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? This is a sure way of ensuring that the business is adequately sustained. According to the united states Bureau of Labor Statistics, employment of makeup artists will grow slowly through 2022, when compared to other occupations. Each free business plan template is available in Microsoft Word (DOC) format, and many of the Business Plan Forms are available in Excel (XLS) format as well. He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. A Sample Makeup Line Production Business Plan Template, Writing a Skin Care Products Business Plan [Sample Template], A Sample Cosmetology School Business Plan Template, How to Write a Cosmetic Line Business Plan [Sample Template], A Sample Hair Extension Production Business Plan Template, How to Write a Soap Making Business Plan [Sample Template], Writing a Cosmetics Store Business Plan [Sample Template], Writing a Beauty Supply Store Business Plan [Sample Template], How to Write a Tattoo Shop Business Plan [Sample Template], How to Write a Barber Shop Business Plan [Sample Template], 14. If your goal is to improve your grades and gain new writing skills, this is the perfect place to reach it. Should any of the assumptions change, it would have an effect on the figures posted which could either result into an increase or decrease. Our management staff also understands our corporate foundation and culture and will do all it can to ensure that this culture is understood and implemented by the lower end staff. 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. The business plan above is a business plan sample for the cosmetics company, a Perfection cosmetics company. I am talking about going from zero to a multi million dollar in sales. document.getElementById('follow_twitter_widget').src = "//platform.twitter.com/widgets/follow_button.html?screen_name=startupguysnet"; We intend to take great care of our staff pay them better than their counterparts in similar start-ups such as ours. This way we would conveniently grow and sustain our business effectively. Our plans are to run a standard makeup studio and so we intend to get it right from the beginning so that things can flow seamlessly, and that is why we are looking to employ only the best to work with us in our makeup studio. This experience is highly necessary as it means that all the management staff understands how to help make our brand the best not only nationally but also internationally. Shae’s Touch Studios intends to deliver to its customers various services and products from its primary location here in Bay Island – California. You can’t have a successful business without some form of marketing. So, you’ll have to organize your staff information beforehand and write it down in the report. After critically examining this industry and our chances of making it, using several data and assumptions from similar start-ups such as ours; we were able to come up with the following sales forecast. Our other staff are also competent, dedicated and understand that we do not only want to be a national brand but an international one as well, and are working hard to ensure that we achieve this. Here’s an idea of how to do this: Make a list of people who will likely be a part of your business in one way or another. I've worked on global as well as location based projects focusing on markets like Pakistan, India, United Arab Emirates & Singapore. She got the sum of $13,000 from friends and has the sum of $150,000 approved by the bank after several documents were signed to that effect. Our customers are very important to us and so we intend to leave them fully satisfied with our services. Below therefore are the likely projections that we have determined for Shae’s Touch Studios based on several facts and data that were made available to us; N.B: It should be noted that the projections done by us were based on what is obtainable in the industry as at the time the data and assumptions were gathered from similar businesses such as ours. 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. Our promotional strategies are top notch as we already have a popular channel on YouTube where we give tips and advice to our audience. We also do not have all the staff or the finances necessary to deliver all the services we hope to deliver. 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. dominated the mass makeup market in the categories of Eye and Lip. 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. Strengths and weaknesses of your competitors in comparison to your services. So what next? COSMETICS. This is intended to attract more customers to our business during these months. Below therefore is the business structure that we intend to build at Shae’s Touch Studios; Due to our intention of ensuring that we run a standard makeup business, we have engaged the finest business consultants here in Bay Island – California to help look through our business concept and determine how likely we are to succeed in the business we intend starting. In fact, below is a sample makeup artist business plan template. Other parts vital to your business plan include your range of makeup services, how you intend to market your business, or increase sales. 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. Lots of opportunities exist in Los Angeles, New York, Chicago and Miami. Market our brand online via our social media platforms (Facebook, Twitter, Instagram and Snapchat) as well as on our website and other related blogs. Because of the standard that we have set for ourselves, we are willing to ensure that we employ competent and hardworking staff who understand our business specifically and the industry at large so as to take our business from where we are to where we ought to be. We have great welfare packages for our employees leading them to remain motivated to our brand and also ensuring that our customers retain loyalty to our brand through the attitude of our staff. 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. This would require any makeup artist intending to start in the California area to network and partner with some fashion designers so as to get the needed clients. We also give out trainings to our international clients. We have sourced for competent and qualified staff who understand the business thoroughly and will do all they can to ensure that we get to the top. In this lesson, I am giving you the strategy I gave to one of my clients who has her own perfume line. 