Free Hair and Beauty Salon Sample Business Plan PDF

' src=

Elon Glucklich

6 min. read

Updated February 7, 2024

Looking for a free,  downloadable hair and beauty salon sample business plan Word doc  or  PDF  to help you create a business plan of your own? Bplans has you covered.

Keep in mind that you don’t need to find a sample business plan that exactly matches your business. Whether you’re launching an upscale, full-service salon in a bustling city or a neighborhood barbershop, the details will be different, but the bones of the plan will be the same.

Are you writing a business plan for your salon because you’re seeking a loan? Is your primary concern building a clear roadmap for growth? Either way, you’re going to want to edit and customize it so it fits your particular company.

No two salons are alike. Your business model will be different if you’re renting space to independent hairstylists, rather than taking on employees, for example. So take the time to create your own financial forecasts and do enough market research so you have a solid plan for success.

  • What should you include in a hair and beauty salon business plan?

Your hair and beauty salon business plan doesn’t need to be hundreds of pages—keep it as short and concise as you can. You’ll probably want to include each of these sections:

  • Executive summary
  • Company summary and funding needs
  • Products and services
  • Marketing plan
  • Management team
  • Financial plan

One of the things that makes a salon business plan different from some service-based business plans is that you might decide to offer a combination of products and services.

Maybe you’ll sell shampoo, beard oil, or other cosmetics and beauty products, in addition to offering services like haircuts, manicures, or massages. If that’s the case, make sure you include your ideas for upselling products to customers to increase the value of every appointment you book.

Here’s an example of a salon business plan outline.

Hair and beauty salon sample business plan outline.

What’s your biggest business challenge right now?

  • The 7 elements of an effective hair and beauty salon business plan

1. Executive Summary

The  executive summary  provides a high-level overview of your business plan. It should outline the objectives of your hair and beauty salon, such as to offer high-quality services, to expand the client base, or to break into a new market.

Your salon’s mission statement should describe its purpose and what sets it apart from competitors. For example, you may aim to offer a personalized experience for each customer or provide eco-friendly hair and beauty services.

The keys to success are the factors that will help your salon thrive. These may include a prime location, hiring experienced staff, excellent customer service, or a unique product and service range.

2. Company Summary and Funding Needs

The company summary offers a detailed overview of your salon, including its legal structure , location, and history. Also, it highlights your salon’s funding needs if you are seeking financial support.

Clearly state how much funding you need, what you will use it for, and how it will benefit the salon. For instance, you may need funds to renovate the premises, purchase equipment, or boost marketing efforts.

3. Salon Products and Services

This section should detail the products and services your hair or beauty salon will offer. These may include haircuts, hair treatments, manicures, pedicures, massages, and beauty treatments.

If you plan to retail beauty products such as shampoos, conditioners, or skin care items, include this information too. Highlight any unique services or products that differentiate your salon from competitors.

4. Salon Marketing Plan and Analysis

Your marketing plan should outline the strategies you will use to attract and retain customers. These strategies might include social media advertising, loyalty programs, partnerships with local businesses, and special promotions.

Additionally, you should conduct a thorough market analysis. Understand your target customers, their preferences, and their spending habits. Identify your competitors, their strengths and weaknesses, and how you can differentiate your salon.

5. Salon Management Team

The management team section provides information about the salon’s key personnel. This could include the salon owner, managers, stylists, beauticians, and other staff members. Highlight their roles, responsibilities, qualifications, and experience.

If you plan to rent chairs to independent stylists rather than hiring employees, describe how this arrangement will work and the advantages it offers for your business.

6. Financial Plan and Forecasts

Your financial plan should present detailed financial projections, including revenue, costs, and profitability. Include a cash flow statement, income statement, and balance sheet. This section should clearly demonstrate the salon’s potential profitability and financial viability.

Also, outline your pricing strategy. How have you priced your services and products, and how do these prices compare with competitors? What are your wage costs, and how will they affect your profitability?

7. Appendix

The appendix includes any additional supporting documents that complement your business plan. This might be market research data, lease agreements, employee contracts, or licensing and permit documents.

While not always necessary, the appendix can provide valuable context and proof to support your business plan’s content.

  • Crafting a Successful Salon Business Plan: Key Considerations

Understanding your target clientele’s needs is crucial to writing a hair or beauty salon business plan that you can put into action. To ensure your business plan is the foundation of a growing operation rather than just checking boxes, ask yourself whether you’re taking these considerations into account.

1. Comprehensive Services Offering

In the beauty industry, customer preferences vary significantly, and staying versatile in your offerings can help cater to a broader clientele. Include a wide range of services that cater to different demographics. You may also consider offering unique or specialized services that distinguish your salon from others.

2. Pricing Strategy

Pricing can make or break your salon. Competitive pricing attracts customers, but your pricing should also cover your costs and ensure profitability. Effective market research can help you understand the average cost of services in your area, which you can use to set your prices competitively.

3. Salon Atmosphere

The ambiance of a salon plays a significant role in attracting and retaining customers. Consider factors like décor, cleanliness, and customer service when planning your salon.

4. Staff Training and Expertise

Quality service is crucial in the hair and beauty industry since word-of-mouth exposure from existing clients is a major driver of new business. Investing in ongoing staff training ensures that your team stays updated with the latest trends, techniques, and customer service skills.

5. Digital Presence

Although word of mouth is one business driver, many of today’s customers research online before visiting a salon. Having a strong online presence, including a well-designed website, effective search engine optimization and active social media accounts, can significantly boost your business.

  • Download your free hair and beauty salon sample business plan PDF

Download this  hair and beauty salon sample business plan PDF  for free right now, or visit Bplans’ gallery of more than  550 sample business plans  if you’re looking for more options.

There are  plenty of reasons  salon business owners can benefit from  writing a business plan —you’ll need one if you’re seeking a loan or investment.

Even if you’re not seeking funding, the process of thinking through every aspect of your business will help you make sure you’re not overlooking anything critical as you grow.

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Content Author: Elon Glucklich

Elon is a marketing specialist at Palo Alto Software, working with consultants, accountants, business instructors and others who use LivePlan at scale. He has a bachelor's degree in journalism and an MBA from the University of Oregon.

hair company business plan

Table of Contents

Related Articles

hair company business plan

18 Min. Read

Subscription box business plan

hair company business plan

7 Min. Read

Cleaning service business plan

hair company business plan

Online boutique clothing store business plan

hair company business plan

8 Min. Read

Franchise business plan

The LivePlan Newsletter

Become a smarter, more strategic entrepreneur.

Your first monthly newsetter will be delivered soon..

Unsubscribe anytime. Privacy policy .

Garrett's Bike Shop

The quickest way to turn a business idea into a business plan

Fill-in-the-blanks and automatic financials make it easy.

No thanks, I prefer writing 40-page documents.

LivePlan pitch example

Discover the world’s #1 plan building software

hair company business plan

New: Custom Glueless Wigs

Item added to your cart

Hair extension business plan: blueprint for success, how to write a hair extension business plan.

Want to create a hair extension business plan but don't know where to start?

If you are really serious about selling hair extensions it should be something to consider. If you need an eyelash extension business plan this should help too!

You might think creating a well-crafted business plan can be time-consuming and a little daunting without some guidance. This can be true!

No worries, we are here to help!

Below is a step-by-step guide to what you will need to create a hair extension business plan for your new business or your current.

First, let's go over exactly what a business plan is and why you should have one.

Chapter #1: What is a Business Plan?

A business plan is a written document that highlights in detail how business, usually a new one is going to achieve its goals. It usually lays out a written plan from a financial, operational, and most importantly marketing point of view.

Sometimes a business plan is prepared for the companies which are working on reaching new horizons with their business.

It is important to have the ideas in written form so that they are executed with precision.

You may find it is also useful to demonstrate the feasibility of the prospective new business and to provide a map for its years of operation in the future.

Once the business is up and running, it will be a document you will consider looking at when you are struggling or have any doubts. This consultation can foresee whether you are on track or not; perhaps you have strayed from your initials and need to revert to the original ideas.

hair-extensions-business-plan

Why is a business plan important?

A business plan is necessary because of a number of reasons.

1. Clarify Directions

The primary purpose of a business plan is to explain what the business is or what it intends to achieve in the future. Clarifying the purpose of your business allows you to understand the direction of the forward movement. It may include a simple idea about your business, the product services, and the detailed description of what you expect from the customers as well.

2. To Obtain Financing

A business plan is always necessary if you wish to secure funding, whether you are operating a new plan or want to seek a bank loan or venture capital. But why do investors want to see your business plan? For understanding this, you have to look it through a different perspective.

Let’s suppose you are going to loan someone $1,000 or more for their business. With the hope of getting the money back and seeing a return on your investment, you would want to know exactly how the money would be used, who is going to be in charge, what makes them qualified to succeed, what are their valuable assets, liabilities, and profits look like? Of course, you would want to know the details.

3. To Maintain Your Organization

A business plan ensures that the organizational structure of your business is well developed.

It includes the entitlement of your directors, officers, and specific duties. Thus is can act as a management tool that can regularly be consulted to ensure the organization is on track and the goals are being pursued efficiently.

4. Vision for the Future

For most of the companies, business evolves over time, and factoring future growth into your business plan can prove very crucial to coping with the changes in the markets.

Thus it helps you to envision your future and things you can to safeguard it.

Planning for your Hair Extension Business Model

Congratulations if you have decided to write a hair extension business plan, and you are ready to get started.

The chances of success of your business venture have significantly increased, and before drafting your plan, you need to plan on how to do it. Whenever you are presenting your business model, the only factors that will determine its value shall be the projections and proposals. That’s even more relevant when you are seeking for finances for your company.

Learning how to sell hair extensions is going to be vital, and your hair extension business plan will be your lifeline.

However, you need to understand that the business plans are very complicated documents. As you are drafting your plan, you are making decisions on very crucial matters e.g. the strategy you will pursue. Considering these things in advance can save you a lot of time in the future.

The following are the strategies you should explore before starting a hair extension venture.

business-plan-quote

Determine Your Goals and Objectives

  • Where do you want your hair business to go?
  • Will your hair business be staying stagnant at that time?
  • Are you focused on a rapidly growing hair extension empire?

Answering these questions is imperative for building a successful hair extension business plan. Now is a good time to explore every avenue you’d like your business to go down. The best approach is to write an essay on your goals.

business-plan-checklist

Create a Checklist

  • How determined are you to see your hair venture succeed?
  • Are you willing to sacrifice your personal benefits for the future of your hair company?
  • What is going to be your approach if the venture fails?
  • How many dedicated people do you need for your hair business?
  • What is your goal in terms of revenues for the future?
  • What will the hair company's market share be in five years?
  • What are your plans for expansion? Are you going to keep your venture local, online, or would you go global?
  • Which department would you specifically work on in your venture?
  • If selling online, what type of hair extension website will you use?

Setting up your Financial Goals

Your business plan for hair extensions must have some financial goals. For running a business, you don’t need a lot of money to make a lot of money.

An optimistic approach to this is to leave everything on your sales. However, this may also create a problem for you because a business has some constraints.

You have to pay the suppliers first before you get paid by your customers. If this is an issue, you might want to consider Dropshipping Hair Extensions . This cash flow conundrum is the reason that companies have to resort to bank loans, borrowing money from family, or getting a small investor. Start by asking yourself these questions:

1. You must think about having a partner to help you with your hair business. An equal partner, naturally, shall demand higher power and control. Venture capitalists often require management decisions, just like having their say in your important decisions.

For most hair companies that are just starting out, you will not need to go the Venture Capital route unless you have a massive plan.

You don’t want any of these to happen. So the best partner for you is a bank. Banks will not bother you much until you make payments of principal and interest on time.

2. You should keep account of the money you wish to spend on your venture.

3. Anticipating the size of your needs, your spending, and financing, you should consider the running cost as well. If you are going to keep a lot of bundles in stock then what will be your holding inventory cost? These are things that are important to plan.

hair-business-plan

How Will You Use Your Hair Extension Business Plan?

It might sound a bit ambiguous to you, but a part of planning your business plan is to determine what you would do with it. Your plan of activities can reference to in many ways.

From monitoring your company’s road towards the success to alluring top employees, celebrities, or social influencers to join your venture. On the other hand, you can use a hair business plan as a marketing tool for consumers. This program will help you to create a test ensuring that your company stays credible in the hair extension market.

Marketing is Important for Your Hair Extension Business Plan

If you want to escape the cubicles and want to pursue your passion in the hair extension business, after a business plan you need to draft the key elements of your marketing strategy.

Hair extension marketing is critical to your success and separating you apart from the others in the industry.

The biggest problem with entrepreneurs is that most of them don’t have marketing experience.

No matter how great your hair extensions, no one is going to know if you don’t pitch it the right way. The Business plan for hair extension will be successful if you think about these agendas before writing it.

Who Is Your Target Audience?

Understanding your audience is vital. For a Hair Extensions venture, the target audience should be women, and you need to think about marketing your product in the right way so that more and more women are attracted to your company.

Are you going to be selling retail or wholesale? Is your price point going to be $150 a bundle and only market to the higher end crowd? There are many different aspects of your products and pricing to consider.

Most hair entrepreneurs will focus on the popular hair extensions that they know will sell in the market.

Knowing your target market will not only maximize profit but will also help you to cope up with the changing market.

What Marketing Strategy Do You Wish to Follow to Reach Your Audience?

Social media is a perfect place to market your products. Many hair companies just focus on growing their Instagram account. Focusing on just one platform that is not even your own can be dangerous if a platform like Instagram starts to lose popularity in the future.

Having a balanced but focused marketing strategy will set you up for hair sales success in the future.

Advertising your products in a newspaper might not just be an excellent idea because most of the people who read newspapers are above 55. Figure out what women usually watch more and customize your message using that medium.

Google Adwords can yield great results if done properly. Spending ad dollars on social media is proving to be one of the best ways to advertise to clients. Make sure to have this part of your plan and either become an expert or hire one.

marketing-strategy

Allotting a Separate Budget for Your Marketing

When you have given a thought to all these questions, you need to write down the magnitude of marketing for your product.

You might need professional help for marketing your product thus creating a budget beforehand is important.

How Long Should Your Business Plan Be?

For a real hair extensions business plan, you need to make it short and concise. You have to understand that it is not a doctoral thesis. It should have the easy to read format.

One should focus mostly on the fundamentals, robust analysis, and good projections. The following are the specifics you should work one.

  • Keep the wording straight and straightforward and avoid using fancy words.
  • Use short sentences as they are easy to read.
  • Bullet points are crucial as they help the readers to have the information quite quickly.
  • Keep the length of the plan very short. If your hair extension business plan is 40 pages, then you haven’t summarized it well.
  • Business charts are imperative as they can be used to display predicted growth, sales, margin, and net worth by the year.
  • Double-check the paper for any grammatical or spelling errors.

white-board-plan

Chapter #2: How to Write a Hair Extension Business Plan?

Now that you have spent enough time understanding the business plan and done your homework in collecting the necessary information, it’s time to roll up your sleeves and start writing your business plan for Hair Extensions.

Following are the components of a business plan:

Executive Summary

The executive summary is considered the most significant segment of your business plan. This section briefly explains to the reader that where your company is at the moment, what are your aims and ambitions, where you want to take your hair company, and why your business idea is going to be successful.

This can help you on two levels. If you are seeking for finances, the executive summary is the main highlight of your plan and can grab you a potential investor’s interest. On the other hand, it is the first step you lay down when you are starting a company and will determine the success of your hair business in the future.

The executive summary must highlight the strengths of your ideas. Preferably, it is the last section one should write, but it appears first in your hair extension business plan model.

What to include in your executive summary?

The following should be the highlights of your executive summary.

The Mission Statement

This statement explains what your business is about. It describes your business categorically and will give a prospect about your business to the readers.

It should point out straight about your products, the market you wish to enter, your target audience, and your company is or will be better than the others.

Are you going to carry sew-in extensions , closures , edge con t rol , and mink lashes ? Start coming up with a plan of what products you would like to offer at launch and others that you can provide as your hair extension business grows.

Company’s Information

This section will give the readers a closer look at when your business was formed, the name of their founders, their roles, your number of employees, and your location.

Financial Features

This section will highlight the economic points of your business. This section will also cover your financial needs and how do you want to spend the capital.

Significant Achievements

Points of interest are advancements inside the organization that is fundamental to the accomplishment of the business. Real accomplishments incorporate things like licenses, models, area of an office, any essential get that should be set up for item advancement, or results from any test advertising that has been directed.

If you are just starting a business, you won't have as much data as a built-up organization. Rather, concentrate on your experience and foundation and the choices that drove you to begin this specific endeavor.

Have you been a hairstylist for ten years and have clients always asking you for hair? You practically already have a market built. All you need to do now is set up your hair extension business to start getting sales.

Show that you have done a careful market investigation. Incorporate data about a need or service in your objective market, and how your specific arrangements can fill it.

Persuade the reader that you can prevail in your real market, then address your plans.

Business Description

The business description starts with a short depiction of the business. While depicting the business, talk about the present standpoint, and also future conceivable outcomes.

You ought to likewise give data on all the different markets inside the business, including any new items or improvements that will profit or antagonistically influence your business. Construct the majority of your perceptions on reliable information and make certain to commentary wellsprings of data as proper.

This is critical in case you're looking for financing; the reader will need to know exactly how tried and true your data is, and won't hazard cash on suspicions or guess.

Following are the things you need to include in your description:

  • Describe the nature of your business and enlist the commercial center needs that you are attempting to satisfy.
  • Clarify how your items and administrations address these needs.
  • List the particular customers and organizations that your business serves or will serve in the future.
  • Clarify the competitive advantages that you accept will make your business a win, for example, your area, workforce, efficient operations, or capacity to convey an incentive to your clients.

business-plan-marketing-analysis

Market Analysis

This section of the hair extension business plan must give a categorical analysis of your knowledge of the industry and the market as well as your research findings.

What to include in your Market Analysis?

  • Industrial Outlook – Describe the hair extensions industry, including its current size, the trends, as well as other trends and characteristics that you foresee in the future.
  • Information about your target market – In this particular case, your target market is 99% women. You need to research the specific age group that would be interested in buying your hair extensions and will need to devise a strategy to target this particular group.
  • Distinguishing characters - What is the need of your potential customers? How can you fulfill these requirements?
  • Market Share – This section shall include the market share and profit you can gain in a particular geographical area.

Organization and Management

Organization and Management follow market Analysis. This section of your business plan for hair extensions ought to include: your organization's authoritative structure, insights about the responsibility for the organization, profiles of your administration group, and the capabilities of your governing body.

Who does what in your business?

What is their experience and why are you bringing them into the business as board individuals or representatives?

What are they in charge of?

These may appear like additional inquiries to reply in an individual association; however, the general population reading your marketing strategy needs to know who's in control, and so let them know. Give a point by point portrayal of every division or office and its capacity.

This area ought to incorporate who's on the board and how you expect to keep them there. What sort of pay and incentives do you have for your workers? What about the advancements? Promise your reader that the general population you have on staff are something beyond names on a letterhead.

Service or Product Line

For a successful business model for hair extensions, this part shall incorporate data about the particular advantages of your products – from your client's point of view.

You ought to likewise discuss your item or organization’s capacity to address customer issues, any favorable circumstances your item has over that of the opposition, and the modern advancement organize your item is in.

Sales and Marketing

Once you have studied the target market thoroughly, it should be additionally characterized to decide the total feasible market. Finding this financial number should be possible in a few ways; however, most expert organizers will portray the available market by focusing on product segmentation factors that may deliver gaps inside the market.

It's imperative to comprehend that the total possible market is the part of the market that you can reach given each condition inside the environment is favorable and there is next to no opposition. In many companies, this is not the situation.

