hairdressing business plan in nigeria

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Hair Salon Business Plan in Nigeria (2024 Doc)

Hair Salon Business Plan in Nigeria 2024 Template

The hair & beauty shop business plan in Nigeria is a budding enterprise that is able to sustain and give an economic upgrade. The truth is that everyone wants to look good , this is not particular to one gender alone, that is why you have different hair salon almost in every street today in Nigeria.

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On numerous occasion, I’ve heard people use the phrase “ Looking good is good business ” perhaps what that line of thought tries to explain is that in order to look the part, you need to spend to look it. And having a nice hair cut contributes to this move. What the hair salon business plan pdf doc will help you achieve includes, identifying those areas where you never thought will be important in your hair salon business.

Getting one of our hairdressing salon business plan in Nigeria template doc is a sign of great things to come. Be rest assured that this Hair Salon Business Plan in Nigeria covers for every type of hair salon business you want to start, especially if what you have in mind is starting a Unisex Salon Business, a salon that accommodates both the male and female hair makers, in fact the Unisex salon business is more flexible that most, since it accepts both male and female customers, in essence to stand a chance of having more customers to your salon.

To get the full business plan on Hair Salon Business Plan in Nigeria Template Doc + Feasibility Studies PDF, pay N10,000 to

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Once payment is made for the Hair Salon Business Plan in Nigeria Template Doc, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.

Everybody wants to look good does not mean they would want to do it in an unorganized place or hair dressing salon, planning how to make your salon the talk of town should be one of your priority. One of the things I’ve noticed with the hair salon business is the trend on how momentum moves from one beauty salon shop to another. This most times boils down to the following reasons;

• Customer service at the salon cannot be compared to the customer service received at other salon.
• Price of services rendered, sometimes if the price charged does not tally with the serves rendered, it tends to make customers to move to other shops.
• Environment and shop set up, customers are naturally attracted to shops with organised settings, in fact the organisation of some shops makes them to charge so high and most customers won’t even complain, for example, the price charged at “Black and White” at Polo Park Enugu will be high than what “veroxy” at trans-ekulu will charge in the same Enugu, their prices will as well be high than the roadside hair shop in the same Enugu.

The hair salon business is as old as any man can think, it is as old as fashion or tailoring business , right from the beginning, the human nature has always wanted those things that will make them comfortable in life, from the cloth they wear, to the shoes they put on, and then the type of hair style they also wear. Images from the olden days has shown us that, even in those days, people had hair cut and the ladies had their hairs done. Although not as sophisticated as it is now, however, the amount of professionalism cannot be equaled, given the type of equipment they used.

In all fairness, Hair Salon Business Plan in Nigeria is a lucrative one, reason being that every single person out their wants to look good, not just in what they wear, but the type of hair style they put on, since you get addressed by the ways you look, it has become paramount for most people to at least visit the hair beauty shop every week. And this is not particular to a set of people, even children are not left out.

The hair beauty business has always enjoyed a high level of patronage, and as I’ve explained, this boils down to how you agree to set up, and the more customers you get, the chances of getting high profit return at the end of the year. The business environment is littered with very lucrative opportunities which can make you huge profit.

Understanding The Dynamics Of The Hair Salon Business Plan in Nigeria

Often times, when the beauty salon shop is discussed, women comes to mind as the set of people who patronized these shops, however, recent reports has revealed that it is actually in the opposite. Men actually visit the hair salon more than women visit their beauty shops.

This is how it works;

• Women tends to visit say ones every two or three weeks, either to remake or have a little touch to their hair.
• While men visit at least ones every week, when you don’t, you become bushy and un-kept.

Some have argued that the price range is the reason for the disparity in how these sets of people visit the hair salon, while women are more prone to visiting salons as often as men, they seem to pay the higher fee for their hair, while men pay more and they visit salons a lot more often their women counterpart.

From my estimated fee calculation, I came up with these figures;

• At a hair and beauty shop like “Black and White” the fee charged for a single hair cut is N1,000 for man, while same hair cut for a woman goes for N1,500 including basic hair treatment like hair washing with shampoo.
• For a beauty shop that caters for fixing hair do for women, they charge as high as N2,000, and you will have to buy your hair. These attachment Hair are sold based on the hair quality, there are those sold as much as N50,000.

It is easy to see why the men frequent the hair salon more than men. It costs more to maintain a woman’s hair than is will cost a guy to walk into any hair salon to cut his hair. However, to make headway in this business in Nigeria, it will pay more to set up a salon caters for all sexes instead of a separate one for male or female.

Once payment is made for the Hair Salon Business Plan in Nigeria Template, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.

Hair Salon Business Customer Base

In the process of writing this post, we have discussed the customer based of a hair & beauty shop customer base, it was clearly stated the range and types of customers to expect at your business centre, see below

• The working class men – These group of customers have a tradition of visiting the hair salon at least ones every week, in most cases between Friday and Sunday, this is to enable them prepare for the new week in view.
• The working class woman – Unlike the working class men, she visits the salon but not as often as the men. She visits sparingly, say ones every month safe for some special cases where there is an occasion to attend.

The essence of running a is aimed achieve your business goals which most of the time is profit maximization. This article will provide you with some of those important factors that will help you in achieving your business goals and also a Hair Salon Business Plan in Nigeria Template Doc that can help you to build a classy unisex salon and then growing it into a business venture others will look up to.

Factor To Consider Before Setting Up A Hair Salon Business Plan in Nigeria

The successes to be recorded by your hairdressing & beauty salon depends on observing these business factors, see below;

Capital – You can raise your start up capital using any legal means, that that is needed is to have a capital. Your capital will determine how you want your business to look like, take for example, a hair salon business in Maitama Abuja will cost more to set up than the one in Karu, things to put into consideration includes rent and environmental fees, and then workers if you want to start in a big way. Your start up capital is very important to determine some important aspect of your business.

Location – Business location for a hair and beauty salon centre is vital to the success of the business, in as much as the business attracts people from all works of life, you need to site it in an environment where it will be seen. You can strategically site yours in a secluded estate, here everyone in the estate will have no other choice than to patronize.

Equipment – The best equipment are required to starting up your beauty shop, you don’t want a situation where your generator goes off while drying a customer’s hair or your clippers malfunction because they are fake, these things matter much in setting up your business. Some of the basic things you need includes;

• At least two clippers (If you are to work alone)
• Combs of different size
• Refrigerator
• Have storage facility for water (you can buy butter)
• Generator (Substitute for power)
• Hair creams
• Straighteners
• Television sets or a Cable tv
• Air conditioners
• Manicure kits
• Pedicure kits
• Towel warmers
• Sterilizing machines
• POS machine, etc.

