comprehensive IT strategy can be a daunting yet crucial endeavor for modern businesses; in this insightful guide, we provide you with essential tips, examples, and best practices to help you design and execute an effective IT plan that propels your organization toward success.

Information technology (IT) is playing an increasingly important role in modern business, given the rising advances in technology and the growing reliance on digital solutions for operation and competition. Whether it's storing, processing and analyzing data, automating administrative tasks or just the typical use of tech in the workplace , it's becoming increasingly central. Unfortunately, not all businesses are maximizing these advantages. What could be the reason?

The 10+ years of working in this industry has given us the incredible chance to interact with many organizations from various sectors, and this opportunity has helped us understand why many companies are struggling with IT. Surprisingly, it mostly boils down to develop and follow an IT strategic plan. Many CIOs and IT departments fail to realize that even with enough resources to deploy whatever technology you want, it could still fail if you ignore planning.

So this guide dives into IT Strategic Planning, providing you with all the ingredients you need to put together a winning IT Strategy Plan.

Also Read: Common IT problems

What is an IT strategic plan?

An IT strategy plan is the comprehensive document that serves as a roadmap for the IT strategy, outlining how an organization will use technology to achieve its goals. It defines the specific actions and initiatives that will be undertaken to align the organization's IT efforts with its overall mission, business strategy, and priorities. There are serious risks that come with neglecting to integrate IT planning into your business strategy.

A good IT strategy should align with the overall business strategy and goals of the organization. It should also take into account the current state of the organization's technology, the organization's budget and resources, as well as regulatory or compliance requirements.

The strategy should be flexible enough to adjust according to any new organizational demands, business objectives, external trends, available expertise, or user requirements. For instance, the COVID-19 pandemic forced many organizations to update their strategies.

Who creates the IT strategic plan?

Ideally, the CIO, or Chief Information Officer, is typically responsible for leading the development and implementation of the plan.

However, even in the absence of a CIO, it's still possible to develop an effective IT strategy. In such cases, the IT team, whether it is internal or outsourced, takes on a more prominent role in leading the process. This is particularly the case for SMBs , as they often have limited resources and budget to recruit a CIO or CTO.

Also Read: CTO as a Service: a Full Guide

Questions the IT strategic plan should address:

• What resources do we need both internally and externally?
• What technology investments are necessary to reach the business goals?
• How will success be defined and evaluated?
• How will the organization's IT strategy evolve over time to meet the changing needs of the business?
• What IT initiatives and projects should be undertaken in the short-term and long-term?

Benefits of IT strategic plan

As we've already seen, the IT strategy plays the key role of aligning the organization's technology investments with its business goals, which can lead to a range of benefits. Here are the top ones:

1. Increased security

The right IT strategy can contribute to increased security by ensuring that your organization has the necessary safeguards in place to protect against threats. Here are two examples:

• Risk assessment and management: The IT strategy document can guide the security teams to identify and assess potential security risks, as well as provide a roadmap for how to mitigate those risks. This might include measures such as implementing strong password policies and regularly updating software to fix vulnerabilities .
• Investment in security infrastructure: An IT strategy can also provide guidance on the types of security measures and technologies that an organization should invest in. This might include investing in firewalls , VPNs , intrusion detection systems, SIEM tools , SOAR tools and other security solutions to protect against cyber threats .

Developing an IT strategy can help you come up with solutions to any gaps in your network security . With it, you can easily outline the current state of various items, which can be very insightful information on how to minimize attack vectors .

• What is a Security Posture?
• What is Cybersecurity Posture Assessment?

2. Change management

Change management is a critical component of the strategic IT plan as it ensures that the organization is prepared to respond to changes in the industry, technology, and market trends.

The goal is to make the transition to the new way of doing things as smooth as possible, while minimizing disruption.

Here are some ways a great IT strategy can help with change management:

• Planning for change: Since the strategic IT plan provides a structured approach to change management, it means that organizations have a better way to anticipate changes, and implement them the right way.
• Prioritization: A great IT strategy can help to prioritize changes based on the organization's goals and objectives.
• Communication: A well-constructed IT strategy provides clear channels of communication. This makes it easy to educate and support stakeholders and employees throughout the change process, which leads to better acceptance of the changes.

Example: A company wants to move its financial reporting system to the cloud in order to improve efficiency and reduce IT costs . The IT strategy plan outlines the steps that will be taken to migrate the system to the cloud. These steps might include the selection of a cloud provider, the testing and validation of the new system, and the training of employees on how to use the new system. This roadmap helps ensure that the cloud migration is managed effectively and that any potential issues are addressed in a timely manner.

3. Cost management

IT spending can quickly get out of hand if not planned, and there is no better tool to help you prevent this than the IT strategic plan. It comes in handy when you want to identify and assess the costs associated with different technology options. This will then inform decision-making around which solutions to invest in, and which can wait.

Most importantly, the plan can help identify opportunities for cost savings . For example, the strategy might recommend using open-source software or cloud-based solutions to reduce software licensing costs, or might suggest consolidation of certain aspects of the IT infrastructure to reduce maintenance and management costs.

4. Improved decision-making

The IT strategy document offers a structure for assessing and contrasting various technological solutions, simplifying the process of making strategic decisions regarding technology investments.

Imagine that a company is considering implementing a new customer relationship management (CRM) system. The IT strategy includes a section on CRM systems, which outlines the benefits and potential drawbacks of different options. It also includes criteria for evaluating different CRM systems, such as their scalability, integration with other systems, and user-friendliness.

Using this information, the company can assess the costs and benefits of different CRM systems, and can make an informed decision about which system is the best fit for its needs. The plan can also provide guidance on how to roll out a new CRM system, including a timeline, budget, and resource requirement.

The ability to quickly adapt the technology infrastructure to changing business needs is key for any organization, and this is one area that your IT strategy plan will prove incredibly useful. It simply provides a structured approach for making changes, and this means you can more readily respond to new opportunities and challenges.

Let's say you are an e-commerce company that is seeing an increase in demand for a particular line of products, and you need to quickly expand your platform to accommodate this growth. Your IT strategy includes a section on e-commerce infrastructure, which outlines the various options for scaling the platform, including adding new servers, implementing a content delivery network (CDN), and optimizing the website for performance.

With this ready-to-go structure, you are able to assess the costs and benefits of different options, and choose the approach that is most appropriate for this need.

6. Enhanced vendor management

Having an IT strategy in place can enable an organization to secure more advantageous terms from technology vendors, as well as a framework for assessing vendor performance.

With already established goals, you have the upper hand when negotiating with vendors. You know what your needs are, and don't have to take advice from the vendor just because they assert it's best for you. That being said, the vendor can still guide you in some areas if you'd like. Additionally, having a clear understanding of your needs allows you to communicate them effectively to vendors, giving you an advantage when dealing with them.