Different components will influence the share of the available market a business can sensibly acquire. These variables are frequently fixing to the structure of the business, the effect of rivalry, techniques for market infiltration, and proceeded with development, and the measure of capital the company will spend so as to increase the market share.

For a successful business plan for hair extension, you need to focus on the following strategies.

  • A viable market penetration strategy
  • A growth strategy that will include an internal strategy that shall primarily focus on things such as increasing your human resources, an acquisition strategy for buying another business, and a franchise strategy to colonize the world.
  • A communication strategy on how you plan to reach your customers, the public platforms you’ll use to advertise, and your influence on social media.

Funding Requests

Consider that your hair extensions business ventures become exceedingly successful. Now you want to expand your horizons. From a small business setup, you need to make an entry in the big market. For that, you need some finances. You need some people to invest in your venture.

So, what would be your marketing strategy, you need to explain thoroughly in this. You have to outline the requirements of your enterprise, any future funding needs, and how do you plan on using these funds?

This section shall also analyze your strategic financial situation plans in the future. After you have done explaining all these parameters, you need to outline the amount you need right now and the amount you need in the future.

It is the most crucial part of your business plan for hair extension.

Provide the appendix to your reader on demand. Your hair extension business plan shall also have some relevant documents. This section should not be included in the main body as it contains confidential information about your company.

The Appendix will include:

  • Credit history (personal & business)
  • Product pictures
  • Letters of reference
  • Details of market studies
  • Relevant magazine articles or book references
  • Legal documents

How to Make Your Hair Extension Business Plan Stand Out?

Your business plan will eventually stand out if you determine your target market and research the audience quite well.

For instance, is the market you serve the best one for your item or administration? Are the advantages of managing your business transparent and would they say they are lined up with client needs? In case you're uncertain about the responses to any of these inquiries, make a stride back and return to the establishment of your strategy for success.

The accompanying tips can help you elucidate what your hair extension business brings to the table, distinguish the real target showcase for it, and fabricate a specialty for yourself.

Be clear about what you have to offer

Beyond essential items or administrations, what are you truly offering?

Consider this simple case that will help you to understand the situation: Your town presumably has a few restaurants all offering one essential item—food. Each of these restaurants is focused on the needs of the customers. One may be a drive-through fast-food restaurant, maybe another offers pizza in an original Italian kitchen, and possibly there's an excellent restaurant that serves fish that and has practical experience in wood-flame broiled admission. Every one of these eateries offers food. However, they pitch them to focused demographic searching for the one of a kind qualities each brings to the table. What they are truly offering is a combination of product, esteem, atmosphere, and brand experience.

When starting a hair extension business, make sure to comprehend what makes your hair extensions one of a kind. What needs does your item or administration satisfy? Document the advantages and differentiators that will help your business emerge from the group? Your hair extension business plan must show all of these attributes.

Avoid being the jack of all trades

It's imperative to characterize what you're offering unmistakably. You would prefer to become a jack of all trades and master of none since this can negatively affect the business development. As a smaller businessman, it's regularly a superior strategy to divide your items or business into sensible market specialties.

Little operations can then offer particular products and ventures that are alluring to a private gathering of planned purchasers. Thus focus mostly on hair extensions when you are starting your business model of hair extension.

Identify your niche

Making a specialty for your business is basic to achievement. Frequently, entrepreneurs can distinguish a specialty given their market learning. However, it can likewise be useful to lead a market study with potential clients to reveal undiscovered necessities.

hair-extensions-business

Enhancing Your Hair Extension Business Plan

Once you have successfully created a business plan for hair extensions, you cannot stop right there. You have to devise strategies to enhance your plan from time to time so that it may not die eventually. These enhancements are a critical thing to do because the market is always changing.

Say for the sake of an argument, that the hair extensions your company is offering were outshined by another company that is stronger and has a greater reach to the potential customers. Your business plan might have the solution to this problem, but you wrote it a while ago. The dynamics of the market, the balance, and the need for the product at that particular time were different.

So, with the evolution of the marketplace, enhancing your business plan is an excellent idea. At the end of the day, with the corrections and amendment to your working model, you will be able to create an ideal hair extension business plan. The benefits of which are already mentioned in the start of this article.

Business Plan Software

Let the software do the calculations.

With this software, your financial numbers and estimates will calculate when you plug in your numbers. The business Plan software gives you instant access to business planning calculations and an explanation of every financial term.

Planning Expert

This software comes with video courses from experts that can help you to draft a perfect hair extension business plan.

These courses are specifically generated for small business ventures and have all the tips and tricks to help you draft the business plan that can help you in achieving your goals.

Final Thoughts!

By following all these guidelines, we can ensure you that you can draft an ideal hair extension business plan. A program of activities provides that the organizational structure of your business is well developed.

It is always necessary if you wish to obtain financing, whether you are operating a new plan or want to seek a bank loan or venture capital.

You might need much investment in a hair extension venture, thus working hard on this plan can help you make a marketable draft which will bring you investments and profits. The chances of success of your business venture will significantly increase.

Don't hesitate to ask for help. Organizations like the Small Business Administration are available to help.

With your goals written on paper, you will have a clear idea of how well you are doing with this hair extension business and how far are you from achieving your goals. You will also have a detailed document on your organization's authoritative structure, insights about the responsibility for the organization, profiles of your administration group, and the capabilities of your governing body.

Thus in the future, you might not have to face any problems in distributing the workload and tasks to the people and they will have an idea of how things are done.

Private Label Extensions has helped launch hundreds of hair extension businesses. Always feel free to reach out to us for advice on getting started.

Lastly, even if it takes you days or weeks, you must focus on building a business plan for your hair extension. Once it is done, and the business is running, you’ll understand how well things are working.

Thank you so much the plan has really been of help to me

Thanks so much, I’m about to start a hair business and this has been so helpful on setting up a plan, I’m a novice but I know I can do it.

Business plans strategys are very necessary.

I would like your help to create my hair extensions business plan

Leave a comment

Please note, comments need to be approved before they are published.

Featured product

Hd body wave 13"x4" lace front wig, explore more.

  • Natural Hair
  • Choosing a selection results in a full page refresh.
  • Opens in a new window.

Upmetrics AI Assistant: Simplifying Business Planning through AI-Powered Insights. Learn How

Upmetrics

Business Planning

  • Financial Forecasting

AI Assistance

See how upmetrics works  →, strategic planning, entrepreneurs & small business, accelerators & incubators, business consultants & advisors, educators & business schools, students & scholars.

  • Sample Plans

Business Plan Course

Small business tools.

  • Strategic Canvas Templates

E-books, Guides & More

  • WHY UPMETRICS?

Customers Success Stories

  • Business Plan Builder
  • Canvas Modeling
  • Product Tour
  • Business Consultants and Advisors
  • Entrepreneurs And Small Businesses
  • Accelerators & Incubators
  • Educators & Business Schools
  • Students & Scholars
  • Sample Business Plans
  • business plan course
  • E-Books, Guides & More
  • Success Stories
  • Beauty Salon & Fitness

Hair Salon Business Plan

trustpilot reviews

Cutting and styling hair is an art not many are adept with.

After all, it takes more than artistic talent to give cuts that suit different hair. And if you are someone who has this talent, then you might have thought of having your hair salon business.

Having your hair salon business is possible and just requires two things for success. That is, skills to make people’s hair look pretty and a hair salon business plan .

Here are a few facts about the hair salon industry and steps to setting up your business. But at the same time, the prospect of having a business is overwhelming to many of us. You don’t need to worry, though!

Industry Overview

The spa and salon market stood at an impressive value of $138.9 billion in 2020, and as people continue to return to salons after the pandemic, the market’s value is expected to rise at a higher rate.

The rise in personal care and beauty spending is one of the major reasons for the growth of the hair salon industry.

Apart from beauty purposes, hair salon businesses have also seen a rise due to the increasing demand for hair care services.

Say goodbye to boring templates

Build your business plan faster and easier with AI

Plans starting from $7/month

hair company business plan

Things to Consider Before Writing a Hair Salon Business Plan

Find your usp.

A hair salon gives several services including cutting, coloring, styling, and hair care. Apart from that, your customer service, prices, and a lot of other things make your services a package deal for your customers.

But out of everything that makes up your business, you have to do something that you do differently or better than your competitors. This would help you stand out and become memorable to your customers.

Build your client base

Although this is an ongoing process, getting a head start with building your client base is essential. Know what sources you can use to reach out to your clients, what makes them pick a hair salon service, what makes them come back, and so on.

Knowing these things gives you an edge over businesses that dive right in without an action plan.

Find the ideal location

The ideal business location will be both accessible and functional. A good location for a hair salon would be either located in a busy neighborhood or a place that people frequent between home and work.

A good location makes accessing your services more convenient and hence more in demand.

Design your salon for both form and function

Although, it is advisable to hire a designer to design your salon in a way that is functional and also looks appealing. But cash crunches, startup costs, and whatnot might leave lesser scope for a designer in your budget.

In such a case, you can design your salon with the help of catalogs, outside inspiration, and your creativity to make it as functional as possible and build upon and redesign it as your business grows.

Writing Your Business Plan

If you are planning to start a new hair salon business, the first thing you will need is a business plan. Use our sample hair salon business plan created using upmetrics business plan software to start writing your business plan in no time.

Before you start writing a business plan for your new hair salon business, spend as much time as you can reading through some samples of hair and beauty salon business plans .

Reading some sample business plans will give you a good idea of what you’re aiming for and also it will show you the different sections that different entrepreneurs include and the language they use to write about themselves and their business plans.

We have created this sample hair salon business plan for you to get a good idea about how perfect a hair salon business plan should look and what details you will need to include in your stunning business plan.

Hair Salon Business Plan Outline

This is the standard hair salon business plan outline which will cover all important sections that you should include in your business plan.

  • Business Overview
  • Our Services
  • Goals and Objectives
  • Keys to Success
  • Katarzyna Doe
  • Legal Business Description
  • Hiring Plan
  • Products & Services
  • Market Trends
  • Target Market
  • Market Analysis
  • Customer Profile
  • Competitive Summary
  • Competitive Advantage
  • Sales & Marketing Strategy
  • Sources of Income
  • Sales Forecast
  • Pricing Strategy
  • Publicity and Advertising Strategy
  • Personnel Plan
  • Startup Costs
  • Important Assumptions
  • Profit & Loss Projections
  • Balance Sheet Projections
  • Cashflow Statement
  • Business Ratios

After  getting started with Upmetrics , you can copy this hair salon business plan example into your business plan and modify the required information and download your hair salon business plan pdf and doc file. It’s the fastest and easiest way to start writing your business plan.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

crossline

Download a sample hair salon business plan

Need help writing your business plan from scratch? Here you go;  download our free hair salon business plan pdf  to start.

It’s a modern business plan template specifically designed for your hair salon business. Use the example business plan as a guide for writing your own.

Related Posts

Nail Salon Business Plan

Nail Salon Business Plan

Hair Salon Business Plan

Business Licenses Guide

Pricing Strategy for Business

Pricing Strategy for Business

About the Author

hair company business plan

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

Upmetrics logo

Plan your business in the shortest time possible

No Risk – Cancel at Any Time – 15 Day Money Back Guarantee

trustpilot reviews

Popular Templates

bpb AI Feature Image

Create a great Business Plan with great price.

  • 400+ Business plan templates & examples
  • AI Assistance & step by step guidance
  • 4.8 Star rating on Trustpilot

Streamline your business planning process with Upmetrics .

Download Hair Salon Business Plan

Hair salon business plan template

Download this hair salon business plan template in PDF or Word format, or tailor it to your project directly in our business plan software.

Discover our hair salon business plan template

Our hair salon business plan template gives you the structure to write a professional plan.

Not accustomed to writing business plans? Our hair salon business template will turn a typically challenging process into a total breeze.

Modelled on a complete business plan of a hair salon in Normandy, our template features both the financial forecast and the written part that presents the project, its team, the local market and the business strategy implemented by the management.

Cast your eyes on this template to achieve a better understanding of what your bank and investors would like to see, so that you can create a business plan that meets their expectations.

hair salon businesss plan template

7 day free trial. No credit card required. Hair salon business plan template available with paid plans only.

How to use this hair salon business plan template

Edit the hair salon business plan template online, or download it.

There are 3 ways to use this template:

  • Edit it online: you can adapt this template to your business idea by changing the text or the financial forecast directly in our business planning software
  • Download in PDF: if you're just after a little inspiration, you can download the hair salon business plan template in PDF to read over it
  • Download in Word format: want to edit your plan on Word? Simply export the hair salon business plan template to Ms Word (.docx) format

online editor for hair salon business plan template

Hair salon business plan template content

This template includes a complete hair salon business plan example, with a financial forecast and the following sections:

  • Executive summary: the executive summary gives the reader a clear and concise overview of your business idea
  • Company: this section lays out the structure of your business, including its location, management team and legal form
  • Products and services: here, you'll give an overview of the services (haircuts, traditional shaves, packages) or products (scalp care) offered by the company
  • Market analysis: the market analysis is where you’ll demonstrate that there is a strong demand for your products and services through a thorough assessment of the industry (customer profile, hot trends, regulation, competition, etc.)
  • Strategy: this section highlights the company's game plan when it comes to pricing, marketing and mitigating risks along the way
  • Operations: this step lays out the company's operational organisation, including the recruitment plan
  • Financial plan: the financial plan includes a table of sources & uses (initial funding plan), and complete financial statements (P&L, balance sheet and cash flow statements).
  • Appendices: this part provides the opportunity to include multiple financial appendices generated by our software (debt maturity profile, monthly financial statements, financial analysis, etc.).

cover page and table of contents for the hair salon business plan template by The Business Plan Shop

Executive summary of the hair salon's business plan

The executive summary gives the reader a clear and concise overview of your business idea.

Our hair salon business plan example's executive summary is formed of the following subsections:

  • Business overview: in this subsection, we outline who the hair salon founders are, what legal form they've chosen for the business and the rationale behind the choice of their location
  • Market overview: in this subsection, we summarize the conclusions of the market analysis performed by the hair salon's owners and explain who they aim to target
  • Financial highlights: in this subsection, we give an overview of the forecasted financial performance of the hair salon over the first 3 years of operation
  • Our ask: in this subsection, we outline the amount of financing required to start the hair salon and how it's going to be funded (the founders are seeking both a bank and VAT bridging loan to start their hair salon)

executive summary for hairdresser business plan sample

Company overview included in our hair salon business plan sample

This section lays out the structure of your business, including its location, management team and legal form.

Our hair salon business plan template's company section is formed of the following subsections:

  • Structure & Ownership: in this subsection, we outline who the hair salon's shareholders are and what legal form they've chosen for the business
  • Location: in this subsection, we present the area surrounding the location chosen for the business and the layout and main features of the premises
  • Management Team: in this subsection, we give an overview of the background of each of the hair salon's founders, explain how they met and why they decided to start a company together

company overview included in hair salon business plan template

Products and services offered by the hair salon

The products and services section is where you will present the different types of haircuts, shaves, packages and scalp-care items offered by your hair salon.

In our hair salon business plan template products and services section, we cover:

  • Haircuts: a range of standardised treatments including haircuts, wash, trim and dry
  • Traditional shaves: wet shaves that are both relaxing and true to the traditions of our barber
  • Products: a choice of high quality hair and scalp products is available
  • Packages: a full-care routine (e.g. full wash, cut and shave)

product and services description of the hair salon business plan example

Market analysis for the opening of the hair salon

The market analysis is where you’ll demonstrate that there is a strong demand for your products and services through a thorough assessment of the industry (customer profile, hot trends, regulation, competition, etc.)

Our hair salon business plan example's market analysis section is formed of the following subsections:

  • Demographics and Segmentation: in this subsection, we explore the market in depth. We look at the supply and demand sides both at the national and local level, analyse the hot trends perceived by the founders, and the key statistics that will help the founders build their positioning
  • Target market: in this subsection, our founders explain which services (haircuts, shaves, styles, trims etc.) their ideal target audience loves and why they chose to target them
  • Competition: in this subsection, we take a look at the direct (men's hair salons nearby) and indirect (unisex hair salons) local competition to ensure we have a differentiated positioning and that the market is large enough to accommodate the arrival of new hair salon
  • Regulation: in this subsection, we give an overview of the main regulation applicable to our hair salon

market analysis section of the hairdresser business plan template

Setting the strategy for our hair salon

This section highlights the company's game plan when it comes to pricing, marketing and mitigating risks along the way.

Our hair salon business plan template strategy section is formed of the following subsections:

  • Pricing: in this subsection, we explain how we set the prices of our main categories of products and services (haircuts, wet shaves, scalp products, hair care products, styles) and the rationale behind our choice
  • Marketing plan: in this subsection, we explain what action we'll put in place to build awareness and loyalty among our hair salon customers
  • Milestones: in this subsection, we give an overview of the main goals we set for ourselves for the next 3 years
  • Risks and Mittigants: in this subsection, we perform an assessment of the medium and long-term risks that could jeopardize the financial viability of our hair salon and outline how we intend to mitigate them

hairdresser business plan example: strategy section

Operations section of the hair salon business plan template

This part lays out the company's operational organisation, including the recruitment plan.

Our hair salon business plan example's operations section is formed of the following subsections:

  • Personnel plan: in this subsection, we explain what our opening hours will be and explain the responsibilities of each of staff member in our hair salon
  • Key assets and IP: in this subsection, we list the assets and intellectual property rights which are critical to our business operations and explain how we will secure and protect each of these
  • Suppliers: in this subsection, we give an overview of the main suppliers we will use our what commercial terms have been negotiated with them

barber business plan template: operations section

Financial plan included in our hair salon business plan template

This section presents the expected financial performance of the hair salon over the next 3 years.

Our hair salon business plan example's financial plan is formed of the following subsections:

  • Start-up funding: in this subsection, we list the cost of each item required to launch the hair salon
  • Important assumptions: in this subsection, we explain the methodology and the main assumptions used to build the hair salon's financial forecast
  • Sales forecast: in this subsection, we detail the expected revenues and growth rate for our hair salon in the coming years
  • Cost structure: in this subsection, we list all the expenses required for our hair salon to operate smoothly
  • Projected Profit & Loss statement: in this subsection, we analyse our forecasted P&L and comment on the expected profitability of our hair salon over the next 3 years
  • Projected cash flow statement: in this subsection, we analyse the expected cash generation of the hair salon
  • Projected balance sheet: in this section we give an analysis of the liquidity and solvability implied from our balance sheet

hair salon business plan forecasted P&L

Appendices of the hair salon business plan template

This part provides the opportunity to include multiple financial appendices generated by our software (debt maturity profile, monthly financial statements, financial analysis, etc.).

Our hair salon business plan template's appendices include:

  • A maturity profile chart showing the principal repayments of their loans over the next 3 years
  • A monthly cash flow forecast: showing how much cash is being generated or consumed each month over the first 3 years of operations

Hair salon business plan template: monthly cash flow forecast

Hair salon business plan template sample

Executive summary, business overview.

Jeapau Hairdressers will be a men's hairdressing salon, located in the centre of Caen. We will be offering haircuts, traditional shaves and products for hair and scalp treatment.

The salon will be run by two partners who collectively have 13 years of experience in salons, 2 of which were in managerial roles.

The two partners will be assisted by another hairdresser on a part-time basis.

Market Overview

The French Hairdressing Market

The French hairdressing market is estimated to be worth around 6 billion euros, a mature market, in which there is a concentration driven by salon chains.

The city of Caen had 108,365 local inhabitants in 2012, including 32,598 men between the ages of 20 and 64, which is our core target.

There are approximately forty hairdressing salons in Caen, the majority of which are located in the city centre.

Our salon will be located less than 200 metres from 5 other hairdressing salons, 4 of which cater to both sexes and 1 is targeted towards women.

We are confident that our male specialist positioning will enable us to differentiate ourselves from the local competition. Our prices are slightly lower than competitors, which should enable us to stand out to customers.

