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Strategy and Implementation SummaryWhat is your universal stratagem to make your business a success and how will you go about this? Electronic Engineering Marketing StrategyWhat are the real ways you are going to employ in order to market your Electronic Engineering business to your existing and potential customers. You can furthermore add the expenditure involved in doing this and strategies involved in lowering your marketing expenses and how your marketing strategy can target your patrons better. For instance if you are using PPC as a way to go for Electronic Engineering customers you might employ long tail keyword search phrases preferably than short generic words. This should diminish your Pay Per Click expenses as well as laser targeting your clients; although it will of course take longer to set up. Read more about marketing strategy. Electronic Engineering Pricing StrategyHow 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 StrategyWhat promotion strategies are you going to put into service to get the word out about your products and services to your potential clients - are you going to do media releases, run events, networking, sales pitches, follow-ups, have promotional products? Business Competitive EdgeDo you have some advantage over your competition that you can exploit to your gain? Are you able to keep your expenses lower than your rivals so that you are continually the cheapest? Do you have a prime locality? Are you the first or the only one to supply a product or service? Are you capable of staying ahead of the competition and if so what enables you to do this? Do you have a good identifying mark, trademarks, patents or a licence? Web StrategyAre you going to have no website whatever or an all singing and dancing website with bells and whistles on? In most case it's going to be something in-between these two, and you need to reason long and hard where your company is going to position itself. You can pay a quick visit to this website and get more info on the subject of putting your Electronic Engineering business online. Sales StrategyHow are you going to get sales for your Electronic Engineering business in the first place and how are you going to boost or preserve sales as time goes on? How much are your sales going to cost you? Make definite you know what questions to ask of your prospective clients and know the answers to likely questions they will ask you. How are you going to build a relationship with your clients 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 Electronic Engineering business proposal to assist you. Management SummaryManagement TeamWho are the focal players in your company? Electronic Engineering Organizational StructureWhat is the hierarchy of your business - who is the manager of every division within your organization? Personnel PlanThis should be a listing of everybody in your company, how much they get 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 alter in the future or not. Electronic Engineering Financial PlanWill you contribute all your own funding or will it be an assortment of your wealth, bank loans, or angel investors? Do you need help in writing your financial plan? Electronic Engineering Break Even AnalysisHow long will it take to get your capital investment back through sales of your products and services. You should represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples. Electronic Engineering Profit and LossYou can represent profit and loss in the form of a monthly and yearly bar chart as well as tables. Obviously 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. Electronic Engineering Cash FlowYou ought to have charts and tables to illustrate your cash balance and your net cash flow. Download a free cash flowspreadheet. AppendixThis ought to contain all your important 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 impending investors. Exit StrategyHow exactly are you going to sell your Electronic Engineering Business?
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