Business Model: Mobile Salon
The main objective in relation to the execution of this research exercise is the formation of a mobile hair and beauty salon. The main reason behind this idea is an encounter I would never forget. I had to attend to a special function in the office thus the need to have my hair done. Since I was tired, I decided to have a rest on my couch for about ten minutes. This proved to be costly since I managed to wake up at 9:00 PM. The salons had been closed until 10.00am the following morning thus lack of an opportunity to have my hair done. I thought about an effective and efficient approach to offer valuable solution for women in the similar situation. According to examination by Schaper et al., numerous business ideas emanate from personal experiences or problems.
Critical examination of the research activities indicate that numerous women in the society suffer from lack of sufficient time to make their hair. Most individuals also do not like the smell of the salon. This is because of the essence of numerous activities in the context of the salons as different consumers visit with diverse needs and preferences. Mobile salon proves to be an effective and efficient approach towards minimization of the problems facing women while visiting salons to have their hair done. This is because of the opportunity to clients to have their hair done comfortably at their residential homes (Rooney 2012, p. 42).
The business entity will focus on the combination of hairdressing and beauty therapy with the aim of maximizing available opportunities. It is critical to note that individuals want to buy more than they available products in the market do. According to Clawson, in order to enhance the growth and development of the business entity, it is ideal to add new products and services. The opportunity for the Mobile Salon will offer hair vitamins therapy for the aging population and young men without the courage to seek therapies in the context of physical stores. This is essential and beneficial because of the opportunity for the consumers to enjoy these services at the comfort of their homes. This is an indication that business will have long-term consumers thus stability with reference to profitability levels of the organization towards the achievement of the goals and objectives. The organization will practice diversity in the future with the aim of increasing its revenues and profits through involvement in weddings and occasions. The business will introduce aspects such as hair cuts for women and gents thus an opportunity for the maximization of the available products and services for the increment of revenues and profit levels. In Australia, most salons deal with consumers visiting the store thus limitation of the provision of services to the customers. Introduction of mobile salon in the context of Australia will enhance maximization of the opportunities in relation to tapping the untapped market with reference to service and product delivery at residential homes.
The most important consideration of the business plan is to earn a profit while minimizing costs of operation. In the calculation of the profits, total expenses are deducted from total revenues thus implementation of three levels of profits: gross profit, operating profit, and net profit. Net profit refers revenues less costs of operations including taxes and financial costs such as interests. Gross profit refers to total revenues less cost of sales within the stated period. Operating profit refers to total revenues less cost of sales and fixed costs.
It is essential to note that organizations have the ability to attain competitive advantage with implementation of core competencies. According to analysis by Hanson et al., resources are vital in the achievement of competitive advantage thus enhancing the performance of the organization within the market and industry of operation. Mobile Salon will achieve competitive advantage through its unique and implementation of valuable core competencies.
Operations & Productions
Production and operations management focuses on the transformation of the production and operational inputs into production of output distributed with the aim of addressing the needs and preferences of the consumers (Mokhtari et al. 2012, p. 5378). The main objective of the mobile salon is to focus on addressing the needs and preferences of the consumers thus an opportunity for maximization of the inputs into production of valuable products and services. This is critical in offering services to the consumers at their homes thus minimization of various problems and negative implications of salons in the context of Australia. Operations and production management focuses on three critical stages: inputs, transformation process, and inputs. This process is normally referred to as the conversion process or production process...
Also, it is worth mentioning that the salon can rely on a good balance between quality of services and prices. Operations The new salon's website must provide full information on the company's products, services, and prices. The working schedule and contact options must be very easy to find. The company must employ e website operator that handles orders. Also, the salon's promotions must be clearly stated on the web site. Financial statements Sales Expenses Net
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