Employ Quali f ied personnel – Unqualified personnel can ruin your business reputation, ensure you get the best hands to help in running your business. You don’t customers to avoid your shop because they feel your workers can make hair.

This is the Table Of Content for the Hair Salon Business Plan in Nigeria Template Doc

1.0 EXECUTIVE SUMMARY

• OWNERSHIP/LEGAL STATUS 4
• PRODUCTS/SERVICES 4
• KEYS TO SUCCESS 5
• KEY COMPETITORS AND PLAYERS 6
• SERVICE DELIVERY 6

MARKETING PLAN of the hairdressing salon business plan

• PROMOTIONAL/MARKETING STRATEGY 9
• MARKET SEGMENTATION 9
• SERVICE BUSINESS ANALYSIS 9

ORGANISATION AND MANAGEMENT

• LEGAL, REGULATORY, SOCIAL AND ENVIRONMENTAL ISSUES 11
• REGULATORY ISSUES 11
• SOCIAL ISSUES 11
• ENVIRONMENTAL ISSUES 11

FINANCIAL PLAN

• SUMMARY OF PROJECT COST. 12
• FIXED CAPITAL INVESTMENTS. 12
• UTILITIES 12
• OTHER OPERATING EXPENSES 13
• WORKING CAPITAL FORECAST 14
• TOTAL START-UP CAPITAL REQUIRED 14
• FINANCIAL PLAN of the business plan for hairdressing in Nigeria 15
• LOAN REPAYMENT AND SCHEDULE AND INTEREST PAID 15
• DEPRECIATION 16
• FORECAST OF PROFIT AND LOSS 16
• CASH FLOW PROJECTION 17
• FINANCIAL ANALYSIS 18
• PROFITABILITY ANALYSIS 18
• CASH FLOW PROJECTION 18

RISK ANALYSIS, CONTINGENCY PLAN AND EXIT STRATEGY

• RISK ANALYSIS 19
• SWOT ANALYSIS 19
• EXIT STRATEGY 20

 OTHER CONSIDERATIONS, CONCLUSION AND RECOMMENDATION

• ECONOMIC CONSIDERATIONS 21
• COMMERCIAL VIABILITY 21
• CONCLUSION 21
• APPENDIX 22

To get the full Hair Salon Business Plan in Nigeria Template Doc + Feasibility Studies PDF, pay N10,000 to

Once payment is made for the Hair Salon Business Plan in Nigeria Template Doc + Feasibility Studies PDF, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549 .

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This is the most Complete Guide on How to Prepare Your Own Hair Salon Business Plan in Nigeria:

Brief History on Hair Salon Business:

Table of Contents

Hair salons have a long history dating back to ancient civilizations, Infact in ancient Egypt, people used to shave their heads and wear wigs to protect their scalp from the sun. Barbers and wigmakers were highly respected and often served as advisors to the pharaohs. In the Middle Ages, barbers and hairdressers were usually men, and women were expected to do their own hair at home. In the 18th and 19th centuries, hair salons emerged as a place for fashionable people to socialize and get their hair styled. These salons were often owned by women and were seen as a place for women to gather and discuss social and political issues, As time went on in the 20th and 21st centuries, hair salons became more widely available and offered a wider range of services. Today, hair salons can be found in almost every town and city, offering a variety of services such as haircuts, styling, coloring, and treatments.

Now Every one Wants to start a Hair Salon Business but truth is that to be successful in this business you definitely need a hair salon business plan in Nigeria

Steps on How to Prepare a Hair Salon Business Plan in Nigeria

Here are some steps you can take in order to Prepare write a Hair Salon business plan in Nigeria:

• Define your Hair Salon target market: Identify the type of customers you want to serve and the location you want to target. Consider factors such as age, gender, income level, and geographic location.
• Describe your products and services: Detail the types of hair services you will offer, such as haircuts, styling, colouring, and treatments. Also, consider offering additional services such as makeup application or nail services.
• Develop a Hair Salon marketing plan: Identify how you will reach and attract your target market. This can include advertising, social media, and local partnerships.
• Create a financial plan : Estimate your startup costs, including rent, equipment, and salaries. Create a budget and forecast future revenue and expenses.
• Outline your management and organization: Describe the ownership structure of your business and the roles and responsibilities of your staff.
• Set goals and objectives: Identity specific, measurable, achievable, relevant, and time-bound goals for your business. These could include targets for revenue, customer satisfaction, and employee retention.
• Create an action plan: Develop a step-by-step plan for implementing your business strategy and achieving your goals.

By following these steps, you can create a comprehensive Hair Salon business plan in Nigeria that will help you effectively launch and grow your hair salon business.

Reading this you will Already know that to prepare a Salon Business Plan in Nigeria would definitely be time consuming, Well we have done the Hard work for you. We can help you prepare a hair salon business plan in Nigeria that is very comprehensive and below is the table of content we usually cover in our hair salon business plan in Nigeria, You can copy it to prepare yours if you want or you can contact us NaijaCEO , which ever works for you

Hair Salon Business plan in Nigeria PDF template:

• Executive Summary
• Description of Problem and Solution 2.1 Vision 2.2 Mission 2.3 Value Proposition 2.4 Business Objectives 2.5 Critical Success Factor 2.6 Current Status of Business 2.7 Legal Requirement 2.8 Contribution to Local and National Economy 2.9 Contribution to SDG
• SWOT Analysis
• Market Analysis
• Competitive Analysis & Risk Analysis
• Marketing Plan 6.1 Description of Product (S) or Service (S) 6.2   Potential challenges in the business industry 6.3 The Opportunity 6.4 Target Market 6.5 Marketing and Sale Strategy
• Production Plan/Operational Plan 7.1 Description of the Location/Factory 7.2 Raw Materials/consumables 7.3 Production Equipment/Capital Expenses 7.4 Equipment/Depreciation Table 7.5 Pricing strategy 7.6 Record/Stock Control Process 7.7 Pre-operating Activities and Expenses

8.0  Organization Structure and Responsibilities

8.1 Salary Schedule

9.0  Financial Plan

9.1 Start-Up Capital Estimation (Expansion Capital Estimation)

9.2 Loan Details

9.3 Business Risk and Mitigating Factor

9.4 Financial Projections

9.5 Sales Forecast And Sales Assumption

9.6 Income Statement (P&L) Account

10. Conclusion 

This Everything your Hair Salon Business Plan in Nigeria should cover and ours actually do follow this format.

