...MAN CAVE BARBER SHOP SAMUEL TATE DR. MARLA BOULTER SMALL BUSINESS MANAGEMENT February 2, 2014 Mission Statement The Man Cave barber shop is a barber shop that will provide men with a masculine and therapeutic environment while experiencing the best grooming care there is to offer. Men will experience the leisure and relaxation services that we provide. Our goal is to become a profitable business by providing our clients in the community with a place where they can refresh their minds and bodies while networking with colleagues and friends. Company Strengths and Weaknesses Strengths • Customer service • Certified personnel • Stress free environment Weaknesses • Limited work space • Overbookings Services The man cave barber shop will provide leisure’s that you don’t see in most traditional barber shops. The shop will provide massages, manicures, pedicures, and there will be two lounge areas adjacent to the service areas where clients can partake in coffee, reading, surfing the web with free internet connection in one lounge, or playing pool, and watching television in the other lounge until called for. Analyzing Competition In this type of business there is always competition from other salons and barber shops. Most barber shops or salons in the vicinity don’t offer the services that we provide. This gives us a competitive advantage in the marketplace...
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...usually goes to Ruposhi Bangla Unisex hair salon to cut hair and it is also my personal barber. 2) Why did you choose it for the study? I have choose to study this place because it deals with immigrants who are from many different cultures, such as, Pakistan, Indian, and Bengali, who works together to serve the Jackson Heights community, which is full of immigrant . The Jackson heights community is culturally diverse and has many different race, such as Hispanic, Indian, Bengali and Asian. So I thought it would very interesting to find out how does these people from different race and cultures come across each other’s and I also live there. 3) What do you want to learn from this project? I want to learn how different cultural people interact with each other in Jackson height community, and how do they behave toward each other’s, are they racist, are they friendly, do they respect each other’s cultural norms, values, and how do the Barbers communicate, are they only good with their own kind of people or do they treat everybody the same. 4) Do these questions relate to any themes or key concepts discussed in class? If so, which ones and how? These question relates to the theme of globalization where the owner of the store, migrated from Bangladesh to USA for a better life. There is also uneven development, between the owner and the barbers, rapid change overtime, where the barbers learn how to cut all types of haircut, flexible accumulation, and time space, where they...
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...tend to attract those who are very outgoing, authoritative, and fashion forward. The target social class is the upper middle class. Because the straight razor is such an old fashioned style of shaving there are very little substitutes in its niche market. Proctor and Gamble owns 80% of the much larger undifferentiated market with the brand name Gillette. Currently, The Art of Shaving is positioning itself to deliver upscale shaving products at nearly the most expensive prices. Due to the current marketing strategy and the current primary target group the buyers tend to be very complex, choose the higher end razors, and become infrequent buyers due to the length of time a straight razor lasts. They offer a Royal Shave service from master barbers in order to make recommendations and allow consumers to test their products. The straight razor overall is a much better product when compared to substitutes like the cartridge razor. With the straight razor you tend to get a much higher quality product and greatly reduce razor bumps and burns while allowing the skin to stay smooth and healthy. The Art of shaving also does a very good job of creating a brotherhood around others who choose to go with a good old fashion single blade shaver rather than modern multi blade shavers. The largest competitor in the current market space would be a company by the name of Boker which offers much higher priced...
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... there is always job security in barbering as well. In order to become the possible barber in this professional world, you must go through the proper steps and processes that it takes all barbers. A barber position requires licensure that depends on a particular training program. Potential barbers must graduate from a state-approved barbering school. Some colleges and universities throughout the country offer associate's degree or certificate programs for those who wish to further their education. These qualifications vary by state. For example, some states require...
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...ENTREPRENEURSHIP CASE STUDY Faculty of Business and Information TechnologyinBusiness ManagementTHE HEAD SHOPPE |...
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...Description of the system and its operation: A barber shop opens from 9am to 5pm every day for six days a week. The shop has two barbers and one receptionist. Customers arrive randomly. When a customer arrives, he needs to first register with the receptionist and the receptionist helps him to put on a special gown to protect his own clothes from hair. The process for registration and putting on the gown together takes a short fixed time. There are totally 10 gowns available in the shop. If the receptionist is busy or there is no gown available when a customer comes in, the customer needs to wait. After putting on the gown, the customer may need to wait for a barber to cut his hair. The time spent on the haircut for each customer follows a normal distribution depending on the barber serving him. After the hair cut for a customer, the barber uses an air blower to clean up the hair fallen on the customer’s neck and shoulders. There is only one air blower in the shop. So the barber and the customer have to wait if the air blower is used by another barber. When a customer finishes his hair cut and cleaning, he needs to find the receptionist for payment and returning the gown. The process for payment and returning the gown together takes a short fixed time. After this the customer leaves the barber shop. The Two Options: Option 1: After registration and putting on their gowns, all customers wait in one queue for haircut. Once any barber becomes free, the first customer in the queue...
