Beauty Salon Business Plan

It’s pretty amazing to know that almost all the beauty salons have a very good business these days. The only reason is that people have become extra conscious about their appearance, and are willing to go that extra mile to make themselves more presentable. Hence, if you have a relevant expertise in this particular field, then you can surely think about getting into it professionally. Though it promises good returns, the competition is pretty tough. Hence, you must be prepared with a foolproof beauty salon business plan before you venture into this field. Some of the aspects that should be covered are given below.

Executive Summary

Executive summary is an abstract of the entire information in your plan. It includes the market analysis, strategies, competition, ideas, etc. Usually, it is short, of about 2 pages. It gives an idea about the entire plan at a single glance. It helps you to understand what the business is all about.

Company Description

Company description describes the entire functioning of the company. It includes everything about the company, the mission, goals, assets, etc. It also has an information about the start-up ideas and the objectives of the company. It may give a brief introduction of the founder members and the top management personnel.

Market Analysis

Market analysis is very important for any venture. It helps you to understand the scope of your work and its position in the market. It deals with the needs of the customers and what they expect from you. It also includes market research about the competitors. Hence, the market analysis should be properly done and expressed in accurate figures.

Marketing Strategies

Marketing strategies include the description of all the activities you are likely to adopt for marketing. It could be mouth publicity, advertisements in print or electronic media, hoardings, and

Planning for Starting a Home Based Business

A home based business needs to have a proper plan in place for it to be successful. Working from home is a wonderful option for those of us who cannot, for whatever reason, go to an office for work. Several employment options exist for such entrepreneurs. However, to take advantage of the offers, you need to be well planned and organized.

Step One

First things first, you need to know in which area you want to provide work. For that you need to examine your skill sets and qualifications. That should give you a fair idea of which service you are able to provide.

Step Two

Even at home, you should have a dedicated work area where you can work peacefully. Finding such an area is the key, especially if you are staying at home because of kids or some other responsibilities. You need to find a time and place, where you would not be disturbed or distracted. You can then fix the number of hours, that you can devote to your work based on these factors. Your earnings would therefore depend on the number of hours you can spend working, and how fast you can do your work within these restraints.

Step Three

The next thing you need to have is a business plan. An ideal plan will outline the above mentioned factors in clear cut terms. An analysis of cost and market factors, will determine your cost per hour. You can thus calculate your projected income based on the number of hours you work.

Step Four

Once you have a plan in place, you need to apply for the necessary licenses and registrations. Check with your local government for the required formalities. It pays to have the paperwork in order, so as to avoid legal complications at a later date.

Step

The Complete Business Innovation

Good ideas may surface from the farthest reaches of the organization. Thus, the challenge for top executives is to stimulate experiments across the entire organization, select the most promising of the lot, and disseminate them quickly and appropriately throughout the business.

We are living in a time when information and technology has given rise to abundance, so the competition in supply market is growing at a steady pace. Good ideas, in times like these, need to be nurtured and applied as efficiently and effectively as possible, in order to reap economic benefits.

Overview
Early research on innovation tended to address the organization’s ability to respond and adapt to external and/or internal changes (Burns and Stalker) (Hull and Hage). Subsequent work on innovation stressed more on proactive innovation and distinguished between the types of innovation. There are three types of innovation (process, product/service, and strategy), each of which can vary from incremental to radical and from sustaining to discontinuous.

Emphasis was on the organization’s ability to promote both process and product innovation, regardless of an immediate need for change (Kanter).

Innovation vs. Invention
Joseph Schumpeter defines innovation as the combination and creative application of existing and new knowledge of elements to improve existing and/or develop new products and services, production processes, organization-methods, and commercialization, in order to create or preserve added value.

The Oxford English Dictionary defines innovation as ‘making changes to something established’. Invention is the act of ‘coming upon or finding discovery’. It is important that we do not mix innovation with invention.

Business Innovation
Innovation is generated at individual, organizational, and environmental levels. Let’s look at various types of innovation.

1. Innovate Market or Innovation from Market (Consumer)
2. Innovate Industry or Innovation from Industry (Competitor)
3. Innovate Product or Innovation from Product / Process (Operations)
4. Innovate Team/Organization

Attributes of a Family Business

Well-known Groups

Fiat Group (Italy) – Agnelli family
Grupo Modelo (Mexico) – Diez Fernandez family
IKEA (Sweden) – Kamprad family
L’Oreal (France) – Bettencourt family
McCain Foods (Canada) – McCain family
Samsung Group (South Korea) – Lee family
Tata Group (India) – Tata family
Reliance (India) – Ambani family
The Gap (USA) – Fisher family
Wal-Mart (USA) – Sam Walton family

Distinguishing Features

– A cohesive force usually exists behind the management of these organizations, providing a strong sense of mission and a shared vision ideally cemented by loyalty and commitment.
– The benefit of low capital costs allows them to adopt long-term business strategies or to exploit market niches, which are not sufficiently profitable for larger businesses.
– They own long-term perspectives, saving and reinvesting capital, and viewing the business as a legacy of heirs. Hence, pressure for short-term profit is reduced.
– Their attitude is inward looking. Decisions are based on emotions rather than commercial grounds.