What Is the Importance Of getting A Hair Salon Business Plan in Nigeria?

A good hair salon business plan is the foundation for any successful hair business in Nigeria. It will help you to organize your thoughts and ideas, and it will also help you to set up a realistic budget.

If you are thinking of starting a hair salon business in Nigeria or any where, then it is important that you create a good business plan or get one from us. This will help to organize your thoughts and ideas, as well as set up a realistic budget.

The way to start successful hair business in Nigeria is by first understanding the market and then mapping out a plan. The plan should include what you want to do, how you want to do it, and how you will measure success.

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Micah Erumaka

About Micah Erumaka

Micah Erumaka is the Founder of LiaonCEM solutions which owns NaijaCEO. He is an Internet Entrepreneur and a content creator. After the failure of his first company at age 18 he started NaijaCEO to help entrepreneurs with the information they need in operating a successful business in Africa

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Hairdressing business in Nigeria: how to start up, requirements and cost

Introduction

In the vibrant tapestry of Nigeria’s business landscape, the hairdressing industry stands as a beacon of opportunity. As the demand for hairstyling services continues to surge, establishing a hairdressing business presents a gateway to entrepreneurial success.

This comprehensive article will not only illuminate the key steps in kickstarting your hairdressing venture but will also delve into the nuances of the industry, unveiling strategies to optimize your business for success.

Steps in starting a successful hairdressing business in Nigeria 

1. Research and Planning: Laying the Foundation

Before diving into the world of hairdressing, meticulous research is your compass to success. Uncover the pulse of your target audience, discern market needs, and scrutinize the competition. This phase lays the foundation for a robust business plan, delineating your goals, services, and financial projections.

2. Legal Requirements and Regulations: Navigating the Landscape

The legal terrain can be intricate, but compliance is non-negotiable. From business registration to securing licenses and adhering to health and safety standards, navigating the regulatory landscape ensures a solid foundation for your hairdressing enterprise.

3. Location and Setup: choosing the right space 

Choosing the right location is akin to selecting the canvas for your masterpiece. Dive into the dynamics of foot traffic, accessibility, and competitor analysis. Once you’ve secured the ideal spot, the layout and design of your salon become pivotal, creating a welcoming atmosphere for clients.

4. Equipment and Supplies: Tools of the Trade

Equipping your salon with the right tools elevates your craft. From scissors and clippers to hairdryers and styling chairs, investing in quality equipment ensures optimal service delivery and customer satisfaction.

5. Hiring and Training Staff: Building Your A-Team

Your staff is the heartbeat of your salon. Rigorous recruitment, paired with ongoing training programs, cultivates a skilled and customer-focused team. Their expertise is your business’s greatest asset.

6. Services and Pricing Strategy: Crafting Your Offering

Craft a menu of services that resonates with your clientele. From haircuts and styling to additional spa and nail services, diversifying your offerings caters to varied customer needs. Establishing a competitive pricing strategy ensures your services remain accessible yet profitable.

7. Marketing and Branding: Making Your Mark

In the digital age, an online presence is paramount. Develop a website, harness the power of social media, and leverage online reviews. Local advertising, through flyers, business cards, and collaborations with neighboring businesses, further solidifies your brand in the community.

8. Client Management and Retention: Fostering Long-Term Relationships

Implementing a robust customer relationship management (CRM) system ensures personalized interactions with clients. Loyalty programs and discounts not only attract but also retain your customer base.

9. Financial Management: Navigating the Numbers

Setting up efficient accounting systems, monitoring expenses and revenue, and understanding taxation considerations are integral components of sound financial management. A meticulous approach to your salon’s finances safeguards its longevity.

10. Challenges and Solutions: Confronting the Obstacles

While the journey to success is paved with triumphs, challenges are inevitable. Staff retention and seasonal fluctuations are common hurdles. However, strategic solutions, such as effective management practices and diversification of services, can transform challenges into opportunities.

11. Focus on long term growth

Assessing your business’s performance is an ongoing endeavor. Explore opportunities for expansion, adapt to industry trends, and continuously improve. The trajectory of your hairdressing business is not just about today; it’s about sowing seeds for a thriving future.

Starting a hairdressing business in Nigeria is an exciting venture that promises creativity, flexibility, and potential profitability. However, like any business, it requires careful planning and adherence to certain requirements. Below, we’ll look into the requirements and costs associated with launching a standard successful hairdressing business in Nigeria.

Requirements and cost to start up hairdressing business in Nigeria 

1. Business Registration:

• Requirement: To operate legally, you need to register your hairdressing business with the Corporate Affairs Commission (CAC) in Nigeria. This process involves choosing a unique business name, completing registration forms, and paying the required fees.
• Cost: Business registration costs can vary, but budgeting around ₦10,000 to ₦20,000 is a reasonable estimate, including registration fees and professional services if needed.

2. Licenses and Permits:

• Requirement: Obtain necessary licenses and permits to comply with local regulations. This might include a health permit and local government business permit.
• Cost: The cost for licenses and permits can vary by location and the specific requirements of local authorities. Plan for an additional ₦10,000 to ₦20,000.

3. Salon Space:

• Requirement: Choose a suitable location for your salon. Consider factors like foot traffic, accessibility, and competition. Secure a lease agreement for the space.
• Cost: Costs for leasing a salon space can range widely based on the location and size of the space. In major cities, expect to budget between ₦50,000 to ₦100,000 per annum.

4. Salon Setup and Equipment:

• Requirement: Equip your salon with the necessary tools and furniture, including styling chairs, mirrors, hairdryers, and styling tools. Ensure the salon layout is conducive to efficient operations.
• Cost: Budgeting around ₦50,000 to ₦150,000 for initial equipment and setup is reasonable, depending on the scale and standard you aim for.

5. Staffing:

• Requirement: Recruit  few skilled stylists and support staff. Conduct interviews and provide necessary training to ensure a cohesive and customer-focused team.
• Cost: Salaries for staff will vary, but an initial budget of ₦50,000 to ₦100,000 for recruitment, training, and initial salaries is a realistic estimate.

6.   Services and Products:

• Requirement: Develop a menu of services and select high-quality hairdressing products. Establish relationships with suppliers.
• Cost: The cost of services and products can vary based on the brands and quality you choose. Budgeting ₦50,000 to ₦100,000 for initial product inventory is a prudent estimate.

