Our business plan is a professional "blue print" prepared just for you – each plan is tailor-made for your project and will provide a step-by-step path that will lead you from vision to grand opening and beyond.

 

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Your business plan will include the following components:

• Executive Summary: Objectives, Mission, Keys to Success

• Company Summary: Ownership, Start-up, Location, Description, Space

• Spa Trends: Key Findings, Areas of Interest, Consumer Trends, Cultural Trends

• Market Analysis: Summary: Analysis of Spa Industry,  Local Market, Competitors

• Offerings: Services, Products, Packages, Retail, Spa Cuisine, Current Emphasis

• Strategy and Implementation: Marketing Plan, Marketing Strategy, Sales

• Management Summary:  Personnel Plan, Time Table

• Financial Plans: Assumptionsons, Uses and Sources of Funds. Break-even, Profit and Loss, Cash Flow, Balance Sheet.

• Conclusions:  The conclusions of the spa consultant as a result of the buisness plan.

• Nex Steps:  An outline of the steps to be taken by the client based on the conclusions of the business plan.

• Resources:  A list of resources used to prepare the business plan.

Business Plan Basics from the

Small Business Administration

A business plan precisely defines your business, identifies your goals, and serves as your firm's resume. The basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make good business decisions. Because it provides specific and organized information about your company and how you will repay borrowed money, a good business plan is a crucial part of any loan application. Additionally, it informs sales personnel, suppliers, and others about your operations and goals.

Plan Your Work

The importance of a comprehensive, thoughtful business plan cannot be overemphasized. Much hinges on it: outside funding, credit from suppliers, management of your operation and finances, promotion and marketing of your business, and achievement of your goals and objectives.

Despite the critical importance of a business plan, many entrepreneurs drag their feet when it comes to preparing a written document. They argue that their marketplace changes too fast for a business plan to be useful or that they just don't have enough time. But just as a builder won't begin construction without a blueprint, eager business owners shouldn't rush into new ventures without a business plan. Spa Business Associates uses the latest business planning software to insure the accuracy and integrety of your business plan.

Before you begin writing your business plan, consider four core questions:

Primary Uses of the Business Plan include:

• An underwriting tool for a loan, lease or capital contribuitons from investors;

•  A planning and educational tool for owners and operators; and

•  A management tool for day-to-day operations.

Pam Williams says:

"If you are thinking about starting a new spa or expanding a salon or medical practice to include spa services, you need a business plan.  A lot of businesses fail because the owner does not properly plan - don't make that mistake with your new spa or salon business - let Spa Business Associates show you how you can benefit from their services and products. As a full-service consultancy, SBA provides everything you need to take your dream to reality."

Would you start a trip to a strange place without using a map or GPS? So why would you start a new business venture without a business plan. "Failing to plan" is "planning to fail."

Location, Location, Location

This old real estate adage holds true for salons and spas just as it does for restaurants, banks and convenience stores.

 The ideal characteristics of a site for an upscale salon or spa are:

• Busy commercial area;

• Middle to upper income residential neighborhoods;

• High pedestrian and vehicular traffic; and

• Synergistic restaurants and shops where your demographic eats and shops.

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