BUSINESS PLAN

Beauty Inn Salon Business Plan



Executive Summary

This Business Plan has been inspired by the growing trends in the business of salon and professional cosmetologist in the industry. The Business Plan covers the most important aspects of the business nature; the overall description and history of the company, how it came into being, details regarding management and maintenance control measures being taken, the marketing strategy depending on the state it resides and the type of promotional campaigns being executed to give boost to sales, Role of employees and managers in the company, HR strategy to counter difficulties, Pricing and Finance projections and lastly the technology being implemented that supports the system as a whole. The Cosmetology and salon business requires training and development in developing skills and strong communication. These trainings include motivation techniques and growth plans for employee development and educating to reflect fun in doing work along with being profitable. These qualities will help improve the current image of the industry to higher levels and attract the best talented technicians and employees available for the company and spread harmony in the society.

Executive Summary2

Business Description3

Business Opportunities5

Potential Customer5

Geographical Area5

Business Competitors6

Marketing Strategy6

Costing & Pricing7

Sales Projection7

Marketing Plan7

Business Operations8

Operational Function8

Services Offered9

Personnel9

Technology9

Human Resource Strategy10

Financial Projections11

Prjected Revenue and Expense11

Projected Balance Sheet13

Financial Projections14

References15

Appendix17

Appendix A - Sales Projection17

Appendix B - Profit Projection17

Appendix C - Cash Projection18

Beauty Inn Salon Business Plan

Business Description

Beauty Inn Salon was founded few years ago under sole proprietorship, it has expanded over the years and presently it has maintained a position in the society and is well known for providing customer satisfaction and services. The Business has always values wellness of health that reflects beauty on the whole, gives suggestions and planning for diet plans and has a range of high quality cosmetology products being used in the saloon.

Mission: Provide quality services that enhances the mental leisure and improves physical emergence of our customers

Tagline: Beauty Inn - “Beauty that outshines the rest”

The business has recently been providing training to its employees regarding latest cosmetology changes and drifts and sponsoring their expenses to update themselves regarding latest fashion development and beauty trends. The company has increasing reputation in the community and has plans to spread its business to neighbouring states in coming years.

Beauty Inn also has talented and experienced managers working for their marketing and management, Beauty Inn makes sure it takes care of employee satisfaction to its best and provides them incentives based on their performance.

The company profile consist of responsibilities for the management to amplify profitability, encourage fellow employees, motivate, make personal development plans, increase customer retention, conduct evaluations for performances of staff members and employees and provide steps to ensure quality maintenance and assurance. Team meet will take place annually for announcement of growth, feedbacks for improvements and reconsidering certain policies or making suggestions for new ones.

Managerial layer are also part of the team that will provide services to clients, or will lead other employees as a team. There are managers who lead the hair department and also work ...