We have complete profit and loss financial data from companies like Trend Setters Hair Studio.
SIC 7231 Personal Services - Beauty shops
*Reports start as low as $89
Trend Setters will be organized and managed in a creative and innovative fashion to generate very high levels of customer satisfaction, and to create a working climate conducive to a high degree of personal development and economic satisfaction for employees.
Training classes to help improve employee product knowledge and skills will be conducted on a regular basis. As the business grows, the company will consider offering an employee benefit package to include health and vacation benefits for everyone.
The personnel plan calls for a receptionist who will greet customers and receive payments for services and products. There will be five hair stylists, one barber, one nail technician, one facialist, and a massage therapist. Everyone but the receptionist will be contract workers, and will be paid a sliding commission scale based on the amount of revenue created. Future plans include the hiring of a shampoo technician as the business expands.
In the first year, assumptions are that there will only be three hair stylists, a barber, and part time nail, facial, and massage technician until the business can build a reputation that will attract others to work there.
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| Personnel Plan | |||
| Year 1 | Year 2 | Year 3 | |
| Owner (Stylist) | $24,000 | $25,000 | $26,000 |
| Receptionist | $14,400 | $15,120 | $15,876 |
| Shampoo Tech | $8,000 | $12,400 | $13,000 |
| Total People | 3 | 3 | 3 |
| Total Payroll | $46,400 | $52,520 | $54,876 |

