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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 achieve this?
Oriental Rug Store Marketing Strategy
What are the genuine methods you are going to draw on in order to promote your Oriental Rug Store business to your present and potential patrons. You can moreover add the outlay involved in doing this and strategies involved in lowering your marketing outlay and how your marketing strategy can target your customers better. For example if you are using Pay Per Click as a way to target Oriental Rug Store customers you might employ long tail keyword search phrases to a certain extent than succinct generic words. This ought to reduce your PPC expenses as well as laser targeting your clients; although it will of course take longer to set up. Read more about marketing strategy.
Oriental Rug 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 practice to get the sound out concerning your products and services to your would-be 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 above your competitors that you can exploit to your gain? Are you able to keep your overheads lower than your competitors so that you are constantly the cheapest? Do you have a prime position? Are you the first or the only one to provide a product or service? Are you able to stay ahead of the rivalry 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 just going to have nothing 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 need to deliberate long and hard where your company is going to position itself. You can visit this website and get more information in relation to putting your Oriental Rug Store business online.
Sales Strategy
How are you going to acquire sales for your Oriental Rug Store business in the first place and how are you going to increase or maintain sales as time goes on? How much are your sales going to cost you? Make certain 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 shape a connection with your patrons 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 Oriental Rug Store business proposal to assist you.
Management Summary
Management Team
Who are the key players in your business?
Oriental Rug Store Organizational Structure
What is the structure of your company - who is the manager of each department within your company?
Personnel Plan
This ought to be a record of everyone 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, short and long term and whether that is liable to alter in the future or not.
Oriental Rug Store Financial Plan
Will you provide all your own funding or will it be a blend of your capital, bank loans, or angel investors? Do you need help in writing your financial plan?
Oriental Rug Store 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 a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Oriental Rug Store Profit and Loss
You can embody 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 basis. You can obtain a free profit and loss spreadsheet to assist you.
Oriental Rug Store Cash Flow
You should have tables and charts to show your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should contain all your key info 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 ought to only be given to likely investors.
Exit Strategy
How exactly are you going to sell your Oriental Rug Store Business?
Oriental Rug Store Business Plan Page 1 | Oriental Rug Store Business Plan Page 2
Useful Oriental Rug Store Resources
Oriental Rug Store Marketing Plan | Oriental Rug Store Equipment | Oriental Rug Store Online
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