Vendor performance is also a major factor in vendor management. The strategy enables us to assess how vendors are doing against the predetermined goals and objectives for technology utilization within the company. The best part is that you can actually use this performance data to leverage better pricing or other concessions from vendors.

7. Compliance

We're living in the compliance era, which means some of your tech needs to meet industry and government regulations. Your strategy will make it easier by giving a structure for things like regular reviews and audits. Instead of having teams continually chasing after compliance standards, just include it in your IT strategy. This way, all departments will stay updated as the requirements keep changing.

Two of the most well-known compliance standards are the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA). Your strategy should include the steps to comply with these standards. Furthermore, in the event of any modifications or changes, you can simply refer back to your strategy and make the necessary adjustments.

• What is SOC2? Everything You Need to Know for Compliance and Certification
• PCI DSS Compliance Goals
• MSP HIPAA Compliance Checklist

8. Enhanced talent management

Many organizations struggle to accurately assess their current and future tech needs, as well as the related skills and competencies needed to effectively use it. But with a well-developed IT strategic plan in place, this shouldn't be an issue. The plan will guide you in developing and retaining top talent, including what the best practices for recruiting are.

But to make sure you're covering all your bases, with regard to telnet management, the strategy should take into account the changing skills and competencies required due to changes in technology and emerging trends. This means the IT talent strategy should be updated continuously and not just treated as a one-off project.

9. Sustainability

With the help of a well documented IT strategy, you can easily spot opportunities to employ technology to lower the environmental footprint across your supply chain. This could mean capitalizing on digital platforms and tools to maximize production and logistics, or using data analytics to recognize areas where sustainability can be increased.

Technology such as 3D modeling, digital twins and simulations can help with enhancing product design in order to decrease environmental impact.

What should be included in the IT strategy plan?

Please note that the items here are not exhaustive. Feel free to add more or subtract those you feel do not apply to your organization.

5 steps in IT strategy planning

Developing an effective IT strategic plan is a multi-step process that involves key phases. The specific steps and the level of detail in each phase may vary depending on the organization, but here is a general overview of the process.

Step 1: Assessment

The strategy building process begins by evaluating the current state of the organization's IT capabilities, infrastructure, and systems.

These activities are the core of this phase, but feel free to tailor them to your organization's needs

• SWOT Analysis: Identify the organization's Strengths, Weaknesses, Opportunities, and Threats that relate to the IT capabilities, infrastructure, and systems. This analysis should be conducted by a cross-functional team, including IT staff and other key stakeholders, such as business leaders and customers.
• Interviews: Conduct interviews with key stakeholders to gather information that can complement that obtained from SWOT analysis.
• Data Collection: Collect data from various IT systems, such as databases , servers, networks, and applications. The data collected can include information such as system performance, capacity, availability, and security. You can use this to identify areas of improvement and potential risks.
• Benchmarking: Compare the organization's IT capabilities with those of similar organizations in the same industry or sector. The benchmarking process can be used to identify best practices and areas for improvement.
• Gap analysis: Compare the IT capability to the desired state, cutting across technology, processes, people and organizational structure.

Example: A retail organization might conduct SWOT analysis to identify its IT strengths, such as a highly efficient inventory management system and a well-trained IT staff. Weaknesses might include a lack of mobile optimization on their website and a lack of analytics capabilities. Opportunities might include the potential to expand their online sales, while threats might include increased competition from other retailers.

Be sure to get buy-in from all stakeholders during the assessment phase. This way you are able to identify any potential issues early on, and work to address them before they become major obstacles.

Step 2: Strategy Development

Based on the results of the assessment step, it's now time to develop the IT strategic plan. Key activities for this stage include:

• Identify IT initiatives and projects: What are the IT initiatives and projects that will be undertaken to support the organization's overall goals and objectives. These may include areas such as business process automation , data analytics, digital transformation, cybersecurity , and cloud computing .
• Set objectives and metrics for success: Objectives should be specific, measurable, achievable, relevant, and time-bound (SMART). Use metrics to measure progress and evaluate the success of each initiative and project. Also read: Top 25 IT KPIs and Metrics You Should Track
• Funding: Allocate resources and budget for each IT initiative and project. This includes identifying the personnel, equipment, and other resources that will be required, as well as developing a financial plan for each initiative and project.
• Roadmap development: Create a roadmap that provides a high-level overview of what initiatives and projects will be undertaken, when they will be undertaken, and how they will be undertaken.
• Alignment: Ensure that the IT initiatives and projects are properly aligned with the overall business strategy and vision.
• Assign roles: Determine who will be responsible for specific tasks and activities. This includes who will be responsible for specific aspects of the work, and who will be accountable for delivering results.

Example: A healthcare organization's overall goal is to improve patient care by streamlining their appointment scheduling process. The IT strategic plan for this organization might include an IT initiative to develop a patient portal where patients can schedule appointments online. Objectives for this initiative might include increasing the number of appointments scheduled through the patient portal by 20% within the next 12 months. Metrics for success might include the number of appointments scheduled through the portal and patient satisfaction with the scheduling process. Funding could include budget and resources such as hiring a team of developers and designers to create the portal, and integrating it with the organization's existing systems. Alignment may include linking the initiative with overall business strategy and regulatory compliance.

As you can see, this phase involves a lot of critical thinking, data analysis, and decision making, as it's the foundation of the IT strategic plan. If the resources seem inadequate, it is necessary to reevaluate the strategy.

Step 3: Execution

The organization begins to implement the projects and initiatives as outlined in the plan. This may involve procuring new hardware and software, training employees, and rolling out new systems or processes.

The main goal of this phase is to define exactly what are the deliverables and outcomes. This is important as it is closely connected to reaching the business objectives.

Step 4: Review

After the execution phase, the organization evaluates the success of the IT strategic plan by comparing the results to the original goals and objectives. This may involve analyzing metrics such as cost savings, improved productivity, or increased customer satisfaction.

This phase presents the ultimate opportunity for the organization to see where the plan is going and create a feedback loop that can help to increase efficiency.

Step 5: Maintenance and improvement

Based on the results of the review, the organization may identify areas where the plan needs to be tweaked or improved. This may involve continuing to fine-tune and optimize systems, as well as staying up-to-date with new technologies and trends in the industry.

If the IT strategic plan doesn't work as expected, you can change it based on what's been learned throughout the journey. It is important to remember that IT strategic planning is a continuous process that must always be relevant for the organization.

We can also summarize the above steps into four levels that are commonly referred to as the the 4 main points of IT strategic planning, namely:

• Environmental scanning
• Strategy formulation
• Strategy implementation
• Strategy evaluation and maintenance

3 IT strategy examples

There is no stand-alone industry standard for creating an IT strategic plan. As a result there are various processes and examples for strategic planning. Most of them have some common thread between each other, but every single one of them is unique in its own way.

