Jugnu's Salon Essay

It is easy for the new business to enter the industry in terms of cost factor. But when you look at the location advantages Westlake Lanes, it is located close to downtown area and neighborhood. It is also there in the industry for thirty

The franchise marketing is introduced to the business market from quite a long time. It is to be noted that while expanding the business entity over the global competitive market, the local companies sell

There is much to consider when expanding a business. How will you make, market, and distribute your product. Are you willing to take full liability for your product and understanding the legalities of what happens if your product is defective? Once that has been established, it’s important to make sure that your business dealings are in order. The strength of the contract and what all it entails. Knowing that the legal document is important more so when things tend to go downhill. Above all is deciding which type of business entity the company will select especially if the company starts out small and looks to

Targeting the college students who may not have cars and needing the walking distance range, one might wish to include a lounge type area. A lounge would be a place for the students to come and wind down or do homework quietly. As a business the business would require a membership to be able to use the facility however services would be included in the cost of the membership. Also if the students can come and relax and tan, they may also want to get their hair and nails done as well, which can continuity promote the salon in different marketing

Have a short but clear salon procedures manual in place as soon as you can, and give each employee a contract when they start. These documents are usually easy to find on the internet and you can then customize them to your business. It will save you a lot of headaches in the long run if you are set up properly at the beginning.

Growing up in a small town, we have many businesses that spring up just in our community or that branch out into neighboring towns. And just like us,

It can be extremely beneficial to branch out and develop relationships with other businesses. This is a strategy that can be very helpful for both or all of parties involved. Early in life, teachers teach students that teamwork equals success. Those teachers knew what they were talking about. Businesses do not even have to be alike to be able to work together. For example, some restaurants put fresh flowers on the edge of each table to increase the look and feel of the environment. These flowers have to come from somewhere, so why not the local flower shop? This seems like a perfect time to set up an agreement, like food for flowers, so that the flower shop can have free catering for events that they may host, and the restaurant can have fresh flowers that they would not have to pay an arm and leg for each time they needed a new supply. In doing this, both businesses increase efficiency and have extra cash to

Business customers in our target group is small and a large number of small and medium-sized start-ups from across Melbourne and Victoria continue.

Numerous large businesses that are operating today were once started as small businesses. A new business is established to create a good or service that no other businesses have ever created or simply a product of higher quality than existing products, with the purpose of meeting customers’ needs and earning profits. Due to the technological advances at the present time, starting and operating a new business is less laborious. Nevertheless, would-be entrepreneurs should be familiar with the proper approaches to start their businesses.

Through the land building and equipment, which the business lease or rent to other business or the potential customers

It has its advantages and disadvantages to franchise the business. It is a careful decision to make for anyone to invest a lot of money into a franchise and everyone should be comparing pros and cons.

Small businesses are mighty minnows, reflecting the competitive spirit that a market economy needs for efficiency; they provide an outlet for entrepreneurial talents, a wider range of consumer goods and services, a check to monopoly inefficiency a source of innovation, and a seedbed for new industries; they allow an economy to be more adaptable to structural change through continuous initiatives embodying new technologies, skills, processes, or products (Ibielski 1997, p. 1).

Niche markets are an attractive opportunity available to small businesses that are forced to compete against the scale economies that larger competitors are able to achieve (Kotler, 2012). The choice to pursue a niche marketing strategy will not guarantee success, and, similar to any business decision, requires critical assessment. Fenix entrepreneurs had a bold vision of where they wanted the company to go. Utilizing local market, external resources and knowledge gained from working in the manufacturing and retailing industries the company was able to be successful.

Reaching potential and existing customers can be done through various methods including – Social Media, Text Message, Phone, Email, Marketing and Advertising.

‘As a result, expansion can proceed at a much faster pace than would otherwise be possible, enabling the franchisor to achieve increased market share whilst benefiting from economies of scale.’ (http://www.butterfield.co.za) Finally, franchisors can benefit from the cultural knowledge and know-how of local managers. This can be helpful in lowering the risk of business failure in unfamiliar markets, as well as creating a competitive advantage. Franchising offers franchisees the advantage of starting up a new business quickly based on a proven trademark and way of doing business, as opposed to building a new business from scratch. The franchised business is based on a proven idea and has an existing customer base, therefore making it much easier to sell your product than it would if you were to start up your own business.