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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?
Watch Repair Marketing Strategy
What are the genuine methods you are going to exercise in order to promote your Watch Repair business to your existing and potential patrons. You can additionally add the costs involved in doing this and strategies involved in lowering your marketing overheads and how your marketing strategy can target your patrons better. For example if you are using Pay Per Click as a way to target Watch Repair clients you could use long tail keyword search phrases significantly than short generic words. This ought to reduce your PPC outlay as well as laser targeting your customers; though it will of course take longer to set up. Read more about marketing strategy.
Watch Repair 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 operation to get the sound out about your products and services to your potential clients - 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 competition that you can exploit to your benefit? Are you capable of keeping your outlay lower than your opposition so that you are at all times the cheapest? Do you have a superior locality? Are you the original or the only one to supply a service or product? Are you able to stay ahead of the rivalry and if so what enables you to do this? Do you have a good identification, 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 contemplate long and hard where your company is going to position itself. You can pay a quick visit to this website and get more info regarding putting your Watch Repair business online.
Sales Strategy
How are you going to pick up sales for your Watch Repair business in the first place and how are you going to grow or uphold sales as time goes on? How much is each sale going to cost you? Make definite you know what questions to ask of your potential clients and know the answers to likely questions they will ask you. How are you going to develop a relationship with your clients to get future sales from them? How are you going to scrutinize 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 Watch Repair business proposal to assist you.
Management Summary
Management Team
Who are the central players in your business?
Watch Repair Organizational Structure
What is the hierarchy of your company - who is the manager of every department within your business?
Personnel Plan
This ought to be a directory of every person in your company, how much they get 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 likely to alter in the future or not.
Watch Repair Financial Plan
Will you provide all your own funding or will it be a mixture of your riches, bank loans, or angel investors? Do you need help in writing your financial plan?
Watch Repair 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 a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Watch Repair Profit and Loss
You can embody this usually in the form of a monthly and yearly bar chart as well as tables. Observably 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.
Watch Repair Cash Flow
You ought to have charts and tables to show your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should include all your critical information which makes your business tick. 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 Watch Repair Business?
Watch Repair Business Plan Page 1 | Watch Repair Business Plan Page 2
Useful Watch Repair Resources
Watch Repair Marketing Plan | Watch Repair Equipment | Watch Repair Online
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