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The 5 Best Business Cell Phone Plans of 2023

Data as of 12/7/22. Offers and availability may vary by location and are subject to change. *AutoPay Discount included: -$5/mo. per line. Plus taxes & fees.

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Business.org’s 5 best business cell phone plans

AT&T: Best full-featured plans

Looking for a broad choice of bells and whistles? As a telecom behemoth, AT&T has plenty of cell phone features and packages to offer a business—around 20 plan variations, small to large. All plans include free US roaming, unlimited talk, and text messages, as well as unlimited texting outside of the country. Basic features like call forwarding, voicemail, caller ID, call waiting, and conference calling also come standard with all AT&T business cell phone plans, along with bring-your-own-phone support.

AT&T's business cell phone plans

Data as of 12/7/22. Offers and availability may vary by location and are subject to change.

Business Unlimited plan prices start at $35 a month per line, and there is a new perk where unlimited data is included in the unlimited talk and text plan. This means there is no need to worry about overages or data caps. 

 AT&T business plans can also accommodate up to 10 lines per account, and they come fully loaded with perks—like Stream Saver. This feature optimizes streaming video on your phone to 480p so you can watch webinars on-the-go without dealing with a blurry picture.

Each plan also includes a decent array of iOS and Android smartphone options and even a few good ol’ flip phones. A 15% military veteran discount can be applied to the Business Unlimited plans, as well as AT&T-owned DIRECTV services (because, again, telecom behemoth).

Users are eligible for a discount if they elect for autopay and paperless billing but this discount is only applied until after two pay periods. We don't know why the discount cannot be applied earlier in the billing process but we do find it frustrating. 

T-Mobile: Best flexible plans

Not sure exactly what you’ll need in a mobile plan besides future adaptability? T-Mobile, the third-largest wireless service in the US, offers four Magenta® for Business plans, all packed with unique features that set T-Mobile apart from the rest. The German-owned company has also earned a reputation for stellar customer service and was the first to eliminate annual contracts (an idea that stuck—none of the plans reviewed on this page require contracts). In April 2018, the company announced its intention to merge with Sprint under the T-Mobile banner.

T-Mobile's business cell phone plans

Data as of 12/7/22. Offers and availability may vary by location and are subject to change. *While using AutoPay.

All of T-Mobile’s Business cell phone plans offer the same basic features:

Unlimited talk and text

Unlimited 5G and 4G LTE data on our network

• Unlimited mobile hotspot
• Scam Shield

Unlimited calling and texting to Mexico & Canada

Unlimited video streaming

In addition, all T-Mobile Business plans include DIGITS, which allows you to access up to five phone numbers on a single device. That means you could answer calls to your work number and your personal number on one device—no more packing two phones in your bag every day. DIGITS also lets you share your phone number across multiple devices, so you can answer on your phone, smartwatch, tablet, or computer.

T-Mobile users with a Business plan can also add the PlusUp add-on and get extra features, like Voicemail to Text, HD streaming, 20 GB of 4G LTE mobile hotspot data, unlimited in-flight Wi-Fi, caller ID, and double the data speed when roaming internationally.

Keep in mind, though, that T-Mobile’s Business plans are available only on plans with two to 13 lines. If you need more than 13 lines, you’ll need to sign up for the 13+ Plan ($285 per month for 13 lines, plus $25 per month for each additional line).

T-Mobile plans also allow bring-your-own-device convenience, or you can buy phones up front with a single payment (there are nearly 40 iOS and Android phones to choose from).

Now that T-Mobile and Sprint have been merged for almost six months, some significant changes have taken effect. T-Mobile’s website is now the only place businesses can sign up for Sprint or T-Mobile business phone accounts.

Sprint still has an active business website for previous users but all new plans will be sold by T-Mobile on its website.

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Verizon: Best growing business plans

Serving over 150 million customers, Verizon isn’t just big, it’s BIG. Such a mobile mammoth might not seem like the obvious choice for a small business, but for what it lacks in a personalized customer service reputation, Verizon more than makes up for by offering every cell phone feature there is, as well as dominant US, and near-dominant global, coverage. Like McDonald’s and Marvel movies, Verizon is everywhere.

Verizon's business cell phone plans

Data as of 12/7/22. Offers and availability may vary by location and are subject to change. *With 4+ lines

While business owners can get business cell phone plans with limited data, we recommend choosing an unlimited plan if you have multiple employees (or do a lot of work via cell phone).

Verizon’s Business Unlimited cell phone plans are scalable from four employees up to and over 40. And with plans starting at just $40 per line, Verizon Business Unlimited plans are an attractive option whether you’re running a tiny company with no expansion plans, a medium-sized business with an eye toward growth, or a large enterprise with heavy cell phone requirements.

Verizon Beyond Unlimited plans also include unlimited mobile hotspot use, though your speeds are limited depending on your plan. Plus, you get unlimited calling and texting to Mexico and Canada—not to mention unlimited calling, texting, and data while in those countries. And naturally, you also get unlimited talk and text as part of your Beyond Unlimited package.

Verizon doesn’t skimp on device choices either. There are nearly 100 iOS and Android phones and tablets available—including the Verizon Jetpack, a mobile hotspot device that can connect 10 devices to its 4G LTE network and an additional five to 3G.

If your company requires truly “unlimited” cell phone service and scalability to grow and is in the position to pay for functionality with frills, Verizon Business Unlimited is the way to go. Bare-bones operations, however, might want to look elsewhere.

Each of our recommendations has its strengths and weaknesses. Sometimes the most difficult part about finding a phone system is determining exactly what you need and don't need. The best place to start is separating your needs between installing a new system, replacing a system or expanding system.

If you are having trouble sorting out exactly what your phone needs are, use this tool to help you understand what the best options are for your unique needs. 

MintMobile: Most affordable plans

We are sure you’ve seen the commercials with Ryan Reynolds talking about this new phone carrier business with a fox logo called Mint Mobile. In fact, a lot of Mint customers were drawn to Mint because of Ryan Reynolds Hollywood looks, but that’s not the only thing Mint has to offer. 

Mint is inexpensive and transparent, compared to other cell phone carriers with hidden fees and seemingly random regulations.

MintMobile's business cell phone plans

Data as of 12/7 /22 . Offers and availability may vary by location and are subject to change.

T hese are the prices for new customers and will last up to three months. After the third month, you are eligible to sign up for a 6- or 12-month contract on one of the tiered plans, all less than $35/mo/user, which is astronomically less than other providers. 

MintMobile is no fuss, and you really do feel like you must be tricking the rest of the world with its pricing. The only issue is that MintMobile is fairly new, launched in 2015, coverage is not completely everywhere. There are still a couple of coverage gaps in the West, namely Utah, Nebraska, Idaho and Nevada. If you are east of the Rocky Mountains, you are good to go!

Teltik: Best perks plans

If you’re a strapped startup, New Jersey’s Teltik can get you up and running on the cheap. Teltik is a reseller service operating on T-Mobile’s 4G LTE network, meaning it can offer the reliability and reach of a giant provider at smaller-company prices. Teltik also has the advantage of being completely US-based, with 24/7 local customer service that’s not outsourced overseas.

Teltik's business cell phone plans

3 more (non-business) cell phone plans reviewed by Business.org

Teltik appears to have a dozen plans, but they’re mostly just variations of the essential plan that offers all the expected basics. Not coincidentally, the features mirror those of T-Mobile, as they’re on the same network.

The most basic plan starts at $20 a month and includes unlimited calling and texting, mobile hotspot service, and unlimited data—with a 2 GB cap on 4G LTE speeds (meaning your speed gets throttled to 128 Kbps if you use more than 2 GB of data in a month). From there, you can upgrade your plan to include more 4G LTE data and more mobile hotspot data. Upgraded plans cost anywhere from $30 to $40 per month, and they all include one cloud-phone VoIP line—perfect for small businesses looking to save on all their telecommunications needs.

One distinctly entertaining feature (pun intended) of Teltik’s business plans? You get unlimited media streaming from over 40 music services (including Spotify, Pandora, and Apple Music) and more than 100 video services (including YouTube, Netflix, and any other channel you can think of). That means you can stream as much TV as you want without it eating into your data. It’s almost as if Teltik doesn’t want you to get any work done.

Another thing you need to know: Teltik doesn’t sell phones. Instead, the company operates on a strict bring-your-own-device basis. Any unlocked phone will work with its network, as will any T-Mobile device, of course. However, you will have to spend $10 plus shipping and handling to buy a new SIM card for each of your devices (unless they’ve already got brand-new, unused T-Mobile SIM cards).

The takeaway

Assess your company’s current cell phone usage, and projected future needs, before diving into any plan. What looks like a great deal could turn out to be more than you actually need—or you may have initially underestimated your business’s cell phone requirements. Also, if your company has both cell phone and regular office phone needs, check into bundling. The larger telecom providers offer both types of phone coverage, and bundling services is an easy way to save money in the long run.

Don’t want to carry around separate phones for work and personal calls? With the right VoIP service, you don’t have to. Check out our favorite business VoIP providers to see which ones offer on-the-go business phone capabilities.

Business cell phone plan FAQs

If you have several employees working outside of the office on a regular basis, desk-bound phones obviously aren’t going to work for them. Some may be only calling and texting while others will be checking email, using GPS navigation, and accessing the internet for work, but a cell phone is a must for employees in the field.

If you’re a one-person operation accountable to only yourself, you could get by with a personal cell plan. Keeping track of multiple employees’ hours, data, and providers, however, would be an extra headache you don’t need. For streamlining and collaboration purposes, a business cell phone plan would be the easier route.

Most of the plans we’ve reviewed here offer unlimited data—domestically, at least—so hitting the data ceiling won’t likely be an issue. But if you want to forecast how much data your business uses every month, providers make data plan estimators available on their websites. Or you could use a third-party calculator app.

BYOD stands for bring your own device . Another common term is BYOP for bring your own phone . These can mean that employees are using their personal phones, tablets, or laptops on their own carrier plans for work or that they’ve put those devices on the company’s plan. The upside? Less expensive than buying devices. The downside? Extra security concerns.

In the annoying absence of Wi-Fi, you can use a cell phone signal to connect a wireless device to the internet by switching on the mobile hotspot option and simply treating it like a Wi-Fi router. For multiple device connections, a dedicated hotspot (such as Verizon’s Jetpack) can provide a faster, and more stable, connection.

Business owners weigh in

Methodology

To find the best business cell phone options, we considered pricing plans, customer support, and data limits. We also looked at the variety of contracts and whether these plans were flexible with discounts. 

At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

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• Best Business Cell Phone Plans

Best Business Cell Phone Plans Of 2024

Updated: Mar 17, 2024, 11:08am

Business cell phone plans are an important consideration for any team. LinkedIn reports that 57% of sales professionals saw an increase in calls to customers in 2020. Ensuring that all of your staff can pick up the phone no matter where they are can make a huge difference in your overall sales.

If you want phone calls on the go, you have several options at your disposal. For one, you could go with a business-centric plan from one of the major United States wireless carriers. Alternatively, you could use one of the leading voice-over-internet-protocol (VoIP) platforms and stay connected via a mobile app. Forbes Advisor ranked the best mobile options on the market to help you figure out which is best for your brand.

• Best VoIP Service
• Best Free VoIP Phone Service
• Best VoIP Cell Phone Service
• Best Conference Calling Services
• Best Call Center Software

The Best 5 Business Cell Phone Plans of 2024

Why you can trust forbes advisor small business.

RingCentral

Verizon Wireless

Google voice, at&t wireless, forbes advisor ratings, methodology, considerations for choosing the best business cell phone plan, frequently asked questions (faqs), next up in business.

Featured Partners

$20 per user, per month (paid annually)

On RingCentral's Website

Starts at $10 per user, per month

On Zoom's Website

$18.95 per user, per month

On Nextiva's Website

• RingCentral: Best VoIP business mobile plan
• Verizon Wireless: Best traditional wireless carrier
• Google Voice: Best mobile solution for sole proprietors and freelancers
• AT&T Wireless: Best for mobile security
• T-Mobile: Best for novel features

The Forbes Advisor Small Business team is committed to bringing you unbiased rankings and information with full editorial independence. We use product data, strategic methodologies and expert insights to inform all of our content and guide you in making the best decisions for your business journey.

We reviewed the leading mobile phone providers in the market using a detailed system to determine the five best cell phone services for small businesses. Pricing was an essential consideration when putting together our list as were the features that each provider offered. We also took into consideration real users’ experiences with the cell phone providers to come up with our final rankings. All ratings are determined solely by our editorial team.

Best Overall Business Cell Phone Plan

Starting price

$24.99 per user, per month

Free hardware available

International coverage

RingCentral is a far cry from your traditional business cell phone plan. It does not offer a wireless network or devices for your team. Instead, this VoIP service offers a monthly (or annual) subscription to software you can use from a computer, tablet or smartphone via an app. In most cases, subscribing to RingCentral and having your team log in to the app via their accounts is a lot more affordable than going with one of the big wireless carriers. Therefore, it is our top overall pick for business cell phone plans.

Regardless of which plan you choose, all versions of RingCentral come standard with the following:

• Unlimited calls within the United States and Canada
• Unlimited business short message service (SMS)
• Team member messaging
• Voicemail to text
• Document sharing
• Toll-free numbers

Service plan costs vary depending on how many people you employ. Pricing for two to 20 users on an annual basis is as follows:

• Essentials: $24.99 per user, per month with unlimited domestic calling, SMS, document sharing and voicemail-to-text functionality
• Standard: $27.99 per user, per month with unlimited fax, video calling for up to 100 people, the ability to adopt a number in more than 100 countries and more
• Premium: $39.99 per user, per month with automatic call recording, third-party software integrations and more
• Ultimate: $54.99 per user, per month with advanced status reports, alerts and unlimited online file storage

RingCentral’s plans offer features that aren’t available through larger carriers. The fact that RingCentral offers toll-free numbers is helpful in commanding a more professional business presence, and features like video calling and faxing are nice bonuses. RingCentral also has an intuitive, modern interface that closely resembles your smartphone’s default phone and texting apps. Once it is installed, you can think of the app as a business phone that lives in your personal phone.

The only downside with RingCentral as a business cell phone plan is it requires a fair amount of trust. On one end, you will need to consider whether or not you can count on your team members to keep company information secure if the app is installed on their personal devices. Additionally, your staff may not feel comfortable with having their work phone installed onto their smartphones.

While the lines between work and home continue to blur, thanks in large part to apps like Slack and Zoom, you might want to evaluate your company culture before moving forward. It’s also worth noting that all of RingCentral’s features can be used on a PC or Mac.

