Hair Salon Business Plan Sample Outline
Every salon owner and independent hair stylist should create a business plan for themselves.? This hair salon business plan sample outline will list the components you need to create your own hair salon business plan.
Planning your Business Salon through Social Medisa
A business plan is important because it helps to keep you focused and give you direction for your business.? It is a document that you will be able to refer to for years to come.? Many salon professionals are under the impression that only new salon owners and stylists should create a business plan.? I beg to differ.? It doesn?t matter if you have been in business for one day or twenty-five years, drafting a business plan is a smart thing to do from a business perspective.
Preparation Tips
Before you sit down to craft your business plan there are a few things you will need in order to complete the assignment.
You will need to research your competitors in the surrounding area where you will be opening your business.? This is important because when you get to the market analysis area of your business plan you will need to communicate what differentiates you from them.? This is also a good time to investigate what is working for them and whats not.? This will clue you in on your keys to success.
I also suggest you already have a list prepared of what equipment and products you will need for your salon.? Taking the time to narrow your product choices down before you start your business plan will save you time and frustration.? Gathering the cost of these items will help you with the information you need for your start-up area.
Finally, make sure you conduct a demographic research to find out who your target market is, their income and status.? This is information that will placed in market analysis section.? Imagine if you go ahead and research this information beforehand you might find out that the area where you are planning to open your salon may not be the area for you.? This can keep you from having to redo your entire business plan.
Business Plan Suggested Outline (Palo Alto Software)
1.? Cover Page
2.? Legal Page (Confidentiality Agreement)
3.? Executive Summary
- Objectives
- Mission
- Keys To Success
4.? Company Summary
- Company Ownership
- Start-Up Summary
5.? Services
6.? Market Analysis Summary
- Market Segmentation
- Target Market Segment Strategy
- Service Business Analysis
7.? Strategy & Implementation Summary
- Competitive Edge
- Marketing Strategy
- Sales Strategy & Sales Forecast
- Milestones
8.? Management Summary
9.? Financial Plan
- Break Even Analysis
- Profit & Loss Projections
- Cash Flow Projections
- Balance Sheet Projections
This outline for this hair salon business plan sample should be used as a guide while creating your own.? Feel free to add additional areas to your business plan if needed.? If you would like different examples of business plans there is a good software out there called Business Plan Pro by Palo Alto Software that you may find to be very useful and informative.
Remember you business plan is your blueprint and map.? Take the time to lay it out carefully.? Do you know the 5 marketing mistakes that keep salon owners poor?
To Your Success,
Natalie
Source: http://salonbusinessmarketingtools.com/software-and-tools/hair-salon-business-plan-sample-outline/
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