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Strategy and Implementation SummaryWhat is your general line of attack to make your business a success and how will you go about this? Musician Marketing StrategyWhat are the actual methods you are going to employ in order to market your Musician business to your present and would-be patrons. You can as well add the costs involved in doing this and strategies involved in lowering your marketing costs and how your marketing strategy can target your clients better. For instance if you are using Pay Per Click as a strategy to target Musician patrons you may well employ long tail keyword search phrases significantly than succinct generic words. This ought to trim down your PPC costs as well as laser targeting your customers; although it will of course take longer to set up. Read more about marketing strategy. Musician Pricing StrategyHow 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 StrategyWhat promotion strategies are you going to put into practice to get the sound out regarding your services and products to your likely customers - are you going to do media releases, run events, networking, sales pitches, follow-ups, have promotional products? Business Competitive EdgeDo you have some benefits over your rivalry that you can exploit to your gain? Are you capable of keeping your costs lower than your rivals so that you are at all times the cheapest? Do you have a superlative position? Are you the original or the only one to supply a service or product? Are you able to stay 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 StrategyAre 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 need to consider long and hard where your business is going to position itself. You can pay a visit to this website and get more info in relation to putting your Musician business online. Sales StrategyHow are you going to get sales for your Musician 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 sure you know what questions to ask of your likely customers and know the answers to likely questions they will ask you. How are you going to construct a bond with your customers to get prospective 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 Musician business proposal to assist you. Management SummaryManagement TeamWho are the focal players in your business? Musician Organizational StructureWhat is the structure of your company - who is in charge of each division within your company? Personnel PlanThis should be a record of everybody in your company, 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, long and short term and whether that is prone to change in the future or not. Musician Financial PlanWill you contribute all your own funding or will it be a combination of your cash, bank loans, or angel investors? Do you need help in writing your financial plan? Musician Break Even AnalysisHow 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. Musician Profit and LossYou can denote profit and loss in the form of a monthly and yearly bar chart as well as tables. Obviously 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. Musician Cash FlowYou should have charts and tables to exhibit your cash balance and your net cash flow. Download a free cash flowspreadheet. AppendixThis should consist of all your vital info 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 impending investors. Exit StrategyHow exactly are you going to sell your Musician Business?
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