This plan is favourite for:
Participant
 
 
Business established: 

Share and Earn Business Plan

The Family Room - Salon, Barbers and Repair Shop

The plan provides parlor, spa, and barbershop services and footwear and apparel repair services to class C and D market. Business ownership will ultimately be among investors/customers, employees and incorporators where the outlets operate. Regional business activity, employment and added income from this plan generates national economy.

Facts

Year of establishment

2004

Sales (US$)
Two years ago:
Last year:
This year (forecast): 104,000
Year 2 (forecast): 163,000
Year 3 (forecast): 217,000
Net profit after tax (US$)
Two years ago:
Last year:
This year (forecast): 32,600
Year 2 (forecast): 48,900
Year 3 (forecast): 65,100
Total number of Employees
Two years ago:
Last year:
This year (forecast): 24
Year 2 (forecast): 48
Year 3 (forecast): 96

Finance needed

Finance needed for fixed assets (buying of machines, buildings, ...) 6,500
Finance needed for working capital (salaries, stock, rental, leasing, transport, ...) 4,700
Total finance needed (US$) 11,200

How do you expect this to be financed?

Own Contribution in cash 13,000
Loans (debt)
Shares in your company that you offer to investors (equity)
Other sources 15,800
Total finance needed (US$) 28,800

The Business

What is your product/service?

The services to be rendered for parlor and barbershop are mainly for personal hygiene. This includes foot, arm, hair, face care, spa and massage. Body scrub and massage as well as other services will also be rendered. The footwear repair services includes shoe shine, dye, and all other repair and maintenance services as customers request., The apparel services includes made to order clothes, pants, school and office uniforms, sewing jobs and other repairs requested by customers.
Profits from these services can be generated just like any other product or service where cost is establish for each and every service and corresponding prices with profit margin is determined. The services are all done by skilled workers and this business relied heavily on the expertise of these skilled workers. Thus, skills training as earlier mentioned is a prime concern of this plan to maintain a pool of skilled workers.
The labor for this plan are paid on percentage commission basis ranging from 30 to 50% which is built in on the prices of each service. Only 2 to 3 regular employes paid on daily minimum wage and 5 to 7 commission paid beauticians, manicurists, and barbers are initially needed at start of operation. The footwear and apparel shop only needs 1 regular employee, 2 to 3 modiste/tailors and 1 repairman all paid on commission basis too.
The target market are those belonging to the C and D market groups residing in villages and/or highly paid employed in the target regions including lower middle income groups, small entrepreneurs and senior citizens. The bulk of this target market are educated professionals and can pay and invest in small business.
Only parlor, barbershop, tailoring and shoe supplies such as hair, facial, massage, spa, hair treatments are needed in this plan. The equipments needed includes hair and facial steamers, sterilizers, and hot cabinets. Furnitures and fixtures are mostly chairs and mirrors. All of these things are readily available in the local market and can be supplied by local suppliers.

Explain how you will sell your product/service (marketing strategy) and how you will reach your customers (distribution strategy)?

Because I already have 3 existing outlets which is the subject of the incorporation/expansion under this plan, modernization, technical skills upgrading, professionalism, service quality improvement, and price for value must be injected to maintain our customers and get more.
Leaflets distribution in villages, parking lots, and other public places within the immediate vicinity of the outlets will be done to reach more customers. Streamers and banners will also be installed in strategic places.
Our business structure, where valued customers and most employees of each outlets are co-owners of up to 2/3 of the company, will definitely result in these customers and employees scouting for more customers.
Quality service, convenience and comfort, affordable competetive prices are my weapons in dealing with competitors. Workers professional conduct, physical health condition, sanitation, and tidyness of the outlets both from the outside and inside are also weapons against competitors. These weapons will understate the services, prices, etc. of competitors.

What makes your business different/better than your competitors (competitive advantage)?

There is nothing unique in our services except that ours will be full of quality, comfort, convenience, professional care and service, sanitary and tidy outlets, modern technology, etc, and more value for less money

The Entrepreneur & Management

Describe the entrepreneur & management

My experience as a shoemaker, proprietor/manager of shoe store, parlor, barbershop and footwear and apparel repair shop for more than 20 years as above stated is my expertise and experience that will assure the success of this plan.
The target regions is where I grew up, resides, and do business up to the present time and my knowledge of its geograhpy, its people and their needs as far as this business sector is concern is quite excellent
The impressive profitability, capital requirement, customers/owners/employees satisfaction taught me I must incorporate in order to invite investors/customers including my employees to invest in this business plan. This corporate structure will strengten the feasibility of the plan as customers/investors/employees loyalty and patronage of the company is attainable.
Inadequate capital leading to inability to modernize and expand also taught me to incorporate to raise the much need capital.

Development

How does your business improve the local living standards (social and environmental)?

The development impact of this plan is the generation of local employment, local business activity, small investment opportunity, improvement of living condition and contribution to national economy.
Initially, 12 to 15 employes will be hired by the new outlet to be opened under this plan and 60 more in the short term while around three hundred in the long term. Most of this employes will become stockholders after 3 years of continuous service. Payments of the shares of qualitied employes will be on easy installment plan. Alloted shares for qualified employesis from 20 to 30% of all shares.
Investment opportunities will be open to our valued customers from 30-40% of all shares thereby strenghtening our relationship with our customers and encourage small investments.
Since outlets will established in different business districts, local business activity will be enhance land lnational economy can be spurred.

1 comment

From Head to Toe

Your comment made me want to cry. If you only know, I don't have anything left in my pocket. You're better off than me, I'm sure, for your business is already ongoing. Sometimes I envy micro entrepreneurs who make big bucks out of providing simple day-to-day services.

Just tell me how I can help you with your business plan. I'll be willing to help you out.

Hayaan mo, pagnanalo ako, babalatuan kita. 'Yung sa Netherlands, ha.

Gilbert Pangyarihan, 24 June 07, 06:25
Needs
Advice - business management, Network - business partners, Advice - PR, marketing