Business Concept TEASE Hair Salon has a very

Business Concept TEASE Hair Salon has a very unique modern style. All the stylists there have been styling for long periods of time and are required to be up to date on styles. They are some of the best in the business. Also the style on the inside of our salon is unique. It is very modern and stylish. 12/24/2021

Competition We will have much competition with other salons. However we have better stylist and equipment then any salon in the area. It will be a non price advantage, because the quality of our service is much better. 12/24/2021

Goals & Objectives q 5 -Year Goals q. Become a well respected prestigious hair salon. q. Have a 90% customer satisfaction and return rate. 12/24/2021

Financial Plan Yearly Review Sales Net Profit 1 st $166, 400 $3, 257 2 nd$211, 022 $19, 967 3 rd$239, 975 $28, 155 Sources of Capital- Partnership, Debt Capital from a commercial bank, Family. 12/24/2021

Resource Requirements q. Technology Requirements q. Straighters, Curlers, Blow dryers etc. q. POS system q. Computer q. Personnel Requirements q. Stylists q. Front Desk Clerk q. Resource Requirements q. Book keeper, Accountant. 12/24/2021

Risks & Rewards q. Economic q. Competition, Population q. Area is very populated and also attracts many tourists. We have the best quality around. q. Natural q. Hurricane, Tornado, Storms, Power loss q. Insurance will cover damage. q. Human q. Robberies, Injury q. Security systems and first aid will be provided. 12/24/2021

Marketing Plan Pricing Policies Prices will be quite high. However the service is worth the price. Promotional Activities Have a grand opening with deals & also have flyers sent out in the mail.

Key Issues • Near Term – Hire and find stylists – Furnish Building – Get Cliental • Long Term – Keep Promotions going – Continue recruiting customers – Keep Customers happy – Keep up Salon maintenance 12/24/2021