ProfitableVenture.com

Helping You Start a Business With Less Risk!

A Sample Mobile Hair & Beauty Salon Business Plan Template

Are you about starting a hair and beauty salon business? If YES, here’s a complete sample mobile hair salon business plan template & feasibility report you can use for FREE to raise money.

Okay, so we have considered all the requirements for starting a mobile hair salon. We also took it further by analyzing and drafting a sample mobile hair salon business marketing plan template backed up by actionable guerrilla marketing ideas for mobile hair salons. So let’s proceed to the business planning section.

Why Start a Mobile Hair Salon Business?

Setting up a mobile hair salon business could be a fun, profitable and an interesting business for someone who is skilled in the trade and with business perseverance and smartness. With the right location, top-notch service and good marketing, you can serve large customers who feel comfortable having their hair made right in their houses or any location of their choice.

However, starting up a mobile hair salon business may not require huge start – up capital, it also needs a significant investment capital, solid planning, and concentration to detail in order to keep your business profitable.

Mobile hair salon business eliminates the need for a physical business location, therefore limiting start-up costs considerably. An aspiring entrepreneur can successfully start a mobile hair salon business with inexpensive supplies and tools and grow as needs arise.

As a mobile hair stylist, you will perform your jobs in customer’s home, hotels, hostels, camp grounds and any private location, giving you the advantage of visibility for marketing purposes. The downside includes not being able to work outdoors in inclement weather and the limitations of having to travel with all necessary tools and supplies, including large quantities of water.

Just like any other business, the demand for mobile hair salon services usually declined during recession period / economic downturn and this is due to the declining household spending on beauty and grooming services and reduced demand from business clients. As the economy grows, and income increases, there will be corresponding increase in the demand for hairdressing and beauty related services.

A Sample Mobile Hair & Beauty Salon Business Plan Template

  • Business Overview

The Hair Salon industry of which mobile hair salon belongs to includes salons that primarily offer hair care services such as haircutting, hair coloring and hairstyling services. Additionally, most hair salon usually provide other related services such as manicure and pedicure, facials and makeup applications (except permanent makeup) and retail beauty products.

The Hair Salon industry has managed to untie its early post recessionary knots. No doubt, the positive change in consumer sentiment and per capita disposable income have boosted the industry growth and revenue in recent years. This has also led to increased demand for ancillary services to standard haircuts, such as hair modification treatments (e.g. straightening procedures and perms), skin-care services and massages.

Going forward, the industry is forecast to exhibit more steady growth. Per capita disposable income and consumer confidence will keep rising as the unemployment rate continues to decline, providing consumers with more discretionary income for luxury services at hair salons or mobile hair salon.

The Hair Salons industry of which mobile hair salon business belongs to is indeed a growing industry and pretty much thriving in all the parts of the world especially in developed countries such as United States of America, Canada, United Kingdom, Germany, Australia and Italy et al.

As a matter of fact, there are no companies with a leading market share in the industry. Statistics has it that in the United States of America alone, there are about 1,002,479 licensed and registered hair salons / mobile hair salon businesses responsible for employing about 1,400,744 employees and the industry rakes in a whooping sum of $42 billion annually with an annual growth rate projected at 1.3 percent.

In recent time, the Hair Salons industry has been busy with cosmetic improvements over the last five years. Although, demand, especially for the industry’s luxury services such as permanent hair texture modification, facials and massages, stagnated during the early recovery period, demand for industry services grew steadily over the last five years.

With consumer confidence rising, the period of economic recovery has consumers returning to hair salons for such discretionary services. Consequently, the revenue generated in the industry is projected to increase at an average annual rate of 1.3 percent to $42.4 billion over the next five years.

Over and above, mobile salon businesses all over the world are still enjoying good patronage particularly if they are well positioned and if they know how to reach out to their target market.

Mobile Hair Salon Business Plan – Executive Summary

The name of our company is Nora Bee™ Mobile Hair Salon; we are a registered and standard mobile hair salon business that is incorporated under the law of the United States of America.