Financial Highlights

We expect the salon to be profitable from its second year of operation

Based on the current plan, we expect to achieve a turnover of €104,861 and an EBITDA of approximately €3,715 in year 1. 

We forecast a turnover of €114,234 and an EBITDA of €11,382 in year 3.

The objective of this business plan is to obtain bank financing of €25,000 to finance the purchase of furniture and professional equipment required to launch the business.

500,000+ entrepreneurs have already used The Business Plan Shop

Easy to get started with and well-guided throughout. Lots of business plan templates to help you and writing is easy because there are explanations at each step of the process.

Quite frankly excellent because I was able to finalize my business plan in less time than expected. This software offers a very coherent and complete approach to writing your project.

It is a very well designed software that allows you to visualise each step of your project, understand if the idea is viable or not and think about the steps needed to start your business.

The software is just impeccable. Of course, it meets the requirements of people starting a business. In addition to having a tool for putting together a proper financial forecast, there is also a tool to help write the business plan.

Try The Business Plan Shop before you buy

There’s only one way to make up your mind about a new service - by trying it out for free. So we’re offering a free trial run on our platform for 7 days.

hair salon owner using our business plan template

Learn more about The Business Plan Shop

Hair salon business plan template faq.

A hair salon business plan is a written document that sets out the commercial, operational and financial objectives of the company over the next 3 to 5 years.

It consists of two main parts:

  • A written part that presents, in detail, your jewellery business, the team, your strategy, and your medium-term objectives.
  • A financial forecast that highlights the expected profitability of the hair salon and the initial funding requirements.

The lack of business planning is one of the main reasons why more than 50% of startups fail within 5 years. If you're starting a hair salon, writing a business plan is a must-have in order to reduce the risk of failure of your project.

Business plans are also required by most lenders and investors in order to secure financing, therefore a business plan is also highly recommended if you're seeking a loan or equity investment for your hair salon.

Writing a hair salon business plan without The Business Plan Shop can be both error-prone and time-consuming - whether you're new to entrepreneurship or experienced:

  • You'll need to research the structure of a business plan, what to include in each section, and what key elements investors and lenders expect to see
  • You may encounter writer's block (especially if it's the first time you're writing a business plan for your hair salon)
  • You'll need to create a financial forecast on a spreadsheet which requires a solid understanding of accounting and financial modelling in order to be done without error
  • You'll need to spend hours formatting financial data on Excel or Sheets before it's ready to integrate into your business plan
  • Any updates to your hair salon business plan or financial forecast will need to be done manually

Luckily for you, The Business Plan Shop's online platform and hair salon business plan template guide you through every stage of writing a business plan, so that you can spend more time managing and growing your business instead.

Our editor follows a best-in-class structure for professional business plans. Each section and subsection includes examples and instructions to help you, while our business plan templates provide further inspiration if you're stuck.

Our financial forecasting software helps you create a forecast and integrate it into your business plan with ease. Anytime you update your data, your business plan automatically updates.

And with our forecasting software all the calculations are done for you, without errors.

The budget to start and run a hair salon will depend on the exact concept and location.

An independent men's hair salon doing mostly haircuts and shaves requires limited investment, whilst a large hair salon catering for both sexes would likely require substantial investment.

This is due to higher rent (in theory), more specalised equipment required and the likelihood of needing more staff.

As an example, in our hair salon business plan template the total initial funding requirement amounted to €45,000, with the founders contributing €20,000.

In order to assess the exact budget for your hair salon idea, you need to do a financial forecast using a financial projection tool such as the one we offer .

The package we offer at The Business Plan Shop goes way beyond a simple blank template you need to fill. With our platform you get:

  • Access to one of the best business plan software on the market
  • Access to our hair salon business plan template which contains a complete example of a written business plan and financial forecast to start a hair salon
  • Access to our entire business plan templates library - giving you dozens of examples to take inspiration from
  • Access to our financial planning and analysis platform so that you can track the actual performance of your business against what you had planned in your business plan and re-plan easily

But you shouldn't take our word for it: try our solution for free and make your own opinion!

The free trial enables you to try the software for free during 7 days in order to verify that it meets your requirements before buying.

Some features are limited during the free trial, the main limits are:

  • You can only create one business plan
  • The financials of the first year are visible, but data for other years are hidden
  • You can export your plan in PDF but not in Word or CSV
  • No access to our business plan templates

You can create your account and start your free trial here .

Access to our template is included with all our paid subscriptions.

Please visit our pricing page to learn about this in more detail.

Other business plan templates and resources to discover

  • Start Free Trial
  • Write for Us

Appointy Blog

How To Write the Perfect Salon Business Plan for Your Salon in Just 7 Simple Steps

How to write the perfect salon business plan for a salon

The US salon industry includes more than 80,000 establishments with a combined annual revenue of about $532 billion. So opening a salon, and owning a salon business is a pretty safe bet; it’s steady and profitable . But lack of proper planning makes it difficult to juggle all the aspects of your business, starting from marketing and sales, to accounting, and whatnot. 

Here’s a quick tip! Searched all over the internet for concrete information on how to open your own salon? Confused? Don’t worry, we’ve got you covered! Check out this blog on opening your own salon business that gives you a comprehensive 10 step guide to help you get started now.

Writing a properly structured salon business plan is crucial to guarantee your salon’s success in this highly competitive market. Whether you’re wanting to secure a business loan for your salon or trying to expand or reinvent your salon business, a business plan for your salon will help you get there.

So how exactly would a business plan help you?

  • A business plan will help you to figure out what you want your salon to offer, where you aim to take your salon’s growth, what kind of people you want to cater to, and who you’re competing against . 
  • If you are looking for investment from private investors, banks, or any other lending institutions or public grants, structuring a business plan is crucial. 
  • A business plan will help boost your salon business’s productivity through improved oversight and direction, and help you make informed decisions.
  • As your salon business starts to grow and gain clientele, a well-developed business plan can help you acquire the capital needed to expand to new locations.

How to make the perfect business plan for your salon business?

Whipping up a perfect business plan can be pretty daunting because it needs to be immaculate. No worries! Here we’ve broken down the entire process into 7 easy-to-follow , foolproof steps, along with their templates, to help you create a successful salon business plan. 

  • Write a mission and vision statement
  • Create an executive summary
  • Analyze and identify your target market
  • Perform a competitor analysis
  • Write your salon’s business description
  • Make strategies for advertising and outreach marketing
  • Figure out your financial plan

Whether it’s a hairdressing salon business plan, a general beauty salon business plan, or even a  small salon business plan for opening a salon on your own from scratch, we’ve got you covered. This is a complete, comprehensive guide to help you in the process of making a business plan for a salon. It’ll give you a basic understanding of how to write a salon business plan in the easiest possible way. 

1. Write a mission and vision statement

I) mission statement .

It articulates the immediate purpose of your salon business. Under this, you can state all the short-term goals that you plan on achieving with your salon within 6 months , stretching up to a year.

Here’s how you can nail a perfect mission statement

  • Value – What is the value of your salon in the market? How can it help your clients? 
  • Inspiration – Why should people want to come to your salon?
  • Remember to make your mission statement sound plausible and reasonable . Also, make it specific and concise – clarify all your short-term goals and the timeframe within which you’re planning on achieving them. 

ii) Vision statement

 Now, where do you aim to take the salon’s growth in the next 5 years ? Well, if you’re dreaming, dream big! And you can be as ambitious as you want, the sky’s the limit. 

Setting strategies for a longer-term makes sure that you don’t stumble on the road to success. It makes the overall structure of your business stronger. It prepares you for anything that the fickle market demands from you and throws at you.

Here’s how you can write a perfect vision statement :

  • Review your long-term goals in a way that you can analyze how achieving your long-term goals could impact your business and the salon industry in general.
  • Derive how your clients could benefit from the visions that you would be implementing.
  • Your business’ end goals can drive your vision statement, For instance, if you’re planning to branch out to different locations after, say, 5 years, you can frame your vision statement in a way that states to make your salon a household name, popular in the neighboring areas and so on. 

2. Create an executive summary

After you write the mission and vision statements, you can summarize everything that you’re aiming to achieve with your salon under an Executive Summary. Whether you’re writing a business plan for a hair salon or a business plan for a beauty salon, you should be properly aware of what your intentions are with the salon. This section is the most important part of your business plan as it dictates the tone of your salon, and makes an impression. 

Remember to keep this section very brief and concise to give an overview, as you’ll be elaborating on these points in the later sections of your business plan. 

If you’re having trouble writing your salon’s executive summary, you can always write it after you’re done with all the other sections in the business plan . This will give you a better understanding of your salon business and help you succinctly put your points together to describe it. 

What can you do to write the most fitting executive summary for your salon?

  • Start by stating all the short-term goals that you plan on achieving within, say, 6 months or a year.  Remember to keep your goals realistic and feasible. 
  • Summarize your approach towards your business, to give an overview of how you will run things in your business.
  • Clearly and briefly express the value proposition of your salon, and how it would potentially position your business in your target market.

How to write your salon’s executive summary: A simple template

Divide your business summary into sections of opportunities and expectations, and put brief points in those subsections in the most convincing way. The following template can help you with this :

  • How are you trying to achieve recognition in your target market?
  • What is your salon’s tagline/motto?
  • What is your salon’s growth plan for the first 6 months after its launch?
  • Which demographic is your salon meant for?
  • How are your services aligned with your target market?
  • How many salons are there in the area of establishment of your salon?
  • What products and services do they offer?
  • What is the range of variation of their clientele?
  • What products and services is your salon offering?
  • What is the unique selling point of your business? For eg: If your salon is the only one in the area that offers holistic services with spiritual healing, then put it down as your differentiating point.
  • How are you different from your competitors? For eg: Is it the lower cost of services of your salon, or the vast range of services that make your salon stand out? 

Make sure you catch the eye of potential investors in the above section. Don’t forget to state how you can attract potential customers. 

  • What is the salon costing you? List down the projected expenses and costs that come from daily operations, rent, staff hiring, cosmetics, appliance expenditures, etc. for the first 6 months. 
  • What is the cash flow and how much profits are you bringing in for the initial 6 months? This is completely variable and the reaction of your target market to your salon decides this. So aligning your services with them is of utmost importance. 
  • Why does your salon need financing? For eg: you can convey that you’re trying to meet the anticipated growth of your salon in the market.

3. Analyze and identify your target market

Analyzing and defining a target market for your salon is very important as it goes hand in hand with your salon’s growth and outreach . 

A beauty salon can service all genders and age groups. Your target audience can include working professionals, college students and teenagers, homemakers, to-be-Brides, and even children. And each group will require different types of services.  So make sure you list down each individual section of your target market and what services they would require. 

Here’s a checklist to make sure you’re going the right way about it. 

Steps to analyze and identify your target market 

  • Find out what kind of people you think would resonate with your salon’s services the most. For example, if your salon offers low commitment (temporary) coloring services, you can get a lot of customer traffic from the millennials. 
  • As an extension to that, find out if your services are more inclined to serve a particular demographic better, or if you’re good with people of every demographic.
  • Keep up with the trends in the salon industry to know what’s hot and what’s passé.
  • Peek inside the brains of your target clients to know exactly what they want or like and tune your salon accordingly.

An easy-to-follow template to proceed with your target market analysis

  • Segregate the people in the market pool into different categories.

Do not forget these bases:

  • Personal income/occupation
  • List out the services that your salon would offer that would fit one or more of the stated categories above. 

For eg: If your salon offers Diamond Facial at $200.00, then you can list this service out as follows :

Target market checklist with service, age, gender, and income range

  • Use social media to get an understanding of the trends in the market at present. Join salon and beauty communities on Twitter, Facebook, and Reddit, and follow beauty bloggers on Youtube and Instagram. 
  • Look up the people who subscribe to or follow these beauty pages and beauty bloggers to identify which trends appeal to a certain demographic. You can tell a lot about your target market’s behavior from the posts they like and the thoughts they share in the comment section of these posts and videos.

4. Perform a competitor analysis 

With a great market demand, several strong competitors emerge. And we don’t want your salon to get lost in the sea of other salons now, do we? As it goes, keep your clients close but your competitors closer.

Figuring your competitors out gives you a necessary nudge in the right direction to take your business plan forward. It gives you an idea of what the other salons are practicing with their clients, and what gaps they’re leaving that you can fill up as you step into the salon business yourself. 

How do you analyze your competition?

  • Find out what the other salons in the area are doing successfully or poorly.
  • Get a rough idea of the cost of services that the competitor salons are offering. This helps you price the services for your salon.
  • Identify how many salons provide services that focus on a specific niche and do not serve a wide group of customers.
  • Find out the industry-specific challenges they are facing that you may also face while running your own salon.
  • Analyze what they can do differently to improve their situation, and implement it in your business mission plan to avoid facing such challenges yourself. 
  • Have your salon address these deficiencies in the market.

Follow these easy steps to perform your salon’s competitor analysis 

  • Visit your competitor salons’ websites.
  • Follow them on social media platforms (Facebook, Instagram, Linkedin) to get an idea of how much influence and reach they have. Check out who follows their social media page to get an idea of the target market as well.  
  • Sign up for any interactive sessions that these salons might conduct and check how other people respond to these sessions, to understand their grip and dominance on the market.  
  • Visit the other salons in the market as customers, to get an idea of their quality of services.

5. Write your salon’s business description

So now that you have your market and your competitors figured out, it’s time to work on your salon business . A beauty salon or a hair salon is fine, but what kind of salon do you want yours to be like? Setting a proper description for your business gives your salon a custom style and personality. 

Your business description should include an overview of the products and services that your salon would offer, and how your salon would stand out in the market. Setting a trademark vibe to your salon also helps with its brand image. 

To get started, you can answer the following questions :

  • Would you specialize in any particular service like nail art or bridal makeup? 
  • Would you want your services segmented for various types of clients?
  • What services would you want to offer in packages? 
  • Would you serve complimentary refreshments to the clients?
  • What theme are you going for with respect to interiors and ambiance (Japanese zen, tropical beach day, etc, etc)?
  • What would be your salon’s “it” factor that distinguishes it from the other salons in the area? 

Once you’re done with the salon’s description and personality, set a brand logo and a tagline to go with it. To get a professionally designed custom logo, you can always reach out to freelancers or companies that can do it for you, like 99designs . 

You can also use an online designing software like Canva to design your salon’s logo on your own. 

And that should complete the branding. 

Creating a business brand will prepare you to answer someone asking you “Why should I come to your Salon?” 

Remember to make your salon stand out, noticeable, and interesting.

6. Make strategies for advertising and outreach marketing 

Now you have to position your salon in the market in a way that makes people take an avid interest in “the new salon”. Your target audience will guide you towards the perfect approach to spread the word around about your salon. 

A simple guide to writing the marketing plan for your salon business :

  • Your salon should be Google-able. To show up in digital searches, make sure your business is listed in online directories.
  • Create a website or a mobile application for a better customer experience. 
  • It’s always better to spread out to all social media platforms to promote your business so that your customers (and other potential clients) can get to know you on a more personal level. Connect with your business community by following other small businesses in the area. Actively engage with your target market and share behind-the-scenes content (like before and after photos of clients’ haircuts) to build your credibility and cultivate brand awareness.
  • Partner up with other businesses that may share the same clientele as a salon would (like spa retreats) to offer coupons and vouchers, for outreach marketing.
  • Offer “first-service” discounts to your customers.
  • Keep service rates lower than the other salons in the area to attract clients. 
  • Once the rapport is established, and your clients trust you with the service quality, you can cut out the discounts. It is also very important that you optimize the discounts in a way that you don’t run into a complete loss, but we’ll get to that in a minute.
  • It is crucial to maintain the service quality to the highest degree after you start getting clients. Remember that your clients wear the marketing after they come out of your salon. This will definitely help you secure referrals from existing clients.

Marketing Tip! Want to pull off a great marketing campaign for your salon business but don’t know where to start? Do you feel like the marketing section in your business plan is incomplete? For more detailed marketing ideas for your salon, check out our blog on 7 hand-picked salon marketing ideas to boost your business .

7. Figure out your financial plan 

It’s time to play the number game. This is probably the trickiest part of writing a salon business plan because you have to be extremely careful while juggling your revenue and expenditure budget optimally. 

You don’t want to scare or throw off your customers by charging exorbitant prices for the services, but at the same time, you don’t want to crash and drown in debt yourself. Not to forget, cutting costs on cosmetics may affect the service quality. Cut hair, not costs!

Ergo, you need to have a proper financial plan for your salon. 

Writing a detailed financial plan will help you get a rough idea of how your salon would be progressing on a monthly/ yearly basis. Moreover, if you’re applying for a loan, your financial plan will determine your eligibility .

What can you do to create a solid financial plan for your salon?

Financial analysis of a salon business plan

  • It helps to bifurcate all the expenses into Fixed costs, and Variable costs. Then you can analyze your fixed costs and variable costs to set an optimal budget.

Fixed Costs: This section includes all the costs associated with your salon business that must be paid regardless of the customer traffic in your salon.

  • Rent or mortgage for the salon space.
  • Payroll for the employees you hire.
  • Equipment maintenance costs for hair spa and other services that are heavily equipment dependent.

Variable Costs : This section includes all the costs in your salon business that are directly associated with the customer traffic in your salon. 

  • Expenses of purchasing cosmetics and other salon supplies.
  • Electricity consumption by salon equipment. For eg: If you’re writing a hair salon business plan, make sure you include the electricity consumption by blow dryers, hair straighteners. 
  • Have a clear idea of how much discount you plan on putting on your services during the first few months of opening your salon, and for what duration you will be offering these discounts. Note that during the first few months of opening your salon, your sales are likely to be lower than your projections, and that’s completely okay.
  • Make a list of pros and cons for renting out space for your salon versus buying a place.
  • If you’re renting and wish to own the salon space, spot out a tentative date of when you’ll become capable of buying the place.
  • Figure out how many people you are going to hire in your staff, and how much salary you would be able to offer them. Note that you’ll have to improvise this according to how the customers respond to your salon.
  • Reach out to your local chamber of commerce to get more insights on funding and loans.
  • Tentatively figure out the time it will take you to break even, and start earning chunky profits.

Here’s an easy-to-follow template to proceed with your ‘financial plan’ section 

The following simple template can help you make the financial plan for your salon: 

i) Sales and revenue projections for the first five years :

Figure out how much you’ll charge for your services, and estimate how many services you may perform in a week. A periodic analysis of this over the next five years will give you the necessary projections. Put the details down in a spreadsheet to keep it organized. It also helps to collate all this information and analyze using bar graphs.

ii) Expenses’ budget :

Break down the expenditure of your salon for a given term, by referring to the “fixed and variable costs” list that you made. You can pick the term to be a month, a quarter, or a year long .

It’s a safer practice to stick to a month-long or a quarter-long term. You don’t want the budget analysis task to loom over you and become a burden. Not to forget, it keeps you in touch with the financial status of your salon business. 

iii) Estimated profit margins:

Accumulate the sales projections and budget report analysis to find out the profit for that term. Display the margins in pie charts or bar graphs for easy comprehension. 

iv) Liabilities:

Note all the losses that your salon business can possibly incur in the time period that you have defined as a term. For example, your blow dryers may stop functioning and need to be replaced.

Also include the factors that may stunt your business from growing. For example, you may be short on staff, or your nail salon is lacking an appointment scheduling and business management tool.

Various salon businesses that Appointy caters to

v) Cash flow statement:

Make a projected plan of cash flow-in and flow-out for your defined term, where you include cash flow from sources that are not directly related to your salon services or your salon business-related expenses. 

Include the cash flow from loans, loan payments, taxes, and personal funds that you used for your salon.

vi) Break-even analysis:

Predict the break-even point for the first five years of your business. Break-even is achieved when your salon business has covered all the expenses, and your sales surpass the expenditure costs. From that point on, your salon will start earning profits.

