Hair Connections: Cultural Influences
Influences
Two relevant and important influences that relate to opening “Hair Connections” are the personal qualities of the sole trader who intends to operate the business and also the ability to source relevant information from appropriate departments to assist in the business establishment in areas where the business owner may not possess all of the relevant expertise.
Personal Qualities
A business owner must recognize their strengths and weaknesses to determine whether they possess the required qualities needed to establish and run a business to minimize the risk of the business failing. Some of the personal qualities a business owner should have to assist in establishing and running a successful hair salon would be:
• to hold a Certificate …show more content…
Assistance in various areas can be obtained through government agencies such as TAFE colleges (for training), solicitors (for legal advice), accountants (for financial advice), bank managers (for finance and banking), trade associations, small business associations and marketing companies.
Vision/ Goals
Vision
Hair Connections’ goal is to exceed customer’s expectations with a variety of hair care services with a mission to provide the highest level of customer service at a reasonable price to clients, developing long lasting relationships by providing personal and professional expertise.
Goals
Financial
1. To maximize the level of profit
2. To increase market share within the area
3. To grow the business and expand
Social
1. For the business to financially support local community and sporting events
2. To adopt and implement business policies to ensure employees and clients are treated fairly …show more content…
The reasons for this choice of location are:
• Easily accessible for regular clientele
• Close to public transport
• Located in a busy shopping district to attract and maximize new/walk-in clients
Target Market
Age: All ages
Gender: Females and Males
Social Class: Middle class
Income: Prices are reasonable and avoidable to people from all income levels
Finance – Startup Costs
Finance – Break-even
Two relevant and important influences that relate to opening “Hair Connections” are the personal qualities of the sole trader who intends to operate the business and also the ability to source relevant information from appropriate departments to assist in the business establishment in areas where the business owner may not possess all of the relevant expertise.
Personal Qualities
A business owner must recognize their strengths and weaknesses to determine whether they possess the required qualities needed to establish and run a business to minimize the risk of the business failing. Some of the personal qualities a business owner should have to assist in establishing and running a successful hair salon would be:
• to hold a Certificate …show more content…
Assistance in various areas can be obtained through government agencies such as TAFE colleges (for training), solicitors (for legal advice), accountants (for financial advice), bank managers (for finance and banking), trade associations, small business associations and marketing companies.
Vision/ Goals
Vision
Hair Connections’ goal is to exceed customer’s expectations with a variety of hair care services with a mission to provide the highest level of customer service at a reasonable price to clients, developing long lasting relationships by providing personal and professional expertise.
Goals
Financial
1. To maximize the level of profit
2. To increase market share within the area
3. To grow the business and expand
Social
1. For the business to financially support local community and sporting events
2. To adopt and implement business policies to ensure employees and clients are treated fairly …show more content…
The reasons for this choice of location are:
• Easily accessible for regular clientele
• Close to public transport
• Located in a busy shopping district to attract and maximize new/walk-in clients
Target Market
Age: All ages
Gender: Females and Males
Social Class: Middle class
Income: Prices are reasonable and avoidable to people from all income levels
Finance – Startup Costs
Finance – Break-even