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20Trend Setters Hair Studio — Sample Plan
5.0 Management Summary
Trend Setters will be organized and managed in a creative and innovative fashion to generate
very high levels of customer satisfaction, and to create a working climate conducive to a high
degree of personal development and economic satisfaction for employees.
Training classes to help improve employee product knowledge and skills will be conducted on
a regular basis. As the business grows, the company will consider offering an employee
benefit package to include health and vacation benefits for everyone.
5.1 Management Team
Stacey T. Spinale: Owner. Stacey has been a beautician for two years. A graduate of Bellaire
Beauty College in 1994, she has quickly developed the trade skills that have led to her
success. She loves dealing with people, and has the drive, ambition, and discipline to manage
the business and its employees. This career is her life -- her calling.
Frank D. Spinale, Jr.: Owner. Frank has a Bachelor's degree in Finance from the University of
Houston. He has extensive experience managing people and businesses. He has worked as a
business consultant for Office Organizers, Inc., and he is the owner of Guardian Financial
Group, a financial services company with over 120 clients and over $1.2 million under
management.
5.2 Personnel Plan
The personnel plan calls for a receptionist who will greet customers and receive payments for
services and products. There will be five hair stylists, one barber, one nail technician, one
facialist, and a massage therapist. Everyone but the receptionist will be contract workers, and
will be paid a sliding commission scale based on the amount of revenue created. Future plans
include the hiring of a shampoo technician as the business expands.
In the first year, assumptions are that there will only be three hair stylists, a barber, and part
time nail, facial, and massage technician until the business can build a reputation that will
attract others to work there.
Table: Personnel
Personnel Plan
1997
1998
1999
Receptionist
$14,400
$15,120
$15,876
Shampoo Tech.
$8,000
$12,400
$13,000
Other
$64,400
$80,000
$95,000
Total People
0
0
0
Total Payroll
$86,800
$107,520
$123,876
Pg 5
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