Other ways to create your financial plan :

Dealing with numbers can be tedious and scary, especially when you already have a lot of other things on your mind as a salon business owner. Moreover, documenting the financial projections yourself can be a pretty daunting task, especially because there’s no room for mistakes. 

Instead of making the document yourself, you can choose to consult professionals to help you write the perfect financial plan for your salon. 

  • Hire freelancers : You can collaborate with business plan consultants to make your financial plan. All you need to do is give them your salon’s budgetary estimates and inputs. 
  • Use Financial planning tools :  It asks you to enter all your financial information. They use built-in formulas to give you the most accurate financial statements that include all the charts and projections that an investor would expect to see in a business plan. 

Some important things to keep in mind :

  • Keep reviewing the target market, competitor analysis, and marketing and advertising strategies once every while, however frequently necessary.
  • Set realistic long-term goals that would be in sync with your current business performance. For example, you can think about branching out to two different locations after a few years. This will allow you to expand your local salon to an enterprise salon.

Go ahead with the pretty business plan 

An open sign

Executing a well-structured salon business should reap good-looking numbers. And the first step towards that is making a killer business plan for your salon.

It gives you the courage to place your faith in your business, and we don’t want you to doubt something you’re passionate about. Remember that you can convince the people in the market about all the great things your salon has to offer, only when you truly believe it yourself. 

So go on ahead, start creating your salon business plan today, and give your dreams a much-needed flight. Good luck :))

About Appointy We at Appointy, help business owners grow and run their businesses with our online scheduling software. This blog was a part of our ‘Manage your Business’ category, where we provide expert tips, and resources, or simply talk about the challenges that small and medium businesses face every day.  If you have any thoughts on this blog or would like to chat about your business struggles and achievements, let us know in the comments below.  We love a good talk!

25 comments

' src=

Am really satisfied thank you

' src=

The blogs are really appreciable and one can trust the knowledge and information provided in the writing.

' src=

This blog was so helpful.. I really appreciate they way it was broken down and easy to understand.

' src=

Thanks Brittany 🙂

' src=

Very nice article .Thanks for sharing this great post.

' src=

Thanks a lot 🙂

' src=

Thanks this blog really helped me now I know where to start

Happy to help! 🙂

' src=

Great information. It’s really useful. Please shares these kinds of information in the future.

Thanks! Please subscribe to https://blog.appointy.com/ for more such information.

' src=

Very Informative thank you so much for this wonderful article

' src=

good article

' src=

Interesting & informative to read, thank you for sharing this article with us. it’s really helpful to me. Can you suggest something on started a homemade business plan?

' src=

Very nice content about salon buisiness,Its very informative.

' src=

Very insightful blog post. Thanks for sharing

' src=

The perfect salon business plan requires defining your vision, researching the market, outlining services and pricing, addressing operations and finances, and emphasizing exceptional customer service

' src=

It is really helpful. Thank you for the content

' src=

Thanks for your content, it is very helful.

Let this be a guide for those starting salon business. Thank you for the blog.

' src=

Thanks for the information

' src=

Very well said! All your tips and advice is so helpful.

' src=

Thanks, Peter! 🙂

You are welcome Netra! You have a great blog, indeed!

' src=

Thank you for the blog. Its very helful

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Notify me of follow-up comments by email.

Notify me of new posts by email.

hair company business plan

Learn how to grow and manage your salon business like a pro!

Subscribe now and get valuable insights from credible sources - delivered straight to your inbox!

We promise to never spam you :) 

You have Successfully Subscribed!

How to Start a Profitable Hair Business [11 Steps]

Nick

By Nick Cotter Updated Feb 02, 2024

hair business image

Business Steps:

1. perform market analysis., 2. draft a hair business plan., 3. develop a hair brand., 4. formalize your business registration., 5. acquire necessary licenses and permits for hair., 6. open a business bank account and secure funding as needed., 7. set pricing for hair services., 8. acquire hair equipment and supplies., 9. obtain business insurance for hair, if required., 10. begin marketing your hair services., 11. expand your hair business..

Before launching your hair business, it is crucial to gain a deep understanding of the market. A thorough market analysis will help you identify your target customers, understand your competition, and position your product or service effectively. Here are some key points to consider:

  • Analyze the demographics of your potential customer base, considering factors such as age, gender, income level, and purchasing habits to tailor your marketing and product offerings.
  • Research current trends in the hair industry, including popular styles, treatments, and products, to ensure your business stays relevant and competitive.
  • Identify your main competitors, evaluate their strengths and weaknesses, and learn from their strategies to differentiate your brand and offer unique value propositions.
  • Assess the pricing strategies within the market to determine a competitive yet profitable price point for your products or services.
  • Understand the legal and regulatory environment of the hair industry, ensuring that your business complies with all relevant laws and standards.
  • Consider the impact of technology and online retail on the hair industry and adapt your business model to leverage e-commerce platforms and social media marketing.

hair business image

Are Hair businesses profitable?

Yes, hair businesses can be profitable. Many hair salons and barbershops are successful businesses. In addition to providing haircuts, they often offer a variety of other services such as hair coloring, styling, and hair treatments. Additionally, they often sell hair care products, which can be a profitable source of revenue.

Creating a comprehensive business plan is a critical step for success in launching your hair business. It will serve as a roadmap for your business, outlining your strategy, financial projections, and how you plan to achieve your goals. Follow these guidelines to draft a solid business plan:

  • Define your business concept: Specify what type of hair business you're starting, whether it's a salon, a hair product line, or a hair extension business.
  • Analyze the market: Research your target audience, study competitors, and identify your unique selling proposition (USP).
  • Plan your services and products: List the services you will offer or the products you will sell, including pricing strategies and potential suppliers.
  • Marketing and sales strategy: Detail how you will attract and retain customers through various marketing channels and what sales tactics you will employ.
  • Operational plan: Include the logistics of how your business will operate daily, such as location, equipment, staff, and technology requirements.
  • Financial projections: Provide a detailed financial plan with projected income statements, cash flow statements, and balance sheets for at least the first three years.
  • Set goals and milestones: Identify short-term and long-term objectives, with specific targets and deadlines to measure progress.

How does a Hair business make money?

A hair business typically makes money by providing services such as cutting, styling, coloring, and other treatments to customers. The business may also sell hair products such as shampoo, conditioner, styling products, and other related items. The business may also offer additional services such as hair extensions, hair treatments, and other specialized services.

Developing a hair brand is a pivotal step in starting a hair business as it sets the tone for your company's identity, values, and the products you offer. Your brand is how customers will recognize and remember you, so it's essential to create a strong and cohesive image. Follow these guidelines to build a brand that resonates with your target audience:

  • Define Your Brand Identity: Determine your brand's personality, values, and unique selling proposition. Consider what makes your hair products or services stand out from the competition.
  • Choose a Memorable Name and Logo: Your brand name and logo are the first things people will notice. Ensure they are distinctive, easy to remember, and reflect the essence of your brand.
  • Select a Color Scheme and Typography: Visual elements, like color and font, play a critical role in branding. Select a color palette and typography that align with your brand's personality and appeal to your target market.
  • Develop a Brand Voice: Your brand voice is how you communicate with your audience. Whether it's professional, friendly, or quirky, make sure it's consistent across all marketing materials and platforms.
  • Create a Brand Story: Share the story behind your brand. Stories are memorable and can create emotional connections with customers, encouraging loyalty and word-of-mouth referrals.

How to come up with a name for your Hair business?

Brainstorm a list of ideas that relate to the services you offer. Think of words that evoke the feeling you want your clients to have when they hear your name. Research similar businesses to gain an understanding of what names are already being used in your local market. Finally, test out potential names with a few trusted friends and family members to get their feedback.

image of ZenBusiness logo

Once you've laid the groundwork for your hair business, formalizing your business registration is a critical step to legitimize your operations and protect your brand. Registering your business is a process that varies depending on your location, but generally involves a few common steps. Here’s what you need to do:

  • Choose a Business Structure: Decide whether your hair business will be a sole proprietorship, partnership, limited liability company (LLC), or corporation. Each has different legal and tax implications.
  • Register Your Business Name: Check for the availability of your chosen name and register it with the appropriate state agency. If you plan to operate under a different name than your legal name, file a 'Doing Business As' (DBA) registration.
  • Obtain Necessary Licenses and Permits: Depending on your location and the nature of your hair business, you may need specific licenses, such as a cosmetology license or a general business license. Check with your local and state governments for requirements.
  • Apply for an EIN: If you have employees or operate as a corporation or partnership, you'll need an Employer Identification Number (EIN) from the IRS for tax purposes.
  • Register for State Taxes: If applicable, register with your state tax department to handle sales tax, payroll tax, and any other state taxes.
  • File Necessary Documents: Submit any required formation documents, such as Articles of Incorporation or Organization, to the relevant state authorities.

Resources to help get you started:

Explore valuable resources specifically curated for hair bonnet entrepreneurs aiming to understand market trends, optimize operations, and accelerate business growth:

  • Beauty Business Journals: Publications that offer insights on the latest trends, consumer behavior, and innovation within the hair care and beauty industry. These journals often have special segments on accessories like hair bonnets.
  • Industry Reports: Comprehensive market analysis reports from research firms such as IBISWorld or Mintel, providing detailed data on market size, consumer demographics, and competitive landscape for the hair bonnet sector.
  • Online Retailer Blogs: Blogs from platforms such as Shopify or Etsy, offering tips on running an e-commerce business, marketing strategies, and case studies of successful hair accessory businesses.
  • Fashion and Beauty Trade Shows: Events where entrepreneurs can network with suppliers, discover new materials, and gain insights from industry leaders. Specific sections or booths are dedicated to hair accessories and care products.
  • Email Newsletters: Regular updates from beauty and fashion industry influencers or trade groups that provide news, marketing tips, and business strategies relevant to the hair bonnet market.
  • Social Media Analysis Tools: Services like BuzzSumo or Hootsuite that help entrepreneurs track trending topics, consumer preferences, and competitor performance within the hair bonnet niche on social platforms.

Starting a hair business requires not only a flair for styling but also a strict adherence to local regulations. Before you open your doors, make sure you have all the necessary licenses and permits to operate legally and safely. Here's what you need to consider:

  • Check Local Business Licenses: Contact your city or county's business licensing office to find out the specific licenses required to operate a hair business in your area.
  • Professional Cosmetology License: Most areas require hair stylists to have a valid cosmetology or barber license. This typically involves completing a certain number of hours of training at a recognized school and passing a state board exam.
  • Salon License: If you are opening a salon, there may be a separate salon license that you need to acquire, which ensures your establishment meets health and safety regulations.
  • Building Permits: If you're renovating a space for your hair business, ensure you have the necessary building permits for construction and signage.
  • Health and Safety Permits: Since salons deal with chemicals and tools that can be hazardous, a health and safety inspection may be required to get a permit from the local health department.
  • Specialty Services Permit: If you're offering services like hair coloring or chemical treatments, additional permits may be required for those specific services.

What licenses and permits are needed to run a hair business?

The specific licenses and permits required to run a hair business can vary depending on the location and type of services offered. Generally, you will need to obtain a business license, a health department permit, and a cosmetology license issued by the state board of cosmetology. You may also need additional certification for specialty services such as hair extensions and hair coloring. Additionally, your local government may require you to obtain special zoning permits or operate your business within certain guidelines.

Starting a hair business requires careful financial management, which is why opening a business bank account and securing the necessary funding are essential steps. A separate account will help you keep personal and business finances distinct, while funding will fuel your growth. Follow these guidelines to get started:

  • Research banks that offer business banking services and compare their fees, services, and customer support. Choose one that best fits your business needs.
  • Prepare the necessary documents to open a business bank account, such as your business license, EIN (Employer Identification Number), and ownership agreements.
  • Consider applying for a business credit card to build credit history for your hair business and to keep track of expenses more efficiently.
  • Explore various funding options, including business loans, lines of credit, or investors, if your initial capital isn't enough to cover startup costs.
  • Look into special grants or funding opportunities for small businesses, particularly for those owned by women, minorities, or veterans, if applicable.
  • Create a solid business plan to present to potential lenders or investors, showcasing your market analysis, projected financials, and growth strategy.

Setting the right pricing for your hair services is crucial to the success of your business. It requires a balance between being competitive in the market and ensuring profitability. Consider the following points to help guide you in establishing your pricing structure:

  • Research local competitors to understand the going rates for similar services, ensuring your prices are neither too high nor too low.
  • Calculate your costs, including rent, supplies, labor, and utilities, to determine the minimum price you need to charge to cover expenses and make a profit.
  • Consider the level of experience and expertise you or your stylists bring to the table, as higher skill levels can command higher prices.
  • Be transparent with your pricing by displaying it clearly in your salon and on your website to build trust with clients.
  • Offer tiered pricing for different levels of stylists, if applicable, to cater to a wider range of customers.
  • Introduce special promotions or discounts for new clients or off-peak times to attract business without undervaluing your services.
  • Regularly review and adjust your prices as necessary to reflect changes in the market, cost of supplies, and the growing expertise of your stylists.

What does it cost to start a Hair business?

Initiating a hair business can involve substantial financial commitment, the scale of which is significantly influenced by factors such as geographical location, market dynamics, and operational expenses, among others. Nonetheless, our extensive research and hands-on experience have revealed an estimated starting cost of approximately $12500 for launching such a hairbusiness. Please note, not all of these costs may be necessary to start up your hair business.

Starting a hair business requires not just skill and creativity, but also the right tools and supplies. From basic combs and scissors to specialized styling tools, having the right equipment is essential for providing top-notch services to your clients. Below is a list of essential items you should acquire:

  • Basic Tools: Scissors, combs, brushes, and hair clips.
  • Electrical Appliances: Hair dryers, straighteners, curling irons, and clippers.
  • Hair Care Products: Shampoo, conditioner, hair spray, gels, and serums.
  • Coloring Supplies: Hair dye, bleach, gloves, and application brushes.
  • Sanitation Supplies: Barbicide, disinfectant spray, towels, and aprons.
  • Personal Protective Equipment (PPE): Gloves, masks, and protective eyewear for safety.
  • Salon Furniture: Styling chairs, shampoo bowls, and hairdressing trolleys.
  • Salon Accessories: Mirrors, hairdressing capes, and appointment books or software.

List of Software, Tools and Supplies Needed to Start a Hair Business:

  • Barber chairs
  • Hair cutting scissors
  • Hair clippers
  • Hair care products
  • Hair styling tools
  • Hair accessories
  • Accounting software
  • Payment processing software
  • Inventory management software

Starting a hair business requires not just skill and creativity, but also a solid foundation of protection. Business insurance is critical as it safeguards your enterprise from unforeseen events and liabilities. Here is how to obtain the appropriate insurance for your hair business:

  • Research different types of business insurance, such as General Liability Insurance, Professional Liability Insurance, and Product Liability Insurance, to understand which coverages are most applicable to your hair business.
  • Contact multiple insurance providers to compare quotes and coverage options. Ensure that the policy you choose covers the specific risks associated with hair services and products.
  • Consult with a licensed insurance agent who has experience in small business and salon insurance. They can provide personalized advice and help tailor a policy to your unique needs.
  • Consider the value of your equipment and inventory when determining the amount of coverage. This will help you decide on the right policy limits to protect your assets.
  • Regularly review and update your insurance policy to ensure it matches the growth and changes in your business. As you expand services or increase inventory, your coverage needs may change.

Now that you've honed your hair styling skills and set up your business, it's time to attract clients and grow your brand. Marketing is crucial in creating awareness and building a loyal customer base. Here's how you can begin marketing your hair services effectively:

  • Develop a strong brand identity that includes a memorable logo, color scheme, and brand voice to stand out in the hair industry.
  • Create professional social media profiles on platforms like Instagram, Facebook, and Pinterest, where you can showcase your work, share customer testimonials, and connect with potential clients.
  • Build a user-friendly website with a portfolio, service menu, pricing, and an easy booking system to make it convenient for clients to choose your services.
  • Offer introductory discounts or bundle deals to new customers to encourage them to try your services.
  • Network with other local businesses and professionals to establish referral partnerships and expand your client reach.
  • Engage in community events or hair shows to demonstrate your skills and gain local recognition.
  • Encourage satisfied clients to leave positive reviews online and refer friends and family for a referral discount.
  • Invest in local advertising, such as flyers, posters, or ads in local publications, to target potential clients in your area.

Once your hair business has established a solid foundation and loyal customer base, it's time to consider growth and expansion. Expansion can take many forms, from increasing your product line to scaling your operations. Here are a few strategies to help you expand your hair business effectively:

  • Introduce new products or services, such as custom wigs, hair extensions, or specialized treatments that cater to a broader range of customer needs.
  • Invest in marketing to reach a wider audience. This could involve social media advertising, collaborating with influencers, or exploring new marketing channels.
  • Consider e-commerce if you haven't already. Selling your products online can significantly increase your reach and sales potential.
  • Explore partnerships with other businesses or salons, which can provide referral opportunities and expand your network.
  • Open new locations or franchise your business to create multiple revenue streams and increase your brand presence.
  • Offer training or education programs, positioning your business as an expert in the field and creating an additional income source.
  • Regularly seek feedback from customers and adapt your offerings to meet changing trends and preferences in the hair industry.
  • Business Plan for Investors
  • Bank/SBA Business Plan
  • Operational/Strategic Planning Services
  • L1 Visa Business Plan
  • E1 Treaty Trader Visa Business Plan
  • E2 Treaty Investor Visa Business Plan
  • EB-1 Business Plan
  • EB-2 NIW Business Plan
  • EB-5 Business Plan
  • Innovator Founder Visa Business Plan
  • Start-Up Visa Business Plan
  • Expansion Worker Visa Business Plan
  • Manitoba MPNP Visa Business Plan
  • Nova Scotia NSNP Visa Business Plan
  • British Columbia BC PNP Visa Business Plan
  • Self-Employed Visa Business Plan
  • OINP Entrepreneur Stream Business Plan
  • LMIA Owner Operator Business Plan
  • ICT Work Permit Business Plan
  • LMIA Mobility Program – C11 Entrepreneur Business Plan
  • USMCA (ex-NAFTA) Business Plan
  • Franchise Business Plan
  • Landlord business plan
  • Nonprofit Start-Up Business Plan
  • USDA Business Plan
  • Cannabis business plan
  • Ecommerce business plan
  • Online boutique business plan
  • Mobile application business plan
  • Daycare business plan
  • Restaurant business plan
  • Food delivery business plan
  • Real estate business plan
  • Business Continuity Plan
  • Buy Side Due Diligence Services
  • ICO whitepaper
  • ICO consulting services
  • Confidential Information Memorandum
  • Private Placement Memorandum
  • Feasibility study
  • Fractional CFO
  • How it works
  • Business Plan Examples

Hair Salon Business Plan Sample

AUG.14, 2013

Business Plan for Hair Salon Template

Hair Salon business plan for starting your own business

A hair salon is a business that never goes into loss. As long as the people are living on earth, they will need to go to hair salons and get their hair done. If you plan to start your own hair salon business, you need a business plan hair salon. The first and crucial thing is to get an idea of how the business work and what do you need to start it. You need to set up a hair salon business consultants that provides all services, and high customer satisfaction by providing excellent services.

To start a hair salon that provides an amazing atmosphere at an affordable price-value relationship, you need a business consultant service .  If you do not know how to write a hair salon business plan, we have provided a detailed business plan to start a hair salon so that you can avoid any inconvenience in making a plan for yourself. You will find many samples of a business plan for a hair salon, but you need to choose the one that suits you the best.

Also, if you’re looking for a business plan for a barber shop , a business plan for hair extensions shop , a hair removal business plan , an airbrush tanning business plan , salon and spa business plan , or even a center reiki business plan , this template can help you!

Executive Summary

2.1 the business.

