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Strategy and Implementation Summary
What is your universal line of attack to make your business a success and how will you realize this?
Wood Moldings Shop Marketing Strategy
What are the real ways you are going to use in order to market your Wood Moldings Shop business to your existing and impending patrons. You can also add the overheads involved in doing this and strategies involved in reducing your marketing costs and how your marketing strategy can target your customers better. For instance if you are using PPC as a method to target Wood Moldings Shop patrons you could draw on long tail keyword search phrases considerably than short generic words. This ought to lessen your PPC costs as well as laser targeting your clients; although it will of course take longer to set up. Read more about marketing strategy.
Wood Moldings Shop Pricing Strategy
How have you arrived at your 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 put into service to get the word out regarding your services and products to your likely patrons - 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 over your competition that you can exploit to your advantage? Are you able to keep your outlay lower than your rivalry so that you are constantly the cheapest? Do you have a prime site? Are you the originator or the only one to supply a service or product? 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 going to have no website 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 contemplate long and hard where your company is going to position itself. You can visit this website and get more info concerning putting your Wood Moldings Shop business online.
Sales Strategy
How are you going to get sales for your Wood Moldings Shop business in the first place and how are you going to boost or sustain sales as time goes on? How much are your sales going to cost you? Make certain you know what questions to ask of your would-be clients and know the answers to likely questions they will ask you. How are you going to construct a relationship with your clients to get prospective 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 Wood Moldings Shop business proposal to assist you.
Management Summary
Management Team
Who are the focal protagonists in your company?
Wood Moldings Shop Organizational Structure
What is the structure of your business - who is the manager of each division within your business?
Personnel Plan
This should be a directory of everybody in your business, 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 liable to alter in the future or not.
Wood Moldings Shop Financial Plan
Will you provide all your own funding or will it be an assortment of your capital, bank loans, or angel investors? Do you need help in writing your financial plan?
Wood Moldings Shop 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.
Wood Moldings Shop Profit and Loss
You can represent 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 basis. You can obtain a free profit and loss spreadsheet to assist you.
Wood Moldings Shop Cash Flow
You ought to have charts and tables to display your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to add in all your vital info which makes your business tick. 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 would-be investors.
Exit Strategy
How exactly are you going to sell your Wood Moldings Shop Business?
Wood Moldings Shop Business Plan Page 1 | Wood Moldings Shop Business Plan Page 2
Useful Wood Moldings Shop Resources
Wood Moldings Shop Marketing Plan | Wood Moldings Shop Equipment | Wood Moldings Shop Online
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