7. Marketing and Branding:

• Requirement: Create a brand identity and invest in marketing efforts. Develop a professional website, leverage social media, and invest in local advertising.
• Cost: Marketing costs can vary, but allocating ₦10,000 to ₦15,000 for initial branding and promotional activities is a reasonable starting point.

8. Financial Management:

• Requirement: Mostly for large scale hairdressers, it is important to set up an accounting system to track expenses and revenue. Familiarize yourself with tax obligations for your business.
• Cost: Accounting software and services may incur costs, budgeting an initial fee of around ₦20,000 to ₦50,000 for financial management is a prudent approach.

9. Insurance:

• Requirement: Consider insurance coverage to protect your business and assets. This can include liability insurance and coverage for salon equipment.
• Cost: Insurance costs vary but budgeting ₦30,000 to ₦50,000 annually is a common estimate.

Starting a hairdressing business in Nigeria is an investment that involves careful planning and financial commitment. While the costs outlined above provide a general overview, it’s crucial to conduct thorough research and tailor your budget to your specific circumstances and location. Remember, success in the hairdressing industry not only requires financial investment but also a passion for the craft and a commitment to providing excellent customer service.

Embarking on the hairdressing business in Nigeria is not just a business venture; it’s an expression of creativity, resilience, and entrepreneurial spirit. Armed with knowledge, passion, and a commitment to excellence and meeting the basic requirements, you’re poised to unlock the doors to success in the dynamic and flourishing world of hairdressing in Nigeria

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How To Start Hair Business In Nigeria

• February 27, 2023
• No comments

How to start hair business in Nigeria — The Hair business is a lucrative one, it is among the fastest-growing industries in Nigeria as a lot of people are seeking hair grooming services and products daily, especially women. Starting a hair business can be profitable, especially in Nigeria, a country with a large and diverse population. In this article, we will provide a step-by-step guide on how to start hair business in Nigeria. Read on.

• How To Start a Hair Business In Nigeria

Below is a comprehensive article to guide you through starting a successful hair business in Nigeria;

1. Conduct a thorough market survey

Before venturing into the hair business industry, you must conduct extensive research on the market. Conducting market research will help you understand the hair industry better, the target customers, your competitors, and more. For instance, by conducting good market research, you get to know the type of hair in trend, the most bought hair, and the ones women like.

Additionally, the hair industry is quite vast and thereby can be divided into different categories including hair products, hair extensions, hair salon services, etc. When you conduct market research, you get to understand these categories. You would also identify and choose the area to focus on in the industry.

2. Write a business plan

After successfully conducting your market survey/research and choosing your interests in the hair industry, the next step is to create a business plan. The business plan should clearly show the business model you intend to follow, your target customers, the marketing strategies you will adopt, your capital, and more. You should also decide on the different services you will be offering to generate revenue such as providing hair salon services, selling hair products, etc.

Additionally, a well-written business plan will project the outcome of the business in the future. It will give you an insight into how to make profits from the business.

3. Get the required capital

  You require a considerable amount of money to successfully start a hair business in Nigeria. The exact amount you need depends mainly on the scale of the business. You can get funds for your hair business by using your savings, sourcing capital from family and friends, applying for loans and grants, seeking partners or investors, etc.

However, as a starter in the hair business, we strongly frown against borrowing money from microfinance banks or any other lending system to fund your business. This is because the interest rate might be too high, which might be bad for your new business. It is best to just use your savings, apply for grants, or seek funding from family and friends.

4. Obtain all the legal requirements

There are several necessary permits and licenses required to start a hair business in Nigeria. You should obtain all the legal documents from your local and state authorities. You also need to register your business with the Corporate Affairs Commission (CAC). It is also important that you follow all the tax requirements to avoid attracting any legal problems for your hair business going further.  

5. Hire a shop or space

Renting a shop for your hair business is pivotal, except if you intend to offer online or in-house services. Meanwhile, if you are renting or buying a space or shop, it should be located in a populated location with less or no competition. The shop’s interior should also be well-designed and decorated to provide your customers with a welcoming and appealing environment.

6. Get the products necessary for the hair business

After renting or buying a shop at a strategic location, the next step is to identify and acquire the different hair products necessary for the business. You should carefully source and identify reliable suppliers of hair products. It is also vital that you analyze the quality of the hair products before choosing, this is to ensure that you get the best products.

Additionally, depending on your capital, you could acquire the hair products in bulk and negotiate the prices, this will help you have the best deals. Acquiring quality hair products is important, it would increase the reputation of your business and help you attract more customers.

7. Create an online presence for your store

As an entrepreneur, you would want to maximize profit. Ways to achieve that include establishing an online presence for your hair business. With an online presence and strategic marketing, your hair business would be able to attract clients from all parts of the country.  

To establish an online presence, you should create business accounts on social media platforms such as Facebook, Instagram, etc. These platforms are perfect for marketing your hair services and products. If you strategically position your hair brand properly on these platforms, you will gain lots of clients and thereby make more profit. Additionally, you could create a website where you will advertise and market your hair products and services. Creating an online presence is a great way of establishing a successful hair business in today’s digital age.

8. Hiring employees

Another important process in establishing a successful hair business is to hire employees, especially if you intend to build a large hair business. You may need to hire employees if you are opening a large store that intends to provide services to a lot of people. The first step toward hiring employees is to determine the number of employees you need, this depends majorly on the scale of the hair business. Advertise job openings for the different roles available and schedule interviews. After the interviews, you can select the best candidates for the positions.

9. Marketing your hair business

After successfully establishing your hair business, the next step is to attract and maintain customers. To succeed, you need to design a marketing plan and follow strategic steps to promote your hair business to the target audience. Ways to promote your hair business include pay-per-click (PPC) advertising, radio advertising, the use of billboards, TV adverts, social media marketing, influencer marketing, and more. When you properly and strategically promote your hair business, you can create a successful and rewarding hair business in Nigeria.  

• Types Of Hair Business You Can Start In Nigeria

Below are the types of hair businesses you can start in Nigeria;

1. Hair Salon Business

The Hair Salon Business is one of the most popular types of hair salon business in Nigeria. It involves the provision of hair services including hairstyling, hair treatments, haircuts, hair coloring, and more.

2. Hair products retail business

A hair products retail business involves the selling of various types of hair products including hair care products, hair extensions, and hair accessories. This form of hair business can be done both online and offline.

