Question

Create a simple Hair Salon business plan using these topics:

Overview

*Ownership and structure

*Company and History

Team

*Management team

* Advisors

Operations

*Location & Facilities

*Technology

*Equipment & Tools

Milestones & Metrics

*Milestones Table

* Key Metrics

Answer 1

A Sample Hair Salon Business Plan Template
Hair Salon Business Overview
Hair business in America, as well as in other parts of the world is a money making venture. In the United States for instance, those who own hair salons are considered as those who run essential services, since both men and woman are known to want to care for their hair.
Many Africans for instance who reside in several states in the United States of America have taken to the hair making trade. As such they set up hair salon businesses, so as to have a fair share of the profits that this industry promises.
Sample Hair Salon Business Plan – Executive Summary
Introduction
HairDo is a hair salon that allows the both male and female folks to have their hair needs satisfied in one convenient visit. Without disputing, there are quite a number of quick fix salons like HairDo and we are set to make a difference.
At HairDo beauty Salon, it is a different ball game altogether, as maximum flexibility and sturdy customer attention is to a large extent guaranteed. HairDo without mincing has plans in place to become the one stop hair salon when satisfying her clients comes to mind. As such, we will sure gain significant market share and create serious long-term relationships with our clients.
The Company
HairDo is a hair business corporation,
Activities such as hiring and training, purchasing, and retail sales are what she/he will look into. She will also be responsible for hiring all the employees like the receptionist, who will be responsible for receiving guests as they come in, the hair stylists, the accountant/ cashier and what have you. There will also be other workers- precisely six of them.
Our Service Offering
This is why we have done our homework well and have come up with the type of services that we will be offering the public. The services we shall render include;
Fixing of Weaves
Braiding
Relaxing the hair
Barbing the hair
Dying of Hair
Manicure
Pedicure
Our Vision Statement
Our aim in business is to be your one stop shop, where the hair and appearance of our customers is uttermost.
Our Mission Statement
Our mission is to build a very creative hair salon brand, where all and sundry can turn to so that their appearance can be enhanced.
Business Structure
Hair Do as stated earlier upon commencement is supposed to be a small scale business, however, there are plans to upgrade as the business booms and births other branches in and around New York.
As a matter of importance, we plan to have a structure with the best combination ever. This is because we are really particular about the quality of service that gets offered. It is for that reason that we hire people to occupy the following positions.
Chief Executive Officer – Owner
Manager – Hair Stylist
Receptionist
Accountant/ Cashier
Barber
Hair stylist 1
Hair Stylist 2
Cleaner
Greeter/ Security Man
Roles and Responsibilities
Chief Executive Officer (Owner):
Responsible for providing direction for the business.
Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
Manger – Hair Stylist
Carries out the vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
Responsible for managing the daily activities in the salon.
Receptionist:
Makes sure that all clients waiting to make their hair are comfortable and well attended to.
Welcomes potential and old clients into the salon.
Carries all other duties as directed by the manager.
Accountant / Cashier:
Collects payment for the services rendered.
Prepares financial report at the end of every working week
Hair Stylist
Sees to it that all clients are promptly attended to.
Makes nice hair styles for clients
Carries out all other duties as assigned by the manager.
Barber
Manages the barbing arm of the saloon
Handles any other duty as assigned by the manager
Carries out all other duties as directed by the manager or CEO.
Cleaner
Sees to it that the salon environment is spic and span
Opens up the office for business every day.
Is always on ground to clean and maintain the interior and exterior of business.
Greeter/ Security Man
Welcomes people as they make way into the salon.
Opens up the door for those coming in.
Sample Hair Salon Business Plan Template – SWOT ANALYSIS
Strength:
We believe that with our strength,   we will be able to attract a good number of people. The type of equipment that is procured is such that makes our work pretty easy.
Weakness:
It is no longer news that the competition rate in the hair salon business is one of the highest all over the world. This means that we have to brace yup for ample competition. Nonetheless, we shall continue to do our best to see that we bridge a gap between our strength and weakness.
Opportunities
Without mincing words, New York is one business district that boasts of an avalanche of clients. This is why we are located in such an area to start with. We know without reservation that we shall attract all and sundry when we kick start operation. Already the number of salons that are located in the vicinity where we plan to operate doesn’t meet the full needs of the people. As a result, we know that with us being there, and with the   type of services we want to offer, and how we want to offer them, we shall break even pretty soon.
Threat:
Some of the threats that are likely going to confront Hair Do Salon might be losing our clients to other competitors. If we win them over and are not able to give them the best of services, then there might be likelihood that we lose them again.
Sample Hair Salon Business Plan – Market Analysis
Market Trend
The Hair Salon market is a market that is solely dependent on one vital factor; and that factor is that at least people- especially the female folk visit the salon nearly all weekend. This is because of the need to wear different looks. These days’ salons also incorporate other services like the manicure and pedicure services. In other words, they kill more than a bird with just a stone. When a hair salon is well positioned and have sent out the right words, plus have well trained workers, then there will always be success achieved.
Target Market
Before choosing a location for HairDo Hair salon, we conducted our feasibility studies and market survey and we were able to identify those who will benefit greatly from our service offerings. Every detail is written in our hair salon marketing plan. Basically, those who will benefit from our service offering are adults- both male and female, as well as children. This type of folks cut across various sectors of the economy. Our target customers can be classified into different groups.
We are set to market our services in our neighborhood, talk to different people, corporate executives, business owners, celebrities, amongst many others. These are the category of people that we intend marketing our hotel to;
Corporate Executives
Business People
Parents and Guardian
Celebrities
Teenagers
Students
Marketing Strategy and Sales Strategy
The marketing strategy for HairDo salon is going to be driven basically by excellent customers service and quality service delivery. We will ensure that we build a loyal customer base. We want to offer the best services to our customers, so that they can readily help refer folks who might be in need of our services. We are not undermining the fact that first impressions lasts a great deal which is why we have put everything in place to see that we give each client a wow moment so that they can unreservedly ell others.
Start – Up Expenditure (Budget)
This is the key areas where we will spend our start – up capital on;
The Total Fee for Registering the Business Manhattan, New york: $750.
Legal expenses for obtaining licenses and permits: $1,500.
Marketing promotion expenses (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
Cost for hiring Consultant – $2,000.
Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $30,800.
Cost of accounting software, CRM software and Payroll Software – $3,000
Cost for leasing facility for the salon: $70,000.
Check List / Milestone
Business Name Availability Check:
Business Registration:
Opening of Corporate Bank Accounts:
Securing Point of Sales (POS) Machines:
Opening Mobile Money Accounts:
Opening Online Payment Platforms:
Application and Obtaining Tax Payer’s ID:
Application for business license and permit:
Purchase of Insurance for the Business:
Acquiring facility and remodeling the facility:
Conducting Feasibility Studies:
Generating capital from family members:
Applications for Loan from the bank:
Writing of Business Plan:
Drafting of Employee’s Handbook:
Drafting of Contract Documents and other relevant Legal Documents:
Design of The Company’s Logo:
Graphic Designs and Printing of Packaging Marketing / Promotional Materials:
Recruitment of employees:
Purchase of the Needed carwash equipment, electronic appliances, office appliances and bar accessories:
Creating Official Website for the Company:
Creating Awareness for the business both online and in the neighborhood:
Health and Safety and Fire Safety Arrangement (License): Secured
Opening party / launching party planning:
Establishing business relationship with vendors – suppliers of all our needed carwash accessories, drinks, and tobacco et al: