We have great welfare packages for our employees leading them to remain motivated to our brand and also ensuring that our customers retain loyalty to our brand through the attitude of our staff. Our strengths lie in the fact that we are offering several makeup services at the same time to our various customers, allowing us to meet the diverse needs of our customers. Either way, a makeup artist in order to create a sustainable flow of income will need to be in as much niches as possible. We intend to take great care of our staff pay them better than their counterparts in similar start-ups such as ours. We have sourced for competent and qualified staff who understand the business thoroughly and will do all they can to ensure that we get to the top. You’ll need to dream up a great plan of action before you can detail it in your report. You want to emphasize that you are a competent, reliable business owner in your plan. Also, an economic downturn is likely to be a threat to our businesses because this would mean more people trying to apply makeup themselves than approaching a professional to help them out. The company will be situated in Los Angeles. Think of a, 4. Does One-Size-Fit-All When It Comes to Loans? We would be offering different services in order to cater to our diverse clients so as to boost our earnings and increase our bottom line. Here’s how to go about it: To keep it simple, focus on the following: If you find a way to conduct the appropriate research and detail the former in your plan, you’ll show a high-level understanding of your market and how you can make money within it. In this lesson, I am giving you the strategy I gave to one of my clients who has her own perfume line. We intend to offer makeup services and trainings to our clients, as well as other services in our line of business. To this effect, we intend to take strict measures by re-investing a percentage of our earnings back into the business. If you offer services that have many competitors, go for competitive pricing through packages and promotional offers. Think of a competitive advantage that you have and highlight it! While this might be an artistry kind of task, making a business out of it would require following certain business rules just like any regular kind of business. Sure, this may seem daunting at first, but if you have a good foundation you should have no problem detailing how you plan to make money! After taking a careful look at what our overhead and running expenses would be for these three months, we are optimistic that even though we would generate less revenue, we would not be running at a loss during this period. This way we would conveniently grow and sustain our business effectively. While there may be more components for a business plan, based on the article published by Growbusiness.org, the following are the key components that each business plan absolutely must have: 1. Include People Who Will Be Working with You, 6. Application and Obtaining Tax Payer’s ID: Application for business license and permit: Drafting of Contract Documents and other relevant Legal Documents: Graphic Designs and Printing of Marketing/Promotional Materials: Creating Official Website for the Company: Creating Awareness for the business both online and around the community: Health and Safety and Fire Safety Arrangement (License): Establishing business relationship with vendors – wholesale suppliers/merchants. dominated the mass makeup market in the categories of Eye and Lip. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Whats people lookup in this blog: Makeup Artist Business Plan Pdf; Makeup Artist Business Plan Sample Pdf; Freelance Makeup Artist Business Plan Pdf document.getElementById('follow_fb_likebox').src = "//www.facebook.com/plugins/likebox.php?href=https%3A%2F%2Fwww.facebook.com%2Fstartupguys.net&width&height=258&colorscheme=light&show_faces=true&header=false&stream=false&show_border=false"; Start by throwing a mock make-up contest grand opening party in order to increase our awareness in the community where we intend starting our business. We are a relatively new business and as such we have not yet gained much depth into the market as we would have liked. StartupGuys.net » Startup Formation » Business Plans » Makeup Artist Business Plan Sample & Writing Guidelines. However, because we are relatively new to the market, we intend to offer discounted rates for our products and services for the first three months of operations. However, most of those who are employed are also self-employed, as their jobs usually last for a short period of time. We ensure that our employees are well paid and that they have other benefits that make them better than their counterparts in similar industry such as ours all over the United States of America. To this effect, we therefore are in business, from our findings to offer our services to the following group of people; We understand the power of makeup and our intention is therefore to build a business that is not only a national brand but an international brand as well. This article will identify the business plan’s sample contents and guidelines for developing those contents under proper sections. However, make sure to focus on: With the above guidelines, you can develop an effective and presentable business plan for your makeup artistry business. Readers will need to know exactly what you are offering and at what price points! Encourage our loyal customers to refer our brand to others. The brand consultant who has a vast knowledge of how to promote businesses such as ours will help develop publicity strategies that will deliberately project our brand and ensure that our target market are easily able to differentiate our brand from that of our competitors. 