Close Evaluation of Different Business Plans
Entering the world of business is not an easy task. The highs and lows are phenomenal, and they shape the success path and destiny of any venture, regardless of the size. A business plan is an integral tool to navigate the problems and risks involved and shape a clear roadmap to clear-cut goals. There are different types of business plans that include but are not limited to strategic plans, internal plans, lean plans, and operational plans.
Business plans for start-ups form a very imperative and sensitive aspect of entering a competitive market for the very first time. The best alternative for a full-service beauty salon is the lean plan. As a commendable option, the lean plan expresses all the fundamental indispensables that any business enthusiast should have. The avenues for capital access and options for advanced asset plans are well attributed to the Lean Plan. Extra start-up information is always available, and all funding avenues are inherently opened (Berry, n.d). Utilization of funds is part of the resource allocation protocols that are well and firmly encrypted in the standard business realms structured in a lean plan.
For the lean plan, all potential partnerships and business associations are at the owner’s proposal. The less valuable component of the plan gives the start-up for a wonderful climate of decision making, and a gauge of the business worth is kept at close look and monitoring. Another advantage of the plan is that it integrates all principles of the operations plan (Berry, n.d). All milestones of the implementation, project deadlines and responsibilities of the team members are structured in the Lean Plan’s track goals. Resources for moving and shifting forward are best utilized under the process of the Lean Plan.
Business Plan for a Full-Service Beauty Salon
Problem
There is an increasing gap for full-service beauty salons determined to offer high quality and customer satisfaction through rendering tailor-made customer services and quality products. The exquisite atmosphere of salon and hair care at an acceptable value–price relationship is imperative.
Solution
We plan to introduce an unprecedented service and product chain to offer a new dimension of hair beauty and mental relaxation.
Market
Our target audience is the fashion-conscious population of both male and female clients with a constant disposable income supply. The more significant segment of our market is women, but the doors are open for all male clients at all times.
Competition
With the current competitive market environment, the salon business establishment will inherently target the population that struggles to meet the high-end luxury salon services in the city and the surrounding areas. The area is inhabited by a rich and second-class population, which can easily afford our services.
Why Us?
Having ten years of specialist experience and license, I am committed to bringing a new dimension to salon services to capture economically-struggling populations. Creativity and artistic displays for the latest trends in the contemporary haircuts and beauty industry are critical, given the experience and hiring strategy at our disposal. In an industry filled with unhealthy competition environments, we will be re-focusing on a new niche nailing down the entire landscape of client problems with quality assured. We are the latest and unrivaled destination for tailor-made hair services in the town. Ultimate customer needs and unique care services will guide the new business on hair and salon services.
References
Berry, T. (n.d). The Different types of business plans. Bplans. Web.