Do you want to start a beauty & cosmetology school from scratch? Or you need a sample cosmetology school business plan template? If YES, then i advice you read on.
Are you actually a fashion freak? Do you care about your make ups and cosmetics and would not mind teaching others the act of becoming an expert beauty and cosmetologist? You can start a beauty and cosmetology school.
Although beauty and cosmetology are two different fields because beauty covers aspects like nails, hair making and styling, barbing of hair, cosmetology focuses more on cosmetics and facial makeup.
Those who have discovered this penchant early enough know that they must continue to pursue their passion by building a business around it. Truth is that there are lots of folks in this industry; hence the fact that it is one industry that has loads of competition. On the other hand one good thing about this kind of business is that it needs very little capital to start.
All over the world the beauty and cosmetology business have continued to be something very essential and nearly all women and even men would leave no stone unturned when it comes to looking and staying beautiful. How could you possibly start this business, you just may ask? Here are the steps to be followed to hit success.
Starting a Beauty and Cosmetology School – Sample Business Plan Template
1. Go for Training
In as much as beauty tips and make up comes natural to you, it means that it is an inborn skill. You may still need to enrol in a cosmetology school to take up a course on cosmetology. It will help upgrade you to a professional level and enable you produce the best cosmetologists from your school. There are many schools that offer cosmetology courses and programs. You can enroll in any of them and undertake a two year degree course there.
After you gone through the training, the next step you may have to take is to develop a business plan. A cosmetology school business plan includes every minor and major detail of how your business structure will look like; including licenses you need to obtain to run the business, capital required to set up the school (because like any other school, setting up a cosmetology school can be quite expensive), how you intend to raise the capital, what each course curriculum will look like, how many teacher will work in your school for beginning and how many students your school can carry along at a time; all these will form a framework on which your business will be based.
3. Secure a Business License
You need to obtain a business license to be able to run your cosmetology school in your State. The Town County can provide you with details on how to get a business license. Also obtain an Employee Identification Number (EIN) since you will hire employees for your school. Also the IRS department will expect you to have a Tax Identification Number (TIN) number to operate your business.
4. Apply for a License to Run a School
You are also required to obtain a license that will permit you run a Post school in your State. The body in charge of issuing the license is the Bureau for Private Post Secondary Education (BPPE). You can visit their website to complete the forms, as they can grant you a provisional approval to run your school after you meet their requirement. You also need to obtain a license fro the Barbing and Cosmetology Board (BCB) in your State.
5. Secure a Space for Your School
After you are granted a provisional approval by the BPPE board, you can go ahead and set up your school. The apartment you are securing has to be in line with the provision of the Barbing and Cosmetology Board; which amongst others include that the floor has to be at least 3,000 square feet and have enough space to comfortably contain at least 25 students or more.
You will need to get the teaching area ready; that will include placing order for chairs, tables, computers and Projectors and arranging them in classes according to the number of people to take each of the courses.
6. Develop Your Curriculum
It is mandatory that you develop a curriculum for each course that will be taught in your school. The curriculum is like the scheme of work or topics the instructor is meant to cover for the completion of a particular course. You can work with business friends from other cosmetology schools to develop a curriculum for your own school.
Depending on the number of cosmetology courses you wish to offer in your school, you need to employ instructors who are experts in the field and have undergone advanced training to handle the courses. If you successfully completed any cosmetology course as I recommended earlier, then you should be able to handle one or two of the courses yourself.
8. Apply for a BCB License
Before you finally open your school, you have to obtain the cosmetology license from the Barbing and Cosmetology Board (BCB) as mentioned earlier. The board is in charge of issuing license cosmologists to practice in a State and also to permit people run their own cosmetologist school.
The requirements for obtaining this license is outlined in the board’s website at www.barbercosmo.gov; but some of their basic requirements include; application for cosmetology school approval, evidence of provisional approval from the Bureau for Private Post Secondary Education (BPPE) board. A floor plan with well defined room equipments and space for at least 25 students; the floor should be at least 3,000 square feet.
This is the final stage involved in setting up your business school; you need to advertise your school for people to come enrol in it. Remember not to exceed the number of students your school floor can occupy. When the slot is filled, you can refer the students to wait for the second batch of the course or acquire a bigger place for your school as time goes on.
Some of the ways to advertise your school is to create a website for the school and create Facebook ads to advertise the website to people in your location. You can also create flier and drop in busy areas around time; you can drop it in popular hair saloons in town, receptionist front desk in hotels and restaurants and coffee shops.
There you have it; 9 actionable steps that you must not joke with when you are thinking to start a beauty and cosmetology school.