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This plan is testament to the value of extensive forethought, as it outlines the business direction for the next 15 years.
Financing is 20% personal investment from the president and vice president of the corporation, 50% from financial institute, and 30% from investors.
A total of $163,880 is needed to safely grow the business, keeping interests secure and the business healthy.
A school will complete the 4 major areas of business in 1998.
To summarize, the areas of business will include a full service women's salon, a men's salon, a retail center, and an educational center.
The target market will be the young professional and the area tourist.
Transitional Words Used In Persuasive Essays - Hair And Beauty Salon Business Plan Sample
The school will be marketed to the price conscious in the clinic and will be an elite school for basic training in cosmetology.Retention is a problem for salons that lack structure and management.Both Barbara and I have owned and operated successful businesses.Productivity is assessed through employee evaluation by way of salon management software.Client retention, retail dollar to service dollar sales, and goals are all part of the productivity picture.As a teacher, I have aided in licensing over 120 cosmetologists at the Vocational Training Center.Presently, there is a mixture of veteran and new talent.Veteran stylists and technicians are attracted to employers who offer flexible hours and adding to their education by becoming instructors.The Epiphany Male Room will supply a guaranteed hourly rate for new talent, thus keeping payroll predictable for management purposes. It is realistic to believe that each department can operate at 80% productivity for top-end projections.The front of the salon is committed to being a strong retail center, inviting shoppers to interact.The target is 35% retail sales to service dollar sales.