Beauty and the Beast

In: Business and Management

Submitted By bing2113
Words 559
Pages 3
A Business Plan for Beauty Shop A beauty shop, like any other business must be planned and operated very carefully to ensure both its functionality and longevity. This provides the business with structure and helps to eliminate any mishaps from happening which could lead to any number of grievances. Here is a short list which could help in planning to start one’s own beauty shop. 1. Locate the target market- basically before starting a business you need to know where you want the business to operate out of. So finding the right location in which you think will provide the most success is vital. Things such as competition (other beauty shops) could decrease the chances of building a good clientele. 2. Gather the appropriate funds- once the optimal location is found, and at a price which seems fit at the time, it is now time to start number crunching. Gather all information on any, or all money purchases that is needed to buy or rent the shop along with any start-up costs, and gather any monetary funds needed. Before going into a business it is VERY advisable to have good credit standing in case of any loans etc. or have the money on hand. (Money on hand is less risky than taking out a loan but a loan leaves room for profit earlier whereas you don’t break the bank paying all the money at once.) Also do not expect profit right away. While all the start-up costs for a business do pile up and seems very discouraging, this is not out of the norm. Many businesses do not see profit for the first two months. This should be planed for as well. 3. Locate employees/co-workers- now that you are starting to break ground and have paid for your business, it’s time to find some beauticians, secretaries, or employees to help run the shop and keep the money moving. The hiring process is vital in that you want to hire people who will create a good working environment as…...

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