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Strategy and Implementation Summary
What is your universal stratagem to make your business a success and how will you go about this?
Noodle Bar Marketing Strategy
What are the concrete ways you are going to exercise in order to market your Noodle Bar business to your existing and possible customers. You can furthermore add the overheads involved in doing this and strategies involved in reducing your marketing outlay and how your marketing strategy can target your patrons better. For example if you are using PPC as a technique to target Noodle Bar patrons you may perhaps draw on long tail keyword search phrases significantly than short generic words. This ought to shrink your Pay Per Click expenses as well as laser targeting your customers; even though it will of course take longer to set up. Read more about marketing strategy.
Noodle Bar Pricing Strategy
How have you arrived at your 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 apply to get the word out about your services and products to your likely 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 advantage above your competition that you can exploit to your advantage? Are you able to keep your expenditure lower than your rivals so that you are constantly the cheapest? Do you have a superlative locality? Are you the pioneer or the only one to provide a product or service? Are you able to stay ahead 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 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 is 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 visit this website and get more info with reference to putting your Noodle Bar business online.
Sales Strategy
How are you going to generate sales for your Noodle Bar business in the first place and how are you going to increase 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 potential patrons and know the answers to likely questions they will ask you. How are you going to foster a relationship 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 Noodle Bar business proposal to assist you.
Management Summary
Management Team
Who are the main protagonists in your business?
Noodle Bar Organizational Structure
What is the hierarchy of your business - who is in charge of each division within your business?
Personnel Plan
This should be a record 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 expected to change in the future or not.
Noodle Bar Financial Plan
Will you bring all your own funding or will it be a mix of your funds, bank loans, or angel investors? Do you need help in writing your financial plan?
Noodle Bar Break Even Analysis
How long will it take to get your capital investment back through sales of your products and services. You should represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Noodle Bar Profit and Loss
You can represent profit and loss 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.
Noodle Bar Cash Flow
You should have tables and charts to display your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should comprise all your fundamental info 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 should only be given to potential investors.
Exit Strategy
How exactly are you going to sell your Noodle Bar Business?
Noodle Bar Business Plan Page 1 | Noodle Bar Business Plan Page 2
Useful Noodle Bar Resources
Noodle Bar Marketing Plan | Noodle Bar Equipment | Noodle Bar Online
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