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Strategy and Implementation Summary
What is your common line of attack to make your business a winner and how will you complete this?
Paint Store Marketing Strategy
What are the real ways you are going to employ in order to promote your Paint Store business to your existing and potential clients. You can as well add the expenses involved in doing this and strategies involved in reducing your marketing overheads and how your marketing strategy can target your customers better. For instance if you are using Pay Per Click as a means to target Paint Store patrons you may use long tail keyword search phrases significantly than succinct generic words. This ought to decrease your Pay Per Click expenses as well as laser targeting your patrons; although it will of course take longer to set up. Read more about marketing strategy.
Paint Store 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 implement to get the word out about your products and services to your potential customers - 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 above your rivals that you can exploit to your gain? Are you able to keep your overheads lower than your competition so that you are at all times the cheapest? Do you have a first-rate locality? Are you the pioneer or the only one to provide a service or product? Are you capable of staying in front of the competition and if so what enables you to do this? Do you have a good brand, 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 scenarios it's going to be something in-between these two, and you need to contemplate long and hard where your business is going to position itself. You can pay a quick visit to this website and get more information as regards putting your Paint Store business online.
Sales Strategy
How are you going to acquire sales for your Paint Store business in the first place and how are you going to increase or maintain sales as time goes on? How much is every sale going to cost you? Make certain you know what questions to ask of your budding clients and know the answers to likely questions they will ask you. How are you going to develop a bond with your patrons to get prospective 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 Paint Store business proposal to assist you.
Management Summary
Management Team
Who are the core players in your business?
Paint Store Organizational Structure
What is the structure of your business - who is in charge of each department within your organization?
Personnel Plan
This should be a register of each person 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, long and short term and whether that is expected to change in the future or not.
Paint Store Financial Plan
Will you supply all your own funding or will it be a combination of your funds, bank loans, or angel investors? Do you need help in writing your financial plan?
Paint Store Break Even Analysis
How long will it take to get your investments back in terms of capital outlay by means of sales of your products and services. You should represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Paint Store Profit and Loss
You can denote this usually 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 basis. You can obtain a free profit and loss spreadsheet to assist you.
Paint Store Cash Flow
You should have charts and tables to explain your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to take account of all your key info which makes your business operate efficiently. 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 ought to only be given to probable investors.
Exit Strategy
How exactly are you going to sell your Paint Store Business?
Paint Store Business Plan Page 1 | Paint Store Business Plan Page 2
Useful Paint Store Resources
Paint Store Marketing Plan | Paint Store Equipment | Paint Store Online
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