 |
 |
|
|
 |
Strategy and Implementation Summary
What is your common approach to make your business a winner and how will you attain this?
Recording Studio Marketing Strategy
What are the genuine methods you are going to use in order to promote your Recording Studio business to your present and possible customers. You can additionally add the costs involved in doing this and strategies involved in reducing your marketing expenses and how your marketing strategy can target your patrons better. For example if you are using PPC as a technique to go for Recording Studio patrons you may draw on long tail keyword search phrases rather than succinct generic words. This ought to shrink your Pay Per Click expenses as well as laser targeting your clients; even though it will of course take longer to set up. Read more about marketing strategy.
Recording Studio 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 operation to get the sound out about your services and products to your likely 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 benefits above your competitors that you can exploit to your gain? Are you capable of keeping your overheads lower than your rivalry so that you are always the cheapest? Do you have a superlative 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 going to have no website whatsoever 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 company is going to position itself. You can go and see this website and get more info as regards putting your Recording Studio business online.
Sales Strategy
How are you going to acquire sales for your Recording Studio business in the first place and how are you going to intensify 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 potential clients and know the answers to likely questions they will ask you. How are you going to build up a rapport with your clients to get yet to come 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 Recording Studio business proposal to assist you.
Management Summary
Management Team
Who are the main protagonists in your business?
Recording Studio Organizational Structure
What is the structure of your business - who is the manager of each division in your organization?
Personnel Plan
This ought to be a list of everyone in your company, their payment 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.
Recording Studio Financial Plan
Will you deliver all your own funding or will it be a mix of your wealth, bank loans, or angel investors? Do you need help in writing your financial plan?
Recording Studio 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 should represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Recording Studio Profit and Loss
You can denote 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.
Recording Studio Cash Flow
You should have tables and charts to illustrate 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 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 impending investors.
Exit Strategy
How exactly are you going to sell your Recording Studio Business?
Recording Studio Business Plan Page 1 | Recording Studio Business Plan Page 2
Useful Recording Studio Resources
Recording Studio Marketing Plan | Recording Studio Equipment | Recording Studio Online
Find a different business plan...