Why is My Restaurant Not Full Every Monday Night?

Written by Howard Schwartz


Continued from page 1

Standard marketing plans contain most or all ofrepparttar following sections: market research, description of your target markets, description of your products or services, your competition, budget, strategy and goals, and action items to complete. They should also include your pricing, and positioning and branding statements. In order for your plan to work, it must be a living document, so make changes as you implementrepparttar 143007 plan according to what works and what doesn't.

If you are not a marketing expert then help is only a step away. Marketing plan software is available to help you outline and develop a solid marketing plan yourself or you can hire an external marketing consultant who specializes in restaurant marketing to writerepparttar 143008 plan for you.

Learn more about bringing new customers to your restaurant / new marketing ideas:

http://www.hjventures.com/restaurant-marketing-ideas.html



Howard Schwartz is a partner in several business strategy groups, including HJ Ventures International, Inc. Howard has worked with hundreds of entrepreneurs worldwide with a focus on writing business plans for companies interested in raising capital from Venture Funds and Angel Investors. Howard’s business plans have secured several million dollars in funding.For more information: http://www.hjventures.com


Writing a Business Plan

Written by Ryan M. Hoback


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You always want to provide company information, that is, discuss your business background. Who isrepparttar management team and what experience do they have? Discussrepparttar 143006 primary responsibilities ofrepparttar 143007 individuals inrepparttar 143008 management team. This is important because you wantrepparttar 143009 reader to be aware of who is leadingrepparttar 143010 operation, and what their background is. Internally this helps promote respect for those in senior level positions, and investors feel more comfortable having a better understanding of who they are investing in.

The next area should focus on marketing and sales activities. What is your Sales Strategy? What arerepparttar 143011 keys to success in your competitive environment? Sales, orrepparttar 143012 activity of selling, is an integral part of commercial activity. Mastering sales is considered by many as some sort of persuading "art". What is your Market Strategy? Marketing starts with market research, in which needs and attitudes and competitors' products are assessed, and continues through into advertising, promotion, distribution, and, where applicable, customer servicing and repair, packaging, and sales and distribution.

Now we move on to products and services What arerepparttar 143013 major milestones for your product or service? What arerepparttar 143014 ongoing efforts regarding your product or service? You need describe your products or services torepparttar 143015 reader in a clear manner.

Any good plan has a great deal of focus placed on its financial data. Finance addressesrepparttar 143016 ways in which individuals, business entities and other organizations allocate and use monetary resources over time. What arerepparttar 143017 funds required and their use? Give a historical financial summary. Give a prospective financial summary, which will include a brief justification for your prospective sales levels. Focus on realistic predictions, investors will dismiss any plan that seems to have inflated numbers. You must do accurate market research in order to offer realistic figures.

Putting all these tools together and continually revising your business plan will give you a great advantage. For a more detailed look into developing a business plan, read part two of this article as we discuss implementing an organizational plan.

www.MotivatedEntrepreneur.com Copyright 2005



Ryan Hoback is Founder and President of Motivated Entrepreneur Business INcubation and Consulting. Mr. Hoback help entrepreneurs startand grow their businesses.


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