BACCADIS HAIR & STYLING

Owner’s name: Henry Asamoah

DESCRIBE YOUR BUSINESS:

Baccadis Hair and Styling, a thriving mobile salon with a loyal customer base of 78 regulars, predominantly working mobile and on services at the university campus of Garden City University, utilizing my skills to offer home and hostel delivery services, seeks a $1000 grant to expand its services and reach a wider clientele. This funding will be used to:

1. Rent a Space in a University Annex: By establishing a presence on a university campus, Baccadis can tap into a large and dynamic student population, offering convenient and affordable hairdressing services.
2. Purchase Essential Equipment and Materials: The grant will allow the salon to invest in high-quality hairdressing tools, styling products, and other necessary supplies to ensure efficient and stylish service delivery.

This expansion will not only increase the salon’s revenue but also contribute to the overall well-being and confidence of the university community. By providing accessible and professional hair care services, Baccadis aims to become the go-to salon for students and staff alike.

EXPLAIN THE PROBLEM.

Currently, the salon operates mobile, which restricts its ability to offer a diverse range of services and accommodate more customers. Additionally, the limited budget hinders the salon’s ability to invest in modern equipment, high-quality products, and staff training.

EXPLAIN YOUR SOLUTION.

To overcome these limitations, Baccadis seeks to expand its operations by renting a space in a university annex. This strategic move will provide the salon with a larger and more accessible location, allowing it to attract a new customer base of students and staff.

By securing the necessary funding, Baccadis can invest in essential equipment and materials, enabling its stylists to deliver top-notch services and enhance the overall customer experience. This expansion will not only boost the salon’s revenue but also contribute to the well-being and confidence of the university community.

BUSINESS MISSION STATEMENT:

To empower individuals through the art of hairdressing, providing exceptional services that enhance beauty, boost confidence, and leave a lasting impression.

HOW LONG HOW YOU BEEN IN BUSINESS?

Four (4) months

YOUR NET INCOME

Within a month I am able to make $455.45 expenses of $264.38 and a net profit of 147.71 in the month of September 2024.

SERVICE OR PRODUCT  DELIVERABLE:

Service Deliverable:

Baccadis Hair and Styling primarily delivers hair care services. These services include:

• Haircuts
• Styling
• Coloring
• Perming
• Treatments (e.g., deep conditioning, keratin treatments)
• Updos
• Braiding and locking
• Extensions

DESCRIBE YOUR BEST CUSTOMER:

While my ideal customer profile is quite broad, we cater to a few specific segments:

Students and University Professionals: This demographic is often budget-conscious but still desires trendy and stylish haircuts. They appreciate affordable pricing and quick, efficient services.

WHY CUSTOMERS DO BUSINESS WITH YOU RATHER THAN WITH YOUR COMPETITORS?:

  Personalized Service: We believe in building strong relationships with our clients. Our stylists take the time to understand individual preferences and needs, tailoring each service to create a truly personalized experience. 

  Skilled Stylists: I am a highly trained and experienced stylist, who stays up-to-date with the latest trends and techniques. I possess the expertise to execute a wide range of styles, from classics to avant-garde.   

  Quality Products: I use only premium hair products to ensure optimal results. My commitment to quality ensures that my clients’ hair remains healthy and vibrant.

LIST YOUR SERVICES OR PRODUCTS  AND THEIR PRICES:

1. Hair barbing – Adult $6.05, children – $4.42
2. Shaving – $3.02
3. Waves – $12.10
4. Hair dying – $2.42
5. Dreadlocking ( starter) – $60.50
6. Hair washing – $2.11
7. Dreadlocks maintenance – $6.05
8. Dreadlocks extension – $12.10

HOW DO CUSTOMERS KNOW THAT YOU EXIST?:

 Word-of-Mouth Marketing:

• Satisfied Customers: My loyal customer base is our best marketing tool. Satisfied clients often refer to friends and family, generating organic growth.
• Targeted Advertising: Utilizing social media advertising platforms to reach specific demographics and interests can help generate leads and drive traffic to the salon.

  Local Partnerships:

• University Collaborations: Partnering with the university to offer exclusive discounts or promotions to students and staff can increase visibility and attract a new customer base.
• Community Events: Participating in local events, such as fairs, festivals, or charity events, can help build brand awareness and connect with the community.

WHY DID YOU CHOOSE THIS BUSINESS: 

  Evergreen Demand: Hair care is an essential human need, ensuring a consistent and reliable demand for our services. 

  Creative Expression: Hairstyling offers a creative outlet to experiment with different styles, colors, and textures, allowing stylists to express their artistic abilities. 

  Personal Connection: The hairdressing industry provides an opportunity to connect with people on a personal level, building relationships and fostering trust. 

  Potential for Growth: The industry is constantly evolving with new trends and techniques. By staying updated and adapting to changing preferences, we can continue to grow and expand our business. 

  Financial Rewards: With dedication and hard work, hairdressing can be a lucrative career, offering the potential for significant financial rewards.

LIST YOUR TOP WAYS TO FIND NEW CUSTOMERS:

Word-of-Mouth Marketing:

• Satisfied Customers: Encourage happy clients to refer their friends and family.
• Targeted Advertising: Use social media advertising to reach specific demographics and interests.

3. Local Partnerships:

• University Collaborations: Partner with universities to offer discounts or promotions to students and staff.
• Community Events: Participate in local events, fairs, and charity events to increase visibility.

Business activities here and give a brief explanation of each:

1. Different types of dreadlock services I render, my poster
2. Offering a home service to a university client in front of his hostel (hair braiding).
3. Giving a low-cut hairstyle to the son of an Associate Professor at Garden City University.
4. Finished braiding a university student’s hair, foamed, and giving final touches.

 HOW WILL YOU USE THE MONEY? (Include pictures of the product/Services (s) 

Electricity (monthly): $19.85

Water (monthly): $6.05 

Barbering Chairs (3): $113.42

Sofa: $59.23

Mirror (large): $22.68

Store Rent (monthly): $39.38

Permit (monthly): $17.88

Bench, Plywood Paneling: $201.64

Shelves: $47.51

Painting: $81.92

Fun, Ceiling: $32.14

Medical: $12.60

Standard  Sterilizer(big): $126.03

Plugs, Extension board: $103.34

Wiring, Lighting: $36.55

Signboard (large): 94.52

Hand dryers (3): $28.36

Shaving machines (3): $75.62

Others: $3.11

Income statement 

Cash flow statement:

Family and picture

My family consists of my sisters’ kids. I have two sisters, one is dead, and she left behind 2 kids, as well as my living sister who is a single parent with a kid, and my brother who has recently completed senior high school.

 

CONTACT DETAILS:

Phone number: +233557765854

Email: henryasamoah2233@gmail.com

Course Facilitator Details

Name: Emmanuel Osei 

Phone:+233554807083

Email: entrapovkumasidistrict@gmail.com