The Development Of A Barbershops Business Plan Commerce Essay

The Development Of A Barbershops Business Plan Commerce Essay A plan how to start a barbershop includes some things to be done prior to the start of the business. To start the business you need to know how it will be financed. The business needs a location that will help the customer access it with a lot of ease thus making it grow. The business needs to also to meet legal requirements. That is, it should be licensed and meet the standard required by relevant authority. The business plan should show how the business would expand. This is where the growth strategies are stipulated. The plan should also see to it that the competitors are well known to ensure that one gets the market share that the business will be operating. It is also analyzes the financial statement of a business helps to show at a glance the viability of the business. This may also be used to apply for a loan when need. All this is done by well understanding of the market by first doing market survey. This will help in setting up of the business at the right location. In addition, the business management will be able to put competitive prices for their products. Introduction A barbershop is a business unit that deals with glooming of hair. It is such a sustainable business as hair glooming is more of a basic need than a luxury. People will always need it. Styles may be short lived, but haircut is here to stay. This poses barbershop to be one of the most promising businesses that if well managed is liable of doing very well. Unlike in many businesses, customer retention in barbershop business is very high. Customers is should be well served to like the service of a barber. They will rarely go anywhere else once they are satisfied by the service. If good service is provided, ones customer will always come as far as the location of the barbershop I convenient to them. Barbershops are kind of businesses that acquire their customer through the word of mouth. One can start this business for fan but ends up being very rewarding in terms of cash (Moran Johnson 61). Ownership Once one gets an ideal of starting a business, the most important thing is to know how the business will operate in term of ownership. The business can be a sole proprietorship where one person operates it. This is where the owner of the business is an overall boss and enjoys all the profits and has no one to share with the business loss. He therefore manages the business with the help of people he/she has recruited who are all answerable to him. The owner makes sure that the business works in line with its goals that will help meet business objective. The business formation may take a partnership direction. This is where two or more people come together having the same motive and idea of starting of the business. The day-to-day running of the business is done consultatively among them. The profit is shared according to the level of share that one holds in the business. The loss is shared equally among them also. For all the decision that affects the business, there must be consultation among all stakeholders and no action is taken before they get to a consensus (Juuso, 66). The barbershop can also be in for of a company. The company may be private or public. In private company, the shareholders are defined and the company owners decide on whom to be shareholder while in the public company any bodies can a shareholder. The company requires seven people to fifty for a private company and limitless for a public company. To form an organization, due legal process is followed according to rules and regulation of federal government to meet international standards. The company is learnt by board of governors on behalf of the members. They improvise rules and regulations that are followed to meet the companyà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s objective (Ford, Et al 31). Once the business structure is decided, the next important issue is the business equity. One has to know where to get the fund. In a case of the sole proprietorship, the source of fund may be from personal saving, inheritance, donations from family or friends, grants or personal loans. Partnership gets their funds from their contributions or from loan. The company gets their fund from shares bought by the members. In our case, we will deal with the sole proprietorship. Market survey The most important part of the business is how well one knows how it operates. This well established by market survey. Before starting a sole proprietor barbershop, make sure that you get to the market and analyze every section of the business. From the location, customers, trends, market size, competitors and market sales. The survey should also include the service offered by the competitors. This will help in segmenting the market share. The price at which the customer pays for the service offered is also very important. This will help to establish a unique method of offering barbershop service that will be more satisfying to the customers without making loss. In the survey, one may include demographic factors such as sex, economic status of your potential customers and age before setting price of the service. Market size deals with the number of customers who on average buy or get the barbershop services. The trend of the market shows the customer variation in terms of how they get services. For example, more people may have hair cut during the summer seasons than they do during the winter seasons (Patsula, 112). The market sales show the data of the customer frequency to get the offered product and services. The market survey can be done by use of a questionnaire or by any other appropriate method. Business location The location of the business is very vital in its growth. Once the fund is integrated and the business formation is decided after a market survey, location is then the next issue. For barbershop, the business must be strategically placed. This is very important for customer to locate it easily. The best location is in a busy street where many people can be able to access it. This location will enable the business to compete successfully with others in terms of accessibility and getting reach to the customers. A good