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Strategy and Implementation Summary
What is your universal stratagem to make your business a winner and how will you attain this?
Radio Repair Shop Marketing Strategy
What are the genuine methods you are going to draw on in order to promote your Radio Repair Shop business to your present and impending customers. You can also add the expenses involved in doing this and strategies involved in lowering your marketing outlay and how your marketing strategy can seek out your patrons better. For instance if you are using PPC as a procedure to go for Radio Repair Shop customers you may perhaps draw on long tail keyword search phrases preferably than succinct generic words. This ought to diminish your Pay Per Click expenditure as well as laser targeting your clients; though it will of course take longer to set up. Read more about marketing strategy.
Radio Repair Shop Pricing Strategy
What stratagem did you use to get your selling 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 put into action to get the sound out regarding your services and products to your would-be clients - are you going to do media releases, run events, networking, sales pitches, follow-ups, have promotional products?
Business Competitive Edge
Do you have some advantage above your rivalry that you can exploit to your gain? Are you able to keep your expenses lower than your opposition so that you are always the cheapest? Do you have a prime location? Are you the original or the only one to supply a service or product? Are you able to stay ahead of the rivalry and if so what enables you to do this? Do you have a good brand, 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 ought to deliberate long and hard where your business is going to position itself. You can pay a visit to this website and get more info about putting your Radio Repair Shop business online.
Sales Strategy
How are you going to acquire sales for your Radio Repair Shop business in the first place and how are you going to expand or sustain sales as time goes on? How much is every sale going to cost you? Make sure you know what questions to ask of your likely customers and know the answers to likely questions they will ask you. How are you going to build a bond with your customers 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 Radio Repair Shop business proposal to assist you.
Management Summary
Management Team
Who are the key protagonists in your company?
Radio Repair Shop Organizational Structure
What is the hierarchy of your business - who is the manager of every division inside your business?
Personnel Plan
This should be a record of everybody in your business, their remuneration 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 change in the future or not.
Radio Repair Shop Financial Plan
Will you supply 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?
Radio Repair Shop 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.
Radio Repair Shop Profit and Loss
You can embody profit and loss in the form of a monthly and yearly bar chart as well as tables. Observably these should be revised as your business goes along on a monthly basis. You can obtain a free profit and loss spreadsheet to assist you.
Radio Repair Shop Cash Flow
You ought to have tables and charts to present your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should contain all your critical 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 probable investors.
Exit Strategy
How exactly are you going to sell your Radio Repair Shop Business?
Radio Repair Shop Business Plan Page 1 | Radio Repair Shop Business Plan Page 2
Useful Radio Repair Shop Resources
Radio Repair Shop Marketing Plan | Radio Repair Shop Equipment | Radio Repair Shop Online
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