This business development plan is for a sole proprietorship hair dressing salon located in Maitidevi, Kathmandu. The salon offers services like hair cutting, coloring, treatment and beauty services. It aims to provide excellent customer service and quality products at affordable prices. The plan outlines the capital structure, products/services, pricing, marketing strategies, and SWOT analysis. Financial projections show increasing sales and profits over 5 years with strong financial ratios and a short payback period.
2. Background
2
Cash cow business
Needs small investment
Labor intensive
3. Business profile
3
Sole proprietorship business
Location: Maitidevi
Capital Structure
Particulars Weight Amount
(Rs)
Owners’ 60% 165,960
Equity
Debt 40% 110640
Total 100% 276600
4. 4
Mission: provide excellent service to the
customers
Vision: reputed hair dressing saloon in
Kathmandu
Keys to success:
• Prime location
• Highly trained and friendly hair dressers
• Free counseling service
• Quality service at most affordable price
• Guaranteeing our products
5. Products and Services
5
1. Hair treatment
2. Beauty and massage
3. Sale of beauty related products
7. SWOT Analysis
7
Strengths:
Most accessible location of salon
Friendly and well trained beauticians
Free counseling and consultation service
Offers a wide range of hair and beauty products
Excellent customer service
8. 8
Weakness:
Limited to male customers only
Have no massage and spa facilities
Limited Brands of hair and beauty products
9. 9
Opportunities:
New hair styles and fashion entering among
the youths
People becoming more conscious about hair
style
Opportunity to grow differently as branding
Change in the life style of people
Imitation from celebrities
10. 10
Threats
Intense competition
Beauty parlors exercising the work of barber.
Political instability and strikes
Invention and exercise of hair cutting tools to
be used at home
11. Marketing Strategies
11
Market segmentation
• Gender
• Age group
• Income level
Target Market
• Male of age group 16 and above
• People who want to look stylish
• High and upper middle class people
• People updating with the fashion
Good morning everyone, my name is Ramesh Aryal and I am going to present the business development plan on a very attractive business that needs very low capital and gives very high return. That’s barber shop, and the name of the firm is “fine hair arts”
Barbor shop is the cash cow business because: people have their hair cut regularly for the purpose of either sanitation of style, fashion or may be compulsion.
So this slide talks about the strengths of the firm:you can read out…
Mugcut, deadlocks, ghajinicut, I don’t know about girls, but if boys looks at the mirror, the first thing they watch is their hair style.Imitations are being made from the celebratiesghajini, trenam, balatali, beckham, and even our rajeshdai.
We have made a tag line as “ explore the beauty of your hair” and customer remembers us as the shop that provides quality service at most reasonable price.
Marketing mix ie 4Ps First product: for us, product is providing excellent service to the customers and the sale of beauty related products. There wont be any limitations in the quality of products and services offered.Price: the price is most reasonable. We are providing service at the floor rate.Place: I don’t know how many heart that kathmandu valley has, but I call maitidevi one of the prime location. Promotion: although promotion like radio jingles will be played, but assumption is on “reference” ekkan 2 kanmaidan.