Executive Summary Introduction Business Description Products and services Competitive Advantage Market Research Competitor Analysis Sales and Marketing Plan Operational Plan Business Risk Management and Structure Financial Plan and Projections. 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. While this might be an artistry kind of task, making a business out of it would require following certain business rules just like any regular kind of business. document.getElementById('follow_twitter_widget').src = "//platform.twitter.com/widgets/follow_button.html?screen_name=startupguysnet"; The aim of this study is about gaining valuable consumer insights in order to suggest strategic proposals to grow Maybelline’s current BB Cream business in the Vietnamese market. Here's is How to Write a Business Plan BUSINESS DESCRIPTION. Also, the growing economy means more people will be willing to patronize our services or buy products from us. Think of a, 4. 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. Date: 2016-03-14. dominated the mass makeup market in the categories of Eye and Lip. The assumptions used were that we would not experience any major economic meltdown that will allow less patronage from our customers and that there won’t be an arrival of any major competitor in the same location we are offering our business. The information gotten would then be used to structure our business in such a way as to attract the customers we need. Business plan is the best start for implementing a business in real life, such as a business plan … In view of this, we have conducted a market research in order to fully understand the market we intend entering and what we should expect from our target market, while also having an idea of what they would be expecting from us. Experts always suggest putting your goals on paper before you actually start a business so you can keep track of your efforts and returns. 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 company will be situated in Los Angeles. To however achieve this, we have several competitive strategies in mind. That’s what the readers will want to see! Usually, makeup artists work by themselves which makes it sometimes difficult for their income to be regular, except they go into certain niche areas such as carrying out makeups for models or becoming movie makeup artists. 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. So, instead of saying that outright, make sure that every element of your plan is easy to read and professional. Sample Makeup Studio Business Plan Template #01851, written on Tuesday, June 12, 2012 12:58:10 PM, in Lowell, . Check out our detailed guide on how to market your makeup artistry business, and develop this section of your business plan accordingly. Your plan’s readers will need to know if there are other people on your payroll, partners, etc. Should any of the assumptions change, it would have an effect on the figures posted which could either result into an increase or decrease. We are a relatively new business and as such we have not yet gained much depth into the market as we would have liked. Here are some hints on how to fill out each section. So what next? 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. Below is the result of the SWOT analysis that was thoroughly conducted on behalf of Shae’s Touch Studio. 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. Are you about starting a makeup artist studio? Ensures that the books of the company are reconciled with that of the bank and that all details are correct. Lastly, our employees are also our internal customers and are treated right because this would make them remain motivated and dedicated to the company. Either way, a makeup artist in order to create a sustainable flow of income will need to be in as much niches as possible. 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. Shae’s Touch Studios is a business owned and run 100% by Ms. Shae Lannister, a professional make-up artist. 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. Other parts vital to your business plan include your range of makeup services, how you intend to market your business, or increase sales. 3. This section will include details on how you plan to market your business and the resources you will need to do so. The loan is to be repaid in 7 years at the rate of 3%. Does One-Size-Fit-All When It Comes to Loans? 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. Cosmetics Business Plan in Nigeria. Great! 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. This way we would conveniently grow and sustain our business effectively. This has led her to restrict the sourcing of her capital to three major sources. Just choose a business plan template and download it. We also give out trainings to our international clients. Your business plan can look as polished and professional as this sample plan. The publicity and advertising strategies will also help to effectively communicate our brand to our intended audience. Key Components of a Business Plan. Lots of opportunities exist in Los Angeles, New York, Chicago and Miami. Also, the funds that are needed to start and run this company will be gotten from personal savings as well as from the bank. Every business that is a start-up requires capital in order to run the business and acquire the standard it intends for its business. So, in this section you’ll need to consider and document a few things: 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. Commitment of the ovners – they believe that the key to successful business is meeting customers requirements and starting the best service from themselves Customer Satisfaction! iPlanner.NET Small Business Plans Online BUSINESS PLAN TEMPLATE For a start-up company 18/01/2012 12:33:19(GMT) Executive Summary. A Sample Makeup Artist Business Plan Template }; Where do you see your business for 1 year, 2 years, 3+ years from now? As at 2012, we had about 3,000 makeup artists, and most were employed by the motion pictures and television broadcasting industries. So, you’ll have to organize your staff information beforehand and write it down in the report. Use social media platforms such as Instagram, Snapchat, Facebook and Twitter to promote our business, Use Youtube to showcase our training sessions so as to attract more customers, Attend several conventions and participate in several seminars in order to promote our brand, Throw contests online in order to promote our brand, Ensure that our staff members wear our company’s customized tee-shirts either in the store or during field work, Distribute our handbills and fliers in strategic locations, Total fee for registering the business in the United States of America –, Fees for obtaining licenses and permits, accounting software and specialized certifications –, Marketing and promotion expenses for the grand opening of the makeup studio as well as general marketing expenses –, Insurance coverage (general liability and Workers Compensation) –, Operational expenses for the first 4 months (salaries of employees and payment of utility bills) –, Cost of leasing a facility for at least 1 year and carrying out renovations –, Cost of start-up inventory (professional makeup kits) –, Cost of store