• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Consider the factors most likely to lead to success when starting a new hairdressers.

Extracts from this document...


Consider the factors most likely to lead to success when starting a new hairdressers. When starting a small business of your own such as a hairdressers or a corner shop, many things must be taken into consideration in order to make your business venture a success. Firstly the business idea must be planned through on paper in order to get the idea clear in the mind of the owner/s. Without proper planning the business is already more likely to fail as a business plan shows things such as the basic idea, marketing plans, any problems and the finance needed to start-up. A business plan is essential to present to a bank in order to get a loan for set-up costs. A good location for a new business is almost as important as having a good idea in the first place. If your new hairdresser's shop is located too near to an already established hairdressers then the competition may be too much for your business to handle and therefore it will fail. ...read more.


Trained staff can help to sort out the above problem. Even if you yourself have no prior knowledge of cutting hair then employing people who do can help to make this no problem. However, with a new business, especially a small hairdresser's shop, the chances are that employing more than 2 people at first wouldn't be a plausible idea, as it would cost too much with no profits coming in at first, therefore the business is likely to fail. As a result the staff you would employ must be trained already in order to cut down on the cost of training new people. Market Segmentation can be useful to a new business by identifying their target consumer and helping to recognise a niche in the market. A customer profile is useful to have when deciding things such as prices and other services. For example a niche in the market may be older women, a hairdresser's that caters for older ladies at a reduced rate may be supplying a niche market and could generate business that may not have been addressed before. ...read more.


Creating lower overheads in the first few months of opening a hairdresser's shop could also be a factor leading to the success of the business. This is because less of the profits are taken up with running costs, and therefore the business is more likely to be able to pay back any loans from banks. With the business able to keep up any repayments on money owed, it is less likely to go into debt and therefore is more likely to survive. A very easy way of lowering overheads is to do most of the work yourself in the first instance and employ no others. This way overheads are greatly reduced by not having to pay other's wages, also you would be prepared to take lower wages yourself during the set-up period. In conclusion the factors most likely to lead to the success of a new hairdresser's shop are things such as the location, prior knowledge of the industry and hairdressing skills, promotion, product differentiation and gaining an advantage over competitors. If all these are achieved then the business should be a success. ?? ?? ?? ?? Page 1 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level ICT in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level ICT in Business essays

  1. Starting a new business - marketing

    No alternative sources. Completed in further extension lessons before the deadline date. 1. Introduction 1.1 Marketing Definition It is very difficult to find an exact definition for marketing that everyone agrees with. The Collins Gem English dictionary defines it as the, "Part of a business that controls the way that goods or services are sold".

  2. Business Idea

    bars, thank you for taking time out to fill in this questionnaire to help make your experience of this company as entertaining as you want it to be. If you leave your name and address where stated at the top of the page, you will be entered into our free

  1. My business idea is to open a fish and chip shop.

    My business will be on the main road that has a station and various buses passing through the area that means there is a good transportation system and easy access for my customers. There is also a video rental shop next to my location and that will benefit me as people who hire videos normally buy hot food also.

  2. Business Venture - Dance Club

    Viability Statement: My business idea is to open a dance club that will be a place that people would prefer to go and to have once good night out while dancing in the techno/house /progressive rhythm. My vision is to provide good techno/house/ progressive dance music in the club, which will be based on Leicester Sq.

  1. I am opening a new shop in my local area; this shop is going ...

    Surveys can ask questions using postal surveys, telephone surveys, personal interviews and questionnaires. These will all give you the information you need (but only if you ask the right questions). Secondary/desk research: This is second hand data which can be collected within the business or from outside the business.

  2. The present success of the travel industry has been greatly influenced by the advent ...

    Information that is collected by this department is communicated to the other various departments. The customer's needs and requirements are recorded by this department and is then passed on to the respective departments, for e.g. if a customer wishes to purchase an airline ticket, he will address this to the

  1. Should A.W. Thompson accept a new order when operating at full capacity?

    Field research however will involve collecting primary data i.e. data that will have to be gathered in the process of the investigation. An example would be the information gathered during the interview with the owner. Possible forms of research are as follows: 5.2 Primary Research Questionnaire A questionnaire could be used to gather primary information from possible markets to assess their interest in A.W.

  2. A proposal to modify "Exercisco Fitness Club" in Pokfulam, the location has been proposed ...

    file is labeled with the member's Last Name then First Name the staff then give the member a card which they write their name and membership number. After the customer has become and member and wants to take the fitness course which are supplied, they have to fill in the

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work