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. Are you about starting a makeup artist studio? Below are the platforms we intend leveraging on in order to promote and advertise Shae’s Touch Studios; Setting the right rates for our products and services is very important because not only do we want to be affordable to our target market but we also intend to boost our bottom line sufficiently to enable us sustain and grow our business. However, make sure to focus on: With the above guidelines, you can develop an effective and presentable business plan for your makeup artistry business. }; Where do you see your business for 1 year, 2 years, 3+ years from now? While writing a business plan might seem difficult and intimidating for a creative individual, there are two options available to you. Also, the funds that are needed to start and run this company will be gotten from personal savings as well as from the bank. A Sample Makeup Artist Business Plan Template For instance, whether you will be needing a website or not, who will develop the website, who will develop the materials and contents for brochures and business cards (Do not forget to check out our guidelines and, 5. As at 2012, we had about 3,000 makeup artists, and most were employed by the motion pictures and television broadcasting industries. If you are selling a unique service, make sure you are delivering the price’s value. It makes sense to be first because no one is going to read further if they don’t immediately get a concept of your idea. You can hire a business plan writer to write one for you for a fee, but If however you are running on a tight budget, there are free business plan templates online that you can use in writing a comprehensive business plan for yourself. Next for each section read the guide below and come up with your answers and information. If you offer services that have many competitors, go for competitive pricing through packages and promotional offers. COSMETICS BUSINESS PLAN IN NIGERIA. 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. Therefore the bulk of our capital will be used to pay the salaries of our employees, pay utility bills and also to lease a facilityl. Our vision is to ensure that we not only meet but exceed the expectations of our clients no matter what those expectations are. List attributes of your potential customers. Open it in Word or Excel (or another program that can display the DOC or XLS format), edit it, and print your personalized business plan. This sample Cosmetics Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Shae’s Touch Studios will go all out to ensure that our business structure is solid. Make sure that whatever you are offering is creating value for your customers. Bplans is owned and operated by Palo Alto Software, Inc., as a free resource to ⦠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? In view of this, our strengths, weaknesses, opportunities and threats we were likely to be exposed to while starting our business here in Bay Island – California as well as all over the United States of America, were judged. Also, due to the different seasons, makeup artists have to learn appropriate make-ups for each season as well as occasion. If you offer services that have many competitors, go for competitive pricing through packages and promotional offers. We therefore intend to generate income by offering the following services and selling the following products; Everyone makes up, but the usage might defer depending on the preference of the individual and the occasion; this therefore means that there will always be demand for either makeup products or makeup application services. The publicity and advertising strategies will also help to effectively communicate our brand to our intended audience. Shae’s Touch Studios is a business owned and run 100% by Ms. Shae Lannister, a professional make-up artist. We intend to not only concentrate on our core offering; this means that we would be offering other services that are intended to boost our income and make us have a healthy bottom line in which to sustain our business. Example Business Plan for Artists (pdf) Example Business Plan for Artists (Word doc) The first thing I ask every artist when we start working together is if they have a business plan. She therefore understands what paths we need to follow to help us get to the top and achieve all our corporate goals and objectives. The 5th section of the makeup artist business plan is to detail your staff in the report. Our motto is to not only know what our clients want and meet these needs but to positively exceed their expectations. Makeup artists prepare actors for performances and also create special makeup effects. This article will identify the business plan’s sample contents and guidelines for developing those contents under proper sections. While generating capital and choosing a suitable location for our makeup business is highly important, marketing is also very important as well because if we do not thoroughly market our business, we would not only fail to attract customers to patronize our services but we would also not generate revenue to grow and sustain our business. CEN/TC 392. In this tutorial, I will give you a strategy to make big money with your beauty and cosmetic products. Not Ready for A Full Right Brain Business Plan? Here in this section, you will list all the costs that you will incur on your makeup artistry business along with projections based on when and how you are going to spend the amounts. We would be offering different services in order to cater to our diverse clients so as to boost our earnings and increase our bottom line. The market analysis starts with identifying your customers’ demographics, economics overview, industry outlook, and interests and demands. We also intend to become a national and international brand by the year 2019. Date: 2016-03-14. We intend to offer makeup services and trainings to our clients, as well as other services in our line of business. Every business that is a start-up requires capital in order to run the business and acquire the standard it intends for its business. Great! Include the Financial Plan and Projections, As you have already done the costing in previous stages, this is the time to put all the financial elements in one place in proper order. In the case of setting up a small scale makeup artist business, writing your goals simply with an estimated deadline for each will suffice. Even though our core source of income is making up our clients, we intend to consult for our clients and also train them as well. Our plan is to position our cosmetics, beauty and fragrance store business to become the leading brand in the whole of Carson City â Nevada, and also to be amongst the top 2 cosmetics, beauty and fragrance store brand in the whole of Nevada within the first 5 years of starting our business. Our vision is not only to meet the expectations of our clients and exceed it but also to become a national and international brand by the year 2019. 