The Makeover Beauty Salon Marketing Essay

Introduction

The Makeover Beauty Salon is a beauty salon that aims at rendering maximum customer satisfaction by providing the best service, using high quality products, and building a pleasant environment at an affordable price, to meet the needs of customers of all social status. I am the owner of The Makeover Beauty Salon and I perceive an unsatisfied customer need for a low-cost salon that provides maximum flexibility and great customer attention. Using this strategy, The Makeover Beauty Salon will gain much reputation and create long-term relationships with its customers.

The Makeover Beauty Salon is the only area salon to be online and fully automated and will have the most aggressive marketing campaign of any other area salon.

Which Citation Styles Can You Handle?

We get a lot of “Can you do MLA or APA?”—and yes, we can! Our writers ace every style—APA, MLA, Turabian, you name it. Tell us your preference, and we’ll format it flawlessly.

The Makeover Beauty Salon will target two different market segments:

Youngsters will typically make up 70-75% of the clientele. 

Young mothers with children. 

http://www.bplans.com/hair_salon_business_plan/images/bc49aab41b914ef99dca65af1ff71a82.png

Are Writing Services Legal?

Totally! They’re a legit resource for sample papers to guide your work. Use them to learn structure, boost skills, and ace your grades—ethical and within the rules.

Future Opportunities

The main segment of the population that is targeted by the salon is the younger generation, which is the youth. It has been noticed that adolescents like different and new looks, which are apart from others. They like to look very special and The Makeover Beauty Salon has all the means to satisfy the needs of the main targeted group.

This opportunity will be researched and developed on a trial basis. For example, every weekend, people can go to the salon and i will do their makeup or hair. If successful, it could become a major new source of income without creating the need for additional staff or production space.

The management team of The Makeover Beauty Salon

I will be the only manager of the salon. I will have as assistant, Miss Shazia. The latter takes the responsibility of supervising the workers when I will not be present at the salon. Miss Shazia has a degree in management of salon and she has two years of experience from another salon.

What’s the Price for a Paper?

Starts at $10/page for undergrad, up to $21 for pro-level. Deadlines (3 hours to 14 days) and add-ons like VIP support adjust the cost. Discounts kick in at $500+—save more with big orders!

I have also appointed two caretakers, Mrs Aisha and Miss Dolly, who will take care of customer’s children when the customers will be pampering themselves. Growth opportunities improve employee retention within our industry. The salon acknowledges the need for growth of the individual.

II The Business

The company

After a tedious search for a suitable place for the salon, finally one was found at the centre of the island. The location of the salon would be perfect, as it can welcome customers from all over Mauritius. The exact location is in the centre of Curepipe. The recently completed highway in the surrounding offers hundreds of thousands of local residents, shoppers from outside the area, and travelers that use this new highway. With this high concentration of customers there is no big and sophisticated salon in the locality. This is one of the main advantages of opening the salon at that particular location.

Services and products offered

The Makeover Beauty Salon is considered an innovating beauty salon which offers a wide range of services that include:

Hair: cuts, relaxers, perms, colors, shampoo, conditioning, curling, reconstructing, weaving, and waving

Is My Privacy Protected?

100%! We encrypt everything—your details stay secret. Papers are custom, original, and yours alone, so no one will ever know you used us.

Nails: manicures, pedicures, polish, sculptured nails

Skin Care: European facials, body waxing, massage

Makeup: bridal makeup, casual makeup, formal makeup, amongst others

Service is offered on a walk-in basis or by appointment. The Makeover Beauty Salon will emphasize a customer-centric service where the customer’s needs are always the priority.

Is AI Involved in Writing?

Nope—all human, all the time. Our writers are pros with real degrees, crafting unique papers with expertise AI can’t replicate, checked for originality.

The Makeover Beauty Salon will also sell hair care products, which is forecasted to account for about 15% of sales. These professional-quality supplies will include shampoos, conditioners, brushes, combs, and other styling aids.

