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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 accomplish this?
Glove Store Marketing Strategy
What are the definite ways you are going to use in order to promote your Glove Store business to your existing and likely customers. You can as well add the costs involved in doing this and strategies involved in reducing your marketing expenditure and how your marketing strategy can target your customers better. For instance if you are using PPC as a strategy to target Glove Store customers you may well draw on long tail keyword search phrases significantly than short generic words. This should cut down your PPC costs as well as laser targeting your patrons; although it will of course take longer to set up. Read more about marketing strategy.
Glove Store Pricing Strategy
What strategy did you use to get your selling 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 put into service to get the sound out as regards your products and services to your likely clients - are you going to do media releases, hold events, networking, sales pitches, follow-ups, have promotional products?
Business Competitive Edge
Do you have some benefits above your competition that you can exploit to your advantage? Are you able to keep your overheads lower than your opposition so that you are constantly the cheapest? Do you have a prime locality? Are you the pioneer or the only one to supply a product or service? Are you capable of staying in front of the competition and if so what enables you to do this? Do you have a good identification, 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 consider long and hard where your company is going to position itself. You can pay a quick visit to this website and get more info concerning putting your Glove Store business online.
Sales Strategy
How are you going to acquire sales for your Glove Store business in the first place and how are you going to expand or maintain sales as time goes on? How much are your sales going to cost you? Make certain you know what questions to ask of your likely patrons and know the answers to likely questions they will ask you. How are you going to construct an association with your customers to get prospective 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 Glove Store business proposal to assist you.
Management Summary
Management Team
Who are the core players in your business?
Glove Store Organizational Structure
What is the hierarchy of your business - who is the manager of each division in your company?
Personnel Plan
This ought to be a register of each person 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, short and long term and whether that is expected to alter in the future or not.
Glove Store Financial Plan
Will you deliver all your own funding or will it be an assortment of your funds, bank loans, or angel investors? Do you need help in writing your financial plan?
Glove Store Break Even Analysis
How long will it take to get your capital investment back by means of sales of your products and services. You ought to represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Glove Store 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 should be revised as your business goes along on a monthly base. You can obtain a free profit and loss spreadsheet to assist you.
Glove Store Cash Flow
You ought to have charts and tables to reveal your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should contain all your chief information 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 should only be given to would-be investors.
Exit Strategy
How exactly are you going to sell your Glove Store Business?
Glove Store Business Plan Page 1 | Glove Store Business Plan Page 2
Useful Glove Store Resources
Glove Store Marketing Plan | Glove Store Equipment | Glove Store Online
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