location of the business will ease the business lots of budgetary allocation of advertisement money. It also helps in the customer retention, as they do not go round in search of the premises. Marketing plan This is where the business owner strategies on how to enter the market. The price of each service is well put in place. The price should be well thought of not to deprive off the customerà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s money. This is because if they know that the service offered is not equivalent to the service offered they will quit. The next issue is the sale tactics. For a business to grow, one has to have different tactics that are unique from the others. This will help the business be identified from others helping it compete fully in the market. The survey will also help one come up with the best and cost effective method of advertisement (Moran Johnson 71) Good advertisement skills will help the business to sell its self-well among the very many competitors. The business should also consider the mode of advertisement to be used to ensure that the targeted customers have been accessed by the information. Business promotion is another issue to be but in consideration. The business should be in a position to work on promotion to ensure that the customers are conversant with their products. The promotion should be simple and cost effective. The barbershop business must put a strategy on how the advertisement and promotion will be conducted. It should stipulate how frequent this will be done. The amount of money that should be used also should be put in place. For the advertisement, it should be precise and easy to understand at a glance. It should also be economical and up to date. This will help the barbershop business to be more pronounced to dispense it services amidst intense competition. Operating plan The operating plan will show the business layout. This will show the building, size of the business, the facilities and the labor force employed in the business. It will also include the strategic plan of business improvement in terms of materials and facilities. The better the operating plan of the business, the better the positioning of the business in the competitive world. The labor force should be well organized and their duties well established to ensure that the business grows. Each person should have a distinct role in the barbershop. For the one who are offering the services, they should specialize on that line. For the management, they should specialize on that line to ensure that no conflict duties. Management plan For the business to succeed there must be people who are managing it. The management should be distinct from the lower management to the top management. The line of management should clearly elaborate the accountability of each personnel to each other. The management structure should be simple to understand to all personnel (Patsula, 42). . The structure should also show the compensation of the personnel in each level and the ownership of each personnel in the business. The compensation of the personnel in the barbershop should be according to the service they lender to the business and the level of competence. This is a very sensitive part especially when hiring the personnel. A business is liable to grow and achieve its objective according to the personnel employed. If they are not motivated, they tend to be reluctant to their work. This leads to the downfall of the business. Nevertheless, the salaries and wages given to them should not be too high to make the business work under p ressure to meet the cost of their remuneration. This might jeopardize the business and throw it in loss making enterprise. Thus, their compensation should reflect their output to the business, their competency and the profit the barbershop is making. Financial plan The business should have a financial plan on how it will use its available capital. This will include the projected cash flow for the year ended, profit and loss predicted and the balance sheet of the finance to be used. The projected cash flow will be able to show the amount of cash that gets in and out of the barbershop. It also shows the costs of operating the business and the anticipated profit to be made in the business in one year. The profit and loss account will show if the business will make loss or profit. Finally, the balance sheet is used to show the net worth of the business. It acts as an evidence of any sales or purchase made in the barbershop. The important things in the business are always recorded to ensure that references are gotten when required during the operation of the business. Thus, is done by recording, organizing and documenting such thing as profit margin, proposed capitalization, total remuneration, break-even point and so on. The record should be well reserved to ensure that they can be traced wherever they are required. They are also very important during loan application process and in the implementation of the plan to a running business (Moran Johnson 94). Conclusion A business is a very important document because it acts as a direction towards the accomplishment of once entrepreneurial dream. It is a road map towards achieving a business goal. It highlights and shows at a glance the steps that will be followed to operate a certain business idea to a practical skill. A well-researched business plan helps to solve unseen problems that would occur during the running of the business. This is less expensive because if any adjustment is required, it is only a matter of plucking the paper and changing the information to the required one. However, if the business is done in try and error method, any change to alter its operation means incurring a certain expense. In addition, the idea may not work at the end, so the only expense one will incur is paper work only (Juuso, 55). Prior planning is also very important as it saves time and energy. Every bit of work required to be done is there in the paper work. Thus, the only thing is to implement it. This eliminate the time that can be used to try issues in the business sector and the amount of money one can incur. Once the barbershop business is viable, well-gloomed personnel are employed to implement the business plan.

