Life Men & Women Salon Business Plan

I. The Problem/Need A. There are no businesses offering the same services we want to offer in the place and we think we can provide the needs and wants of the target community by putting up this business, we assure the community, costumers that we can provide the needs and wants. We also assure to satisfy them with the good services we will offer. B. We decided to put up Life Salon in the community to lessen the expenses and save the time of the costumers. We think that costumers will patronize Life Salon because of the services we will offer and also because of the costumers proximity to the business location. C. The owners come up with this specialty store to satisfy the costumers with our services. Based on the survey we conducted we learned that people in our target community spend more money just to reach specialty stores like salons. II. Vision, Mission and Values A. Vision We want to see the customers happy because the salon is nearer than other salons. B. Mission To supply services and products that enhance our clients' physical appearance and mental relaxation. C. Values Humble, Thoughtful, Hospitable III. Marketing Plan A. According to the survey conducted in the baranggay, our target community people need our salon services like hair and facial treatment, manicure, pedicure, spa and more. We saw that there is no other salon business in area so we decided to put up this business. B. The Life Salon comes up with some promo like putting some discounts to attract customers. We would like to give the best service to our customers

the

the

through our skilled, oriented, and trained subordinates or employees. We decided to handle the business by partnership. IV. Production/Technical Plan A. Services Offered

Hair Treatment Facial Treatment Manicure Pedicure Spa Home Service

B. Operating Strategies

We have conducted a market survey in the community to know their need and wants.

C. Critical Risk We do not see much risk in the location because we are the first business men to put up this business in the location. However we will assign one security guard for the security of the costumers and the employees in case of emergency. We will try to offer lot of promo to encourage the costumers to patronize our salon. We will also use some advance technology to our customers better.

serve

V.

Organizational/Management Plan Members Owners - Financial 5 employees(stylist) - Service 1 Security Guard - Security

IV.

Operational Plan

A. Identify how will you implement your business. Assign responsibilities of tasks and schedule your deliverables and necessary recourses? You may create a work breakdown schedule to develop estimates, assign personnel, back progress and show the score of work of each department/individual. B. Monitoring and evaluation What outcomes are you trying to achieve for you target? How will you monitor your achievements? What are your performance targets? You may create timeline on when these will be achieved.

Section 5. Sustainability

I.

Financial Plan A. The average investment needed for the business is Php. 75,000.00 each individual, for a total of Php. 150,000.00

B. The specific investments needed in 1-2 years is 500,000-700,000 pesos.

C. As partnership we decided to have a 50% each as a contribution.

D. To start the business we plan to get the financial need in our own personal investments.

E. After 2-3 years the salon will generate profit.

II.

Social Impact A. Our long-term desire is to satisfy customers need and wants and to get back our investments.

B. Life Salon is open for customers suggestions, comments, needs and wants.

C. What is the impact of the business to the community? (Employment, women, quality of living, knowledge created, potential longterm spin offs.)

Section 6. Addendum (Pictures and documentation materials, if available)

Materials
Item Quantity 2 Price

P 20,000.00 each

Salon Ch air
4

P 490.00 each

Scissors Spa Products

P 3000.00

P 20,000.00

Make-up Brush Set43pc 1

P 18,600.00

Dual Person Foot Spa Cl eanse Ion Detox Machine-p18600 4

P 300.00 each

Manicure Set Stainl ess Steel Other necessities for Facial and Hair Treatment

P 10,000.00