This presentation provides insights into the challenges and management of setting up an enterprise. It focuses on a mobile beauty service enterprise, discussing problem-solving measures, market competition, and includes a logo of the form.
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INTRODUCTION Setting up of a enterprise is a big challenge that is required to be managed and looked after by the organisation which will help in proper assessment of the operations and other business related activities in a significant manner. This will help in proper planning of the service measures which are taken in consideration. It supports establishing a business operations and enterprise. The presentation will cover the details about mobile beauty service, a beauty parlor enterprise, the presentation covers the problem solving measures, market competition and includes a logo of the form.
Introduction to business with objective with mission and problem assessment and problem solving solutions In UK, the physical beauty industry has became one of the most effective and fastest growing reason. The wish and desire to look young and beautiful on a forever level. This will help ion proper assessment of operations and growth factors which was carried out by Mobile beauty spa to a greater level and extent. The Mobile Beauty spa will look after and planning of the services in a effective manner (Ahsan and Fernhaber, 2019). The firm will look after providing its customers with high quality and effective or significant beauty this will help in proper planning of the services which will help in catering the needs and demands of the customer to a greater extent. Mission: To provide their customers with a significant and high quality beauty products and services which will help in improving the establishment measures which are observed by the organization.
Cont….. Objectives: To establish a proper and suitable planning of establishing a beauty service provider enterprise to a greater level. To offer their clients with a suitable quality of service measures which will help in improving the quality of services and beauty services offered by the organization. Problem solving solution: As the beauty service will be operating in UK, it is susceptible to various problems and thus has to see after various solutions which will impact the sales and other business operations of the organization. Some major problem solving solutions which are taken by the organization are as follows: Effectively planning the digital marketing strategy to cater the needs and thus will help in proper planning of the service measures which will help in proper assessment of services which will help in developing a good connectivity with their customers (Banks and et.al., 2019). Te company can opt for looking after effective innovation and improvement in the services which supports a good rise in the operations which will help in proper rise in business operations which are taken by the organization to a greater extent. Proper and significant amount of financial planning is bee taken in consideration that will help in effective assessment of the operations and services which will help in carrying out of the services which will help in carrying out of services to a greater level. Regular feedback's can be taken from customers. This will help in proper assessment of the operations which will help in carrying out of services to a greater level. This will help in proper planning of the services in a significant manner.
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Business canvas model Key partners: cosmetics service providers Raw material supplier Employee proving agencies Key Activities: Hair cutting Facial Manicure Pedicure Hair coloring providence Beauty tips Eyebrow etc. Value Proposition: Providence of high quality products and services o a reasonable cost. Offering innovative and unique products and services offered by the organization Improving brand value, customer's proposition and satisfaction level to a greater level. Customers relations: Suitable approaches related to setting up of the operations will be carried out that will help in proper management of customer's or public relations of the organization. Taking suitable feed backs and reviews over the product or services within the organization. Other than this, the surveys can be carried out by the organization which will help in proper assessment of the connectivity with customer's or service consumers. Customer segment: The grouping of customers will e observed which will help in proper planning of the service measures which will help in improving the quality of service measures which will help in significant rise of sales by the organization. All these factors will help in developing the products and services as per customer or buyers needs and demands. Key resources: Various resources will be undertaken I consideration by the organization to evaluate the operations which will help in suitable rise in carrying out f services to a greater extent. The resources will consist of location, infrastructure, raw materials, cosmetics, work force, tools and equipment's. Channels: This will include the communication and distribution channel which will be undertaken in consideration by MBS to have a good relation with the customers and hence, improves the quality of products and service measures which are undertaken by the organization. Different communication measures like social media platform and customer care unit are certain channel for communication. Cost structure: Effective cost of the development of the infrastructure and work force that will help min proper planning of the service measures which will help in significant planning of action plan in a significant plan in a suitable manner. The cost of purchasing tools and equipment's, salaries of work force and carrying out of the operations are certain cost structure elements which are undertaken by the organization Revenue stream: Effective execution of business operations and delivering the beauty care products and care services in an effective way are certain measures which will help in proper assessment of operations with effective rise in profitability and setting up of goals in a significant manner.
Cont….. Market research and competition:MBS will look after a proper planning of the beauty based business operations which will help in effective assessment of operations which will lead to setting up of suitable operations which will help in significant rise in operations which will help in proper planning of the services supporting suitable rise in business operations and setting up of the operations which will help in setting up of the operations on a significant level (Bruton and et.al., 2015.