Let's have a look at some examples of IT strategy plans.

IT strategy plan example 1

Source: CMS Technologies

As we can observe from the image, CMS technologies break down IT strategy development into three primary tiers: Design, Develop and Deliver. Each of these are composed of 3-4 procedures to guarantee a comprehensive development of the tactic every step of the way, from analyzing the corporation's assets to how it communicates.

IT strategy plan example 2

Source: CIO Index

This IT strategy example from CIO Index is a bit more intricate. It's broken down into seven stages, with 1-3 layers beneath each one. The process begins with recognizing business diversities and formulating an IT vision. Lastly, it is time to evaluate and develop a Migration Plan which allows for modification of the IT strategy by forming a loop.

IT strategy plan example 3

Source: Info-Tech Research Group

This IT strategic plan example from the Info-tech research group is a simple yet effective procedure for aligning IT strategy with the organization's initiatives and objectives. The plan is specifically designed for small and medium-sized enterprises.

It includes different sections, such as the purpose of the plan, corporate strategy, business initiatives, IT strategy, and IT strategic plan.

IT strategic plan use cases

The past decades saw most organizations primarily utilizing the strategic IT plan when investing in costly technology. This made perfect sense, as it provided a process around spending big money and helped organizations ensure that they were getting the most value from their technology investments.

However, in recent years, the role of technology has evolved to become more than just buying new hardware and software. Technology has become an integral part of organizational operations, and as such, the strategic IT plan is finding new and diverse use cases, including operational.

Here are the most notable ones;

1. Mergers and acquisitions

A strategic IT plan can prove instrumental in merger and acquisition to ensure a smooth integration of IT systems and processes of the two organizations. It provides the framework for aligning the IT capabilities and goals of both the organizations.

So if company XYZ wants to merge with company ABC, they develop a strategic IT plan to align the IT capabilities and goals of both the organizations, and also identify and eliminate any duplicated systems.

2. Digital Transformation

The key driver behind digital transformation is the need to stay competitive in an increasingly digital world, where customers expect access to information and services 24/7, and where traditional business models are being disrupted by digital-native companies. This need is fueling spending as the market is projected to skyrocket to USD 4.339 trillion by 2030 — up from its current value of USD 752.38 billion in 2023.

So how can a strategic IT plan help your organization to take full advantage of digital transformation? A robust IT strategic plan prioritizes the most important digital transformation initiatives and guides the adoption of new technologies. It also includes a change management plan to ensure a smooth transition with minimal disruptions.

Let's use a quick example of a retail company that wants to shift its business model to an e-commerce platform and mobile application. Their goal is to increase sales and customer engagement. The company can use strategic IT planning to identify key areas of the business that need to be transformed, such as customer experience, inventory management, and supply chain. They can then prioritize and plan the implementation of the necessary technology, such as e-commerce platform, mobile application, and data analytics, to support the transformation.

The plan will also aid in identifying the necessary changes to processes and organizational structure that will support the digital transformation.

3. Workforce technology

A strategic IT plan can guide the organization to provide the tools and resources that employees need to be productive. This may include devices, applications, collaboration tools, and IT training

Let's say a large manufacturing company wants to improve its workforce productivity by providing employees with mobile devices and applications to access information and perform tasks on the go. The company can use a strategic IT plan to identify the specific devices and applications that are needed, determine the best deployment and management strategies, and develop training and support programs for employees.

4. Innovation

A strategic IT plan can help organizations to foster an innovative culture that encourages and supports the development of new ideas, products, and processes. Here are a few ways this can play out:

• Encouraging experimentation: A strategic IT plan can set a framework for experimentation and exploration. This entails giving a direction for setting aside resources and time for experimentation, as well as giving employees a degree of freedom to explore new ideas.
• Supporting collaboration: A strategic IT plan can help organizations to create an environment that fosters collaboration, which could eventually spur innovation.

5. Infrastructure optimization

A strategic IT plan can be used to optimize an organization's IT infrastructure components , including hardware, software, and networks

Depending on needs, you can create a plan that provides a useful guide around aspects such as consolidating servers and data centers, modernizing hardware and software, and implementing virtualization and cloud technologies .

• Data Center Migration Best Practices
• Data Center Migration Plan: a Full Guide

6. Cybersecurity

You can use the strategic IT plan to enhance your organization's security posture by providing a blueprint upon which the IT teams, whether in-house or outsourced, will easily identify potential threats and implement preventive measures.

For example, a healthcare organization wants to enhance its cybersecurity posture to protect patient data and ensure compliance with regulations such as HIPAA. The company can use their strategic IT plan to identify potential cyber threats and vulnerabilities. The company can then prioritize and develop a plan to implement and manage security controls, such as firewalls , intrusion detection systems, encryption, and multi-factor authentication .

Also Read: Rising cyber attacks on Us hospitals

Top IT strategic planning software

These tools are a great asset when it comes to planning, executing and monitoring IT strategies. Although there are plenty of choices available, we've compiled the top ones and present them to you here.

Also Read: Types of small business software

IT strategic plan best practices

These best practices provide a foundation for creating a strategic plan that will surely make the difference between success and failure. It is about creating a plan that will not only help you navigate through the present but also be ready for the future.

• Involve key stakeholders: It's important to involve key stakeholders from various departments. This is the best way to identify the specific needs of different groups, and ensure that the final strategy addresses those needs effectively.
• Understand the organization's digital maturity: Digital maturity is a measure of how well an organization has adopted digital technologies. A more mature organization is able to take full advantage of digital technologies, whereas a less mature organization may struggle to make effective use of them. It's important to have a clear understanding of the current digital maturity level. This includes assessing the current state of IT systems, as well as identifying areas for improvement.
• Understand the role of emerging technologies: Emerging technologies such as cloud computing, artificial intelligence, Internet of Things, machine learning, and blockchain have the potential to disrupt traditional business models, create new opportunities, and improve organizational performance. Make sure that the plan contains a clear roadmap on how to constantly keep a close eye on these technologies and their potential impact on your industry.
• Develop a clear governance structure: The plan should include a governance structure that outlines responsibilities and decision-making processes related to IT.
• Assess IT costs vs. value: IT can be a significant expense, and the strategic plan should provide for accurate assessment of the costs vs the value of IT investments. A key aspect of this is understanding the total cost of ownership (TCO) of IT investments, which includes not only the initial purchase price but also ongoing maintenance, upgrades, and other costs.

For optimal success, the IT strategic plan must be monitored, evaluated and revised regularly. This is the only way to guarantee that it remains pertinent and in line not only with the organization's objectives but also with the contemporary tech environment.

