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Strategy and Implementation Summary
What is your common strategy to make your business a success and how will you achieve this?
Chinese Medicine Marketing Strategy
What are the definite ways you are going to draw on in order to market your Chinese Medicine business to your present and likely patrons. You can also add the costs involved in doing this and strategies involved in reducing your marketing expenses and how your marketing strategy can seek out your patrons better. For example if you are using Pay Per Click as a method to go for Chinese Medicine patrons you might employ long tail keyword search phrases to a certain extent than succinct generic words. This ought to lessen your PPC costs as well as laser targeting your customers; even though it will of course take longer to set up. Read more about marketing strategy.
Chinese Medicine 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 as regards your products and services 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 advantage over your rivalry that you can exploit to your gain? Are you able to keep your expenditure lower than your competition so that you are continuously the cheapest? Do you have a superior locality? Are you the original or the only one to supply a service or product? Are you capable of staying ahead of the competition and if so what enables you to do this? Do you have a good class, 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 pay a visit to this website and get more info as regards putting your Chinese Medicine business online.
Sales Strategy
How are you going to pick up sales for your Chinese Medicine business in the first place and how are you going to grow or maintain sales as time goes on? How much is every 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 up a connection with your clients to get future 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 Chinese Medicine business proposal to assist you.
Management Summary
Management Team
Who are the central protagonists in your business?
Chinese Medicine Organizational Structure
What is the structure of your company - who is the manager of every division inside your business?
Personnel Plan
This ought to be a roll of everybody in your company, 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, short and long term and whether that is liable to alter in the future or not.
Chinese Medicine Financial Plan
Will you bring in all your own funding or will it be an assortment of your capital, bank loans, or angel investors? Do you need help in writing your financial plan?
Chinese Medicine Break Even Analysis
How long will it take to get your investments back in terms of capital outlay by means of sales of your services and products. You ought to represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Chinese Medicine Profit and Loss
You can denote this usually in the form of a monthly and yearly bar chart as well as tables. Clearly 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.
Chinese Medicine Cash Flow
You should have tables and charts to exhibit your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to add in all your key info which makes your business tick. 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 probable investors.
Exit Strategy
How exactly are you going to sell your Chinese Medicine Business?
Chinese Medicine Business Plan Page 1 | Chinese Medicine Business Plan Page 2
Useful Chinese Medicine Resources
Chinese Medicine Marketing Plan | Chinese Medicine Equipment | Chinese Medicine Online
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