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Strategy and Implementation Summary
What is your common strategy to make your business a winner and how will you attain this?
Life Coach Marketing Strategy
What are the actual methods you are going to exercise in order to promote your Life Coach business to your present and potential customers. You can what's more add the expenditure involved in doing this and strategies involved in reducing your marketing overheads and how your marketing strategy can target your patrons better. For instance if you are using PPC as a way to target Life Coach patrons you possibly will use long tail keyword search phrases preferably than short generic words. This ought to condense your Pay Per Click outlay as well as laser targeting your patrons; though it will of course take longer to set up. Read more about marketing strategy.
Life Coach Pricing Strategy
What stratagem did you use to get your selling 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 instigate to get the word out about your services and products to your potential patrons - 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 over your opposition that you can exploit to your gain? Are you capable of keeping your costs lower than your competitors so that you are constantly the cheapest? Do you have a first-class position? Are you the originator or the only one to provide a product or service? Are you able to stay ahead of the rivalry and if so what enables you to do this? Do you have a good class, trademarks, patents or a licence?
Web Strategy
Are you just going to have nothing at all or an all singing and dancing website with bells and whistles on? In most case it's going to be something in-between these two, and you ought to reason long and hard where your business is going to position itself. You can pay a visit to this website and get more info regarding putting your Life Coach business online.
Sales Strategy
How are you going to get sales for your Life Coach business in the first place and how are you going to boost 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 would-be clients and know the answers to likely questions they will ask you. How are you going to make a connection with your clients to get future 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 Life Coach business proposal to assist you.
Management Summary
Management Team
Who are the central protagonists in your business?
Life Coach Organizational Structure
What is the hierarchy of your company - who is the manager of every department in your organization?
Personnel Plan
This should be a register of everyone in your company, how much they are 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.
Life Coach Financial Plan
Will you bring all your own funding or will it be a blend of your money, bank loans, or angel investors? Do you need help in writing your financial plan?
Life Coach Break Even Analysis
How long will it take to get your investments back in terms of capital outlay through sales of your services and products. You ought to represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Life Coach 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 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.
Life Coach 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 include all your chief 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 Life Coach Business?
Life Coach Business Plan Page 1 | Life Coach Business Plan Page 2
Useful Life Coach Resources
Life Coach Marketing Plan | Life Coach Equipment | Life Coach Online
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