Learn more: Read our full RingCentral review .

Who should use it:

RingCentral’s pricing and features make it a good fit for businesses of every size.

• Free 15-day trial
• Very affordable monthly plans
• Able to customize service by business size and industry
• Available across multiple devices
• Possible to video conference with up to 200 people
• Must upgrade for 24/7 customer support and, even then, it apparently leaves a lot to be desired
• Plans get inexplicably more expensive for sole proprietors
• Can only rent phones with multi-year contracts

Best for Traditional Plans and VoIP Features

Plans as low as $30 per month, per line

Verizon is one of the largest carriers in operation, with coverage and services spanning from coast to coast and beyond. The company makes our list as it provides solid cell phone plans for small and large businesses alike. You can choose from one of several subscription options according to what works best for your company.

Flexible Business Wireless Plans

The Flexible Business Wireless Plan offers unlimited domestic talk and text, unlimited international messaging and a mobile hot spot. It also comes with a shareable data pool for your phones, tablets and other devices. You can even gain access to corporate email services.

What makes this plan “flexible” is that you get to choose the amount of data you want to add to your smartphone, tablet or both. The pricing plans vary according to the amount of data you need for your device. Use a handy calculator to determine how much smartphone or tablet data you’ll need to get an idea of your expected monthly price.

Business Unlimited Plans

These Verizon business phone subscriptions provide companies with unlimited talk, text and data through three tier levels: Start. 2.0, Plus 2.0 and Pro 2.0:

• Business Unlimited Start 5G: As low as $30 per month when you add five or more lines. Includes unlimited talk, text and data; 5G nationwide/4G LTE and call filter
• Business Unlimited Plus 5G: As low as $40 per month with five or more lines; it includes everything in Start plus 5G Ultra Wideband, 100 GB Premium network access and an unlimited mobile hotspot. The tier also offers Business Mobile Secure, which protects your smartphones against potential security threats.
• Business Unlimited Pro 5G: As low as $45 per month when you buy five or more lines; offers unlimited Premium Network Access and a 50% discount on Business Unlimited Pro tablet plans

The monthly plan price fluctuates according to the number of smartphone lines you buy. Although Verizon offers generous price discounts with each tier, smaller businesses might find the pricing plans a bit expensive, even excessive if they don’t need five or more lines.

Verizon lets you bring your own device (BYOD) to the service and even offers discount deals for doing so. However, not every device is compatible, and the brand recommends confirming compatibility before making the switch. Verizon often offers free phones or generous credit, between $200 and $1,000, toward purchasing a new phone.

Like many service providers, Verizon tends to automate customer support to the point where some customers struggle to speak with an actual human. Because it can be hard to talk to anyone, customers often find Verizon’s customer service somewhat lacking. To make up for this, Verizon offers a feature in which an agent will call you when one is available if you don’t feel like waiting on hold.

Verizon represents a more traditional phone plan structure, one with its service easily accessible across the country and via different locations worldwide. As such, even pricing and customer service issues are but minor deterrents. You’re still getting a big carrier plan with coverage in most of the United States and a wide range of service plans and devices to suit your needs.

Verizon works well for small to large businesses with a healthy budget.

Learn more:

Read our full Verizon Wireless review .

• Nationwide coverage
• Offers mobile VPN with certain plans
• Data, calls and texting available to use while in Canada and Mexico
• Ability to mix and match plans
• Could be overkill for smaller organizations
• Plans can get expensive

Best for Sole Proprietors and Freelancers

Plans starting at $10 per month, per user

Google Voice is an ideal choice for those who need an extra business phone number but might not be able to afford a complex and pricey service plan. Google Voice is a popular virtual phone service that offers call forwarding, voice and text messaging and voicemail options. Best of all, there is a version of the system that is entirely free to use as long as you have a Google Account.

Google Voice is popular for offering an impressive set of functionality in its free tier. As long as you have a personal Google Account, you can adopt a local number with nearly any area code in the United States. You can make unlimited domestic calls and texts across the U.S. and Canada from your phone or computer.

Because Google Voice is a free service, it can be especially useful to a small, cash-strapped business that wants to be able to make and receive calls without committing to pricier service plans offered by AT&T or T-Mobile. Though an existing number is required, once you link it to Google Voice, you’re able to communicate using virtually any device. If your business needs more than what the freeware offers, you can sign up for one of Google Voice’s subscription plans:

• Business Starter: $10 per user, per month; recommended for entrepreneurs or small businesses with 10 people or less
• Business Standard: $20 per user, per month; works for businesses of any size
• Business Premier: $30 per user, per month; aimed at larger, international companies

Once you upgrade, you can enjoy features such as unlimited domestic calling and text, voicemail transcripts, a “do not disturb” feature linked to your Google Calendar working hours, use and activity reports and 24-hour technical support. Upgrade to Standard or Premier for additional perks, including desk-phone compatibility, auto attendants and eDiscovery for calls, text messages and voicemail.

Overall, Google Voice offers businesses several benefits at either no cost or through very affordable service plans. Even if there are downsides, with the amount of free features, Google Voice is a beneficial service.

Learn more: Read our full Google Voice review .

Google Voice works best for organizations, small and large, that want a business cell phone plan that streamlines their contacts across multiple devices.

• Free version available
• 14-day trial for paid features
• Highly scalable, with service options for businesses of every size and budget
• Get a local number
• Unlimited calling and SMS
• Need an existing phone number to forward calls
• Must have internet/Wi-Fi connection to use

Best for Mobile Security

$30 per line, per month

We chose AT&T Wireless as it offers flexible cell phone plan options with plenty of added perks. With AT&T, your company has access to nationwide coverage and a range of plans that come standard with unlimited talk, text and data.

In addition to domestic coverage, AT&T provides unlimited talk and text from the United States to Canada or Mexico with no roaming fees. Some plan options even extend service options from the U.S. to up to 120 countries. It is crucial to note that some features are only available through devices compatible with AT&T’s service.

You can choose between one of several business-related subscription plans, priced per month and per smartphone line. AT&T’s best per-line pricing options come with six or more lines.

Unlimited Your Way

AT&T provides unlimited business service plans that let you choose only what you need for team members. There are three tiers available; you can purchase between one and 10 lines with these plans (per the Unlimited Your Way plan group), with per-month pricing fluctuating according to your decision.

• Business Unlimited Starter: Begins at $30 per month, per line with five or more lines and includes unlimited domestic talk, text and data, and unlimited talk and text to Canada and Mexico; offers access to AT&T’s 5G and 5G+ services on compatible devices where available and standard streaming and mobile security
• Business Unlimited Performance: Begins at $35 per month, paid per line with five or more lines. It includes everything in Starter, plus advanced mobile security and high-definition streams; each line has access to 30 GB of hotspot data.
• Business Unlimited Elite: Begins at $45 per month and per line for five or more lines; this plan adds AT&T Business Fast Track, which gives higher priority to your data usage, letting things run smoothly during times of high congestion; the plan gives you 100 GB of hotspot data

AT&T Mobile Select (Pooled)

Perhaps one device needs 5 GB per month while another only needs 2 GB. Pooling data means that each team member only uses a specific amount and your business only pays for exactly what it needs. In addition to pooled data, this plan provides unlimited talk and text. Customers will also get access to Stream Saver, which conserves data when users stream content.

Depending on your device or location, AT&T also offers its Call Protect Basic service. Plans start at $35 per month for 1 GB and increase according to your intended data pool.

AT&T Business 4GB

This plan option gives your business access to 4 GB of data per line, plus unlimited talk and text. Pricing isn’t as straightforward as it could be. The most affordable plan costs $50 per month, per line, when you buy at least three lines; the service option maxing out at 10 lines. Please note that this price is only guaranteed when you agree to sign up for autopay. This knocks $25 off the price per smartphone line with a service commitment.

AT&T’s Security Features

AT&T offers protection against increasingly common annoyances such as spam and fraud calls, including the ability to block suspicious phone numbers outright. For an additional service charge, AT&T provides its Secure Wi-Fi VPN service through AT&T Mobile Security Plus. The most basic version of this is available free with every plan and includes device security and breach reports. The add-on costs $3.99 per month and comes with a serious upgrade on secure mobile features:

• Secure Wi-Fi VPN
• Personal ID monitor
• Safe browsing
• Wi-Fi alerts
• Theft alerts (Android devices only)

If you’re looking for free hardware, AT&T Wireless does offer discounts and deals from time to time, including free phones or generous discounts towards the purchase of a qualifying phone.

AT&T’s business cell phone plans are impressive. Unfortunately, when things get congested, your service quality can drop substantially thanks to data caps and slowed coverage. AT&T often forces customers to upgrade to higher tiers to avoid slowdowns. The company’s plans can also get very expensive when you account for optional add-ons and devices.

AT&T Wireless is one of the larger service carriers, and so it can guarantee coverage and high-quality service to almost all of its customers. That said, its service fees could prove to be too expensive for smaller businesses with very tight budgets.

AT&T is best for mid to large-size companies with specific data needs and a desire for greater security when communicating or transferring information.

• Provides highly customizable business cell phone plans
• No roaming fees for Canada and Mexico
• Offers stellar mobile security add-ons
• No overage charges
• Data speeds drop when service gets very busy
• Add-ons and premium tiers can make the service pricey

Best for Novel and Unique Features

$25 per line, per month

T-Mobile is the third of the three biggest U.S. wireless carriers, after merging with Sprint in 2020. While it has all the standard functionality of the other business cell service providers, what makes it stand apart are its unique and novel bonuses that come with select plans. For instance, some plans come with Microsoft 365 and unlimited in-flight Wi-Fi.

T-Mobile offers limited and unlimited talk and text service in Canada and Mexico and standard 5G in its business packages. Additionally, all levels of T-Mobile’s business cell phone service come with its scam shield module, which identifies and warns you about known scam callers on your caller ID.

You get to choose from one of four service plans available for businesses, each priced per month and per line:

• Business Unlimited Select: Available for as low as $25 per month, per line when you purchase at least six lines; comes with 50 GB of premium data and 5 GB of hotspot data, limited talk and text to Mexico and Canada and unlimited standard definition streaming
• Business Unlimited Advanced: Available for as low as $30 per month, per line when you purchase at least six lines; includes one hour of free in-flight Wi-Fi,100 GB of premium data and a 40 GB hotspot plus unlimited talk, text and data in Canada and Mexico, as well as 5 GB of high-speed data at no extra cost; provides unlimited high definition streaming; includes two basic Microsoft 365 Business licenses
• Business Unlimited Ultimate: Available for as low as $40 per month, per line when you purchase at least six lines; unlimited access to premium data and 100 GB for your hotspot as well as unlimited in-flight Wi-Fi; get unlimited video streaming with quality up to 4K UHD
• Business Unlimited Ultimate+ for iPhone: Available for as low as $50 per month, per line when you purchase at least six lines; unlimited access to premium data and 200 GB for your hotspot as well as unlimited in-flight Wi-Fi; get unlimited video streaming with quality up to 4K UHD and Apple Business Essentials and AppleCare+

As mentioned, T-Mobile’s smartphone pricing will change depending on how many lines you choose to buy. You will be charged $60 per month for the most basic option if you only buy a single line. For this reason, smaller companies with tight budget constraints might find T-Mobile’s pricing to be too expensive, especially if they only need a few lines.

But for more mobile businesses that have employees constantly on the go, there are some really great perks. Offering access to unlimited in-flight Wi-Fi and unlimited talk, text and data to employees in Mexico and Canada could become a great selling point for your own brand.

Like most major carriers, there are a lot of customers competing for data priority. While T-Mobile offers access to this “premium data,” you have to pay a lot more out of pocket to ensure that your service doesn’t stagnate when things get particularly busy.

T-Mobile typically has multiple deals concerning phones, including free devices or credit up to a few hundred dollars towards buying a new smartphone. Like many such deals with carriers, they come with specific contract requirements, so it’s best to ask about the details before signing up.

T-Mobile seems best for businesses with team members who are constantly on the go and can therefore better appreciate perks related to international travel and flights.

• Reliable 5G network
• Service plans offer unlimited talk, text and data in Canada and Mexico
• Optional perks such as in-flight Wi-Fi and Microsoft 365
• Plans are expensive for six or fewer lines
• Bonus features only available in advanced plans

When putting this ranking together, we considered several vital components. Forbes Advisor researched the industry and analyzed multiple companies and plans. Then, we scored these providers across four categories of features using 13 different metrics that were weighted to favor features that small business owners find valuable in a cell phone service provider. The following are some of the metrics that we used to rank the providers that made our list.

Our main concern when it came to pricing was if the service is affordable, especially for small businesses, especially for the entry-level plan. Then, we looked at the costs and variety of plans available from each provider and what kind of value that each upgrade brought to users. Pricing accounted for 30% of our weighted scoring.

Key Features

We broke features into two distinct categories: general features and additional features. For general features, we looked at the offerings from each cell phone service provider that we considered to be common ones that every customer needs. Some of these general features include unlimited domestic calling and texting, international calling, conference calling and if any necessary hardware came free with the service. We weighted features at 45% of our total score.

Additional Features

For additional features, this included aspects of cell phone service that some users would consider to be nice to have, such as an automated attendant, mobile hot spot access and mobile security. For both kinds of features, we gave more weight to those that came with the service automatically as opposed to those that were add-ons that users had to pay additionally for. We weighted features at 15% of our total score.

Expert Analysis

Finally, based on our market research and the categories listed above, our experts also ranked additional criteria from customer reviews using metrics that included ease of use, popularity, value for the money and any stand-out features, such as offering international texting plans, mobile VPNs, free in-flight Wi-Fi, video calling and access to free local phone numbers. Altogether, these criteria make up 10% of the total score.

When selecting the best business cell phone plan for your company, there are a few factors to keep in mind. At the moment, for example, there are only three mainstream nationwide carriers. These larger carriers have pricing plans that might be too expensive for smaller businesses. Google Voice and RingCentral could work as much more affordable alternatives. We listed a few specific considerations in the sections below.

Smartphone Lines and Pricing

It’s a good idea to consider the number of lines your business needs, not to mention monthly or annual costs. Service providers will often offer a lower per-line price, but you’ll have to buy several lines to get the discount. It might be more affordable in the end to buy one or two lines rather than buy extra lines your company doesn’t need or can’t afford.

Free Phones and Purchase Credits

While the top carriers often allow you to BYOD, it might be possible to get at least one new phone for your business. If not a free phone, it’s common to provide you with substantial credit worth up to $1,000 towards the purchase of a brand-new smartphone.

