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Strategy and Implementation Summary
What is your universal strategy to make your business a success and how will you achieve this?
Picture Frame Shop Marketing Strategy
What are the tangible ways you are going to draw on in order to market your Picture Frame Shop business to your present and prospective customers. You can in addition add the outlay involved in doing this and strategies involved in lowering your marketing expenses and how your marketing strategy can seek out your clients better. For instance if you are using Pay Per Click as a structure to target Picture Frame Shop customers you may well use long tail keyword search phrases significantly than succinct generic words. This should shrink your Pay Per Click expenses as well as laser targeting your clients; though it will of course take longer to set up. Read more about marketing strategy.
Picture Frame Shop Pricing Strategy
How did you work out your price points 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 put into operation to get the sound out concerning your services and products to your would-be customers - 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 rivalry that you can exploit to your benefit? Are you capable of keeping your expenditure lower than your rivals so that you are at all times the cheapest? Do you have a first-class site? Are you the first or the only one to provide a service or product? Are you capable of staying ahead of the opposition and if so what enables you to do this? Do you have a good identification, trademarks, patents or a licence?
Web Strategy
Are you going to have no website whatever 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 need to consider long and hard where your business is going to position itself. You can visit this website and get more information concerning putting your Picture Frame Shop business online.
Sales Strategy
How are you going to generate sales for your Picture Frame Shop business in the first place and how are you going to increase or sustain sales as time goes on? How much are your sales going to cost you? Make sure you know what questions to ask of your potential customers and know the answers to likely questions they will ask you. How are you going to construct an affiliation with your patrons 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 Picture Frame Shop business proposal to assist you.
Management Summary
Management Team
Who are the focal protagonists in your business?
Picture Frame Shop Organizational Structure
What is the hierarchy of your company - who is in charge of every department inside your business?
Personnel Plan
This should be a directory of every person 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, short and long term and whether that is expected to alter in the future or not.
Picture Frame Shop Financial Plan
Will you bring all your own funding or will it be a fusion of your funds, bank loans, or angel investors? Do you need help in writing your financial plan?
Picture Frame Shop Break Even Analysis
How 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 graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Picture Frame Shop 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 basis. You can obtain a free profit and loss spreadsheet to assist you.
Picture Frame Shop Cash Flow
You ought to have tables and charts to reveal your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should involve all your chief 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 should only be given to would-be investors.
Exit Strategy
How exactly are you going to sell your Picture Frame Shop Business?
Picture Frame Shop Business Plan Page 1 | Picture Frame Shop Business Plan Page 2
Useful Picture Frame Shop Resources
Picture Frame Shop Marketing Plan | Picture Frame Shop Equipment | Picture Frame Shop Online
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