Although our core business is mobile hair salon, we will secure a small office facility (hair salon) in a densely populated business district in the heart of Atlanta – Georgia, U.S. We are strategically positioned in between a residential center and an industrial hub and we are set to services the whole of the community both corporate clients and individual clients alike.

Our basic service offering to our highly esteemed customers as a mobile hair salon company will revolve around haircutting services, hair coloring services, other hair services, resale of merchandise and cosmetic products, skin care services, manicure and pedicure services, massage services, providing hairstyling services, providing temporary makeup services, providing facials and skin care services and other complimentary services et al.

Our intention of starting a mobile hair salon business is to offer only the above stated services, but we will not close our doors to diversification (additional services) as long as it does not affect our core services. In the bid to maximize our position as the leading mobile hair salon company in Atlanta – Georgia.

At Nora Bee™ Mobile Hair Salon, we are passionate in the pursuit of excellence and financial success with uncompromising services and integrity which is why we have decided to start our own mobile hair salon business; we are in the industry to make a positive mark.

We are quite optimistic that our values and quality of service offering will help us drive our mobile hair salon business to enviable heights and also help us attract the numbers of clients that will make the business highly profitable. We are a company that will be dedicated to establishing good business relationship with our clients giving them value for their money and reasons for them to hire our services over and over again.

We are quite aware that in order to become the number one choice in our city, we must continue to deliver quality and affordable services and that is exactly what we will do. We are open to the use of latest technology in the Hair Salons industry. No doubt our excellent customer service, honesty and the range of services we offer will position us to always welcome repeated customers.

Nora Bee™ Mobile Hair Salon Company is owned and managed by Ms. Nora Bash Edwards and her family. Ms. Nora Bash Edwards is a hair stylist per excellence; she has well over 15 years of experience managing some of the leading hair salons and make – up and cosmetic brands in different cities in the United States of America and Canada prior to starting Nora Bee™ Mobile Hair Salon Company.

  • Our Service Offerings

Nora Bee™ Mobile Hair Salon Company is a standard and well – equipped mobile hair salon company that offers a wide range of services that revolves around the Hair Salons industry and other complementary services. We intend giving our customers every reason to always hire our services which is why we have customized our services. Basically, our services will involve us going out to services of clients’ needs.

These are the services we will offer as a mobile hair salon company;

  • Haircutting services
  • Hair coloring services
  • Other hair services
  • Resale of merchandise and cosmetic products
  • Skin care services
  • Manicure and pedicure services
  • Massage Services
  • Providing hairstyling services
  • Providing temporary makeup services
  • Providing facials and skin care services
  • Other complimentary services

Our Vision Statement

Our Vision is to become the number one mobile hair salon company in the whole of Atlanta – Georgia with active presence in major cities in the United States of America and Canada.

  • Our Mission Statement

Our mission as a mobile hair salon company is to develop a highly successful, and profitable – all round mobile hair salon business which provides quality hair dressing and beauty services in our community and to become a standard for an ideal mobile hair salon business not only in the State of Georgia but also throughout the United States of America and Canada where we intend selling our franchise.

  • Our Business Structure

We are quite aware that the success of any business lies in the foundation on which the business is built on, which is why we have decided to build our mobile hair salon company on the right business foundation.

As a matter of fact, we are set out to build a mobile hair salon business that will be a standard for the mobile hair salon line of business in the United States of America and Canada. We want to build a business of dedicated workforce who will go all the way to ensure that our customers are satisfied and they get value for their money.

In other to achieve this, we aware that it takes a business with the right employees and structure to achieve all what we have set to achieve, which is why will be putting structures and processes in place that will help us deliver excellent services and run the business on auto pilot. The success of our mobile hair salon business will be anchored on the team not on any individual.

With the wide range of our service offerings, we are only expected to employ more than it is required to run a conventional mobile hair salon business. Definitely, we will have various employees to man the various services offering of Nora Bee™ Mobile Hair Salon Company.

