 |
 |
|
|
 |
Strategy and Implementation Summary
What is your universal strategy to make your business a success and how will you go about this?
Woodworking Shop Marketing Strategy
What are the definite ways you are going to employ in order to market your Woodworking Shop business to your present and possible patrons. You can additionally add the outlay involved in doing this and strategies involved in reducing your marketing costs and how your marketing strategy can seek out your clients better. For instance if you are using Pay Per Click as a approach to target Woodworking Shop patrons you might use long tail keyword search phrases significantly than succinct generic words. This ought to condense your Pay Per Click overheads as well as laser targeting your patrons; even though it will of course take longer to set up. Read more about marketing strategy.
Woodworking 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 practice to get the word out concerning your products and services to your would-be customers - are you going to do media releases, hold 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 expenses lower than your competition so that you are always the cheapest? Do you have a prime position? Are you the pioneer or the only one to provide a service or product? Are you capable of staying in front of the opposition and if so what enables you to do this? Do you have a good identifying mark, 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 scenarios 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 with reference to putting your Woodworking Shop business online.
Sales Strategy
How are you going to pick up sales for your Woodworking Shop business in the first place and how are you going to expand 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 potential clients and know the answers to likely questions they will ask you. How are you going to create a relationship with your patrons to get prospective 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 Woodworking Shop business proposal to assist you.
Management Summary
Management Team
Who are the main players in your company?
Woodworking Shop Organizational Structure
What is the hierarchy of your company - who is in charge of each division within your company?
Personnel Plan
This ought to be a roll of every person in your company, their wage 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 change in the future or not.
Woodworking Shop Financial Plan
Will you supply all your own funding or will it be a mixture of your wealth, bank loans, or angel investors? Do you need help in writing your financial plan?
Woodworking Shop Break Even Analysis
How long will it take to get your capital investment back by means of sales of your products and services. You ought to represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Woodworking Shop Profit and Loss
You can embody profit and loss 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 base. You can obtain a free profit and loss spreadsheet to assist you.
Woodworking 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 incorporate all your important 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 Woodworking Shop Business?
Woodworking Shop Business Plan Page 1 | Woodworking Shop Business Plan Page 2
Useful Woodworking Shop Resources
Woodworking Shop Marketing Plan | Woodworking Shop Equipment | Woodworking Shop Online
Find a different business plan...