3. Mobile Hair business

This is a type of hair business that entails offering hair services such as hairstyling and haircuts to clients or customers at their workplaces or homes.  

4. Wig-making business

Wig making is another popular aspect of the hair business that involves making and selling different forms of wigs including synthetic wigs, human hair wigs, and lace wigs.

5. Hair care consulting business

A hair care consulting business implies offering guidance to customers on how to care for their hair properly. It also offers tips, tricks, and advice on how to groom our hair effectively. The hair care consulting business can be done both online and offline.

6. Hair braiding business

A hair braiding business is a type of hair business that offers different types of hair braiding services such as twists, box braids, cornrows, and more. This form of hair business requires expertise, physical location, and different other requirements.

There you have it! Above are some of the most popular hair businesses in Nigeria you should consider venturing into.

Final Words

Starting a hair business in Nigeria can be profitable when done properly. You should conduct proper research, write a good business plan, acquire the required documents, and more. With hard work and perseverance, you can build a successful hair business in Nigeria.

Frequently Asked Questions

How much does it cost to start a hair business in nigeria.

The exact cost of starting a hair business in Nigeria differs, depending on the size of the business. You should prepare a draft containing all the things you need to buy or invest in, such as hair products, equipment, rent a space, pay for advertising, etc. The cost might range from a few hundred thousand Naira to a million Naira.

How do I find reliable suppliers for my hair business in Nigeria?

You can find reliable suppliers by searching online directories, seeking recommendations from other hair business owners, attending hair industry events, and more.

How profitable is a hair business in Nigeria?

A hair business in Nigeria can be quite rewarding, especially when established in a strategic location with proper marketing. When done right, a hair business can generate a lot of income daily.

How do I choose a location for my hair business in Nigeria?

To choose a location for your hair business, ensure to select a location that is easily accessible to your customers. It should be a safe location with numerous foot activities. It should also have little or no competition.

How can I attract and retain customers for my hair business in Nigeria?

You can attract customers for your hair business by offering the best hair services, providing competitive prices, establishing a strong brand, providing excellent customer services, etc.

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Hair Salon Business In Nigeria (Quick Guide on How to Start)

want to learn how to start a hair salon business in Nigeria? We’ve created a comprehensive article about starting, running, and making a profit from making hair for others.

Did you know that making hair for people is one of the most profitable business ideas in Nigeria ? Come to think of it; no matter how hard things are, people are always ready to spend on their hair, as they want to look good.

Many of us always want to look smart and sharp. We spend a lot of money and time not only on the type of dress to wear but our entire grooming.

This is especially true of women, in fact, some of them if not all have a mini make-up kit in their handbag whenever they are going out.

Anywhere they get to they always want to look at their best. You see them checking the mirror to see how good-looking they still are after few hours they have stepped out and of course, they would want the image in the mirror to be attractive.

That is why a Beauty salon or hair salon will hardly run out of customers as it is frequently patronized by ladies who delight in looking good at all times.

For the ladies, looking good cannot be overemphasized for that reason the beauty salon is without a doubt one of the most visited centers in almost every society.

There is a popular saying that says “looking good is good business,” the saying has been true whether for those who look good or those making others look good.

Everyone loves looking good and as you have already know making one’s hair is one of the major pillars of looking good.

As mentioned in the article I wrote on how to start and run a successful barbershop , the way we are dressed will determine the way we will be addressed.

The business has been listed as one of those businesses that yield instant revenue on a regular and consistent basis.

So, if you’re thinking of starting one but don’t know how to go about it, just relax and read on to find out what it takes to start the business.

A hair salon business could be a very lucrative business because fashion is an ongoing process. It is one business that brings in money on a daily basis.

One major advantage of this business is that it can be started anywhere, be it in your living room, at the corner of your compound, or in a small rented space.

Steps On How to Start A Successful Hair Salon In Nigeria

While this business is believed to be dominated by womenfolk recent research shows that guys are starting, managing, and successfully running a hair salon.

And what is more, some ladies prefer to have a guy make their hair! Many hairdressing salons now have men as a stylist who gives better service even than women.

Using this article as a guide, find below the necessary steps to take in order to establish a hair salon business.

Pla nning Stage

The hair salon business is one of the daily income businesses in Nigeria. But don’t just set out without planning. Before you dive into the business, you need to do some extensive and thorough research into the business.  

Ask yourself: Are you planning to run the business personally or are you planning to seek professional help by employing skilled staff?

If you are planning to run the business by yourself, are you well equipped with the necessary skills? If you will be recruiting skilled workers, do you have adequate knowledge to decipher if they are providing customers with top-class services and satisfying their needs adequately?

What is your target customer base? Which locations and areas will be favorable for the business? What is your goal, vision, and capital?

Acquire Adequate Training

Like the counterpart business barbing salon, hair styling is an art. You need to learn the necessary skills to bring out the beauty in your customers.

You must also be able to think and create new styles. So take time out to learn as your personal involvement in the business will determine to a large extent the amount of profit you will make.

Remember that your customer will likely have an event she wants to attend before stepping into your shop. Therefore, your work will be in the face of the public practically all day long, the artistry of your skills speak for you in volumes you might not be able to match with your voice or presence.

People are ready to pay large amounts as long as they know you have the skills to meet up with the charges you are asking for.

Whether you intend to work on the hair yourself or will seek to employ workers while you oversee the running of the salon, it is important that you have in-depth knowledge of making different styles of hair such as fixing of weaves, braiding of hair,

Ghana weaving, retouching, and washing. Even if you are talented naturally, it is advisable to find a reputable hairdresser to learn the trade from.

You will be learning not only how to make hair but also other rudiments necessary to running and managing a successful business.

You cannot rush into the business all in the name of becoming self-reliant. You only get yourself into a bigger problem because if you did not give satisfactory service, you are bound to be shouted at, yelled at and you will be losing customers. Take some time off and learn what the business demands.

Business Plan

Write out a detailed business plan that will give you a clearer view of what you are about to venture into.

This will include making projections, taking surveys, setting up a management plan, coming up with vision and mission statements, determining how far you want to go with the business, how to raise capital, and so on.

The amount of capital to be raised is directly proportional to the projections written in your business plan.

If you were planning to start on a small scale then you will be requiring a lower capital than someone who was planning to start on a mega phase.

The business plan will act in two major ways, firstly helping you as a guide to running the business all through the business’ lifecycle. Secondly, the business plan affords you the business owner the opportunity to get investors or raise loans from banks should there be a need for extra capital beyond your capacity.

