please write in serial wise and with proper headings and my business group idea is on Nail salon and spa. Make sure it's on my group idea. ( caution my topic is on nail and salon spa ).
1. Business Model - What are your main products/services? (1-3 sentences) - Who are your target customers? (1-3 sentences) - What is the current business climate in your chosen market, and what is the opportunity that you see for your business idea? (2-4 sentences) - What is the legal form of your business? (1-3 sentences) 2. Feasibility - What is the location for your business? Why did you choose this location? (24 sentences) - Who is your competition? Both Primary and secondary? (2-4 sentences) - What is the market potential (total market size in dollars)? How much of it do you expect to capture? (1-4 sentences) - Present a sales forecast for the next 2 years. What are the assumptions and estimates you made in calculating these numbers? (2-5 sentences) - What type(s) of insurance will your business need? What are the possible scenarios that could arise that you would need protection from? (2-4 sentences) - How will you protect your business from different types of theft, vandalism, crime, etc.? (1-3 sentences) - Will you have any intellectual property? Explain. (1-3 sentences) 3. Marketing - What is the brand image you hope to project to the public? (1-3 sentences) - What will your business name be? Why did you choose it? (1-3 sentences) - What is your service/product mix (aside from your main products/services mentioned in section 1, what else will you be selling to complement them)? ( 1 - 3 sentences) - What is the pricing for your products/services? Explain how you came up with it. ( 1 - 3 sentences) - Explain your planned distribution strategy. Will you sell your products online, in-store, etc.? (1-3 sentences) - What are some promotional strategies you plan to implement to attract customers and build sales volume? (1-4 sentences) 4. Operations - What are the space and equipment requirements of your business? Describe in detail the layout of your premises (a drawing or illustration would be preferred). (2-5 sentences plus any illustrations) - What are some of the methods/processes that will be integral to your business? For example, if you run a restaurant, you will need a routine for preparing food and managing stock daily, as well as efficient cooking routines. Outline one of your main procedures using a sequential list, bar graph, flow chart, or continuity chart (see Chapter 4 Operations slides). - What are the software systems your business will require? (1-4 sentences) - What is your organizational structure (See chapter 4 Operations slides - slide 20)? Map out the different roles in your company or list them out with a description of each (role, responsibilities, authority) and who will fill them. Include at least one full job description document. (3-8 sentences plus any illustrations and the job description) - What are the government regulations your business will need to follow? Permits/licenses, tax, etc.? (1-3 sentences) 5. Finances - What are the start-up needs and finances your business requires? Do not just mention a total. Break out the different requirements and the amount needed for each (machinery, rent, payroll, advertising, consultation, etc.). (2-8 sentences/lines) - How will you attain this capital? Who will be investing and lending you the money? (2-8 sentences/lines) - Produce a projected balance sheet, dated at the end of your first year of operations. (You may prefer to use a spreadsheet for this section and can screenshot it and paste it into your report). Be sure to include all assets, liabilities, and equity amounts. - What will be your main expenses? Be sure to mention and distinguish between your fixed and variable costs. (2-5 sentences)
