A business plan about beauty products or services.
What is a business plan? A business plan is a written document that describes an idea for a product or service and how it will make money. It includes your marketing plan as well as estimates for revenue, expenses, and how to make a prot. Why do I need this? A business plan is like a roadmap. It allows you to plan out the various aspects of your business on paper, and keeps you from making unnecessary mistakes later on. It helps an entrepreneur think about the costs associated with starting a business and show banks that you are serious about your idea. (From bizkids.com.) The Idea: Use this space to explain your big idea. Be sure to be clear about your business concept and whether it is a product or a service. Explain how your idea is unique. Why will people buy it? How is it different from other existing products or services? Marketing: Use this space to describe your marketing strategy. Describe your target customer with as much detail as you know. Who will your customers be? Will you be targeting the local community? Will they be adults, teens, or children? Where will you sell your product or service, online or in person? How will you get the word out about your business? What is the name of your company and what does it say about your business? Finances: Cost per Unit What is the cost of making each product or providing each service. List each expense (including material and labor costs) your business will incur in order to make one unit of your product or service. Finances: Pricing How much will you charge? How does your pricing compare to your competitors? Defend your pricing using your market research. Finances: Profit What will be your profit? How much will you make on each sale after you subtract your expenses? Include your anticipated weekly sales and a sample of your ledger.