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Strategy and Implementation Summary
What is your universal line of attack to make your business a winner and how will you attain this?
Rehearsal Studio Marketing Strategy
What are the actual methods you are going to use in order to market your Rehearsal Studio business to your present and would-be customers. You can furthermore add the expenditure involved in doing this and strategies involved in lowering your marketing expenditure and how your marketing strategy can seek out your patrons better. For instance if you are using PPC as a strategy to target Rehearsal Studio clients you might use long tail keyword search phrases rather than succinct generic words. This ought to bring down your Pay Per Click overheads as well as laser targeting your patrons; although it will of course take longer to set up. Read more about marketing strategy.
Rehearsal Studio 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 regarding your services and products to your likely patrons - 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 above your opposition that you can exploit to your gain? Are you capable of keeping your expenditure lower than your opposition so that you are continuously the cheapest? Do you have a superlative location? Are you the original or the only one to supply a product or service? Are you capable of staying ahead of the competition 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 case it's going to be something in-between these two, and you need to deliberate long and hard where your company is going to position itself. You can visit this website and get more information in relation to putting your Rehearsal Studio business online.
Sales Strategy
How are you going to get sales for your Rehearsal Studio business in the first place and how are you going to increase or maintain sales as time goes on? How much are your sales going to cost you? Make certain you know what questions to ask of your potential patrons and know the answers to likely questions they will ask you. How are you going to shape an association with your customers 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 Rehearsal Studio business proposal to assist you.
Management Summary
Management Team
Who are the most important protagonists in your company?
Rehearsal Studio Organizational Structure
What is the hierarchy of your company - who is the manager of each division inside your business?
Personnel Plan
This should be a list of every person in your business, their salary 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.
Rehearsal Studio Financial Plan
Will you supply 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?
Rehearsal 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 ought to represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Rehearsal Studio Profit and Loss
You 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.
Rehearsal Studio 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 involve all your fundamental 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 ought to only be given to would-be investors.
Exit Strategy
How exactly are you going to sell your Rehearsal Studio Business?
Rehearsal Studio Business Plan Page 1 | Rehearsal Studio Business Plan Page 2
Useful Rehearsal Studio Resources
Rehearsal Studio Marketing Plan | Rehearsal Studio Equipment | Rehearsal Studio Online
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