Cranium Filament Reductions SWOT Analysis

The company that I decided to do a SWOT analysis on is cranium Fila handst Reductions which is a cop salon. After reviewing their business political platform, I thought that it was very well write and detail-oriented. Below you forget find my swot analysis of the hair salon business plan Strengths This venture does commit experienced, creative leaders and lookers since Susan discerp (the owner) has years of management under her belt. Ms. Sever has through with(p) all of her research ab away the hair salon sedulousness. The indus strive is easy for anyone to start and dying a business which piddles for a competitive market.Ms. Sever has realized that customers atomic number 18 looking for quality work and with child(p) customer utility without paying(a) an arm and a leg so she has a plan to give to all of her clients needs. She likewise has a line of products that she will be sell in the salon. In my opinion I think that her market segments are markinged correct ly. Her target market includes men, women who cannot afford the expensive upscale salons, and women with children. She has a plan of hiring six experienced hair dressers and an experienced receptionist.Ms. Sever will be offering training to her employees so they can stay up to see on their skills. Weaknesses There were a couple of weaknesses that I found in the business plan. The weaknesses that I could see were located deep down the business target market segments. brainpan Filament Reductions thinks that young women with children would be a great target for the company. I can understand that their children need their hair have one as well but having children in the salon may disapprove other customers from approach in.Some people use salon snip as a way to take time for their selves away from their children so why would they want to deal with other peoples children at a salon. Another weakness is the fact that Ms. Sever is depending on males to make up about seventy to seven ty-five percent of their clientele. Depending on the standard prescertain(p) at the salon will determine whether or not men show up. If the salon seems to be too feminine then I highly doubt that men will be the majority of their clientele.Opportunities If brainpan Filament. Reductions actually keeps to their plan about providing high end customer service at a low cost then they will have a strong opportunity to strive. There are people out there that dont want to pay over $ blow for a haircut and some pampering so if they were to find a state of affairs that offered everything that they were looking for at a lower rate they would constitute regular customers. Regular customers would spread the word to their friends and family members and reviews about the salon would be all over town.Having regular customers would give Cranium Filament Reductions the opportunity to become well known around the neighborhood and possibly even the state. If Cranium Filament Reductions can actually make their projected profit for the scratch line year or double the profit, this may provide them with the opportunity to fatten the business or the services that they offer. They would be able to buy newer equipment, aerate their employees for new training, or even expand the product line.Threats I mean that Cranium Filament Reductions has underestimated the reactions from their competitors. Ms. Sever does realize that the hair salon industry is a highly competitive industry but I dont think that she understands the lengths that someone will go to make sure your business is not successful. Ms. Sever plans to do a lot of promotional things during the first couple months but that doesnt mean that another salon wont start to offer the same promotional items.Cranium will need to stay on their toes to keep their business booming. A change in customer taste does occur rapidly within the hair industry so cranium will need to be up to date with all the new trends and their skills. Com petitors may also try to compete with the product line that Cranium offers. Cranium will also need to be on the lookout for new up and coming salons. Everyone thinks that they have a passion for hair so this industry will always be increasing with competitors.Hair Salon Business envisionhttp//www.bplans.com/hair_salon_business_plan/appendix_fc.php