Sample Salon Business Plan

Discuss product sourcing and the vendors you’ll buy your products from. And once you purchase all your products, what will your inventory management system be?Inventory management is key to a successful salon that yields profits quickly.A salon marketing plan will help you increase brand visibility when you first open up your doors, as well as acquire new customers and retain current ones.

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Determine how much foot traffic your storefront will have, whether your customers have access to parking, or if there’s nearby public transportation.

Surrounding businesses can be of help as well — you might partner with other local shops or restaurants for special events or promotions.

Evaluate how the lower-cost salons price services as well as the higher-end ones. Think about how you’ll run regular campaigns on these channels to get people through the door.

Think about how pricing could play into your competitive advantage. On-site marketing programs will also help draw in customers.

As an element of supply chain management, inventory management includes aspects such as controlling and overseeing ordering inventory, storage of inventory, and controlling the amount of product for sale.

You don’t want to run out of product or overpay in a rush.Show that you know your stuff by providing insights and trends into the beauty industry along with your market analysis.A market analysis looks at the size of the market both in volume and in value, the competition, and the economic environment in terms of barriers to entry and regulation (this can be done qualitatively and quantitatively).Finish this section with a SWOT analysis that will expand further on what your business does well and what might threaten your success.A SWOT analysis is a process used to identify: Include all the services your salon will provide to clients and the products needed to fulfill those services.It is a high profile area, with easy access from all parts of town.An executive summary serves as your plan’s overview.For example, you’ll need a talented staff that can provide good customer service.You’ll also want a comforting environment so your patrons enjoy being there and want to come back.Writing these down will help you live them out later on.Your company description should include the most important parts of your salon, like the theme/concept, location, and your target market.

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