Family System vs. Business System

Inward looking vs. Outward looking
Emotion based vs. Task based
Unconditional acceptance vs. Unemotional
Sharing vs. Reward performance
Lifetime membership vs. Perform or Leave
Averse to change vs. Embrace change
To nurture vs. To generate profits

Birth and Initial Expansion

Worldwide statistics show that the mortality rate among small and middle-size businesses is about 15 % at the end of the first year of existence, and 23 % after the second.

A newly created company demands a great deal of effort, time, energy, and devotion, just like a newborn baby. New companies have a propensity to have high operational costs and low profits, while the turnover is rather modest and still unpredictable.

The growth of the company depends on its promoter’s attitude. As the driving force of the company, he or she takes all the decisions and assumes all the

Business Salutation Etiquette

With today’s business environment becoming increasingly global, most of us come across situations where we have to meet clients from different countries and cultures. Studying and understanding your client’s culture, in-depth, may take a lot of time, but there are some generally agreed principles that are a part of the correct business salutation etiquette. It is very important for all of us to display good business etiquette as it plays an important part in ensuring success and professionalism in the workplace.

Salutations When Meeting

The acceptable way of greeting a client or someone from your workplace is a handshake, irrespective of the gender of the person. It is important that you make eye-contact with the person and have a genuine smile. It is important to remember that a handshake is not an alternate for using your voice. While you extend your hand, you should introduce yourself at the same time. Avoid being too firm with your handshakes and remember that handshakes are a way to start a communication, not a show of physical strength. There are times, when you will not get it right, but you should not start feeling remorseful and instead, you should try to make up for it by offering a compliment or engaging the person in a short conversation.

Cross-Cultural Salutations

The art of salutations would have been much easier if our interaction in a business environment was limited to people from our own country and culture only. Today, more and more companies want to be global and the mergers and acquisitions mean that you get to meet people from almost all parts of the world. Winning over your clients requires knowledge of their traditions so that you are able to impress them in first meeting itself. In this section, we will take a

Meeting Etiquette

Etiquette is nothing but a set of unwritten rules that are accepted by everyone, for the smooth functioning of a society. Proper etiquette is expected in all social activities and interactions. Of course, it is different for every occasion.

Following Etiquette at a Meeting

Here are the prime principles to bear in mind.

Punctuality: It might sound like a cliché, but punctuality is one quality which needs to be followed throughout life. It is a crucial factor when it comes to formal meetings. In fact, it’s best to be present at the venue, at least five minutes beforehand.

If you reach late due to some reason, occupy your position, without disturbing the proceedings. If you are organizing the meeting, start on time, irrespective of the attendance. Do not make members wait, even if the others are late.

Dressing and Mannerism: Formal attire is expected. Dress like a professional. T-shirts and jeans are out of question, when it comes to a meeting. There won’t be any dress code mentioned, however, you are expected to dress in clean and neat clothes. Also, pay attention to your footwear. Choose comfortable formal shoes.

Talking about manners, it is expected that you switch your phones to a silent mode. Avoid answering calls during the meeting.

Listening attentively is also an important part of etiquette. If at any point you do not agree with the chair, wait for him to finish and then put forth your opinion in a modest tone. Every person in the meeting gets a chance to express his views. Wait for your chance. Avoid aggression, and reason instead.

Be Prepared: All meetings generally have an agenda. You will be informed in advance about the meeting timing. Do not waste your and others people’s time beating around the bush. Speak only about the concerned topic,

Workplace Etiquette

True. Good manners and a good conduct can make you go places you may have never imagined. It’s your entry to winning the people around you. The best B-school or a aristocratic lineage does not grant a person manners or any etiquette. Etiquette is cultivated by each one of us through years of observation coupled with instinct for good taste in life. Workplace etiquette too, is an unwritten code of conduct which decides the way you behave in a professional environment. Let’s see what are the important pointers to keep in mind.