Company Overview

The Makeover Beauty Salon is located in Curepipe and will offer affordable priced, convenient hair styling. The Makeover Beauty Salon will accept walk-ins as well as appointments for the entire family. The salon will grow its market share based on superior customer attention. The Salon is a family hair salon, also known as a “quick hair salon” and this new salon has everything to set up a new path and disguise people in an unexpected way. It is owned by Miss Chellen, who has recently returned from the United States, with innovative ideas, after advanced studies about the fashion and makeup line, and also in beauty salon management.

Company Ownership

The Makeover Beauty Salon will be entirely owner by me. I have done a degree in Beauty Salon management and a degree in General Cosmetology in the United States. I also worked in a salon for more than 5 years there. I have a very friendly approach in the salon and when I am tutoring.

Salon’s motto: “The trend begins here”

Vision & Mission

The Makeover Beauty Salon’s vision is to create a harmonious, productive, and profitable salon environment, supplying the community with Avon cosmetology.

Why Are You the Best for Research?

Our writers are degree-holding pros who tackle any topic with skill. We ensure quality with top tools and offer revisions—perfect papers, even under pressure.

The mission statement is very clear: The Makeover Beauty Salon has been established to set a new path in the beauty line by providing an exceptional service which aims at satisfying people of all age. Through its services, the salon aims at exceeding customer’s expectations.

Objectives

To cater for the fast changing trends of makeup and hairstyles.

To make people look more special and different from others.

To supply services and products that enhances our clients’ physical appearance and mental relaxation.

Who Writes My Assignments?

Experts with degrees—many rocking Master’s or higher—who’ve crushed our rigorous tests in their fields and academic writing. They’re student-savvy pros, ready to nail your essay with precision, blending teamwork with you to match your vision perfectly. Whether it’s a tricky topic or a tight deadline, they’ve got the skills to make it shine.

Keys to Success

Set up the salon in a location easily accessible to everyone.

The environment should be very appealing, friendly and relaxing.

Try to be as innovative as possible in styles.

Dare to try something new.

Will My Paper Be Unique?

Guaranteed—100%! We write every piece from scratch—no AI, no copying—just fresh, well-researched work with proper citations, crafted by real experts. You can grab a plagiarism report to see it’s 95%+ original, giving you total peace of mind it’s one-of-a-kind and ready to impress.

Aim at complete customer satisfaction by offering the best service at affordable prices.

The Makeover Beauty Salon can best be described as presently being in the business of cosmetology, education, and wellness. In recent times our key strengths have been customer service.

The Makeover Beauty Salon will use automation to keep hold of clients. According to studies, it takes 3 times the amount of effort to attract a new client than the effort to retain a satisfied client. at present, 10% of all salons are automated. in the vicinity, 3 salons are automated and none use the technology to market and track clients. Automation is a key to growing and maintaining our target market.

Goals and Objectives

It is the goal of The Makeover Beauty Salon to provide the community with an institution of cosmetology that targets all socioeconomic standings and is a model for the industry nationally.

Can You Use Any Citation Format?

Yep—APA, Chicago, Harvard, MLA, Turabian, you name it! Our writers customize every detail to fit your assignment’s needs, ensuring it meets academic standards down to the last footnote or bibliography entry. They’re pros at making your paper look sharp and compliant, no matter the style guide.

Startup Summary

After several months of search for a salon to purchase, the owner decided to start a salon from the ground up. The Makeover Beauty Salon will incur the following start-up costs:

Computer with point of sale terminal.

Computer with printer for back office.

Five cutting stations, each station requires a barber chair, cabinet, large mirror, blow dryer, curling iron, electric razor, several pairs of scissors, spray bottle, two sided mirror, and assorted combs and brushes.

Can I Change My Order Details?

For sure—you’re not locked in! Chat with your writer anytime through our handy system to update instructions, tweak the focus, or toss in new specifics, and they’ll adjust on the fly, even if they’re mid-draft. It’s all about keeping your paper exactly how you want it, hassle-free.

Desk for reception area.

Three couches for the reception area.

Display shelf for sale of retail products.

Assorted plants.

How Do I Order a Paper?

