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Strategy and Implementation Summary
What is your general strategy to make your business a success and how will you attain this?
Speciality Baker Marketing Strategy
What are the definite ways you are going to exercise in order to promote your Speciality Baker business to your present and would-be patrons. You can furthermore add the outlay involved in doing this and strategies involved in reducing your marketing overheads and how your marketing strategy can target your clients better. For instance if you are using PPC as a approach to target Speciality Baker clients you possibly will use long tail keyword search phrases to a certain extent than succinct generic words. This should lessen your PPC costs as well as laser targeting your patrons; though it will of course take longer to set up. Read more about marketing strategy.
Speciality Baker 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 practice to get the word out as regards your services and products to your possible 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 over your competitors that you can exploit to your benefit? Are you capable of keeping your outlay lower than your rivals so that you are continuously the cheapest? Do you have a premier place? Are you the originator or the only one to provide a service or product? Are you capable of staying in front of the competition and if so what enables you to do this? Do you have a good class, 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's going to be something in-between these two, and you ought to think long and hard where your business is going to position itself. You can pay a quick visit to this website and get more information in relation to putting your Speciality Baker business online.
Sales Strategy
How are you going to get sales for your Speciality Baker business in the first place and how are you going to expand or uphold sales as time goes on? How much are your sales going to cost you? Make definite 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 build a relationship with your clients to get prospective sales from them? How are you going to monitor 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 Speciality Baker business proposal to assist you.
Management Summary
Management Team
Who are the key protagonists in your company?
Speciality Baker Organizational Structure
What is the hierarchy of your business - who is the manager of every division within your company?
Personnel Plan
This should be a register of every person in your company, 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 likely to alter in the future or not.
Speciality Baker Financial Plan
Will you bring all your own funding or will it be an assortment of your money, bank loans, or angel investors? Do you need help in writing your financial plan?
Speciality Baker 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.
Speciality Baker Profit and Loss
You can denote this usually 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 base. You can obtain a free profit and loss spreadsheet to assist you.
Speciality Baker Cash Flow
You should have charts and tables to show your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should consist of all your central 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 potential investors.
Exit Strategy
How exactly are you going to sell your Speciality Baker Business?
Speciality Baker Business Plan Page 1 | Speciality Baker Business Plan Page 2
Useful Speciality Baker Resources
Speciality Baker Marketing Plan | Speciality Baker Equipment | Speciality Baker Online
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