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Strategy and Implementation Summary
What is your general stratagem to make your business a success and how will you accomplish this?
Bingo Marketing Strategy
What are the actual methods you are going to draw on in order to promote your Bingo business to your existing and potential clients. You can moreover add the outlay involved in doing this and strategies involved in lowering your marketing expenditure and how your marketing strategy can target your clients better. For instance if you are using Pay Per Click as a technique to go for Bingo clients you possibly will employ long tail keyword search phrases rather than succinct generic words. This should cut down your PPC expenses as well as laser targeting your customers; even though it will of course take longer to set up. Read more about marketing strategy.
Bingo Pricing Strategy
How 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 Strategy
What promotion strategies are you going to put into action to get the word out concerning your services and products to your likely 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 competition that you can exploit to your benefit? Are you able to keep your costs lower than your competition so that you are at all times the cheapest? Do you have a prime position? Are you the pioneer 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 going to have no website whatever 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 contemplate long and hard where your business is going to position itself. You can go and see this website and get more info regarding putting your Bingo business online.
Sales Strategy
How are you going to get sales for your Bingo business in the first place and how are you going to boost or sustain sales as time goes on? How much is every 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 encourage an affiliation with your clients to get yet to come sales from them? How are you going to check 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 Bingo business proposal to assist you.
Management Summary
Management Team
Who are the major protagonists in your company?
Bingo Organizational Structure
What is the structure of your business - who is in charge of each department in your company?
Personnel Plan
This ought to be a roll of every person in your business, how much they get 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.
Bingo Financial Plan
Will you supply all your own funding or will it be a blend of your capital, bank loans, or angel investors? Do you need help in writing your financial plan?
Bingo 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 a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Bingo Profit and Loss
You can embody 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.
Bingo Cash Flow
You should have tables and charts to present your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to involve all your important 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 Bingo Business?
Bingo Business Plan Page 1 | Bingo Business Plan Page 2
Useful Bingo Resources
Bingo Marketing Plan | Bingo Equipment | Bingo Online
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