A common caveat is this generosity gets tied to a long-term contract commitment. Do the month-to-month, and even year-to-year, math and decide what you’re willing to agree to in exchange for free or heavily discounted hardware. If all else fails, check to see if you can bring your existing devices with you to the new service provider. Some providers will let you do this at little to no extra charge.

International Perks or Availability

Many business cell phone plans focus on domestic features. Yet, if your brand is global, you’ll likely want to work with a company that offers talk, text and data options beyond American borders. Will data caps or a lack of in-flight Wi-Fi inhibit your ability to share information or communicate adequately? If you need worldwide service and support, it might be better to go with a much larger and more reliable carrier.

How ‘Unlimited’ Is Unlimited?

When a phone service says that an offer is unlimited, it is rare that an asterisk does not accompany the promise. Not all unlimited pricing plans are the same. Often, when things get congested, you may find that your service quality drops significantly. So, you learn that while your service option may be technically unlimited, there’s no such promise about the quality.

Some providers offer tiers that guarantee high-quality service no matter what. It’s best to read between the lines of the fine print to see what type of unlimited service you are getting offered.

Who has the best business cell phone plan for small businesses?

We selected RingCentral as our top choice due to its affordable payment plan structure when compared to other telephone companies.

What cell phone companies are offering free phones?

AT&T, Sprint and T-Mobile are among the most popular brands known to offer a free phone when switching to their service. Brands often have such deals periodically, so it is good to stay updated about potential offers.

What is the average cost of small business cell phone plans?

Your final cost will depend entirely on the service package and the number of lines you have on your plan. With that in mind, smaller businesses can expect to pay anywhere from $29 and $69 per smartphone line, per month. That does not include any additional hardware costs. Be sure to research and compare brands to find the price that works best for your business.

Who has the best unlimited talk, text and data plans?

We recommend RingCentral, Verizon and AT&T Wireless. Verizon and AT&T offer more comprehensive unlimited plans. Meanwhile, RingCentral’s options are generally more affordable.

• The Best Conference Calling Services Of 2024
• Wi-Fi Calling Explained: Pros, Cons And FAQs
• What Is A Virtual Number?
• Google Voice Number: What It Is And How To Get One Fast

For nearly a decade, Toni Matthews-El has published business topics ranging from cloud communication software to best steps for establishing your own LLC. In addition to Forbes Advisor, she's published articles for Medical News Today, US News and World Report.

Cassie is a deputy editor collaborating with teams around the world while living in the beautiful hills of Kentucky. Focusing on bringing growth to small businesses, she is passionate about economic development and has held positions on the boards of directors of two non-profit organizations seeking to revitalize her former railroad town. Prior to joining the team at Forbes Advisor, Cassie was a content operations manager and copywriting manager.

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Cell Phone Business Plan Sample

Published Aug.09, 2018

Updated Apr.22, 2024

By: Noor Muhammad

Average rating 3.4 / 5. Vote count: 8

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Table of Content

Do you want to start cell phone business?

Do you want to open a cell phone store ? Well, it will prove a convenient and extremely profitable choice for you, as cell phones have become a necessity of the modern society. Mobile phones are portable, wireless as well as long-range electronic devices for communication and can also be used as a tool for entertainment. Cell phones are desired in every part of the United States as people love to use the apps provided by it. They have become the most efficient means of communication throughout the world and are now accessible to every high and low.

An estimate shows that 95% population of the United States have their own cell phones. For starting a cell phone business, you will have to purchase a large number of cell phones of every range according to market demand, and the next step will be to display them in your showroom. People of the United States belong to various classes thus the cell phones of all companies such as Apple, Google, Samsung, Motorola, Xiaomi, HTC, Huawei, and LG are in great demand in the whole country.

If you are entering this venture, the first step you will have to take is to devise a comprehensive mobile phone business plan , which will help you in starting your mobile phone business plan and taking a lead upon your competitors. In case, you don’t know how to start a cell phone business , you can take help from this sample business plan for a cell phone business startup named ‘Mobile Station’.

Executive Summary

2.1 the business.

Mobile Station will be a licensed and registered mobile store in Denver owned by ‘Mark Franco’. The store will be located near the Denver Central Market. Franco has been working as a supplier of tech products for more than ten years, but now he is starting a cell phone business . Franco will purchase the original brand new cell phones from the main companies, tablets, and other accessories, and will keep them at his store.

The business will not be limited to just selling cell phones, it will also contain the facility of mobile hardware and software repair by expert technicians.

2.2 Management

Before starting work on how to start a cell phone store , you must hire the right person for the right job and organize your staff and store. Franco will manage the business himself, however, he will hire trusted and skilled mobile hardware and software repairers as well as salesmen to help him entertaining the customers’ needs.

2.3 Customers

The biggest benefit of starting a cell phone business is its wide spectrum of customers. Personal cell phones have become a necessity of every teen, young, adult and old. Moreover, cell phones are available in every range affordable by the rich as well as mediocre people, so our customers will be almost all the people of age above 12 approximately.

2.4 Target of the Company

Our company’s targets are as follows:

Company Summary

3.1 company owner.

The business will be owned by Mark Franco, an experienced businessman from Denver. Franco has been in the tech-related business for almost fifteen years. He worked as a supplier of televisions and LEDs from the main company stores to the retail stores throughout Denver. But now he has decided to run a business which is less straining than the prior one. Franco is an ambitious person and aims at providing the best services to the people of his town.

3.2 Why the Business is being started

Denver is the 19 th most populous and 18 th largest metro economy in the United States, Franco has chosen this city as his market because he knows this business will flourish the most in such marketplace where people have both the need and money to buy his services.

Franco was working as a supplier of tech-related products, but now considering the demand of cell phones in the market, Franco has decided to start a cell phone business , for providing trusted services to his fellow citizens and to generate a stupendous profit.

3.3 How the Business will be started

Franco is well prepared for all the requisites before opening a cell phone store . He has hired well-behaved and experienced salesmen and expert technicians for any required hardware or software recovery and is half-way in completing his mobile phone business plan on how to start a mobile phone company . He has prepared the list of all the products he’ll keep in his store and will buy the items two days before the launch. The detailed information about the start-up is given below:

Services for customers

You have to come up with better services if you want your startup to be successful in so hefty competition. If you are confused about how to start my own cell phone company , or if you are having any difficulty with the services you should provide your customers, you can take help from this sample mobile phone business plan on how to start a cell phone store business .

Mobile Station will provide the following services to its customers:

• Cell phones: We’ll provide latest smartphones of the following famous companies, Apple, Nexus, Google, Samsung, Motorola, Meizu, Xiaomi, Sony, HTC, Huawei, and LG and wireless cell phones of Nokia to our customers.
• Accessories: We’ll provide best quality accessories in reasonable prices, related to cell phones such as chargers, data cables, mobile cases, anti-lost devices, headphones, sim cards, phone charms, data storage cards, external batteries, selfie-sticks etc.
• Hardware/Software Repairs: If your cell phone has broken, damaged or is not turning on, you don’t need t worry if you are near our Mobile Station. We will provide an excellent and quick repairing service for our customers, by ensuring them the safety of their private data.
• Tablets: We’ll provide tablets of various companies in a wide money range so that every person can buy his/her desired and cost-effective

Marketing Analysis of cell phone business

If you want to start cell phone business , you won’t be at a loss because the cell phones and smartphones are in great demand these days. Like every startup the first step is to make a comprehensive cellphone and smartphone business plan . In your cell phone store retail business plan marketing analysis is the part of paramount importance. Before starting a cell phone company you should analyze the market in which you will be going to offer your services. A thorough cell phone market analysis will be required to discover whether your target market has the potential of a new startup or not. Considering the importance of accurate marketing analysis, Franco hired the professionals to formulate a cell phone business plan template which will include all his ideas of running the cell phone business.

If you are doing a research on   how to start your own cell phone business , you can have help from various cell phone business plans available online free of cost. Below we are giving the cell phone shop business pla n of Mobile Station for your assistance.

5.1 Market Trends

In the near past, cell phones were considered the luxury products affordable by only a few people. But these days, a tremendous growth in cell phone business is observed as the cell phones have become an integral part of everyone’s life. Latest figures from Statista shows that the number of cell phone users will reach 4.9 billion within 2018.

An estimate shows that 21% of Americans spend more on their cell phones than groceries and 95% Americans own a cell phone of some kind, but still there is a demand for new ones. It will not be enough to say that only the businesses of buying and selling cell phones are gaining grounds because IBISWorld has reported a 5.5% growth in the businesses related to cell phone hardware and software repairs.

As demonstrated by all these statistics, you won’t be at a loss if you are entering this profitable venture!

5.2 Marketing Segmentation

The success of a startup confides in the fact that how well do you know your prospective customers. Knowing the type of potential customers helps a businessman in determining his business strategy . Marketing segmentation will help you in meeting the needs and requirements of your customers.

The detailed marketing segmentation of Mobile Station is as follows:

5.2.1 Teens & Adults: This group will be our biggest target customer. The teens in their attempt to show off their modernism and financial status, purchase the cell phones that are most attractive and most expensive too. The young generation usually prefers Apple phones and other cell phones of the famous brand name. They will also be the biggest consumers of the accessories we’ll provide such as handsfree, modish mobile cases, data storage devices, data cables etc.

Adults are not addicted to a brand name like teens, but they usually buy expensive phones as they are mostly professionals and in a position to invest in their desired product.

5.2.2 Senior Citizens: Our next target group will comprise of the senior citizens of Denver who usually prefer durable cell phones and tablets which they can use conveniently without the fear of much damage. We have a wide range of tablets in our store for senior citizens as they find the big screen of tablets easy to use.

5.2.3 Children : The children of age about ten to twelve usually force their parents to buy them a phone. For such customers, we also have inexpensive smaller cell phones with meager functions.

As we are located in the central market so our services will also be used by the people or tourists who have come near our store by chance. The people who happen to be near our shop will contribute to helping us generating a potential amount of profit by buying our accessories and by consuming our repairing services.

The detailed market analysis of our potential customers is given in the following table:

5.3 Business Target

Our topmost priority will be our clients’ satisfaction. Mobile Station will be a large store in Denver, our aims are to maximize our sales as well as gaining more and more customers. Our financial business targets are as follows:

• To achieve the net profit margin of $10k per month by the end of the first year, $15k per month by the end of the second year, and $25k per month by the end of the third year
• To balance the initial cost of the startup with earned profits by the end of the first year

5.4 Product Pricing

The prices of cell phones are fixed, however, considering the market demands and the competitive aspects, we have priced our repairing services and products other than cell phones in almost similar ranges as of our competitors.

If you are opening a cell phone business the main thing you need to focus on is your sales strategy. After having the know-how of how to start a cell phone business , you must devise your plans and find some attractive ideas for gaining more and more customers and for increasing sales.

6.1 Competitive Analysis

Our major competitive advantage is our location; we are located in the vicinity of popular stores which will pave the way in attracting the customers for us but are not our direct competitors. We have the best, experienced and trusted technicians to help you resolve your hardware and software problems related to cell phones. Our biggest competitive edge is our excellent customer service; our courteous salesmen will guide the customers until they are satisfied in buying their desired product.

6.2 Sales Strategy

As the market is full of such businesses so you will have to found extraordinary ways to advertise your mobile phone business plan .

The sales strategy Mobile Station will adopt will be:

• We will offer a discount on our repairing services for the first three months
• We will advertise ourselves in magazines, newspapers, TV stations, and social media
• We will advertise our best-selling cell phones on our website
• We will give a $50 accessory for free to our customer who bought the product of price $600 and above.
• We will hold competitions on monthly basis and award the winner with some famous cell phone

6.3 Sales Monthly

6.4 Sales Yearly

6.5 Sales Forecast

Our forecasted sales are summarized in the following column charts:

The detailed information about the sales forecast is given in the following table:

Personnel plan

If you are going to start a cell phone company , the prosperity of your business will solely depend upon your customers’ satisfaction which can only be achieved if you hire the right staff.  You will need the persons who are experienced in understanding the customers’ intellect and help them by finding the cell phone which is suitable and affordable for them. You will need the technicians who will be a trustee and will ensure customers’ satisfaction while resolving their issue.

If you have any difficulty in making your personnel plan or even if you don’t know how to start mobile phone business you can take help from this sample plan.

7.1 Company Staff

Franco will act as the manager himself, yet for his assistance, he will hire the following people.

• 6 Salesmen to assist the customers in buying their required item
• 2 Administrators/Accountants for maintaining financial records
• 4 Technicians for repairing/addressing problems in cell phones
• 3 General Workers for undertaking various tasks at the store
• 1 Assistant for operating company’s website and social media pages

7.2 Average Salary of Employees

Financial Plan

If you are going to start your own cell phone business , you are responsible for accurately devising all the policies of your business, the most important in which is the financial plan. Before starting cell phone business , you must have a clear idea that how will you balance the investments with the profit and which ways you will need to adopt in order to get more than what you spent on the business.

It is advised to seek help from the professionals to make you a financial plan especially if you are starting your business on a large scale. If your business is a smaller one, then you can take help from the sample mobile phone business plan such as this business plan on how to start your own cell phone company .

8.1 Important Assumptions

The company’s financial projections are forecasted on the basis of the following assumptions. These assumptions are quite conservative and are also expected to show deviation but to a limited level such that the company’s major financial strategy will not be affected.

 8.2 Brake-even Analysis

 8.3 Projected Profit and Loss

8.3.1 Profit Monthly

8.3.2 Profit Yearly

8.3.3 Gross Margin Monthly

8.3.4 Gross Margin Yearly

8.4 Projected Cash Flow

8.5 Projected Balance Sheet

 8.6 Business Ratios

Download Cell Phone Business Plan Sample in pdf

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'ZDNET Recommends': What exactly does it mean?

ZDNET's recommendations are based on many hours of testing, research, and comparison shopping. We gather data from the best available sources, including vendor and retailer listings as well as other relevant and independent reviews sites. And we pore over customer reviews to find out what matters to real people who already own and use the products and services we’re assessing.

When you click through from our site to a retailer and buy a product or service, we may earn affiliate commissions. This helps support our work, but does not affect what we cover or how, and it does not affect the price you pay. Neither ZDNET nor the author are compensated for these independent reviews. Indeed, we follow strict guidelines that ensure our editorial content is never influenced by advertisers.