It is important to keep this super concise, yet compelling. It’s the very first thing an investor or lender sees. You can request the service of a professional in this regard.

Many people who may decide to start small can use any of the best loan apps in Nigeria to borrow some funds (the likes of FairMoney, Carbon, Branch, etc.).

Secure An Ideal Location

Finding a good location is very important when it comes to starting a beauty salon business. So, you’ll have to think deeply about this.

How easy can my clients locate me? Is the area commercialized enough? Ask yourself questions like this before you finally settle for one.

If you have done a good job at the planning stage you will already have different ideal locations at your disposal. Wherever you set up shop should have good traffic, high visibility, and be near your target demographic.

The surrounding area should be well-lit, safe, and attractive. It’s best if it’s amidst other popular businesses.

It will cost more for a prime location, but it’s better to pay more upfront because you’ll attract more customers and grow your business much faster.

If however, you do not have enough money to rent a shop now, you can actually start from home and offer home services.

Alternatively, you can look for any available shed in your area where you can negotiate with a little amount. It can be started at any available space given the place is neat and well kept. A dirty environment is not ideal for this kind of business.

The location has to be easily accessible. If you go and get a space in a corner or in a hidden location, you may not succeed.

Try as much as possible to stay away from the competition. Don’t situate yourself directly next to a bigger professional salon. Instead, try to stake out a place where you’ll be the only salon for a few blocks.

Make sure that you get a shop space in an area with a constant power supply and ensure that there is a good source of water supply to ensure a smoother running of your business.

Beautify the Shop

Making your business place comely and inviting to your customers goes beyond just putting in chairs and tables.

If you want people to come to your shop and keep coming back, you should ensure a high level of cleanliness, both personal and environmental, your equipment should be neatly arranged, and modern equipment should be used in preference to ‘old school’ equipment.

In setting up your shop, you can make use of an interior designer. Ladies love to look beautiful, come to think of it when they slay in the latest Ankara styles in vogue , and you give a matching hairstyle.

Get a variety of Hair Styling Chairs that come in different colors and forms. Set up a hairstyling station that will have a mirror, storage drawers, tool compartments or tool holders, and an electrical outlet.

There are various designs and amenities provided with the hairstyling station that you can choose from. Arrange neatly the Carts And Trollies.

Purchase Your Equipment

Your initial survey should help you have an idea of the best set of equipment on the market, as well as the prices of the equipment.

It is imperative that you spend wisely at this stage by purchasing top-quality equipment so that you do not keep spending money on purchases and repairs.

To keep up with the different hairstyling demands of your customers, you will need the latest hair styling tools.

Always check some hair styling magazines to get an idea about the latest styling tools that are used in this business. There is a whole lot of equipment needed or a hair salon. It includes:

Standing dryer(s), blow dryers, Towels, Towel warmers, Shampoo, relaxer, Sterilizing machines, rollers, Clippers, Straighteners, trimming scissors, curling iron, curling comb, Brushes, Combs, Wash hair basin, power Generating set, Television sets and Cable TV for entertaining your waiting customers, Air conditioners (optional, standing fan in combination with ceiling fan is an alternative), Manicure kits, Pedicure kits, Refrigerator, etc.

Employ Staff

As your business grows and you expand, you will need to bring in qualified stylists to assist you to manage your growing business.

When seeking staff to work in your shop, you should ensure that the prospective staffs have quite a bit of experience.

It can be disastrous for your business if you have the wrong set of hands and a reputation for poor services by your inexperienced staff.

Take your time in employing staff and provide as much on-the-job training for them so they can provide the best services possible.

Set up rules and regulations for your staff so that there can be decorum at your place of business. If the business is quite large you might need to employ a business manager and an accountant for specialization purposes.

In addition, you must also put together your stylist training program. They need to understand the goal and mission statement of your business and be ready to work accordingly so that there will be uniformity in their approach.

All of your stylists should know the amount of time they have per service, and how much product to use on each customer based on styles of hairdo.

Employees don’t ever notice wastage until you show them how to care about it. It’s not their money they’re wasting, it’s yours. Protect your investment and make sure you have a policy/standard operating procedure for everything.

Providing Security

It is very important to be security-conscious and invest in security for your business as there are several loopholes in this business as you have several people visiting your shop daily that you do not even know or have any details about.

You have a lot of things that could get lost, cash, customers’ properties, work equipment, etc. Customers also want to have a feeling of safety when they come to your business place, the more reason why you should invest in security and be security conscious.

Publicity and Marketing Plan

Publicity is seen as the backbone of any business, any business that refuses to carry out publicity strategies is like operating in the darkness where no one notices you.

That will do no good for the business.  It is important to put your business in the face of the public, let them know what you do in as many ways as you can.

You can make use of popular advertising means like flyers, billboards, posters, handbills, word of mouth, television, and radio, and social media.

You can also create a system that involves your customers in helping you publicize your business while they get benefits from each successful referral they make.

You can run special promotions and competitions as well to attract customers on a large scale especially during festive seasons. Another means of creating awareness is by the work of your hands.

If your work is really good, it would advertise for you as people seeing such a nice hairdo would want to inquire about where it was made and also get theirs made there.

Hair Salon Business Tips

Pricing: An important part of your beauty salon development plan is the appropriate pricing of your services. The price you set should correspond with the economic state of the business location.

If you’re in an urban area with larger homes and other commercial buildings, you can price your services accordingly, and even offer outstanding beauty and spa services.

Regular maintenance: Another operational task that’s required to uphold the image of your salon is regular maintenance.

You have to keep the salon looking and smelling fresh and clean so it’s inviting at all times, no matter how much traffic comes through the door or how bad the weather is.

Ensure you hold to high esteem cleanliness and hygiene in and around your business location.

Customer Satisfaction: Customers expect excellent service when they enter a salon. With tight competition in this industry today, no one can afford to risk losing a client through inappropriate behavior or poor performance.

It is often easy to turn clients off. This client will then circulate complaints with their peers and the bad publicity spreads. This is not good for the business.

That is the very reason why you have to let every individual in your management know how their performance affects the business as a whole.

A hairstylist should be of very good behavior when attending to his or her customers as bad behavior will only chase away your customers and give your business a bad name.

It is also important that you provide quality hair and beauty operations so that your clients will keep coming back for maintenance.

Ensure that you go out of your way to make your clients feel valued and appreciated. And focus on giving them the best possible experience each time.

With their consent, you can get their contact information like WhatsApp number or email address so that you can easily send them updates on new products/services, and any special offers you have.