The Cute Cut Hair Salon will be registered in New York, USA. The business will offer the services that will enhance our customers’ appearance and their mental relaxation. Instead of competing with other hair salons in town, we mainly focus on providing services to the customers who cannot afford those luxury salons.

2.2 Management of Hair salon

Cute Cut Hair Salon will be managed by Mike himself. To assist him, we will have three managers who will be trained for a month and a half before starting their jobs. In starting hair salon business plan, Mike will work with a small team comprising of a few hairstylists, managers, accountants, helpers and a guard. He will ensure the quality of work regularly.

2.3 Customers of Hair Salon

Customers are the backbone of every business. If you know the right audience for your business, you will be able to achieve your target. You will get the idea of how to run your business if you understand your customers. The main customers for the hair salon business consultants will be the following:

  • Women and men who are looking for hair treatments.
  • Children of age 15 and above.

Our best business plan for a hair salon includes all the hair removal treatments we mainly offer to women.

2.4 Business Target

In our business plan for hair salon pdf, we have mentioned our main goal. Our main goal is to provide high-quality services to our customers by using safe and good quality products. Our primary target is to become the popular and most loved hair salon by people within the next 3 years of our launch. We aim to recover the investment within the next two years. Our secondary target is to increase the net profit every month.

Hair Salon Bussines Plan - 3 Years Profit Forecast

Company Summary

3.1 company owner.

The owner of the Cute Cut Hair Salon will be Mike James. Mike had a dream of starting his own business since he was a teenager. He wanted to set up a business that helps people of all ages.

3.2 Why the Hair Salon is being started?

When Mike was asked why he is interested in starting a hair salon business plan, he said he wanted to help people who cannot afford expensive hair treatments. Moreover, his idea of setting up a hair salon business plan is based on the fact that this kind of business never goes into loss. He believes that his business can attract more customers because his salon uses all the new techniques and equipment. With constant hard work, he can now start his hair salon and fulfil his dream.

3.3 How the Hair Salon will be started?

To start a hair salon business plan, you need the right techniques and ideas. Before starting a hair salon, you need to consider these essential steps:

Know About Industry Experience

Before entering into the world of entrepreneurship, gain some experience in the relevant industry. For example, before starting your salon, it is preferred to work in some salons. If you get your feet wet by working in other salons, you will get enough experience of how things work.

It will allow you to see how the business work daily.

Create A Business Plan

A business plan helps in planning everything for a business. It will tell you how you will earn money, what type of customers your business is trying to attract, how are you going to manage the expenses and finances, and other daily operations.

The business plan will also help you to make important decisions that will affect your business.

Set Your Budget

To get an idea of the kind of salon you want to start, you will have to set up your budget first. First, get set with your expenses and finances as hair salons expenses can vary. They depend on the location and size of your business. For example, if you are setting up a salon in your home, you will have to bear fewer expenses. But if you want to start a hair salon in a commercial area, you may end up spending thousands.

Target Customers

Determining your target customer is a vital step in starting a business. Many business decisions depend on the type of clients you want to attract. Before finalizing anything, research the area you are planning to open a salon. If that area has plenty of people who want affordable yet modern hair solutions, set up your salon accordingly.

Business Plan for Hair Salon Template

Find A Suitable Locatio n

Depending on the type of business and services you are providing, find a suitable location for your hair salon. Find a location that is centrally located, and it should also be easy for your target clients to access.

Obtain Permits

Once you have decided on the location for your salon, you will need to get a building permit, business permit, and all other legal documents.

Stock The Inventory

To run your business, you will at least need chairs, washing stations, hair tools, and other styling products. You can also connect with brands that will attract your target customers to offer their types of equipment at your hair salon.

Hire a Team

Depending on the size of your business, hire a team accordingly. It should have at least two hairstylists who can entertain the customers. The stylists should have a friendly nature and they should be experienced as well.

Hair Salon Bussines Plan - Startup Cost

To open a hair salon, you need to decide which hair services you are going to offer. The services that you plan to offer also depend on the size of your salon, and the equipment that you have. It will also determine how many hairstylists you need and the number of chairs you want in the salon.

There are several services that a hair salon offers. You need to narrow down the services you are going to focus on. This business plan for hair salon will give you a detail about the services.

Our services include the following:

Hair Styling & Haircuts

The basic service that Cute Cut hair salon is providing is hair cutting and styling. Some hairstylists can cut all types of hair for all men, women, and children. After cutting hair, drying it, and styling it is also offered in our hair salon.

Hair Coloring

Hair coloring is another service offered at Cute Cut hair salon. Before coloring the customer’s hair, our stylist discusses all the risks with the customer because coloring can sometimes go wrong.

Hair Extensions

Over recent years, the trend of hair extensions has gained popularity among people. As long hair is in fashion again, and more people are attracted to hair extension treatments. Stylists at Cute Cut Hair Salon are well-trained and experienced in hair extensions treatments.

Conditioning Treatments

These include deep conditioning treatments. The basic conditioning treatment is done to provide moisture to the hair. It adds protein to hair and makes them shiny and smooth.

The other one is specialty conditioning that is customized according to the customer’s hair.

Marketing Analysis of Hair Salon

Great service.

Great service. Good turnaround time and quality work. Thanks!

To make your hair salon business consultants successful, you need to keep an eye on the market trends as well. If you run a complete analysis of the market, you will get an idea about many things. Understanding the trends and variables will help you in making decisions for your business. The goal of this market research is to understand and get a general idea of the overall market around your salon and how you can adjust to that ecosystem.

5.1 Market Trends

Over the past five years, the hair salon industry has grown at an incredible rate. People are now more attracted to advanced hair treatments such as permanent hair, facial and massage etc. The hair salon market in 2019 was $144.48 billion. And by the end of 2026, the market is expected to grow by around $217.25 Billion.

5.2 Marketing Segmentation

If you know exactly what type of business is a hair salon, you can easily understand its market segmentation. There are many business plan examples for hair salon and each of them includes market analysis of hair salon.  To estimate the startup cost for hair salon, you need to make a complete analysis of market segmentation for it.

The most important part of any hair salon business plan is to have an idea of the expected marketing segmentation. Here is the market segmentation that will be facing our hair salon:

Hair Salon Bussines Plan - Marketing Segmentation

UK Start-Up Visa Business Plan

5.2.1 women.

80 percent of our services will be offered to women who are interested in hair cutting and treatments. Cute Cut Hair Salon also offers skincare and nail care treatments to its customers.

Some of our services are for men as well. We have hair stylists who are experienced in cutting men’s hair.

5.2.3 Children

We have a friendly staff who treat children with great care and affection. We offer haircutting for children.

5.3 Business Target

  • Building a trustworthy relationship among customers
  • Providing high-quality services to customers
  • Arranging the best interior to impress the customers
  • Making an excellent customer care service for our loyal customers
  • Recovering the initial investment within two years of launch
  • Increase the revenue every year

5.4 Product Pricing

The prices of the services that a Cute Cut Hair Salon provide are comparable to other salon services. We will try to provide better services and customer care to our clients. We will satisfy our customers by providing exceptional services to make as much profit as possible.

Marketing Strategy

In any hair salon business plan template, the financial plan for hair salon should be well-formed. No business can grow and become successful without a marketing strategy. No matter how many excellent services you offer, if you do not have customers, it is all in vain. The more people know about your salon, the more they reach out to you.

Nowadays, the best way of marketing is social media marketing. Social platforms are strong, and they are accessible to everyone. A good thing about social media marketing is its low cost. You can reach out to millions of people with online marketing. All the hair salon business models explains the importance of social media marketing and how you can use them to reach out to people. Along with that, you need a competitive analysis to make a strategy that will make your business successful.

6.1 Competitive Analysis

  • People are not satisfied with the services provided by hair salons in that area.
  • The hair salons and spas in that area are too costly. And these services are not good enough as compared to their price.
  • Most salons do not offer basic services to people.

6.2 Our Strategy

  • We will associate our hair salon with community events and charity.
  • We will use social media platforms to advertise our hair salon.
  • We will make our online presence so that we can reach out to more and more people.
  • We will use the advertisements channels in the area to reach out to the people.

6.3 Sales Monthly

Hair Salon Bussines Plan - Sales Monthly

6.4 Sales Yearly

Hair Salon Bussines Plan - Sales Yearly

6.5 Sales Forecast

Hair Salon Bussines Plan - Unit Sales

Personnel plan

When you are starting a hair salon business plan, you need to make sure that the staff should work as a team. In the hair salon business consultants examples, you will find out that the environment of the hair salon depends on the number and type of staff which should be determined in the initial stages.

To start a hair salon business plan, list down all the expenses. It includes the rent of hair salon building, the cost of equipment and the employee’s salary.

7.1 Company Staff

Mike James will be the owner and CEO of the Cute Cut Hair Salon business plan. His team would include:

  • 1 Social Media Marketer
  • 3 Hairstylists
  • 1 Accountant

7.2 Average Salary of Employees

Financial plan.

Proper planning and execution of the finance help you to maintain a stable budget for the upcoming entire year. To start a hair salon, you need to make research on how much does it cost to open a hair salon. To run a smooth and successful hair salon, you should have a strong hair salon financial plan.

  • Money is needed to make the interior of the salon.
  • The cost of chairs, mirrors, and hair styling tools.
  • The salary of employees.
  • The cost of buying hair products.
  • Bonds, securities, registration costs, and insurance.

8.1 Important Assumptions

8.2 break-even analysis.

Hair Salon Bussines Plan - Break-even Analesis

8.3 Projected Profit and Loss

8.3.1 profit monthly.

Hair Salon Bussines Plan - Profit Monthly

8.3.2 Profit Yearly

Hair Salon Bussines Plan - Profit Yearly

8.3.3 Gross Margin Monthly

Hair Salon Bussines Plan - Gross Margin Monthly

8.3.4 Gross Margin Yearly

hair company business plan

8.4 Projected Cash Flow

Hair Salon Bussines Plan - Project Cash Flow

8.5  Projected Balance Sheet

8.6  business ratios.

  • Is owning a hair salon profitable? If you’re wondering is owning a hair salon profitable, the answer is yes! It’s a highly profitable business with very lucrative rate of return.
  • How much does it cost to run a salon monthly? If you want to know how to start your own hair salon and how much would it cost, consult the business plan above.
  • How do I start my own hairdressing business? For starting a hair salon business plan, just follow the steps we mentioned in this template.
  • What is a business plan for a salon? A business plan just like this free business plan template for hair salon details how a hair salon business consultants is started and maintained to yield profit.

Download Business Plan for a Hair Salon Sample in pdf

OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.

hair company business plan

Add comment

E-mail is already registered on the site. Please use the Login form or enter another .

You entered an incorrect username or password

Comments (0)

mentioned in the press:

Search the site:

hair company business plan

OGScapital website is not supported for your current browser. Please use:

hair company business plan

ProfitableVenture

Hair Extension Production Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Beauty Care Sector

Are you about starting a hair extension production business? If YES, here is a complete sample hair extension production business plan template & feasibility report you can use for FREE .

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

The hair extension business which has existed for a long time has only recently grown into a tremendous one chiefly due to many factors, such as more women especially African Americans needing to modify their hair styles or celebrities needing to change the way they look.

Also, hair extensions have become popular for those who have lost their hair as well senior citizens as well. If you are an entrepreneur that is looking to start the hair extension business, then this is a very good business for you. However, while the business might look lucrative, it would be wise for you to seek out a reputable business consultant who has the required experience needed to help point your business in the right direction.

The importance of a business consultant is that you will be supplied with hard facts concerning the business you intend going into. The hard facts will then help you make a decision on whether venturing into the business would be a wise idea or if you would be wasting time and money.

Also, because this is a business that is intended to make profit, it would be necessary to write out a business plan. A business plan is essential because it allows you show investors and stakeholders how you intend to run your business. This is why there is a sample hair extension production business plan prepared below. Below is the sample hair extension production business plan;

A Sample Hair Extension Production Business Plan Template

1. industry overview.

According to a documentary aired on hair extensions, it was found that the reason why more people were wearing hair extensions was due to the fact that the extensions helped add volume and length to one’s hair and could also dramatically change one’s look. This is why customers are willing to spend several thousands of dollars at one spot, just so they could get a hair extension.

According to the documentary by ABC TV, the source for the hair extensions came from the poorest part of the world, where those who usually shaved their hair had no inkling of what their hair was being used for. Those that did sold their hair far less than they should due to lack of proper representation.

China and india remain the major exporters of raw human hair, as most of the hair exported in these countries comes from those with lower income brackets.

China exports more due to its larger population, and cultural traditions. In India however, women donate their hair to the temple as part of a religious practice. The temple then auctions the hair to hair factories, and the proceeds are then used to help the poor in the community.

The untreated hair is then taken to processing facilities by these buyers, where wefts are added as well as keratin through a wax application method. The hair is then processed for colors and textures before being sold to middlemen or retailers.

The hair extensions are then sold in strands or in bulk to customers, who either buy it and take it to their stylists or buy directly from the stylists themselves. Customers who prefer a cheaper option usually buy from hair extension processing factories.

According to a research by Hairtrade.com, about 34% of women use hair extensions as part of their regular beauty regime, while about 87% of women who used it, didn’t tell anyone that they were wearing one. 76% of women stated that they wore hair extensions in order to add volume, to look glamorous and also to quickly change their styles.

The hair extension market is growing annually at a 40% increasing rate, with salons in the united states increasing their demand by 28.5% in the past two years. The reason for the boom asides from the celebrity factor is due to the fact that new technologies for applying these hair extensions have emerged for users.

The demand for hair extensions has increased especially as celebrities have now joined the target market. Internationally, the United States of America are amongst the top five exporters of hair extensions globally, with total export value worth more than $2 billion dollars. Asides being a major exporter, the United States of America are also a major importer of hair extensions.

2. Executive Summary

Sashi Hair Extension LLC business is amongst the leading brands in the hair industry that is located in Las Vegas Blvd S, Las Vegas – Nevada, USA. Sashi Hair Extension LLC business deals with a large range of customers – commercial and private. We are in the business of offering our various customers premium grade and luxury hair extensions.

We are established to legally make profit in the United States of America as well as compete favorably with other similar competitors in the industry. Our goal is to ensure that our hair extensions are of the finest premium quality and that our vendors are trusted and reliable.

Our different hair extensions are in place to suit the different tastes and preferences of our wide range of customers. Our extensions have quality wefts sewn and have also been waxed by keratin to ensure that our customers can use our hair extensions for as long as possible.

We have also designed our business structure in such a way that would be beneficial not only to our business but also to our customers as well.

To this effect, we have hired competent and experienced professionals who have the required experience to ensure that our company is amongst the leading industry brands. Also, our workers understand our vision and are willing to work to see it come to fruition.

We have the finest customer service in the whole industry as our customer service executives are proficient at attending to complaints of customers promptly, and also replying inquiries and ensuring that customers get their orders. Our marketing and sales teams have perfected several penetration strategies aimed at getting new customers, whilst also ensuring that about 80% of loyal and old customers are retained and encouraged to refer more customers to us.

Sashi Hair Extension LLC is owned and run by Ms Lori Sashi, a professional in the hair industry and who has several professional hair styling certifications as well as proficiency certificates in hair extensions. Ms Sashi has 10 years of experience in the hair extension industry and this would be helpful in running this business.

3. Our Products and Services

At Sashi Hair Extensions LLC, we intend to give our customers – commercial and individual – a variety of options by giving them different premium grade and luxury hair extensions. We also intend to produce customized hair extensions for our partners and other large end commercial customers.

We know how important it is for us to create multiple sources of income especially if we intend to have a healthy bottom line as a company, which is why we intend to make profit not only from our main products – hair extensions – but also from other services and packages that we would be offering as well.

Our other sources of income will however be covered legally as under the permissible laws of the United States of America. Some of the products and services we intend to offer at Sashi Hair Extensions LLC include;

  • Sale of premium grade and luxury hair extensions for commercial and private customers
  • Training and consultancy services
  • Partnership deals

4. Our Mission and Vision Statement

  • Our vision is to produce hair extensions that are of the highest quality with unique textures and designs that can be sold commercially to distributors and retailers as well as to private customers.
  • Our mission statement is to ensure that we source for our hair extensions using reliable suppliers, and also ensure that our hairs go through a high processing system so that our customers can get only the best from us.

Our Business Structure

Having the right business structure is very important to us at Sashi Hair Extension LLC, and it is for this purpose that we have put plans in place to ensure that we employ the right human resources into the right positions that will ensure that the vision, as well as the goals and objectives of our company are achieved.

We have designed an organizational chart that will ensure that every employee knows his or her place in the organization and knows who to report to when the need arises. This is so as to achieve an efficient work flow and make sure that productivity isn’t affected.

We intend to ensure that we recruit only competent hands that have the experience of working in the hair extension industry and will be able to help build our hair extension business to the level we want it in the industry. We have perfected the right welfare and compensation packages for our employees which are amongst the best in the industry. Listed below is the business structure that we intend to build at Sashi Hair Extension LLC;

Chief Executive Officer

Quality Assurance Manager

Human Resources and Admin Manager

Sales and Marketing Team

Purchasing Manager

Store Manager

Delivery Driver

Customer Service Executives

Security Guard

5. Job Roles and Responsibilities

  • Drafts the overall strategic vision on how the company would be run
  • Meets and negotiates with high-powered customers on behalf of the company
  • Works with the accountant to draft an overall budget on behalf of the company
  • Carries out checks on the processed hair to ensure that its quality is in line with the company’s vision
  • Works with the purchasing manager to ensure that reliable vendors for unprocessed hairs are correctly sourced
  • In charge of hair extension treatments and change of textures and colors
  • Ensures that the company runs smoothly especially as regards Human Resources and administrative tasks
  • Responsible for sourcing and recruiting the right staff into Sashi Hair Extensions LLC
  • Ensures that employee appraisals are constantly carried out so as to enhance the productivity of the workers in the company.
  • Creates effective marketing and sales strategies intended to attract as well as retain customers for Sashi Hair Extensions LLC
  • Develops and implements a workable marketing budget in line with the company’s policies
  • Helps to increase the sales of hair extensions
  • Helps in preparing financial statements  – income statement, cash flows, balance sheet -on behalf of the company
  • Works with the CEO and purchasing manager to ensure that the proper budget is drafted in line with the vision of the organization
  • Helps prepare tax documents and submits same to tax officials at the appropriate time
  • Responsible for sourcing for reliable vendors and placing orders on behalf of Sashi Hair Extension LLC
  • Ensures that all orders and contracts with vendors are properly negotiated, updated and reviewed on behalf of the company
  • Is updated constantly on market trends and uses the information to make correct analysis on behalf of the company
  • Ensures that all brands of the hair extensions are in stock
  • Reports products that are out of stock to the purchasing manager
  • Ensures that the store is well ventilated and secured always
  • Ensures that all hair extensions get to the right customers at the right time
  • Supervises the uploading and offloading of hair extensions from the van
  • Ensures that the van is well maintained and carries out light repairs when necessary
  • Is properly informed about all the products and services that Sashi Hair Extensions deals with
  • Is responsible for ensuring that customers orders, inquiries and complaints are promptly attended to
  • Ensures that the database of customers is accurate and constantly updated
  • Responsible for ensuring that the premises is secured during and after working hours
  • Scrutinizes incoming and outgoing customers
  • Takes care of any security-related incident that might occur during work hours

6. SWOT Analysis

Producing the best premium grade hair extensions means we are committed to ensuring that our corporate foundation thrives on excellence.

Our drive for excellence enabled us to hire a reputable business consultant in Las Vegas to carry out a thorough and critical analysis of our business concept and inform us if we were on the right path of not only making profit but also competing fairly against our competitors in the same industry.

