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Strategy and Implementation Summary
What is your common approach to make your business a success and how will you go about this?
Baby Picture Studio Marketing Strategy
What are the actual ways you are going to exercise in order to market your Baby Picture Studio business to your existing and impending patrons. You can also add the expenses involved in doing this and strategies involved in lowering your marketing costs and how your marketing strategy can target your patrons better. For example if you are using PPC as a strategy to go for Baby Picture Studio clients you may perhaps employ long tail keyword search phrases rather than succinct generic words. This ought to cut down your Pay Per Click costs as well as laser targeting your customers; although it will of course take longer to set up. Read more about marketing strategy.
Baby Picture Studio Pricing Strategy
How did you work out your price points services and products? 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 Strategy
What promotion strategies are you going to employ to get the sound out about your services and products to your possible clients - are you going to do media releases, hold events, networking, sales pitches, follow-ups, have promotional products?
Business Competitive Edge
Do you have some benefits above your opposition that you can exploit to your advantage? Are you able to keep your expenses lower than your rivals so that you are continually the cheapest? Do you have a first-class site? Are you the originator or the only one to supply a service or product? Are you able to stay in front of the opposition and if so what enables you to do this? Do you have a good identifying mark, trademarks, patents or a licence?
Web Strategy
Are 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 deliberate long and hard where your company is going to position itself. You can pay a quick visit to this website and get more info with reference to putting your Baby Picture Studio business online.
Sales Strategy
How are you going to pick up sales for your Baby Picture Studio business in the first place and how are you going to boost or uphold sales as time goes on? How much is each sale going to cost you? Make sure you know what questions to ask of your would-be clients and know the answers to likely questions they will ask you. How are you going to encourage a rapport with your patrons to get future sales from them? How are you going to scrutinize 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 Baby Picture Studio business proposal to assist you.
Management Summary
Management Team
Who are the main players in your company?
Baby Picture Studio Organizational Structure
What is the hierarchy of your business - who is in charge of each department inside your organization?
Personnel Plan
This should be a listing of everyone in your business, their remuneration 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 likely to alter in the future or not.
Baby Picture Studio Financial Plan
Will you deliver all your own funding or will it be a mixture of your riches, bank loans, or angel investors? Do you need help in writing your financial plan?
Baby Picture Studio Break Even Analysis
How long will it take to get your capital investment back by means of sales of your services and products. You should represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Baby Picture Studio Profit and Loss
You can represent profit and loss in the form of a monthly and yearly bar chart as well as tables. Obviously 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.
Baby Picture Studio Cash Flow
You should have charts and tables to explain your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to bring in all your key info which makes your business operate efficiently. This ought to 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 would-be investors.
Exit Strategy
How exactly are you going to sell your Baby Picture Studio Business?
Baby Picture Studio Business Plan Page 1 | Baby Picture Studio Business Plan Page 2
Useful Baby Picture Studio Resources
Baby Picture Studio Marketing Plan | Baby Picture Studio Equipment | Baby Picture Studio Online
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