Business Plan for Herbal Beauty Salon

Business plan

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
BUSINESS PLAN...........................................................................................................................3
Overview of the proposed new business idea..............................................................................3
Evaluation of external environment of the business....................................................................3
Competition and competitive advantage......................................................................................5
Proposed target market................................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
It is very essential for every business organization to carry out the market research in
regard to introducing the new product in the market. The market research helps in providing
relevant and useful business and market related information so that a business organization can
effectively implement the right strategy in order to attain its desired aims and objective. The
formulation of the business plan provides assistance to the businesses in respect to the way in
which the business wants to go and helps in incorporating the business objectives in a better way.
This report will provide the creation of the business plan in respect to the new business idea
which involves an overview of the new business idea, an evaluation of the external business
environmental factors. It also states about the competitive advantage of the business plan and the
suggested target market.
BUSINESS PLAN
Overview of the proposed new business idea
The new proposed product is the herbal beauty salon which will be for all types people of
all age group. This is help in getting energy and is very nutritional. This product is made up of
the unique herbal ingredients which are useful in generating healthy cells, providing relaxation
and freshness to the consumers. The product is not having any side effects unless the consumer is
allergic to any of the ingredients utilized in creating this product. The packaging of the product is
recyclable and therefore, environment friendly. This business will take proper care of its
customers and the environment in which it is operating so that it will result into effectively
handling the business activities.
Evaluation of external environment of the business
For the purpose of evaluating the macro environmental factors which might influence the
business decision-making along with the factors which might impact the business, the PEST
analysis is being done. This is basically a marketing concept which is utilized by the
organizations in order to track down the environment in which it is operating or the new business
is planning to establish itself. A detailed analysis is given below.
Political factors: The major political factors that will have a huge impact over this
business idea is that the product safety. The company will be required to comply with the
Personal Care Product Safety Act, which helps in ensuring that the product used are safe. Also,
the company is required to provide all the required information pertaining to the services it will