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Cranium can serve the entire family with no appointment necessary. Additionally, Cranium's storefront is in a centrally located area. Serving the customer with superior attention is what the employees are trained to provide. Cranium offers pricing that is a bit more than a traditional barber but far less than a dedicated women's hair salon.
Market Trends The market trend for the hair cutting industry is one of consolidation. Over the last five years there have been an expansion of upscale chain salons in major metropolitan areas. The expansion takes the form of opening new stores, as well as purchasing independently-owned salons and transferring them over to the chain.
Additionally, this trend has occurred with the full-service, family hair cutting stores. The reason for this trend is similar to other industries that are consolidating; cost saving measures.
The industry is generally unaffected by economic upturns or downturns. This is somewhat intuitive as most people need and get a haircut based on an elapsed amount of time, independent of the economic environment that they are in.
Strengths Excellent retail space in a well-traveled mall. Well-trained employees with good hair cutting skills with a wide style repertoire, and customer-focused business practices. A wide range of services offered. The struggle to appear continually on the edge in terms of fashion and style.
Large costs associated with a start-up company. Opportunities A steady growing market that is traditionally unaffected by the economic environment.
The ability to decrease marginal fixed costs as the customer base grows. Threats Competition from already established chains. A change in traffic patterns as they relate to the mall where Cranium is located.
While barbers are usually willing to provide whatever cut you are interested in, they are generally providing straight-forward haircuts, typically on the conservative side. The advantages are an inexpensive service that is easy to use. Their disadvantages are an often conservative styling capacity, sometimes a long wait.So why should you write a business plan?
Because writing a business plan can give you: an opportunity to consider, and plan for, the right work-life balance for you. Free business environment papers, essays, and research papers. So many markets are flooded with firms, making them extremely competitive. This lesson will provide examples and discuss the pros and cons of being in a competitive business environment.
A business that has an environmental management plan in place reduces the possibility of being reported and is also seen as proactive when it comes to their environmental impact in .
The company published its most recent business plan in and distributed it to a group of potential investors and other interested parties.
Here are some Sample Business Plan Templates created using MS Word to fulfill everyone's purpose if they wanted to write a Business Plan.
A Worthy Business Plan is the one that accurately presents all the pros and cons of starting a business. It should also .