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Strategy and Implementation Summary
What is your general line of attack to make your business a success and how will you realize this?
Bicycle Shop Marketing Strategy
What are the authentic ways you are going to exercise in order to market your Bicycle Shop business to your existing and possible patrons. You can furthermore add the overheads involved in doing this and strategies involved in lowering your marketing outlay and how your marketing strategy can target your patrons better. For instance if you are using Pay Per Click as a approach to go for Bicycle Shop clients you possibly will employ long tail keyword search phrases significantly than succinct generic words. This should lessen your Pay Per Click expenses as well as laser targeting your patrons; though it will of course take longer to set up. Read more about marketing strategy.
Bicycle Shop Pricing Strategy
What line of attack did you use to get your selling prices for your 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 implement to get the sound out about your services and products to your possible clients - 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 competition that you can exploit to your gain? Are you able to keep your overheads lower than your rivalry so that you are continuously the cheapest? Do you have a first-class position? Are you the original or the only one to provide a product or service? Are you capable of staying in front of the rivalry and if so what enables you to do this? Do you have a good identification, trademarks, patents or a licence?
Web Strategy
Are you going to have no website at all or an all singing and dancing website with bells and whistles on? In most scenarios it is going to be something in-between these two, and you ought to reason long and hard where your business is going to position itself. You can pay a visit to this website and get more information in relation to putting your Bicycle Shop business online.
Sales Strategy
How are you going to acquire sales for your Bicycle Shop business in the first place and how are you going to grow or uphold sales as time goes on? How much is each sale going to cost you? Make certain you know what questions to ask of your would-be customers and know the answers to likely questions they will ask you. How are you going to build a connection with your customers to get yet to come sales from them? How are you going to observe 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 Bicycle Shop business proposal to assist you.
Management Summary
Management Team
Who are the main protagonists in your company?
Bicycle Shop Organizational Structure
What is the structure of your business - who is in charge of every department inside your organization?
Personnel Plan
This ought to be a listing of each person in your company, 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 likely to alter in the future or not.
Bicycle Shop 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?
Bicycle Shop Break Even Analysis
How long will it take to get your capital investment back through 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.
Bicycle Shop Profit and Loss
You can embody this usually in the form of a monthly and yearly bar chart as well as tables. Obviously these ought to be revised as your business goes along on a monthly basis. You can obtain a free profit and loss spreadsheet to assist you.
Bicycle Shop Cash Flow
You should have tables and charts to display your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to bring in all your critical 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 ought to only be given to probable investors.
Exit Strategy
How exactly are you going to sell your Bicycle Shop Business?
Bicycle Shop Business Plan Page 1 | Bicycle Shop Business Plan Page 2
Useful Bicycle Shop Resources
Bicycle Shop Marketing Plan | Bicycle Shop Equipment | Bicycle Shop Online
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