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Strategy and Implementation Summary
What is your universal approach to make your business a success and how will you realize this?
Musical Instrument Repair Shop Marketing Strategy
What are the concrete ways you are going to employ in order to market your Musical Instrument Repair Shop business to your present and impending customers. You can in addition add the expenditure involved in doing this and strategies involved in reducing your marketing overheads and how your marketing strategy can target your clients better. For example if you are using Pay Per Click as a structure to target Musical Instrument Repair Shop clients you may employ long tail keyword search phrases rather than short generic words. This should slash 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.
Musical Instrument Repair 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 implement to get the sound out about your products and services to your potential customers - 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 competitors that you can exploit to your gain? Are you able to keep your expenditure lower than your competitors so that you are always the cheapest? Do you have a superior place? Are you the original or the only one to supply a service or product? Are you able to stay in front of the rivalry and if so what enables you to do this? Do you have a good make, 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 ought to think long and hard where your business is going to position itself. You can go and see this website and get more info on the subject of putting your Musical Instrument Repair Shop business online.
Sales Strategy
How are you going to acquire sales for your Musical Instrument Repair Shop business in the first place and how are you going to boost or sustain sales as time goes on? How much is every sale going to cost you? Make certain you know what questions to ask of your would-be clients and know the answers to likely questions they will ask you. How are you going to construct an association with your clients 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 Musical Instrument Repair Shop business proposal to assist you.
Management Summary
Management Team
Who are the core players in your business?
Musical Instrument Repair Shop Organizational Structure
What is the hierarchy of your company - who is in charge of each division inside your business?
Personnel Plan
This ought to be a listing of each person in your business, 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 liable to alter in the future or not.
Musical Instrument Repair Shop Financial Plan
Will you deliver all your own funding or will it be a fusion of your cash, bank loans, or angel investors? Do you need help in writing your financial plan?
Musical Instrument Repair Shop Break Even Analysis
How long will it take to get your capital investment back through 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.
Musical Instrument Repair 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 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 Repair Shop Cash Flow
You should have charts and tables to illustrate your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should bring in all your central 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 should only be given to potential investors.
Exit Strategy
How exactly are you going to sell your Musical Instrument Repair Shop Business?
Musical Instrument Repair Shop Business Plan Page 1 | Musical Instrument Repair Shop Business Plan Page 2
Useful Musical Instrument Repair Shop Resources
Musical Instrument Repair Shop Marketing Plan | Musical Instrument Repair Shop Equipment | Musical Instrument Repair Shop Online
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