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Strategy and Implementation Summary
What is your common stratagem to make your business a success and how will you accomplish this?
Word Processing Service Marketing Strategy
What are the real methods you are going to employ in order to market your Word Processing Service business to your existing and likely patrons. You can furthermore add the overheads involved in doing this and strategies involved in lowering your marketing overheads and how your marketing strategy can seek out your patrons better. For example if you are using PPC as a way to go for Word Processing Service customers you may well employ long tail keyword search phrases to a certain extent than succinct generic words. This should condense your Pay Per Click expenditure as well as laser targeting your patrons; even though it will of course take longer to set up. Read more about marketing strategy.
Word Processing Service Pricing Strategy
How have you arrived at your 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 put into practice to get the word out about your services and products to your potential 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 above your competition that you can exploit to your advantage? Are you capable of keeping your costs lower than your opposition so that you are at all times the cheapest? Do you have a first-class position? Are you the originator or the only one to supply a product or service? Are you able to stay in front of the rivalry and if so what enables you to do this? Do you have a good identifying mark, trademarks, patents or a licence?
Web Strategy
Are you going to have no website whatsoever or an all singing and dancing website with bells and whistles on? In most scenarios it is going to be something in-between these two, and you need to think long and hard where your business is going to position itself. You can visit this website and get more information in relation to putting your Word Processing Service business online.
Sales Strategy
How are you going to get sales for your Word Processing Service business in the first place and how are you going to boost or uphold sales as time goes on? How much is each sale going to cost you? Make certain you know what questions to ask of your possible patrons and know the answers to likely questions they will ask you. How are you going to create an affiliation with your customers to get yet to come 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 Word Processing Service business proposal to assist you.
Management Summary
Management Team
Who are the chief protagonists in your company?
Word Processing Service Organizational Structure
What is the structure of your business - who is in charge of each department within your company?
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, short and long term and whether that is expected to change in the future or not.
Word Processing Service Financial Plan
Will you provide all your own funding or will it be a mix of your riches, bank loans, or angel investors? Do you need help in writing your financial plan?
Word Processing Service Break Even Analysis
How long will it take to get your capital investment back by means of sales of your products and services. You should represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Word Processing Service Profit and Loss
You can represent this usually 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.
Word Processing Service Cash Flow
You should have tables and charts to illustrate your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should involve all your crucial information 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 ought to only be given to likely investors.
Exit Strategy
How exactly are you going to sell your Word Processing Service Business?
Word Processing Service Business Plan Page 1 | Word Processing Service Business Plan Page 2
Useful Word Processing Service Resources
Word Processing Service Marketing Plan | Word Processing Service Equipment | Word Processing Service Online
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