Type of Service Business
Type of service business
The type of business that I have selected for this assignment is a Beauty Spa. I live in the Fashion Capital of the world New York. However, I feel that this industry has missed the minority market on a lot of levels. We love to spend Friday evening and all day Saturday in the salon getting our hair done. Preparing for the weekend party or just getting ready for church on Sunday morning. It is a big part of who we are and how we come together after the work week.
I used to work in a salon and I always felt that is was missing some elements that are essential to my community. In this business I would combine a place for men as well as a place for women to come together separately yet in the same location to get the things done that will make them feel special. It would have two levels and the men’s area would be very much what men look for when they go get their hair cut and the women’s place would have an area for facials, getting their nails and pedicures and even purchasing makeup. This will give us all the things we need to get together and still have a chance to get ready for the weekend and the coming work week. It is for the best that the business be a partnership. I come from a large family and I have been doing hair for quite some time. This business is something I know on many levels. I did hair to help me pay bills and keep my head afloat when times are hard. I keep m y license current and I still do the hair of some of my friends and family. I have lots of up to date equipment already and I go back to school often to see what new things I can learn to keep my skills current.
Sole Proprietorship or Partnership
I am choosing to open this business as a partnership. I chose this route because I don’t want to be the only person responsible for the business. If something should happen to me the business can continue on and still be successful. It also makes it easier to run this business because all the decisions don’t fall to one