How To Build A Booth Rental Salon

The purpose of this report is to conduct a critical appraisal of a published article.

For this task you are required to determine the risk context associated with establishing a new business outlet, within the existing business structure. They will be required to review internal and external environment factors and liaise with all stakeholders to generate a list of risks.

The shop has five (5) barbers. (Ned does not work in the shop and, as owner/entrepreneur, he takes no salary.) Each barber is paid an annual salary of $18,000. All equipment including store fixtures and barbering equipment is leased on an annual basis at $4,500 per year. Building space is leased at the rate of $500 per month (or $6,000 per year). Ned is concerned about the shop’s cost structure and seeks your advice.

$59k, compared to a budget of $83k. YTD non-operating revenue was $693k compared to a budget of $751k.

Ashley’s Accessory Shop started the year with total assets of $140,000 and total liabilities of $80,000. During the year the business recorded $220,000 in revenues, $110,000 in expenses, and dividends of $40,000. The net income reported by Ashley’s Accessory Shop for the year was

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

When thinking about opening a salon you should learn about all the cosmetology schools in your area. In bigger towns and cities there should be a few of them so you should get in contact with all of them. Leaving any of them out might ruin your chance for new employees and business that could expand your salon and spa even more. If you are opening a salon and spa near the school you went to you might already have connections with the teachers and administration there, so it would be a good place to reach out to first. Schools often like it when the salon reaches out to them first because teachers often call multiple salons to find out recent trends and price lists but get no response back. It is always good to keep in contact with all of the instructors from the cosmetology schools just incase they have questions about local

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.

To ensure the success of my proposed solutions, I will also propose and evaluation plan. This plan will evaluate one of my solution above to ensure that it is successful and that it is meeting the intended goals. I have chosen to evaluate the Late Night program. I will use an implementation assessment to evaluate how well this program is implemented. “Conducting an assessment of the program implementation – of program design, delivery, and utilization – is an essential component of developing effective programs” (Twombly, 2017). This is critical to determine if Late Night is reaching its fully potential as well impacting our intended audience. An implementation evaluation is also ideal for new programs being implemented (Twombly, 2017). Below I have listed the three questions that my implementation evaluation seeks to answer, where the data can be collected from, and the standard that must be met in order to consider a successful implementation.

Of particular interest to me was the complicated nature of categorizing and defining self-forgiveness. What seemed to be a simple concept is, in fact, layered with multiple levels of complex considerations that must be addressed in order to properly define and diagram self-forgiveness.

In review of the operating costs, overhead and administration have increased by 8% from 2008-2011 or $116,870. In addition salary dollars continue to increase from 2008-2011 by $111,150 with no efforts to flex. The other expenses are staying steady in proportion to gross revenues. There may be opportunities in these areas however salaries and overhead is the greatest opportunity to scale back costs and contribute to increased net income and ultimately positive cash flows. Flexing salaries and benefit to 44% of gross revenue and reducing overhead and expenses to 10% of gross revenue is recommended for Ms. Ringer to increase net income to $152,956 and equity to $240,214 (exhibit Operating Statements-2012 proforma).

The "Cottage" idea is a reasonable office. Development expenses will rough $130 per square foot. All out advancement expenses will estimate $63,000 per unit- - unit being the quantity of rooms in every office. These advancement expenses will contrast with $150 per square foot and $70,000 to

“Now We Can Begin” an essay by Crystal Eastman is a very powerful essay. Eastman makes the point know in her essay that an honest and true feminist no matter where she stands in the movement she will see to the woman’s fight with strength and courage and how it  matters in the future and as well as its difference in its approach for the workers fight for industrial freedom. Eastman state “In fighting for the right to vote most women have tried to be either non-committal or thoroughly respectable on every other subject. Now they can say what they are really after; and what they are after, in common with all the rest of the struggling world, is freedom”

Ms. Ringer is largely supporting operations through her line of credit versus managing costs. In review of the operating costs, overhead and administration have increased by 8% from 2008-2011 or $116,870. In addition salary dollars continue to increase from 2008-2011 by $111,150 with no efforts to flex. The other expenses are staying steady in proportion to gross revenues. There may be opportunities in these areas however salaries and overhead is the greatest opportunity to scale back costs and contribute to increased net income and ultimately positive cash flows. Flexing salaries and benefit to 44% of gross revenue and reducing overhead and expenses to 10% of gross revenue is recommended for Ms. Ringer to increase net income to $152,956 and equity to $240,214 (exhibit Operating Statements-2012 proforma).

Even though I set up Hair Drama as a booth rental salon, I kept Linda’s Salon business running. I liked working out of my home, and wanted to maximize my income. I didn’t need a commercial setting, operating an established, successful beauty business at home.