subject: Writing a day spa business plan [print this page] Writing a day spa business plan Writing a day spa business plan
The first question you need to answer before writing your plan - what is a business plan? In short it is a blueprint for your day spa business presenting anyone who looks as it what the goals of the business are and also shows how those goals should be achieved.
Without a plan it is doubtful that would-be "angel investors" and the like will invest in your day spa business if that is your requirements to start it up or if you need to take it to the next level
The day spa business plan should be modified for the potential lender or the financier. The subject matter of the plan ought to replicate the would-be interests of the lender and promote support for your day spa business venture.
Your business plan isn't just for getting you the investment you need - it's main objective ought to be to point the direction in which your day spa business is going.
Don't fill your business plan with convoluted text for the sake of it - your financier might not have a clue about the prospective business - just a shed load of cash that they want to throw at new businesses - they aren't necessarily going to known the day spa business acronyms that you use on a day to day basis. Don't be afraid to use diagrams in your plan - this will break it up as well making it easier to read.
Take a crack at making the plan as optimistic as possible but do not shy away from any obvious problems there may perhaps be in setting up your day spa business as your financier will more than likely have thought of them anyway; so if you can get their firstly and reply to the likely questions before they think of them so much the better.
Make a sound first impression by presenting the plan in a clear and professional approach by using a clear, simple design that conveys a professional image and steer clear of jargon, keeping the contents concise and hard hitting. Any technical or supporting information ought to be provided in the appendices.
Keep all the numbers between the main body of the plan and your appendices - if you put large sections of figures in the body of your document you will distract your backer from the flow of the day spa business plan.
If your business is a new venture then give background information as to why you intend to start it. State the major advantages of your product or service. Point to prospective markets and give details of your pricing policy and selling strategies. Identify the competition and outline your proposals for dealing with it. Be positive and succinct.
It is imperative that your backer (if that is what your plan is originally used for) believes in you and your group (if you have one). If you come to an backer having just had a brain wave..."wouldn't it be splendid to have my own day spa business" - you are going to get laughed out the door. You must demonstrate your awareness and display your experience and skill-sets as well as any other managers concerned in the day spa business. If you need any personnel highlight these in the appendices - it's fundamental that any essential roles in the day spa business are ironed out before you meet your financier - if it's a fundamental role you have need of for your day spa business then you won't get the money you need.