The business consultant whilst carrying out his analysis performed the critical SWOT (Strength, Weakness, Opportunity and threat) analysis and used that to analyze our chances in hair extension industry in Las Vegas – Nevada as well as the United States of America as a whole.

Below is the result of the SWOT analysis conducted on Sashi Hair Extension LLC business;

Our strength is primarily in the fact that we are located in Las Vegas, the city that never sleeps and has a high infusion of tourists and entertainers, which leads to a high demand for our hair extensions and the accompanying services. Our other strength lies in the fact that we are producing premium grade and luxury hair extensions, which will cater to all our classes of customers.

Also, our Chief Executive Officer, Lori Sashi has the required experience needed for the business to excel in this industry especially as she has worked in several hair extension production companies before deciding to start her own business.

Our location which is a huge advantage is also our weakness especially as there are other similar hair extension production companies which have been established here to take advantage of the market. However, having studied the market, we are positive that with our strategies on ground, we will be able to effectively combat this weakness.

  • Opportunities;

The opportunities available to us are unlimited as there is a huge thriving market on ground ready to patronize our products and the services we intend to offer. There are also a large number of celebrities and famous personalities looking to have their own hair brands and would be perfect business partners for us.

The likely threat in this industry is likely to be the downturn of the economy. A poor economy will see a low patronage of hair extensions as most people will not readily want to purchase new extensions, preferring instead to continuously use their old ones.

Another threat is likely to be the entrance of similar competitors into the same location where we would be operating from. As a business, we expect threats and have plans in place to ensure that we overcome any threats.

7. MARKET ANALYSIS

  • Market Trends

The hair extension business has snowballed into a huge business, with more people – men and women using the extensions to achieve styles that could not otherwise be done by the natural hair. However, asides from the fashionable use, there are practical uses for hair extensions such as protecting the natural hair from constant styling and harsh hair chemicals.

Any entrepreneur who intends to get into this market must however study the trends so as to be able to identify where reliable vendors can be sourced so that customers can get the best quality hair extensions needed.

Because the hair extension business is one that has a huge market share, more hair extension producing businesses have entered into the industry, which has caused stiff competition as regards getting customers. In this regard, most of these businesses have resorted to using various strategies aimed at attracting all the different kinds of customers such as giving discounts to hair stylists since most people trust the opinions of their hair extensions.

Also, because of the huge positive impact of the internet, more hair extension business owners are running part of their businesses online especially as more people are beginning to shop online for most of their wants and needs. Also, the internet affords the hair extension business the opportunity to be able to reach a wide range of customers than would have been possible otherwise.

8. Our Target Market

There are a wide variety of people now using hair extensions, from people who want to cover a hair loss, to those who use it to change their looks and styles and for other fashionable purposes as well. The large target market has made it very easy for us in Las Vegas Blvd S – Las Vegas, Nevada.

Our market research was however conducted by a reputable business researcher and allowed us to gain insight into what the market expects from us and what we would expect from them. Due to the market research carried out, we are able to discern the commercial and private customers that would need our products;

  • Black women
  • Celebrities
  • Female senior citizens
  • Cancer patients
  • Movie actors and actresses
  • High classed personalities
  • Hair stylists
  • Business people
  • fashion Designers
  • Hair Studios

Our Competitive Advantage

Our vision of producing the highest quality of hair extensions at Sashi Hair Extensions LLC is so as to achieve our aim of being industry leaders. Because the industry is one that is highly competitive, becoming industry leaders will mean us having strategies in place that will give us the needed competitive advantage over our competitors.

One of our top competitive advantages is in getting the right hands that are not only competent but have the required experience intended to make us industry leaders not only in Las Vegas but also in the United States of America as a whole.

Asides, ensuring that we have those who understand the industry working for us, we also intend to ensure that our customer service is the best that can be gotten in the industry, having an excellent customer service will mean that our customer retention rate is higher than that of our competitors; especially as customers stick with those who listen to their complaints and promptly attend to them.

Another competitive advantage we intend to deploy is in creating a unique website which we intend to use in interacting with our customers and also increase sales of our products whilst also effectively communicating our brand to our customers.

We intend to ensure that we always have stock in hand; this is so that our customers will not be forced to go to our competitors once they find that we do not have certain products in stock.  Our stock will depend hugely on our research on popular as well as unique demands of our target market.

Finally, getting competent hands without having strategies in place that will keep these hands happy will amount to nothing.

Therefore, we intend to put the right welfare packages in place as well as ensure that our employees undergo training often enough that will not only enhance their skills and productivity levels but also place them above their peers in the same industry.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

Sashi Hair Extensions LLC is not only established to make profit from all our products and services in the United States of America, we will also ensure that we give our customers – commercial and individual – a wider variety of options as regards the products we intend to produce.

Sashi Hair Extensions LLC intends to generate income through the following sources:

10. Sales Forecast

The hair extension industry is a growing industry that has huge demands that is growing each year, which means there will always b people who need to buy hair extensions for one reason or the other.

Our location in Las Vegas – Nevada has ensured that we are strategically positioned to meet the industry demands in the state and in the whole of the United States of America. Our location has also provided us with the optimism of meeting and exceeding our target in the first year of operations.

In carrying out a correct sales projection for Sashi Hair Extension LLC business, we hired a reputable business consultant that is proficient in projecting sales for our type of business.

Our business consultant carried out a critical analysis of our business and the chances we have in the business in comparison to similar businesses as well as start-ups in the area and was able to come up with a sales projection. Below was the sales projection gathered for Sashi Hair Extension LLC business based on our location and other perceived strengths:

  • First Fiscal Year-: $240,000
  • Second Fiscal Year-: $480,000
  • Third Fiscal Year-: $980,000

N.B: It should be noted that the above projections were based entirely on certain factors in the industry and on the assumption that certain other factors – such as a positive economy, lack of a serious competitor and our location – will remain unchanged.

Should there be any change in the factors that should remain unchanged; the projections might be affected positively or negatively.

  • Marketing Strategy and Sales Strategy

Marketing is an important tool that keeps businesses afloat. Any entrepreneur intending to start a business must be ready to create awareness for the business that will ensure that the business generates revenue and invariably makes profit.

However, marketing is an activity that needs to be well thought of before being deployed, which is why it is important that a market survey be carried out that will allow the right strategies to be drafted.

In drafting the right marketing strategies for Sashi Hair Extension LLC business that will not only make us stand out but also ensure we make enough revenue to keep us in business, we have hired business consultants who will work with our marketing and sales team to ensure that they draft strategies that are in line with our corporate policies.

One of the major tools that is used in marketing today is the internet. The internet has proved to be a force in not only getting a good market research on the target market but also as a means to retain existing customers while also attracting new ones to the company.

Our marketing and sales team will also come up with strategies that will ensure that we penetrate the market and reach new customers while also keeping the ones at hand. Asides, coming up with policies, they will also be empowered to ensure that they communicate our brand to our customers in the bid to generate income.

Some of the marketing and sales strategy that will be adopted by Sashi Hair Extension LLC business to sell its products and services include;

  • Direct marketing and sales
  • Attend and sponsor pageantries as well as fashion shows
  • Advertise our hair extension business in fashion and lifestyle magazines
  • Encourage our customers to refer us to others
  • Ensure that our hair extension business is listed in online and offline directories such as yellow pages
  • Make use of our official website to promote and market our products and services
  • Leverage on our social media platforms such as Facebook, Twitter and Instagram to connect with existing customers and connect with new potential customers.
  • Advertise in local newspapers and on radio and television stations
  • Attend trade fairs and local sales events so as to be close to our customers – both existing and potential.

11. Publicity and Advertising Strategy

Any business that is serious in making money in the hair industry knows how important publicity is regardless of its standing in the industry. Even though there will always be a huge demand for hair extensions, customers would still need to be wooed so that they could patronize your brand of hair extensions.

Since there is no industry without competitors, the essence of engaging in publicity and advertising strategies is so that your existing customers can easily identify with your brand, while potential customers might start considering patronizing you in place of your competitors.

This is why most businesses usually hire a publicity and advertising consultant especially ones who understand the business thoroughly as they would help draft effective strategies that would help boost our position in the hair industry.

Our publicity strategy is not only aimed at attracting customers so that they can help improve the bottom line of our company, it is also to ensure that our brand’s goals and objectives are effectively communicated to all our customers. Some of the strategies we intend to use in achieving publicity for Sashi hair Extension LLC include;

  • Providing incentives on some of our premium brands
  • Placing adverts for our hair extensions in beauty and fashion magazines
  • Sponsoring community fashion shows and pageantries
  • Attending trade fairs for networking purposes
  • Placing adverts on local newspapers, radio stations and on televisions
  • Placing our billboards in strategic locations in and around Las Vegas
  • Ensure that we distribute our uniquely designed handbills and fliers in target areas
  • Create a unique website and use the avenue to effectively market our products
  • Make use of our social media platforms – Facebook, Twitter, and Instagram to engage our existing and potential customers

12. Our Pricing Strategy

Setting a fair price for our hair extensions is dependent on so many factors such as our vendors, the price for way billing, several other operating costs and overhead costs. Our prices are very fair as we do not intend to charge our customers with exorbitant prices that will allow our customers have an edge over us.

Due to this fact, we intend to ensure that while we strive to produce quality hair extensions whose prices are at the same rate of that of our competitors.

However, to attract more customers to our hair extensions, we intend to set the prices on our products a bit lower than our competitors for the first few months. We also intend to ensure that we add a freebie to our hair extensions that way customers will want to buy our products than that of our competitors.

  • Payment Options

Due to the fact that we want our customers to have an easy time purchasing and paying for our products, we at Sashi Hair Extensions LLC have provided all our customers with different payment options that will make paying for our hair extensions and other services easier.

The different payment that will be made available to all our customers for all our various products and services include;

  • Cash payment
  • Payment via check
  • Payment via Point of Sale (POS) Machine
  • Payment via online portal
  • Payment via credit card

The different payment options were carefully chosen as the bank which we trust and use for operations are efficient on these platforms.

13. Startup Expenditure (Budget)

Starting a hair extension production can be expensive or cheap depending on your vision and scale of business. It is worthy to note that most of the capital is usually spent on start-up expenses such as leasing of facility and purchasing of inventory.

Also, because the business is not expected to generate profit at the first few months of operations, part of the capital is usually spent on paying the salaries of employees as well as used to settle utility bills. The major areas where we intend to spend the bulk of our capital on are;

  • Total incorporation fees for registering the business as well as other legalities in the United States of America – $1,000
  • Obtaining licenses and permits as well as accounting and software of POS machines – $1,500
  • Operational cost for the first six months (salaries of employees, payment of utility bills) – $50,000
  • Cost of start-up inventory (packaging materials, raw materials) – $50,000
  • Cost of hiring business consultants – $5,000
  • Cost of processing hair extension machines – $20,000
  • Cost of store equipment and hardware (racks, shelves) – $5,000
  • Cost of leasing a facility for at least a year – $50,000
  • Cost of purchasing hair extension distribution vehicle – $30,000
  • Cost of launching a website – $500
  • Insurance coverage (general liability, workers’ compensation) – $3,000
  • Marketing expenses as well as grand opening promotional expenses – $4,000
  • Cost of throwing our launching party – $5,000
  • Miscellaneous – $5,000

From the above report, it is obvious that we would need an estimate of $230,000 in order to successfully start and run our hair extension business in Las Vegas – Nevada. It should be noted that the above amount includes the facility which we intend to lease, the salaries of our employees and payment of utility bills for the first six months of operations.

Generating Funding / Startup Capital for Sashi Hair Extension Production Business

Sashi Hair Extension LLC is a business that is owned and run by Ms. Lori Sashi. Sashi is quite passionate about her business and hopes to see it be amongst the leading brands in the industry as well as the first option for all customers – commercial and individual. This is why she has decided to source for capital from these sources;

The areas which we intend to generate capita for are;

  • Capital generation from sale of personal stock
  • Sourcing of soft loans from wealthy friends
  • Applying for loan from the bank
  • Approaching a private investor

N.B: We are nearly done with this aspect as we have been able to generate the following amount from our sources; sale of personal stock $30,000; sourcing of soft loans from wealthy friends $40,000; applying for loan from the bank $100,000, and we have approached a private and willing investor, who having looked through our business plan has pledged to credit our account with $60,000. We are expecting the amount any moment from now.

14. Sustainability and Expansion Strategy

Every business knows how important it is to have strategies in place that would not only seek to sustain but expand the business as well.

We know that to ensure that we remain in business for a long time, we must have competent employees in place that thoroughly understand the goals and objectives of the business. Asides, our employees, we know how important it is for us to have loyal customers as they are the major lifeblood of any business.

Customers are what keep a business in operation, without customers a business will not take long before crumbling. This is why it is essential to ensure that our customers are kept happy and satisfied with our products and services. We intend to reward our loyal customers by giving them incentives for every referrals as well as one in a while discounts for every tenth time they purchase our products.

Without having the right staff in hand to keep our customers happy and also communicate our brand, we at Sashi Hair Extension LLC, intend to ensure that the welfare of our staff is well taken care of.

We intend to ensure that our employees are adequately trained to carry out their duties and also to ensure that their skills are enhanced so that they could carry out their tasks efficiently and also to increase their productivity at the workplace.

We will also ensure that while we carry our top management along in corporate culture strategic decision-making, they also adequately communicate same to the lower end staff. Ensuring that all the above factors are duly taken care of, will allow us achieve our intended dreams of being amongst the top leaders in the United States of America.

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
  • 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 employees: In Progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business both online and around the community: In Progress
  • Health and Safety and Fire Safety Arrangement (License): Secured
  • Opening party / launching party planning: In Progress
  • Establishing business relationship with vendors – wholesale suppliers / merchants: In Progress
  • Purchase of trucks: Completed

Related Posts:

  • Hair Extension Selling Business Plan [Sample Template]
  • Soap Making Business Plan [Sample Template]
  • Cosmetics Manufacturing Business Plan [Sample Template]
  • Mobile Nail Salon Business Plan [Sample Template]
  • Laser Tattoo Removal Business Plan [Sample Template]
  • How Much Does It Cost to Start a Hair Extension Business?
  • How to Make Money Selling Hair Bundles (Profit Margin per Bundle)

Sample Hair Related Venture Business Plan

Do you need help starting a weave and hair extension shop? If YES, here is a sample hair extension Business Plan.

Sale of hair extensions is part of a booming beauty product industry. There is tremendous potential for entrepreneurs considering this area of business. If you are one of such persons, this article is written with you in mind.

This hair extension business plan example seeks to help you write your unique plan easily.

Most times, new entrepreneurs are faced with the daunting challenge of how to put their plan together.

WEAVE-ON AND HAIR EXTENSION BUSINESS PLAN PDF SAMPLE

Are you looking forward to starting a hair extension business? Are you a person that loves noticing people’s hair and also touching it? Do you have joy in making hair looks neat and beautiful? Why not start a hair extension business?

Actually I will tell you why you need to.

Firstly, starting a hair extension business is no rocket science. Most persons are scared of starting a business because of the risks involved. However, there are a number of gimmicks that would smoothen your path through the business if you are adequately guided.

READ:  40 BUSINESS IDEAS FOR WOMEN

You must realize that every venture comes with its packaged set of challenges. But if equipped with the right tools, we are simply going to be the potter that has no clay too hard to bend.

Let us kick off by noting that there are a number of hair extensions and its affiliated products in the market. From Brazilian, synthetic, human hair, Peruvian hair, Indian hair, amigos attachment, expression attachment, and wigs.

We should know as well that the costs of procuring these extensions come in a stratified way.

Then to top it off, there can as well be an extension to the hair extension business, in the sense that you could also include the products for hair maintenance as well.

Without further ado, I will look directly at the guaranteed steps for a successful start of hair extension business; steps that are certain to guarantee you security from being swallowed by any risks.

Here is a business plan for selling hair extensions.

  • Gain Thorough Knowledge

As important as it sounds, it is the primary key that would open your success doors in the fashion industry. You must be as vast as possible. I’m not saying you should begin to study the history of the House of Worth where serious fashion began, but the rudiments of hair extensions would do.

You must answer questions such as: how many variants of hair extensions are there? Which hair extensions are of good quality? Where are the locations to purchase the hair extensions? Upon arming yourself with the answers to these questions, then you are in position for the next step.

  • Conduct a Feasibility Study

This part is as crucial as the first. It is the wind vane the determine the direction of the wind of investment as you launch your business. You must find out what styles of hair extensions appeal to prospective customers, and what range of quality they are capable of affording.

You must also find out the location where you intend to site your business, and what income grade of people stay there. It is madness to start up a hair extension business in a monastery, so look out carefully for your location, and draft up a sample plan.

  • Get a location and Purchase Some of the Items

How much is a carton of expression attachment  in Nigeria 2020?  Now you are taking the first practical step. You could budget probably between 60, 000 to 100, 000 naira for getting a beauty shop depending on the location. Then go on to invest possibly a capital of between ₦400,000 to ₦600,000 in the business.

Take this from me: with the right dedication, you could be making over 25% of this investment capital on a monthly basis. So it’s worth it.

  • Establish Relationship with a Manufacturer

Indeed this also dictates the extent of success of any business. Choose a manufacturer to deliver wholesale quantity of the products to you, as this would ensure quality as well as reduce cost.

This is very important. Some business owners make orders directly from China and India where these products are manufactured, but if your means can not afford that, then you could simply connections with local weavon and attachment distributors ; in the given time, you would scale to higher levels.

  • Adopt Strategic Pricing

You must choose prices that would make sense to your client’s pockets as well as yours. The economists would call this ‘equilibrium price’. As a business starting up, you need to command the market, you need to twist the competition in your favor, and what is a better way of doing so than using the tool of pricing?

Adopt a suitable price for your hair extensions and associated products such that you are making profits, and your customers are comfortable. Again, you must not compromise on quality.

  • Advertisements

As part of the backbones of any business venture, the need to promote the business is chief. You must take advantage of platforms like Facebook, Twitter, LinkedIn, and other social media to advance your business beyond the frontiers of your immediate location.

Friends can even place orders through to you over the internet. Mouth-to-mouth information is as well another key; an indispensable one at that. Even using the hair extensions on its own is another way of advertisement that fosters sales.

Creativity is another key player in the fashion kingdom; it determines to what extent you would penetrate the market. All in all, the formula is simply: good plan plus dedication plus knowledge equals financial success.

How to Start a Business Selling Human Hair and Weaves

With the widespread in the usage of weave around the world, this is the best time to start a business selling hair weave. This is a billion-dollar business in case you don’t know. How much can you make selling weave?

Selling of weave extensions online is not just a business for the ladies alone. If you are a male and you would love to venture into the business, there is room for you.

Weave is a highly demand hair product that anyone can leverage on and cash huge amount of money from it. There are hundreds of thousands of hair salons around the globe that you can sell your weaves to.

Aside selling to hair salons, individuals also demand for weave directly from sellers either online or in person without going to hair salons.

Weave is a kind of hair product that is desirable based on the fact that it looks more regular and is more flexible since it can be warm-styled without harm.

So, to help you get started and help you consider if to venture into the business, I am sharing with you on this post how you can start selling weave and become a boss of your own. It is a lucrative business you should not just throw off without great amount of consideration.

Starting a Business Selling Hair Weaves – Checklist

  • Conduct a Market Research

This is the first step you must take before venturing into the business so you don’t regret later along the way. You will need to conduct a market research to find out the different kinds of weave that is of high demand in the market.

You don’t want to a situation where after you have spent your hard-earned money buying certain kind of weaves you then realized that no one is demanding for them.

Conduct a market research and find out the kinds of weaves that are selling. Look at weaves worn by celebrities and find out if people are demanding for it. You will need to study the market and ask friends, family members that wear weaves to tell you what is trending.

If you are a girl that wear weaves, it will be an advantage to you as you will have a good idea of what is trending. Go to popular hair salon in your city and ask the owners the weave that is of high demand so you know which and which to buy.

