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Strategy and Implementation Summary
What is your common approach to make your business a winner and how will you accomplish this?
Thrift Shop Marketing Strategy
What are the real methods you are going to draw on in order to market your Thrift Shop business to your present and potential customers. You can additionally add the costs involved in doing this and strategies involved in lowering your marketing overheads and how your marketing strategy can seek out your patrons better. For instance if you are using PPC as a structure to go for Thrift Shop patrons you could draw on long tail keyword search phrases significantly than succinct generic words. This ought to diminish your Pay Per Click expenses as well as laser targeting your patrons; even though it will of course take longer to set up. Read more about marketing strategy.
Thrift Shop Pricing Strategy
What strategy 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 execute to get the word out as regards your products and services to your likely 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 benefits above your opposition that you can exploit to your gain? Are you capable of keeping your costs lower than your rivals so that you are constantly the cheapest? Do you have a first-class location? Are you the first 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 brand, 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 scenarios it is going to be something in-between these two, and you need to reason long and hard where your company is going to position itself. You can pay a quick visit to this website and get more info concerning putting your Thrift Shop business online.
Sales Strategy
How are you going to get sales for your Thrift Shop business in the first place and how are you going to build up or preserve sales as time goes on? How much are your sales going to cost you? Make sure you know what questions to ask of your would-be customers and know the answers to likely questions they will ask you. How are you going to shape an affiliation with your clients 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 Thrift Shop business proposal to assist you.
Management Summary
Management Team
Who are the most important protagonists in your business?
Thrift Shop Organizational Structure
What is the hierarchy of your business - who is in charge of every division within your organization?
Personnel Plan
This should be a listing 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 change in the future or not.
Thrift Shop Financial Plan
Will you deliver 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?
Thrift Shop Break Even Analysis
How long will it take to get your capital investment back through sales of your services and products. You ought to represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Thrift Shop Profit and Loss
You can embody this usually in the form of a monthly and yearly bar chart as well as tables. Obviously 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.
Thrift Shop Cash Flow
You ought to have charts and tables to present your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should comprise all your fundamental 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 should only be given to potential investors.
Exit Strategy
How exactly are you going to sell your Thrift Shop Business?
Thrift Shop Business Plan Page 1 | Thrift Shop Business Plan Page 2
Useful Thrift Shop Resources
Thrift Shop Marketing Plan | Thrift Shop Equipment | Thrift Shop Online
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