It’s a breeze—submit your order online with a few clicks, then track progress with drafts as your writer brings it to life. Once it’s ready, download it from your account, review it, and release payment only when you’re totally satisfied—easy, affordable help whenever you need it. Plus, you can reach out to support 24/7 if you’ve got questions along the way!

Assorted toys for the children.

Legal fees for business formation and generation/review of contracts.

http://www.bplans.com/hair_salon_business_plan/images/6ff2aec4851d460cb0a964e4122e4fa2.png

Startup funding

Start-up Expenditure to Fund

How Quick Can You Write?

Need it fast? We can whip up a top-quality paper in 24 hours—fully researched and polished, no corners cut. Just pick your deadline when you order, and we’ll hustle to make it happen, even for those nail-biting, last-minute turnarounds you didn’t see coming.

$2000

Start-up Assets to Fund

$104,000

Total Funding Required

$106,000

Can You Handle Tough Topics?

Absolutely—bring it on! Our writers, many with advanced degrees like Master’s or PhDs, thrive on challenges and dive deep into any subject, from obscure history to cutting-edge science. They’ll craft a standout paper with thorough research and clear writing, tailored to wow your professor.

Assets

Non-cash Assets from Start-up

$8,450

Cash Requirements from Start-up

$89,720

Additional Cash Raised

How Do You Match Professor Expectations?

We follow your rubric to a T—structure, evidence, tone. Editors refine it, ensuring it’s polished and ready to impress your prof.

$0

Cash Balance on Starting Date

$89,720

Total Assets

$98,170

Liabilities and Capital

Liabilities

Current Borrowing

How Do You Edit My Work?

Send us your draft and goals—our editors enhance clarity, fix errors, and keep your style. You’ll get a pro-level paper fast.

$0

Long-term Liabilities

$40,000

Accounts Payable (Outstanding Bills)

$0

Can You Brainstorm Topics?

Yep! We’ll suggest ideas tailored to your field—engaging and manageable. Pick one, and we’ll build it into a killer paper.

Other Current Liabilities (interest-free)

$0

Total Liabilities

$40000

Capital

Planned Investment

Chellen

$100,000

Investor 2

Do You Offer Fast Edits?

Yes! Need a quick fix? Our editors can polish your paper in hours—perfect for tight deadlines and top grades.

$0

Other

$0

Additional Investment Requirement

$0

Total Planned Investment

Can You Start With an Outline?

Sure! We’ll sketch an outline for your approval first, ensuring the paper’s direction is spot-on before we write.

$100,000

Loss at Start-up (Start-up Expenses)

($1,100)

Total Capital

$98,900

Total Capital and Liabilities

$104,000

Total Funding

Can You Add Charts or Stats?

Definitely! Our writers can include data analysis or visuals—charts, graphs—making your paper sharp and evidence-rich.

$106,000

Start-up

Requirements

Start-up Expenses

Legal

$1,000

Stationery etc.

$100

Other

$0

Total Start-up Expenses

$2,000

Start-up Assets

What About Multi-Part Projects?

We’ve got it—each section delivered on time, cohesive and high-quality. We’ll manage the whole journey for you.

Cash Required

$89,720

Other Current Assets

$0

Long-term Assets

Do You Adapt to International Rules?

Yes! UK, US, or Aussie standards—we’ll tailor your paper to fit your school’s norms perfectly.

$7,000

Total Assets

$104,000

Total Requirements

$106,000

What does a complex assignment mean?

If your assignment needs a writer with some niche know-how, we call it complex. For these, we tap into our pool of narrow-field specialists, who charge a bit more than our standard writers. That means we might add up to 20% to your original order price. Subjects like finance, architecture, engineering, IT, chemistry, physics, and a few others fall into this bucket—you’ll see a little note about it under the discipline field when you’re filling out the form. If you pick “Other” as your discipline, our support team will take a look too. If they think it’s tricky, that same 20% bump might apply. We’ll keep you in the loop either way!

