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Strategy and Implementation Summary
What is your common stratagem to make your business a winner and how will you go about this?
Transcribing Service Marketing Strategy
What are the authentic methods you are going to employ in order to market your Transcribing Service business to your existing and likely patrons. You can as well add the expenditure involved in doing this and strategies involved in reducing your marketing expenses and how your marketing strategy can seek out your patrons better. For instance if you are using Pay Per Click as a procedure to go for Transcribing Service customers you may use long tail keyword search phrases significantly than succinct generic words. This ought to lessen your Pay Per Click expenditure as well as laser targeting your customers; though it will of course take longer to set up. Read more about marketing strategy.
Transcribing Service Pricing Strategy
How did you work out your price points services and products? 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 service 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 competition that you can exploit to your benefit? Are you capable of keeping your expenses lower than your competition so that you are constantly the cheapest? Do you have a first-class location? Are you the original or the only one to provide a product or service? Are you able to stay 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 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 need 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 Transcribing Service business online.
Sales Strategy
How are you going to generate sales for your Transcribing 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 certain you know what questions to ask of your budding clients and know the answers to likely questions they will ask you. How are you going to make a connection with your customers to get prospective 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 Transcribing Service business proposal to assist you.
Management Summary
Management Team
Who are the focal protagonists in your company?
Transcribing Service Organizational Structure
What is the hierarchy of your business - who is the manager of each department in your business?
Personnel Plan
This should be a register of each person in your company, 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, short and long term and whether that is likely to change in the future or not.
Transcribing Service Financial Plan
Will you bring in all your own funding or will it be a blend of your riches, bank loans, or angel investors? Do you need help in writing your financial plan?
Transcribing Service Break Even Analysis
How long will it take to get your capital investment back by means of 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.
Transcribing Service Profit and Loss
You can denote profit and loss in the form of a monthly and yearly bar chart as well as tables. Clearly these should be revised as your business goes along on a monthly basis. You can obtain a free profit and loss spreadsheet to assist you.
Transcribing Service Cash Flow
You should have charts and tables to demonstrate your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to contain all your chief info which makes your business operate efficiently. This ought to 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 Transcribing Service Business?
Transcribing Service Business Plan Page 1 | Transcribing Service Business Plan Page 2
Useful Transcribing Service Resources
Transcribing Service Marketing Plan | Transcribing Service Equipment | Transcribing Service Online
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