ZDNET's editorial team writes on behalf of you, our reader. Our goal is to deliver the most accurate information and the most knowledgeable advice possible in order to help you make smarter buying decisions on tech gear and a wide array of products and services. Our editors thoroughly review and fact-check every article to ensure that our content meets the highest standards. If we have made an error or published misleading information, we will correct or clarify the article. If you see inaccuracies in our content, please report the mistake via this form .

The best business phone plans: Reliable 5G for work

When I started writing for ZDNet 15 years ago , mobile phones were being used by 74% of the US population, but only 14% of those people were using these basic phones to access the internet. The latest data shows that 97% of Americans own a mobile phone, with 85% of those being smartphones that access the internet multiple times a day.

Smartphones and wireless cellular services are now essential for businesses to compete in today's market and broad coverage is an expectation. After T-Mobile's recent acquisition of Sprint, the US market is dominated by Verizon, T-Mobile, and AT&T. Each of these carriers offers various plan options for businesses of all sizes.

5G continues to roll out across the US, but reliable LTE service is still essential to getting work done. The pricing for business service is competitive, and as someone who has been in the industry for decades, it is amazing to see the reasonable pricing for such fast service that reaches across the nation.

Verizon phone plans for businesses

Verizon Wireless has the most subscribers in the US and is popular with businesses. Three Business Unlimited plans make it easy to find the perfect option for your business. All three  Business Unlimited plans  from Verizon include unlimited talk, text, and data. Support for 5G, mobile hotspot, and tablet use differentiate the three plans. Pricing is also for five or more lines, targeted for business and not for family usage.

Business Unlimited Start

$30 per line per month.

While there are no limits on minutes, texts, or data, in times of congestion data may be slower with this Start plan. Nationwide 5G, low-band spectrum 5G, is supported with the Start plan and a compatible smartphone.

Tablet, smartwatch, and hotspot options are available for additional costs on the Business Unlimited Start plan. The price also includes $5 per month savings for paper-free billing and auto pay.

Pros  

• Nationwide 5G coverage
• Able to add additional devices (watches, tablets) to the account
• No support for mmWave, high-band, 5G
• Data speeds slowed down during times of congestion

Business Unlimited Plus

$40 per line per month.

For $10 more per line per month, Verizon adds 100GB of premium network access, 5G UWB (mmWave) support, and unlimited mobile hotspot service. In addition, Verizon's Business Mobile Secure is included at no additional cost. This enhanced security bundle includes lookout mobile endpoint secure, mobile device management, Wi-Fi protection, and tech support.

• Nationwide 5G coverage, including mmWave spectrum
• Enhanced security bundle included
• Unlimited mobile hotspot service
• 100GB limit during high usage time periods

Business Unlimited Pro

$50 per line per month.

The highest level Verizon Business Unlimited plan provides twice the amount of premium network access, 120GB, along with 50% off on Business Unlimited Pro tablet plans.

This plan may be perfect for businesses using connected tablets out in the field and smartphones that are using data throughout the day away from Wi-Fi service.

• Nationwide 5G coverage with mmWave support
• 50% cost savings on tablet plans
• $50 price per line higher than other tiers

T-Mobile phone plans for businesses

After the purchase of Sprint, T-Mobile is now the second largest (in terms of subscriber count) carrier in the US. While T-Mobile has long been known for its consumer-friendly cellular plans, it also has one of the most extensive  libraries of business offerings  for small companies, large companies, and government agencies. Its new  Business Unlimited plans  are presented below, but other options require  direct discussions  between businesses and T-Mobile.

Business Unlimited Select

$25 to $60 per line per month.

Business Unlimited Select plans are designed for small business customers who need 1 to 12 lines of service. A one line plan is the most expensive, at $60 per month. Two lines are priced at $45 per line per month, four lines are $30 per line per month, and six or more lines are just $25 per line per month.

These plans include 5G network support, 5GB of high-speed mobile hotspot data, as well as unlimited calling/texting/data in Mexico and Canada.

• Very affordable small business plan
• Unlimited service in Mexico and Canada
• Unlimited streaming is limited to SD content
• Included data in Canada and Mexico is 128kbps speed

Business Unlimited Advanced

$30 to $70 per line per month.

If the employees of your small business travel by airplane and need Microsoft apps, then you should consider the T-Mobile Business Unlimited Advanced plan. This service plan includes 40GB of high-speed hotspot data, Microsoft 365, one hour of Gogo in-flight Wi-Fi, and 5GB of high-speed data in Canada and Mexico.

• Affordable per line price point
• Microsoft 365 productivity service included
• One hour of in-flight Wi-Fi service
• 40GB of high-speed hotspot
• 100GB of premium data

Business Unlimited Ultimate

$40 to $85 per line per month.

For small businesses that want it all at reasonable per line prices, the new Business Unlimited Ultimate plan is for you. In addition to the unlimited talk, text, and data (with 5G included) small businesses also get unlimited premium data, 100GB of mobile hotspot, and Microsoft 365.

Streaming content is provided with unlimited 4K UHD quality, WiFi on your flight is unlimited, and data in 210 countries is twice as fast (256kbps) as the other T-Mobile small business plans.

• Unlimited premium data
• Unlimited WiFi on your flight
• Microsoft 365 services included
• 5GB of high speed data in Canada and Mexico

AT&T phone plans for businesses

After T-Mobile added Sprint subscribers to its total subscriber base, AT&T dropped to third in total subscriber count. However, AT&T is also well established as an enterprise service provider with  four enterprise options  available to customers. AT&T also serves as the backbone for the  FirstNet network  optimized for first responders.

Unlimited Your Way for Business

Starting at $30 per month.

The Unlimited Your Way for Business plans allow up to 10 devices per plan group and are designed for small to medium-sized businesses. The more lines you add, up to 10 lines, the less expensive the starting price is for AT&T Business Unlimited Starter, Business Unlimited Performance, and Business Unlimited Elite. For 10 lines, the starting price is $30, $35, and $40 per line per month, respectively. For just a single line, these prices are $65, $75, and $85 per line per month, respectively.

Hotspot data allotments, priority data transmission, and higher definition streaming are features that improve as you move from the Starter tier to the Elite tier of service. Select the number of lines on the Unlimited Your Way website to view pricing for your company.

• Price per line decreases with additional lines
• Multiple tiers of service are offered
• Limited to 10 lines of service
• Priority data transmission restrictions
• Hotspot data limits

AT&T Mobility Select - Pooled

Starting at $35 per month.

Unlimited calls and text messages in the US, unlimited calls to Mexico and Canada, and unlimited texting from the US to more than 120 countries are included in the  AT&T Mobility Select - Pooled  plan service. Data is served up to each employee from a single shared pool for each business account.

Plans start at $35 per month, but potential customers need to contact AT&T to discuss specific details and plan pricing.

• Affordable plan pricing
• Unlimited calls to Mexico and Canada
• Shared pool requires management to allocate

AT&T Mobile Share Plus for Business

Starting at $50 per month.

The AT&T Mobile Share Plus for Business plan supports from one to 25 smartphone lines with various monthly data caps, ranging from 3GB to 120GB per phone. Pricing per phone starts at $50 per month for 3GB and goes up to $615 for one phone with 120GB of data.

Shareable data, rollover data, unlimited talk and text, mobile hotspot service, and international talk, text, and data are provided with these plans.

• Support for up to 25 lines of service
• Rollover data support
• Mobile hotspot service included
• Data caps allocated by service option

AT&T Business 4GB

Unlimited talk, text, and 4GB of data per line are provided with the AT&T Business 4GB  plan. Hotspot data and standard mobile security services are also provided with the plan. Pricing for smartphones starts at $50 per month, but further pricing requires consultation with an AT&T representative.

AT&T Business 4GB is available for tablets for $20 per month and for wearables for $10 per month. AT&T advertises this plan as best for small businesses.

• Unlimited talk and text
• Controlled pricing per each phone
• Service options for tablets and wearables
• 4GB data limit per each line

MVNO options for businesses

While the three major carriers offer focused business plans, there are also a few MVNOs that offer attractive per line plans that may work well for small businesses. MVNOs (mobile virtual network operators) are companies that use establish wireless carrier infrastructure to provide no or minimal contract options for customers. The MVNOs do not openly advertise which wireless carrier infrastructure they are using, but as soon as you insert a SIM into your phone, you can see which carrier is connected to which MVNO. MVNOs are optimized for consumers looking for phone service with no contracts and prepaid options, but these same elements may help small businesses control costs and adjust to market demands.

US Mobile for business

$9 per line and $2 per gb per month.

Most MVNOs offer attractive per line prices with each account limited to five or six lines. US Mobile is one MVNO that actually provides shared data plans for companies of any size. Enter the number of lines you need and the amount of shared data to view your total monthly payment. 

A couple of examples include 50 lines with 100GB of data for $674 per month or 30 lines with 50GB of data for $385 per month. We had the opportunity to test out the two available US Mobile SIM cards and found the service to be fast and reliable.

• Specific service offering for businesses
• Scalable to your business size and line needs
• Competitive $9 per line base fee
• Verizon and T-Mobile serve as network providers
• Data price per GB may be higher than unlimited plans

Mint Mobile

$30 per month per line.

Mint Mobile is one of the most popular MVNOs thanks in large part to advertising by one of its owners, Ryan Reynolds. While there are no specific business plans, three/six/twelve month plans for individual phones are available starting as low as $30 per month for unlimited talk, text, and data.

T-Mobile provides the network for Mint Mobile's service so you will need GSM handsets for the service.

• Unlimited talk, text, and data plan options
• Flexibility for less expensive data limit plans
• No specific business service plans
• Limited to T-Mobile coverage area
• Three available contract period options

Cricket Wireless

Starting at $25 per line per month.

Cricket Wireless is an established MVNO, service provided by AT&T, that has retail stores around the country so you can get support and establish service in person if you desire. One to five lines can be setup for each account with measured data or unlimited data. Mobile hotspot data can also be added to each line.

4G LTE and 5G data is provided, along with international support, cloud storage, and more.

• Established, trusted MVNO
• Physical retail stores around the country
• Unlimited and measured data plan options
• No long term contract required
• Service coverage area limited to AT&T network
• Five line limit per account

What steps should a new business take to establish wireless service?

While this buying guide provides current pricing and service options from the three primary US wireless carriers and MVNOs, specific pricing for your business requires a conversation with the carrier to fully define your company needs, available service discounts, and contract lengths.

One of the first things to figure out is where you will need service geographically in the US as all three carriers have slightly different coverage maps. Your geographic operating area may remove one, or more, carriers from your viable candidate list. 

The next step is to determine how many lines of service you will need and then the data needs of those lines. Calling and text messages are unlimited in all cases, but data speed and amount of data will drive your costs.

Most carriers also offer additional incentives and services, such as hotspot, in-flight coverage, Microsoft 365, and more. Make sure to account for the value of these incentives in your decision-making process.

What are the disadvantages of a MVNO?

Most MVNOs are focused on the consumer market so business plan offerings for more than six lines of service are rare. Pricing can be very competitive and with no contracts these MVNOs may be attractive to businesses just getting started that do not want to lock in long-term contracts.

Account management may require more time from businesses given the consumer focus of MVNOs. MVNOs are also subject to the infrastructure provided by the big three US carriers, but there are several established MVNOs with solid reputation and a record of high-quality service and support.

What is the best business phone plan?

We analyzed reliability, coverage, and price to compile a list of the best phone plans for your business which includes: Verizon, AT&T, and T-Mobile.

Does the choice of my smartphone model limit wireless service?

In the past, the US wireless market was split into GSM and CDMA service technologies with two carriers supporting each of these technologies. Modern smartphones support LTE and 5G service without CDMA technology your choice of smartphone is not as limited.

The most popular smartphones in the US, Apple iPhones and Samsung Galaxy phones, support all wireless technologies in the US wireless market so there are no limits on using these phones with any US carrier. If you purchase these phones directly from Samsung and Apple, then you can choose to purchase unlocked models.

Some phones are sold in a locked state so they can only be used on one specific carrier. This may be changing soon and there are processes to unlock your phone from your carrier if you decide to switch carriers. There used to be incentives for purchasing locked phones, but in today's world purchasing unlocked phones gives you the most flexibility for choosing your service provider.

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The best small business cell phone plans

Just as one shoe size can’t fit all, there’s no single cell phone plan that will suit every small company. But there are numerous high-quality plans that are worth considering as they strive to meet the needs of different types of businesses. To settle on the best cell phone plan for your business, you first want to figure out what kind of plan best fits your company.

How to choose a plan

Big four basics.

Business owners generally buy and pay for employee cell phones or plans or both when workers spend at least some part of their time off-site. With employees, you may want to track hours and data. In that case, to streamline operation and collaboration, a specialized business cell phone plan might be optimal. Today, more American businesses are accommodating work-at-home schedules that avoid meetings and travel, but note that quarantines and shelter-in-place orders will not last forever, so it’s a good idea to take the entire spectrum of your business activities into account.

There are numerous factors to reflect on when choosing a cell phone plan for your small company. Here are some major issues you’ll want to consider.

Business design: Is your proposed plan built for businesses and scaled for business customers? If you’re a solopreneur or an extremely small company with just a handful of employees, you may be able to get away with a personal friends-and-family-type plan, as opposed to a bona fide business plan. But once you have more than a couple of employees, start to think bigger about scalabilities such as multiple lines, unlimited options on talk, text, and data, data-only plans for companies that don’t need talk or text, and discounts for more lines or devices.

Network coverage: Consider sound quality, data speeds, coverage, and overall dependability. Make sure the plan you choose has good coverage in the area where your employees are located or are traveling. If your employees travel internationally, choose from plans that have good rates for the target countries. Also, don’t forget about airline coverage and in-flight texting services.

Security:  Some cell phone business plans offer virtual private networks, encryption, and other features to protect your company’s data. That could be quite valuable, as it relieves you of having to research, choose, and pay for additional services.

Hardware: If you need to supply employees with handsets, consider the kinds of phones offered with the plans you’re considering, or whether employees prefer to use their own smartphones.

Hot spot: Some business environments just don’t have usable Wi-Fi, but you can use a cell phone signal to connect a wireless device to the internet with a mobile hotspot. For multiple device connections, look for a dedicated hotspot with a fast, stable, secure connection, as well as other services like call forwarding, voicemail, call hold, analytics, and call queuing.

Data: Business plans should be generous with data, but unlimited is best — unless you really do not need data to conduct business.

Customer service: Count on problems arising, and when they do, you or your employees will want someone reliable to call before customers and clients get restless.

Price: Price is always a factor, and sometimes the cheapest plans offer just the service and features you’re looking for. But for something as critical as your business communications, do not buy on price alone.