III Management Team

I will be working full time at the Makeover Beauty Salon. She will be in charge of all recruitment and training, purchasing, and retail sales. Apart from the assistant manager and the two caretakers, I will also employ a receptionist to take care of all of the appointments as well as the people who walk in, and be responsible for the point of sale. The receptionist will be paid an hourly wage. I even plan to hire some part-time hair stylists during wedding periods and the eves of festivals, which will operate on an hourly/commission basis. 

I thought of using a partial commission basis to create incentives for greater customer attention. The better service employees provide to their customers, the greater customer satisfaction will be derived and the more money they will make off commissions. Miss Chellen will be pleased to pay for this type of performance.

IV Organizational Structure

The organisational structure of The Makeover Beauty

The New Looking salon will be like a flat organisation structure. It is supervised closely by the founder. Thus, efficiency is maintained and so is the satisfaction of customers. The salon is structured as follows in the diagram below.

Director

Children Caretakers

Manager of salon

Assisstant Manager

Part-timers

Part-timers

Part-timers

Diagram 1: This represents the business structure.

Who is my writer? How can I communicate with him/her?

Our writers come from all corners of the globe, and we’re picky about who we bring on board. They’ve passed tough tests in English and their subject areas, and we’ve checked their IDs to confirm they’ve got a master’s or PhD. Plus, we run training sessions on formatting and academic writing to keep their skills sharp. You’ll get to chat with your writer through a handy messenger on your personal order page. We’ll shoot you an email when new messages pop up, but it’s a good idea to swing by your page now and then so you don’t miss anything important from them.

Intellectual Property

The patent license, trademark and copyright agreements have already been applied for approval.

V Industry Analysis

SWOT Analysis

Strengths

•outstanding location.

•Well-qualified employees with good hair cutting skills with a wide style collection, and

Customer-focused business practices.

•A wide range of services offered.

• Cutthroat prices.

Weaknesses

•As a new entrant to the market, The Makeover Beauty Salon lacks brand equity that many other salons have gained over years of service.

•Large costs related with a start-up company.

Opportunities

•A steady growing market that is traditionally unaffected by the economic environment.

•The ability to decrease marginal fixed costs as the customer base grows.

•Increasing sales opportunities as more people from an individual family visits The Makeover Beauty Salon.

Threats

•Competition from already established salons.

•A change in traffic patterns as they relate to the mall where The Makeover Beauty Salon is located.

The hair styling industry is highly divided with national chains, some of which operates diverse franchises catering to all the market segments, and also including thousands of “mom and pop” salons that are very limited in scale and services. This makes for an extremely aggressive market that has low barriers to entry and exit. Moreover, the customers of hair styling have considerable control due to the low switching costs they have. However, most companies have tried to pursue only one general strategy in gaining more reputation. The Makeover Beauty Salon is of the view that that it is possible to offer a differentiated service through superior customer service at no greater considerable cost if the right employee incentives are provided.

With this strategy in mind, the salon’s purpose is to boost the number of clients served by at least 30% per year.

Target Market

The Makeover Beauty Salon will be targeting two different groups of customers, but will lay more emphasis on the youths. It will work hard to distinctly appeal to each of these groups. By focusing on more than one group, the salon is minimizing its risk that in a downturn one group will negatively affect the company.

Market Segmentation

The Makeover Beauty Salon will target three different market segments:

Youngsters will normally make up 70-75% of the clientele, as they are very conscious about looking good, having perfectly trimmed eyebrows and they like to keep changing their styles regularly.

Young mothers with children. Most young children are notoriously difficult when it comes to getting haircuts. A family style salon is a more laid-back place that allows the children to play while they are waiting and then will work with the parents in calming the kid’s nerves when they are ready for their shearing.

Target Market Segment Strategy

The Makeover Beauty Salon will target each of the two groups separately. The youngsters will be pampered in a very bright, appealing, colorful and attractive atmosphere. Employees will use the latest equipment available with them, which would suit their preferences and with which they will feel at ease.

The Makeover Beauty Salon will also target mothers with children by offering the kids toys to play with while they wait and child-friendly hair stylists. Moreover, children will receive a special rate reflecting the fact that children’s hair grows so fast that it can be costly to keep up with regular cuts, as well as the recognition that it generally takes lesser time to cut a child’s hair so it should be naturally less expensive.

