Will you offer extra services to your clientele such as coloring hair? If there are lots of local businesses surrounding from which you may receive clientele then state that here.
You can always hire a CPA to help develop the financial section of your business plan. How will you achieve your desired position? You'll need to include the following: A Sales Forecast A detailed spreadsheet that projects your sales over the next three years.
This could be anything from families, working professionals, or high-end customers. Appendix Your appendix is where you'll place any other relevant material that you think may help you in the future. You may even want to include a table of contents.
This should include owners, stylists, front desk staff and service providers. First, define the type of clients you would like to attract. Our Specific Marketing Plan PandaTip: After determining your demographic and analyzing your competition, you should go into detail as to how you will appeal to that demographic over your competition.
Local Competition - Look into surrounding salons and determine how you'll position yourself to compete for business. A Break-Even Analysis A three-year prediction of your break-even point — that is, when your expenses including interest match or are exceeded by your sales. Additionally, you may want to get into some details that may be relevant here.
This loan will be paid from the cash flow from the business, and will be collateralized by the assets of the company, and backed by the character, experience, and personal guarantees of the owners.