Nora Bee™ Mobile Hair Salon Company will employ professionals and skilled people to occupy the following position;

  • Chief Stylist – Manager (Owner)
  • Accountant / Cashier
  • Marketing and Sales Executive
  • Client Service Executive
  • Field Workers (Mobile Hair Stylist, Hair Dressers and Barbers et al) (6)
  • Truck / Van` Driver

Roles and Responsibilities

Manager (Owner):

  • Responsible for providing direction for the business
  • Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals and payment of salaries
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Responsible for managing the daily activities in the organization
  • Ensure that the office facility (hail salon)  is in tip top shape and conducive enough to welcome customers
  • Prepares budget and reports for the organization
  • Defining job positions for recruitment and managing interviewing process
  • Carrying out staff induction for new team members
  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Design job descriptions with KPI to drive performance management for all employees
  • Regularly hold meetings with key stakeholders (clients and member of the board) to review the effectiveness of the business Policies, Procedures and Processes
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Defining job positions for recruitment and managing interviewing process
  • Carrying out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Oversee the smooth running of the daily activities of organization.

Marketing and Sales Executive

  • Identify, prioritize, and reach out to new clients, and business opportunities et al
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of proje
  • Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy
  • Responsible for handling business research, market surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develop, execute and evaluate new plans for expanding increase sales
  • Document all customer contact and information
  • Represent Nora Bee™ Mobile Hair Salon Company in strategic meetings
  • Help increase sales and growth for Nora Bee™ Mobile Hair Salon Company.

Accountant / Cashier

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for the organization
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for Nora Bee™ Mobile Hair Salon Company
  • Serves as internal auditor for Nora Bee™ Mobile Hair Salon Company.

Client Service Executive

  • Welcomes clients and visitors by greeting them in person or on the telephone; answering or directing inquiries.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the manager in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ products and, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

Field Workers (Hair Stylists, Hair Dressers and Barbers et al) (6):

  • Responsible for handling haircutting services, hair coloring services and other hair services
  • Resale of merchandise and cosmetic products
  • Handle skin care services
  • Handle manicure and pedicure services
  • Responsible for handling massage Services
  • Providing hairstyling services
  • Providing temporary makeup services
  • Providing facials and skin care services
  • Handle any other duty as assigned by the manager

Truck / Van Driver:

  • Responsible for transporting equipment, supplies and workers to project site
  • Run errand for the organization
  • Handle any other duty as assigned by the manager.

Mobile Hair Salon Business Plan – SWOT Analysis

Mobile hair salon business is one of the many businesses that can easily generate sales with little stress as long as they are well positioned and equipped to carry out their services. We are building a standard mobile hair salon business with variety of services which is why we have decided to subject our business idea (company) to SWOT Analysis.

Ordinarily we can successfully run a normal mobile hair salon business without the stress of going through the required protocol of setting up a new business including writing a detailed business plan, but because of the nature of the kind of mobile hair salon business we want to establish, we don’t have any option other than to follow due process.

We hired the services of Mr. Coleman Carrington, an HR and Business consultant with bias in start – ups to help us conduct SWOT analysis for our company and he did a pretty job for us. Here is a preview of the result we got from the SWOT analysis that was conducted on behalf of Nora Bee™ Mobile Hair Salon Company, Atlanta – Georgia;

  • Strength:

Nora Bee™ Mobile Hair Salon Company is centrally located in a densely populated industrial and residential estate in Atlanta – Georgia; our location is in fact one of our major strength. We have a well – equipped state of the art mobile hair salon equipment and tools and we are also one of the very few mobile hair salons in the whole of Atlanta – Georgia that offers a wide range of services for both households and corporate clients.

Another strength that counts for us is the power of our team; our workforce and management. We have teams that are considered experts in the hair salons industry, a team of hardworking and dedicated individuals.

  • Weakness:

Nora Bee™ Mobile Hair Salon Company is a new business which is owned by an individual (family), and we may not have the financial muscle to sustain the kind of publicity we want to give our business. As a new business, we are also quite aware that it will take time for us to build trust with our clients.

  • Opportunities:

We are centrally located in one of the busiest area in Atlanta – Georgia and we are open to all the available opportunities that the city has to offer. Our business concept also positioned us to be a one stop shop in the mobile hair salon line of business.

