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Strategy and Implementation Summary
What is your general stratagem to make your business a winner and how will you complete this?
Designer Bar Marketing Strategy
What are the actual methods you are going to use in order to promote your Designer Bar business to your present and possible customers. You can moreover add the overheads involved in doing this and strategies involved in reducing your marketing expenses and how your marketing strategy can target your clients better. For instance if you are using Pay Per Click as a technique to target Designer Bar customers you may employ long tail keyword search phrases significantly than short generic words. This should trim down your Pay Per Click outlay as well as laser targeting your customers; even though it will of course take longer to set up. Read more about marketing strategy.
Designer Bar Pricing Strategy
How 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 Strategy
What promotion strategies are you going to apply to get the sound out as regards your products and services to your likely clients - 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 overheads lower than your opposition so that you are at all times the cheapest? Do you have a superlative locality? Are you the original or the only one to provide a product or service? Are you capable of staying in front of the opposition and if so what enables you to do this? Do you have a good identification, 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 think long and hard where your business is going to position itself. You can pay a quick visit to this website and get more information on the subject of putting your Designer Bar business online.
Sales Strategy
How are you going to pick up sales for your Designer Bar business in the first place and how are you going to build up or maintain sales as time goes on? How much are your sales going to cost you? Make sure you know what questions to ask of your likely customers and know the answers to likely questions they will ask you. How are you going to create an affiliation with your clients 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 Designer Bar business proposal to assist you.
Management Summary
Management Team
Who are the focal protagonists in your company?
Designer Bar Organizational Structure
What is the hierarchy of your business - who is the manager of each division in your organization?
Personnel Plan
This should be a list of everybody in your company, their remuneration 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 apt to change in the future or not.
Designer Bar Financial Plan
Will you supply all your own funding or will it be a mix of your wealth, bank loans, or angel investors? Do you need help in writing your financial plan?
Designer Bar 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 should represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Designer Bar Profit and Loss
You can represent profit and loss in the form of a monthly and yearly bar chart as well as tables. Obviously 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.
Designer Bar Cash Flow
You ought to have charts and tables to illustrate your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should consist of all your fundamental 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 should only be given to potential investors.
Exit Strategy
How exactly are you going to sell your Designer Bar Business?
Designer Bar Business Plan Page 1 | Designer Bar Business Plan Page 2
Useful Designer Bar Resources
Designer Bar Marketing Plan | Designer Bar Equipment | Designer Bar Online
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