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Strategy and Implementation Summary
What is your common line of attack to make your business a success and how will you accomplish this?
Music Teacher Marketing Strategy
What are the real ways you are going to draw on in order to promote your Music Teacher business to your existing and impending clients. You can also add the outlay involved in doing this and strategies involved in lowering your marketing expenses and how your marketing strategy can seek out your customers better. For instance if you are using Pay Per Click as a structure to target Music Teacher customers you may employ long tail keyword search phrases to a certain extent than succinct generic words. This should condense your PPC costs as well as laser targeting your customers; even though it will of course take longer to set up. Read more about marketing strategy.
Music Teacher Pricing Strategy
How did you work out your price points 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 regarding 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 over your rivalry that you can exploit to your advantage? Are you capable of keeping your outlay lower than your opposition so that you are constantly the cheapest? Do you have a prime place? Are you the originator or the only one to provide a product or service? Are you capable of staying ahead of the competition 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 is going to be something in-between these two, and you need to consider long and hard where your business is going to position itself. You can go and see this website and get more information in relation to putting your Music Teacher business online.
Sales Strategy
How are you going to generate sales for your Music Teacher business in the first place and how are you going to boost or preserve sales as time goes on? How much is each sale going to cost you? Make definite 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 build an affiliation with your patrons to get future 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 Teacher business proposal to assist you.
Management Summary
Management Team
Who are the major protagonists in your business?
Music Teacher Organizational Structure
What is the hierarchy of your business - who is in charge of every division inside your organization?
Personnel Plan
This should be a directory 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 apt to alter in the future or not.
Music Teacher Financial Plan
Will you provide 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?
Music Teacher Break Even Analysis
How long will it take to get your investments back in terms of capital outlay by means of sales of your services and products. You ought to represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Music Teacher Profit and Loss
You can denote this usually in the form of a monthly and yearly bar chart as well as tables. Observably these ought to be revised as your business goes along on a monthly basis. You can obtain a free profit and loss spreadsheet to assist you.
Music Teacher Cash Flow
You should have tables and charts to illustrate your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should consist of all your essential information which makes your business operate efficiently. 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 potential investors.
Exit Strategy
How exactly are you going to sell your Music Teacher Business?
Music Teacher Business Plan Page 1 | Music Teacher Business Plan Page 2
Useful Music Teacher Resources
Music Teacher Marketing Plan | Music Teacher Equipment | Music Teacher Online
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