2. CEN/TC 392 Business Plan. Customers are the reason a business exists and generates revenue especially a service oriented business, and so we know how valuable our customers are and what to do to ensure that we retain at least 80% of those who patronize our services. Find more details about me and connect with me through My Linkedin Profile. Here’s an idea of how to do this: Make a list of people who will likely be a part of your business in one way or another. In achieving our vision, we intend to hire creative makeup artists who are also instinctive and understand what it is our clients want, and ensure that they get what it is they want. Other parts vital to your business plan include your range of makeup services, how you intend to market your business, or increase sales. 5 Tips To Consider When Applying For Loans Online, Ways on How Recruitment Marketing Benefits Your B2B Strategy, 6 Legal Ways to Download Music From YouTube, 29 Small Businesses Ideas for Memphis, Tennessee in 2021, 29 Small Businesses to Open Now in Detroit in 2021. Finally, technology has come to play a huge role in the makeup industry as makeup artists can try out makeup shades on faces in the computer and know which look might likely fit their client before meeting the client. We therefore intend to generate income by offering the following services and selling the following products; Everyone makes up, but the usage might defer depending on the preference of the individual and the occasion; this therefore means that there will always be demand for either makeup products or makeup application services. Now remove the hint from the template and put in your own details. She has several certifications and is always pushing herself to achieve more. Because of how serious this aspect of business is, we have hired a marketing consultant who is not only reputable but who has vast experience regarding our type of business in order to help us conduct thorough market research that would allow us penetrate the market. Hair and Beauty Salon: Business Summary. Your plan’s readers will need to know if there are other people on your payroll, partners, etc. Every serious entrepreneur starting off their own business do so with the intention of not only making profit and competing fairly against its competitors but also remaining in business for as long as possible. The marketing consultant will help us develop our marketing strategies so that we will be able to attain our goal of not only penetrating the market but getting a huge chunk of the target market to patronize our brand and services. To ensure that a business is sustained and eventually grows, there are a number of factors that would need looking into such as the loyalty of customers, the re-investment strategy of the business and its business structure. window.onload = (event) => { The reason for this slow growth has been attributed to the fact that most makeup artists, especially those in the motion picture industries are being replaced by Computer Generated Imagery (CGI). Therefore the bulk of our capital will be used to pay the salaries of our employees, pay utility bills and also to lease a facilityl. So, it’s natural that any potential investors reading your plan will want to know this information and analyze whether it makes sense. Key Components of a Business Plan. To however achieve this, we have several competitive strategies in mind. Production and trade: • The total EU28 market volume in 2014 is estimated around 72 500 000 000 EURO; Firstly download the template! A Sample Makeup Artist Business Plan Template Makeup artist business plan pdf saubhaya cosmetic business plan sample form templates businesses plans cosmetics in ethiopia pdf cosmetic business plan … Create a list of services that you will offer, and it better is to identify the pricing at the same time. Also, the bulk of the capital will go into paying salaries of our employees and utility bills for at least 4 months. We are going to be offering diverse services in our Makeup Studio, this means that we would not only make customers up for weddings, special occasions, on movie sets but we will also sell products that our clients can use and also offer trainings and consultancy services as well. I am talking about going from zero to a multi million dollar in sales. Whilst capital generation is key, deciding where to spend the bulk of the capital is also important. The business consultant looked through using a popular analysis that allows businesses know how likely they are to survive in the business they are going into and how favorably they would compete against competitors in the same industry. Business plan is the best start for implementing a business in real life, such as a business plan … We also do not have all the staff or the finances necessary to deliver all the services we hope to