Competition and Buying Patterns

The Makeover Beauty Salon competitors include:

Traditional barbers. They do not work on appointments as it offers an open door service. While barbers are willing to give you whatever cut you want, they are generally providing straight forward haircuts, typically on the conservative side. The advantages of a barber are they are low-cost and easy to use. Their disadvantages is often conservative styling capacities, sometimes a long wait as the barber may be an old timer who enjoys to chit chat.

Franchised “quick salons.”  An example of this would be Supercuts or Best Cuts. In essence this is a franchised version of The Makeover Beauty Salon. The advantage of this style is the store will be the same from location to location and some people like this predictability. 

Independent salons. These salons typically focus on a specific niche and do not serve a large group of customers. The advantages to these could be an independent salon that caters for all of your needs. The disadvantage is that because they tend to be more focused, more often than not this type of salon will not offer exactly what customers are looking for.

Competitive Edge

The Makeover Beauty Salon aims to be very different from the beauty salons which offer only one or two services. From surveys, it has been concluded that customers often get frustrated as they have to get their hair done at one place and facial and makeup done at another place. This becomes very annoying for clients as they have to travel a lot and it is tiresome as well. Therefore the Makeover Beauty Salon plans to offer all these services under the same roof. As such, clients will be more at ease to make themselves beautiful.

There exist several salons that are already proving the same services as the Makeover Beauty Salon, but they charge very high prices which everybody cannot afford as these salons are situates mostly in towns, where high rent have to be paid. Therefore, to attract the maximum number of customers, the Makeover Beauty Salon plans to offer better quality service than the other salons, but at affordable prices so that everyone can afford making then look beautiful, especially the youngsters, as they are the one that the salon is targeting at.

Basically the atmosphere prevailing at the Makeover Beauty Salon will be very cozy and relaxing, where clients would love to be pampered. A welcoming drink will be served to clients as they enter the salon – they can chose amongst tea, coffee, juice, soft drink. A television will be located in the waiting room and a radio in the hair-drying area, as this may take some time.

VI Marketing Plan

Marketing Strategy

The Makeover Beauty Salon has a very simple marketing strategy: satisfying its clients. Miss Chellen is of the view that when a customer leaves her salon, he/she should have a new look which would be perfect for the occasion the latter would be attending, and the latter should also be representing the Makeover Beauty Salon through his/her makeup and hairstyle – the client should be a medium of portraying the salon’s qualities, service and image.

Miss Chellen has no plans to advertise her new salon. According to researches, a satisfied customer is able to influence 11 – 14 people positively. Therefore, the owner of the salon is of the view that it’s the satisfied customers that will bring new customers to her salon and her business grows. She has, in her mind, a strategy to reward her potential clients who are able to attract new customer into the salon.

Sales Strategy

The Makeover Beauty Salon sales approach will be based on exceptionally professional communications with the customer. Normally the “quick salons” lay emphasis on being quick and inexpensive, often at the cost of customer service. Anytime that a potential customer will talk with someone at the Makeover Beauty Salon, the owner/employee will have an opportunity to impress the customer. Employee training will emphasize seizing these opportunities.

The Makeover Beauty Salon will also have the chance to increase sales of its retail hair care products every time it has a customer in the chair. The Makeover Beauty Salon offers interesting discounts on the hair care products for employees to use these products, so that they can explain to the customer about their personal experiences. Additionally, the Makeover Beauty Salon offers a product-based commission structure for the hair care products where they give away the product to the employee for commissions for selling the items to their customers. These personal testimonials and commission structure will allow the salon to generate good sales from the retail hair care products.

Sales forecasts

The first diagram above depicts the first year’s forecast of the Makeover Beauty Salon sales. In the first 4 months, sales will be very steady as the salon will experience new customers, who will get to know about the services that the salon offers. During the subsequent months, an increase in all the services offered is expected, as the customers will be satisfied with the service of the salon.

