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Strategy and Implementation Summary
What is your universal stratagem to make your business a winner and how will you complete this?
Race Track Marketing Strategy
What are the tangible ways you are going to use in order to market your Race Track business to your present and probable customers. You can moreover add the expenses involved in doing this and strategies involved in reducing your marketing outlay and how your marketing strategy can target your clients better. For example if you are using PPC as a procedure to go for Race Track customers you could draw on long tail keyword search phrases to a certain extent than succinct generic words. This ought to decrease your PPC costs as well as laser targeting your patrons; although it will of course take longer to set up. Read more about marketing strategy.
Race Track Pricing Strategy
What stratagem 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 execute to get the sound out concerning your products and services to your potential patrons - 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 opposition that you can exploit to your advantage? Are you capable of keeping your overheads lower than your competition so that you are at all times the cheapest? Do you have a premier place? Are you the first or the only one to supply a product or service? Are you capable of staying 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 just going to have nothing at all 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 reason long and hard where your business is going to position itself. You can visit this website and get more information with reference to putting your Race Track business online.
Sales Strategy
How are you going to get sales for your Race Track business in the first place and how are you going to grow 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 would-be customers and know the answers to likely questions they will ask you. How are you going to build up an association with your patrons 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 Race Track business proposal to assist you.
Management Summary
Management Team
Who are the main players in your company?
Race Track Organizational Structure
What is the structure of your company - who is the manager of every division in your business?
Personnel Plan
This should be a record of every person in your business, 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 alter in the future or not.
Race Track Financial Plan
Will you provide all your own funding or will it be a blend of your riches, bank loans, or angel investors? Do you need help in writing your financial plan?
Race Track Break Even Analysis
How long will it take to get your capital investment back by means of 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.
Race Track Profit and Loss
You can represent 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 base. You can obtain a free profit and loss spreadsheet to assist you.
Race Track Cash Flow
You ought to have charts and tables to present your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to incorporate all your necessary information which makes your business tick. 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 would-be investors.
Exit Strategy
How exactly are you going to sell your Race Track Business?
Race Track Business Plan Page 1 | Race Track Business Plan Page 2
Useful Race Track Resources
Race Track Marketing Plan | Race Track Equipment | Race Track Online
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