It's pretty amazing to know that almost all the beauty salons have a very good business these days. The only reason is that people have become extra conscious about their appearance, and are willing to go that extra mile to make themselves more presentable.
Hence, if you have a relevant expertise in this particular field, then you can surely think about getting into it professionally. Though it promises good returns, the competition is pretty tough. You must be prepared with a foolproof beauty salon business plan before you venture into this field.
Executive summary is an abstract of the entire information in your plan. It includes the market analysis, strategies, competition, ideas, etc. Usually, it is short, of about 2 pages. It gives an idea about the entire plan at a single glance. It helps you to understand what the business is all about.
Company description describes the entire functioning of the company. It includes everything about the company, the mission, goals, assets, etc. It also has an information about the start-up ideas and the objectives of the company. It may give a brief introduction of the founder members and the top management personnel.
Market analysis is very important for any venture. It helps you to understand the scope of your work and its position in the market. It deals with the needs of the customers and what they expect from you. It also includes market research about the competitors. Hence, the market analysis should be properly done and expressed in accurate figures.
A good business plan forms the back bone of any business. Even in this case, a sound idea is necessary for the smooth working. You may consult professional services for drafting one, or you may also refer to templates available on the Internet.
It's always a good idea to have a good idea ready before you start any new business, rather than starting it in a hurry and then later have to run around to get it going and profitable.