The first section of your salon business plan should include a summary of the entire business plan and a company profile that lists your goals in the next five years.
This is often known as an abbreviated five-year plan, and should clearly summarize where you want to locate your business, the costs of operating the business in the first five years, your projected revenue and liabilities during those five years, and the goals you want to achieve in that time period.
Writing a business plan is a basic requirement for entrepreneurs seeking investment in a startup or business owners looking to expand or upgrade their facilities.
Contrary to popular opinion, however, not all business plans are crafted the same.
3.0 Products and Services COMPANY NAME is considered an upscale full-service beauty salon.
The company will offer a wide range of services that include: • Hair: cuts, relaxers, perms, colors, shampoo, conditioning, curling, reconstructing, weaving, and waving.
A mission statement is a summary of the purpose of your company, and in one sentence, should provide readers with the reason your business exists.A USP is what makes your products and services different from everyone else that offers the same product or service.For example, if your salon’s services are 25 percent less expensive than the prices of your competitors, include that USP in your business description.The company will provide quality hair services, along with top lines of beauty products.What will set COMPANY NAME apart from the competition is the company's commitment to providing all of these services in one convenient location.A vision statement is similar to a mission statement, but instead of describing what your business is in the present, a vision statement is all about describing your company’s future aspirations and goals.For example, a mission statement for a salon could be, “XYZ salon wants to use the Aveda concept to provide you with salon services that not only make you beautiful, but also promote mind, body, and spiritual healing.”You must also include market research in your business plan that demonstrates your thorough knowledge of your target audience, the successes and failures of all competing salons in the city where your salon will be located, and how your salon will take advantage of marketing trends to provide an alternative to existing salons.Close personal attention to customer is essential to providing a quality experience for customers; therefore, adequate personnel will be hired to ensure each customer has the proper attention in the COMPANY NAME salon.1.3 Keys to Success The keys to success in our business are: • Location: providing an easily accessible location for customers.• Reputation: reputation of the owner and other "beauticians" as providing superior personal service.2.0 Company Summary COMPANY NAME will, upon commencement of operations, sell a wide range of beauty services and products.