Offer other services: It is important to note that you do not necessary need to limit your shop space to only be used as a hair salon; other forms of businesses can be run concurrently thereby maximizing profits. Some of these services are listed below:

• Pedicure and manicure
• Sales of hair accessories
• Sales of refreshment
• Sales of Nail accessories and cosmetics
• Make up studio
• Collaborate with a barbing salon

Conclusion On Starting a Hair Salon Business In Nigeria

This business is highly regarded as one which produces a great amount of profit, especially on a daily basis.

Proper investment and management measures will result in gaining a great deal in profits. Despite the fluctuations of the economy, the beauty industry continues to blossom.

Well, this is because many of the services offered by salons simply can be difficult to carry out at home.

You may be faced with some challenges, it is important not to give up until you’ve tried everything possible to make it work.

Most successful businesses today didn’t get to the level they are without facing one obstacle or the other. The challenges when you overcame will make you more stronger and experienced.

Did you find this piece helpful? Let’s have your comments.

Even More Topics:

• 15 Business ideas for ladies in Nigeria
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Professions in Nigeria

Salon business in nigeria: tips for aspiring stylists.

Last Updated on October 2, 2023

Introduction

In Nigeria, the salon industry is not merely a flourishing market but also a vital contributor to the nation’s economy and fashion landscape.

With a staggering estimated worth exceeding $3 billion, the salon business is undeniably a lucrative venture.

This blog post is dedicated to budding stylists and entrepreneurs who aspire to make their mark in the dynamic world of Salon Business in Nigeria.

Here, we’ll provide you with invaluable insights and guidance to not only kickstart your salon venture but also thrive in this competitive arena.

Establishing a salon in Nigeria requires a combination of creativity, business acumen, and a deep understanding of the local market.

Over the course of this blog post, we’ll delve into essential topics such as location selection, customer engagement strategies, and the importance of staying updated with the latest trends.

So, if you’re ready to embark on your journey towards salon success in Nigeria, stay tuned for expert advice that will set you on the path to prosperity.

Overview of the Nigerian Salon Business

Provide a general overview of the salon industry in nigeria:.

• The salon industry in Nigeria is a thriving and lucrative sector that caters to the grooming and beauty needs of both men and women.
• It encompasses various services such as hair styling, manicures and pedicures, spa treatments, makeup application, and more.
• Nigerians place a high value on personal grooming, making the salon business a profitable venture.
• The industry is highly competitive, with numerous salons and stylists offering their services in urban and rural areas.

Discuss the growth and potential opportunities in the sector

• The salon business in Nigeria has experienced significant growth in recent years, fueled by the increasing disposable income of the population.
• There is a growing trend towards embracing natural hair, leading to a surge in demand for stylists who specialize in natural hair care.
• As more Nigerians become fashion-conscious, opportunities for providing trendy and innovative services have also increased.
• The wedding and event industry in Nigeria is thriving, creating a vast market for bridal and occasion styling services.
• Furthermore, the rise of social media has created a platform for stylists to showcase their work and attract a larger client base.

Highlight the challenges faced by aspiring stylists in Nigeria

• One of the major challenges is the lack of formal training and certification programs for aspiring stylists.
• Many stylists learn their skills through apprenticeships or self-teaching, which can hinder their professional growth and credibility.
• The cost of setting up a salon can be prohibitive, especially for individuals with limited financial resources.
• Access to quality salon equipment and products may also be a challenge, particularly in rural areas.
• Competition is fierce, and stylists need to constantly invest in their skills and stay updated with the latest trends to stay relevant in the industry.
• Building a loyal customer base can be difficult, especially in the early stages of starting a salon business.

In review, the salon industry in Nigeria presents both opportunities and challenges for aspiring stylists.

While the demand for grooming services is high, the lack of formal training programs and the competitive landscape can make it tough to succeed.

However, by continuously enhancing their skills, embracing innovation, and providing excellent customer service, aspiring stylists can carve out a successful niche in the thriving Nigerian salon business.

Essential Skills for Aspiring Stylists

Acquiring quality training and education.

• Invest in quality training and education to acquire the necessary skills and knowledge.
• Enroll in reputable beauty schools or academies that offer comprehensive courses in hairstyling.
• Attend workshops, seminars, and conferences to keep up with the latest industry trends and techniques.
• Obtain certifications and licenses to gain credibility and establish trust with clients.
• Continuously strive to learn and improve your skills by taking advanced courses and attending refresher programs.

Staying Updated with Latest Trends

• Follow fashion magazines, blogs, and social media accounts to stay informed about the latest hair trends.
• Keep an eye on celebrity hairstyles and red carpet events to gain inspiration.
• Experiment with different styles and techniques to develop your own unique flair and stay ahead of the competition.
• Regularly attend hair shows and industry events where you can network with fellow stylists and learn about upcoming trends.
• Consider joining professional organizations to access exclusive resources and training opportunities.

Good Communication and Customer Service Skills

• Communication is key – listen to your clients and understand their needs and preferences.
• Ask relevant questions and provide suggestions and advice based on their hair type and face shape.
• Develop excellent interpersonal skills to build a strong rapport and trust with your clients.
• Be patient, friendly, and approachable to create a comfortable and welcoming salon environment.
• Always be professional, punctual, and respectful of your clients’ time.

By acquiring quality training and education, staying updated with the latest trends, and possessing good communication and customer service skills, aspiring stylists in Nigeria can set themselves up for success in the competitive salon industry.

Planning and Setting Up a Salon

Steps to creating a business plan for a salon.

• Conduct market research to understand the local demand and competition.
• Define your salon’s unique selling proposition and target market.
• Determine your salon’s structure, whether it’s a sole proprietorship, partnership, or corporation.
• Set realistic financial goals and projections for your salon’s revenue and expenses.
• Develop a marketing and advertising strategy to attract customers and create brand awareness.
• Outline your salon’s organizational structure, including staff positions and responsibilities.
• Create a budget that outlines initial expenses and ongoing operational costs.
• Develop a contingency plan to address unforeseen challenges or changes in the business environment.

The Importance of Choosing the Right Location for the Salon

• Consider the target market’s demographics and preferences when selecting a location.
• Choose a location that is easily accessible, has sufficient parking, and is visible to potential customers.
• Research the neighborhood and ensure it aligns with the salon’s branding and clientele.
• Analyze the competition in the area and evaluate their strengths and weaknesses.
• Negotiate favorable lease terms or purchase a property that meets your salon’s needs.
• Determine the zoning and permits required for operating a salon in the chosen location.
• Consider the future growth potential of the area to ensure long-term success.

