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Strategy and Implementation Summary
What is your common strategy to make your business a success and how will you attain this?
Electric Heating Element Shop Marketing Strategy
What are the genuine ways you are going to use in order to market your Electric Heating Element Shop business to your present and would-be customers. You can what's more add the outlay involved in doing this and strategies involved in lowering your marketing expenses and how your marketing strategy can seek out your clients better. For instance if you are using Pay Per Click as a technique to target Electric Heating Element Shop customers you may employ long tail keyword search phrases preferably than short generic words. This should slash your Pay Per Click expenditure as well as laser targeting your clients; although it will of course take longer to set up. Read more about marketing strategy.
Electric Heating Element Shop Pricing Strategy
How have you arrived at your prices for your 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 employ to get the word out concerning your services and products to your likely 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 rivals that you can exploit to your gain? Are you capable of keeping your costs lower than your competition so that you are always the cheapest? Do you have a superior position? Are you the pioneer or the only one to supply 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 name, 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 need to reason long and hard where your business is going to position itself. You can pay a visit to this website and get more information on the subject of putting your Electric Heating Element Shop business online.
Sales Strategy
How are you going to get sales for your Electric Heating Element Shop business in the first place and how are you going to increase or uphold sales as time goes on? How much is every sale going to cost you? Make certain you know what questions to ask of your likely clients and know the answers to likely questions they will ask you. How are you going to create a relationship with your customers 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 Electric Heating Element Shop business proposal to assist you.
Management Summary
Management Team
Who are the major players in your company?
Electric Heating Element Shop Organizational Structure
What is the hierarchy of your company - who is the manager of every division inside your business?
Personnel Plan
This should be a roll of each person 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 change in the future or not.
Electric Heating Element Shop Financial Plan
Will you bring in all your own funding or will it be a fusion of your money, bank loans, or angel investors? Do you need help in writing your financial plan?
Electric Heating Element Shop Break Even Analysis
How long will it take to get your investments back in terms of capital outlay through sales of your products and services. You should represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Electric Heating Element Shop Profit and Loss
You can denote 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.
Electric Heating Element Shop Cash Flow
You should have charts and tables to reveal your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to consist of all your vital information 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 ought to only be given to probable investors.
Exit Strategy
How exactly are you going to sell your Electric Heating Element Shop Business?
Electric Heating Element Shop Business Plan Page 1 | Electric Heating Element Shop Business Plan Page 2
Useful Electric Heating Element Shop Resources
Electric Heating Element Shop Marketing Plan | Electric Heating Element Shop Equipment | Electric Heating Element Shop Online
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