| What is a business plan? A plan is a way to prepare | | | | questions. |
| for your salon business. With a plan, you can map out | | | | 4. Marketing Brainstorming ways to promote your |
| the future of your salon, prepare for any problems and | | | | business. This may include word of mouth, |
| find resources that will help make your salon | | | | advertisements and utilization of a business website. |
| successful. Here are 6 steps for a simple business | | | | 5. Workforce Describes staff responsibilities and roles |
| plan. | | | | in your beauty salon business. It also lists qualifications |
| 1. Executive Summary A short summary of the | | | | for each position. |
| information included in your business plan. Information in | | | | 6. Financial Analysis Figuring out how much different |
| your plan includes strategy, competition, marketing, and | | | | aspects of your salon business will cost and what |
| ideas. An executive summary is usually less than 2 | | | | your profit will be in the future. |
| pages. | | | | These 6 steps will give you a general idea of what a |
| 2. Company Description Describes your business and | | | | typical business plan entails. As you continue with the |
| what it entails. It talks about the goals, mission, assets, | | | | plans for your salon business, your plan will have to be |
| and start up-plans for your beauty salon business. | | | | more thorough. There are various resources available |
| 3. Market Analysis An evaluation of what your | | | | that provide outlines of plans specifically for salon |
| customers will want and need. It also scopes out the | | | | businesses. One such resource is The Business Plan |
| competition within your area. Market research is used | | | | for Your Salon. |
| in order to find the answers to these types of | | | | |