deliver. Shae’s Touch Studio just like any other business has been established with the sole intention of making profit that will be used in growing and sustaining the business here in Bay Island – California and also all over the United States of America and even beyond our country’s borders. Your business plan can look as polished and professional as this sample plan. While generating capital and choosing a suitable location for our makeup business is highly important, marketing is also very important as well because if we do not thoroughly market our business, we would not only fail to attract customers to patronize our services but we would also not generate revenue to grow and sustain our business. You can’t have a successful business without some form of marketing. This has led to a high level of satisfaction for both parties. Check out our detailed guide on how to market your makeup artistry business, and develop this section of your business plan accordingly. Also, due to the different seasons, makeup artists have to learn appropriate make-ups for each season as well as occasion. Shae’s Touch Studios intends to deliver to its customers various services and products from its primary location here in Bay Island – California. Introduction NC is a company that has created a brand concept consisting of skin cares utilizing multiple channels of distribution. Not Ready for A Full Right Brain Business Plan? }, 4000);} The Markwins box costs €32 and includes four eyeshadows, a lip We also intend to become a national and international brand by the year 2019. The information gotten would then be used to structure our business in such a way as to attract the customers we need. Use social media platforms such as Instagram, Snapchat, Facebook and Twitter to promote our business, Use Youtube to showcase our training sessions so as to attract more customers, Attend several conventions and participate in several seminars in order to promote our brand, Throw contests online in order to promote our brand, Ensure that our staff members wear our company’s customized tee-shirts either in the store or during field work, Distribute our handbills and fliers in strategic locations, Total fee for registering the business in the United States of America –, Fees for obtaining licenses and permits, accounting software and specialized certifications –, Marketing and promotion expenses for the grand opening of the makeup studio as well as general marketing expenses –, Insurance coverage (general liability and Workers Compensation) –, Operational expenses for the first 4 months (salaries of employees and payment of utility bills) –, Cost of leasing a facility for at least 1 year and carrying out renovations –, Cost of start-up inventory (professional makeup kits) –, Cost of store equipment (cash register, racks, security and signage) –, Other start-up expenses including stationery and furniture –, Generate part of the start-up capital from personal savings. We also know how beneficial it is to reward our loyal customers especially those who refer us to others. You can hire a business plan writer to write one for you for a fee, but If however you are running on a tight budget, there are free business plan templates online that you can use in writing a comprehensive business plan for yourself. Great! I've worked on global as well as location based projects focusing on markets like Pakistan, India, United Arab Emirates & Singapore. California is a dream place for any makeup artist as not only are there more glamorous individuals here, there are also more celebrities, which means that we are optimistic of meeting our set target within eight months of starting and growing our business, due to the strategic location which we selected. Our customers are very important to us and so we intend to leave them fully satisfied with our services. Shae’s Touch Studios is a national and international makeup studio that is located in Bay Island – California here in the United States of America and intends to cater to corporate and domestic clients. Here in this section, you will list all the costs that you will incur on your, setting up a small scale makeup artist business, Your Business Plan Guide to Open a Laundry & Dry Cleaning Business, Easy and Effective Tips for Creating a Business Plan, How to Write a Business Plan Executive Summary, 5 Things to Consider Before Writing Business Plan, 5 Complete Steps to Start & Run a Profitable Procurement Company, How to Start & Run a Profitable Online Dropshipping Store, Planning to Start a Security Guard Company? The idea is on mind, owning a beauty salon business. Note that each of the sections relate to the 9 key things a plan needs to cover above (What a coincidence!) Everything has a start and business is the same. Below are the sources where Ms. Shae intends to source  her start-up capital from; N.B: Ms. Shae has been able to gather the sum of $50,000 from her personal savings. Make sure that in your business description, you include the following: Find a way to incorporate every aspect that we described, but also to do so in a way that flows well. If you are selling a unique service, make sure you are delivering the price’s value. Market our brand online via our social media platforms (Facebook, Twitter, Instagram and Snapchat) as well as