PLAN FOR HAIRDRESSING

Business plan for hairdressing

[Author name]

[Instructor name]

Table of Contents

Executive Summary1

Introduction2

The business plan2

Target market2

Location3

Business Objectives3

Business structure3

Manpower requirements3

Logistics and daily operations4

Marketing and promotion5

Legal requirements and legislation5

Sources of funds5

The Financial plan5

Conclusion7

References9

Appendix - I11

Suppliers11

Appendix - II12

Balance sheet12

Income statement13

Cash flow statement14

Executive Summary

This business plan aims to build the business of providing hairdressing and beautician services in the Yardley area of Birmingham. The business is structured as a sole proprietorship due to obvious reasons of being a small business.

Furthermore, the target market has been segmented on the basis of age, gender, quality and customization. There is very little competition in the area and the population is also huge to get the desired revenues. The unique selling proposition of the business is to provide quality, customized services to customers at their footsteps.

The businessperson intends to render self services with no workers. The senior management will comprise the only owner and hairdresser and beautician. The management team in the owner is expected to be strong.

There are very less legal requirements related to formulating and running this business. The suppliers of the business had been selected. The business is carried out through a hired van. The van facilitates the service of the hairdresser and beautician. The van operates from 6 am in the morning to 12 in the midnight. The service is available in the entire region.

It is expected that the business will flourish well. It has been projected that the first year net income will be £41,900. This income has been arrived at with realistic estimates. The owner will withdraw the capital within the first year. It is expected to make a return on investment of about 20 percent. Furthermore, the future prospects of the business also look bright however the growth potential and the profit, revenues, cost, expense structures and the asset and liability structures of the business are expected to change drastically.

Introduction

This business plan intends to start a business in the Birmingham Yardley area of providing hairdressing and beautician services which are mobile.

The business plan

Target market

Our segmentation is done on the basis of geographic location (Yardley area), gender (females only), age (all ages), accessibility (available at footstep), need for customization (full customization) and need for quality (high quality) (Business Planning Center, 2012).

Our Unique Selling Proposition (USP) is providing high-quality service to the customer at his footsteps with bespoke customization.

Market analysis

There are about 100 hairdressers in the greater Birmingham city (Yell, 2012). However, there would be only about 7 to 10 hairdressers in the Yardley area. However, none of them will be providing mobile services the way we will do.

The total population of the Yardley area is about 53,000 people (27,000 in South Yardley Ward, and another 25,000 in the Stechford and Yardley North Ward) (Brumagem, 2011). This is a huge population to be catered by only 10 hairdressers. Therefore, there is a huge market potential for our business.

Location

The location of the business is limited to providing services in the Yardley area of Birmingham with a mobile van containing the hairdresser/beautician's complete hair saloon and beauty ...