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Strategy and Implementation Summary
What is your general approach to make your business a winner and how will you go about this?
Electrical Engineer Marketing Strategy
What are the tangible methods you are going to draw on in order to market your Electrical Engineer business to your present and would-be clients. You can also add the expenses involved in doing this and strategies involved in lowering your marketing overheads and how your marketing strategy can target your clients better. For example if you are using Pay Per Click as a way to target Electrical Engineer customers you possibly will draw on long tail keyword search phrases significantly than short generic words. This ought to condense your Pay Per Click overheads as well as laser targeting your customers; although it will of course take longer to set up. Read more about marketing strategy.
Electrical Engineer Pricing Strategy
What policy did you use to get your selling 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 practice to get the sound out as regards your products and services to your possible customers - 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 benefit? Are you capable of keeping your overheads lower than your rivals so that you are constantly the cheapest? Do you have a superior locality? Are you the first or the only one to provide a product or service? Are you able to stay ahead of the opposition and if so what enables you to do this? Do you have a good class, 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 scenarios it is 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 visit this website and get more info concerning putting your Electrical Engineer business online.
Sales Strategy
How are you going to acquire sales for your Electrical Engineer business in the first place and how are you going to build up or preserve sales as time goes on? How much is every sale going to cost you? Make sure you know what questions to ask of your budding customers and know the answers to likely questions they will ask you. How are you going to shape a relationship with your customers to get yet to come sales from them? How are you going to scrutinize 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 Electrical Engineer business proposal to assist you.
Management Summary
Management Team
Who are the chief protagonists in your company?
Electrical Engineer Organizational Structure
What is the structure of your business - who is the manager of each department within your company?
Personnel Plan
This ought to be a roll of everybody 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 apt to change in the future or not.
Electrical Engineer Financial Plan
Will you bring in 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?
Electrical Engineer Break Even Analysis
How long will it take to get your investments back in terms of capital outlay through sales of your services and products. You ought to represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Electrical Engineer Profit and Loss
You can embody profit and loss in the form of a monthly and yearly bar chart as well as tables. Obviously 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.
Electrical Engineer 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 should embrace all your necessary info 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 probable investors.
Exit Strategy
How exactly are you going to sell your Electrical Engineer Business?
Electrical Engineer Business Plan Page 1 | Electrical Engineer Business Plan Page 2
Useful Electrical Engineer Resources
Electrical Engineer Marketing Plan | Electrical Engineer Equipment | Electrical Engineer Online
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