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Strategy and Implementation Summary
What is your universal approach to make your business a success and how will you achieve this?
Electric Grill Shop Marketing Strategy
What are the actual methods you are going to use in order to market your Electric Grill Shop business to your present and possible clients. You can moreover add the expenditure involved in doing this and strategies involved in reducing your marketing costs and how your marketing strategy can target your customers better. For example if you are using PPC as a strategy to go for Electric Grill Shop clients you might draw on long tail keyword search phrases significantly than short generic words. This should decrease your Pay Per Click overheads as well as laser targeting your patrons; although it will of course take longer to set up. Read more about marketing strategy.
Electric Grill Shop Pricing Strategy
How have you arrived at your 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 put into operation to get the word out concerning 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 above your rivalry that you can exploit to your benefit? Are you able to keep your expenditure lower than your competitors so that you are constantly the cheapest? Do you have a superlative site? Are you the pioneer or the only one to provide a service or product? Are you able to stay ahead of the competition 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's 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 information on the subject of putting your Electric Grill Shop business online.
Sales Strategy
How are you going to generate sales for your Electric Grill Shop business in the first place and how are you going to increase or maintain sales as time goes on? How much is each sale going to cost you? Make sure 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 an association with your clients to get prospective 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 Electric Grill Shop business proposal to assist you.
Management Summary
Management Team
Who are the major players in your company?
Electric Grill Shop Organizational Structure
What is the hierarchy of your company - who is the manager of each division in your business?
Personnel Plan
This should be a list of every person in your company, their wage 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 apt to change in the future or not.
Electric Grill Shop Financial Plan
Will you bring in all your own funding or will it be a fusion of your funds, bank loans, or angel investors? Do you need help in writing your financial plan?
Electric Grill Shop Break Even Analysis
How long will it take to get your capital investment back through 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.
Electric Grill Shop 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 ought to be revised as your business goes along on a monthly base. You can obtain a free profit and loss spreadsheet to assist you.
Electric Grill Shop Cash Flow
You should have charts and tables to show your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should involve all your key info 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 impending investors.
Exit Strategy
How exactly are you going to sell your Electric Grill Shop Business?
Electric Grill Shop Business Plan Page 1 | Electric Grill Shop Business Plan Page 2
Useful Electric Grill Shop Resources
Electric Grill Shop Marketing Plan | Electric Grill Shop Equipment | Electric Grill Shop Online
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