Indicator and Determinants of High Blood Pressure Essay

This paper implements the indicators and determinants of high blood pressure in men. Many studies have measure the effect of Hypertension among men of different ethnical and socio-economic backgrounds. Socioeconomic is one major determinant which influences high blood pressure in men. High blood pressure is a major illness in the human population, especially among men. High blood is normally called a â€Å"silent killer† due to the fact that there little to no symptoms. Fifty to fifty-eight million people suffer from hypertension with the increasing population being African Americans (John, n. . ). Steven was a 55 year old African American male that came into the hospital with complaints of a severe headache. Patients had no prior history of hypertension but blood pressure was taken with the result of 180/101. Patient states that he has a family history of cardiovascular diseases. Mother and Father suffered from hypertension as a result of obesity. Steven has worked for the United States Postal Service for 30 years and is under a lot of stress due to work. He is a chronic smoker and drink on occasions. The first medical professional that saw Steven was the ER doctor who cared for the patient and in returned referred Steven for follow up care with his PCP (Primary Care Physician). Before Steven saw his PCP the ER (Emergency Room) Doctor prescribes him Amlodipine 10mg 2 xs daily. The team that delivered care for Steven’s hypertension was as follow: * Dr. Ogalvie- PCP (Primary Care Physician) -Which his role is to, determines the best care for Steven and his hypertension. Provide a manage care plan and to make use of specialists and make referral that co- inside with Steven treatments. Nancy Bracey-Nurse Practitioner- The role of the Nurse Practitioner is to work as support to the Doctor when he is unable to make patients appointment or if he is in an emergency surgery. The Nurse Practitioner sometime plays a vital role in Steven treatments. She is able to help in Steven treatment, which includes ordering tests, conducting physicals, and ordering medicines. * Beth Anderson- RN- Registered nurses treat and educate patients in a clinical setting, keeping records of medical histories and performing diagnostics. Most RN work with patients and their families to teach them how to manage cardiovascular disease, educate them on dietary and other measures of minimizing heart risk and help patients with postoperative rehabilitation. * Lisa Coleman – Dietitian- The primary role of a Dietitian is to promote healthy and holistic healthcare. Steven dietitian educating him on good healthy eating habits. She also explained to him that exercising most important in keeping his blood pressure down. She also put him on a 1200 calorie diet to follow as part of his managed care plan. Data has shown and been a proven fact that hypertension is very prevalent in men, especially African American men. Many indicators can relate to hypertension such as socioeconomic statuses like where one live, employed or unemployed or a family base support system can all be factors. In Steven case some of the indicator were glucose, triglyceride, high-density lipoprotein cholesterol, blood pressure, and obesity (SABPA, (2012). All of these symptoms can be a target for organ damage. Steven also deals with anthropometric indicators which according to Rahimi, (2012) â€Å"The partial correlation coefficient was used to quantify the association between all anthropometric indicators with hypertension. Linear regression analysis was used to assess the influence of all anthropometric indicators on the variance of systolic and diastolic blood pressure†. Rahimi, (2012) states â€Å"Adult male population of Fars province had a high prevalence of hypertension, overweight and obesity which can be handled through healthy diet and physical exercises†. Steven dietitian stresses the important of holistic healthcare such as healthy eating habits and exercising on a regular basis. Other indicator was the problems of sexual dysfunction that Steven suffered in his marriage. Steven stated that he was unable to perform with his wife due to the high blood pressure medicine that he was taken. Rahimi, (2012) state â€Å"Thus sex, education, and for the most part, race were not independently associated with a failure to be aware or to enter treatment’. Rahimi, (2012) says â€Å"Sex and the number of antihypertensive drug days were independently associated with blood pressure control†. According to Steven physician Steven was also put on an enhancement drug to help with sexual dysfunction. According to Rahimi, (2012) â€Å"Vigorous public efforts led by the National High Blood Pressure Education Program and embraced by physicians’ groups and the pharmaceutical industry