Nails salon - essays PDF

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Nails it is a business that concern about service for healthy and beauty of nailsincluding spa for manicure and pedicure, treatment, acrylic nail and nail art painting. We proud to present new business that located in front of Mae Fah Luang University, Chiang RaiProvince. We choose to build nail salon because we want to do the business that associatedwith beauty and healthy. Nail salon is the business that very interesting and can growth in thefuture. Our objective is to create new business into market needs at the in front of Mae FahLuang University. We choose to locate there because there is less competitors arounduniversity and there are a lot of customers from university.

Nail spa is service of nail health care and beauty. It has many kinds such as hand andfoot care, spa, treatment, nail extension and design, etc. nowadays in Thailand the number ofnail spa business increase because of people have more interested in health care and beauty ofnail the examples of nail spa in Chiang Rai that has influence to nail it.

For production and operation analysis, our business has two main products. Thereare product about beauty of nail including nails art painting and acrylic nails and productabout healthy of nails including manicure and pedicure spa & treatment.

For marketing analysis, we analyze for political, economy, social, environment, andtechnology. And we analyze more about competitor, customer, and competitive. We thinkabout STP analysis, 4P analysis. We set product, price, place, and promotion. Sales forecastand profit estimation are increasing every year. Then, we know that we will get more profitand our sales so good.For risk analysis is the ways to prepare handle with problem that will be happen andfind to process to decrease problem. From analyze risk in our company; there are shows bothinternal factor and external factor of risk that can happen with company.

Why Start a Nail Salon? The art of looking good is one activity nearly all women love to engage in. This is because of the fact that they do not like to be seen as shabby looking. This is one of the reasons why some women do not mind to go to any length to look and feel good.

One of the ways through which women try to look their best is by keeping their nails neat and attractive. They see to it that they have the right manicure and pedicure, as well as have the best of nail colors to look good. This is also one of the reasons why several businesses surrounding the nails have come to stay.

Setting up as nail studio is one of the best things that could possibly happen to a budding entrepreneur, and this is because of the good returns on investment that is being encountered there. If you think that starting a nail studio is what you want to do, then care must be taken to do the adequate and needful research that will help you operate and launch out at the optimum.

Industry Overview A nails salon or nails bar as some people like to call it, is a specialty beauty salon trade that primarily offers nail care services such as manicures, pedicures, and nail enhancements. It is also needed to know that in most cases, nail salons also offer skin care services. There are around 200,000 nail salons in the United States of America. Those who are employed to offer the services of the nails are known as the technicians or manicurists.

Nail salons offer a variation of options for nail care. This includes acrylics, silk or fiberglass wraps, French manicures, polish, pedicures, etc. Some nail salons do not just stop at offering nail services, they also offer other beauty services like; facial treatments, waxing, and skin care.

Also, there are recognized qualifications that are required to be gotten, in order to be able to be granted licenses to the salons. Research has shown that almost 40% of nail salon technicians in the US are Vietnamese women, and these women can be found mostly in California. These immigrants decided to start nail salon businesses in America after the Vietnam War.

The training required for nail salon work is small and inexpensive; the work does not require high level of qualification so far as you are able to communicate with your clients without difficulty. In the same vein, the amount of capital is not much compared with if you had to open some other businesses that needed a huge capital base.

Executive Summary

Fingers and Toes nail Studio is a classy nail salon that will be opened in New York City, America. We have chosen New York because we think that it would be an amazing opportunity to have the crème de la crème in the society and in showbiz visit our nail hub.

The business will be run as a standard nail salon coy, and we shall see it that all clients from old to young are given the very best of services. Our services will cover areas such as; manicure, pedicure, nail painting, nail fixing, nail trainings, as well as other added services that will also help boost our brand.

We are aware that businesses these days require diverse and sophisticated approaches. This is why we will be sure to be abreast with the creativity and trend which the trade is exposed to. We shall also be involved in the training of budding entrepreneurs who may want to venture into this industry. Even though starting a nail salon might look really pretty easy to start, we intend to bring in strict professionalism that will make up stand out.

Fingers and Toes nail studio is primarily focused to help its clients look their very best at all times. We would try as much as lies within our power to surpass the expectations of people. Our prices would also be very affordable; we do not want to scare our new clients away with our pricing. As a matter of fact, we plan to lower our pricing so that we can gain good grounds within our startup period.

