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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 realize this?
Islamic Retail Marketing Strategy
What are the genuine methods you are going to use in order to promote your Islamic Retail business to your present and possible customers. You can furthermore add the overheads involved in doing this and strategies involved in reducing your marketing expenditure and how your marketing strategy can seek out your clients better. For instance if you are using Pay Per Click as a strategy to go for Islamic Retail patrons you might employ long tail keyword search phrases preferably than succinct generic words. This should reduce your Pay Per Click outlay as well as laser targeting your clients; though it will of course take longer to set up. Read more about marketing strategy.
Islamic Retail 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 put into service to get the word out about 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 benefit? Are you capable of keeping your costs lower than your competitors so that you are always the cheapest? Do you have a superior position? Are you the first or the only one to provide a product or service? Are you able to stay ahead 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 going to have no website whatever or an all singing and dancing website with bells and whistles on? In most scenarios it's going to be something in-between these two, and you ought to contemplate long and hard where your company is going to position itself. You can pay a visit to this website and get more info as regards putting your Islamic Retail business online.
Sales Strategy
How are you going to generate sales for your Islamic Retail business in the first place and how are you going to build up or sustain sales as time goes on? How much are your sales going to cost you? Make certain you know what questions to ask of your would-be clients and know the answers to likely questions they will ask you. How are you going to shape 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 Islamic Retail business proposal to assist you.
Management Summary
Management Team
Who are the core protagonists in your company?
Islamic Retail Organizational Structure
What is the structure of your business - who is in charge of every division in your organization?
Personnel Plan
This should be a record of everybody 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, short and long term and whether that is likely to change in the future or not.
Islamic Retail Financial Plan
Will you supply all your own funding or will it be a blend of your capital, bank loans, or angel investors? Do you need help in writing your financial plan?
Islamic Retail 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.
Islamic Retail Profit and Loss
You can embody this usually in the form of a monthly and yearly bar chart as well as tables. Clearly 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.
Islamic Retail Cash Flow
You ought to have tables and charts to display your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to consist of all your crucial information 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 Strategy
How exactly are you going to sell your Islamic Retail Business?
Islamic Retail Business Plan Page 1 | Islamic Retail Business Plan Page 2
Useful Islamic Retail Resources
Islamic Retail Marketing Plan | Islamic Retail Equipment | Islamic Retail Online
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