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Executive Summary

In this section the flow of the whole study is discussed comprehensively

based on its specific part.

Services

Nico Lei Salon offers that variety of services specifically for hair, face and
nails. Haircuts, colors, relax, rebond, shampoo, conditioning, curling, waving,
brazilian, and hot oil. Nail services includes manicures, pedicures, polish and
sculptured nails. Nico Lei Salon also offers make-up services. This services can
make every customer beautiful and prettier.

Technologies

Upgraded technological capability will be required for the salon toward

offering services. The Razor, Hair Dryer, Hair Iron, Hair Curler are the
technologies that consider as a part of the hair service. Lights, Air Conditioner,
and Television are also another technologies use which is relevant in the
business operation.

Service Marketplace

The business Nico Lei Salon is located at Calumpang Highway, General

Santos City. The business sited in this particular area because it is near in public
area specifically the school and canning as well as fishing companies.

Marketing Strategies

Nico Lei Salon uses tarpaulin as well as brochure in order to determine

the services. This is part of the marketing strategy of the business since it helps
in persuading customers and this also gives attraction to the target consumers.
The business also have Facebook page where customers can visit in order to
know the recent promos and the activities that the business are conducting.
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Schedule

The schedule contains the activities of business operation before the

business, during and after. Before the business operation there is the planning
and thinking for the business. During the business there is the employees’
schedule. Lastly after the business operation the computation of service revenue
and the giving of employees salary.

Organization and Staffing

The owner is the person is the one who operates the business and
manages the whole staff of the business. The firm consists of two hair stylist who
does the hair treatment of clients and styles the hair, manicurist who does the
nail care of the clients, one make-up artist and one cashier that manages the
money cash in and cash out. Every businesses should have a good staffs so that
the business venture softly and feasible.

Financial Projections

The financial projection of the business for first year operation of the
business the net income is 24,600 which mean that the business is earning a
profit but not that high. But as the year pass by the business continuously getting
higher and higher net income. There’s a big difference in each year which imply
that the business is feasible and ceaselessly growing.
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Services

Nico Lei Salon offers variety of services. Wide range of services for
customers’ face, hair and nail beautification. The services can greatly help every
individual or customers in achieving their dream hair and look as well as nail
designs and improvements. Nico Lei Parlor includes the following services:

Hair. Cuts, colors, relax, rebond, shampoo, conditioning, curling, waving,

Brazilian, hot oil. This are the services for hair. Haircuts and color with different
styles that fits to customers look. Shampoo, Hot oil and Conditioning makes the
customer’s hair smooth and shiny. The best hair services that the business offer
are the Hair Relax, Rebond, Curling, Waving, and Brazilian because it uses good
quality and well known medicine and it makes the customer looks good and
gorgeous.

Nail. Manicures, pedicures, polish. This are the services for nail. It
basically clean, and makes you nail look nice. Wherein customer can choose
what color, design they prefer.

Make-up. This services that the company offers basically makes the
customer good looking and gorgeous. The makeup use is not irritating and it
can’t bring bad effect to the customers face since the makeup use is tested and
checked by specialist.
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Technology Considerations

Nowadays generation, upgraded technology are very in demand so that

every business can make their work easier. Nico Lei Salon uses technology for
them to satisfy the customers one of the example is the air condition. It is very
important for a business like Nico-lei Salon so that their customers will feel
comfortable while waiting for their turn.

For a business it is important to have complete equipment for the better

good services to a customer. So the customer will satisfy their good quality and
service.

Hair Dryer. A hair dryer is an electromechanical device that blows

ambient or hot air over damp hair to speed the evaporation of water to dry the
hair. Blow dryers enable better control over the shape and style of hair

Hair Iron. Hair irons  are designed to temporarily modify the shape/texture

of hair. The straightened effect will usually be reversed by environmental factors,
mainly contact with water from washing, rain, and humidity.

Electric Razor. Electric Razor is use to easily cuts the hair especially for
men. It also use for designing a hair styles.

Hair Curler. Hair Curler is a mechanical device consisting of a cylindrical

tube around which the hair is wound to curl it or simply it is a tool that use to curl
a hair.

Air Conditioner. Air conditioner makes the business or the store more
comfortable during hot, humid and any other season.

Lights. Lights is equipment in a home, workplace, studio, theater, or

street for producing light. Its use is to give vision to people or to simply provide
lights in the store.
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Television. Television is use for the entertainment of customer when they

are waiting or even during the conduction of service and as well as if they are
paying.
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Service Marketplace

The business Nico Lei Salon is located at Calumpang Highway, General

Santos City. The business sited in this particular area because it is near in public
area specifically the school and canning as well as fishing companies. This
specific place is very accessible and reachable to the target customers.