has steadily improved blood pressure outcomes in the past 20 years†. Rahimi, (2012) â€Å"To this point, however, overall increases in control have largely been driven by increases in awareness and entry into treatment among people with hypertension†. Rahimi, (2012) â€Å"Despite great technical advances, specifically the development of a wide range of new antihypertensive drugs and drug classes the process of care available in the community has not changed to any great extent and treatment itself remains highly inefficient†. Rahimi, (2012) â€Å"As an asymptomatic, chronic illness, hypertension does not pose a problem of diagnosis or cure, but rather the challenge of daily vigilance and ongoing commitment to treatment†. Rahimi, (2012) â€Å"For most people such as Steven with high blood pressure periodical visits to the physician’s office simply do not produce the desired outcome†. As a result of data Steven were treated and educated on manage control through medication, diet and exercise. The disparities of socioeconomic are due to his poor health outcome. The key to controlled hypertension is patient follow-up, a managed care plan and patient education. In Steven treatment plan the impact of the team base approach is to effectively promote a managed care plan that is efficient in regulating Steven hypertension. The main key is to educate Steven on a post treatment plan and follow-ups care. One analysis of Steven resource and saving would be that Steven partake in his company wellness program which in returned will save and give him an incentive on his current insurance plan. Lastly the advantage of a team base approach in Steven case would be that each individual on Steven medical team would strategically come up with alternative plans of action and a plan of care that will effectively help in the treatment of Steven hypertension. Each medical professional on Steven team will play an active role in the quality of care for Steven. Again the key component is to stabilize Steven high blood pressure through healthy eating habits and exercise. The scope of team base approach is logically come up with a solution in helping Steven sustain life through longevity of the hypertensive care plan that is put in place

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Maslow s Needs Influence On Motivation - 1396 Words

Maslow classified the basic needs into 5 different levels, which are ranked from highest to lowest according to their level of influence on motivation as follows: The first level is made up of physiological needs, which are the first to importance and whose prolonged deprivation can be potentially fatal to humans. An example of the manifestation of these needs is the hunger and thirst that occur when the body needs food or fluids to maintain normal operation. The needs of second level are those related to security, such requirements are explained in the text by a number of examples in which the author uses the behavior of infants to show the way in which these needs influence the motivation of individuals. An observation of great importance made in the text in relation to the needs located on this level is the fact that people tend to protect themselves from the unknown (which is considered a potential source of threats) using routine, order or any element that provides them with a basis on which to stand and security threats of the environment; thus the adoption d is associated with the emergence of a variety of psychological disorders. The need for self-esteem and self-image form the fourth level, these are related to both the image that people have of themselves as to the image .The other individuals have of accomplishments, skills, respect others give the individuals are some ways in which these needs are met and as a result it produces feelings of confidence, strength,Show MoreRelatedEmployee Work Motivation 1386 Words   |  6 Pagesimportant to an organization, because work motivation relates to the performance of employees and their behaviour towards the organization (Katzell Thompson, 1990). â€Å"Managers see motivation as an integral part of the performance equation at all levels, while researchers see it as a fundamental building block in the development of useful theories of effective management practice (Steers, Mowday, Shapiro, 2004, p. 379) †. In this study the role of work motivation of prospective employees played a centralRead MoreThe Hierarchy Of Needs Theory Essay1267 Words   |  6 PagesThe Maslows Hierarchy of Needs Theory Living beings act, and their behavior is driven by incentives, needs, and drives. Animals act only by their instinctive desires. The behavior of animals is due to instinctive desires rather than by thought. However, where does man s behavior originate from? Many psychologists have studied this topic with interest. Man s behavior is also influenced by human desires. However, how human desires influence human behavior is a very important issue. OnRead MoreIntroduction To Motivation Theory And Its Influence On Marketing Essay1331 Words   |  6 Pagesintroduction to motivation theory and its influence on marketing INTRODUCTION Marketing occupies a very important part in the development of the company. â€Å"Marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods, and services to create an exchange and satisfy individual and organizational objectives.