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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?
Forge Welding Marketing Strategy
What are the definite methods you are going to draw on in order to market your Forge Welding business to your present and impending patrons. 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 Pay Per Click as a system to target Forge Welding clients you may well use long tail keyword search phrases considerably than succinct generic words. This ought to cut 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.
Forge Welding 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 instigate to get the sound out about your products and services to your likely clients - are you going to do media releases, run 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 able to keep your outlay lower than your competitors so that you are continually the cheapest? Do you have a premier site? Are you the originator or the only one to supply a service or product? Are you capable of staying in front of the opposition and if so what enables you to do this? Do you have a good make, 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 business is going to position itself. You can pay a quick visit to this website and get more information concerning putting your Forge Welding business online.
Sales Strategy
How are you going to pick up sales for your Forge Welding business in the first place and how are you going to increase or sustain sales as time goes on? How much are your sales going to cost you? Make definite you know what questions to ask of your potential patrons and know the answers to likely questions they will ask you. How are you going to foster an association with your clients to get future 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 Forge Welding business proposal to assist you.
Management Summary
Management Team
Who are the major players in your business?
Forge Welding Organizational Structure
What is the structure of your company - who is the manager of each division inside your company?
Personnel Plan
This ought to be a roll of every person in your business, their pay 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.
Forge Welding Financial Plan
Will you contribute all your own funding or will it be a combination of your cash, bank loans, or angel investors? Do you need help in writing your financial plan?
Forge Welding Break Even Analysis
How long will it take to get your investments back in terms of capital outlay by means of 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.
Forge Welding Profit and Loss
You can represent profit and loss in the form of a monthly and yearly bar chart as well as tables. Clearly 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.
Forge Welding 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 should add in 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 should only be given to likely investors.
Exit Strategy
How exactly are you going to sell your Forge Welding Business?
Forge Welding Business Plan Page 1 | Forge Welding Business Plan Page 2
Useful Forge Welding Resources
Forge Welding Marketing Plan | Forge Welding Equipment | Forge Welding Online
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