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Strategy and Implementation SummaryWhat is your general strategy to make your business a winner and how will you realize this? Ballroom Dancing Lesson Marketing StrategyWhat are the actual methods you are going to use in order to market your Ballroom Dancing Lesson business to your existing and probable patrons. You can as well add the overheads involved in doing this and strategies involved in lowering your marketing outlay and how your marketing strategy can seek out your customers better. For example if you are using Pay Per Click as a strategy to target Ballroom Dancing Lesson patrons you could draw on long tail keyword search phrases to a certain extent than succinct generic words. This should trim down your PPC costs as well as laser targeting your customers; even though it will of course take longer to set up. Read more about marketing strategy. Ballroom Dancing Lesson Pricing StrategyHow 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 StrategyWhat promotion strategies are you going to execute to get the word out as regards 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 EdgeDo you have some benefits over your opposition that you can exploit to your benefit? Are you able to keep your costs lower than your competitors so that you are always the cheapest? Do you have a prime location? Are you the first or the only one to provide a service or product? Are you capable of staying in front of the rivalry and if so what enables you to do this? Do you have a good brand, trademarks, patents or a licence? Web StrategyAre you just going to have nothing 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 deliberate long and hard where your business is going to position itself. You can pay a quick visit to this website and get more info concerning putting your Ballroom Dancing Lesson business online. Sales StrategyHow are you going to pick up sales for your Ballroom Dancing Lesson business in the first place and how are you going to boost or preserve sales as time goes on? How much is each sale going to cost you? Make sure you know what questions to ask of your possible patrons and know the answers to likely questions they will ask you. How are you going to create a bond with your customers to get prospective sales from them? How are you going to monitor 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 Ballroom Dancing Lesson business proposal to assist you. Management SummaryManagement TeamWho are the major players in your business? Ballroom Dancing Lesson Organizational StructureWhat is the hierarchy of your company - who is the manager of each department within your business? Personnel PlanThis should be a list of everyone in your business, their payment and what if any share options they have for now and in the future. You can also add what type of contracts they have, long and short term and whether that is likely to alter in the future or not. Ballroom Dancing Lesson Financial PlanWill you provide all your own funding or will it be a fusion of your cash, bank loans, or angel investors? Do you need help in writing your financial plan? Ballroom Dancing Lesson Break Even AnalysisHow long will it take to get your investments back in terms of capital outlay 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. Ballroom Dancing Lesson Profit and LossYou can denote profit and loss in the form of a monthly and yearly bar chart as well as tables. Clearly these ought to be revised as your business goes along on a monthly base. You can obtain a free profit and loss spreadsheet to assist you. Ballroom Dancing Lesson Cash FlowYou should have tables and charts to reveal your cash balance and your net cash flow. Download a free cash flowspreadheet. AppendixThis ought to include all your important info 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 potential investors. Exit StrategyHow exactly are you going to sell your Ballroom Dancing Lesson Business?
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