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Business functions. Innovation:MBS will look after the proper planning of the services which will help in significant rise in suitable planning of service measures. Innovative products and services like 3D makeup, computerized LASER based skin treatment etc are certain innovative products or services which will help in significant rise in carrying out of service measures in a significant manner (Buckley and Clegg, 2016). Marketing:Effective promotional measures are required to be take in consideration by the organization which will help in increasing the awareness of customers and consumer's about the product or service which are offered by the organization. Besides this, it will help in attracting the customers to a greater level. Operations:The organization will look after the proper planning of the operations which will help in suitable assessment of activities and it will lead to a significant rise in effectiveness to carry out business operations in an effective manner (Caves, 2018). Operations like carrying out research and development, improving sales of the organization.
Capital required and personal contribution for 1 year The setting up of suitable management operations which are carried out by the organization will lead to a significant rise in execution of the operations and activities which are carried out by the organization on a higher level (Dentoni and et.al., 2018). In order to establish a proper salon or beauty care organization, MBS requires a significant amount of budget costing about £100,000 on an initial stage. The personal contribution for the next 1 year will include the time, efforts and financial attributes which are carried out by the organization which will help in suitablerise in the operations which will help in properdevelopment of operations and activities to a greater extent.
Financial plan AttributesExpense (in £) Budget in hand£58,000 Sales measures£26,000 Cost of raw material£34, 000 Purchasing raw material and equipment's£24,000 Minimum wage provided as salary£600 Forecast profit£120,000 Estimated turnover of beauty organization£150,000 Reimbursing borrowed money (Loan etc.)£60,000
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SWOT analysis and risk management SWOT StrengthWeaknesses High level of mobilization:As Mobile beauty Spa offers a high level of mobile based service it not only saves the times sad effort of the customers and consumers, but also help in enhancing the quality of products and service measures in a significant manner. It increases the accessibility of organization towards the organization. Innovative products and services:MBS is known to offer high quality products and services that are innovative in nature which will help I proper assessment of the operations which are take in consideration by the organization helping in improving the sales and service measures which will help in suitable rise in improving satisfaction level of customers (Hillary, 2017). Use of advance technology:MBS also uses the latest and advance technology which helps in proper development of high quality products and services and thus will lead to a significant rise in operations of organization. All these measures will help in suitable execution of service measures for improvement in customer satisfaction level. Suitable planning and execution of services:The management of MBS is known to carry out the business operations related to beauty salon. As the management of the organization will look after the proper planning of the service measures which will help in proper improvement of customer satisfaction level. Not much market presence:The MBS will look after the proper planning of the services and carrying out of the operations on a wider scale which will help in improving its services on wider scale. Lower financial support:The organization will, look after the proper planning of the financial and service operations which are carried out by the organization in a significant manner. As the company is on its initial stage, it does not have much economic support. OpportunityThreat Collaborating with other service providers:MBS will collaborate with other service provider firms to cater its customers in a significant manager. This will contribute in improving the sales and overall operations of business enterprises in a significant manner (Khoshafian, 2016). Growing trends of organic products:as more and more people are moving towards organic products and services, this will create a good opportunity condition for organization. High level of competition:MBS is susceptible to face a significant amount of competition that will lead to a significant decrease in the operations which are carried out by the organization.
Risk management Suitable risk management operations are carried out that will help in significant rise in overall operations of the organization. Other than this, it will help in proper evaluation of the growth measures and thus, contributes on the overall functionality of organization in a significant manner.
CONCLUSION On the basis of effective assessment tat bare carried out by the organization will help in suitable handling of establishing of a Beauty service provider firm. Effective placing of business canvas model and capital requirements are placed along with the evaluation of SWOT and risk factors associated with the firm.
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REFERENCES Ahsan, M. and Fernhaber, S.A., 2019. Multinational Enterprises: Leveraging a Corporate International Entrepreneurship Lens for New Insights Into Subsidiary Initiatives.Journal of International Management. 25(1). pp.51-65. Banks, G.C., and et.al., 2019. Strategic Recruitment Across Borders: An Investigation of Multinational Enterprises.Journal of Management. 45(2). pp.476-509. Bruton, G.D., and et.al., 2015. State-owned enterprises around the world as hybrid organizations. Academy of Management Perspectives. 29(1). pp.92-114. Buckley, P.J. and Clegg, J. eds., 2016.Multinational enterprises in less developed countries. Springer. Caves, R.E., 2018. Growth and decline in multinational enterprises: from equilibrium models to turnover processes. InCorporate Links and Foreign Direct Investment in Asia and the Pacific.(pp. 9-28). Routledge. Dentoni, D., and et.al., 2018. Learning “who we are” by doing: Processes of co-constructing prosocial identities in community-based enterprises.Journal of Business Venturing.33(5). pp.603- 622. Hillary, R. ed., 2017.Small and medium-sized enterprises and the environment: business imperatives. Routledge.