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Strategy and Implementation Summary
What is your universal strategy to make your business a success and how will you accomplish this?
Dance Class Marketing Strategy
What are the real methods you are going to draw on in order to market your Dance Class business to your existing and prospective patrons. You can what's more add the expenses involved in doing this and strategies involved in reducing your marketing expenditure and how your marketing strategy can target your customers better. For example if you are using PPC as a means to go for Dance Class patrons you may well use long tail keyword search phrases to a certain extent than short generic words. This should trim down your Pay Per Click outlay as well as laser targeting your customers; though it will of course take longer to set up. Read more about marketing strategy.
Dance Class Pricing Strategy
What line of attack 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 put into practice to get the word out about your products and services to your likely 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 over your competitors that you can exploit to your benefit? Are you able to keep your overheads lower than your rivals so that you are continually the cheapest? Do you have a prime place? Are you the first or the only one to provide a product or service? Are you able to stay ahead of the competition and if so what enables you to do this? Do you have a good identification, 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 is going to be something in-between these two, and you need to consider long and hard where your company is going to position itself. You can pay a visit to this website and get more information about putting your Dance Class business online.
Sales Strategy
How are you going to generate sales for your Dance Class business in the first place and how are you going to build up or uphold 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 patrons and know the answers to likely questions they will ask you. How are you going to create a relationship with your customers to get yet to come sales from them? How are you going to check 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 Dance Class business proposal to assist you.
Management Summary
Management Team
Who are the chief players in your business?
Dance Class Organizational Structure
What is the structure of your business - who is in charge of every department inside your business?
Personnel Plan
This should be a listing of every person 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, long and short term and whether that is expected to change in the future or not.
Dance Class Financial Plan
Will you bring all your own funding or will it be a combination of your cash, bank loans, or angel investors? Do you need help in writing your financial plan?
Dance Class 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.
Dance Class Profit and Loss
You can denote this usually in the form of a monthly and yearly bar chart as well as tables. Clearly 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.
Dance Class Cash Flow
You should have tables and charts to show your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to consist of all your key info 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 should only be given to impending investors.
Exit Strategy
How exactly are you going to sell your Dance Class Business?
Dance Class Business Plan Page 1 | Dance Class Business Plan Page 2
Useful Dance Class Resources
Dance Class Marketing Plan | Dance Class Equipment | Dance Class Online
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