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Strategy and Implementation Summary
What is your universal strategy to make your business a winner and how will you complete this?
Party Store Marketing Strategy
What are the genuine ways you are going to employ in order to market your Party Store business to your existing and probable clients. You can as well add the outlay involved in doing this and strategies involved in reducing your marketing overheads and how your marketing strategy can seek out your customers better. For instance if you are using Pay Per Click as a strategy to go for Party Store patrons you may draw on long tail keyword search phrases considerably than succinct generic words. This ought to decrease your PPC costs as well as laser targeting your clients; although it will of course take longer to set up. Read more about marketing strategy.
Party Store 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 execute to get the word out concerning your products and services to your would-be clients - 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 over your opposition that you can exploit to your gain? Are you capable of keeping your costs lower than your opposition so that you are constantly the cheapest? Do you have a first-rate position? Are you the pioneer or the only one to provide 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 name, 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 ought to consider long and hard where your business is going to position itself. You can visit this website and get more info on the subject of putting your Party Store business online.
Sales Strategy
How are you going to generate sales for your Party Store business in the first place and how are you going to grow or preserve sales as time goes on? How much are your sales going to cost you? Make definite you know what questions to ask of your would-be patrons and know the answers to likely questions they will ask you. How are you going to construct a bond with your clients to get yet to come 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 Party Store business proposal to assist you.
Management Summary
Management Team
Who are the key protagonists in your company?
Party Store Organizational Structure
What is the hierarchy of your business - who is in charge of every department inside your company?
Personnel Plan
This should be a record of each person in your business, their pay 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 apt to change in the future or not.
Party Store Financial Plan
Will you bring in all your own funding or will it be a mixture of your capital, bank loans, or angel investors? Do you need help in writing your financial plan?
Party Store Break Even Analysis
How long will it take to get your investments back in terms of capital outlay 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.
Party Store Profit and Loss
You can denote 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.
Party Store Cash Flow
You should have tables and charts to exhibit your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should bring in all your key information 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 impending investors.
Exit Strategy
How exactly are you going to sell your Party Store Business?
Party Store Business Plan Page 1 | Party Store Business Plan Page 2
Useful Party Store Resources
Party Store Marketing Plan | Party Store Equipment | Party Store Online
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