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Step 1
Evaluate the business plan's executive summary, the section that states the salon's mission, motto and purpose for the proposal such as Beauty Shop X seeks equipment financing. The executive summary gives an overview of why the business was developed.
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Step 2
Search for a company summary that reviews any start-up funds and the salon's location. See if this section contains information about the staff including details about the management team and other personnel.
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Step 3
Analyze the business plan by locating a products or services section. Look for lists of services such as perms, massages and nail care or products including hair and skin care items. Investigate the plan for a comparison against salon competition.
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Step 4
Find out if the business plan contains a marketing strategy area. The marketing section shows sales projections that detail monthly, quarterly or yearly figures. Determine if the financial forecast predicts a gradual increase over time.
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Step 5
Scrutinize the financial summary for an exact date the owner projects earning a profit. This part of the plan outlines when the salon breaks even. Evaluate it for details about whether income generated comes from hair styling, products sales or other methods. Look for cash flow projections and a profit and loss analysis.
