Every serious entrepreneur starting off their own business do so with the intention of not only making profit and competing fairly against its competitors but also remaining in business for as long as possible. The key areas where we will therefore spend our start-up capital on are; From the above analytical breakdown, it is obvious that we would require the sum of $213,000 in order to successfully startup and run a makeup business here in Bay Island – California. The marketing consultant will help us develop our marketing strategies so that we will be able to attain our goal of not only penetrating the market but getting a huge chunk of the target market to patronize our brand and services. Makeup artists who however worked in mortuaries earned 22% higher salaries than their counterparts in other industries. Lastly, our employees are also our internal customers and are treated right because this would make them remain motivated and dedicated to the company. Commitment of the ovners – they believe that the key to successful business is meeting customers requirements and starting the best service from themselves Customer Satisfaction! The loan is to be repaid in 7 years at the rate of 3%. Create a list of services that you will offer, and it better is to identify the pricing at the same time. Because of how serious this aspect of business is, we have hired a marketing consultant who is not only reputable but who has vast experience regarding our type of business in order to help us conduct thorough market research that would allow us penetrate the market. We ensure that our employees are well paid and that they have other benefits that make them better than their counterparts in similar industry such as ours all over the United States of America. As at 2012, we had about 3,000 makeup artists, and most were employed by the motion pictures and television broadcasting industries. Make sure that whatever you are offering is creating value for your customers. Here's is How to Write a Business Plan BUSINESS DESCRIPTION. Conducts market research to determine new target markets on behalf of the company, Drafts and implements effective marketing strategies on behalf of the company, Conducts one on one marketing and sales on behalf of the company, Attends to all enquiries, bookings, complaints and feedbacks from clients, Should be updated on industry trends and organizational policies so as to offer clients  accurate information, Keeps an accurate and updated customer database on behalf of the company, Ensures that all the products are intact and accounted for, Ensures that the store remains well ventilated and secured at all times, Ensures that light repairs and maintenance are carried out as at when due, Ensures that the premise is kept clean at all times, Ensures that cleaning supplies are always in stock, Carries out any other duties as might be determined by the administrative manager, Helps deliver and supply products to the studio, Carries out light maintenance on the vehicle when and where necessary, Carries out any instruction by the human resources manager, And every other uncategorized target market. Think of a competitive advantage that you have and highlight it! It's fast and easy, with LivePlan. Thanks for reading and good luck, aspiring MUAs! We also do not have all the staff or the finances necessary to deliver all the services we hope to deliver. }; Where do you see your business for 1 year, 2 years, 3+ years from now? CEN/TC 392. Here in this section, you will list all the costs that you will incur on your, setting up a small scale makeup artist business, Your Business Plan Guide to Open a Laundry & Dry Cleaning Business, Easy and Effective Tips for Creating a Business Plan, How to Write a Business Plan Executive Summary, 5 Things to Consider Before Writing Business Plan, 5 Complete Steps to Start & Run a Profitable Procurement Company, How to Start & Run a Profitable Online Dropshipping Store, Planning to Start a Security Guard Company? However, most of those who are employed are also self-employed, as their jobs usually last for a short period of time. For any budding business, you never want to jump right in without knowing who you’re selling to. This way we would conveniently grow and sustain our business effectively. Find more details about me and connect with me through My Linkedin Profile. Cosmetics Manufacturing Business Plan. 5 Tips To Consider When Applying For Loans Online, Ways on How Recruitment Marketing Benefits Your B2B Strategy, 6 Legal Ways to Download Music From YouTube, 29 Small Businesses Ideas for Memphis, Tennessee in 2021, 29 Small Businesses to Open Now in Detroit in 2021. Takes key decisions and actions that would affect the overall growth and sustainability of the business, Ensures that organizational policies are effectively implemented, Drafts the budget and ensures that it achieves full implementation, Meets with valuable clients on behalf of the company, In charge of ensuring that all the administrative functions of the business run smoothly, Recruits competent employees on behalf of the studio, Ensures that employees receive great welfare packages and also undergo trainings as at when necessary, In charge of certain projects undertaken by the studio, Ensures that the brand makeup produced by the studio is standard industry-wise, In charge of all makeup artists in the studio, Creates and sources for profitable niches on behalf of the company, Is updated on industry trends so as to meet and exceed the expectations of clients, Ensures that make-ups gotten are of high standard, Liaises with brands and ensures that the company gets the best deals, In charge of preparing account and financial statements on behalf of the firm, Ensures that tax documents are accurately prepared and sent to the right authorities. I have worked with multiple offshore establishments from US, UK, Canada and Australia in developing massive content, business plans and creating marketing materials for small businesses in various industries. So, you’ll have to organize your staff information beforehand and write it down in the report. The brand consultant who has a vast knowledge of how to promote businesses such as ours will help develop publicity strategies that will deliberately project our brand and ensure that our target market are easily able to differentiate our brand from that of our competitors. Bplans is owned and operated by Palo Alto Software, Inc., as a free resource to … In view of this, we have conducted a market research in order to fully understand the market we intend entering and what we should expect from our target market, while also having an idea of what they would be expecting from us. The publicity and advertising strategies will also help to effectively communicate our brand to our intended audience. Shae’s Touch Studio just like any other business has been established with the sole intention of making profit that will be used in growing and sustaining the business here in Bay Island – California and also all over the United States of America and