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...Staffing is one of the most important things that an organization can do to bring success to the company. Without experienced manpower there are no completed tasks, or quality customer service. If a company hopes to hire qualified individuals, they must be aggressive, and plan a head in order to know the staffing needs of the organization. This paper will outline an effective and efficient staffing plan for Haircutters Barber Shop, including how to determine the numbers of barbers and beauticians to hire and a recruitment strategy to ensure appropriate candidates are hired. Recruiting in all industries is a numbers game as well as a game of networking and relationships. It is a dynamic and on-going process that must constantly be monitored and evaluated for its strengths and weaknesses (Cowan, 1992). Industry standards estimate that one needs to interview over 20 candidates to hire one employee (Cowan, 1992). Due to attrition and employee failure, a company must recruit at least 30 percent of the total number of existing employees every year to achieve an overall growth of 10 percent (Cowan, 1992). To use this formula as a basis for goal-setting, it is important to analyze the previous years' goals and results. If the goals were met or if they failed to achieve the objectives, it is crucial to examine the factors that came into play, whether they were economic trends or internal issues. This information should provide a solid plan to identify the most successful methods to seek...
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...margin per unit by the sale price per unit. The formula is: $11.60 / $12.00 = 0.9996. The Annual Break Even Point, in the number of haircuts will be 10,345 haircuts. To arrive at this total, we must first determine the fix cost of the operation. In this case the fix cost is the annual salary of the five barbers and the annual rent of the business (Wild $ Shaw, 2012). The salary of the barbers is $9.90 an hour, times 40 hours a week, times 50 weeks a year, equaling $99,000 annually. The rent is $1750 a month, time 12 months, equaling $21,000 annually. The formula for fix cost is: $99,000 + $21,000 = $120,000. To get the annual break-even point we must divide the fix cost by the contribution margin (Wild & Shaw, 2012). The formula will be $120,000 / $11.60 = 10,345 cuts. The operating income for the barber shop if 20,000 haircuts are performed will be $112,000. The operating income is the gross profit of the barber shop minus the operating expenses of the barber shop. We already know that operating expenses of the barber shop is the barber’s salary plus the shop rent ($120,000). This is also known as the fix cost (Wild & Shaw, 2012). The gross profit of the barber shop is the number of heads cut (20,000), times the contribution margin ($11.60). The formula is: 20,000 x...
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...Assignment 1: To Build or Buy Student Professor: Business 402- Small Business Management February 1, 2014 The small business that I chose to compete with is a barber shop that I frequently visit. This barber shop is located in the small town of Charles Town, WV. This Business is called Sharp Cutz Barber Shop. Sharp Cutz is surrounded by several different types of businesses such as schools, grocery, and retail stores. Sharp Cutz was owned by a different barber previously, but the owner moved to a different part of the State to resume his business. Sharp Cutz is owned and operated by a single individual and offers competitive prices when compared to similar businesses in the area. Business at Sharp Cutz is good. The Business is making a profit of 2,000 dollars a month on average after expenses. I feel that the business could generate at least double of what it is currently making if the owner incorporated advertising and other marketing strategies to promote his business. Sharp Cutz gets most of its business through word of mouth, which is great for the business. Sharp Cutz serves all cultural groups and provides quality services such as haircuts, shape ups, beard trims, mustache trims, and razor shaving. Also the company is advertising for a hair stylist to serve women of all ethnic groups to expand its business. From my point of view; from being a long term customer, these are some of the issues and dissatisfactions that I have had with the business...
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...Name: Marquis John Candidate #: School: Speyside High School Name of Subject: Principle of Business Centre #: 160551 Territory: Trinidad and Tobago Date Submitted: Title: Establishing a Business (Production) DESCRIPTION OF THE BUSINESS Mission Statement At Signature Cuts Barber Shop our mission is to provide a quality service while successfully satisfying the needs of our clients. In an effort to obtain and maintain a satisfied clientele, we offer a variety of products and services. As a leader in the Scarborough area, we will continue to support the community and our youth through our constant involvement, as well as our various self enhancement seminars and scholarship funds. Through continued teamwork and positive relationships with our clients, we are committed to professional haircutting and quality service. The name of this business will be Signature Cuts. This will be a sole trader business. The owner’s name will be Mr. Marquis John. The purpose of this business will be to provide barbering services to customers. The objectives of this business will be to earn income, provide an essential service and employment. E.g. of haircuts (Mohawks, Taper fades, plaits {Men and women} or any haircut that a...
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...creating will be a hair show. The hair show will display the different types of styles that I have learned to create and I will also have different stylists from shops showing off their styles and skills also. The hair show will include a DJ who will be in charge of the music that will be playing as the models walk down the run way. I had decided to add other stylists from salons and barber shops to the hair show to show the residents of Vicksburg, MS all the talent they have in their community. The product is an outgrowth of the research paper because it takes all the steps that are written and put them into visual. This means that one can see not only did I learn the steps in writing, but I also did the steps first on a mannequin’s head then a real person’s head to show that I have mastered that skill. This product conveys a sense of completeness of Advanced Seminar because it shows the skills that I have learned along the way, and now I know many new and different hair styles to do on a person’s head other than the few ones I did know. We have a total of six hair stylists and five barbers who will be including their models. I have completed buying all the decoration and everything else to have the hair show. At this point, all I need to do to complete the product is host the show that will take place March 15, 2013 in Vicksburg,...
