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Strategy and Implementation Summary
What is your universal approach to make your business a success and how will you attain this?
Trailer Hitch Service Marketing Strategy
What are the tangible ways you are going to use in order to promote your Trailer Hitch Service business to your present and probable patrons. You can additionally add the overheads involved in doing this and strategies involved in lowering your marketing expenditure and how your marketing strategy can target your customers better. For instance if you are using PPC as a system to go for Trailer Hitch Service clients you may draw on long tail keyword search phrases significantly than short generic words. This should reduce your Pay Per Click expenses as well as laser targeting your customers; although it will of course take longer to set up. Read more about marketing strategy.
Trailer Hitch Service 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 employ to get the word out concerning your products and services 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 advantage above your competitors that you can exploit to your advantage? Are you able to keep your outlay lower than your opposition so that you are continuously the cheapest? Do you have a first-class locality? Are you the original or the only one to provide a product or service? Are you able to stay ahead 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 case it is going to be something in-between these two, and you ought to consider long and hard where your business is going to position itself. You can go and see this website and get more information on the subject of putting your Trailer Hitch Service business online.
Sales Strategy
How are you going to get sales for your Trailer Hitch Service business in the first place and how are you going to build up or uphold sales as time goes on? How much are your sales going to cost you? Make sure you know what questions to ask of your potential customers and know the answers to likely questions they will ask you. How are you going to foster 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 Trailer Hitch Service business proposal to assist you.
Management Summary
Management Team
Who are the central protagonists in your business?
Trailer Hitch Service Organizational Structure
What is the structure of your business - who is in charge of each division within your organization?
Personnel Plan
This should be a list of every person in your business, how much they are paid 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 prone to change in the future or not.
Trailer Hitch Service Financial Plan
Will you bring in all your own funding or will it be an assortment of your riches, bank loans, or angel investors? Do you need help in writing your financial plan?
Trailer Hitch Service Break Even Analysis
How long will it take to get your capital investment back by means of 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.
Trailer Hitch Service Profit and Loss
You can denote profit and loss 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.
Trailer Hitch Service Cash Flow
You ought to have tables and charts to illustrate your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should involve all your necessary info 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 likely investors.
Exit Strategy
How exactly are you going to sell your Trailer Hitch Service Business?
Trailer Hitch Service Business Plan Page 1 | Trailer Hitch Service Business Plan Page 2
Useful Trailer Hitch Service Resources
Trailer Hitch Service Marketing Plan | Trailer Hitch Service Equipment | Trailer Hitch Service Online
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