We plan to hire the best hands in the city of New York to help us drive our biasness. This is one of the reasons why who do not mind to pay our employees well because we know that we are striving for a goal and that is the goal of gaining loads of clients. In addition, much more than just satisfying our clients, we also want to see new entrepreneurs empowered by us, as they emerge to start their own nail salon business.

We shall also be involved in the sponsoring of various programs that are hosted in the locality which we are located. Shows like fashion shows, hair exhibitions, entertainment shows, amongst many others. This is o that we are able to give a good account of ourselves as we launch out.

Our Product and Services We shall be known to offer strict professional nail services at all times. This is so that we do not deviate from our core. Here below are some of our business offerings;

Fixing of artificial nails Manicure

Pedicure Training of budding entrepreneurs Sale of nail accessories Sale of women accessories Our Mission and Vision Statement Our vision is to provide our teeming clients with the best of nail services, such that is hard to experience in New York. We strive to achieve this with our overly trained nail attendants and the ambience which our salon has to offer. Our mission is to provide professional and creative service to our clients- thereby meeting their beauty needs at all times. Our Business Structure

At Fingers and Toes, we know that having a solid structure will make us drive our nail business really smoothly. Therefore, we will build a firm business structure that can support the growth of our business. We will ensure that we hire competent hands to help us build the business of our dream.

Below is the business structure that we will build Fingers and Toes Nail Salon

Chief Executive Officer Salon Manager Accountant/Cashier Front desk officer Nail manicurist 1 Nail manicurist 2 Sales attendant Job Roles and Responsibilities Chief Executive Office

Responsible for providing direction for the nail salon. Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall salon strategy.

Responsible for building a strong customer care system. Responsible for fixing prices and signing business deals Responsible for signing checks and documents on behalf of the company Evaluates the success of the business. Reports to the board Salon Manager

Coordinates training programs for budding entrepreneurs. Handle all paper documents for the coy. Identifies training and development needs for the employees through job analysis, appraisals and consultation Designs job descriptions Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes Facilitates and coordinate strategic sessions. Works directly with the chief executive officer Accountant

Responsible for preparing financial reports, budgets, and financial statements for the organization Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions. Responsible for financial forecasting and risks analysis. Performs cash management, general ledger accounting, and financial reporting for one or more properties. Responsible for developing and managing financial systems and policies Responsible for administering payrolls Ensures compliance with taxation legislation Handles all financial transactions for the company Serves as internal auditor for the company

Front Desk Officer

Receives Visitors / clients on behalf of the organization Receives parcels / documents for the company Handles enquiries via e-mail and phone calls for the organization Distribute mails in the organization Handles any other duties as assigned my the line manager Nail Stylist 1 and 2

Sees to it that the client gets exactly what they wanted. Creates styles that are creative Gives clients a lifetime experience for patronizing SWOT Analysis Fingers and Toes nail salon has engaged the services of a core professional in the area of business consulting and beauty to assist the firm in building a solid consulting firm that can favorably compete in the highly competitive consulting industry.

Part of what our team of business consultant did was to work with the management of the firm in conducting a SWOT analysis for Fingers and Toes Nail salon. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Fingers and Toes nail salon.

Strength: Our core strength lies in the power of our team; our workforce. We have a team – made up of the Vietnamese women that can go all the way to give our clients value for their money. We are well positioned and we know we will attract loads of clients from the first day we open our doors for business.

Weakness: As a new nail salon in the area we have decided to operate from, it might take some time for our organization to break into the market; that is perhaps our major weakness.

Opportunities:

The opportunities in the nail salon industry can be said to be very promising despite the high level of competition that abounds. One of the opportunities is the fact that there are loads of people that engage the services of manicurists, and we will strive to be the leading ones.

Threat: Some of the threats that we are likely going to face as a nail salon operating in the United States are unfavorable government policies, the arrival of a competitor within our location of operations and new trends in trade that often affect patronage.. There is hardly anything we could do as regards these threats other than to be optimistic that things will continue to work for our good.

MARKET ANALYSIS Market Trends Quite a number of distinct trends have emerged in recent times in the nail beauty industry which is why nail salons are positioning their organizations to attract all and sundry. As a matter of fact, this is one of the things that makes most nail studios to spruce up their creativity level so that they

In this type of business, one of the things that could possibly make one stand out from the competitive crowd is having a top notch customer service. If possible there is the need to place a follow up calls to all clients from time to time. Those who are known to engage in such exercises have come to know that they attract more and more clients as the days go by.