Do not be too fixated though on the need to have the perfect IT strategy plan from the start. Instead, approach the process with agility. Prioritize creating a minimal but functional plan, understanding that you will continue to refine and enhance it as you go.

FAQ Section

What is an it strategy planning process.

The IT strategic planning process refers to the methodical approach that organizations use to align their information technology (IT) capabilities with their overall business goals and objectives. The goal of the process is to ensure that the organization's IT investments are aligned with its overall strategy and are helping to drive business growth.

Please don't confuse this process with the project planning process, which is used to assign tasks to different projects. Strategy mapping on the other hand helps you determine your mission, vision, and goals. These terms are often confused, but they mean different things.

What is the role of a strategic IT plan?

The primary role of an IT strategic plan is to align the organization's IT capabilities with its overall business strategy and to help drive business growth.

The plan identifies specific IT projects and initiatives that need to be undertaken. It helps the organization prioritize these initiatives, allocate resources, such as budget and personnel, improve its IT capabilities by identifying areas where improvements are needed, and ensure that IT is being used efficiently to support the organization's business goals. It also facilitates communication and coordination across the organization by providing a common understanding of the IT goals, objectives and initiatives.

Why is strategic planning important for IT professionals?

Strategic planning is important for IT professionals for these reasons:

• Understanding needs: Strategic planning can help IT professionals to better understand the organization's needs and priorities, and position themselves as valuable contributors to achieving the organization's goals.
• Resource allocation: By participating in the strategic planning process, IT professionals can help the organization prioritize its IT investments by identifying the projects and initiatives that are most critical to the organization's success. This ensures that resources are being allocated to the areas that will have the greatest impact.
• Efficiency: Strategic planning can help IT professionals ensure that IT is being used efficiently.
• Building relationships and trust: Strategic planning allows IT professionals to collaborate with other departments, stakeholders and key decision makers. This can help build trust and collaboration across the organization.
• Managing change: IT Strategic planning allows IT professionals to anticipate and manage change, helping them to be proactive and responsive to changes, rather than reactive.

IT Strategic Planning FAQ

What is it strategy.

IT strategy is an extensive plan that can help companies understand how to use technologies to meet their business and IT goals. It refers to a written document that points out various factors that can affect a company's use of technology.

What is IT strategic planning?

IT strategic planning involves creating a detailed blueprint that outlines how technology investments will support the organization's business objectives. This plan should encompass everything from resource allocation to project timelines.

How does an organization benefit from IT strategic planning?

Effective IT strategic planning aligns technology initiatives with business goals, which can lead to improved efficiency, increased productivity, cost savings, and a competitive advantage. It can also help manage risks and identify opportunities for innovation.

What are the key components of an IT strategic plan?

An IT strategic plan generally includes the following components: business objectives and strategies, IT objectives and strategies, a technology roadmap, a resource allocation plan, a risk management plan, and a governance model.

How often should an IT strategic plan be updated?

An IT strategic plan should be reviewed and updated regularly, usually on an annual basis. However, the plan should also be flexible enough to accommodate any unexpected changes or opportunities that may arise.

What role do emerging technologies play in IT strategic planning?

Emerging technologies such as artificial intelligence, cloud computing, and the Internet of Things have the potential to disrupt traditional business models and create new opportunities. An IT strategic plan should therefore include a roadmap for monitoring these technologies and assessing their potential impact on the organization.

What is an IT strategic planning process?

IT strategic planning process refers to the method that organizations use to develop plans to achieve overall goals. The project planning process, on the other hand, is used to assign tasks to different projects.

What is a roadmap in IT?

A roadmap in IT is a document or visual representation that outlines the planned initiatives, projects and activities that an organization will undertake to achieve its IT goals and objectives over a specified period of time. A roadmap typically includes a high-level overview of the initiatives and projects that are planned, along with more detailed information such as timelines, milestones, and dependencies.

How does IT strategic planning support digital transformation?

Digital transformation is the process of using digital technologies to create new or modify existing business processes, culture, and customer experiences. An IT strategic plan can help an organization identify the key areas that need to be transformed, prioritize digital transformation initiatives, and plan the implementation of the necessary technologies.

IT Strategic Plan: A 5-Step Planning Process (With Template)

Looking for a way to execute key IT and digital initiatives faster to support business growth? Sounds like you need a strong and well-thought-out IT strategic plan.

On paper, it sounds easy to do, right— “a well-crafted IT strategy should set a clear path on how you’re planning to enhance the business’s performance with technology.”

But developing and executing one isn’t a simple task. According to Gartner’s CIO survey , only 29% of CIOs consider their organization effective at IT strategy and planning. It’s a complex, time-consuming, bang-your-head-against-wall process (if you don’t have the right approach). 

Not to worry—that's why we're here. In this article, we’ll cover the key elements of an IT strategy plan and share a practical step-by-step process with examples to help you create and execute your own. 

Oh, did we mention you get a free IT strategic plan template ?

Ready? Discover how to create an actionable and execution-ready IT strategic plan the Cascade way!

In this article, you’ll discover: 

• What Is an IT Strategic Plan?
• The Benefits of IT Strategic Planning
• Key Components of an Execution-Ready IT Strategic Plan
• The 5 Steps of a Highly Effective Strategic IT Planning Process
• IT Strategic Plan Example + Template

Take Control of Your IT Strategic Planning with Cascade 🚀

What Is An IT Strategic Plan?

An IT strategic plan is a roadmap that outlines an organization's goals and objectives for using technology to achieve its business objectives. It provides a framework for making technology-related decisions and investments that align with the organization's overall strategy .

The Benefits Of IT Strategic Planning For CIOs

In today's fast-paced and competitive environment, CIOs use IT strategic planning process to:

• Set and align IT priorities with business objectives and goals. 
• Prove the value and impact of IT within the organization to increase credibility and influence.
• Assess potential risks and vulnerabilities, and develop proactive measures to prevent financial losses and reputational damage.
• Improve communication and collaboration by breaking down silos, ensuring everyone is on the same page, and rowing in the same direction. 
• Focus on IT projects with the greatest potential for impact and ROI, maximizing the value of IT investments and ensuring efficient use of resources.
• Help organizations stay ahead of digital transformation , technology trends and adapt to changing business needs, keeping technology aligned with organizational needs.

Key Components Of An Execution-Ready IT Strategic Plan

An execution-ready IT strategic plan is more than words on paper. It’s an action plan to improve your company’s technological capabilities and deliver business value. 

If you want to inspire alignment and drive ownership for successful strategy execution, your IT strategic plan should include these elements:

🔎 Focus areas : Where should your team focus the attention and efforts? What area of IT will have the most impact on the business strategy?

📌 Goals and objectives: What do you want to achieve exactly? Your goals and objectives are the outcomes you’re aiming for. 

