Chief Executive Office Responsible for providing direction for the beauty salon. Responsible for building a strong customer care system.
Review market demand and the competition Review of the competition is necessary. Competition means there is a market, but how big is the market?
It is important not to saturate the market and to supply the right type of product or service; something that is in demand. Who are my competitors? Who are my customers? How Feasibility study on beauty salon can the market absorb before saturation? Is there a shortage or surplus? Location of the market is also important for micro-entrepreneurs with physical disabilities.
Agricultural produce, for example, has to be sold at the fresh market, which must be accessible to the disabled person micro-entrepreneur. If it is too far, proper transportation arrangements will be necessary or else the product will have to be sent by a hired delivery person or sold to a middle person.
Hiring people increases production costs. Marketing is easier for a farm-based enterprise located within a small community where the production can be sold directly to the villagers. Overcoming his disability to become a leading mushroom entrepreneur Over a decade ago, Suban Inthanam was unable to get a bank loan to start mushroom farming to support his wife and two children.
Banks were unwilling to lend to a disabled person and the family was supported by community members. Today, in his forties, Mr Suban is a well-known and prosperous mushroom entrepreneur with annual profits of about half a million baht, helps the poor and readily shares his business expertise with others.
Borrowing a small amount of money from friends he was able to set up a small mushroom farm in He succeeded in producing as much as the big farmers due to very high yields. With his wife, he gave special attention to the farm, paid back the loan from his earnings as a successful entrepreneur, bought land and built his own house made of concrete.
His wife harvests the ripe mushrooms four to five times a day. The plants are not watered by an automated device on fixed days and times but manually to ensure the exact amount needed at the exact time.
Suban buys the spores in Bangkok, prepares and inoculates substrate bags and supplies these to other mushroom cultivators in his village. Inhe started training people in the community who were keen to follow his outstanding example. He has so far trained more than 25 persons in mushroom cultivation.
The training he gives is free because he believes in mushroom cultivation as a good and honourable way of earning a living. Now more than 25 rai about four hectares of land within the village is used for mushroom farming. Suban goes around the village on his motorized tricycle.
He helps others with advice on mushroom cultivation, despite risk of increased local competition and reduced profitability of his own production. Instead, he diversified into the production and sale of inoculated substrate bags which largely compensates for any income loss from increased competition.
He now makes monthly profits between 40 and 50 baht. He is one of the most highly appreciated disabled guest trainers at the mushroom cultivation training centre in Ubon Ratchathani, more than km from his home in Yasothon.
Check seasonability Agriculture and farming produce are often seasonal. The following questions must be considered: Is the crop or product available only during certain seasons?
Are raw materials available all year round? Can the product be kept in storage? Is the service or product only required during certain periods of the year? Can there be off-season production? Some products can be grown off-season generating substantial profits since there are few competitors during that period.
Such products, although requiring more time and attention, can offer a niche market opportunity for micro-entrepreneurs with disabilities. Decide on business size Care must be taken in deciding the size of the business.
If too small, the business may not be feasible. If too big, it becomes too difficult to manage properly and may require extra help, which adds to costs. If too big, the market may not be capable of absorbing the produce.If YES, here’s a complete sample beauty salon business plan template & feasibility report you can use for FREE to raise money.
Okay, so we have considered all the requirements for starting a beauty salon. Vol.7, No.3, May, Mathematical and Natural Sciences. Study on Bilinear Scheme and Application to Three-dimensional Convective Equation (Itaru .
Opening a pedicure spa can be a dream come true or a nightmare. It depends on how accurate your feasibility study predicts the future. As part of the process of developing the feasibility study. PART III. SMALL-SCALE ENTERPRISE DEVELOPMENT A.
Before setting up a small-scale enterprise. Small-scale enterprise development is not for everyone, whether disabled or not, and needs a high level of discipline, dedication, persistence and creativity as well as a lot of work. FEASIBILITY STUDY 1. What, when, why, how, where you’re using the feasibility Study?Explain with your own word.
What is Feasibility Study?Feasibility study is an analysis of the viability of an idea. The feasibility study is an evaluation and analysis of the potential of a proposed project. It is based on extensive investigation and research to support the process of decision making.
Hello good morning leslutinsduphoenix.comado po ako sa pga franchise. Magkano po ba ang initial capital? Salamat po.