Pob Sba Essay

800 Words4 Pages
Profile 1: Organisational Principles Description of Business Thairaphy Salon is owned by Chai-An Waterman. It is a sole trader business and provides a service of cosmetology such as hairstyling, cosmetics and manicures/pedicures. The objectives of Thairaphy Salon are: 1. To create a service based on goals to exceed customer’s expectations 2. To increase the number of clients served by at least 20% per year through superior performance and word of mouth referrals and to develop sustainable start-up business, contributing to increase employment of the community residents. Thairaphy Salon mission statement is to provide reasonably priced convenient hairstyles. We exist to attract and maintain customers. When we adhere to this maximum, everything else will fall into place. Our service will exceed to expectations of our customers. Role of the Entrepreneur An entrepreneur is a person with overall responsibilities for decisions taking in a business, which receives profits and bears any losses. The three functions of an entrepreneur are conceptualizing the development of the business, planning a service of practical steps needed to bring the business concept to reality and to ensure a quality product is produced at an affordable price. Use of Technology Two types of technology the business will use are: 1. Appropriate hair chemicals and equipment and hair technology, including straightening and texturizers, flat irons and hair dryers, hair restorations and weaves and braids. 2. Use cellular telephones and text messaging to communication with our salon staff. The technology will produce these benefits: 1. Hair technology will improve hair growth from hair loss. Hair chemicals will improve softer manageable hair. Hair equipment will reduce staff time need for another client. 2. Communication technology will allow us to schedule dates

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