The truth is that there are no standard and well – equipped mobile hair salon businesses within the area where ours is going to be located; the closest mobile hair salon company to our proposed location is about 6 miles away. In a nutshell, we do not have any direct competition within our target market area.

  • Threat:

Some of the threats that are likely going to confront Nora Bee™ Mobile Hair Salon Company are unfavorable government policies, seasonal fluctuations, demographic / social factors, downturn in the economy which is likely going to affect consumers spending and of course emergence of new competitors within the same location where our target clients are located.

Mobile Hair Salon Business Plan – MARKET ANALYSIS

  • Market Trends

Hair salon / mobile hair salon business responds to the increase in household spending; the trend of the market can be predicted without stress.

The Hair Salon industry has managed to untie its early post recessionary knots. No doubt, the positive changes in consumer sentiment and per capita disposable income have boosted the industry growth and revenue in recent years. This has also led to increased demand for ancillary services to standard haircuts, such as hair modification treatments (e.g. straightening procedures and perms), skin-care services and massages.

Going forward, the industry is forecast to exhibit more steady growth. Per capita disposable income and consumer confidence will keep rising as the unemployment rate continues to decline, providing consumers with more discretionary income for luxury services at hair salons or mobile hair salon.

The trend in the hair salons industry is that most hair salons and mobile hair salons in the bid to survive the recent global economic meltdown included additional services to their core service offerings. Some hair salons and mobile hair salons includes complimentary services such as retailing hair care and beauty products, facial tanning and grooming services amongst many others.

It is much easier for hair salons and mobile hair salons to increase their revenues by diversifying as against increasing the scope of their market.

  • Our Target Market

Before choosing a location for our mobile hair salon business, we conducted our feasibility studies and market survey and we were able to identify those who will benefit greatly from our service offerings.

Basically those who will benefit from our service offering are households, hotels, hospitals, hostels, and camp grounds et al. They cut across different sectors of the economy.

The demographic component of those who need the services of mobile hair salon services spreads across the public sector, the organized private sector, and individuals from different strata of the society and from all walks of life. Below is a list of the people and organizations that our mobile hair salon services are designed for;

  • Celebrities
  • Busy business men and woman
  • Households
  • Corporate Executives
  • Business People
  • Hotels
  • Hospitals
  • Hostels
  • Camp grounds

Our Competitive Advantage

Mobile hair salon business is an easy to set up business that does not require huge capital base to achieve; anybody can set a mobile hair salon business if they have the required skills. It means that the possibility of mobile hail salon businesses springing up in the location where our mobile hair salon business is located is high.

We are aware of this which is why we decided to come up with a business concept that will position us to become the market leader in Atlanta – Georgia.

Our competitive edge is that we are standard mobile hair salon business that has loads of complimentary business offerings that can easily assist us in attracting customers within the radius of our mobile hair salon business operations.

We can confidently say that the location of our mobile hair salon business will definitely count as a positive for us amongst any competitor that might start a mobile hair salon business in same location where ours is located.

For the time being, Nora Bee™ Mobile Hair Salon has no real competitors that can match compete with the quality of services we offer and our business offerings et al. Our customer service will be customized to meet the needs of all our customers.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups mobile hair salon business in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

Mobile Hair Salon Business Plan – SALES AND MARKETING STRATEGY

  • Marketing Strategy and Sales Strategy

The marketing strategy for Nora Bee™ Mobile Hair Salon is going to be driven basically by excellent customer service, honesty and quality service delivery. We will ensure that we build a loyal customer base. We want to drive sales via the output of our jobs and via referral from our satisfied customers. We are quite aware of how satisfied customers drive business growth especially businesses like mobile hair salon services.

Nora Bee™ Mobile Hair Salon is a mobile hair salon business that is strategically located and we are going to maximize the opportunities that is available which is why we spend more to locate the business in a location that will be visible and enable us to access our target market.

Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of Nora Bee™ Mobile Hair Salon.