💰 Budget: What resources do you have to achieve your goals and objectives? Are your plans realistic?

😎 Owners: Who is in charge of projects and accountable for their success? Your IT strategic plan needs individuals or teams to ensure it is executed.

📆 Due dates: When do specific actions, initiatives, and projects need to happen? Your IT strategic plan needs timeframes and deadlines to be enforced and acted upon.

📤 Actions: What specific initiatives, deliverables, or projects need to happen within your focus areas? Your IT strategic plan should provide clear and actionable steps for teams to reach goals.

📈 Measures: How will you track progress as your teams execute? Which are the most important IT KPIs your team should track and report upon? A solid IT strategic plan will have an element of progress tracking that promotes consistency and accountability .

👉 Click here to get your free IT strategic plan template (P.S.: The template has all the key elements described above and is pre-filled with examples so you can start working on it right away.)

The 5 Steps Of A Highly Effective Strategic IT Planning Process

So, now that you know which elements you need to include in your IT strategic plan , let's explore how to get there.

Here are five steps to achieve effective IT strategic planning and execution:

1. The alignment phase: IT strategy is part of your business strategy

While IT strategic planning focuses on medium-term goals, CIOs must consider the realm beyond their IT environment (i.e., your company goals).

In the HBR survey , 77% of respondents said the disconnect between IT and business strategies is resulting in significant costs. 

This is a vital consideration for IT leaders. You must be aware of the dangers of misaligned or isolated strategic planning. Don’t fall into the trap of thinking your IT planning process is separate from other business processes or goals. 

To top it off, a study from Workday found that one-third (31%) of companies are rarely aligned on their digital finance transformation goals, with CFOs citing this as a top barrier to successful digital transformation initiatives. 

Focus less on technology talk and more on business strategy outcomes. 

Schedule a strategic planning workshop and kick it off with a recap and discussion about goals that the company is pursuing to understand how technology can help achieve those goals. 

👉Here’s how Cascade can help you:  

Use the Alignment View to get a visual overview of strategic alignment between your IT plan and business strategy. You can also use it to check how your existing IT initiatives contribute to the success of the business strategy.

2. The analysis phase: What should your IT strategy focus on

According to Gartner 's 2023 CIO and Technology Executive Survey, 95% of organizations struggle to develop a vision for digital change, often due to competing stakeholder expectations.

Sure, the squeaky wheel usually gets the most grease, but don’t use this as your base to identify strategic priorities. This approach won’t move the needle for the organization. Instead, focus on what will have the highest impact on the organization in the future and prioritize those initiatives .

As a strategic leader and changemaker, you’ve got to ask yourself: 

• How should the business approach these challenges? 
• What projects should we prioritize for maximum impact in the future? 
• If everyone’s investing in automation, cybersecurity/information security, and data centers, should we be doing the same? 
• Do we have enough resources to support our current strategy, or do we need to develop new resources? 

Researching IT priorities for your organization based on market impact is a good start, and you can do this with reports, industry research, and other data.

But, Gartner also suggests that you should also look to others within your organization to provide insights and different perspectives on priorities and challenges, for example:

• Leadership signals. 
• Stakeholders in the business who share your vision (Ideal Partners).

💡 Top tip: Your people and teams are valuable assets for identifying areas of IT investment. Bring key stakeholders into your strategic planning process to level up your strategic analysis and research.

3. The goal-setting phase: Who is responsible for what?

Next, decide how your IT strategic plan will filter into actionable projects for different teams to execute.

To drive outcomes, goals need to have owners who will manage their initiatives to completion. These initiatives also need to be aligned with your high-level planning as well as the organization’s broader strategic objectives .

Sound like a difficult balancing act? Not if you take a systematic approach. 

A simple way to get started with goal-setting in a strategy-aligned way is to use a three-column table.  

• Jot down business objectives and problems in column A.
• See how your IT strategy can support or improve them in column B.
• Assign project owners to each initiative in column C.

For example:

Column A: What are our business goals or problems? 

• Improve customer experience

Column B: How can our IT strategy support it?

• Optimize our data analytics capabilities and IT infrastructure.
• Implement new CRM software.
• Develop and deploy new digital solutions to improve customer experience.

Column C: Who is responsible for achieving this?

• Optimize our data analytics capabilities and IT infrastructure → Data Analytics Manager & Data Team.
• Implement new CRM software → Customer Support Team & IT Team.
• Develop and deploy new digital solutions to improve customer experience → Customer Experience Manager & IT Team.

Setting your IT goals this way will ensure that actions consistently align with your company’s strategic objectives. You’ll also be able to see if your strategic goals are realistic and within your budget. Plus, you'll ensure each goal has an owner rather than lacking clarity over accountability and realizing this in your next review. 

Once you’re done, go through your table and look for overlapping imperatives, opportunities to streamline execution, and how to prioritize goals. 

Additionally, share them with other key internal and external stakeholders, get feedback, and make changes based on their perspectives. 

👉Here’s how Cascade can help you:

With Cascade's Strategy Planner, you can easily set IT goals and align them with business objectives in a centralized platform. During setup, you'll be able to add a goal's owner, collaborators, due dates, and measure of success. Doing so can keep everyone on the same page and accountable for progress. 

Here’s an example of IT objectives and goals in Cascade:

4. The execution phase: How to get it right

The way you approach strategy execution can make or break the work you’ve put into your strategic planning. 

A successful and fast execution phase has two equally important parts:

• Building a clear and actionable execution plan with key elements developed in the previous steps. 
• Communicating this plan to your stakeholders. Not just to your IT department, but to everyone who will be involved or affected by the execution of your plan. 

To execute your IT strategic plan successfully, ensure that your stakeholders understand the IT strategy's goals, importance, and potential impact. Clarify IT governance, functions, and responsibilities, and establish communication channels to support transparency and cross-collaboration. 

Clarity and strong execution are critical to achieving your IT goals and delivering real value.

Here are two things you can do to get it right:

• Use visual tools: Create strategic roadmaps to communicate plans and timelines.
• Get the wheel spinning early in the process: Hold a workshop or meeting to officially kick off your execution phase. Use this opportunity to explain the strategic direction, who will be involved in the execution, and why you are doing it. 

👉Here’s how Cascade can help you: 

Simplify how you view your planning and execution: Cascade’s Timeline (Roadmap) view lets you visualize IT goals, plans, and progress in an easy-to-read Gantt-chart-style interface. Use it to plan and monitor your IT strategic plan in one place.

5. The monitoring and adaption phase: Stay on your toes

According to Gartner’s survey of 2,387 CIOs and technology executives, more than half of digital transformation initiatives take too long to execute and more than 50% take too long to realize value.  

Strategy execution isn’t a matter of set-and-forget or one-then-done. 

