In your company analysis, you will detail the type of barber shop you are operating.
For example, you might operate one of the following types:
- Traditional barber shop: the traditional barber shop is typically a long-established neighborhood shop that is great for traditional hair cuts.
- Independent Contemporary: this type of barber shop is typically run by an experienced barber who is either new to the area, or branching out on his/her own. This type of shop will offer traditional and trendy hair cutting services.
- Ethnic Specialty: this type of barber shop specializes in a particular hair type, such as Asian, African, Latino, etc.
- Franchise: this type of barber shop typically provides fast, inexpensive cuts.
In addition to explaining the type of barber shop you operate, the Company Analysis section of your business plan needs to provide background on the business.
Include answers to question such as:
- When and why did you start the business?
- What milestones have you achieved to date? Milestones could include sales goals you’ve reached, new store openings, etc.
- Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.