Business Plan - Trailblazer Spa

Introduction1

Company Profile1

The Business Description1

Products & Services3

Form of Business3

Chart of Accounts4

IFRS & GAAP - Impact on Business5

Pro Forma Balance Sheet and Income Statement6

Internal Controls8

Resistance to Internal Controls9

Regulatory Environment9

References10

Business Plan - Trailblazer Spa

Introduction

The business plan is a formal document that entails the details about the business that an entrepreneur is going to establish (McKeever, 2012). It includes the statement of purpose of its establishment, business goals that it wants to achieve, and the actionable strategies, targeted to achieve the business goals. Usually a good business plan includes the background information, problem analysis and how the business solves the problem and the team going to achieve the business goals. Sound business plans include the marketing plan, financial plan and the organizational layout or plan.

The business plan structured for is an organization, intended to operate in a beauty care industry and its core business is hair and salon spa. The suggested name of the hair and salon spa is “Trailblazer Hair & Salon Spa”.

Company Profile

The Business Description

Trailblazer Hair & Salon Spa is a proposed business that will provide full-featured servicesrelated to a beauty salon. The business intends to create a higher customer value through achieving consumer satisfaction by rendering outclass services, high quality services & products, and providing an enjoyable ambiance at an acceptable threshold of price. The company's price/value relationship is higher and therefore expects a higher response from the market. The company's management will focus upon the maintenance of a healthy, creative, fair & friendly environment that always welcomesdiversity, hard work and innovation.

The purpose of the organization intended to be established i.e. its mission statement is described below:

“To provide products & services that deeply augments the consumer's mental relaxation and their physical appeal”

The Trailblazer's motto is “Fashion Nurtures Here!” The business is intended to solve the problem of the consumers that are concerned about their look and appeal and through their higher-than-competitive-necessityservices;it is a right timing to start this new venture.After an extensive effort made by the owner to find a prime location for the business, according to the consumer's feasibility, reach and business's operational structure, the owner has found one successfully. The great potential of the business is vivid through the procurement of the highly experienced personnel and the qualified beauticians, owner's zeal, passion & aim to start his own salon one day, and the demand penetrating in the market from the owner.

The owner of the business, along with his co-owner, both of them possess the vast successfulpast-track in the salon business. They have worked for about four years together in a salon named as “Look Cool Spa”, located at Texas and share a strong mutual understanding. Through the hard work, passion, dedication and the talent, the owner has made his own name in the market.The successful past track along with talent, repute and strong relationships in the industry are the strengths or the key points that ensure the success of the business.The anticipated growth is going to augment in the foreseeable future vividly through the collaboration and ...