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. CEN/TC 392 Business Plan. This sample Make Up School and Beauty Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. We have affordable prices and work very fast. There are several threats that we face as a growing company such as an arrival of a major competitor to the same location we are operating from leading to a reduction in the number of customers we are likely to have. We also offer several other incentives to our employees as this is an effective way of ensuring that they remain motivated and dedicated to helping us achieve our goals and objectives. So, it’s natural that any potential investors reading your plan will want to know this information and analyze whether it makes sense. Hair and Beauty Salon: Business Summary. I am an enthusiast marketer and love content writing. It helps to know your demographics and demonstrate a plan of attack based on who your audience is. 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. Firstly download the template! Commitment of the ovners â they believe that the key to successful business is meeting customers requirements and starting the best service from themselves Customer Satisfaction! It is our goal as professional makeup artists to strive for a standard of excellence that is far beyond average. This means that the rates we would set for our services will be one that will take a whole lot of factors into consideration such as location, our overhead and running expenses, as well as what our competitors are offering. This has led to a high level of satisfaction for both parties. This has led her to restrict the sourcing of her capital to three major sources. Just choose a business plan template and download it. Below are the sources where Ms. Shae intends to source her start-up capital from; N.B: Ms. Shae has been able to gather the sum of $50,000 from her personal savings. Create a list of services that you will offer, and it better is to identify the pricing at the same time. According to Makeup artists and hairstylists guild, as at 2014, makeup artists averagely earned $44,310, with most paid hourly. You want to emphasize that you are a competent, reliable business owner in your plan. setTimeout(function(){ While women might chiefly look like our target market, but we cannot restrict our target market to just this group. In summary, below are the sales and marketing strategies that would be adopted by Shae’s Touch Studios; Having the right publicity is very paramount to our kind of business and this involves exploring all the means necessary via conventional and unconventional methods. Here’s how to go about it: To keep it simple, focus on the following: If you find a way to conduct the appropriate research and detail the former in your plan, you’ll show a high-level understanding of your market and how you can make money within it. Be free to use the essay samples we have Makeup Studio Business Plan Pdf to find the necessary inspiration and borrow the techniques of our experts. You can hire a business plan writer to write one for you for a fee, but If however you are running on a tight budget, there are free business plan templates online that you can use in writing a comprehensive business plan for yourself. To however achieve this, we have several competitive strategies in mind. Also, the bulk of the capital will go into paying salaries of our employees and utility bills for at least 4 months. California is a dream place for any makeup artist as not only are there more glamorous individuals here, there are also more celebrities, which means that we are optimistic of meeting our set target within eight months of starting and growing our business, due to the strategic location which we selected. Makeup artists who however worked in mortuaries earned 22% higher salaries than their counterparts in other industries. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Also, the staff we employ must be dedicated and ensure that they communicate our brand positively at all times. We are seeking recurring investment to fund the growth of the brand. window.onload = (event) => { Also, the growing economy means more people will be willing to patronize our services or buy products from us. Think of a, 4. StartupGuys.net » Startup Formation » Business Plans » Makeup Artist Business Plan Sample & Writing Guidelines. We have built a solid business structure because we intend to start with as few hitches as possible. Cosmetics Manufacturing Business Plan. Now remove the hint from the template and put in your own details. Either way, a makeup artist in order to create a sustainable flow of income will need to be in as much niches as possible. That’s what the readers will want to see! Asides this, makeup artists also work in the fashion industry. Make Up School and Beauty Business Plan in Nigeria. To this effect, we intend to take strict measures by re-investing a percentage of our earnings back into the business. Create a list of services that you will offer, and it better is to identify the pricing at the same time. How Profitable Are Online Marketplaces in 2020? Our staff are the best in the field. The second element of the business plan will be a summary of your services. Here’s What to Do. This section will include details on how you plan to market your business and the resources you will need to do so. Cosmetics Business Plan in Nigeria. 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 are a relatively new business and as such we have not yet gained much depth into the market as we would have liked. Makeup is used for a variety of purposes from weddings, occasions to movies and so much more, and so there are many opportunities available for us in this industry as more target markets that would require our services are yet to be tapped into by us. Customers are the reason a business exists and generates revenue especially a service oriented business, and so we know how valuable our customers are and what to do to ensure that we retain at least 80% of those who patronize our services. Experts always suggest putting your goals on paper before you actually start a business so you can keep track of your efforts and returns. 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