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Strategy and Implementation SummaryWhat is your general stratagem to make your business a winner and how will you attain this? Private Music Tutor Marketing StrategyWhat are the real ways you are going to employ in order to promote your Private Music Tutor business to your existing and possible patrons. You can additionally add the costs involved in doing this and strategies involved in reducing your marketing overheads and how your marketing strategy can target your patrons better. For example if you are using PPC as a means to target Private Music Tutor customers you might employ long tail keyword search phrases significantly than succinct generic words. This should condense your PPC outlay as well as laser targeting your clients; though it will of course take longer to set up. Read more about marketing strategy. Private Music Tutor Pricing StrategyHow 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 StrategyWhat promotion strategies are you going to instigate to get the sound out about 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 EdgeDo you have some advantage above your opposition that you can exploit to your benefit? Are you capable of keeping your expenses lower than your competitors so that you are continuously the cheapest? Do you have a superior locality? Are you the original or the only one to provide a product or service? Are you capable of staying ahead of the opposition and if so what enables you to do this? Do you have a good name, trademarks, patents or a licence? Web StrategyAre 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 contemplate long and hard where your company is going to position itself. You can pay a quick visit to this website and get more info on the subject of putting your Private Music Tutor business online. Sales StrategyHow are you going to get sales for your Private Music Tutor business in the first place and how are you going to intensify or maintain sales as time goes on? How much is every sale going to cost you? Make sure you know what questions to ask of your possible customers and know the answers to likely questions they will ask you. How are you going to encourage a rapport 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 Private Music Tutor business proposal to assist you. Management SummaryManagement TeamWho are the focal protagonists in your company? Private Music Tutor Organizational StructureWhat is the structure of your business - who is in charge of each department within your organization? Personnel PlanThis ought to be a list of each person in your company, 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, long and short term and whether that is expected to alter in the future or not. Private Music Tutor Financial PlanWill you bring in all your own funding or will it be a combination of your cash, bank loans, or angel investors? Do you need help in writing your financial plan? Private Music Tutor Break Even AnalysisHow long will it take to get your capital investment back through sales of your services and products. You should represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples. Private Music Tutor Profit and LossYou can represent this usually 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 basis. You can obtain a free profit and loss spreadsheet to assist you. Private Music Tutor Cash FlowYou should have tables and charts to demonstrate your cash balance and your net cash flow. Download a free cash flowspreadheet. AppendixThis ought to include all your chief information 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 StrategyHow exactly are you going to sell your Private Music Tutor Business?
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