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Strategy and Implementation SummaryWhat is your common strategy to make your business a success and how will you achieve this? Art Supply Retail Marketing StrategyWhat are the authentic ways you are going to draw on in order to market your Art Supply Retail business to your present and would-be clients. You can in addition add the costs involved in doing this and strategies involved in lowering your marketing costs and how your marketing strategy can target your clients better. For instance if you are using PPC as a way to go for Art Supply Retail customers you may perhaps use long tail keyword search phrases rather than short generic words. This should decrease your Pay Per Click overheads as well as laser targeting your clients; even though it will of course take longer to set up. Read more about marketing strategy. Art Supply Retail Pricing StrategyHow have you arrived at your prices for your products and services? Are you going to use cost-plus pricing, limit pricing, loss leaders, market-oriented pricing, penetration pricing, price discrimination, premium pricing, predatory pricing, contribution margin-based pricing, psychological pricing, dynamic pricing, target pricing, absorption pricing, high-low pricing, marginal-cost pricing, odd pricing, freemium or pay what you want pricing? Check out this article on pricing up your products Promotion StrategyWhat promotion strategies are you going to execute to get the word out as regards your services and products to your would-be patrons - are you going to do media releases, hold events, networking, sales pitches, follow-ups, have promotional products? Business Competitive EdgeDo you have some advantage above your competitors that you can exploit to your gain? Are you able to keep your outlay lower than your opposition so that you are at all times the cheapest? Do you have a prime site? Are you the first or the only one to provide a product or service? Are you able to stay in front of the opposition and if so what enables you to do this? Do you have a good make, trademarks, patents or a licence? Web StrategyAre you just going to have nothing at all or an all singing and dancing website with bells and whistles on? In most case it's going to be something in-between these two, and you ought to think long and hard where your business is going to position itself. You can visit this website and get more info in relation to putting your Art Supply Retail business online. Sales StrategyHow are you going to generate sales for your Art Supply Retail business in the first place and how are you going to boost or preserve sales as time goes on? How much is each sale going to cost you? Make definite you know what questions to ask of your possible patrons and know the answers to likely questions they will ask you. How are you going to put together a bond with your clients to get yet to come sales from them? How are you going to monitor your sales? Do you want to increase your sales? Formulating a good business proposal will increase your chances of getting a sale. Use this sample Art Supply Retail business proposal to assist you. Management SummaryManagement TeamWho are the most important protagonists in your company? Art Supply Retail Organizational StructureWhat is the structure of your business - who is in charge of each division inside your business? Personnel PlanThis ought to be a register of everyone in your business, how much they are paid and what if any share options they have for now and in the future. You can also add what type of contracts they have, long and short term and whether that is expected to alter in the future or not. Art Supply Retail Financial PlanWill you provide all your own funding or will it be a mix of your capital, bank loans, or angel investors? Do you need help in writing your financial plan? Art Supply Retail Break Even AnalysisHow long will it take to get your investments back in terms of capital outlay through sales of your products and services. You should represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples. Art Supply Retail Profit and LossYou can represent profit and loss in the form of a monthly and yearly bar chart as well as tables. Observably these should be revised as your business goes along on a monthly basis. You can obtain a free profit and loss spreadsheet to assist you. Art Supply Retail Cash FlowYou should have tables and charts to display your cash balance and your net cash flow. Download a free cash flowspreadheet. AppendixThis should take account of all your key information which makes your business tick. This should be your business financials - so all your tables of numbers, tax returns, inventory estimates and personal and business credit history information. The information in the appendix is highly confidential and should only be given to potential investors. Exit StrategyHow exactly are you going to sell your Art Supply Retail Business?
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