Plans must be acted on, projects must move forward, and expectations must be met. If you're not actively monitoring strategic initiatives, how do you know if you’ll be able to deliver the promised business value of IT? 

Progress reporting and monitoring should be a top priority for CIOs after a strategy kickoff, especially since only 18% of team members review progress on weekly basis. This means enforcing KPIs (key performance indicators), using the right tools to monitor performance, and regular check-ins with IT project owners. 

Sure,  it’s easier said than done at scale, but here are some tips to get it right:

• Use a performance management system: Use it to get an accurate picture of milestones, top performers, and address execution issues proactively.
• Be ready to adapt and optimize:  Any solid strategic plan will include long-term initiatives that can take three or five years to implement. A great one will be ready to pivot and change in the face of new technology, information, and approaches. Being flexible and open to new opportunities is essential to stay ahead in today's constantly evolving landscape.
• Stop wasting time with manual reporting: The old way of PPT presentations, Word docs, and PDF reports won’t cut it in today’s pace of business. Think about it—every second used to type, send, and read those reports could be channeled into achieving better business outcomes. 

👉Here’s how Cascade can help you: Leverage data sources from anywhere: Cascade's thousands of integrations allow you to consolidate disconnected business tools in one place, reducing context switching and helping to create a single source of truth.

Monitor progress with live dashboards: Use a powerful Dashboards feature to streamline insights into performance, monitor critical metrics, and promote data-driven decision-making.

Keep everyone in the loop: With Cascade’s Strategy Reports , you can instantly visualize data, contextualize any breakthrough or setback, and share updates with your teams in engaging ways.

Example of a report in Cascade.

📌Remember that successful IT strategies depend on:

• Proper research and planning.
• Involving different stakeholders in the strategic planning process.
• Setting realistic goals.
• Communicating the strategic plan effectively to a wider audience.
• Monitoring progress and adjusting as teams execute.

IT Strategic Plan Example + Template 

Get a headstart on your IT strategic planning with our IT Strategic Plan Template . 

What do I get?  This information technology strategic plan comes prefilled with IT KPIs, Projects, Goals, and Focus Areas to help you hit the ground running. 

What if I want to customize it? While it’s pre-filled with examples, you can easily adjust, modify, and customize input to meet your needs. 

Is it right for me? It’s perfect for CIOs, IT departments, and digital transformation leaders who need to create a strategic plan for their departments and show the ROI of IT initiatives to the leadership team. 

👉What are you waiting for? Start developing your IT Strategic Plan today. Click the link here and get your free template. 

✨ This template doesn’t match your needs? You can explore our strategy template library with over 1000 templates, including: 

• Digital Transformation Plan Template
• Technology Roadmap Plan Template 
• Digital Adoption Strategy Template

A well-thought-out IT strategic plan is critical for IT leaders who want their organization to stay relevant in a rapidly changing world.

But it’s not enough to maintain a competitive edge and grow your business. Companies with growth-focused mindsets need a platform that makes strategic execution central to how they do business.

With Cascade, you can turn your IT vision into a future-proof strategic plan your teams can work towards and deliver business results. 

Start today with a free forever plan or book a 1:1 product tour with Cascade's in-house strategy expert.

Popular articles

Viva Goals Vs. Cascade: Goal Management Vs. Strategy Execution

What Is A Maturity Model? Overview, Examples + Free Assessment

How To Implement The Balanced Scorecard Framework (With Examples)

The Best Management Reporting Software For Strategy Officers (2024 Guide)

Your toolkit for strategy success.

ICT Business Plan – Sample – IT and Software Development

• previous post: Financial Model – Food and Beverage – Sample
• next post: Start-up – Sample – Data Analytics Platform

in the Press:

• Immigration
• Testimonials
• Start-up Advisory
• M&A Advisory
• Premium Market Research
• Joorney Digital
• Partner Program
• Joorney Blog
• Ask the Joorney Expert

We Offer Services. Built On Trust

1-844 (829-8639) CALL US

Miami 1688 Meridian Ave Ste 700 Miami Beach, FL 33139

Canada 1200 McGill College Avenue Suite 1100, Montreal, QC, H3B4G7

France 11 rue de Rouvray 92200 Neuilly sur Seine

Serbia Bulevar Kralja Aleksandra 28 Floor 2, 11000 Belgrade

Australia Unit A1 / 35-39 Bourke Road, Alexandria NSW 2015

Immigration | Commercial | Start-Up Advisory | M&A Advisory |

Copyright © 2024 Joorney. All rights reserved. | Privacy Policy

• First Name *
• Last Name *
• Email Address *
• Country Code *
• Phone Number *
• How did you hear about us? * How did you hear about us? (Required) Immigration Attorney Friend Google Ads Google Search Webinar Tradeshow French Founders AILA FACC Consultant Real Estate Agent Accountant/CPA Business Broker LinkedIn Facebook BBB Other
• What is the attorney's name?
• What is the tradeshows name?
• What is the consultant name?
• What is the real estate agent name?
• What is the accountant/CPA name?
• What is the business broker name?
• Company Name
• Do you have a website? Do you have a website? (Optional) Yes, I do. No, I don't.
• What is your website address? (Optional)
• Do you need help with branding/logo, website, or marketing services? Would you like help building a website for your business? (Optional) Yes, please! No, thank you.
• When would you expect to need to start these services? (Optional) How soon would you like to be contacted about building a website? (Optional) ASAP! Once I start my business plan. After my business plan is finalized. After my visa is approved. I'll reach out when I'm ready.
• Other Industry
• How Do you Prefer To Be Contacted? * How Do you Prefer To Be Contacted? (Required) Phone Email Whatsapp Skype Wechat
• What Language Do You Prefer To Speak? (Optional) What Language Do You Prefer To Speak? (Optional) English Spanish Portuguese French Chinese Russian Other
• Other Language
• I am....(Required) * I am....(Required) Applying For A Visa An Immigration Attorney A Start-Up An Established Business An M&A Firm A Business Broker Other
• Select A Business Stage (Optional) Select A Business Stage (Optional) Idea Pre-revenue Post-revenue I'm not sure
• What Is Your Average Deal Size (Optional) What Is Your Average Deal Size (Optional) Under $1M $1-10M $10-20M Over $20M
• What Service Are You Interested In? - ALL (Required) * What Service Are You Interested In? (Required) Immigration Business Plan SBA/Bank Loan Business Plan Franchise Business Plan Grant Business Plan Landlord Deck Market Research Marketing & Sales Plan Financial Model Investor Business Plan Pitch Deck Feasibility Study Idea Selection Capital Raise Strategic Business Plan Debt Financing Confidential Information Memorandum (CIM) Executive Summary Teaser Other
• What Service Are You Interested In? - Startup (Required) * What Service Are You Interested In? (Required) SBA/Bank Loan Business Plan Grant Business Plan Market Research Marketing & Sales Plan Financial Model Investor Business Plan Pitch Deck Feasibility Study Idea Selection Capital Raise Strategic Business Plan Debt Financing Executive Summary Teaser
• What Service Are You Interested In? - M&A Advisor & Business Broker (Required) * What Service Are You Interested In? (Required) Confidential Information Memorandum (CIM) Executive Summary Teaser
• What Service Are You Interested In? - Established Business What Service Are You Interested In? (Required) SBA/Bank Loan Business Plan Franchise Business Plan Grant Business Plan Landlord Deck Market Research Marketing & Sales Plan Financial Model Investor Business Plan Pitch Deck Feasibility Study Idea Selection Capital Raise Strategic Business Plan Debt Financing Executive Summary Teaser
• Other Service
• Visa Type? * What Immigration Business Plan Visa Type Do You Need? (Required) E2 L1 EB2 NIW EB5 Direct EB-5 Regional Center H1B O1 EB1A EB1C Canada I am not sure
• Are you the Visa Applicant? Are you the Visa Applicant? (Optional) Yes, I am the visa applicant No, I'm not the visa applicant
• What is your relationship to the visa applicant? What is your relationship to the visa applicant? (Optional) Family Friend Attorney Other
• Other relationship
• Is this a New Application, RFE, Renewal or Denial? Is this a New Application, RFE, Renewal or Denial? (Optional) New Visa Application RFE Renewal Denial I don't know
• Do you have a deadline? * Do you have a visa application deadline? (Optional) Yes, I have a deadline No, I don't have a deadline
• By When? MM slash DD slash YYYY
• Details/Notes?
• Google Re-Captcaha
• Name This field is for validation purposes and should be left unchanged.