  • Find a Trusted Supplier

There are many suppliers and companies who pose as hair product suppliers. You must be very careful in picking a supplier for your product so as not to disappoint your customers when they demand for your products.

Find a supplier with a good track record. Alieexpress is a good place to source for suppliers and their reviews. One other best way to do this is by asking other weave sellers to refer you to their supplier or any supplier they trust.

  • Place your Order

After you must have secured a trusted supplier, it is time to place your order. No matter your budget, do not place a huge order as you are not certain of the supplier yet as one can’t trust reviews these days. Some companies pay people to write a good review for them.

Just place a few order to test the supplier and see if your goods will be delivered on time. If the supplier delivers on time, then you can be assured of placing a large order next time.

  • Get a Location

Though this is optional, but if you have the budget and have the vision of going large-scale, it is also good. You can choose to open a physical retail shop or an ecommerce shop where you will be selling your weave to potential customers.

You can also choose to stock your products at home and be doing delivery when customers order for them. Ps time gets better, you can then get a location and site your shop there for people to come in and place order.

  • Wholesale Account

Set up discount accounts with producers and brands of human hair, for example, Bohyme, Milkyway or Saga. To get the least costs, you will probably need to work specifically with universal makers instead of purchase from a wholesaler in the United States in light of the fact that most human hair for weaving is accumulated and delivered in Asia.

  • Great Marketing

For you to make good money, your business must be known to potential customers. Word of mouth is not enough.

Social media is one platform with the potential to turn your business into a 6 figure business within a month if you know how to use it to market your business. Great platforms like Facebook, Pinterest and Instagram will be a great tool for this kind of business.

Advertise your weaves on fashion magazines too. This is one way to let weave lovers and salon owners that you exist and how you can be reached. Your marketing is going to be crucial for success in this business as it is a crowded market.

You may not see result at first, but rather with predictable exertion, you will have the capacity to push toward starting a successful weave business .

HAIR EXTENSION BUSINESS PLAN EXAMPLE

Using this sample, you do not need to worry as it gives you a template you can easily work with. Although this is the case, you need to have a thorough understanding of this line of business before venturing out. If you have, then this is your next step;

  • Executive Summary

Beauty Care LLC is a business that specializes in the provision of a wide variety of hair extension products. Located in Richmond, Virginia, we seek to expand to cover more locations within the state of Virginia. However, our sights are set on breaking into the top tier of hair extension business. This will require tremendous work and dedication on our side. The good part is that we are fully prepared to take on this challenge.

We have set a structure in place that will become beneficial for all players. This includes our workforce, our clients and business owners. There is something for everyone. Our customer care service is top notch! We ensure that all clients are treated on individual basis and given the very best. This is done in order to build our reputation as a reliable name when it comes to quality and service delivery.

  • Products and Services

We sell a variety of hair products from premium to exotic brands. This is in addition to our skillfully crafted and customizable hair extensions.

Our products will include both natural and synthetic hair. Apart from sale of high quality hair extensions, we also offer training and consultancy services. This presents an avenue to share our expertise with persons or aspiring entrepreneurs willing to learn.

  • Vision Statement

We seek to create a reputable brand known only for quality and affordability. We are leaving no stone unturned in attaining these lofty ideals. Our vision for Beauty Care LLC is to be among the top 10 hair extension businesses in America within a decade from the time of take off.

  • Mission Statement

As the desire to look good increases, so does the need for quality products. We are well suited to meet these needs through the sale of high quality hair products from reputable brands. This will be in addition to the crafting our beautiful hair extensions. As a business, we seek to be driven by innovation in developing new styles of hair extensions in addition to the sale of those made by well-known brands.

  • SWOT Analysis

We consider this a measure of our competitiveness in the hair extension industry. This analyzes our strengths, weaknesses, opportunities and threats. To do this, we have contracted a major firm with expertise in the provision of a variety of business solutions.

The findings have been revealing and will enable us streamline our efforts into achieving our desired goals.

One of the major areas of strength for our hair extension business is the quality and depth of our workforce. These have acquired significant experience and training in the craft. Apart from selling top hair extension brands, we will make our customized extension products as well. These are as good as some of well known brands in the industry.

We are constrained financially. This has limited the scale of our business. However, this is only a temporary setback as we intend to start where we are to achieve our aims. There are also major players in the hair extension business.

These exert a tremendous amount of influence too. Operating alongside these formidable competitors can be challenging but we will maintain a positive outlook.

  • Opportunities

The hair extension sector of the beauty industry experiences one of the highest patronages. This is driven by innovation as more natural and synthetic hair variants become available. We are encouraged by such opportunities and seek to contribute to this innovation too.

Clients are always available to buy new hair products. We are seizing this opportunity to build a thriving business.

As there are opportunities, there are also threats. These are in the form of an economic recession. Under such situations, every industry is affected. The beauty industry is one of the hardest hit because the stream of disposable income has ceased.

  • Target Market

People buy hair extensions for different reasons. For some, they may need to change their looks.  For others, having a hair loss may be a major reason. Still yet, others will buy hair extensions for a host of reasons. Whatever these reasons are, the fact remains that it is a booming industry. Demand is driven by women. Hence, they are our main target market.

Others include cancer patients, celebrities, movie stars, hair stylists, tourists, and fashion designers. Our marketing activities will focus on this category of clients because they have a major influence on demand.

  • Sales Projection

Increased sales translate to increased profits. To have an idea of the extent of demand, we have used current market data to arrive at a sales projection covering a three year period. This projection has revealed positive growth in generated revenue as shown below;

  • First Financial Year $200,000.00
  • Second Financial Year $550,000.00
  • Third Financial Year $990,000.00
  • Competitive Advantage

An advantage we have is the making of our own unique and beautiful hair extension products. This is in addition to the sale of other brands. While purchasing these hair extensions, it becomes easier to sell our own because they are qualitative as other popular brands.

We also have a great work environment where our staffs are encouraged to give in their best. All types assignments are incentivized to serve as a boost to the general work atmosphere.

  • Marketing and Sales Strategies

To attract sales, we have partnered with celebrities to don our hair extensions. This is in addition to our foray into fashion shows where we work with the show organizers and major fashion designers. Our hair extensions are worn by these models and showcased to the world. This strategy has been successful in attracting increased demand for our products.

Our marketing team has designed various ads that will be marketed on social media, our website and on electronic as well as print media.

This hair extension business plan sample has been written with the would-be entrepreneur in mind. It offers you a wealth of perspective on what a good plan should consist of. After successfully writing your plan, implementing it is also as critical. It is only through a thorough implementation that the benefits can be felt and seen in the business.

Related posts:

  • Sample Hair Salon Business Plan Executive Summary
  • Sample Venture Capital Firm Business Plan
  • How To Produce Your Own Hair Cream

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Growthink logo white

Hair Salon Business Plan Template

Hair salon company analysis.

In your company analysis, you will detail the type of hair salon you are operating.

For example, you might operate one of the following types:

  • Hair salon focusing strictly on hair cuts and hair styling
  • Hair salon offering other salon services (nails, skin)
  • Hair salon offering products
  • Combination of the above types

In addition to explaining the type of hair salon you operate, the Company Analysis section of your business plan needs to provide background on your business.

Include answers to question such as:

  • When and why did you start your hair salon business?
  • What milestones have you achieved to date? Milestones could include sales goals you’ve reached, new store openings, etc.
  • Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

HAIR SALON BUSINESS PLAN OUTLINE

  • Hair Salon Business Plan Home
  • 1. Executive Summary
  • 2. Company Overview
  • 3. Industry Analysis
  • 4. Customer Analysis
  • 5. Competitive Analysis
  • 6. Marketing Plan
  • 7. Operations Plan
  • 8. Management Team
  • 9. Financial Plan
  • 10. Appendix
  • Hair Salon Business Plan Summary

Other Helpful Business Plan Articles & Templates

Use This Simple Business Plan Template

PlanBuildr Logo

Natural Hair Care Business Plan Template

Written by Dave Lavinsky

Natural Hair Care Business Plan

You’ve come to the right place to create your Natural Hair Care business plan.

We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Natural Hair Care businesses.

Below is a template to help you create each section of your Natural Hair Care business plan.

Executive Summary

Business overview.

Shimmer & Shine Natural Hair Care is a startup natural hair care company located in Dallas, Texas. The company is founded by Danielle Evans, who has experience in natural hair care products and the techniques that accompany healthy hair. Now, with the expertise of knowledge and business acumen, she has determined she can confidently start and effectively grow a successful natural hair care company. Danyelle believes her experience of strategic growth, marketing skills, financial capabilities, and wide and deep knowledge of hair care sales practices will provide everything needed for long-term growth and profitability.

Shimmer & Shine Natural Hair Care will provide a comprehensive array of natural hair care products for a wide variety of clients. Shimmer & Shine Natural Hair Care will be the best source for natural hair products, providing services and products to each client while supporting the strategic goals of the company. Shimmer & Shine Natural Hair Care will be the ultimate choice in good-for-your-hair products for clients to ensure that every need of the customer is fully and completely met.

Product Offering

The following are the products and services that Shimmer & Shine Natural Hair Care will provide:

  • High-quality, chemical-free products for individuals with hair of all types and texture.
  • Shimmer & Shine Natural Hair Care is focused on creating effective and nourishing solutions for all hair types, including those individuals with hair loss and hair damage.
  • Nourishing natural products with no ammonia or harsh bleach
  • Products with natural ingredients such as aloe vera, coconut oil, and shea butter
  • Consultations for each customer using a natural hair care daily regimen
  • Natural hair care brushes, clips, hairsprays and oils that enhance the look and feel of natural hair

Customer Focus

Shimmer & Shine Natural Hair Care will target all individuals in the Dallas region. They will target owners of hair salons and hair departments. They will target the younger demographic of ages 20-25. They will also target nail salons, natural health practitioners, and natural products retail stores.

Management Team

Shimmer & Shine Natural Hair Care will be owned and operated by Danielle Evans. She recruited her former retail sales assistant, Juno Topero, to be her Assistant Manager in the company to help both in the customer service area and the back office operations. Danielle also recruited her brother, Thom Evans, an accountant, to act as the accountant for the startup company, as well as oversee hiring of personnel for the store location.

Danielle Evans has worked in the hair care industry as a healthy hair consultant for over ten years, working within the salon industry. She was hired to promote certain hair products that were infused with chemicals and artificial ingredients. Upon discovering what those products contained, Danielle began to plan the opening of her own company, which would focus on natural hair care products. She is a graduate of the Hair College of Dallas with a degree in hair restoration.

Juno Topero, the former assistant manager for Danielle Evans, is a creative hair care consultant and an excellent customer service representative who worked with Danielle for five years. She will take on the role of Assistant Manager of the retail store, serving customers and maintaining back office operations. Juno has an associate degree from the University of Alaska.

Thom Evans, the brother of Danielle, graduated from University of Texas with a degree in business accounting. He earned a CPA title and has been employed by a large CPA firm. Knowing Danielle’s proficiency and background of knowledge, Thom has agreed to become the accountant for Shimmer & Shine Natural Hair Care.

Success Factors

Shimmer & Shine Natural Hair Care will be able to achieve success by offering the following competitive advantages:

  • Friendly, knowledgeable, and highly-qualified team of Shimmer & Shine Natural Hair Care
  • Comprehensive menu of proprietary all-natural products and a salon where customers can seek the advice and treatment of trained professional hair care specialists.
  • Shimmer & Shine Natural Hair Care offers the best pricing in town. Their pricing structure is the most cost effective compared to the competition.

Financial Highlights

Danielle Evans is seeking $200,000 in debt financing to launch Shimmer & Shine Natural Hair Care. The funding will be dedicated toward securing the office space and purchasing office equipment and supplies. Funding will also be dedicated toward three months of overhead costs to include payroll of the staff, rent, and marketing costs for the print ads and marketing costs. The breakout of the funding is below:

  • Office space build-out: $20,000
  • Office equipment, supplies, and materials: $10,000
  • Three months of overhead expenses (payroll, rent, utilities): $150,000
  • Marketing costs: $10,000
  • Working capital: $10,000

The following graph outlines the financial projections for Shimmer & Shine Natural Hair Care.

Shimmer & Shine Natural Hair Care Pro Forma Projections

Company Overview

Who is shimmer & shine natural hair care.

Shimmer & Shine Natural Hair Care is a newly established, full-service natural hair company in Dallas, Texas. Shimmer & Shine Natural Hair Care will offer the most gentle, effective natural hair treatments and products for sale at retail, which will far outshine the standard lines of hair care products. Shimmer & Shine Natural Hair Care products will be essential for all individuals in Dallas and the surrounding communities. Shimmer & Shine Natural Hair Care will provide a comprehensive menu of natural hair care services for any individual to utilize. Their full-service approach includes a comprehensive inventory of natural hair care products, accessories and beauty-related organic products.

  Shimmer & Shine Natural Hair Care staff members will be able to assist customers via the in-store hair salon or purchase hair care products online via the website. They will also be able to experience natural supplement hair treatments, nail treatments and skin rejuvenation wraps. Shimmer & Shine Natural Hair Care will bring not only natural goodness to hair, but to all elements of the body. At the same time, Shimmer & Shine Natural Hair Care removes all headaches and issues of the damaged or broken hair and ensures all issues are taken care of using natural, gentle products and a high level of personal care.

Shimmer & Shine Natural Hair Care History

Shimmer & Shine Natural Hair Care is owned and operated by Danielle Evans, a former hair consultant who has a degree from the Hair College of Dallas where she first learned about natural hair care. Since that time, Denielle has worked with women who have hair issues to assist them in selecting the best products for natural hair function and beauty. Danielle has gained the trust and commitment of several former customers who have promised they will follow Danielle to her new company.

Since incorporation, Shimmer & Shine Natural Hair Care has achieved the following milestones:

  • Registered Shimmer & Shine Natural Hair Care, LLC to transact business in the state of Texas.
  • Has a contract in place for a 10,000 square foot office at one of the midtown buildings
  • Reached out to numerous contacts to include Shimmer & Shine Hair Care.
  • Began recruiting a staff of an assistant retail manager and an accountant and two office personnel to work at Shimmer & Shine Natural Hair Care

Shimmer & Shine Natural Hair Care Services

The following will be the services Shimmer & Shine Natural Hair Care will provide:

  • Proprietary hair products that are sulfate-free and hydrating
  • Proprietary moisturizing conditioners with natural emollients
  • Proprietary curl-defining treatments for hair
  • Sea-salt skin and nail treatment
  • In-salon natural hair treatments and services
  • Online customer reservation system
  • Website platform that offers products and shipment
  • Hair consultations for dry, bleached and damaged hair

Industry Analysis

The natural hair care industry is expected to grow over the next five years to over $15 billion. The growth will be driven by the consumer demand for naturally gentle hair products, along with natural body lotions, soaps and cosmetics. The growth will also be driven by the growing demographic of young teens who are eager to preserve their youthful skin and hair. The growth will be driven by technology and hair style evolutions in the coming decade, along with food products that will be aligned with hair products, such as avocado hair treatments and lemon hair scrubs.

Costs will likely be reduced as new software will remove the more common chores of company operation, allowing a cost savings in daily tasks within the company. Costs will likely be reduced by the growing availability of proprietary products that are produced in international markets and shipped to retail markets. Unusual ingredients in hair products and accessories will drive the market up, while wide availability of those products will drive costs down.

Customer Analysis

Demographic profile of target market.

Shimmer & Shine Natural Hair Care will target those individuals in Dallas, Texas seeking to improve their hair with natural products or maintain the natural beauty of their hair. Customers will include adults, teens and pre-teens. They will also target hair salons who may want to carry their brand name products. They will target celebrities to earn endorsements and social media influencers to gain a larger audience of product users.

Customer Segmentation

Shimmer & Shine Natural Hair Care will primarily target the following customer profiles:

  • Adults in the Dallas region
  • Teens and pre-teens
  • Hair colleges
  • Beauty salons and beauty product stores
  • Celebrities and social media influencers

Competitive Analysis

Direct and indirect competitors.

Shimmer & Shine Natural Hair Care will face competition from other companies with similar business profiles. A description of each competitor company is below.

Stay Cool Hair Products Company

The Stay Cool Hair Products Company is owned by Tami Thorsen, a former hair salon stylist who has invested in multiple products said to tame the thick texture and tight curls of pre-teens, teens and young adults who are seeking a more sleek, straight hair look and feel for their hair. Tami has been the stylist of hair for many young adults who began in recent years to ask more frequently for hair care products that would smell very sweet and rich, while performing well. After some research, Tami found products that fit the requests. The company was started in 2015 and has grown to include two retail locations, selling products that are mid-market in price.

Evonne Sheraz Hair Care

A former model, Evonne Sheraz, opened a hair care company in 2010 that specializes in restoring the beauty of hair. Evonne graduated from the New York Hair Styling College with an associate degree in hair care. The products offered by the Evonne Sheraz Hair Care product line begin with the ingredient, “botanicals,” which are flower extractions that offer fragrance and sometimes oils for hair care products.

Evonne has recruited a male model, Trace Good, to be the voice and face of the male customer of the Evonne Sheraz Hair Care company and both Evonne and Trace use all hair products as needed to personally test each new scent and performance. Sales at the small retail store have not yet reached over one million, but Evonne hopes to sell high-volume products to major retailers as additional revenue to her cash reserves.

Archer’s Home Goods

Archer’s Home Goods is a national retail chain selling housewares, beauty products, games and toys, bedding and other general household items. With over 500 stores, the owner, Richard Daily, has the luxury of choosing what he believes will be the best-performing products, based on his own personal likes and dislikes. The retail chain has contracted with suppliers to create products for sale that are proprietary to the chain and the company sells a low-end shampoo and conditioner set made in China, along with related items that vary in price. The products are not “natural” and are bought in bulk shipments of no less than 10,000 units per order.

Competitive Advantage

Shimmer & Shine Natural Hair Care will be able to offer the following advantages over their competition:

Marketing Plan

Brand & value proposition.

Shimmer & Shine Natural Hair Care will offer the unique value proposition to its clientele:

  • Highly-qualified team of skilled employees who are able to provide a comprehensive consultation and the highest quality in natural hair care products and accessories.
  • Personal attention and follow-up for customers with damaged, bleached or aging hair.
  • A rich line of proprietary hair care products brings natural moisture and luster to hair and promotes regrowth and thickness of hair in the process
  • Unbeatable pricing to its clients; they will offer the lowest pricing in the city.

Promotions Strategy

The promotions strategy for Shimmer & Shine Natural Hair Care is as follows:

Word of Mouth/Referrals

Shimmer & Shine Natural Hair Care has built up an extensive list of contacts over the years by providing exceptional service and expertise to hair care customers. The contacts and clients will follow her to her new company and help spread the word of Shimmer & Shine Natural Hair Care.

Professional Associations and Networking

The natural hair care industry is growing rapidly and the national trade show will allow the beauty and cosmetic buyers to view the natural hair care products of Shimmer & Shine Natural Hair Care. Networking within trade groups will also begin, as associations will lead to business relationships and strategic growth.

Print Advertising

Advertising will be conducted through print magazines targeted to the women’s demographic, including pre-teen magazines, teen magazines and popular women’s magazines.

Website/SEO Marketing

Shimmer & Shine Natural Hair Care will fully utilize their website. The website will be well organized, informative, and list all the products and services that Shimmer & Shine Natural Hair Care provides. The website will also list their contact information and the reservation system will allow customers to reserve hair appointments in advance. Products and accessories can also be purchased online. The website will engage in SEO marketing tactics so that anytime someone types in the Google or Bing search engine “natural hair care company” or “hair care company near me,” Shimmer & Shine Natural Hair Care will be listed at the top of the search results.

The pricing of Shimmer & Shine Natural Hair Care will be moderate and on par with competitors so customers feel they receive excellent value when purchasing their services.