even beyond our country’s borders. In achieving our vision, we intend to hire creative makeup artists who are also instinctive and understand what it is our clients want, and ensure that they get what it is they want. We intend to take great care of our staff pay them better than their counterparts in similar start-ups such as ours. The business consultant looked through using a popular analysis that allows businesses know how likely they are to survive in the business they are going into and how favorably they would compete against competitors in the same industry. This sample Cosmetics Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Other parts vital to your business plan include your range of makeup services, how you intend to market your business, or increase sales. Below are some of the services we intend to offer and the products we intend to sell; Having a solid business structure is very important to our business and we take it very seriously because we know that this would allow us start and run our business with as few hitches as possible. Step one is done, the objective is in mind, but in order for it to succeed, there must be a plan; a detailed Hair and Beauty Salon Business Plan which will show that the idea is going to succeed.. Do you remember the 5 w's in a the " Laundry Business Plan " article? Business plan is the best start for implementing a business in real life, such as a business plan … Experts always suggest putting your goals on paper before you actually start a business so you can keep track of your efforts and returns. document.getElementById('follow_fb_likebox').src = "//www.facebook.com/plugins/likebox.php?href=https%3A%2F%2Fwww.facebook.com%2Fstartupguys.net&width&height=258&colorscheme=light&show_faces=true&header=false&stream=false&show_border=false"; However, BB Cream is a highly potential market that the company has not exploited. The assumptions used were that we would not experience any major economic meltdown that will allow less patronage from our customers and that there won’t be an arrival of any major competitor in the same location we are offering our business. While women might chiefly look like our target market, but we cannot restrict our target market to just this group. Application and Obtaining Tax Payer’s ID: Application for business license and permit: Drafting of Contract Documents and other relevant Legal Documents: Graphic Designs and Printing of Marketing/Promotional Materials: Creating Official Website for the Company: Creating Awareness for the business both online and around the community: Health and Safety and Fire Safety Arrangement (License): Establishing business relationship with vendors – wholesale suppliers/merchants. This section will include details on how you plan to market your business and the resources you will need to do so. entrepreneurs because opening a business is quite risky and usually they are not ready to take all the risks or set up a vivid and practical business plan. Most of the time the answer is no. To become a professional makeup artist, training in a school of cosmetology is required and this can last between several months and a year. Our strengths lie in the fact that we are offering several makeup services at the same time to our various customers, allowing us to meet the diverse needs of our customers. We have discount programs in place for our loyal customers and several other incentives that will ensure that we grab a huge share of the market. The business plan above is a business plan sample for the cosmetics company, a Perfection cosmetics company. Sales & Marketing Strategies and Planning, This section will include details on how you plan to market your business and the resources you will need to do so. window.onload = (event) => { Experts always suggest putting your goals on paper before you actually start a business so you can keep track of your efforts and returns. Finally, we know how important having a solid business structure is and how it would allow us have as less hitches as possible when we start off our business and to this effect, we have sourced for qualified and competent hands to handle the various tasks that we would assign them. What are the long term goals of the business? Our staff are the best in the field. To this effect, we therefore are in business, from our findings to offer our services to the following group of people; We understand the power of makeup and our intention is therefore to build a business that is not only a national brand but an international brand as well. Finally, technology has come to play a huge role in the makeup industry as makeup artists can try out makeup shades on faces in the computer and know which look might likely fit their client before meeting the client. Executive Summary. document.getElementById('follow_twitter_widget').src = "//platform.twitter.com/widgets/follow_button.html?screen_name=startupguysnet"; You can also include a sub-section for projected earnings. Also, an economic downturn is likely to be a threat to our businesses because this would mean more people trying to apply makeup themselves than approaching a professional to help them out. Here’s What to Do. However, due to the fact that we are going to be offering varied services more than a regular make-up business, we intend to hire more staff than conventional to be able to handle the various positions and tasks that is likely to crop up during the course of running our business. I've worked on global as well as location based projects focusing on markets like Pakistan, India, United Arab Emirates & Singapore. Great! We have the best welfare packages for our employees better than what their counterparts are getting in similar startups such as ours. Use social media platforms such as Instagram, Snapchat, Facebook and Twitter to promote our business, Use Youtube to showcase our training sessions so as to attract more customers, Attend several conventions and participate in several seminars in order to promote our brand, Throw contests online in order to promote our brand, Ensure that our staff members wear our company’s customized tee-shirts either in the store or during field work, Distribute our handbills and fliers in strategic locations, Total fee for registering the business in the United States of America –, Fees for obtaining licenses and permits, accounting software and specialized certifications –, Marketing and promotion expenses for the grand opening of the makeup studio as well as general marketing expenses –, Insurance coverage (general liability and Workers Compensation) –, Operational expenses for the first 4 months (salaries of employees and payment of utility bills) –, Cost of leasing a facility for at least 1 year and carrying out renovations –, Cost of start-up inventory (professional makeup kits) –, Cost of store equipment (cash register, racks, security and signage) –, Other start-up expenses including stationery and furniture –, Generate part of the start-up capital from personal savings. 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