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Strategy and Implementation Summary
What is your common strategy to make your business a winner and how will you achieve this?
Music Theatre Marketing Strategy
What are the tangible methods you are going to employ in order to market your Music Theatre business to your present and would-be customers. You can additionally add the outlay involved in doing this and strategies involved in lowering your marketing outlay and how your marketing strategy can target your patrons better. For example if you are using PPC as a way to go for Music Theatre customers you could employ long tail keyword search phrases considerably than succinct generic words. This should diminish your Pay Per Click expenditure as well as laser targeting your patrons; although it will of course take longer to set up. Read more about marketing strategy.
Music Theatre 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 operation to get the sound out about your services and products 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 over your rivals that you can exploit to your benefit? Are you able to keep your expenditure lower than your competition so that you are at all times the cheapest? Do you have a first-rate site? Are you the originator or the only one to supply a product or service? Are you able to stay in front of the competition 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 case it's going to be something in-between these two, and you need to reason long and hard where your company is going to position itself. You can pay a quick visit to this website and get more information about putting your Music Theatre business online.
Sales Strategy
How are you going to pick up sales for your Music Theatre business in the first place and how are you going to expand or uphold sales as time goes on? How much is each sale going to cost you? Make sure you know what questions to ask of your would-be patrons and know the answers to likely questions they will ask you. How are you going to construct a bond with your patrons to get future 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 Music Theatre business proposal to assist you.
Management Summary
Management Team
Who are the most important protagonists in your business?
Music Theatre Organizational Structure
What is the structure of your business - who is the manager of each department inside your company?
Personnel Plan
This should be a roll of every person in your business, how much they are 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 liable to alter in the future or not.
Music Theatre Financial Plan
Will you contribute all your own funding or will it be a mixture of your wealth, bank loans, or angel investors? Do you need help in writing your financial plan?
Music Theatre Break Even Analysis
How long will it take to get your capital investment back by means of sales of your services and products. You should represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Music Theatre Profit and Loss
You can represent 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 base. You can obtain a free profit and loss spreadsheet to assist you.
Music Theatre Cash Flow
You should have tables and charts to reveal your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to comprise all your necessary 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 probable investors.
Exit Strategy
How exactly are you going to sell your Music Theatre Business?
Music Theatre Business Plan Page 1 | Music Theatre Business Plan Page 2
Useful Music Theatre Resources
Music Theatre Marketing Plan | Music Theatre Equipment | Music Theatre Online
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