†( American Marketing Association 2004) But how marketers know why consumers do what they do and what product they need? Having a good understandingRead MoreThe Importance Of Motivation And Motivation Theory1401 Words   |  6 Pagesperformance. Therefore motivation is one of the most complex and important topics in industrial and organizational psychology (Smither ,1997). The main purpose of this essay is to explain different kinds of motivation and why it is necessary, and create a proper motivation mechanism for the company. On the one hand, I studied current research and research different motivation theories. On the other hand, I will compare the common and different things among these motivation theories, and try to findRead MoreMotivation, As The Causes Of Our Behaviour1644 Words   |  7 PagesMotivation Introduction Mitchell (1982, p.82) describes motivation as â€Å"the degree to which an individual wants and chooses to engage in certain specified behaviours†. Hence, in general, behaviour is determined by certain motives, thus, Vroom and Deci (1992, p.33) considered motivation â€Å"as the causes of our behaviour†. Moreover, according to Mullins (2013, p.245) motivation is concerned with question â€Å"why do people do what they do?†, because motivation is an inner driving force which leads to particularRead MoreEvaluate The Theory Of Motivation From Humanistic Perspective Essay1624 Words   |  7 Pagestheory of motivation from the Humanistic perspective. By Marialena Posteraro Throughout this paper evaluation of motivation from a Humanistic perspective will be examined. Motivation is the drive within humans that makes us act, it is a process that influences goal directed behavior. Drives are considered internal factors that push an organism into action. Throughout our lives, we have certain drives within us that motivate us to behave and act in a certain way to fulfill our needs and desiresRead MoreAbraham Maslow s Theory On Motivation1390 Words   |  6 PagesAbraham Maslow Many psychologists have been influential in the field of psychology but one of those that has achieved this more than most was Abraham Maslow. Abraham Maslow (April 1, 1908- June 8, 1970) was an American psychologist who is best known for his theories on motivation, his hierarchy of needs and as being one of the founding fathers of humanistic psychology (Popova, date unknown). As he is largely associated with such themes such as motivation, needs and humanistic psychology the assignmentRead MoreStrengths And Weaknesses Of The Assessment Of Your Psycap1403 Words   |  6 Pages Using Strengths to Increase Motivation Upon completing the PsyCap self-assessment, I received a feedback of â€Å"High level† in all of the categories. Just like the Big Five assessment, I was unsure what the assessments had to do with my efforts in work, until I dug deeper into the reading material; in which, changed my perspective on the assessments. According to Fred Luthans a professor at University of Nebraska, states â€Å"those with high levels of positive psychological capital, also known as, â€Å"PsyCap†Read MoreEvolution Of Educational Theories : Learning And Student Centered Learning848 Words   |  4 PagesEvolution of Educational Theories Looking into most classrooms an educator can be seen implementing Abraham Maslow, B.F. Skinner, or Maria Montessori’s motivational techniques. Abraham Maslow’s research led him to believe that an individual has: physiological needs, the need for safety, the need for love and belonging, the need for esteem, and the need for self-actualization. B.F. Skinner believes that an individual can learn through positive and negative reinforcement called Operant ConditioningRead MorePersonality Analysis on The Breakfast Club1372 Words   |  6 Pagesnumber of individual and complex personalities. It is visible in the film that each teenager has their own traits and characteristics due to various circumstances such as; environmental and parental influences . The character focus will be John Bender, the so-called the criminal of the five teenager s . Upon first glance, Bender seems to be the average high school bad boy getting his position in this specific detention for pulling a false fire alarm . This gives viewers th e idea that his character