There is also big number population of the people living near the
marketplace. The more people near the location, the more profit the business
can earn. Most of the people also are in middle class which can afford the
different services.

Since the location is inherited in public place there are a lot of competitors
to be considered also. The possibility of new entrants of another competitor can
also one to be consider but this are just symbolizing that the marketplace of the
business Nico Lei Salon can be easily reached by the target customers.
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Marketing Strategies

Satisfy Clients. Our marketing strategy is beneficial to the customer and

as well as to the business, to satisfy clients are our best marketing tool. To
satisfy clients we will provide a good quality of service that the customer
deserved. When a client leaves our business with a new look, he or she is
broadcasting our name and quality to the public.

Tarpaulin and brochure. Nico Lei Salon uses tarpaulin as well as

brochure in order to determine the services. This is part of the marketing strategy
of the business since it helps in persuading customers and this also gives
attraction to the target consumers.

Facebook Page. The business also have Facebook page, twitter account
and Instagram where customers can visit in order to know the recent promos and
the activities that the business are conducting. Also it helps to promote the
services that the business offer because nowadays people spending much time
to the social networking site, it means that it easily spread the information about
the business.

Flyers. The business will distribute a flyers in General Santos City so that
other people get read and notice out business and especially the services that
we offered. Flyers help the business to easily distribute information about our
business services offered in just a simple piece of paper.

Discount. One of the business marketing strategies is the discount where

it gives discount to the customers who are pioneer and always availing to the
services that the business offer. Giving discount to the customer is beneficial to
the business because it establish good relation between the business and to the
customer and also it beneficial to the customer because they can simply save
more money.
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Organization and Staffing

Organization consists of individual members who are working for one goal
in its business. Staffing means group of people who work for an organization.
This is the member of society who contributed well and gives services to the
consumer. Task allocation, supervision and collaboration is few of the aspects
that must be considered when designing an organization and assigning a task to
reach the common goal which is to provide good quality of product and services
to the customer. Every businesses should have a good staffs so that the
business venture softly and feasible.

Owner

2 HAIR MAKE-UP 2 NAIL

STYLISTS ARTIST SPECIALIST

CASHIER

Owner. The owner is the person who invested the money that use as a capital
for venturing the business, buying the needed things and paying for the license.
Owner is the one who operates the business and manages the whole staff of the
business. The owner also monitor if the business is improving and gaining profit.

Hair stylist. The firm consists of two hair stylist who does the hair treatment of
clients and do the different hair styles. They are the person who are involved and
responsible in doing the services related to hair treatment.

Nail specialist. The firm has a two nail specialist who simply does that nail care
and design. Specifically they do the manicure, pedicure and nail polish that the
business offers.
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Make-up Artist. The firm consist of one make-up artist who transform the
customer into a beautiful and gorgeous one.

Cashier. The business consist of one cashier that manages the money cash in
and cash out. They are the one who received the payment of the customer for
the services they avail.
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Schedule

The schedule is very relevant in putting up a business since it states all

about the plans and when the business will be started. The schedule gives
information about the proper order and procedures on when the business
happened and operated.

Activities Date
Planning about the Business October 1-3, 2018
Searching of the Location (rent) October 4-7, 2018
Checking of Facilities October 8-15, 2018
Designing the place October 16-18, 2018
Purchasing of Supplies and Equipment October 19-21, 2018
Seeking of Person to be Employed October 22-25, 2018
Preparing of Business Licenses October 26-29, 2018
Setting up the Business October 30- November 5, 2018

Before Business Operation

The table shows the activities before operating the business. There are
plans ahead in order to have an organization as soon as the business started.
The corresponding date schedule refers to the time when each activity would be
done.

Business Operation

Opening date of the Nico Lei Salon is November 6-7, 2018. The table
below shows the employees’ time schedule.
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Person In Lunch Break Merienda/Siesta Out

Involved
Hairstylist 1 8:00 12:00-1:00 3:00 9:00
Hairstylist 2 8:00 12:00-1:00 4:00 9:00
Nail Specialist 1 8:00 11:00-12:00 3:00 9:00
Nail Specialist 2 8:00 12:00-1:00 3:00 9:00
Make-up Artist 8:00 11:00-12:00 4:00 9:00
Cashier 8:00 11:00-12:00 4:00 9:00

The table above presents the employees’ time schedule every day.
Different employees in every services which has the same time in and time out at
8:00 am and 9:00 pm consecutively. Every worker also has their lunch break and
“merienda” or siesta time in the afternoon.