Just in case you’re also looking for the best all-around mobile cellular deals, have a look at our survey of the  best cell phone plans of 2020 and our report on the best prepaid cell phone plans . Meantime, below are some of the business-oriented plans available now.

AT&T offers several variations of its Mobility Rate Plans — Mobile Share Plus, Mobile Select Priority Pooled, and Business Unlimited Elite, plus several in between — tailored to your budget for $50, $55, and $85 per line per month. Designed for small- to medium-sized businesses, the Elite plan offers unlimited data, talk, and text for up to 10 devices. The Pooled plan gives employees a data allowance alongside pooled data within a single account. The Plus plan lets you share data across up to 10 or up to 25 business devices. All plans feature unlimited domestic talk and text and unlimited talk from the U.S. to Mexico and Canada, plus unlimited texts from the U.S. to over 120 countries, along with high definition video streaming. The Elite and Pooled plans also feature 5G . Data speeds may slow down with congestion past certain data points.

Verizon markets the Plan for Business, Business Unlimited, the New Verizon Plan, and the Flexible Business Plan specifically for small companies. The Plan for Business starts at $175 per month for up to 25 lines, with data plans ranging from 25GB to 200GB for various prices and topping out at $1,000 per month. All plans include carryover data, safety mode, calling to and from Mexico and Canada, use of your device in Mexico and Canada, and data boost costing $15 per 1GB. With all business plans, you can turn your device into an internet hotspot and send unlimited messages to more than 200 countries worldwide. Additional smartphones cost $15 per month.

Simple Choice for Business by T-Mobile costs $50 per line per month up to $110 per month for up to five lines. You can add $10 per line per month for 6 to 12 lines and up to 2GB of 4G LTE Data. You can call and text from any Wi-Fi connection, as your unused LTE data (up to 20GB) rolls forward for 12 months. The plan features unlimited calling and texting to and from Mexico and Canada, plus you get up to 5GB of data at 4G LTE speeds. If you’re looking for a more streamlined option, T-Mobile Essentials only costs $30 per month per line for four lines. It offers unlimited 3G mobile hotspot data, unlimited talk, text, 2G data in Mexico and Canada, and unlimited texting and flat-rate calling at 20 cents per minute in over 210 countries. An additional 10GB of high-speed 4G LTE mobile hotspot data will cost you $10 a month. For a more robust plan, the Magenta for Business plan is available for two, four, eight, and 12 lines for $60, $40, and $30 per month per line, respectively. It features 5G service, 3GB of 4G LTE hotspot data, plus unlimited 3G data, in-flight texting and data, unlimited data and texting in over 210 countries, and unlimited talk, text, and data in Canada and Mexico. The included Digits program eliminates the need for separate work and personal phones, allowing you to access up to five numbers on one device and use one number across several devices.

RingCentral

RingCentral is a VoIP system that functions extremely well in an office setting. It supports unlimited calling and conferencing toll-free numbers and a customizable caller ID. Functionality is its primary priority; It supports useful features, like texting, online meetings, and faxing. When you use RingCentral, incoming calls go through the same call-routing system as your office phones. It helps make your office number into a portable communication system. You can call, text, and fax from your business number on any mobile device. The service could be used by two users to 1000 and offers four levels: Essentials, Standard, Premium, and Ultimate for $20, $25, $35, and $50, each with a free trial.

Cricket Wireless

Cricket Wireless is a highly-rated and widely-used prepaid wireless service that prides itself on its affordability. It typically costs users from $30 to $60 per month. With Cricket Wireless, users can build their own custom phone plans. If you prefer a more basic plan with talk and text and no data, that’s manageable. You can build off that basic plan by adding data (2GB, 5GB, or unlimited), unlimited talk and text, picture messages, a mobile hotspot, and SD quality video streaming. If you often travel or need international coverage, that’s also manageable. You can add coverage for Canada and Mexico and unlimited text to 37 countries, HD Voice, and Wi-Fi calling from a compatible phone. Data-only plans of 20GB and 40GB are available for $35 and $50 per month, respectively, with Mexico and Canada coverage in the mix.

Republic Wireless

Consider Republic Wireless for your business if you don’t exactly need a phone network, but you do use a significant amount of Wi-Fi. This plan functions more like a virtual network than other cellular providers. The vendor relies on T-Mobile and Sprint networks when Wi-Fi is unavailable. The base plan is incredibly affordable, starting at $15 a month or $150 a year for unlimited talk and text. At this level, Republic Wireless charges $5 per gigabyte of data, up to 15GB. Fortunately, Republic won’t let a person’s bill skyrocket if they start to use too much data; Instead, the company disables data before you stretch past your limit. Using their data plan, users can also opt to make their smartphone a hotspot. One feature we enjoy about Republic is their Extend Home service. This feature allows people to connect their cell phones with their home phone to access contacts, receive calls, or make calls from one direct number using either of their phones.

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Don’t want to spend $1,000 or more on a new smartphone? We don’t blame you. The good news is there are plenty of models available for half that price, but the trick is knowing which cheap smartphone is worth buying. After all, just because you’re not spending flagship phone money doesn’t mean you want to be stuck with a phone that's rubbish. There are plenty of options out there for the best cheap phones!

We’ve collected the models that still give you great performance, good cameras, the right connectivity, and often a desirable design and brand name too — all for less money than you may expect. Cheap phones in 2024 will surprise you with their strong performance, making them more than capable of playing the latest games; plus they have batteries that will last you at least a day.

Choosing the best phone in 2024 can be quite daunting, as there are so many excellent options available. Whether you are an iPhone fan, an Android user, or open to any smartphone, finding the perfect one may seem like an insurmountable challenge. But don't worry, we're here to help!

Below, we have compiled a list of our top picks for the best phones you can currently buy. We believe that there's something for everyone on this list, and we're confident that you'll find a phone that suits your preferences perfectly.

There are a lot of great smartwatches options out there, but if you're in the Apple ecosystem already, then it probably makes sense for you to go for one of the Apple Watches, which are some of the best smartwatches on the market. Of course, they do tend to be quite expensive, so if you're looking to save a bit of money, you could grab this deal on the Apple Watch 9 from Best Buy, which discounts the price down to $329 from $429. That's a solid $100 discount, plus you can get up to $235 in trade-in credit, although that's usually only reserved for the latest watches, and you're more likely to get around $100 for trade-in. Either way, you can bring the price down quite significantly.

Why you should buy the Apple Watch 9 There are a lot of great features in the Apple Watch 9, especially if you're a first-time Apple Watch user or if you have an older Apple Watch, like the Series 6 or 7. For example, fitness and health tracking is pretty substantial. It can track anything from blood oxygen levels to skin temperature, and it can even take an electrocardiogram, which is pretty impressive. As such, it's really great for an active lifestyle and is only really beaten out by the likes of the Apple Watch Ultra when it comes to things like hiking, diving, camping, and things of that nature.

The Top Small Business Cell Phone Plans

Find out more about the best small business cell phone plans with customer rating, pricing information and frequently asked questions.

Updated on December 21st, 2023

The SMB Guide is reader-supported. When you buy through links on our site, we may earn an affiliate commission. Learn more

4.5 out of 5 overall

• Widest U.S. coverage.
• 5G coverage
• Solid network coverage.
• No overages.
• Access to 20M WiFi hotspots.
• Unlimited talk and text.

Business cell phone plans are offered by phone carriers to help small businesses have affordable access to a reliable phone network. Businesses are often eligible for discounts when they add more numbers or opt for additional monthly features.

Best Small Business Phone Systems

Get information on the top business phone systems, including pricing, reviews, and FAQs.

Dec 21, 2023

Why We Chose Verizon, AT&T, and Xfinity Mobile:

Verizon is one of the largest network providers in the United States . With plans for as little as four employees, Verizon offers phone packages suitable for small and large teams. All of Verizon's phone bundles include great unlimited features, including unlimited calling, texting, and data while in Canada and Mexico.

Verizon is ideal for businesses that plan on supplying their employees with handsets . The network provider offers nearly 100 different iOS and Android phones and tablets for teams that are constantly on the go.

All of AT&T's plans offer great unlimited features , including unlimited data and calling in Canada and Mexico, as well as unlimited international texting, domestic calling, and free domestic roaming. AT&T's Business Unlimited Plan comes in three variations: Starter, Performance, and Elite. With all three plans, users also have access to 5G network.

Xfinity Mobile offers a large variety of plans for businesses to choose from , with prices ranging between $30.00 and $240.00 per line. Thanks to its multi-line pricing system, businesses pay less as more lines are added to their plan. Xfinity Mobile also offers 4G LTE and 5G network access, making it great for employees who are always on the move.

Things to Consider When Evaluating Small Business Cell Phone Plans:

• Carefully consider the contract as most plans require business owners to sign up for extended contract periods of one to two years.
• Check coverage and compare it to where your employees live and travel. Some cell companies offer better coverage in rural areas, others offer much less expensive international plans.
• Keeping up with the latest in phone technology could be important to your business, so see how often the contract entitles you to new phones.

Best Business Cell Phone Plans:

How to Choose a Business Cell Phone Plan:

1. look at your business's communication needs..

Every business's communication needs will vary. For example, construction companies will require a smartphone with excellent data access for teams that are on the move and working on different sites, while call center teams will only require wireless services and ordinary phones.

International Phone Plans

See our list of top international phone plans, which includes ranking and frequently asked questions.

Sep 19, 2023

Carrier Strengths:

2. Choose a plan designed for businesses.

Look for plans with multiple lines and unlimited talk, text, or data options. In addition, your plan should be tailored to fit your specific business. If you won't require talk options, look into business text and email plans.

3. Make good network coverage a priority.

Your plan should have excellent coverage in your area, especially if your business requires strong talk capabilities. Consider sound quality, speed, and network coverage. More importantly, your network coverage should be reliable in urban and remote areas.

Best Network Coverage:

T-Mobile provides the widest network coverage, making it the best fit for businesses that operate in urban areas. Since acquiring Sprint's network in 2020, T-Mobile's network coverage has grown exponentially, narrowly surpassing Verizon's coverage in the U.S.

4. Look for strong security features.

Instead of paying for a separate network security service, look into network providers that include VPNs and encryption with their cell phone plans. Your business's private information is a top priority and with so many open networks, you'll want to ensure your and customer's information is secure.

Best Security Features:

5. Purchase hardware.

You can either ask employees to use their own smartphones or you can supply them with hardware. This option should only be considered if your business has off-site teams. Look into the hardware and handsets on offer and compare the plans that offer data and hardware bundles.

Common Cell Phone Plan Offers:

• Reduced costs as the number of lines and devices increase.
• Multiple lines and devices free of charge.
• International coverage.
• Data-only plans.
• Unlimited options for talk, data, and/or text.

More Related Articles:

• Best call tracking software .
• Small business VoIP providers .
• Top business phone systems .

Who has the best small business cell phone plans?

• Xfinity Mobile .
• RingCentral .
• Cricket Wireless .
• Metro PCS .

What is the average cost of small business cell phone plans?

The cheapest business cell phone plans are usually in the $15.00 to $30.00 per month range, while a complete business cell phone package could cost $60.00 or more per line per month.

What carrier has the best small business smartphone plans?

In terms of cost, Republic Wireless has some of the best cheap business phone plans for smartphones. However, Verizon has the best data coverage and features, meaning you can use your smartphone to access emails and business documents almost anywhere.

Who are the best business phone providers?

What is the best business cell phone plan for companies with less than 10 employees.

It really depends on what features your employees need on their phones, but most businesses with 10 employees or less can find an affordable plan that suits them.

How do I know what the best cell phone plan for my small business is?

The best way to find the best small business mobile phone plans is to do a small business cell phone plan comparison. Compare current offers from several providers to find out who can give you the best deal.

MOBILE PHONE BUSINESS PLAN: Template & the Best Model

• by Kenechukwu Muoghalu
• August 13, 2023
• No comments
• 7 minute read

Table of Contents Hide

What is a mobile phone business plan , what is the importance of a mobile phone business plan , #1. executive summary, #2. company overview, #3. market analysis, #4. competitive analysis, #5. sales and marketing plan, #6. financial plan, #7. appendix, what is a mobile business plan, how much money do you need to start a phone business, should we develop your plan for you, final thoughts, how do i start a smartphone business, is selling mobile phones a good business, how much do phone stores make.

Do you wish to offer services through the provision of guaranteed mobile phones that ideal customers might like to purchase? Well, it will prove a convenient and extremely profitable choice for you since mobile phones have become a necessity in this modern world and almost everyone in the UK needs one. But what are the backup plans that would ensure that you can take a lead over your competitors? How do you plan on managing your activities to ensure that you are always on the right track? The main secret ingredient your mobile phone business might be lacking is a business plan. But not to worry. In this guide, we have outlined a simple template that can help you formulate a mobile phone business plan for your business.

We have also constructed a professional mobile phone business plan right here, just in case you don’t want to go through the stress of creating one yourself. 

A mobile phone business plan is a living document that comprises several sections, including a company description, an executive summary, products and services, market analysis, marketing strategies, and a financial plan, among others. With these sections written down on paper, it will be easier for any business owner to easily assimilate the information and then keep track of their business. 

Your mobile phone business plan can also serve as a road map that will gradually drive your business through every setback and obstacle to success is assured. With a business plan, you will be able to set your business on the right foot while looking out for setbacks along the way. Meanwhile, after creating a mobile phone business plan with the template below, remember to always refer back to it and make a few changes when necessary. 

It is a fact that most startups and existing businesses are still indecisive about owning a business plan. Although a business plan might not guarantee the success of a business, most big corporations have testified to its great help in ensuring that a certain amount of growth is assured. Having a business plan will help demonstrate your vision and ability to successfully run a mobile phone business. 

A business plan also covers you when seeking financial support from banks and investors. How? It will show your lenders your business ideas and how credible you are in making profits within a certain period. Once they validate your business through your plan, they will want to be a part of its growth. For this reason, we have provided a simple template that can guide your steps into producing a professional mobile phone business plan that your audience will relate to.

How to Write a Mobile Phone Business Plan

Writing your mobile phone business plan might be an overwhelming stage you don’t wish to cross, but with this self-explanatory template, you will find the process much easier. We have carefully stated and explained each section in the simplest language, so you won’t have any complications constructing each element. Let’s look at them.

Your executive summary should be an introduction to the business. It is more like a summary of the general section of a business plan. It is the first to appear and the last to be written down because you will need information from other sections. While writing this section of your business plan, you should keep your language clear to attract and engage your readers. In summary, you will need to give a brief overview of the mobile phone industry. You can also mention your competitors and provide a marketing plan as well as your financial plan. 

