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Strategy and Implementation Summary
What is your universal line of attack to make your business a success and how will you complete this?
Friction Welding Marketing Strategy
What are the tangible methods you are going to draw on in order to promote your Friction Welding business to your present and would-be customers. You can also add the outlay involved in doing this and strategies involved in reducing your marketing overheads and how your marketing strategy can target your patrons better. For instance if you are using Pay Per Click as a technique to go for Friction Welding patrons you may use long tail keyword search phrases to a certain extent than short generic words. This ought to cut down your PPC expenditure as well as laser targeting your patrons; although it will of course take longer to set up. Read more about marketing strategy.
Friction 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 put into action to get the word out as regards your products and services to your possible patrons - 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 competitors that you can exploit to your advantage? Are you able to keep your expenditure lower than your competitors so that you are continuously the cheapest? Do you have a premier position? Are you the pioneer or the only one to provide a service or product? Are you able to stay in front 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 just going to have nothing 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 ought to reason long and hard where your business is going to position itself. You can go and see this website and get more info about putting your Friction Welding business online.
Sales Strategy
How are you going to get sales for your Friction Welding business in the first place and how are you going to build up or sustain sales as time goes on? How much is every sale going to cost you? Make definite you know what questions to ask of your possible clients and know the answers to likely questions they will ask you. How are you going to create a relationship with your clients to get yet to come 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 Friction Welding business proposal to assist you.
Management Summary
Management Team
Who are the key protagonists in your company?
Friction Welding Organizational Structure
What is the structure of your business - who is in charge of each department inside your organization?
Personnel Plan
This ought to be a roll of every person in your company, 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, short and long term and whether that is apt to alter in the future or not.
Friction Welding Financial Plan
Will you supply all your own funding or will it be a mix of your money, bank loans, or angel investors? Do you need help in writing your financial plan?
Friction Welding Break Even Analysis
How long will it take to get your investments back in terms of capital outlay 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.
Friction Welding Profit and Loss
You can embody profit and loss 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.
Friction Welding Cash Flow
You should have charts and tables to explain your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should involve all your vital information 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 potential investors.
Exit Strategy
How exactly are you going to sell your Friction Welding Business?
Friction Welding Business Plan Page 1 | Friction Welding Business Plan Page 2
Useful Friction Welding Resources
Friction Welding Marketing Plan | Friction Welding Equipment | Friction Welding Online
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