Our goal is to grow Nora Bee™ Mobile Hair Salon to become the leading mobile hair salon company in Atlanta – Georgia which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with in the car hair salons industry. Nora Bee™ Mobile Hair Salon is set to make use of the following marketing and sales strategies to attract clients;

  • Introduce our mobile hair salon business by sending introductory letters alongside our brochure to households, hotels, hospitals, hostels, and camp grounds et al and key stake holders in Atlanta – Georgia.
  • Print out fliers and business cards and strategically drop them in offices, libraries, public facilities and train stations et al.
  • Use friends and family to spread word about our business
  • Post information about our company and the services we offer on bulletin boards in places like schools, libraries, and local coffee shops et al
  • Placing a small or classified advertisement in the newspaper, or local publication about our company and the services we offer
  • Leverage on referral networks such as agencies that will attract clients who would need our customized services
  • Advertise our mobile hair salon company in relevant magazines, newspapers, TV stations, and radio station.
  • Attend relevant expos, seminars, and business fairs et al to market our services
  • Engage in direct marketing approach
  • Encourage the use of word of mouth marketing from loyal and satisfied students
  • Join local chambers of commerce and industry to market our services.

Sources of Income

Nora Bee™ Mobile Hair Salon Company is established with the aim of maximizing profits in the hair salons industry and we are going to go all the way out to ensure that we do all it takes to attract both individual clients and corporate clients on a regular basis.

Nora Bee™ Mobile Hair Salon Company will generate income by offering the following services;

  • Haircutting services
  • Hair coloring services
  • Other hair services
  • Resale of merchandise and cosmetic products
  • Skin care services
  • Manicure and pedicure services
  • Massage Services
  • Providing hairstyling services
  • Providing temporary makeup services
  • Providing facials and skin care services
  • Other complimentary services

Sales Forecast

One thing is certain; there would always be corporate organization and individual clients who would need the services of mobile hair salon services.

We are well positioned to take on the available market in Atlanta – Georgia and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our mobile hair salon business and our clientele base.

We have been able to critically examine the mobile hair salon market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection are based on information gathered on the field and some assumptions that are peculiar to similar start – ups in Atlanta – Georgia.

Below is the sales projection for Nora Bee™ Mobile Hair Salon Company, it is based on the location of our business and of course the wide range of related services that we will be offering;

  • First Fiscal Year-: $150,000
  • Second Fiscal Year-: $350,000
  • Third Fiscal Year-: $550,000

N.B: This projection is done based on what is obtainable in the hair salons industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same additional hair dressing and beauty care related services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Our Pricing Strategy

Our pricing system is going to be based on what is obtainable in the hair salon industry cum mobile hair salon line of business, we don’t intend to charge more (except for premium and customized services) and we don’t intend to charge less than our competitors are offering in Atlanta – Georgia.

Be that as it may, we have put plans in place to offer discount services once in a while and also to reward our loyal customers especially when they refer clients to us. The prices of our services will be same as what is obtainable in the open market knowing fully well that home services attracts extra charges compare to what a conventional salon would charge.

  • Payment Options

At Nora Bee™ Mobile Hair Salon Company, our payment policy will be all inclusive because we are quite aware that different clients would prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;

  • Payment by via bank transfer
  • Payment via POS machine
  • Payment via online bank transfer
  • Payment via check
  • Payment via bank draft
  • Payment via mobile money
  • Payment with cash

In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.

Mobile Hair Salon Business Plan – Publicity and Advertising Strategy

Nora Bee™ Mobile Hair Salon Company is set to create a standard for mobile hair salon business in Atlanta – Georgia and throughout the United States which is why we will go all the way to adopt and apply best practices to promote our business.

Good enough there is no hard and fast rule on how to advertise or promote a mobile hair salon business. The challenge is that most mobile hair salon companies do not have the required money to pump into publicity and advertising. The cash they have will be reserved to take care of overhead and operational cost.

