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Strategy and Implementation Summary
What is your general stratagem to make your business a winner and how will you achieve this?
Chinese Buffet Restaurant Marketing Strategy
What are the authentic methods you are going to use in order to market your Chinese Buffet Restaurant business to your existing and potential patrons. You can as well add the expenditure involved in doing this and strategies involved in reducing your marketing overheads and how your marketing strategy can target your clients better. For example if you are using Pay Per Click as a system to go for Chinese Buffet Restaurant clients you could employ long tail keyword search phrases to a certain extent than short generic words. This should reduce your PPC expenses as well as laser targeting your patrons; although it will of course take longer to set up. Read more about marketing strategy.
Chinese Buffet Restaurant Pricing Strategy
What policy did you use to get your selling 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 instigate to get the sound out as regards your products and services to your possible 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 over your rivalry that you can exploit to your gain? Are you capable of keeping your expenditure lower than your opposition so that you are constantly the cheapest? Do you have a first-class location? Are you the pioneer or the only one to provide a service or product? Are you able to stay in front of the competition and if so what enables you to do this? Do you have a good make, trademarks, patents or a licence?
Web Strategy
Are you going to have no website whatever 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 deliberate long and hard where your business is going to position itself. You can go and see this website and get more information concerning putting your Chinese Buffet Restaurant business online.
Sales Strategy
How are you going to generate sales for your Chinese Buffet Restaurant business in the first place and how are you going to increase or uphold sales as time goes on? How much is each sale going to cost you? Make sure you know what questions to ask of your would-be patrons and know the answers to likely questions they will ask you. How are you going to construct an affiliation with your customers to get prospective sales from them? How are you going to observe 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 Chinese Buffet Restaurant business proposal to assist you.
Management Summary
Management Team
Who are the central protagonists in your business?
Chinese Buffet Restaurant Organizational Structure
What is the structure of your business - who is the manager of each division in your business?
Personnel Plan
This should be a register 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, long and short term and whether that is liable to change in the future or not.
Chinese Buffet Restaurant Financial Plan
Will you contribute all your own funding or will it be a fusion of your wealth, bank loans, or angel investors? Do you need help in writing your financial plan?
Chinese Buffet Restaurant Break Even Analysis
How long will it take to get your investments back in terms of capital outlay by means of 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.
Chinese Buffet Restaurant 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 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.
Chinese Buffet Restaurant Cash Flow
You ought to have tables and charts to show your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to contain 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 impending investors.
Exit Strategy
How exactly are you going to sell your Chinese Buffet Restaurant Business?
Chinese Buffet Restaurant Business Plan Page 1 | Chinese Buffet Restaurant Business Plan Page 2
Useful Chinese Buffet Restaurant Resources
Chinese Buffet Restaurant Marketing Plan | Chinese Buffet Restaurant Equipment | Chinese Buffet Restaurant Online
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