on our website and other related blogs. Below therefore is the business structure that we intend to build at Shae’s Touch Studios; Due to our intention of ensuring that we run a standard makeup business, we have engaged the finest business consultants here in Bay Island – California to help look through our business concept and determine how likely we are to succeed in the business we intend starting. Shae’s Touch Studios is a business owned and run 100% by Ms. Shae Lannister, a professional make-up artist. - this is the most important factor in whether a one-time customer becomes … Lots of opportunities exist in Los Angeles, New York, Chicago and Miami. Another competitive advantage is the fact that our customers’ expectations are not only met but exceeded as well, leading to high customer satisfaction, retention and loyalty. List people with their responsibilities and mention whether their role will be full time or part-time, if you will pay them, or if they will be volunteers. Sustainability and Expansion Strategy, choosing a suitable location for our makeup business, How Non Profit Organizations Benefit the Society/Community, Offering of makeup services (for weddings, special occasions, on movie sets) to our various clients, Sale of our own makeup products produced by us. setTimeout(function(){ The social media and technology has caused evolutionary trends in beauty and this has made it easier for makeup artists to not only re-invent looks but also create innovative ideas, making the industry a fast-paced one. to make your business plan more appealing and attention-grabbing. Open it in Word or Excel (or another program that can display the DOC or XLS format), edit it, and print your personalized business plan. If you want to attract strategic partnerships, generate funding, and garner public exposure through marketing and media coverage, you must have a proper business plan for your makeup artist business. In view of this, our strengths, weaknesses, opportunities and threats we were likely to be exposed to while starting our business here in Bay Island – California as well as all over the United States of America, were judged. Our vision is not only to meet the expectations of our clients and exceed it but also to become a national and international brand by the year 2019. Aims. Each free business plan template is available in Microsoft Word (DOC) format, and many of the Business Plan Forms are available in Excel (XLS) format as well. We believe that these three factors will by no means help in our sustainability and expansion objectives. Also, the staff we employ must be dedicated and ensure that they communicate our brand positively at all times. The final element in the makeup artist business plan is the money section. Bplans is owned and operated by Palo Alto Software, Inc., as a free resource to … If you offer services that have many competitors, go for competitive pricing through packages and promotional offers. The publicity and advertising strategies will also help to effectively communicate our brand to our intended audience. However, due to the fact that we are going to be offering varied services more than a regular make-up business, we intend to hire more staff than conventional to be able to handle the various positions and tasks that is likely to crop up during the course of running our business. Your makeup artist’s business plan should include sections such as the executive summary, a business description, market analysis, and organizational management. Experts always suggest putting your goals on paper before you actually start a business so you can keep track of your efforts and returns. How Profitable Are Online Marketplaces in 2020? The loan is to be repaid in 7 years at the rate of 3%. 3. Another competitive advantage we have is the vast experience of our management team. Page: 1. Business Environment. Example Business Plan for Artists (pdf) Example Business Plan for Artists (Word doc) The first thing I ask every artist when we start working together is if they have a business plan. Here are some hints on how to fill out each section. 1. So what next? Also, our chief executive officer is not only very experienced but has the necessary contacts that will help us quickly achieve our objectives. I am an enthusiast marketer and love content writing. List attributes of your potential customers. He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. A Sample Makeup Line Production Business Plan Template, Writing a Skin Care Products Business Plan [Sample Template], A Sample Cosmetology School Business Plan Template, How to Write a Cosmetic Line Business Plan [Sample Template], A Sample Hair Extension Production Business Plan Template, How to Write a Soap Making Business Plan [Sample Template], Writing a Cosmetics Store Business Plan [Sample Template], Writing a Beauty Supply Store Business Plan [Sample Template], How to Write a Tattoo Shop Business Plan [Sample Template], How to Write a Barber Shop Business Plan [Sample Template], 14. In fact, below is a sample makeup artist business plan template. This sample Make Up School and Beauty Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Makeup artists prepare actors for performances and also create special makeup effects. The assumptions used were that we would not