• E2 Visa Business Plan

Communication Technology Business Plans

Administrative service business plan.

Everywhere Assistant is a new start-up virtual assistant business, offering administrative, accounting, marketing, and graphic design services to clients.

Cell Phones Retailer Business Plan

Garbles Cellular’s mission is to offer its customers the highest quality cell phone products and services.

Computer Laser Accessories Business Plan

Brilliant Points develops cutting edge laser/optical controls for computers used in large audience business presentations.

Computer Repair Business Plan

PC Repair will provide computer and technical consulting to local small businesses as well as home PC users.

Integrated Communications Business Plan

Aero Technologies, Ltd., is a start-up company that offers high-tech communications systems to businesses in Botswana.

Satellite Communications Business Plan

Blue Sky Satellite Communications is an ongoing comunications solutions and satellite service provider in Africa.

Telecom Wireless Business Plan

Cellular Providers is taking advantage of an opportunity to become a highly distinguished and recognized industry leader in the cellular communications industry.

Telecommunications Business Plan

TeleSpace, Inc. develops and markets programmable personal communications and unified messaging services for individuals and businesses.

Telecommunications Products Business Plan

OSS Telecom Technology is an established steel conglomerate which is now branching out into the telecommunications sector.

Telephone Sales Business Plan

University Telephones will offer State University students landline phones, cell phones, and cell phone plans.

Tracking Device Maker Business Plan

RQM Technologies (RQM) is a start-up company which will develop and distribute miniaturized Personal Locator Devices.

Wi-Fi Kiosks Business Plan

Stroll Net, a start-up company, will install Wi-Fi compatible, Internet access kiosks in public venues, offering customers casual walk-up anytime access to World Wide Web applications.

Wireless DataComm Business Plan

Pie in the Sky Wi-Fi specializes in the setup, delivery, marketing and maintenance of secure wireless communications (Wi-Fi) for individuals, businesses, and entire communities.

Communication technology, also known as information technology, involves any and all equipment, software, or devices that process and communicate information. It’s an ever-evolving industry, with opportunities for new businesses to enter the market with different, advanced, or alternative communications solutions. However, it can be a difficult industry to find success without a solid business plan to guide you.

Start your telecom provider, cell phone or computer retailer, or other communications company out on the right track with a sample business plan.

The quickest way to turn a business idea into a business plan

Fill-in-the-blanks and automatic financials make it easy.

No thanks, I prefer writing 40-page documents.

Discover the world’s #1 plan building software

Local News | At UC Irvine, hundreds turn out to demonstrate…

Share this:.

• Click to share on Facebook (Opens in new window)
• Click to share on Twitter (Opens in new window)
• Click to share on Reddit (Opens in new window)
• Click to print (Opens in new window)
• Orange County
• Things to Do

Local News | At UC Irvine, hundreds turn out to demonstrate in support of Palestine

Uci still plans to move ahead with its june graduation; it’s “business as usual,” a spokesperson says..

During the two hours protesters at UC Irvine chanted and marched on campus calling for the university to divest financial ties from Israel on Thursday, there was zero visible presence of officers in uniform.

That’s a far cry from the mass pro-Palestinian protest at USC yesterday, where over 200 people showed up and ultimately resulted in nearly 100 arrests Wednesday evening.

The protest at UCI on April 25 comes amid a growing number of demonstrations that have recently swept across U.S. college campuses calling for universities to cut their financial ties to Israel amid the Israel-Hamas war .

While a security protocol was in place, UCI spokesperson Tom Vasich said the university did not want to escalate the situation.

“We also want to protect (the protesters’) First Amendment rights,” Vasich said.

A woman listens to speakers during a demonstrate in support of Palestine at the University of California, Irvine in Irvine, CA on Thursday, April 25, 2024. Protests have been staged at college campuses across the nation in response to the war between Israel and Palestine. (Photo by Paul Bersebach, Orange County Register/SCNG)

Several hundred people demonstrate in support of Palestine at the University of California, Irvine in Irvine, CA on Thursday, April 25, 2024. Protests have been staged at college campuses across the nation in response to the war between Israel and Palestine. (Photo by Paul Bersebach, Orange County Register/SCNG)

Several hundred people march around campus as they demonstrate in support of Palestine at the University of California, Irvine in Irvine, CA on Thursday, April 25, 2024. Protests have been staged at college campuses across the nation in response to the war between Israel and Palestine. (Photo by Paul Bersebach, Orange County Register/SCNG)

People listen to speakers during a demonstration in support of Palestine at the University of California, Irvine in Irvine, CA on Thursday, April 25, 2024. Protests have been staged at college campuses across the nation in response to the war between Israel and Palestine. (Photo by Paul Bersebach, Orange County Register/SCNG)

A woman holds a flag of Palestine as people demonstrate in support of Palestine at the University of California, Irvine in Irvine, CA on Thursday, April 25, 2024. Protests have been staged at college campuses across the nation in response to the war between Israel and Palestine. (Photo by Paul Bersebach, Orange County Register/SCNG)

John Nonato, an organizer who identified himself as a UCI student, said students felt the need to elevate their voices and the student-led movement across the country.

