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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 attain this?
New Age Store Marketing Strategy
What are the actual methods you are going to employ in order to promote your New Age Store business to your present and probable customers. You can furthermore add the overheads involved in doing this and strategies involved in lowering your marketing outlay and how your marketing strategy can target your customers better. For instance if you are using PPC as a system to go for New Age Store clients you may well draw on long tail keyword search phrases rather than succinct generic words. This should slash your PPC overheads as well as laser targeting your customers; although it will of course take longer to set up. Read more about marketing strategy.
New Age Store Pricing Strategy
What line of attack did you use to get your selling 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 apply to get the word out concerning your services and products to your potential clients - are you going to do media releases, run events, networking, sales pitches, follow-ups, have promotional products?
Business Competitive Edge
Do you have some benefits above your rivals that you can exploit to your benefit? Are you able to keep your overheads lower than your rivalry so that you are continually the cheapest? Do you have a first-rate position? Are you the first or the only one to provide 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 brand, 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 is going to be something in-between these two, and you ought to consider long and hard where your business is going to position itself. You can pay a visit to this website and get more information with reference to putting your New Age Store business online.
Sales Strategy
How are you going to pick up sales for your New Age Store business in the first place and how are you going to grow or maintain 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 clients and know the answers to likely questions they will ask you. How are you going to put together a relationship with your customers to get future sales from them? How are you going to observe 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 New Age Store business proposal to assist you.
Management Summary
Management Team
Who are the most important protagonists in your business?
New Age Store Organizational Structure
What is the structure of your company - who is the manager of each department in your company?
Personnel Plan
This ought to be a roll of everybody 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 change in the future or not.
New Age Store Financial Plan
Will you contribute all your own funding or will it be a combination of your capital, bank loans, or angel investors? Do you need help in writing your financial plan?
New Age Store Break Even Analysis
How long will it take to get your capital investment back by means of sales of your products and services. You ought to represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
New Age Store Profit and Loss
You can denote profit and loss in the form of a monthly and yearly bar chart as well as tables. Clearly 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.
New Age 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 should contain all your fundamental 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 Strategy
How exactly are you going to sell your New Age Store Business?
New Age Store Business Plan Page 1 | New Age Store Business Plan Page 2
Useful New Age Store Resources
New Age Store Marketing Plan | New Age Store Equipment | New Age Store Online
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