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Strategy and Implementation Summary
What is your general approach to make your business a winner and how will you achieve this?
Clothing Alterations Store Marketing Strategy
What are the real ways you are going to employ in order to market your Clothing Alterations Store business to your existing and probable patrons. You can furthermore add the outlay involved in doing this and strategies involved in reducing your marketing expenditure and how your marketing strategy can target your clients better. For instance if you are using Pay Per Click as a means to target Clothing Alterations Store patrons you may perhaps draw on long tail keyword search phrases considerably than short generic words. This should bring down your PPC costs as well as laser targeting your clients; although it will of course take longer to set up. Read more about marketing strategy.
Clothing Alterations Store 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 instigate to get the sound out as regards your products and services to your potential patrons - 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 competition that you can exploit to your advantage? Are you capable of keeping your outlay lower than your opposition so that you are constantly the cheapest? Do you have a superior place? Are you the original or the only one to supply a product or service? Are you able to stay ahead of the competition and if so what enables you to do this? Do you have a good name, 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 is going to be something in-between these two, and you ought to contemplate long and hard where your company is going to position itself. You can visit this website and get more info in relation to putting your Clothing Alterations Store business online.
Sales Strategy
How are you going to acquire sales for your Clothing Alterations Store 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 likely customers and know the answers to likely questions they will ask you. How are you going to foster a relationship with your clients to get yet to come 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 Clothing Alterations Store business proposal to assist you.
Management Summary
Management Team
Who are the main players in your business?
Clothing Alterations Store Organizational Structure
What is the structure of your company - who is the manager of each division within your organization?
Personnel Plan
This should be a directory of each person 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, long and short term and whether that is likely to change in the future or not.
Clothing Alterations Store Financial Plan
Will you contribute all your own funding or will it be an assortment of your cash, bank loans, or angel investors? Do you need help in writing your financial plan?
Clothing Alterations Store Break Even Analysis
How long will it take to get your capital investment back by means of sales of your products and services. You ought to represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Clothing Alterations Store Profit and Loss
You can denote 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 base. You can obtain a free profit and loss spreadsheet to assist you.
Clothing Alterations Store Cash Flow
You ought to have tables and charts to illustrate your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to include all your fundamental information 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 Clothing Alterations Store Business?
Clothing Alterations Store Business Plan Page 1 | Clothing Alterations Store Business Plan Page 2
Useful Clothing Alterations Store Resources
Clothing Alterations Store Marketing Plan | Clothing Alterations Store Equipment | Clothing Alterations Store Online
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