experience any major economic meltdown that will allow less patronage from our customers and that there won’t be an arrival of any major competitor in the same location we are offering our business. This part of the business plan can be lengthy, depending upon your goals. document.getElementById('follow_twitter_widget').src = "//platform.twitter.com/widgets/follow_button.html?screen_name=startupguysnet"; However, BB Cream is a highly potential market that the company has not exploited. After critically examining this industry and our chances of making it, using several data and assumptions from similar start-ups such as ours; we were able to come up with the following sales forecast. BUSINESS PLAN. Marketing not only generates revenue and brings in more customers for a business, it is also a way of ensuring that the company is positively communicated to the public and can also effectively compete against its competitors in the industry. This has led her to restrict the sourcing of her capital to three major sources. We are in business to not only make profit but also to compete favorably with similar business (startups or established) here in California and also all over the United States of America. She got the sum of $13,000 from friends and has the sum of $150,000 approved by the bank after several documents were signed to that effect. That’s what the readers will want to see! Cosmetics Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the … Next for each section read the guide below and come up with your answers and information. EXECUTIVE SUMMARY. As at 2012, we had about 3,000 makeup artists, and most were employed by the motion pictures and television broadcasting industries. The 5th section of the makeup artist business plan is to detail your staff in the report. Most of the time the answer is no. Make sure that whatever you are offering is creating value for your customers. Asides this, makeup artists also work in the fashion industry. This section will include details on how you plan to market your business and the resources you will need to do so. We have affordable prices and work very fast. We have also empowered our marketing and sales team to draft and modify effective marketing strategies that will help deliver our corporate sales goals. If you are to present the business plan to investors, make sure to add rich media like images of your best work, letters of the association from your strategic partners, testimonials from people/groups where you have delivered promotional services, etc. The plan that follows explains our customer benefits and our market segmentation strategy. We intend to not only concentrate on our core offering; this means that we would be offering other services that are intended to boost our income and make us have a healthy bottom line in which to sustain our business. The key areas where we will therefore spend our start-up capital on are; From the above analytical breakdown, it is obvious that we would require the sum of $213,000 in order to successfully startup and run a makeup business here in Bay Island – California. entrepreneurs because opening a business is quite risky and usually they are not ready to take all the risks or set up a vivid and practical business plan. Usually, makeup artists work by themselves which makes it sometimes difficult for their income to be regular, except they go into certain niche areas such as carrying out makeups for models or becoming movie makeup artists. We have built a solid business structure because we intend to start with as few hitches as possible. There are several threats that we face as a growing company such as an arrival of a major competitor to the same location we are operating from leading to a reduction in the number of customers we are likely to have. Ms. Shae has no intentions whatsoever to bring in any external partners to run the business with her. For any budding business, you never want to jump right in without knowing who you’re selling to. In view of this, we have conducted a market research in order to fully understand the market we intend entering and what we should expect from our target market, while also having an idea of what they would be expecting from us. Create a list of services that you will offer, and it better is to identify the pricing at the same time. So, in this section you’ll need to consider and document a few things: As you have already done the costing in previous stages, this is the time to put all the financial elements in one place in proper order. iPlanner.NET Small Business Plans Online BUSINESS PLAN TEMPLATE For a start-up company 18/01/2012 12:33:19(GMT) This would require any makeup artist intending to start in the California area to network and partner with some fashion designers so as to get the needed clients. Outlook, and it better is to reward our loyal customers especially those who refer us to others of! As at 2012, we had about 3,000 makeup artists, and on radio television... Strategy to make your business plan above is a sample makeup artist plan. Her capital to three major sources client needs the makeup artist business plan more appealing and attention-grabbing, new,... Than their counterparts in other industries, June 12, 2012 12:58:10 PM, in,... 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