This section is mainly about your business venture. You will get to give some basic knowledge of your business. While writing this section of your business plan using this template, you will need to specify the type of mobile phone services or products you would love to sell to your audience. You can also write a brief history of your mobile phone business, who you are and why you started. This is just to give your readers a simple touch-up on the company itself before going to other sectors. 

Still in the industry, but this time we are going deep into it. To efficiently write your market analysis , you will need to have thorough research on the mobile phone industry. The essence of this is to convince your reader that you have all the necessary knowledge about your new industry and you also know what it takes to scale through. To complete this section, you will also need to talk about the market, who your competitors are, your market trends, the market size and your potential customers. Once they have this information, they will know how credible you are. 

This section should be about your competitors , which can be either direct or indirect competitors. The direct ones are your fellow mobile phone sellers, and the indirect ones are other options your customers can look up to. Mention all the competitors you have and state their strengths and weaknesses. You can also include the type of customers they serve and the prices at which they sell their mobile phones. To round off this section, you will need to mention your areas of advantage. You can state how your products are unique and better than those of your competitors. Will you provide better customer service? Also, state if your prices will attract more customers to you.

What will your marketing and sales strategy be? How do you intend to attract customers and make sales? These are the basic questions that you will need to explain in this section. You will also need to talk about your marketing and promotion strategy. Will you advertise in local papers, make flyers, use social media platforms, create websites or engage in email marketing? This is information that your readers will need to know about your marketing plans because, without constant sales, a business can’t grow and hence might experience failure. 

A proper financial plan should include your income statement, balance sheet, and cash flow statement. Your income statement consists of your profit and loss information. A balance sheet is what shows your assets and liabilities, while a cash flow statement will determine how much money you need to start or grow your business. If you are also seeking any form of financial support from banks or private investors, then you will need to state how much capital you will need to set up your business. You will also convince them that you will make profitable returns over a given period. 

Finally, this section should have your full financial projections and any supporting documents that can make your plan more presentable. It can be in the form of a license or permit. 

A mobile business plan can also be used interchangeably with a mobile phone business plan. This means that it is still a living document that contains all the vital sections of your business and can still be constructed using the mobile phone business plan template that is provided above.

As a startup company that is new to the market and industry, your first-year budget can take up to 25% of its first-year budget. This means that you could be spending a total of £2,987.

Most people won’t tell you this, but creating a business plan can be fun and daunting at the same time, especially when it’s your first time trying. 

But because time waits for no man, you have to take the easier route out, and for this reason, we have created a ready-made mobile phone business plan for your convenience. 

Over the years, businessyield consult has specialised in creating professional business plans and, so far, has helped millions of businesses stand on their feet, and we are happy to help you too. Get started here .

It is sad that the power of a business plan is not fully recognized by entrepreneurs, and thus they pay no attention to employing it in their businesses. But who wouldn’t like to keep track of their mapped-out business plan and always ensure that they are moving according to plan? Since you happen to know the benefits, you should now invest your time in creating a professional mobile phone business plan using our unique template. Don’t forget to reach out to us here when you experience any difficulty creating one. 

Starting a smartphone business is not as hard as it seems. You will only need to take a few steps to get better at what you do. First, you will need to get your mobile phone store or online store fired up. You should refer to your local authorities for this. After that, get yourself a business plan, understand your market, associate with other mobile phone businesses, market your products and set your pricing. 

Yes, it is. We are in a modern world where almost everyone needs to communicate by phone. And starting a mobile phone business with good marketing plans will surely draw ideal customers to buy from you. Remember that you don’t need to break the bank doing this, even as little as 10 mobile phones is enough to set you off the market.

A UK mobile phone store can make an average of £28,596 per year and a total estimation of £14.66 per month. This rate solely depends on how many mobile phones you were able to sell and at what price it was sold.

Yes, it is. We are in a modern world where almost everyone needs to communicate by phone. And starting a mobile phone business with good marketing plans will surely draw ideal customers to buy from you. Remember that you don't need to break the bank doing this, even as little as 10 mobile phones is enough to set you off the market.

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Kenechukwu Muoghalu

Kenny, an accomplished business writer with a decade of experience, excels in translating intricate industry insights into engaging articles. Her passion revolves around distilling the latest trends, offering actionable advice, and nurturing a comprehensive understanding of the business landscape. With a proven track record of delivering insightful content, Kenny is dedicated to empowering her readers with the knowledge needed to thrive in the dynamic and ever-evolving world of business.

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Cell Phones Retailer Business Plan Template

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Get the most out of your business plan example

Follow these tips to quickly develop a working business plan from this sample.

1. Don't worry about finding an exact match

We have over 550 sample business plan templates . So, make sure the plan is a close match, but don't get hung up on the details.

Your business is unique and will differ from any example or template you come across. So, use this example as a starting point and customize it to your needs.

2. Remember it's just an example

Our sample business plans are examples of what one business owner did. That doesn't make them perfect or require you to cram your business idea to fit the plan structure.

Use the information, financials, and formatting for inspiration. It will speed up and guide the plan writing process.

3. Know why you're writing a business plan

To create a plan that fits your needs , you need to know what you intend to do with it.

Are you planning to use your plan to apply for a loan or pitch to investors? Then it's worth following the format from your chosen sample plan to ensure you cover all necessary information.

But, if you don't plan to share your plan with anyone outside of your business—you likely don't need everything.

More business planning resources

Simple Business Plan Outline

How to Write a Business Plan for Investors

Industry Business Planning Guides

How to Start a Business With No Money

How to Write a Business Plan

Business Plan Template

10 Qualities of a Good Business Plan

How to Create a Business Plan Presentation

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Cell Phone Accessories Store Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Wholesale & Retail

Do you want to start a cell phone store and need to write a plan? If YES, here is a sample cell phone accessories business plan template & feasibility report.

In as much as people still make use of cell phones, the demand for cell phone accessories will continue to rise. Cell phone accessories store business is indeed a profitable business because the replacement of damaged or worn-out cell phone parts and accessories is compulsory to extend the lifespan of cell phones.

If you are looking for a business to start as an entrepreneur and you know you have an interest in the technology cum cell phone industry, then you should consider starting your own cell phone accessories business. Although you don’t need a college degree to establish this business, but you need some form of informal training, you might have to work as an apprentice with someone who owns a cell phone accessories store.

It is important to point out that cell phone accessories store business can’t go out of fashion because of the role it plays in the cell phone industry. Depending on the scale you want to start, the startup capital for this type of business can be considered to range from small to moderate.

As a matter of fact, you can start your own cell phone accessories store from a mobile store and then grow it big within a short period of time by re-investing your profits back to the business.

If you are sure this type of business is what you want to do after you must have conducted your feasibility studies and market research, then the next step to follow is to write a good business plan; a detailed blue print of how you intend raising your seed capital, setting up the business, managing the flow of the business, sorting out tax and marketing your services.

Below is a sample cell phone accessories store business plan template that will help you write yours without much stress.

A Sample Cell Phone Accessories Store Business Plan Template

1. industry overview.

Cell phone accessories include any hardware that is not integral to the operation of a mobile smartphone as designed by the manufacturer. Cell phone accessories stores is a subset of the Smartphones industry and operators in this industry retail smartphones and accessories through traditional brick-and-mortar outlets, online websites and by mail order.

IBISWorld projected that over the five years to 2022, the Retail Market for Smartphones industry is anticipated to benefit from the growing demand for smartphones and increasing percentage of services conducted online. As per capita disposable income increased, consumers have increasingly purchased discretionary items. Smartphones are considered particularly discretionary because they are at the higher-end of the cellphone market.

Furthermore, the industry has benefited from a rise in the popularity of products spanning a wide range of price points. This industry benefits from constantly improving technology, which benefits operators in two different ways. As technology improves, the efficiency of manufacturing certain smartphones rises and the cost typically falls.

Going forward, the Retail Market for the Smartphones industry is anticipated to continue to benefit from growing disposable income and increasing demand for smartphones, specifically those at the higher end of the market. Per capita disposable income is anticipated to increase at an annualized rate going forward.

During this time, consumers are anticipated to upgrade and purchase new smartphones as they are less wary about spending money on discretionary purchases. Industry growth is anticipated to slow down as the smartphone market becomes saturated, however as it becomes a consumer stable, industry operators will likely improvise to stay afloat.

Statistics has it that in the united states of America alone, there are about 40,558 registered and licensed smartphones retail stores scattered all across the United States responsible for directly employing about 467,650 people and the industry rakes in a whooping sum of $86 billion annually.

The industry is projected to grow at 10.1 percent annual growth within 2015 and 2022. It is important to state that Apple Inc., Verizon Wireless, AT&T Inc. and Best Buy Co. Inc. have the largest chunk of the available market share in the industry.

A close observation of the Retail Market for the Smartphones industry shows that the industry has low barriers to entry. In the United States, the industry is subject to few restrictive regulations, and industry employees typically do not need to be trained formally to be able to carry out their duties.

The tough part as it relates to start-up costs is the supply of cell phone accessories from wholesalers or directly from manufacturing companies, because cell phone accessories store business cannot be started without sourcing products for sale.

Regardless of low barriers to entry, the competitive nature of the industry makes it very difficult for new operators to break even within a short period of time in the industry.

2. Executive Summary

John Lyon® Cell Phone Accessories Stores, Inc. is a registered cell phone accessories store that will be located in one of the busiest streets in Harrington – Delaware. We have been able to lease a standard store facility in a technology hub in the city and the store is located in a corner piece property along a major road close to one of the largest residential estates in Harrington – Delaware.

John Lyon® Cell Phone Accessories Stores, Inc. will retail Cases, which are designed to attach to, support, or otherwise hold a smartphone, mass storage component (SD card, SD card slot and special USB micro-B flash drive), chargers and external batteries, selfie sticks, smartphone tripod mount and micro-USB to HDMI cables that are used in smartphones with MHL et al from different manufacturers (brands) from the United States and abroad.

We are aware that there are several cell phone accessories store outlets all around Harrington – Delaware, which is why we spent time and resources to conduct a thorough feasibility studies and market survey so as to be well positioned to favorably compete with all our competitors.

We have an online – service option for our customers, and our outlet is has various payment options. We will ensure that we get our customers involved in the selection products (brands) that will be in our store and also when making some business decisions that directly affect them.

John Lyon® Cell Phone Accessories Stores, 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 customers’ needs precisely and completely whenever they patronize our products.

John Lyon® Cell Phone Accessories Stores, Inc. is owned by John Lyon. John Lyon has a Diploma in Computer Technology, with over 5 years’ experience in the retailing industry, working for some of the leading brands in the United States.

Although the business is launching out with just one outlet in Harrington – Delaware, but they have a long term plan to open other outlets around major cities in the United States and Canada via franchising.

3. Our Products and Services

John Lyon® Cell Phone Accessories Stores, Inc. is in the retail market for the Smartphones to service a wide range of clients and of course to make profits, which is why we will make available a wide range of cell phone accessories from top manufacturing brands in the United States and other countries of the world.

Our product offerings are listed below;

• Phone Cases (Pouches and sleeves, Holsters, Shells, Skins, Fitted cases, Bumpers, Flip cases and wallets, Screen protection and body films, Drop and shock protection and Leather case)
• Mass storage component (SD card, SD card slot and special USB micro-B flash drive)
• Chargers and external batteries,
• Selfie sticks, smartphone tripod mount
• Micro-USB to HDMI cables used in smartphones with MHL

4. Our Mission and Vision Statement

• Our vision is to become one of the leading brands in the smartphones retail market in Delaware and to establish a one stop cell phone accessories store in Harrington – Delaware and in other key cities in the United States of America.
• Our mission is to establish a world – class cell phone accessories store that will make available a wide range of cell phone accessories from top manufacturing brands at affordable prices to  residents of Harrington – Delaware.

Our Business Structure

Our intention of starting a cell phone accessories store business is to build a standard store outlet in Harrington – Delaware.

Although our cell phone accessories store might initially not be as big as some of the biggest in the industry, but we will ensure that we put the right structures in place that will support the kind of growth that we have in mind while setting up the business.

We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

• Chief Executive Officer (Owner)
• Store Manager
• Human Resources and Admin Manager

Merchandize Manager

Sales and Marketing Manager

Information Technologist

• Accountants/Cashiers
• Sales Agents/Customer Services Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

• 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
• Reports to the board

Admin and HR Manager

• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• 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 cum business activities.

Store Manager:

• Responsible for managing the daily activities in the store
• Ensures that proper records of cell phone accessories are kept and the warehouse does not run out of products
• Ensure that the store facility is in tip top shape and goods are properly arranged and easy to locate
• Control cell phone accessories distribution and supply chain inventory
• Manage vendor relations, market visits, and the ongoing education and development of the organizations’ buying teams
• Help to ensure consistent quality of Cases, mass storage component (SD card, SD card slot and special USB micro-B flash drive), chargers and external batteries, selfie sticks, smartphone tripod mount and micro-USB to HDMI cables are purchased and retailed in good price that will ensure we make good profit
• Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing and pricing orders to vendors
• Manage external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
• Model demographic information and analyze the volumes of transactional data generated by customer purchases
• Identify, prioritize, and reach out to new partners, and business opportunities et al
• 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
• Manage the organization website
• Handles ecommerce aspect of the business
• Responsible for installing and maintenance of computer software and hardware for the organization
• Manage logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems
• Manage the organization’s CCTV
• Handles any other technological and IT related duties.

Accountant/Cashier:

• Responsible for preparing financial reports, budgets, and financial statements for the organization
• 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
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensuring compliance with taxation legislation
• Handles all financial transactions for the organization
• Serves as internal auditor for the organization

Client Service Executive

• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with customers on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner
• Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to customers when they make enquiries
• Find out the customer’s needs, recommend, select and help locate the right merchandise, describe a product’s features and benefits.
• Make suggestions and encourage purchase of products
• Provide information about warranties, manufacturing specifications, care and maintenance of merchandise and delivery options
• Bag or package purchases and gift wrap merchandise
• Responsible for cleaning all the cell phone accessories and the store facility at all times
• Ensure that toiletries and supplies don’t run out of stock
• Handle any other duty as assigned by the store manager.

6. SWOT Analysis

Our intention of starting just one outlet of our cell phone accessories store in Harrington – Delaware is to test run the business for a period of 2 to 5 years to know if we will invest more money, expand the business and then open other outlets in Delaware and key cities in the United States.