equipment (cash register, racks, security and signage) –, Other start-up expenses including stationery and furniture –, Generate part of the start-up capital from personal savings. Whilst capital generation is key, deciding where to spend the bulk of the capital is also important. To become a professional makeup artist, training in a school of cosmetology is required and this can last between several months and a year. She therefore understands what paths we need to follow to help us get to the top and achieve all our corporate goals and objectives. Experts always suggest putting your goals on paper before you actually start a business so you can keep track of your efforts and returns. It should be noted that the amount is huge due to the different services we intend to offer. While there may be more components for a business plan, based on the article published by Growbusiness.org, the following are the key components that each business plan absolutely must have: 1. if (!window.matchMedia("only screen and (max-width: 760px)").matches) { Think of a competitive advantage that you have and highlight it! Takes key decisions and actions that would affect the overall growth and sustainability of the business, Ensures that organizational policies are effectively implemented, Drafts the budget and ensures that it achieves full implementation, Meets with valuable clients on behalf of the company, In charge of ensuring that all the administrative functions of the business run smoothly, Recruits competent employees on behalf of the studio, Ensures that employees receive great welfare packages and also undergo trainings as at when necessary, In charge of certain projects undertaken by the studio, Ensures that the brand makeup produced by the studio is standard industry-wise, In charge of all makeup artists in the studio, Creates and sources for profitable niches on behalf of the company, Is updated on industry trends so as to meet and exceed the expectations of clients, Ensures that make-ups gotten are of high standard, Liaises with brands and ensures that the company gets the best deals, In charge of preparing account and financial statements on behalf of the firm, Ensures that tax documents are accurately prepared and sent to the right authorities. If you are to present the business plan to investors, make sure to add rich media like images of your best work, letters of the association from your strategic partners, testimonials from people/groups where you have delivered promotional services, etc. 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. Find more details about me and connect with me through My Linkedin Profile. Whats people lookup in this blog: Makeup Artist Business Plan Pdf; Makeup Artist Business Plan Sample Pdf; Freelance Makeup Artist Business Plan Pdf We also know how beneficial it is to reward our loyal customers especially those who refer us to others. COSMETICS BUSINESS PLAN IN NIGERIA. 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. Create a list of services that you will offer, and it better is to identify the pricing at the same time. Get the Bplans newsletter: Expert business tips and advice delivered weekly. Include People Who Will Be Working with You, 6. 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. However, most of those who are employed are also self-employed, as their jobs usually last for a short period of time. Next for each section read the guide below and come up with your answers and information. 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 sample business cards for the makeup artist business). California is a glamorous place because most celebrities reside here, from movie stars to artistes and other kinds of celebrities and so would always require the services of make-up artists for whatever reason. Here’s a simple 4 page example plan that will help you get started. You can’t have a successful business without some form of marketing. Also, the staff we employ must be dedicated and ensure that they communicate our brand positively at all times. SOS Beauty Kit BUSINESS PLAN 7 (2) Boxes, like Markwins box (Markwins website - Figure 5) or Benefit Cosmetics box (Benefit Cosmetics website -Figure 6), are also makeup keepers but are mostly used at home due to its size. Cosmetics Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the … 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. List people with their responsibilities and mention whether their role will be full time or part-time, if you will pay them, or if they will be volunteers. Another competitive advantage is the fact that our customers’ expectations are not only met but exceeded as well, leading to high customer satisfaction, retention and loyalty. Ms. Shae has no intentions whatsoever to bring in any external partners to run the business with her. Shae’s Touch Studio just like any other business has been established with the sole intention of making profit that will be used in growing and sustaining the business here in Bay Island – California and also all over the United States of America and even beyond our country’s borders. 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. 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. If you are selling a unique service, make sure you are delivering the price’s value. The final element in the makeup artist business plan is the money section. It's fast and easy, with LivePlan. Generating Funding/Startup Capital for Shae’s Touch Studios Business. Another competitive advantage we have is the vast experience of our management team. Every serious entrepreneur starting off their own business do so with the intention of not only making profit and competing fairly against its competitors but also remaining in business for as long as possible. Introduce our makeup business to corporate bodies, individuals and other stakeholders in the industry. 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. You can also include a sub-section for projected earnings. Make sure that in your business description, you include the following: Find a way to incorporate every aspect that we described, but also to do so in a way that flows well. We intend to take great care of our staff pay them better than their counterparts in similar start-ups such as ours. All our makeup artists are not only well trained but have professional certifications as well, which means that we are more than likely to not only met but exceed the expectations of our customers, because we are able to handle whatever requests they may have. At all times in such a way as to attract the customers we need to know exactly you! Customers especially those who are employed are also self-employed, as at,. More details about me and connect with me through my makeup business plan pdf Profile generating capital. To corporate bodies, individuals and other stakeholders in the report download it make-ups each... Is due to the different seasons, makeup Studio business plan will be a summary of services. The SWOT analysis that was thoroughly conducted on behalf of Shae ’ s readers will need to dream up great! Hairstylists guild, as a free resource to … cosmetics business plan might seem difficult and intimidating a! 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