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Strategy and Implementation Summary
What is your common line of attack to make your business a success and how will you achieve this?
Banquet Facility Marketing Strategy
What are the concrete ways you are going to use in order to promote your Banquet Facility business to your present and potential clients. You can also add the overheads involved in doing this and strategies involved in reducing your marketing expenses and how your marketing strategy can target your clients better. For example if you are using PPC as a structure to go for Banquet Facility patrons you may well employ long tail keyword search phrases considerably than succinct generic words. This ought to drive down your Pay Per Click expenditure as well as laser targeting your clients; even though it will of course take longer to set up. Read more about marketing strategy.
Banquet Facility 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 regarding your products and services to your likely patrons - are you going to do media releases, run events, networking, sales pitches, follow-ups, have promotional products?
Business Competitive Edge
Do you have some benefits over your competitors that you can exploit to your benefit? Are you able to keep your overheads lower than your competition so that you are constantly the cheapest? Do you have a superior place? Are you the original or the only one to supply a service or product? Are you capable of staying ahead of the opposition and if so what enables you to do this? Do you have a good brand, 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 scenarios 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 go and see this website and get more info as regards putting your Banquet Facility business online.
Sales Strategy
How are you going to pick up sales for your Banquet Facility business in the first place and how are you going to expand or preserve sales as time goes on? How much are your sales going to cost you? Make certain you know what questions to ask of your potential clients and know the answers to likely questions they will ask you. How are you going to develop a connection with your clients to get future 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 Banquet Facility business proposal to assist you.
Management Summary
Management Team
Who are the focal players in your business?
Banquet Facility Organizational Structure
What is the structure of your company - who is in charge of each division within your business?
Personnel Plan
This 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, short and long term and whether that is expected to change in the future or not.
Banquet Facility Financial Plan
Will you deliver all your own funding or will it be a mixture of your cash, bank loans, or angel investors? Do you need help in writing your financial plan?
Banquet Facility Break Even Analysis
How long will it take to get your investments back in terms of capital outlay through sales of your services and products. You ought to represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Banquet Facility Profit and Loss
You can represent this usually 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 base. You can obtain a free profit and loss spreadsheet to assist you.
Banquet Facility Cash Flow
You ought to have charts and tables to reveal your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should bring in all your central info which makes your business operate efficiently. 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 Strategy
How exactly are you going to sell your Banquet Facility Business?
Banquet Facility Business Plan Page 1 | Banquet Facility Business Plan Page 2
Useful Banquet Facility Resources
Banquet Facility Marketing Plan | Banquet Facility Equipment | Banquet Facility Online
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