We are quite aware that there are several cell phone accessories stores all over Harrington and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be equipped to confront our threats.

John Lyon® Cell Phone Accessories Stores, Inc. employed the services of an expert HR and Business Analyst with bias in retailing to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. This is the summary of the SWOT analysis that was conducted for John Lyon® Cell Phone Accessories Stores, Inc.;

Our location, the business model we will be operating on, varieties of payment options, wide range of cell phone accessories from different manufacturing brands and our excellent customer service culture will definitely count as a strong strength for John Lyon® Cell Phone Accessories Stores, Inc. So also, our team of highly qualify staff members is also a plus for us.

A major weakness that may count against us is the fact that we are a new cell phone accessories store outlet in Harrington – Delaware and we don’t have the financial capacity to compete with multi – million dollar outlets when it comes to retailing at a rock bottom prices.

• Opportunities:

The fact that we are going to be operating our cell phone accessories store in a corner piece property along a major road close to one of the largest residential estates in Harrington – Delaware provides us with unlimited opportunities to sell our accessories to a large number of people.

We have been able to conduct thorough feasibility studies and market survey and we know what our clients will be looking for when they visit our outlet; we are well positioned to take on the opportunities that will come our way.

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing/spending power. Another threat that may likely confront us is the arrival of a new cell phone accessories outlet in same location where ours is located. So also, unfavorable government policies may also pose a threat to businesses such as ours.

7. MARKET ANALYSIS

• Market Trends

Experts projected that in 2017, the retail market for the Smartphones industry is expected to profit from growing global economic conditions.

Per capita income levels have scaled across the globe and a growing numbers of teens in emerging economies have looked to purchase their own smartphones. As the demand for new smartphones increases, original equipment manufacturers supply more components to industry operators.

A resurgence in demand for new smartphones has stimulated industry profit, as operators were able to increase sales. Steady growth in economic conditions will create avenues for consumers to release pent-up demand for high – end smartphones, hence the increase in demand for upstream supplies.

If you are conversant with the retail market for the Smartphones industry, you will quite agree that the original equipment refers to cell phone parts and accessories that are manufactured to the specification of cell phone manufacturers.

These standards are global, and cell phone manufacturers typically source the same part from different suppliers. Even though these parts and accessories are manufactured by companies in the industry, original equipment carries the name of the final cell phone assembler.

The cell phone accessories stores landscape has seen tremendous changes in the last 20 years; it has grown from the smaller outlets to a more organized and far reaching venture. The introduction of franchise and online store makes it easier for a cell phone accessories retailer to reach out to a larger market far beyond the areas where his physical store is located.

8. Our Target Market

Those who patronize cell phone accessories store cut across all genders above 18 years with the financial means and who own cell phones, hence the target market for cell phone accessories store business is all encompassing. In essence, your target market can’t be restricted to just a group of people, but all those who own cell phones.

In view of that, we have positioned our cell phone accessories store to service the residents of Harrington – Delaware and every other location where our outlets stores will be located all over key cities in the United States of America and Canada.

We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us.

Our Competitive Advantage

A close study of the retail market for the Smartphones industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry.

We are aware of the stiff competition and we are prepared to compete favorably with other leading cell phone accessories stores in Harrington – Delaware.

John Lyon® Cell Phone Accessories Stores, Inc. is launching a standard phone accessories store that will indeed become the preferred choice of residence of Harrington – Delaware and every other location where our outlets will be opened.

Our cell phone accessories store is located in a corner piece along a major road close to one of the largest residential estates in Harrington – Delaware.

We will ensure that we have a wide range of cell phone accessories from leading manufacturers available in our store at all times. It will be difficult for customers to visit our store and not see the type of cell phone accessories they are looking for.

One of our business goals is to make John Lyon® Cell Phone Accessories Stores, Inc. a one stop cell phone accessories retail shop. Our excellent customer service culture, online store, various payment options and highly secured facility will serve 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 objectives.

We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

9. SALES AND MARKETING STRATEGY

• Sources of Income

John Lyon® Cell Phone Accessories Stores, Inc. is in business to retail a wide range of cell phone accessories to residents of Harrington – Delaware. We are in the industry to maximize profits and we are going to ensure that we achieve or business goals and objectives. John Lyon® Cell Phone Accessories Stores, Inc. will generate income by selling the following products;

10. Sales Forecast

One thing is certain when it comes to cell phone accessories stores, if your store is stocked with various types of cell phone accessories and is centrally positioned, you will always attract customers cum sales.

We are well positioned to take on the available market in Harrington – Delaware 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.

We have been able to examine the cell phone accessories stores industry and 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 John Lyon® Cell Phone Accessories Stores, Inc. it is based on the location of our business and other factors as it relates to cell phone accessories stores in the United States;

• First Fiscal Year (FY1): $240,000
• Second Fiscal Year (FY2): $350,000
• Third Fiscal Year (FY3): $550,000

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 there won’t be any major competitor within our market space. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

Before choosing a location for John Lyon® Cell Phone Accessories Stores, Inc. we conducted a thorough market survey and feasibility studies in order for us to penetrate the available market and become the preferred choice for residents of Harrington – Delaware.

We have detailed information and data that we were able to utilize to structure our business to attract the number of customers we want to attract per time.

We hired experts who have good understanding of the cell phone accessories stores industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Harrington – Delaware.

In summary, John Lyon® Cell Phone Accessories Stores, Inc. will adopt the following sales and marketing approach to win customers over;

• Introduce our cell phone accessories store by sending introductory letters alongside our brochure to key stakeholders in Harrington – Delaware
• Ensure that we have a wide range of cell phone accessories from different brands at all times.
• Make use of attractive hand bills to create awareness and also to give direction to our store
• Position our signage/flexi banners at strategic places around Harrington – Delaware
• Position our greeters to welcome and direct potential customers
• Create a loyalty plan that will enable us reward our regular customers
• List our business and products on yellow pages ads (local directories)
• Leverage on the internet to promote our business
• Engage in direct marketing and sales
• Encourage the use of Word of mouth marketing (referrals)
• Join local chambers of commerce and industries to network and market our products

11. Publicity and Advertising Strategy

Despite the fact that our cell phone accessories store is well located, we will still go ahead to intensify publicity for the business.

John Lyon® Cell Phone Accessories Stores, Inc. has a long-term plan of opening outlets in various locations all around Delaware and key cities in the United States which is why we will deliberately build our brand to be well accepted in Harrington before venturing out.

Here are the platforms we intend leveraging on to promote and advertise John Lyon® Cell Phone Accessories Stores, Inc.;

• Place adverts on community based newspapers, radio stations and TV stations.
• Encourage the use of word of mouth publicity from our loyal customers
• Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Google+ and other platforms to promote our business.
• Ensure that our we position our banners and billboards in strategic positions all around Harrington – Delaware
• Distribute our fliers and handbills in target areas in and around our neighborhood
• Advertise our cell phone accessories store business in our official website and employ strategies that will help us pull traffic to the site
• Brand all our official cars and trucks and ensure that all our staff members and management staff wear our branded shirt or cap at regular intervals.

12. Our Pricing Strategy

On the average, there is a standard price for various cell phone accessories hence the prices of our cell phone accessories will conform to what is obtainable in the industry but we will ensure that within the first 6 to 12 months our products are sold a little bit below the average price in the market.

We have put in place business strategies that will help us run on low profits for a period of 6 months; it is a way of encouraging people to buy into our brands.

• Payment Options

The payment policy adopted by John Lyon® Cell Phone Accessories Stores, 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 John Lyon® Cell Phone Accessories Stores, Inc. will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via credit cards
• Payment via online bank transfer
• Payment via check
• Payment via mobile money transfer

In view of the above, we have chosen banking platforms that will enable our clients make payment for our cell phone accessories purchase without any stress on their part.

13. Startup Expenditure (Budget)

When it comes to starting a cell phone accessories business the major areas that you look towards spending the bulk of your cash is in the purchase of a wide range of cell phone accessories from different manufacturing brands and of course renting or leasing a well located store facility.

You are also expected to pay your employees and your utility bills. These are the key areas where we will spend our startup capital on;

• The total fee for registering the business in the United States of America – $750.
• Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $3,300.
• Marketing promotion expenses for the grand opening of John Lyon® Cell Phone Accessories Stores, 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 cost for hiring business consultant – $2,500.
• Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400.
• The cost for payment of rent for 12 months at $1.76 per square feet in the total amount of $55,600.
• The cost for shop remodeling (construction of racks and shelves) – $20,000.
• Other start-up expenses including stationery ($500) and phone and utility deposits ($2,500).
• Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
• The cost for start-up inventory (stocking with a wide range of cell phone accessories from different manufacturing brands) – $50,000
• The cost for counter area equipment – $1,500
• The cost for store equipment (cash register, security, ventilation, signage) – $3,750
• The cost of purchase and installation of CCTVs: $10,000
• The cost for the purchase of office furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): $4,000.
• The cost of launching a website: $600
• Miscellaneous: $10,000

We would need an estimate of two hundred and fifty thousand dollars ($250,000) to successfully set up our standard cell phone accessories store in Harrington – Delaware.

Generating Funds/Startup Capital for John Lyon® Cell Phone Accessories Stores, Inc.

John Lyon® Cell Phone Accessories Stores, Inc. is a private registered business that is owned and financed by John Lyon. He has decided to restrict the sourcing of the startup capital to 3 major sources.

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

N.B: We have been able to generate about $50,000 (Personal savings $30,000 and soft loan from family members $20,000) 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 signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

Part of the plans we have in place to sustain John Lyon® Cell Phone Accessories Stores, Inc. is to ensure that we continue to make available a wide range of cell phone accessories from different manufacturing brands, deliver quality services, improvise on how to do things faster and cheaper. We are not going to relent in providing conducive environment for our workers.

From our findings, another factor that kills new businesses is financial leakages. In order to plug financial leakages, the management of John Lyon® Cell Phone Accessories Stores, Inc. adopted the use of payment machine and accounting software to run the business.

We are quite aware that our customers are key component to the growth and survival of our business hence we are going to continuously engage them to give us ideas on how to serve them better and the products they want to see in our store. We will not waste time in adopting new technology, best practices and diversifying our services.

John Lyon® Cell Phone Accessories Stores, 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.

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. 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 Registration: Completed
• Opening of Corporate Bank Accounts: Completed
• Securing Point of Sales (POS) Machines: Completed
• Opening Mobile Money 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
• Leasing of store facility and remodeling the store: In Progress
• Conducting Feasibility Studies: Completed
• Generating capital from family members: Completed
• Applications for Loan from the bank: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents and other relevant Legal Documents: In Progress
• Design of The Company’s Logo: Completed
• Printing of Packaging and Promotional Materials: In Progress
• Recruitment of employees: In Progress
• Purchase of the needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business both online and around the community: In Progress
• Health and Safety and Fire Safety Arrangement (License): Secured
• Compilation of our list of products that will be available in our store: Completed
• Establishing business relationship with vendors – manufacturers and suppliers of cell phone accessories: In Progress

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Money blog: 10 million homes have days to check their energy meter reading to avoid paying too much

Welcome to the Money blog, your place for personal finance and consumer news and advice. Let us know your thoughts on any of the topics we're covering using the comments box below.

Friday 28 June 2024 11:50, UK

• UK's economic growth better than thought
• 10 million homes have days to check energy meter reading to avoid paying too much
• HSBC says sorry as customers report IT issues with accounts
• Fuel shock could be on the way - as sports shop hit by Nike downgrade

Essential reads

• Save 105 teaspoons of sugar (and money) by switching to classic ice cream
• How to stop your car from being stolen - or even 'cannibalised'
• A week when probable future of mortgage rates became clearer
• Savings Guide: What to look for with 5% rates still available on easy access accounts
• Women in Business : How accident in cafe and £400 turned into a genius business idea that's about to go global
• Money Problem : 'I bought a new car but it's been back six times with same fault - what can I do?'
• Best of the Money blog - an archive

Ask a question or make a comment

Almost 10 million households need to read their energy meters this week to make the most of the energy price cap change on 1 July.

Missing the first week's worth of cheaper energy would cost them £30m collectively, according to Uswitch.

From 1 July to 30 September 2024, the annual energy price cap will be set at £1,568 for the average household - £122 lower than it is at present.

"Households should be adding 'read my energy meter' to their to-do-list this weekend if they want to take full advantage of lower energy prices from July," said Ben Gallizzi, energy expert at Uswitch.

MoneySavingExpert's Martin Lewis has issued a similar warning.

Without an accurate meter reading, households on standard variable tariffs without a smart meter will be charged estimated ones.

The difference between a week's worth of energy at June's rates compared to July's is £2.78 for the typical household.

Mr Gallizzi said now is also the time to check if you can get a better energy tariff before expected price hikes in October.

Industry analysts suggest energy rates will rise again by 12% to £1,761.

Earlier, we brought you the news that HSBC customers have reported IT issues with mobile banking and the bank's app (see 9.37am post).

Now Nationwide has also said there was a "delay with some customers receiving their salary or pension payments today".

Read more in our breaking news story...

By Emily Mee, news reporter

A car was stolen roughly every eight minutes in the UK last year, according to DVLA figures. 

Some 64,087 vehicles were reported stolen - an increase of 5% on the previous year. 

While car thefts are on the rise, reports have also highlighted a growing trend of "car cannibalism" - when criminals rip parts off cars to order. 

Bonnets, bumpers and headlights are among the parts often nicked by thieves. 

It might sound like a familiar refrain at this point, but consumer rights expert Scott Dixon says the cost of living crisis is largely to blame. 

Scott, who runs The Complaints Resolver , told us the costs of spare parts and insurance have "rocketed" post-COVID - driving opportunists to turn to crime. 

He also pointed to a scarcity of decent second-hand cars on the market currently, saying people are "holding onto their cars for longer because they can't afford to change them". 

How can you protect your car? 

Scott says there are numerous ways you can prevent your car from becoming a target - and many of them are cheap and simple. 

Get your keys recoded

If you're buying second hand, getting your keys recoded can give you additional security. 

Scott says it's possible the person you bought from could have copies of the keys, allowing them to steal your car or break in. 

Fit a tracking device

This should be fitted professionally, and while it won't stop your vehicle from being stolen, it will increase the chances of police being able to track it down and return it. 

You should be aware, though, that you'll need to pay a fairly costly annual subscription fee. 

Secure your number plate

Some thieves will take number plates so they can steal petrol from forecourts - and Scott says some are now doing this to escape ULEZ fines. 

He recommends getting anti-theft screws to secure your number plate. 