Sales Forecast

Year 1

Year 2

Year 3

Sales

Youngsters

$20,150

$35,260

$41,100

Women with small children

$2,015

$3,526

$4,110

Retail hair care products

$29,225

$32,975

$40,500

Total Sales

$51,390

$71,761

$85,710

Direct Cost of Sales

Year 1

Year 2

Year 3

Youngsters

$2,600

$4,750

$4,900

Women with small children

$260

$475

$490

Retail hair care products

$14,500

$26,000

$27,500

Subtotal Direct Cost of Sales

$17,360

$31,225

$32,890

VII Operation Plan

Facilities

The salon will be offering home styling and makeup for brides or any other special weekends, but for that, an appointment is compulsory – this should be done at least 3 weeks before the due date. Potential clients will not be charged with the travelling costs.

Hours of operation

The salon will be open week from 8 am to 5pm on Monday to Saturday. However, on Saturdays and public holidays, it will be opened from 10 am to 1 pm.

Employee Training & Education

Employees will be trained not only in their specific styling duties but in the philosophy and applications of our concept. They will receive extensive information from the owner and be kept informed of the latest information concerning styling and makeup applications through continuous training.

Systems & Controls

A big emphasis is being placed on extensive research into the quality and integrity of our products. They will constantly be tested for our own high standards of effectiveness and professionalism. Cosmetic products costs and inventory control will be handled by our computer system and checked daily by management.

Facilities

The salon will be offering home styling and makeup for brides or any other special weekends, but for that, an appointment is compulsory – this should be done at least 3 weeks before the due date. Potential clients will not be charged with the travelling costs.

Hours of operation

The salon will be open week from 8 am to 5pm on Monday to Saturday. However, on Saturdays and public holidays, it will be opened from 10 am to 1 pm.

Employee Training & Education

Employees will be trained not only in their specific styling duties but in the philosophy and applications of our concept. They will receive extensive information from the owner and be kept informed of the latest information concerning styling and makeup applications through continuous training.

Systems & Controls

A big emphasis is being placed on extensive research into the quality and integrity of our products. They will constantly be tested for our own high standards of effectiveness and professionalism. Cosmetic products costs and inventory control will be handled by our computer system and checked daily by management.

VIII Financial Plan

Start-up Funding

Start-up Expenses to Fund

$1,817

Start-up Assets to Fund

$60,600

Total Funding Required

$62,417

Assets

Non-cash Assets from Start-up

$60,100

Cash Requirements from Start-up

$500

Additional Cash Raised

$0

Cash Balance on Starting Date

$500

Total Assets

$60,600

Liabilities and Capital

Liabilities

Current Borrowing

$0

Long-term Liabilities

$61,917

Accounts Payable (Outstanding Bills)

$0

Other Current Liabilities (interest-free)

$0

Total Liabilities

$61,917

Capital

Planned Investment

Owner

$500

Investor

$0

Additional Investment Requirement

$0

Total Planned Investment

$500

Loss at Start-up (Start-up Expenses)

($1,817)

Total Capital

($1,317)

Total Capital and Liabilities

$60,600

Total Funding

$62,417

Important Assumptions

The following section will detail important Financial Assumptions.

General Assumptions

Year 1

Year 2

Year 2

Plan Month

1

2

3

Current Interest Rate

10.00%

10.00%

10.00%

Long-term Interest Rate

10.00%

10.00%

10.00%

Tax Rate

30.00%

30.00%

30.00%

Other

0

0

0

Projected Cash Flow

The cash flow depends on assumptions for inventory turnover, payment days, and accounts receivable management. Our projected same-day collections are critical, and are reasonable and customary in the salon industry. We do not expect to need significant additional support even when we reach the less profitable months, as they are expected.

http://www.bplans.com/hair_salon_business_plan/images/d5e510e0cfe04c2484123f1575a810dc.png

Projected Cash Flow

Year 1

Year 2

Year 3

Cash Received

Cash from Operations

Cash Sales

$277,143

$504,802

$525,337

Subtotal Cash from Operations

$277,143

$504,802

$525,337

Additional Cash Received

Sales Tax, VAT, HST/GST Received

$0

$0

$0

New Current Borrowing

$0

$0

$0

New Other Liabilities (interest-free)