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...Entrepreneur Business Plan Assignment ACC 557 November 16, 2014 \ Abstract People in America are creative, ambitious, and industrious. Many people are not content with just a single paycheck from week to week. Always looking for alternative ways to be productive and earn more income, I have thought about starting my own business. From my experience a small business is started from a person’s hobbies or it involves the person’s interests. Today’s marking techniques makes it easier for an entrepreneur to buy and sell their products and services worldwide. Having an easier way to buy and sell your products gives the entrepreneur a chance to perfect their craft more. Spending less time trying to sell a product gives an entrepreneur or a small business owner to work on a new product. In this paper I will discuss the details about the small business I would like to open one day soon. We will discuss my business plan in detail, including the financial report, and how to implement this plan to start my own business. Discussing the reasons why as entrepreneur, I would choose to use GAAP over IFRS, are also included in this paper. A sample chart of my account statement for my business is included as well. BUSINESS PLAN Many people in America are creative, ambitious, and industrious; always looking for other ways to make income. Because I am just like most Americans I decided to start my own hair dresser type of business. From my experience a business is started...
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...Zekirja Bela Bus 110 BE1 MW 7:30-9pm Prof Ms.Apo 5/16/2012 Elégance Barber Shop & Spa Club Table of Contents 1. Cover Page – Elegance Barber Shop & Spa Club 2. Table of Contents 3. The Executive Summary PG 1 4. Business Description PG 2 5. Personal SWOT analysis PG 3 6. Market Strategy Analysis PG 4 7. Industry Analysis PG 5 8. Business SWOT PG 6 9. Target Market PG 7 10. New Products PG 8 11. Marketing Mix PG 9 12. Organization and management PG 10 13. Financial plan PG 11 14. Conclusion PG 12 15. Bibliography The Executive Summary The plan of my business is to attract hard working business men in the Wall Street area that will come into our location and have a comfortable, relaxing zone and go to work less stressful. My business will have custom made products for everyday use or special events. This is product will be certain type of gels for different events and some you can daily basis My strength will be our staff and products, which will boost our customer loyalties. The reason this business will grow is because our location and target is a perfect combination. There are not too many barber shops and spas in the area that will attract white collar people. My advantage is also white collar people are willing to spend money because of their high income. The main picture of our company will create revenue mostly in the clients who are into our products and mostly or services. Each employee...
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...Hairdressing can accent good features and hide bad ones, or draw attention away from undesirable characteristics. It provides attractive, easy-to-manage hairstyles that meet the needs and desires of the people who wear them. Hair is the most easily changed physical feature of the human body. Since prehistoric times, people have cut, braided, and dyed their hair and changed it in other ways as well. Professional hairdressers first became common during the 1700's. Today, most women and men depend on hairdressers for such services as cutting, coloring, straightening, and permanent waving. Hairdressers are also known as beauticians, beauty operators, cosmetologists, and hair stylists. Some other names that hairdressers use are: hair color technician, barber apprentice, hairdresser apprentice, wig stylist, hair stylist A high school student who wishes to become a hairdresser should study a broad range of subjects, including the arts, biology, and psychology. Courses in the arts help develop creativity and artistic ability. Biology courses aid in understanding the structure and growth of the hair. Knowledge of psychology helps in dealing with people. A student may attend a professional hairdressing school or serve an apprenticeship under an established hairdresser. Most European hairdressers serve an apprenticeship. In Canada, most students take a 6- or 12-month...
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...Staffing Plan Paper Staffing is one of the most important things that an organization can do to bring success to the company. Without experienced manpower there are no completed tasks, or quality customer service. If a company hopes to hire qualified individuals, they must be aggressive, and plan a head in order to know the staffing needs of the organization. This paper will outline an effective and efficient staffing plan for Haircutters Barber Shop, including how to determine the numbers of barbers and beauticians to hire and a recruitment strategy to ensure appropriate candidates are hired. Recruiting in all industries is a numbers game as well as a game of networking and relationships. It is a dynamic and on-going process that must constantly be monitored and evaluated for its strengths and weaknesses (Cowan, 1992). Industry standards estimate that one needs to interview over 20 candidates to hire one employee (Cowan, 1992). Due to attrition and employee failure, a company must recruit at least 30 percent of the total number of existing employees every year to achieve an overall growth of 10 percent (Cowan, 1992). To use this formula as a basis for goal-setting, it is important to analyze the previous years' goals and results. If the goals were met or if they failed to achieve the objectives, it is crucial to examine the factors that came into play, whether they were economic trends or internal issues. This information should provide a solid plan to identify the most...
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