Keep your car tidy

Handbags, phone leads, sat-nav holders and paperwork can all attract the attention of opportunist car thieves. 

Scott says many people are "too careless and complacent" with this - and it's completely free to fix. 

Fit a steering or handbrake lock

You can get these on Amazon for less than £20 each - and because they're visible, they can also act as a deterrent. 

A pedal box, which encases the pedals in a highly visible metal box, is another option. 

A good wheel clamp - Scott recommends this one  - can be bought on Amazon for about £30. 

Another visible deterrent is a sticker to say the vehicle is alarmed or has a tracker fitted. 

Think about where you park

Thieves are more likely to target quiet and dimly lit areas, as well as quiet side streets, Scott says. 

If you can, try to park in a well-lit and busy area - preferably with CCTV. 

Install cameras 

You could keep your dashcam recording through the night (which could capture anyone walking in front of the car) and put up signs stating you have cameras around. 

Fit a car alarm or immobiliser

Although most modern cars have these fitted, older cars often don't. 

Plus, having a professionally fitted alarm or immobiliser could lower your insurance premium. 

Etch your car windows 

You can buy a car window etching kit for less than £15, including warning stickers to show the identification number is traceable. 

If you have your Vehicle Identification Number (VIN) etched onto the doorframe, windows and steering wheel, it can deter thieves from stealing the vehicle or its parts as it will be harder to sell stolen parts if they're personalised. 

Window tinting

Of course, you'll only be able to do this to a certain extent as the law states the front windscreen has to let in at least 75% of light through. For front side windows, you need 70%. 

But there are no rules around the rear windscreen or rear passenger windows, and having a tint can deter criminals from looking into the car. 

Take steps to prevent relay theft

An increasingly popular way to steal cars is through relay theft - when criminals use devices to relay signals from the car key to the car. 

One person will get near enough to the key inside the house to pick up the signal, while a second person will hold another device next to the vehicle. 

All keyless cars are vulnerable to relay theft - but in particular, Audi, BMW, Ford, Hyundai, Land Rover, Mercedes and Volkswagen cars are the most popular targets.

You can help prevent it by keeping your keys in a "Faraday pouch" - which has a lining preventing the keys inside from receiving or transmitting radio frequency signals.

A pack of two is available online for roughly £8. 

Another option is to use a metal container, as the relay device cannot pass through metal. 

You should also avoid storing your keys near doors or windows. 

Forget the bank of mum and dad, the bank of gran and grandad is coming into play as parents struggle to afford school trips.

Some 23% of parents say they have had to make cutbacks - even to essentials - to fund them, while 10% said grandparents had paid for the trip and 8% said an aunt or uncle had chipped in.

The research, undertaken by public sector insurer Zurich Municipal, found one in five financially pinched parents felt embarrassed about struggling to pay for trips.

"School trips bring a plethora of benefits to young lives, it's heartbreaking to see so many could miss out due to cost," said Tilden Watson, head of education at Zurich Municipal.

"These trips can also expose some children to new places and experiences that they wouldn't necessarily get to enjoy with their families so they really do offer a window to the world they otherwise wouldn't see."

OnePoll surveyed 1,000 parents of children aged five to 16 across the UK in May.

More than a third (35%) of parents believed school trips are critical to their child's education.

A major bank has apologised to its customers for IT issues.

In a post on X just before 9.30am, HSBC said: "We’re really sorry that some customers are having issues accessing personal online and mobile banking. 

"Our IT teams are working hard to get these services back to normal. 

"You can still authorise online card purchases via SMS."

By  James Sillars , business reporter

The FTSE 100 is on course to end the week on a positive note, opening 0.4% up at 8,211.

Energy stocks are leading a march north following a rough few days for shares generally.

The reason, however, is not great news for us consumers.

Resurgent oil prices are driving the performance, with Shell and BP among the early winners.

The Brent crude contract for August delivery is currently trading just below $87 a barrel, leaving oil costs on track for a third week of gains in a row.

There are a wealth of reasons for the surge but analysts are crediting hopes of a US interest rate cut for the latest lift.

Meanwhile, on the high street, shares in JD Sports are among those dragging.

Its stock opened more than 4% lower after Nike flagged yesterday a downgrade in its own revenue expectations for the current year.

That saw 12% wiped from Nike's price on Wall Street.

The UK's economy grew slightly more than expected between January and March, the Office for National Statistics (ONS) has just announced.

It was previously estimated that it grew by 0.6% during this three-month period.

But the ONS has revised that figure up - ever so slightly - to 0.7%.

Chances are, that won't change how most people feel about their personal finances.

The change could be a talking point in the ongoing election campaign, though.

Follow the latest on the race for Number 10 in our politics blog:

It can be hard to balance the demands of eating well without spending a lot.

In this series, we try to find the healthiest options in the supermarket for the best value - and have enlisted the help of  Sunna Van Kampen , founder of Tonic Health, who went viral on social media for reviewing food in the search of healthier choices. We also speak to dieticians each week.

It's important to note from the outset that in this series, we don't try to find the outright healthiest option, but help you get better nutritional value for as little money as possible.

With the weather finally getting warmer, this week we're looking at ice cream. 

"With so many options out there, how do you fancy a 63% reduction in your sugar consumption and some savings for your wallet too?" says Sunna. 

What's in our ice creams? 

"Technically speaking, ice cream is just frozen milk and cream with a bit of added sweetness," Sunna says. 

But as time has gone on, we've progressed to less and less cream and more and more sugar.

"To give you an example, Mars Bar Ice Cream is only 31% milk and cream, while the traditional Mackie's ice cream is 81% milk and cream," Sunna says. 

"When you remove the cream, quite clearly you lose a lot of the creaminess and smooth texture, so manufacturers have turned to gums (like guar gum, locust bean gum, tara gum) to give the creaminess while lowering cost," he adds.

"The problem is some of these gums have demonstrated to be gut disruptive and hard to digest."

How much sugar can we eat?

The NHS recommends adults have 30g of sugar a day, with that decreasing to 24g for seven to 10-year-olds and 19g a day for four to six-year-olds. 

"A cut in sugar is not just good news for our waistlines, but also for our overall health, contributing to a balanced diet without the same spikes in blood sugar levels," Sunna says.

Those spikes can cause sudden drops in energy, spates of hunger and potentially lead to type two diabetes. 

How much sugar is in ice cream?

Let's look at some popular examples to compare the sugar content and the impact on your wallet... 

• Cadbury Flake 99: £4.25 for 4x125ml and 22.9g sugar per ice cream (5.5 teaspoons)
• Magnum: £3.25 for 3x100ml - 20g of sugar per ice cream (five teaspoons)
• Solero Exotic: £2.75 for 3x90ml - 12g of sugar per ice cream (three teaspoons)
• Mars Ice Cream Bars: £2.75 for 4 x 49.5ml - 12g of sugar per ice cream (three teaspoons)
• Cornetto Classic: £3.50 for 6x90ml - 10g of sugar per ice cream (2.5 teaspoons)
• Milk Choc Ices: £1.60 for 6x70ml - 7.3g of sugar per ice cream (under two teaspoons)

"Assuming you have one ice cream a day across, hopefully, 30 days of sunny weather this summer, and you'll find yourself saving over 105 teaspoons of sugar from your diet this summer if you choose a Choc Ice over a Cadbury Flake 99," Sunna says. 

That's a decent saving for your health - but what about your wallet? 

"Choc Ice is firmly in the category of win-win, as it's 65% cheaper than a standard Magnum," he adds.

That's a considerable £24.30 saving over 30 ice creams.

The nutritionist's view - from Nichola Ludlam-Raine, dietitian at  nicsnutrition.com ...

"Shop-bought ice cream isn't a product that I recommend having daily, and luckily for the UK population this isn't something that is too hard to stick to, given the distinct lack of sunny, warm weather.

"I recently had a Mars ice cream and although I really enjoyed it. I needed two to feel satisfied, as they were so small - which doubled my sugar intake (to 24g). 

"The good news, though, is not all the sugar quoted on the label is free or added sugar (and under 30g a day of this is acceptable within the context of a healthy balanced diet), as some sugar will be naturally occurring in the milk.

"Choosing ice creams where milk is the first ingredient is always preferable - or plant-based/fruit-based alternatives if you have a milk intolerance or allergy.

"The evidence regarding thickeners and emulsifiers on gut health is still in its infancy, and most of the studies are small and have been done on rodents, with relatively large amounts of the additives being used. 

"Some emulsifiers may also confer benefits due to their prebiotic effects - but with gut health, the key is to add in more fibre, natural colour and plants."

Read more from this series... 

Every week we take an overview of the mortgage market with industry experts, while the guys at Moneyfactscompare  round up the best rates...

We start this week with the exclusive interview Sky News' Ian King conducted with the chief executive of Lloyds Banking Group - the UK's biggest lender.

Charlie Nunn warned homeowners not to expect a return to the ultra-low interest rates seen for most of the last 16 years.

"We've just come off a decade where mortgages have been in the 1.5-2.5% range," he told King.

"The expectations the market have is that interest rates probably won't get below 3.5%. And that means mortgages, or the new normal for mortgages, will be in that 3.5-4.5% range, not 1.5-2.5%."

Mr Nunn's comments earned applause from brokers and mortgage experts, with the industry news service Newspage speaking to a range of voices...

"I agree with Charlie Nunn: ultra-low interest rates are history. The public is adjusting to the new normal of 3.5% to 4.5% mortgage rates. Nunn's comments highlight market reality and urge borrowers to adapt now." Ranald Mitchell, from Charwin Private Clients

"If you're a first-time buyer, you may not see ultra-low interest rates in your mortgage lifetime. But that doesn't mean a return to good interest rates isn't possible. We should see rates beginning with a 3 or even a 2 in the not-too-distant future, especially for those with good deposits or equity." Ben Perks, from Orchard Financial Advisers

For now, the focus of many mortgage holders has been on when the Bank of England will start easing rates from the current 16-year high of 5.25%.

June had been touted but this month's meeting came and went without a change - and the delay means more people coming off mortgages secured in the ultra-low era are facing significant hikes.

About three million UK households are still set to witness hikes in their mortgage repayments over the next two years, the Bank has said this week.

Its Financial Policy Committee (FPC) added there were likely to be "very large increases" of more than 50% for the mortgages of around 400,000 households.

At the moment, around 35% of households with mortgages, or more than three million, are paying below 3% for a range of reasons - like existing deals which pre-dated the recent crisis - and are expected to see an increase between now and the end of 2026.

A typical household rolling off a fixed-rate mortgage before the end of 2026 is due to face a jump of around £180 a month, the committee said.

There has been some good news for borrowers this week though, with a handful of major lenders cutting rates in response to falling swap rates (these dictate how much it costs lenders to lend).

"Fixed rate mortgage reductions from prominent lenders such as Barclays and HSBC dominated coverage this week, as last week’s inflation announcement continued to prompt speculation of an imminent cut to base rate," says Caitlyn Eastell from Moneyfacts.

Turning to the best deals currently on the market, Ms Eastell says the lowest two-year fix for first time buyers with a 5% deposit comes from Halifax. 

Priced at 5.63%, this deal has a £999 arrangement fee and offers a £250 Green Home cashback incentive to those purchasing eligible properties. 

Moneyfacts also rounds up the best overall deals - looking beyond just the headline rate.

Ms Eastell adds: "As a first time buyer, every penny counts and you may have already exhausted your savings building up a 5% deposit, as well as covering legal fees and removal costs. 

"It's important to consider the true cost of any deal you commit to, so if you are looking to save on the upfront cost of your mortgage, then a Best Buy mortgage may be a more cost-effective choice.

"This week, Hanley Economic BS takes one of the top spots of our Best Buy tables for a two-year mortgage. Priced at 5.69%, it offers a free valuation and £250 cashback incentive."

There could be good news on the horizon for borrowers, as an economist says the Bank of England is likely to cut interest rates in August.

Michael Saunders, a former member of the Monetary Police Committee (MPC), said the Bank has "clearly signalled" it wants to cut rates soon "if data are okay".

He told the Reuters Global Markets Forum that inflation and wage figures would need to align with the MPC's forecasts back in May.

"If so, I would expect the rest of the internal [members of the MPC] to move as a bloc to vote for a cut," he said, saying that markets had been given enough warning.

The BoE  held interest rates  at 5.25% for the seventh time in a row last week despite inflation falling to its target of 2%.

Mr Saunders predicted that the Bank would slash rates seven times in increments of 25 points by the end of next year, bringing the headline rate "close" to what he calls a neutral rate of 3.5%.

"I expect two to three cuts this year, the rest next year - again, depends a bit on the monthly data," he said.

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Netflix co-CEO explains why the company keeps increasing prices for ad-free plans

• Netflix co-CEO Greg Peters explained the streamer's price hikes for ad-free plans.
• He cited viewer demand for diverse, quality shows and adding value as the reason behind the increases.
• Netflix's strategy has led to a significant subscriber boost and $9.37 billion in Q1 revenue.

It seems that every year viewers are watching streaming prices climb more and more — and Netflix is no exception.

Netflix co-CEO Greg Peters explained the company's thinking behind the price hikes in a new interview.

Peters recently told The Verge that the multiple price hikes to its ad-free plans in recent years are an effort to offer consumers a wider range of options — which require added investment to add that value.

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"[T]hey want a higher diversity of shows, they want more quality shows, so that's our job," Peters said. "If we do that well, we'll go back and occasionally ask members to pay a little bit more to keep that flywheel running."

Last July, the streaming giant dropped its Basic plan, previously its cheapest ad-free option at $11.99 a month, leaving subscribers to choose between the Standard ad-free plan, which costs $3.50 more, or the more affordable Standard with Ads plan, which costs $6.99 a month. They could also opt for Netflix's priciest plan, Premium ad-free, which increased from $19.99 to $22.99 a month last October.

When asked if Netflix is aiming to increase the number of viewers in the ads tier, Peters responded that "it's definitely not the goal."

"What I would say is that our job is to add more value to the entertainment service that we are offering," he said.

While Netflix may not intend to steer people to its ad-supported plan, those members receive some more good news: the co-CEO hopes to decrease the ad load over time to "provide higher-relevance, higher-value ads."

Peters said that the costs and ad distribution come down to having "a set of prices with the right features so that basically we can attract more members around the world, and they can enjoy the incredible stories that we have available."

And it seems to be working. Netflix smashed expectations for its first quarter earnings, increasing subscribers by 9.33 million worldwide and earning $9.37 billion in revenue.

Disclosure: Mathias Döpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member.

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