$0

$0

$0

New Long-term Liabilities

$0

$0

$0

Sales of Other Current Assets

$0

$0

$0

Sales of Long-term Assets

$0

$0

$0

New Investment Received

$0

$0

$0

Subtotal Cash Received

$277,143

$504,802

$525,337

Expenditures

Year 1

Year 2

Year 3

Expenditures from Operations

Cash Spending

$251,600

$275,200

$279,200

Bill Payments

$101,816

$172,090

$181,489

Subtotal Spent on Operations

$353,416

$447,290

$460,689

Additional Cash Spent

Sales Tax, VAT, HST/GST Paid Out

$0

$0

$0

Principal Repayment of Current Borrowing

$0

$0

$0

Other Liabilities Principal Repayment

$0

$0

$0

Long-term Liabilities Principal Repayment

$0

$0

$0

Purchase Other Current Assets

$0

$0

$0

Purchase Long-term Assets

$0

$0

$0

Dividends

$0

$0

$0

Subtotal Cash Spent

$353,416

$447,290

$460,689

Net Cash Flow

($76,273)

$57,513

$64,648

Cash Balance

$20,307

$77,820

$142,467

Projected Balance Sheet of The Makeover Beauty Salon

Year 1

Year 2

Year 3

Assets

Current Assets

Cash

$20,307

$77,820

$142,467

Other Current Assets

$0

$0

$0

Total Current Assets

$20,307

$77,820

$142,467

Long-term Assets

Long-term Assets

$7,320

$7,320

$7,320

Accumulated Depreciation

$1,464

$2,928

$4,392

Total Long-term Assets

$5,856

$4,392

$2,928

Total Assets

$26,163

$82,212

$145,395

Liabilities and Capital

Year 1

Year 2

Year 3

Current Liabilities

Accounts Payable

$11,945

$14,341

$14,968

Current Borrowing

$0

$0

$0

Other Current Liabilities

$0

$0

$0

Subtotal Current Liabilities

$11,945

$14,341

$14,968

Long-term Liabilities

$45,000

$45,000

$45,000

Total Liabilities

$56,945

$59,341

$59,968

Paid-in Capital

$60,000

$60,000

$60,000

Retained Earnings

($1,100)

($90,782)

($37,130)

Earnings

($89,682)

$53,652

$62,557

Total Capital

($30,782)

$22,870

$85,427

Total Liabilities and Capital

$26,163

$82,212

$145,395

Net Worth

($30,782)

$22,870

$85,427

IX Critical Risk factors

Management Risks: It can be considered the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate event or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, project failures and legal liabilities in the Makeover Beauty Salon.

Other potential Management risks may be:

Defective products/services.

Health and safety incidents.

Faulty equipment.(e.g. damaged wires or sockets)

Environmental risks (e.g. noise pollution and the use of eco-friendly product)

Technological obsolescence.

Theft of assets

Marketing Risks: Marketing is a risk and you can’t go on happily thinking that whatever you’re doing is working for the best of the organization. By the time you do so, the market will have shifted from under your feet.

Some marketing risks may be:

Government action ( pass law to limit the time for using salon till late night)

Rival (imitation of ideas is done quickly by competitors)

Operating Risks: It is a risk arising from execution of a company’s business functions. As such, it is a very broad concept including e.g fraud risks, legal risks, physical or environmental risks in the Makeover Beauty Salon.

Other forms of operating risks may be:

the type of product received from suppliers

the neighbourhood problem which can halt work

the defect that hairstyle is not done according to customer wish

regulation which employee don’t accept

culture for where on a day some worker have to leave for prayer

Financial Risks: It is basically any risk related with any form of financing. Risk is probability of unfavorable condition; in financial sector it is the probability of actual return being less than expected return for a business company.

Intellectual Property Infringement: It is the infringement of an intellectual prop

Tags: Assessment task assignment help, Cheap essay writer Australia, Research Essay Help UK, Science Homework Assignment Help