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Strategy and Implementation Summary
What is your universal stratagem to make your business a winner and how will you attain this?
Magic Shop Marketing Strategy
What are the real methods you are going to draw on in order to market your Magic Shop business to your existing and would-be clients. You can furthermore add the overheads involved in doing this and strategies involved in reducing your marketing expenses and how your marketing strategy can seek out your patrons better. For example if you are using PPC as a means to go for Magic Shop clients you might use long tail keyword search phrases considerably than succinct generic words. This should lower your PPC expenditure as well as laser targeting your clients; though it will of course take longer to set up. Read more about marketing strategy.
Magic Shop 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 execute to get the sound out concerning your services and products to your would-be patrons - 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 above your rivals that you can exploit to your benefit? Are you able to keep your costs lower than your rivals so that you are continuously the cheapest? Do you have a premier site? Are you the first or the only one to provide a service or product? Are you able to stay ahead of the opposition and if so what enables you to do this? Do you have a good class, 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 scenarios it's going to be something in-between these two, and you need 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 as regards putting your Magic Shop business online.
Sales Strategy
How are you going to acquire sales for your Magic Shop business in the first place and how are you going to grow or uphold sales as time goes on? How much is each sale going to cost you? Make certain you know what questions to ask of your budding patrons and know the answers to likely questions they will ask you. How are you going to construct a relationship with your clients to get yet to come 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 Magic Shop business proposal to assist you.
Management Summary
Management Team
Who are the core players in your business?
Magic Shop Organizational Structure
What is the structure of your business - who is in charge of every division within your business?
Personnel Plan
This ought to be a roll of every 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, long and short term and whether that is expected to alter in the future or not.
Magic Shop Financial Plan
Will you bring in all your own funding or will it be a mixture of your capital, bank loans, or angel investors? Do you need help in writing your financial plan?
Magic Shop 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 graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Magic Shop 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 base. You can obtain a free profit and loss spreadsheet to assist you.
Magic Shop Cash Flow
You should have charts and tables to reveal your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should include all your important 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 would-be investors.
Exit Strategy
How exactly are you going to sell your Magic Shop Business?
Magic Shop Business Plan Page 1 | Magic Shop Business Plan Page 2
Useful Magic Shop Resources
Magic Shop Marketing Plan | Magic Shop Equipment | Magic Shop Online
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