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Entrepreneurial Leadership Development 12 - Month Training Program
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I. The Truth About Your Vision - Products & Services Objective: Description, Competition, Future Enhancements Participants describe the details of their product or service; what it is, how it works, special features, how a customer can obtain it, where a customer can obtain it and the benefit of purchasing the product or service. The workshop requires the participant to research his/her competition, the competitors’ market share and evaluation of how products and services compare. Any future enhancements will also be documented at this time.
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II. Plan to Bring in the Cash - Sales Forecasting & Planning Objective: Forecast Revenue Projections Participants incorporate the pricing model into the sales forecasting process to determine if the product or service is a revenue generating concept. Through the forecasting process the business owner will use the pricing-model and products or services to project opportunities and sales goals; determining annual projections for a 3-5 year period. Upon completion, the owner has a full picture of the company’s growth opportunities; resulting in clearly documented and defined goals.
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III. Analyze Your Customer - Conduct a Marketing Analysis Objective: Target Market, Market Needs, Trends, Growth & Potential Many business owners struggle with understanding their markets. This can greatly hinder the growth of a company. In this workshop participants utilize true to life research to study the market/industry and it’s statistics. The participant’s market research is used to determine if there is a market for the service or product offered. Owners learn to better understand market needs, who to target and most importantly they learn about the potential for growth.
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IV. Target Your Customer - Marketing Strategy & Implementation Objective: Pricing, Promotion Distribution, Marketing Programs Once the business owner understands the market, pricing should be evaluated based on market needs, competition, etc. In this workshop the participant ensures that pricing is appropriate and designs a marketing strategy around the pricing. The marketing strategy will also include promotion, distribution and marketing campaigns strategies to connect customers with the product or service.
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V. Plant the Seeds for Cash to Grow - Sales Strategy & Implementation Objective: Outline Strategies to Capture and Drive Sales Activity Once the sales goals have been set the owner must determine exactly how they will accomplish the sales goals. The owner is required to identify and document the specific methods for reaching the sales goals for each product or service category.
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Continue on to Courses 6 - 10
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