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Strategy and Implementation Summary
What is your general line of attack to make your business a success and how will you achieve this?
Furniture Repair Service Marketing Strategy
What are the real methods you are going to exercise in order to market your Furniture Repair Service business to your present and likely customers. You can also add the expenditure involved in doing this and strategies involved in lowering your marketing expenditure and how your marketing strategy can target your clients better. For instance if you are using PPC as a strategy to go for Furniture Repair Service customers you could use long tail keyword search phrases to a certain extent than short generic words. This should cut down your Pay Per Click costs as well as laser targeting your clients; although it will of course take longer to set up. Read more about marketing strategy.
Furniture Repair Service Pricing Strategy
How 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 Strategy
What promotion strategies are you going to execute to get the sound out about your services and products to your possible customers - 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 benefit? Are you capable of keeping your expenditure lower than your rivals so that you are always the cheapest? Do you have a premier position? Are you the first or the only one to supply a service or product? Are you able to stay ahead of the competition 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 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 contemplate long and hard where your business is going to position itself. You can pay a visit to this website and get more information as regards putting your Furniture Repair Service business online.
Sales Strategy
How are you going to pick up sales for your Furniture Repair Service business in the first place and how are you going to grow 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 likely customers and know the answers to likely questions they will ask you. How are you going to make a connection 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 Furniture Repair Service business proposal to assist you.
Management Summary
Management Team
Who are the most important protagonists in your business?
Furniture Repair Service Organizational Structure
What is the structure of your business - who is the manager of every department within your company?
Personnel Plan
This should be a directory of everyone in your business, their salary 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.
Furniture Repair Service 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?
Furniture Repair Service 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.
Furniture Repair Service Profit and Loss
You can denote this usually 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.
Furniture Repair Service Cash Flow
You ought to have charts and tables to present your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to include all your chief info which makes your business tick. 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 ought to only be given to likely investors.
Exit Strategy
How exactly are you going to sell your Furniture Repair Service Business?
Furniture Repair Service Business Plan Page 1 | Furniture Repair Service Business Plan Page 2
Useful Furniture Repair Service Resources
Furniture Repair Service Marketing Plan | Furniture Repair Service Equipment | Furniture Repair Service Online
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