Dress Code
The dress code is the most important part of every etiquette. Just as you get appropriately dressed for a party, a wedding ceremony, and any other occasion, an office, demands the same too. A professional environment demands a proper attire that is respectable and presentable. Formals is what you need to dress in at a workplace. Clean ironed clothes, coiffed hair, and polished shoes are the minimal requirements of a workplace dress code. As for women, make sure your hands and feet are well manicured and pedicured. Dressing up as though you are heading to a night party, just to make a fashion statement at the office would be the gravest blunder.

Keep it Low
Being at office is different than hanging out with friends at a cafeteria. You need to monitor your volume while you are at office. Speaking loudly, getting into loud squabbles, or leaving your cell phone on a ringing mode while you are at office will get you all the attention you want. However, such inconsiderate behavior is severely disturbing to the others around you. So, keep it low while you are in office premises.

Desk Etiquette
Workplace etiquette rules make a strong suggestions of desk etiquette. Mindless post-its

Proper Business Etiquette

Etiquette is just not confined to the use of the right fork at the dinner table. It involves everything that has to do with saying the right things, dressing the right way to doing the right thing, etc. In other words, it implies being at your best behavior. Business etiquette is just about following the same at your workplace. Contrary to many people’s beliefs, it has nothing to do with being upright and stuffy; in fact, it’s all about being smart and well-cultured. Showing everyone that you have a polished and sophisticated side to you would help you stand out from the rest.

What is Business Etiquette?

This has everything to do with good manners and appropriate habits. So, what kind of behavior can be constituted as good for workplace? For this, let’s take a look at some things, which you might be doing unconsciously at your workplace.

Proper Dressing Sense
Everyone seems to like commenting on others’ dressing sense, but how a person dresses up in the office has real significance in the corporate world. A sleek and smart look would make a favorable impression, rather than a tardy and messy appearance. What to wear and what not to wear at office is an important question as this whole arena has become ambiguous due to constantly changing fads. Sticking to formal wear is the only way one can exhibit neatness and professionalism. Women should avoid wearing too loud colored clothes, or even sleeveless blouses and short skirts. For men, formal shirts with full sleeves and an uncreased attire will do the trick.

Phone Etiquette
Many times, a phone call seals the fate of a business deal, and it is important that you excel at the art of pleasant conversation. If you are not required to say any

Office Party Etiquette

For guys, a party means booze, dance and food, and for girls, a party means makeup, dressing up, and gossip. Basically, a party means no rules and all fun, but office parties are little bit different in that regard. You can have fun at office parties, but it has certain boundaries too, and those boundaries are known as office party etiquette. This article will help you to act properly at your office parties.

To Go or Not to Go
Please do not even consider not going to the party unless you have a very genuine reason for it. If you don’t go to the party, you might severely hamper your image. An office party is an opportunity for developing new friendships at the workplace, and every such opportunity should be grabbed with both hands.

The Attire
Generally, office parties are immediately after work hours, so you will have little time to get all dressed up. You have to look relaxed and professional, yet neat and pulled together. Business casual attire is best suited for such a situation. For men, it is expected that they wear a shirt and cotton pants. It is recommended that you wear anything that can accommodate a tie. For women, it is expected that they wear informal dresses with an appropriate skirt length. Basically, wear business casual attire to your office parties. But if your office party has a theme, then choose an attire that is in accordance with the office party theme idea.

The Date
Normally, it is expected that you do come alone to an office party. Read the office party invitation wordings carefully. If it is specifically mentioned that you can bring a date, only then think of bringing the date. Else, treat this as a formal occasion and proceed

How to Write a Job Transfer Request

A job transfer request can be a request for relocation or one requesting a transfer to a new position that has opened in your company. Personal reasons such as time and location constraints could necessitate you to write one. A job transfer request has to be addressed to your employer making it clear why you want the transfer and it should convince your employer about your suitability at the new position. You should be careful in your request for job transfer so that it is granted. Ensure that it does not look like a helplessly made request. Also, it should also not appear to be an arrogant statement of your need for transfer.

Writing a Job Transfer Request
If your job transfer request is your response to a new job opening in your company, state the purpose of your request. Let a convincing reason for requesting follow the purpose. Highlight your strengths to convince your employer how well the newly opened position suits you. Make a mention of your experience and your expertise, which you will be able to utilize in the intended new position.

It may happen that your family is shifting and that you need to relocate to a new place. If you know that your company has a branch in the new place you will be moving to, you may like to request a transfer to that branch of your company. In this case, it is important to state clearly your reason to relocate. It is important to make your employer understand your urge of working with the company. State that you want to continue working in your current company and that it would be nice for you to obtain a job transfer to your place of relocation.

In any of these two cases