Spa Knowledge Base
Spa Business Plans 10 Questions Your Business Plan Should Answer
1. What is the market potential for your company's product or service? What is the revenue potential for the industry, and what is its growth rate? While all firms have different... ![]() ![]() ![]() ![]()
July 13, 2004
Views: 7754
10 Steps to Take Before Developing Your Spa Concept
Study the general market characteristics of the proposed area, including economic and demographic factors Review specific economic indicators of the local area to determine the overall strength... ![]() ![]() ![]() ![]()
April 15, 2004
Views: 4351
7 Key Elements of A Business Plan
SUMMARY STATEMENT The summary statement should enable prospective investors to identify and understand the highlights of the business plan Note: Although the Summary Statement appears first in the... ![]() ![]() ![]() ![]()
April 15, 2004
Views: 11548
9 Things To Consider Before Diving into the Spa Business
1. How essential is spa experience prior to owning your own spa? For me, on the one hand it was not necessary, because all of the skills that I had developed in the restaurant industry easily... ![]() ![]() ![]() ![]()
August 14, 2007
Views: 1334
Determining Staffing Requirements
Determining your staffing needs can be very tricky. Remember, at this point you are not developing a staff schedule, you are rather estimating your staffing costs to project your expenses. So, for... ![]() ![]() ![]() ![]()
April 16, 2004
Views: 2942
I Want to Open My Own Business Someday! Are You Really Ready?
By Douglas Preston Whether you’re an esthetician, body therapist, hairdresser or manicurist, chances are you’ve dreamed of running your own spa or salon one day. It’s an attractive prospect, isn’t... ![]() ![]() ![]() ![]()
October 11, 2005
Views: 2922
Positive Market Characteristics
à Large number of households in surrounding communities ![]() ![]() ![]() ![]()
April 11, 2004
Views: 3800
Questions to Ask When Defining the Competition
Define your competitive set? Do you think it will be the same in five years? ![]() ![]() ![]() ![]()
April 11, 2004
Views: 2844
Questions to Ask When Defining Your Target Markets
1. Who are the potential users of specific types of spa services in your target area? ![]() ![]() ![]() ![]()
April 11, 2004
Views: 3430
Sample Table of Contents for a Day Spa Business Plan
1.0 SITUATION ANALYSIS 1.1 BUSINESS DESCRIPTION 1.2 OBJECTIVES 1.3 DEVELOPMENT... ![]() ![]() ![]() ![]()
November 10, 2003
Views: 33975
Scanning the Environment: Seven Procedural Steps
Keep tabs on broad trends Determine relevence of a trend Study the impact Forecast the direction Analyze the momentum Study opportunities Relate the trends to strategy ![]() ![]() ![]() ![]()
April 11, 2004
Views: 2579
Spa Concepts International's Steps to Business Plan Development
I. Executive Summary II. Company Description A. Legal Form of Business B. Company’s M ![]() ![]() ![]() ![]()
July 30, 2004
Views: 18568
Spa Market Research and Feasibility: Compiling the data required to support the investment
Making the decision to build a spa involves a substantial capital investment in a business that has unique nuances and is very different from the hotel business. Today, spa is a requirement in most... (No rating) December 9, 2006 Views: 1094 Steps to Take Before Developing Your Spa Concept
· Study the general market characteristics of the proposed area, including economic and demographic factors ![]() ![]() ![]() ![]()
April 11, 2004
Views: 4421
Tips for Organizing your Business Plan
A business plan is above all a presentation device to potential investors. The business plan includes a generalized narrative, planning assumptions, and detailed financial projections. Above all,... ![]() ![]() ![]() ![]()
April 11, 2004
Views: 8022
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