“I want to emphasize that our demands and our focus and purpose of our rallies are clear: Condemning the genocide and calling for Palestinian liberation,” Nonato said.

Prior to the rally, protesters posted their demands for the university to social media, which included a call for full and immediate divestment from all academic and economic activities with Israel, amnesty for all student protesters and an academic boycott of Israeli institutions.

Promptly at 12:45 p.m. on Thursday, hundreds of protesters clad in black and white keffiyehs and holding up signs that read “UC Irvine, Divest Now” and “Invest in students, not war” gathered in front of Langson Library. They chanted various slogans , including “from the river to the sea, Palestine will be free;” “from Palestine to Mexico, border walls have to go;” and “fund our jobs and education, not war and occupation.”

While USC’s demonstration was described as chaotic and boisterous, the protest at UCI, which lasted until 3 p.m., was peaceful with no interruptions or altercations. Instead of stationing police on campus, several university personnel drove around a golf cart or walked a few hundred feet ahead of the protesters who marched around Ring Road.

Protesters started at Langson Library before passing by the Science Library, the engineering lecture hall and the social ecology school.

I’m at UC Irvine, where demonstrators are calling for the university to divest from Israel, joining the pro-Palestinian movement on university campuses across the country. pic.twitter.com/EYuOsICqL6 — Hanna Kang (@byhannakang) April 25, 2024

While no large counter-protest ensued, one man stood off to the side and quietly held up mini Israel and American flags.

Former UCI economics professor Ami Glazer, who retired in 2020, said he came to show support for Israel. The rally on campus was not a pro-Palestinian protest, he said, but an anti-Israel one.

“I don’t see any message regarding a two-state solution, which I would favor. They hate Israel and Jews,” said Glazer, motioning toward the crowd.

On Thursday, protesters called Israel a “settler state” and said a revolution is the only solution to “free Palestine.”

Demonstrators marched past two Starbucks, where they stopped in front to chant “Starbucks, Starbucks, you can’t hide. We charge you with genocide.”

Many pro-Palestinian advocates have boycotted the giant coffeehouse chain amid the war in the Middle East due to its alleged support of Israel. But Starbucks CEO Laxman Narasimhan has said that “narratives get shaped by external voices disconnected from the brand” and that the company “stands for humanity.”

On Thursday, similar demonstrations formed on the Westwood campus of UCLA . And USC announced it is canceling its main stage commencement ceremony .

But at UC Irvine, graduation will be business as usual, Vasich said.

“Our commencement is in June, a very different story (from USC),” he said.

• Newsroom Guidelines
• Report an Error

More in Local News

Local News | Tortoiseshell kitty Penelope is sweet and gentle

Local News | Sweet Tibetan spaniel Ollie will shower you with love

SUBSCRIBER ONLY

Local news | orange county restaurants shut down by health inspectors (april 18-25).

Local News | Photos: Westminster School District celebrates Olympics tradition with student athletes

Aubrey O'Day Claims Diddy Wanted to Buy Silence in Return for Publishing Rights

Bikini Babes In Cowboy Hats ... Well Hay There Hollywood Hotties!

Caitlyn Jenner Confronts Pro-Palestinian Protesters at Correspondents' Dinner

Miranda Lambert Good Genes or Good Docs?!

President Joe Biden Pokes Fun at Donald Trump At WH Correspondents' Dinner

Kanye plans to launch 'yeezy porn,' consulting with stormy daniels' ex, kanye west plans to launch 'yeezy porn' ... could be coming soon.

Kanye West has his sights set on a new business venture, and it's all about people having sex on camera -- the guy's looking to professionally dive into porn at long last ... TMZ has learned.

A rep for Yeezy tells TMZ ... Ye's been kicking around the idea of launching his own pornography studio and brand for a while -- and now, we're told he seems dead set on doing it ... 'cause he and his partners are in advanced talks to actually get something up and running.

We're told Kanye and co. have been talking about building an entire Yeezy Porn studio -- which would be part of a broader adult entertainment division at the parent Yeezy company.

In order to get it going, the rep tells us Kanye has been talking to Stormy Daniels ' ex-husband Mike Moz -- a vet in the porn biz -- to help shepherd the whole thing as the head of the new Yeezy wing.

Like we said, Mike knows a thing or 2 about porn ... he's worked as a producer for well over a decade -- but even before that, he'd done casting and art direction in the same industry ... so he's been around the block.

His credits include "Aroused," "Abigail," "Young Fantasies 7," 'Vixen' and lots of other XXX flicks.

In terms of when this might come to fruition ... we're told it could launch as early as this summer.

If you've followed Ye's career, this is, honestly, no surprise. Kanye has been pretty open about his sexual fantasies and love of porn over the years -- and he's rapped a lot about XXX-type scenarios with various women he's been with, including his ex-wife Kim Kardashian .

Now that he's with Bianca Censori , he seems all about showing off her naked body as much as possible -- which is very much in line with Ye's brand and aesthetic ... hot baddies.

What's interesting is that Kanye has had a bit of a back-and-forth relationship with porn -- at times, he's proudly embraced the fact he likes to watch porn, and was even addicted to it ... other times, he's denounced his fondness for porn and said it wasn't good for his spirit.

Now, the dude is back on the pro-porn side of things ... and, while it remains to be seen what style of content he wants to produce, you can bank on it being explicit.

• Share on Facebook

related articles

Kanye West Details Punching Twin, Insists Wife Bianca Was Grabbed

Kanye West Says He Wants Threesome with Michelle Obama & Bianca Censori

Old news is old news be first.

This website will offer limited functionality in this browser. We only support the recent versions of major browsers like Chrome, Firefox, Safari, and Edge.

• Publications

ICT infrastructure business planning toolkit

• Capacity building
• Digital infrastructure

In this issue

As of the end of 2018, more than half of the global population is connected to and uses the Internet. To advance the UN Sustainable Development Goals, ICT infrastructure needs to be built out in unserved and underserved populations. ICT Infrastructure Business Planning Toolkit explores several key areas of development that needs to take place in order to get the whole world connected. These ICT infrastructure development tools include access to networks, regulatory policies, estimating broadband demand and revenues, estimating investments in fixed and mobile broadband, estimating operational expenses and weighted average capital costs, and reviewing the financing mechanisms of broadband infrastructure enablement. The toolkit is written for regulators and policy-makers to offer a clear and practical methodology for accurately evaluating the economic impact of broadband infrastructure and create effective infrastructure deployment plans.

Related content

World telecommunication/ict indicators database online, telecommunication networks and infrastructure resilience assessment in haiti, smart mobility in focus at the future networked car symposium.

This information is available only to people with TIES access.

Privacy Overview