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Strategy and Implementation Summary
What is your universal strategy to make your business a success and how will you accomplish this?
Musical Instrument Rental Store Marketing Strategy
What are the genuine methods you are going to exercise in order to promote your Musical Instrument Rental Store business to your existing and possible customers. You can also add the expenses involved in doing this and strategies involved in lowering your marketing expenses and how your marketing strategy can seek out your patrons better. For instance if you are using Pay Per Click as a structure to go for Musical Instrument Rental Store patrons you could employ long tail keyword search phrases preferably than short generic words. This ought to trim down your PPC overheads as well as laser targeting your patrons; even though it will of course take longer to set up. Read more about marketing strategy.
Musical Instrument Rental Store 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 operation to get the sound out about your services and products to your potential 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 above your competitors 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 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 class, trademarks, patents or a licence?
Web Strategy
Are you going to have no website 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 think long and hard where your company is going to position itself. You can go and see this website and get more information regarding putting your Musical Instrument Rental Store business online.
Sales Strategy
How are you going to pick up sales for your Musical Instrument Rental Store business in the first place and how are you going to build up or uphold sales as time goes on? How much is every sale going to cost you? Make definite 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 make an association with your patrons to get yet to come 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 Musical Instrument Rental Store business proposal to assist you.
Management Summary
Management Team
Who are the major players in your business?
Musical Instrument Rental Store Organizational Structure
What is the hierarchy of your business - who is the manager of each division inside your organization?
Personnel Plan
This should be a listing of everybody in your business, their payment 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.
Musical Instrument Rental Store Financial Plan
Will you contribute all your own funding or will it be a fusion of your funds, bank loans, or angel investors? Do you need help in writing your financial plan?
Musical Instrument Rental Store Break Even Analysis
How long will it take to get your capital investment back through sales of your services and products. You ought to represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Musical Instrument Rental Store Profit and Loss
You can denote this usually in the form of a monthly and yearly bar chart as well as tables. Obviously 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.
Musical Instrument Rental Store Cash Flow
You should have tables and charts to demonstrate your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to comprise all your crucial information 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 ought to only be given to probable investors.
Exit Strategy
How exactly are you going to sell your Musical Instrument Rental Store Business?
Musical Instrument Rental Store Business Plan Page 1 | Musical Instrument Rental Store Business Plan Page 2
Useful Musical Instrument Rental Store Resources
Musical Instrument Rental Store Marketing Plan | Musical Instrument Rental Store Equipment | Musical Instrument Rental Store Online
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