After the Business Operation

As the business already operated and gets its revenue there are activities
to be done so that the business will continuously operate. The business will rip its
money from the hard labors of the workers as well as the owner.

Activities Date
Computation of the Service Revenue November 30, 2018
Giving of Cashiers’ Salary November 30,2018
Checking the Business Profit December 1, 2018

The table presents the activities of Nico Lei Salon after the month of
working. As the month ended the service revenue will be determined in order to
understand if the business has the ability to give salaries to its employees. Then
checking of profit in every first day of the next month to distinguish whether the
business will continue to run.
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Financial Projection

Expenses
Supplies and Materials Quantity Price Total Price
Hair Blower 2 ₱600 ₱1200
Hair Iron/Curler 2 ₱1500 ₱3000
Hair Comb 4 ₱100 ₱400
Hair Net 2 ₱50 ₱100
Hair Medicine Set 10 ₱1500 ₱10500
Hair Color 5 ₱500 ₱2500
Clip Set 1 ₱100 ₱100
Apron 2 ₱100 ₱200
Razor 2 ₱1500 ₱3000
Hair Scissor 3 ₱500 ₱1500
Hair Spray 1 ₱200 ₱200
Nail Cutics Set 3 ₱1000 ₱3000
Pusher 4 ₱50 ₱200
Acetone 10 ₱50 ₱500
Martaullete 10 ₱50 ₱500
Nipper 2 ₱100 ₱200
Nail Pile 2 ₱100 ₱200
Cotton 20 ₱20 ₱400
Nail Brush 2 ₱50 ₱100
Make-Up Set 1 ₱10000 ₱10000

Total ₱37800

The table elaborate the supplies and the materials that the business will
be able to use. Each items have its corresponding price and quantity. Then in the
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last column the total that we can get through computation or multiplication of
quantity and the corresponding prices.

Other Expenses

Particulars Value
Mirror ₱5000
Chair ₱15000
Air-conditioned ₱10000
Furniture ₱10000
Operating Expenses:
Rent Expense ₱120000
Utilities Expense ₱96000
Cashier Salary Expense ₱90000
Total ₱346,000

The table shows the others expenses that the business paid. This
expenses will be used in the operation of the business. The operating
expenses are already computed based in a year.

Services Financial Projection

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Services Time Customer Employee Price Service Labor Yearly

for hair /day s involved Revenue expense Income
/day (40%)

Cut 30min 26 2 ₱50 ₱1300 ₱1040 ₱93600

s
Relax 1hr 13 2 ₱300 ₱3900 ₱3120 ₱280080
Color 30min 26 2 ₱150 ₱3900 ₱3120 ₱280080
s
Rebond 4hrs 3 2 ₱1500 ₱4500 ₱3600 ₱324000
Curling 2hrs 60 2 ₱1000 ₱6000 ₱4800 ₱432000
Waving 2hrs 6 2 ₱1000 ₱6000 ₱4800 ₱432000
Styles 5hrs 2 2 ₱2000 ₱4000 ₱3200 ₱288000
Brazilian 3hrs 4 2 ₱1000 ₱4000 ₱3200 ₱288000

The table tackled about the services for hair which has two (2) workers or
employees involved. The time that it can be done and the possible customer if
this time function will be used. The value of each services and the revenue per
day. For the labor expense where 2 hair stylist involved has 40% commission
each customer they offered a service. The last column entails the annual income
for hair beautification.

Services Time Customer Employees Price Service Labor Yearly

for nails /day Revenue expense Income
/day (40%)

Manicure 1hr 13 2 100 1,300 1,400 93,600

Pedicure 1hr 13 2 100 1,300 1,040 93,600

Polish 40mins 15 2 80 1,200 960 86,400

The table tackled about the services for nails which has two (2) workers or
employees involved. The range of time that possibly can be done. The value of
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each services and the revenue per day. For the labor expense where 2 nail
employees involved has 40% commission each customer they offered a service.
The last column shows the possible annual income for the nail service.

Service Revenue 481,600

Less: Operating Expenses

Rent Expense 120,000

Utilities Expense 80,000

Supplies Expense 37,000

Cashier Salaries 90,000 327,000

Net Income 153,800

Nico Lei Salon
Estimated Income Statement
For the year ended December 31, 2018

A financial projection is an estimate future financial transaction and

revenues of the business. A financial projection may come from accounting,
sales and expense data in specific period of time which is usually a month or a
year. It helps the business to achieve and meet their goals and to simply give hint
to the business on the future outcomes related to income and expenses.