We will ensure that we leverage on all conventional and non – conventional publicity and advertising technique to promote our mobile hair salon business. Here are the platforms we intend leveraging on to promote and advertise Nora Bee™ Mobile Hair Salon Company;

  • Encourage our loyal customers to help us use Word of Mouth mode of advertisement (referrals)
  • Advertise our mobile hair salon business in relevant magazines, local newspaper, local TV stations and local radio station
  • Promote our business online via our official website and employ strategies to pull crowd to the website on a regular basis
  • List our business on local directories (yellow pages)
  • Sponsor relevant community programs
  • Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, et al to promote our brand
  • Install our Bill Boards on strategic locations in and around Atlanta – Georgia
  • Leverage on direct coupon mailing approach
  • Engage in road show from time to time in target communities all around Atlanta – Georgia
  • Distribute our fliers and handbills in target areas all around Atlanta – Georgia.

Start – Up Expenditure (Budget)

In setting up a mobile hair salon business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a higher amount of capital as you would need to ensure that your employees are well taken care of.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The start – up capital for a mobile hair salon business might fall between $5000 and $10,000, while that of a medium and large scale would definitely be higher.

The materials and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a mobile hair salon business; it might differ in other countries due to the value of their money.

However, this is what it would cost us to start our own standard and world class mobile hair salon company in the United of America;

  • The Total Fee for Registering the Business in Atlanta – Georgia – $750.
  • Legal expenses for obtaining licenses and permits – $1,500.
  • Marketing promotion expenses (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • Cost for hiring Business Consultant – $2,000.
  • Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $5,800.
  • Cost of accounting software, CRM software and Payroll Software – $3,000
  • Cost for leasing small office facility – $50,000.
  • Cost for facility remodeling – $5,000.
  • Other start-up expenses including stationery – $1000
  • Phone and utility deposits – $3,500
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $40,000
  • The cost for Start-up inventory / supplies – $5,000
  • Cost for the purchase of equipment (Hand dryers, comps, hair washing kits, and towels et al) – $15,000
  • The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, Credit card machine, POS, tables and chairs et al): $4,000.
  • The cost of Launching a Website: $600
  • Cost for the purchase of utility truck / mobile hair salon – $75,000
  • The cost for our grand opening party: $1,500
  • Miscellaneous: $2,000

We would need an estimate of $200,000 to successfully launch our mobile hair salon business in Atlanta – Georgia, US.

Please note that the amount is on the high side because we decided to start a business that does not revolve around one man; a mobile hair salon business with the ideal business structure of a business with the potential to grow and sell franchise in future.

Generating Funding / Startup Nora Bee™ Mobile Hair Salon Company

Nora Bee™ Mobile Hair Salon Company is a business that will be owned and managed by Ms. Nora Bash Edwards and her family. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

  • Generate part of the start – up capital from personal savings and sale of his stocks
  • Generate part of the start – up capital from friends and other extended family members
  • Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $50,000 (Personal savings $40,000 and soft loan from family members $10,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

Mobile Hair Salon Business Plan – Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Nora Bee™ Mobile Hair Salon is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to offer our mobile hair salon services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Nora Bee™ Mobile Hair Salon will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner of our business strategy.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

  • Business Name Availability Check: Completed
  • Business Registration: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Securing Point of Sales (POS) Machines: Completed
  • Opening Mobile Money Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Acquiring facility and remodeling the facility: In Progress
  • Conducting Feasibility Studies: Completed
  • Generating capital from family members: Completed
  • Applications for Loan from the bank: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents and other relevant Legal Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
  • Recruitment of hair stylist, barbers, beauticians and back office staff: In Progress
  • Purchase of the Needed hair dressing and beauty care tools, equipment, and supplies: In Progress
  • Purchase of mobile hair salon truck: In Progress
  • Creating Official Website for the Company: Completed
  • Creating Awareness for the business both online and in the neighborhood: In Progress
  • Health and Safety and Fire Safety Arrangement (License): Secured
  • Opening party / launching party planning: In Progress
  • Establishing business relationship with vendors – suppliers of all our needed hair dressing and beauty care supplies et al: In Progress
ProfitableVenture.com © 2015 - 2016 | All Rights Reserved | See About us | Privacy Policy and Disclaimer.