Essay on Barbers Business Plan - 1131 Words

CB612: New Enterprise Startup CB612: New Enterprise Startup Business Plan of Top Class Cuts Business Plan of Top Class Cuts Contents Executive summary 2 Geography Location 2 Finance 3 Introduction 4 The business concept and the business model 5 Legal Form 5 Mission, aims and objectives 5 Marketing plan 6 Primary Market Research 6 Secondary Market Research 8 The 4p’s 9 Product 9 Price 9 Promotion 9 Finance plan 11 Key risk factors 12 Concluding summary and re-affirmation of commitment to the business 13 Executive summary The business proposed is a barbershop, offering a haircutting service for males and young boys. The trading status of this business will be a sole trader. The service provided†¦show more content†¦Please tick your answer to the following questions: Do you think a barbershop should offer a free Wi-Fi connection for customers to use whiles they wait for their hair cut? YES NO Do you think a barbershop should sell soft drinks and food aimed at their target market (e.g. traditional African and Caribbean dishes)? YES NO Would you say the following prices are fair? (On a scale of 1 to 7, 1 being strongly agrees and 7 being strongly disagree)? Men haircut -  £5, (Children under 16)  £4, Shape-up  £3 amp; wash and cut-  £10.00 1. 2. 3. 4. 5. 6. 7. Secondary Market Research Secondary market research is the gathering of information about customers and competitors from already published data from already published data such as government statistics. My plan for this research is I’ll find the ethnic profile of Enfield, which is the operational base for the proposed business. This information will be useful because it shows that my target market is present and available in the Enfield area. (need to come back) The 4p’s Product The service I am offering is a haircut. I’ll also sell soft drinks and food aimed at my target market, which is traditional African and Caribbean dishes. I also believe these are my USP’s (Unique Selling Point). Price There are many types of pricing strategies I could use for the pricing of services and products I’m offering. ExamplesShow MoreRelatedA Research Report On The Company1144 Words   |  5 PagesIntrapreneurship Plan In general, I learned in my research that intrapreneurship has being around for decades and it will continue to be one of today’s companies best profit investment because of its successful track record and the fact that intrapreneurship works and it benefits the company and the employee. 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