In addition, no matter how bad the economy may be, people still fund or rather still deem it very important to have their nails done. This simply means that there would be more money coming into the coffers of those who operate the business, even though the economy bites hard at the people.

Our Target Market The target market which we are all out to serve are primary the female folks. This is because of the fact that they are the ones who will leave no stone unturned in seeing that they look their best. Whilst some may do this to continue to be attractive to their partners, yet others cannot just do without looking good.

As such, our target market cuts across all sectors. Also our nail salon will have a variety of practice areas to help budding nail manicurists grow. Our target market cuts across women of different class and people from all walks of life, local and international organizations as well.

We are coming into the industry with a business concept that will enable us work with the highly placed people and celebrities in the country and at the same with the lowly placed people and smaller businesses. In other words, our target market is the whole of the United States of America and subsequently other parts of the world. Below is a list of the people and organizations that we have specifically designed our services for;

Females in the Banks, Insurance Companies and other related Financial Institutions Females in Businesses and Entrepreneurs Mothers Teenagers College students Our Competitive Advantage

A close study of the beauty and nail industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact it is becoming really tough to break even in this market because of the number of people who are in it.

However, we are also aware that this hasn’t deterred people from breaking even and smiling to the bank. This is one of the reasons why we have added other services that are beauty related; this is so that we do not miss out in any way.

Fingers and Toes nail salon may be a new entrant into the business beauty industry in the United States of America, but the management staffs and board members are considered gurus. They are people who are core professionals and licensed and highly qualified beauticians in the United States. These are part of what will count as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry meaning ;that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

SALES AND MARKETING STRATEGY We mindful of the fact that there is stiffer competition amongst nail salons in the United States of America; hence we have been able to hire some of the best business developer to handle our sales and marketing. Our sales and marketing team will be recruited based on their vast experience in the industry

and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization.

We will also ensure that our excellent job deliveries speak for us in the market place; we want to build a standard beauty business that will leverage on word of mouth advertisement from satisfied clients (both individuals and organizations).

Our goal is to grow our nail salon to become one of the top 20 salons in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the U.S but in the world stage as well.

Fingers and Toes nail salon is set to make use of the following marketing and sales strategies to attract clients;

Introduce our business by sending introductory letters alongside our brochure to organizations and key stake holders in New York and other parts of the U.S. Advertise our business in relevant business magazines, newspapers, TV stations, and radio station. List our business on yellow pages ads (local directories) Attend relevant international and local expos, seminars, and business fairs et al Create different packages for different category of clients. Leverage on the internet to promote our business Engage direct marketing approach Encourage word of mouth marketing from loyal and satisfied clients Sources of Income

It is the wish of every business to generate income at all times and our nail salon is one of such businesses. Fingers and Toes Nail Salon is established with the aim of maximizing profits in the beauty industry and we are going to go all the way to ensure that we do all it takes to attract clients on a regular basis and sign retainer – ship with most of our clients.

Hence, there are several ways through which we plan to make this money at all times. Fingers and Toes nail salon, will generate income by offering the following services;

Manicure Pedicure Fixing of acrylic nails Fixing of French nails Sale of other female accessories Training people of the art of nail care and fixing Home services in all the aspects listed above Sales Forecast There will always be a need to do some business and sales forecasting as a business. This is because of the drive4 it gives one to achieve it. In the same vein, Fingers and Toes nail salon has several sale projections that we will be all out to achieve. For as long as there are female folks in New York, we know that we will be able to reach our sales goals in no distant time.

We are well positioned to take on the available market in the U.S. and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base beyond New York City, New York to other states in the U.S. and even the global market.

We have been able to critically examine the beauty market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection are based on information gathered on the field and some assumptions that are peculiar to startups in New York.

Below is the sales projection for Fingers and Toes Nail Salon. It is based on the location of our nail salon and the wide range of other addendum services we will be offering;

First Year-: $80,000 Second Year-: $200,000 Third Year-: $500,000 N.B: This projection is done based on what is obtainable in the industry.

Our Pricing Strategy

One of the ways through which we know that we will be able to get more clients within a short period of time is when our pricing is on the moderate level. Being on the moderate level means that we are able to maximize profit in a ways that doesn’t put holes in the pocket of pour clients.

As such, we are looking at lowering our price a bit below that of our competitors, so that we can gain good grounds in the market and become a house hold name and a force to reckon with. This is very important because when our pricing becomes too high, the clients may have the options of switching over to our competitors and we do not want that to happen in any way.

So, we are poised to keep our fees below the average market...