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Based upon a Full Service Nail Salon, featuring manicure and pedicure stations, packages and waxing will edit to cover any scenario. The Industry Until recently it used to be that the very wealthy got their nails done and the rest of us did not. Today, free-standing Nail Salons dot the commercial blocks and strip malls of cities throughout the USA. Needless to say this is a very competitive and mature Industry with more than 57,900 Nail Salons currently listed throughout the U.S. as of June 2007. After two years of less than 2% growth following 911 and the recession that followed, the Industry showed solid signs of recovery posting a gain of 4.7% in 2004 as real disposable income peaked and the Economic recovery orchestrated by the Federal Reserve kicked in. In 2005 however higher energy prices, interest rates and natural disasters including hurricane Katrina dug into real disposable income. Higher interest rates reduce borrowing by consumers; higher energy prices reduce the real (inflation adjusted) income of households; and the decline in the growth of housing prices slows the rise in household wealth. The CBO (Congressional Budget Office), expects that over the next year and a half, consumer spending will grow more slowly than in recent years. At the end of 2005 Nails Magazine big book survey and research indicated a 6 % decline for the Industry in gross revenues for 2005 the first drop since the new expansion began in 2001. Contractions within any Industry are not all bad in fact they can be very profitable for operators with an established clientele or new operators who have the understanding and the cash available to weather the storm. Already lower numbers of new nail salons are coming into the market and the Economy will shake the weakest operators out leaving a much more profitable environment for operators who survive. Operators noted at the end of last year that business was better, 71.1% of the operators responding to recent surveys indicated that business had increased over the last year. Note also that real disposable income has been growing steadily for 5 years now with record low unemployment and a much larger U.S. economy. In 2007 and 2008 expectations are for more moderate growth barring any adverse global political problems that could drive the price of oil and gas back up again and also force the Federal Reserve back into raising rates to curb future inflation. Starting a small business is always risky, and the chance of success is slim. According to the U.S. Small Business Administration, over 50% of small businesses fail in the first year and 95% fail within the first five years. Whether you are starting a new Nail Salon, are looking to raise additional capital to expand your currently profitable Salon, or looking to evaluate and value your Salon to sell, current statistics prove that you will do much better with a business plan than without. According to Dunn and Bradstreet the primary reasons for failure vary, but all of the reasons come under the category of poor planning. You are a part of the one of the most competitive Industries in the world. Your management decisions will decide whether your Salon survives or thrives in the face of increased competition. The most important benefit of a business plan is that it sets the stage for the future of your Salon as you want it to be positioned in the marketplace. A business plan will make it easy for your banker/investor to take action as he/she gains insight into the details of your Salon and the goals that you have outlined. Potential investors can review your plan and decide whether or not to make an investment based upon the risk. You will benefit most as you study and gain detailed insight into your own operations. Updating and constantly reviewing your plan will give you more insight as both a manager and decision maker. What are the
benefits of purchasing this QuickPlan® sample "Nail
Salon, Inc." comprehensive business plan package?
The Complete plan consists of hard copy and software files of the following :
Five Year Forecast Matrix (Spreadsheet File); type in your assumptions and all of the following statements are immediately calculated....42 pages; Years 1-5 Month to Month Operating Budgets Years 1-5 Month to Month Income Statements Years 1-5 Month to Month Balance Sheets Years 1-5 Month to Month Cash Flow Analysis Years 1-5 Financial Ratio Analysis Years 1-5 Summary Statements Years 1-5 Month to Month Break Even Analysis Auto Generated Use of Proceeds Statement Starting with the, "before you sit down checklist , you will gather your information together to edit on your word processor. Pull up the Five Year "Big Picture" Nail Salon Financials Excel Work Book and insert the prices for your Nail services, operating expenses and fixed asset purchases that you need to open your doors. Now study your first year Cash Flow Analysis and your year one by month Break Even Analysis to answer the question of how much money you are going to need to get started and stay operational. All five years of financial statements are calculated and ready for printing and insertion into your plan. Once finished , print up your plan and simply place it into the three ring binder indexing it according to the pre-labeled index, included. The cost
of the above information would most likely run between $3,000.00
$5,000.00 if you were to contract a CPA/Business Analyst to write
your plan and would probably not include all the information
that QuickPlan™ offers. Your special price of $195.00 (Plus
shipping and handling) ensures that you will receive all the
information you need to customize your individual plan with software
and indexed hardcopy with binder.
1-800-417-7017 More Detailed Outline; The following is a complete detailed outline of QuickPlan ®NailSalon2007;
Operating Budgets Income Statements Balance Sheets Cash Flow Analysis & Financial Ratio Analysis Break Even Analysis Auto Generated Use of Proceeds Auto Generated Summary Charts
Operating Budgets Income Statements Balance Sheets Cash Flow Analysis
Operating Budgets Income Statements Balance Sheets Cash Flow Analysis & Financial Ratio Analysis Break Even Analysis Auto Generated Use of Proceeds Auto Generated Summary Charts
Operating Budgets Income Statements Balance Sheets Cash Flow Analysis
Operating Budgets Income Statements Balance Sheets Cash Flow Analysis & Financial Ratio Analysis Break Even Analysis Auto Generated Use of Proceeds Auto Generated Summary Charts
Operating Budgets Income Statements Balance Sheets Cash Flow Analysis
Hard copy with professionally printed indexes covering supporting documents for your plan: Advertising Samples Articles of Incorporation Awards Build-out Estimates Collateral Statement Competition Company Financials Demographics Employee Manuals Equipment Estimates Floor Plan Health Department Industry Analysis Insurance Internet Inventory Licenses and Permits Lease Agreement Loan Application Menu Management Resumes Operations Manual Real-Estate Staff Schedule Trade References Vendors Personal Information Make your first impression count and concentrate on getting your Nail Salon open! Order Now Call 1-800-417-7017
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