BUSINESS PLAN OF MI HAIR STUDIO & BEAUTY BAR

Abstract

Mi Hair Studio & Beauty Bar is a business that offer services and products about hair and beauty. There’s a differences between hair salon and beauty bar. A hair salon is a place where the services offered are only hair services such as hair colouring, hair styling, etc. But the beauty bar itself is a place where the services offered are complete from head to toe. The line of business that I am interested in is the salon business, citing the need for this hair and beauty service that never runs out. Mi Hair Studio & Beauty Bar will be located in Sunter, North Jakarta. The target of Mi Hair Studio & Beauty Bar are women who have always been very aware of the need to treat beauty from head to toe or beauty enthusiasts. Other than that, the target are the busy and high maintenance women. Mi Hair Studio & Beauty Bar offers a variance services and products. The concept of Mi Hair Studio & Beauty Bar is modern and unique. To increase the sales, Mi Hair Studio & Beauty Bar will add more new products and services such as hair filler and nail extension, o it can attract more new customer. The capital needed by Mi Hair Studio & Beauty Bar is IDR 650.000.000 which utilized to buy the equipment, inventory, the salary of the employee, also rent of the venue as a studio. Mi Hair Studio & Beauty Bar’s break-even point when reach 1.760 unit of products with the 1 year payback and the return on investment 62% in 2020.