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Tech Hub and IT Academy Business Plan Financials, Model and Financial Projections Excel Template

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Category: Financial Plans & Projections



Brief Overview of Tech Hub and IT Training Academy

In this world of globalisation, the presence of technology startups cannot be underrated. As far as there are technology services or products available on the market, technology start-ups have to exist. Essentially, a tech start-up is a firm that sees into making available technology services or products to the consumer. These products might be new or existing technology products.

Beyond bringing technology services or products to the marketplace, tech start-ups are innovative and have a lot to do with growth and scalability. The sole objective of start-up firms is to offer remedies to a problem where there appears to be no guarantee of remedy.

Simply put, a tech hub works with the objective of bringing a technology product to address a specific issue when there appears to be no apparent solution. Because of this, a technology hub and ICT can be stated to be a body organized to offer a repeatable and scalable business model. They do this by imparting knowledge to the young recruits in the society. In Nigeria today, many young adults are enrolling in tech hub and IT training academy to get themselves trained up and specialise in one area or another in ICT.

Potential of Tech Hub Business and IT Training Academy in Nigeria

The remarkable pursuit for computer literacy skills notifies the proliferation of tech hub and IT training academy in Nigeria today. It is a profitable business as there is a practically assured client prospect. It might also be much less competitive; however, this depends on your locality. People that are in this business make great returns on investment monthly. In tech hub and IT training academy, you generate funds from enrollment and program fees, sales of manuals and handbooks, practical fees and so on.

Steps on How to Start up Tech Hub Business and IT Training Academy in Nigeria

            The following steps can be taken for those who wish to startup a business in technology hub and ICT academy in Nigeria;

Capital

You need sufficient capital to begin your ICT business. A money that should not be much less than 4 million Naira for a start.

Location

Select the very best location to site your ICT company, you can site it in a marketplace, school, or a very busy area where people can troupe in. A location that will support the service you make to them. It involves asking questions on what the area does not have at the moment and put into consideration if opening an ICT academy will be the very best choice. It ought to be easily located for clients, if you choose to site it in a location that does not fit your business it will have an unfavorable effect on cost and revenue.

Equipping the Classes with the Very Best Tools

This is majorly for those that are into offering ICT gadgets. You can get agents that will acquire/import goods for you at a less expensive price. it entirely depends on the country you want to get your products from or you can also purchase from Nigeria inventors for the right product, the objective is to stock products that are of high quality, less expensive and affordable.

You ought to likewise stay current on new features, devices, or various other technological innovations. It is among the function that makes your business stand out among others.

Get Registered with Cooperate Affairs Commission (CAC)

Get a business name for yourself and register it under corporate affairs commission (CAC)

Promotion (Marketing your business)

Opening a business is not yet finished until you promote and publicize it, this can be done through creating a customized banner and logo for your brand then you promote it on social media platforms, TV stations, radio stations, billboards, websites with highest possible numbers of promotions.

 

Overview and Features of the Excel Template

The excel template comes with a powerful presentation and a thorough financial analysis and model for succeeding in this business venture. The template will enhance your chances of getting grants, attract investors and bank loans.

Inside this template, you will get:

  1. 3 years Income Statement.
  2. 3 Years Financial Position
  3. Cash flow Statements
  4. Trial Balance and Account Charts.
  5. Automated Macros to make the template faster, user friendly and accurate with little or no manual input.
  6. 24/7 Support from our team of financial experts and analysts.

 

Ms Excel Template

V.1 (2022)

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