Operations Plan

The following will be the operations plan for Shimmer & Shine Natural Hair Care. Operation Functions:

  • Danielle Evans will be the owner and President of the company. She will oversee all staff and manage client relations. She has spent the past year recruiting the following staff:
  • Juno Topero will be the Assistant Manager of the retail store who will manage the office administration, client files, and front house operations.
  • Thom Evans will provide all client accounting, tax payments, and monthly financial reporting and he will be the CPA for the company.
  • Traci Martin will be the part-time Marketing Manager who will provide all social media marketing for Shimmer & Shine Natural Hair Care and each client it serves.

Milestones:

Shimmer & Shine Natural Hair Care will have the following milestones completed in the next six months.

  • 5/1/202X – Finalize contract to lease office space
  • 5/15/202X – Finalize staff employment contracts for the Shimmer & Shine Natural Hair Care
  • 6/1/202X – Finalize contracts for Shimmer & Shine Natural Hair Care clients
  • 6/15/202X – Begin networking at industry events
  • 6/22/202X – Begin moving into Shimmer & Shine Natural Hair Care salon
  • 7/1/202X – Shimmer & Shine Natural Hair Care opens its doors for business

Financial Plan

Key revenue & costs.

The revenue drivers for Shimmer & Shine Natural Hair Care are the fees they will charge to customers for products and their services. .

The cost drivers will be the overhead costs required in order to staff Shimmer & Shine Natural Hair Care. The expenses will be the payroll cost, rent, utilities, office supplies, and marketing materials.

Funding Requirements and Use of Funds

Shimmer & Shine Natural Hair Care is seeking $200,000 in debt financing to launch its startup company. The funding will be dedicated toward securing the office space and purchasing office equipment and supplies. Funding will also be dedicated toward three months of overhead costs to include payroll of the staff, rent, and marketing costs for the print ads and association memberships. The breakout of the funding is below:

Key Assumptions

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.

  • Number of Customers Per Month: 350
  • Average Revenue per Month: $22,000
  • Office Lease per Year: $100,000

Financial Projections

Income statement, balance sheet, cash flow statement, natural hair care business plan faqs, what is a natural hair care business plan.

A natural hair care business plan is a plan to start and/or grow your natural hair care business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections. You can easily complete your Natural Hair Care business plan using our Natural Hair Care Business Plan Template here .

What are the Main Types of Natural Hair Care Businesses?

There are a number of different kinds of natural hair care businesses, some examples include: Full-service natural hair care salon, Natural hair care consulting service, Natural hair care products store, and Natural hair care products online store.

How Do You Get Funding for Your Natural Hair Care Business Plan?

Natural Hair Care businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a Natural Hair Care Business?

Starting a natural hair care business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster. 1. Develop A Natural Hair Care Business Plan - The first step in starting a business is to create a detailed natural hair care business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast. 2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your natural hair care business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your natural hair care business is in compliance with local laws. 3. Register Your Natural Hair Care Business - Once you have chosen a legal structure, the next step is to register your natural hair care business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 4. Identify Financing Options - It’s likely that you’ll need some capital to start your natural hair care business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 7. Acquire Necessary Natural Hair Care Equipment & Supplies - In order to start your natural hair care business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your natural hair care business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.

Business Plan Writer Moscow

A well written business plan is an essential component for any company seeking to raise capital. Our team at Prospectus.com has over 20 years of experience writing business plans and structuring business models for start-ups, later stage and expansion companies, those seeking venture or angel financing all the way to mezzanine and 144A funding, spanning a wide range of industries across the globe. We have been involved in thousands business projects and assisted with business planning, offering and private placement setup, feasibility studies, drafting financial projections, both for private companies and those seeking initial public offerings or listings on a stock exchange.  Our team is a recognized leader in business plan development. In fact, our CEO is the Chairman and Founder of  Borders.org  ( Business Plans Without Borders ), a not-for-profit 501c3 organization which assist low income families as well as refugees and immigrants with business plan writing services and grants.

Our Team’s Business Plan Advisory Services Value-Proposition:

  • Our staff are known as one of the most reliable and affordable Business Plan developers in the U.S. and worldwide. Our straight forward and honest assessment of one’s business is one of our strongest characteristics
  • Offices and associates in numerous countries, including New York, London, Hong Kong Beijing, Singapore and Seattle
  • 1 to 2 weeks’ average time for completing business plans
  • Proven track record of saving entrepreneurs thousands of dollars in needless spending while developing the business plan
  • Ability to draft your business plan and prospectus or private placement memorandum or offering memorandum for debt or equity offerings or any other service and package    everything as one price
  • We are somewhat of a one stop business for most of the startup and later stage company needs.

Moscow Business Plan Options

There are mainly two types of business plans that are written in Moscow: capital raising business plans and management or managerial business plans.

Raise Capital with a Business Plan

Most business plans are written with eye towards raising money for their venture. In a business plan that is written for investment capital, the structure of the business plans and therefore the most important point of the document will be the value-added benefit. Information on the products, services and the market will play central roles in the development of the plan, as well as various payout or exit strategies for the investors. Most business plans will focus on either selling equity or debt to investors.

  • Equity : In an equity business plan the company seeking funding will sell an ownership stake. If the company is a corporation, they will sell shares or common stock or a variation of them. If the company is a LLC or a Limited Company (which is popular worldwide) interest or units in the company would be offered. Both a form of ownership, just with a different name for each entity. In additional, there are other sweeteners one can add into any business plan offering, including warrants or preferred shares or preferred units or convertible debt.
  • Debt : in a debt offering business plan the company will be issuing some type of bond or a note to investors. A bond or note differ only in terms of the length of each security, which bonds being considered a longer maturity date than a note. There are also convertible debt securities that would convert the notes/bonds to equity at a certain fixed point in time. The business plan for bonds would detail the terms, such as the maturity date, interest rate and other vital information.

Managerial Guidance Business Plan

  • No Capital Raising : In a managerial or a management business plan, the focus is not on raising money but what strategy a company should employ. While most companies that write business plans do so to raise capital, there are some that simply want to get a second opinion or an outside view of their business. They ask us to write them a business plan for growth opportunities, not to raise money. Said another way, the management of the company wants to see our view and take on their business and what we would do to expand their company.
  • Recommendations : A business plan used to simply strategically plan one’s next move is referred to as managerial guidance business plan document. No capital is being raised initially, although sometimes we may conclude that capital should be raised for the company to penetrate or open new markets or opportunities. In the course of research, we may conclude that, in fact, the company should conduct an offering and raise money. We will recommend the amount to raise based on the company’s expansion needs and the company valuation.

3 Levels of Business Plans

Our firm offers various levels of business plan writing service and consulting, including: Level I Start-up Business Plan »

  • Prospectus.com’s team consists of industry expert business plan writers. Our Level I Start-up Business Plan can be used for companies raising initial seed funding and getting off the ground. The dollar amount being raised is not of paramount importance.
  • The Start-up Plan includes complete financials, potential cash-flow, market analysis and marketing strategies as well as a break-even analysis, and a separate executive summary and much more.

Level II Expansion or Series B Business Plan »

  • Prospectus’ Level II Expansion or Series B Business Plan assists companies and entrepreneurs that are seeking to expand or scale their business, including by increasing market share.
  • The Level II Start-up Plan helps to define concepts, target markets and market potential, as well as financial clarity necessary to define your concept, identify your market potential, and identify capital requirements. Executive summary included.

Level III Enterprise Business Plan »

  • Prospectus’ Level III Enterprise Business Plan serves the need of those later stage and established companies seeking to raise additional capital to expand their businesses, often in the form of issuing debt securities such as bonds or convertible notes.
  • The Level III Enterprise Business Plan is our most comprehensive business plan and often our clients will need a prospectus or a private placement memorandum (offering memorandum) written as well.

Our firm has years of experience drafting securities documents and is confident we can assist with your Moscow Business Plan Writer.  Feel free to contact us anytime, or call us to setup an appointment at any one of our global offices.

Contact Us Today To Schedule Your Free Consultation

  • Prospectus Writing
  • IPO Stock Exchange Listing
  • Bonds Offerings
  • 144A Reg S Offerings
  • Hedge Funds and Mutual Funds
  • Offering Memorandum
  • Private Placement Memorandum
  • Offering Circular
  • Explanatory Memorandum
  • Information Memorandum
  • Fund Setup Formation
  • Securities Identifiers
  • Registration and Filing
  • Business Plans

Newsletter Sign Up

Get the latest updates sent to your email

For Unique Capital Growth Strategies

Questions? Fill out the  Contact form , or get in touch:

hair company business plan

ScrumDesk, Meaningful Agile Logo

MoSCoW prioritization of the product backlog

Moscow backlog prioritization.

Prioritization is probably the most discussed part of development processes. Product backlogs are often quite complex with hundreds of requirements. How to find user stories in your story map which you should start developing first?

Traditional approach

The approach of traditional processes is simple. You have high, medium, low priorities. Ok, for some organizations it is still not enough so they have priorities on the scale of 0 to 10.

But do such priorities help deliver the most important and most valuable thing at the same time?

In agile, we want to support the pull principle. We want to let our developers pull the next requirement, develop it, deliver it. Then continue to the next one. So, in Agile we need a line of requirements.  Agile processes and frameworks focus on the delivery of valuable stuff first. This is fine; however, there is a necessity to consider other perspectives as well.  There are two kinds of companies.

scrumdesk agile scrum companies type prioritization planning plan product owner

If you want to prioritize and be agile, you can’t be just one of the types. You have to be company following both of them and even more .

scrumdesk scrum product backlog prioritization owner moscow must should could won't

Customers’ perspective

In ScrumDesk we prefer to consider the customer’s perspective first. The idea is that a satisfied customer is a driver of further changes and success of the product itself . A satisfied customer is willing to improve the product not just by social marketing, by new ideas, but in our case even by the development of the product itself.

As the product owner, the first thing you have to understand is who your customer/user is. You need to understand and describe her space, her context, her jobs, the pains or gains she is looking for.

The best part is just coming. Based on a more than 10 years old survey done by Scot Ambler, 45% of functionalities are NEVER, NOT ONCE, used. Only 7% are used always. Plus 13% very often.

So, why develop something that customers will not use? You just spent the life of your colleagues! Common! The answer is NO! Now MoSCoW prioritization comes to help.

scrumdesk product backlog prioritization moscow must should could won't

Based on that you should be able to decide if a feature is:

  • Must – a heart is a “must”. Without it, there is no live organism. What is a must in your application?
  • Should – a hand is “should”. Without it is hard. But you can survive even without a hand. Well, in most cases.
  • Could – hair is “could”. It is fine to have them, you even look nicer, but you will definitely survive without them
  • Won’t – unnecessary waste. Btw, is there anything “won’t” in a body?

How to estimate MoSCoW values in 7 steps?

  • As a Product Owner, try to be in the skin of your customer. There might be multiple types of them, so choose one, or some group of them.
  • If you were him, will the feature be a must, should, could, or won’t?
  • Forget about the time of development, forget about effort. It is just about customer and feature.
  • What if this feature was not a must, but should? Would the customer realize that?
  • What if the feature was could and not should? Would the customer realize that?
  • Try to make it less “must”. Remember 7% features used always.
  • Compare requirements to each other. Repeat a couple of times.

Let’s say your backlog looks like this:

scrumdesk scrum product backlog user story map prioritization owner agile

After MoSCoW prioritization you should have a line of requirements ordered by MUST, SHOULD, COULD values. This might be done in ScrumDesk PLAN view

scrumdesk scrum product backlog user story map prioritization owner agile release plan

How to manage MoSCoW in ScrumDesk ?

To set the value to backlog item you need just click it (in any view, either STORY MAP , BACKLOG , PLAN or WORK ) to access details in the side view. Prioritization fields are displayed below the title of the backlog item. The first one is MoSCoW.

scrumdesk scrum product backlog user story map prioritization owner agile moscow must should could won't

Value can be visible on cards in STORY MAP.

scrumdesk scrum product backlog user story map prioritization owner agile Moscow on story index card

Once the value is entered, you can filter and group items based on it all ScrumDesk  views, i.e. in the product backlog.

scrumdesk scrum product backlog user story map prioritization owner agile MoSCoW

However, you are not done with prioritization in this step. What about business value? More to follow…

< Print physical cards  | Content | Agile prioritization based on Business value >

web analytics

IMAGES

  1. Hair and Beauty Salon Sample Business Plan

    hair company business plan

  2. Hair Extension Business Plan Template in Google Docs, Word, Apple Pages

    hair company business plan

  3. Hair Salon Business Plan

    hair company business plan

  4. Hair Salon Business Plan Template Sample Pages

    hair company business plan

  5. Hair Salon Business Plans Lovely Best 25 Hair Salon Business Plan Ideas

    hair company business plan

  6. Hair Salon Business Plan Template Sample Pages

    hair company business plan

VIDEO

  1. HAIR Company Prague

  2. Hair Business Ideas For WOMEN (+ you don’t have to do or sell hair 🤫)

  3. एका आठवड्याचे पेमेंट 68,000 rs...wow... WERMORE COMPANY business plan एक नंबर

  4. Trucking Company Business Plan

  5. Daily Hair Business Tips #shorts by Wealthy Hair

  6. small business #hairgrowthoil

COMMENTS

  1. Free Hair and Beauty Salon Sample Business Plan PDF

    1. Executive Summary The executive summary provides a high-level overview of your business plan. It should outline the objectives of your hair and beauty salon, such as to offer high-quality services, to expand the client base, or to break into a new market.

  2. Hair Extensions Business Plan Template + How-To Guide [Updated 2024]

    Your hair extension business plan is a living document that should be updated annually as your company grows and changes. Sources of Funding for Hair Extension Companies With regards to funding, the main sources of funding for a hair extension company are personal savings, credit cards, bank loans and angel investors.

  3. Hair Extension Business Plan: Blueprint for Success

    1. Clarify Directions The primary purpose of a business plan is to explain what the business is or what it intends to achieve in the future. Clarifying the purpose of your business allows you to understand the direction of the forward movement.

  4. Hair Extensions Business Plan Template (2024)

    Hairapy Extensions is currently seeking $280,000 to launch. The funding will be dedicated to the store design and buildout, working capital, overhead, supplies, and marketing costs. The breakout of the funding is below: The following graph below outlines the pro forma financial projections for Hairapy Extensions.

  5. How to Write a Hair Salon Business Plan: Complete Guide

    Why do you need a business plan for your hair salon? The purpose of a business plan is to secure funding through one of the following channels: Obtain bank financing or secure a loan from other lenders (such as a SBA loan) Obtain private investments from investment funds, angel investors, etc. Obtain a public or a private grant

  6. Hair Extension Business Plan Template & Guidebook

    How to Write a Hair Extension Business Plan in 7 Steps: 1. Describe the Purpose of Your Hair Extension Business. The first step to writing your business plan is to describe the purpose of your hair extension business. This includes describing why you are starting this type of business, and what problems it will solve for customers.

  7. Hair Extension Business Plan [Free Template

    Download Template. Create a Business Plan. High demand, low startup costs, and a recurring revenue model make starting a hair extension business a lucrative and rewarding profession. Anyone can start a new business, but you need a detailed business plan when it comes to raising funding, applying for loans, and scaling it like a pro!

  8. Hair Salon Business Plan: Guide & Template (2024)

    Start planning now Plans starting from $7/month Things to Consider Before Writing a Hair Salon Business Plan Find your USP A hair salon gives several services including cutting, coloring, styling, and hair care. Apart from that, your customer service, prices, and a lot of other things make your services a package deal for your customers.

  9. How to write a business plan for a hair extension company?

    Information needed to create a business plan for a hair extension company. Drafting a hair extension company business plan requires research so that you can project sales, investments and cost accurately in your financial forecast, and convince the reader that there is a viable commercial opportunity to be seized.

  10. Hair Salon Business Plan Template & Guide [Updated 2024]

    What Is a Hair Salon Business Plan? A business plan provides a snapshot of your salon as it stands today, and lays out your growth plan for the next five years. It explains your business' goals and your strategy for reaching them. It also includes market research to support your plans.

  11. Hair Salon Business Plan Template, Example, and Software

    A hair salon business plan is a written document that sets out the commercial, operational and financial objectives of the company over the next 3 to 5 years. It consists of two main parts: A written part that presents, in detail, your jewellery business, the team, your strategy, and your medium-term objectives.

  12. How To Write the Perfect Salon Business Plan in 7 Simple Steps

    1. Write a mission and vision statement i) Mission Statement It articulates the immediate purpose of your salon business. Under this, you can state all the short-term goals that you plan on achieving with your salon within 6 months, stretching up to a year. Here's how you can nail a perfect mission statement

  13. How to Start a Profitable Hair Business [11 Steps]

    1. Perform market analysis. 2. Draft a hair business plan. 3. Develop a hair brand. 4. Formalize your business registration. 5. Acquire necessary licenses and permits for hair. 6. Open a business bank account and secure funding as needed. 7. Set pricing for hair services. 8. Acquire hair equipment and supplies. 9.

  14. Hair Salon Business Plan Sample [Update 2024]

    If you plan to start your own hair salon business, you need a business plan hair salon. The first and crucial thing is to get an idea of how the business work and what do you need to start it. You need to set up a hair salon business consultants that provides all services, and high customer satisfaction by providing excellent services.

  15. Hair Extension Production Business Plan [Sample Template]

    Cost of hiring business consultants - $5,000. Cost of processing hair extension machines - $20,000. Cost of store equipment and hardware (racks, shelves) - $5,000. Cost of leasing a facility for at least a year - $50,000. Cost of purchasing hair extension distribution vehicle - $30,000.

  16. Sample Hair Related Venture Business Plan

    Now you are taking the first practical step. You could budget probably between 60, 000 to 100, 000 naira for getting a beauty shop depending on the location. Then go on to invest possibly a capital of between ₦400,000 to ₦600,000 in the business.

  17. Hair Salon Business Plan Company Overview

    Hair Salon Company Analysis. In your company analysis, you will detail the type of hair salon you are operating. For example, you might operate one of the following types: Hair salon focusing strictly on hair cuts and hair styling. Hair salon offering other salon services (nails, skin) Hair salon offering products. Combination of the above types.

  18. Natural Hair Care Business Plan Template (2024)

    Three months of overhead expenses (payroll, rent, utilities): $150,000. Marketing costs: $10,000. Working capital: $10,000. Easily complete your Natural Hair Care business plan! Download the Natural Hair Care business plan template (including a customizable financial model) to your computer here <-.

  19. PDF Business Planning and Modeling

    Strategic Business Plan for evaluating a strategy: • aid for making internal decisions for the whole company (strategic guidelines at the national level, all markets) Tactical Business Plans for specific projects : • aid for making internal decisions for a particular area, or a market segment: IN, mobiles, IP Short term Business Plans for ...

  20. Business Plan Writer Moscow

    Business Plan Writer Moscow. A well written business plan is an essential component for any company seeking to raise capital. Our team at Prospectus.com has over 20 years of experience writing business plans and structuring business models for start-ups, later stage and expansion companies, those seeking venture or angel financing all the way to mezzanine and 144A funding, spanning a wide ...

  21. MoSCoW prioritization of the product backlog

    To set the value to backlog item you need just click it (in any view, either STORY MAP, BACKLOG, PLAN or WORK) to access details in the side view. Prioritization fields are displayed below the title of the backlog item. The first one is MoSCoW. Value can be visible on cards in STORY MAP. Once the value is entered, you can filter and group items ...

  22. Regis Salon Reviews, Ratings

    28 customer reviews of Regis Salon. One of the best Hair Salons, Beauty business at 1952 W Pullman Rd, Moscow ID, 83843 United States. Find Reviews, Ratings, Directions, Business Hours, Contact Information and book online appointment.