The best computer franchise opportunities tap into growing small business market, embrace rapid tech change
Technology is big business, and there’s no shortage of technology-related franchise opportunities, whether they’re educational, service-based or simple repair businesses. Which are the best choices for ambitious entrepreneurs searching for great opportunities?
They’re the ones that have latched onto emerging and largely untapped markets; those with strong home offices with proven systems; and that stay ahead of the technology curve, sharing the latest developments in products and services with their local owners.
A field that market experts have pinpointed as one of the strongest growth areas for IT vendors is the small business market, which offers savvy small businesspeople unmatched opportunity to take advantage of the rare combination of genuine market demand and an underserved market segment.
Consider the evidence:
According to a recent CompTIA survey, small business spending on technology grew 65 percent from 2008 to 2009 and another 24 percent from 2009 to 2010 — to an average of $79,923 per business. That number will only increase as technology becomes both more important and more complex.
The national small business market consists of more than 6 million units, representing a potential $300 billion in IT spending. Of those, an estimated 2 million small and medium-sized businesses nationwide earn at least $2 million every year; have been in business for at least two years; and are in industries that rely on IT. The vast majority of those lack a strategic tech partner and take care of their IT needs in-house — which can rob any business of time, energy and efficiency. The opportunity to serve this market is enormous.
Managed IT services, those that provide services to small businesses at fixed and affordable rates and aim to prevent rather than react to problems, are proving to be the route of choice for small business owners. Business owners have to make every dollar count, and managed services make more financial sense in the long run than “break-fix” vendors who respond only when technology fails.
CMIT Solutions, a provider of managed IT services to small businesses, taps into this rich field with a system of skilled local owners who know how to serve and build trust with other local small business owners. CMIT Solutions keeps close track of the latest developments in cloud computing, visual collaboration, security measures and other key facets of the rapidly changing technology market, ensuring that CMIT’s local owners and the local businesses they serve stay ahead of the game in IT support.
Interested in finding out how entrepreneurs can tap into this growing market? Download our franchise information report to learn more.