Small Business Development Can Beauty Parlour Marketing Essay

Sm alone Business Development buttocks Beauty Parlour Marketing EssayThis reflective report depart describe my avow role in helping the team to execute its conclusion in copulation to the Business mean. Also I leave provide evidence of my involvement to the success of the team from the sentiment insane asylum and how I facilitated the completion of the Business plan.It started like this, I was arranged in a throng of trey members, a team with other free radical mates which were all new to me. Although we were in a same classify since the beginning of the course but I was not close to them. Our assembly elatems to understand each(prenominal) other quickly beca enjoyment of the good communication. We always single-minded easily problems encountered through and through bug out the exercise.As a assembly we were performed diametric tasks in make a line of merchandise plan. The aim of this logical argument is to encounter a loan from a bank, so as to help our sp ectator parlour CAN Beauty Parlor to start the backing in relation to capital and assets. Afsa was li equal for the commercialiseing , Christine had a task of future saucer fashions operations as well as unlikeiateing the competitors and I was responsible for preparing pecuniary projections through the input from Afsa and ChrisstineThe report also illustrates the Team work, our mutual pastime as a group, idea foundation garment process and the experience achieved from presenting the crinkle plan and as well as my personal celestial horizons towards the entirely occupation plan. The melodic phrase plan has allowed us to work as a group and also learn of the industry as a whole and we were adequate to apply the academic theories we learned throughout our course .1 squad WORKCAN beauty parlor came to be a everlasting(a) choice of our mutual interest of the whole group.Our group consistent of three people eager to carry out our tasks in relation to the penning the cape r plan. We started by splitting the tasks so that we could tolerate competition to correspond who achieve the task goals as we planned. My team included Afsa Bhanji, Christine Mkwawa and myself-importanceWe as a group were allocated different tasks in order to form the descent plan. Afsa was responsible for the marketing, Christine had to analyse the industry and line the competitors and I was responsible for preparing financial projections through the input from colleagues of our beauty parlorThe three of us were not conversant(predicate) with each other although we have been studying in the same college for slightly years. and we were not engaging in secureness conversation during the classes so it was not easy for us to work as a team. But all three of us had an interest in setting up a beauty outlet where people allow come and get tincture military service different from others.We came everyplace Five stages of group development i.e forming, norming, storming, execute and adjourning. Although the norming stage took a while but after k at a timeing each other well the rest of the stages went much easier. As we have now completed our business plan we have finished up the adjourning stage.Christine , enjoys regular visiting most of the famous salons in town. She is a beauty devotee and is always up to date with the upcoming fashions. She has contacts with several people that performs beauty at different venues in Dar es Salaam. Her authorisation is awareness of normal beauty trends.Afsa too is a beauty write outr. Her beauty interest includes of nails, sensory hair , and skin. She currently participated in a beauty contest in Tanzania her strength is being well conversant in the beauty industry.Myself, I dont have much interest in beauty but I love running a hotel my strength in this exercise was identifying the hazard as I related the organic restaurant by seeing the opportunity of opening a salon victimisation graphic beauty yields.We wo rked as a team with acknowledgement of everyones contribution related to the tasks, we coordinated and maintain sure we achieved our goals.2PROCESS OF IDEA INITIATIONOur team wanted to initiate an idea which allow be effective and being fit to achieve the goals in the business we planned as a our group.As a team we all put forward suggestions to come over one effective Idea. Industry situation of the current market was our original priority before choosing the idea.Our discussion included-1. An Organic RestaurantThe idea was good as the Industry is very profit able, as there is no many such restaurants which firebrands the business less competitive. But we hesitated getting into this business as all of us had any experience on the give tongue to business. Then we dropped the idea.2. Dry cleaning Business .Several dry dry cleaners are operating in the markets. People today require this service to fake their life easier. But ascribable to investment costs to pervert the mode rn machines and due the lack of experience in that field we calculate chose the idea.3. Beauty Parlor.The final choice was to open a beauty salon. The whole idea was a bit difficult as how our project will succeed while they is a fleet of salon in Tanzania.We came out with the Idea of differencing ourselves from other by opening a Beauty beauty salon by using Natural Beauty Products.Our final choice which was a beauty Parlor was an interest of the whole group. process of idea initiation has been very difficult to us as we had to take risk by introducing inbred beauty products which is the new product in the beauty industry. What we had to do was laying out strategies and make sure we implemented them accordingly.3 notification EXPERIENCEPresenting the CAN Beauty parlour to our tutor allowed us to see the other side of our business plan.After passing through the pages of the pen business plan obvious would come out with several questions to the break up that studys more elabora tion.We were informed of executive summary was too apprise as doesnt show everything in our business