 |
 |
|
|
 |
Strategy and Implementation Summary
What is your general stratagem to make your business a winner and how will you realize this?
Music Festival Marketing Strategy
What are the authentic ways you are going to use in order to promote your Music Festival business to your present and would-be clients. You can as well add the costs involved in doing this and strategies involved in lowering your marketing outlay and how your marketing strategy can seek out your patrons better. For instance if you are using Pay Per Click as a procedure to go for Music Festival patrons you possibly will use long tail keyword search phrases significantly than succinct generic words. This should condense your PPC overheads as well as laser targeting your customers; even though it will of course take longer to set up. Read more about marketing strategy.
Music Festival 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 employ to get the sound out concerning your services and products to your likely 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 over your opposition that you can exploit to your advantage? Are you capable of keeping your outlay lower than your opposition so that you are always the cheapest? Do you have a premier place? Are you the first or the only one to supply a product or service? Are you capable of staying in front of the opposition and if so what enables you to do this? Do you have a good identifying mark, 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 business is going to position itself. You can pay a quick visit to this website and get more information about putting your Music Festival business online.
Sales Strategy
How are you going to acquire sales for your Music Festival business in the first place and how are you going to intensify or maintain sales as time goes on? How much are your sales going to cost you? Make sure you know what questions to ask of your prospective patrons and know the answers to likely questions they will ask you. How are you going to build up a bond with your patrons to get prospective sales from them? How are you going to scrutinize 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 Music Festival business proposal to assist you.
Management Summary
Management Team
Who are the focal protagonists in your company?
Music Festival Organizational Structure
What is the structure of your business - who is in charge of each department inside your business?
Personnel Plan
This ought to be a list 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, long and short term and whether that is expected to change in the future or not.
Music Festival Financial Plan
Will you bring all your own funding or will it be a combination of your capital, bank loans, or angel investors? Do you need help in writing your financial plan?
Music Festival 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.
Music Festival Profit and Loss
You can embody this usually 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.
Music Festival 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 comprise all your necessary 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 should only be given to impending investors.
Exit Strategy
How exactly are you going to sell your Music Festival Business?
Music Festival Business Plan Page 1 | Music Festival Business Plan Page 2
Useful Music Festival Resources
Music Festival Marketing Plan | Music Festival Equipment | Music Festival Online
Find a different business plan...