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Strategy and Implementation Summary
What is your general approach to make your business a success and how will you accomplish this?
Electric Tool Repair Shop Marketing Strategy
What are the real methods you are going to employ in order to market your Electric Tool Repair Shop business to your present and would-be patrons. You can furthermore add the outlay involved in doing this and strategies involved in lowering your marketing expenditure and how your marketing strategy can target your customers better. For example if you are using Pay Per Click as a structure to go for Electric Tool Repair Shop customers you might employ long tail keyword search phrases considerably than short generic words. This ought to bring down your Pay Per Click expenditure as well as laser targeting your patrons; although it will of course take longer to set up. Read more about marketing strategy.
Electric Tool Repair Shop Pricing Strategy
What strategy did you use to get your selling 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 employ to get the word out regarding your products and services to your possible patrons - 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 above your competitors that you can exploit to your advantage? Are you able to keep your costs lower than your opposition so that you are always the cheapest? Do you have a superlative locality? Are you the first or the only one to provide a product or service? Are you capable of staying ahead of the opposition 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 at all 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 need to think long and hard where your business is going to position itself. You can visit this website and get more information with reference to putting your Electric Tool Repair Shop business online.
Sales Strategy
How are you going to get sales for your Electric Tool Repair Shop business in the first place and how are you going to boost or uphold sales as time goes on? How much is every sale going to cost you? Make definite you know what questions to ask of your prospective customers and know the answers to likely questions they will ask you. How are you going to foster an affiliation with your patrons to get future 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 Electric Tool Repair Shop business proposal to assist you.
Management Summary
Management Team
Who are the main protagonists in your company?
Electric Tool Repair Shop Organizational Structure
What is the structure of your business - who is in charge of every division inside your organization?
Personnel Plan
This ought to be a register of each 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 likely to alter in the future or not.
Electric Tool Repair Shop Financial Plan
Will you bring 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?
Electric Tool Repair Shop Break Even Analysis
How long will it take to get your capital investment back through sales of your products and services. You ought to represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Electric Tool Repair Shop Profit and Loss
You can denote this usually 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.
Electric Tool Repair Shop Cash Flow
You ought to have charts and tables to explain your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to involve all your necessary information which makes your business tick. 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 likely investors.
Exit Strategy
How exactly are you going to sell your Electric Tool Repair Shop Business?
Electric Tool Repair Shop Business Plan Page 1 | Electric Tool Repair Shop Business Plan Page 2
Useful Electric Tool Repair Shop Resources
Electric Tool Repair Shop Marketing Plan | Electric Tool Repair Shop Equipment | Electric Tool Repair Shop Online
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