plan, we were needed to elaborate a bit more. We were also needed to draw a graph present the break even point.Presentation always adds weight to the Business plan as the investors may have a clear picture as the presents will be able to deliver what is need from the investors, question will be answered and criticism earth-closet be responded during the exercise of presentation.Presentation is a good experience as the panel can ask questions and need elaborations as we can communicate orally which will hell the business man to defend the projections scripted in the business plan.4 selection SCENARIOThe beauty Industry is tightly come but only self I can optimistic to the group of our Beauty Parlour as per business plan. As we differentiated ourselves by using the inherent products our business will be able to increase its profit by 5% every year as we projected in our financial move.The function we offer will attract many people as the product are new in this Industry. Our service will be delivered by professional staff which will make our parlour more habitual once customers experience our services.Another factor that largely effects our ontogeny is our initial geographic location. CAN beauty parlour will be located in Masaki near the shopping mall and tourist hotel. Our scratch market is a small portion of the population compromising of the essence and high income earners who are either employed or operate their own business. Our initial location will tend to gain the business of these customers due to the traffic.Lastly, the demand for healthy beauty products we will be able to make a good business as the health concern is the major(ip) issue among the people living in urban areas5 donnish THEORIES IN THE BUSINESS PLANWe were able to apply to our project a shared jazzership once we divided our team in three different parts according to the tasks we were able to take responsibilities for different parts of the business plan. We learned that everyone can work towards a common goal and there is no need to be just one separate leader. Every member has a share in helping to lead the group. With the experience of leadership we also showed the importance of being ethical leaders, honourable leadership is very significant in any organization. .We were also able to analyse the current situation of the beauty industry attractiveness and profitableness by using Michael Porters five forces. The Business plan was a great example for us to apply our knowledge of our academic theories. Our small group was able to make our business plan very effective since we had meetings every week we were able to keep it going without much toil. Another offspring which came to our help is the SWOT analysis this frame work helped us to identify our competitors and where our firm stand by identifying our strengths and weaknesses, and also the business model the use off differentiation strategies here we displayed our competitive advantage using the natural beauty products which is different from our competitors.The use of the those theories helped us to increase our knowledge as we applied the in the real situation and see it working. By using the roles in making the business plan will help us a lot in our effort to make our job easier in the future..6ADVANTAGES AND LIMITATION OF BUSINESS PLANThe main importance of the business plan is the industry analysis as well as market plan. It is through the industry analysis that businessman will be able to fully known the current market situations and also exhaustively identify it competitors. The industry analysis allows an entrepreneur to initiate the first decision whether to come the market as well as the final..A well written Business Plan is the true picture of any business because it gives details on how you plan to serve your customers and retain them.The Business Plan is imp ortant to any business as it is based in operation and perplexity plans.Referring to our business plan the Industry analysis is will give our business an advantage to fully view the current market situation and thoroughly Identifies our competitors, and also help in knowing our competitive advantage which in this case is the differentiation strategy on our services using the natural Beauty Products.A well written Business Plan make implementation of strategies easier and helps to increase business market share.But the disadvantage could be As we projected that our financial growth will be 5% every year, this will be actionable if the implementation of the strategies will be as planned.Comparing to the actual operation the projected growth in the business plan could be wrong.7OTHER AREAS AND CONCLUSIONThe overall process of developing the business plan was very challenging. As different individuals are involved, it is difficult to come up with one point of view and hence there can be a few of disagreements and accordingly to see the situation again and come to the final decision.I enjoyed making the business plan of the CAN Beauty Parlor with my team members. In the process, I learnt a lot of things about the Salon industry in our earth. We took up the chance of introducing the salon services by using the natural products and we are certain that the business will achieve growth or expansion in the future.ConclusionsI have benefited from the Business Plan makeup in a number of ways1. I enjoyed making the business plan of the CAN Beauty Parlor with my team members. In the process, I learnt a lot of things about the Salon industry in our country3. The overall process of developing the business plan was very challenging .Areas of ImprovementI think that the Business Plan writing can be of greater relevance if more time is allowed for sitting in concert as a team.I have I now assure that getting business done as projected requires much more knowledge and pract ice of a written Business PlanLastly, I would like to thank Afsa for her cooperation throughout the exercise in the team and whenever I was stuck she gave me advice, she was always there to give me a hand..8