OL-317 Final Project4-2 Final Project: Business Plan Milestone Four: Financial PlanBusiness Department, Southern New Hampshire UniversityOL-317 Small Business ManagementFor my salon I plan to use my savings for as much of the startup costs as possible. My savings consist of $65,000 and I also have...
4-2 Final Project: Business Plan Milestone Four: Financial Plan
Business Department, Southern New Hampshire University
OL-317 Small Business Management
For my salon I plan to use my savings for as much of the startup costs as possible. My
savings consist of $65,000 and I also have a decent 401K that I could borrow from if I
absolutely needed to. I will also look into a small business loan of about roughly $25,000 to
help make sure I have enough start up funds. With this money I will use it to lease a building,
get insurance, and make sure I have my business license and everything else needed to make
sure that I am compliant. With this startup money I will aals need to buy furniture for the
waiting room, furniture like tables, chairs, shampoo stations, and storage for the employee's
space. Lastly, I will need to make sure that I have supplies that will be needed such as nail
polish, shampoo, conditioner, wax, foil, etc. I also will be looking at the stylists, makeup
artists, and estheticians who plan on renting a space within the salon to pitch in some and
bring some of their own supplies such as hair straighteners, blow dryer, brushes, etc. I also
would like them to bring in their own furniture for their own space to make it their own and
lower the startup cost for me. The cash flow for my salon will be a bit different than most
businesses. "The average both rental costs a monthly fee of $400, but the range can be from
at least $250 t $1,200 per month for a booth" (Gloss Genius, 2022). After doing some
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller newage. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.