Essential Equipment and Supplies Needed for a Salon Setup

• Styling chairs, hair washing stations, and storage cabinets are vital for client comfort and work efficiency.
• High-quality hair cutting and styling tools, such as scissors, hair dryers, and curling irons, are essential.
• Salon-grade hair products, including shampoos, conditioners, hair dyes, and styling products, should be stocked.
• Manicure and pedicure stations equipped with nail care tools, sterilizers, and polishes are necessary for nail services.
• Professional skin care products, facial equipment, and dedicated treatment rooms are crucial for esthetic services.
• Reception and waiting area furniture, including comfortable seating and a reception counter, create a welcoming ambiance.
• Maintain a sufficient supply of towels, disposable salon supplies, cleaning products, and sanitizers for hygiene purposes.
• Invest in a reliable computer system, salon management software, and POS system for efficient operations.

Setting up a salon requires careful planning, from creating a comprehensive business plan to selecting the perfect location.

By following the steps outlined above and equipping your salon with the necessary equipment and supplies, you can lay the foundation for a successful and thriving salon business.

Remember, finding the right balance between aesthetics, functionality, and customer satisfaction is key to creating a salon that stands out in the competitive industry.

Building a Strong Clientele

The significance of networking and building professional relationships.

• Networking is crucial for aspiring stylists as it helps in expanding their professional reach.
• Attend industry events, seminars, and workshops to meet potential clients and fellow professionals.
• Building relationships with other stylists can lead to referrals and collaborations, benefiting all involved.
• Active participation in online communities and social media can also help in making connections.
• Nurture professional relationships by offering support, sharing knowledge, and collaborating on projects.

Strategies on Effective Marketing and Advertising for a Salon Business

• Identify your target market and tailor your marketing efforts accordingly.
• Utilize both traditional and digital marketing methods to reach a wider audience.
• Have a strong online presence through a well-designed website and active social media accounts.
• Offer promotions, discounts, or loyalty programs to attract new clients and retain existing ones.
• Collaborate with local businesses or influencers to expand your reach and gain exposure.

Tips on Creating a Memorable Salon Experience for Clients

• Design your salon space to create a welcoming and comfortable environment for your clients.
• Train your staff to provide exceptional customer service, ensuring that clients feel valued and appreciated.
• Offer personalized consultations to understand the client’s preferences and needs.
• Provide a range of services and stay updated with the latest trends and techniques in the industry.
• Pay attention to small details like cleanliness, ambiance, and music to enhance the overall experience.

In the dynamic realm of salon businesses in Nigeria, leveraging the power of lists is pivotal for sustainable growth.

Networking takes the lead; actively engage in industry events, seminars, and workshops to broaden your professional horizon.

Forge connections with fellow stylists, unlocking a realm of referrals and collaborative opportunities.

In this digital age, marketing prowess is non-negotiable. Define your target market, employing both traditional and digital methods.

A well-crafted website and active social media accounts amplify your salon’s visibility.

Enhance client acquisition and retention through enticing promotions and collaborations with local influencers.

Craft a salon experience that lingers in clients’ memories; focus on a welcoming ambiance, personalized consultations, and staying abreast of industry trends.

Details matter; prioritize cleanliness, ambiance, and music to etch an indelible mark.

By embracing these strategies, budding stylists can seamlessly cultivate a robust clientele, shaping a flourishing salon business in Nigeria.

Read: International Views: Fundraising in Nigeria Compared

Managing Finances and Operations

Necessary financial aspects for a salon business.

• Start by creating a comprehensive business plan that includes financial projections and goals.
• Determine the startup costs, including rent, salon equipment, supplies, and licenses.
• Research and secure funding options such as loans or investors to cover initial expenses.
• Develop a system for tracking and monitoring financial transactions and expenses.
• Establish a separate business bank account to manage revenue and expenses effectively.
• Invest in salon management software to streamline financial processes and keep accurate records.

Tips for Managing Cash Flow, Budgeting, and Pricing Services

• Maintain a regular cash flow analysis to understand the financial health of your salon business.
• Implement effective cash management techniques, such as setting aside reserves for unexpected expenses.
• Create a detailed budget that includes fixed costs (rent, utilities) and variable costs (supplies, payroll).
• Regularly review and adjust your pricing structure to ensure profitability and competitiveness.
• Offer bundled services or package deals to encourage repeat business and increase revenue.
• Consider implementing a membership or subscription model to provide stable cash flow.

Importance of Balancing Daily Operations and Staff Management

• Develop clear job descriptions and responsibilities for each staff member to avoid confusion and inefficiencies.
• Regularly assess staff performance to identify any training needs or areas for improvement.
• Implement a scheduling system that optimizes staff availability while meeting customer demands.
• Delegate tasks effectively to ensure smooth daily operations and avoid burnout.
• Invest in training and continuing education for your staff to enhance their skills and provide quality services.
• Keep open lines of communication with your team to address concerns and maintain a positive work atmosphere.

Managing the finances and operations of a salon business requires careful planning and attention to detail.

By considering the necessary financial aspects, such as creating a business plan and securing funding, aspiring stylists can establish a solid foundation for their salon venture.

Maintaining a positive cash flow is crucial for the sustainability of a salon business.

It is essential to manage cash inflows and outflows effectively by analyzing cash flow patterns and implementing cash management techniques.

Creating a detailed budget helps in understanding the financial requirements and avoids overspending.

Additionally, regularly reviewing pricing structures and offering attractive packages can increase revenue and profitability.

To ensure smooth operations, it is important to strike a balance between daily operations and staff management.

Clear job descriptions and regular performance assessments help in maintaining efficiency and identifying areas for improvement.

Implementing an optimized staff schedule ensures adequate coverage while meeting customer demands.

Delegating tasks and investing in staff training contribute to an effective and motivated team.

In fact, managing finances and operations in the salon business requires strategic planning, budgeting, and effective staff management.

By paying attention to these aspects, aspiring stylists can build a successful salon business in Nigeria.

Read: Building Trust: Transparency in Fundraising in Nigeria

Dealing with Challenges and Competition

Common challenges faced by salon businesses in nigeria.

• Inconsistent power supply leading to frequent interruptions and difficulties in operating salon equipment.
• High cost of salon equipment and beauty products, making it challenging for aspiring stylists to afford.
• Lack of access to affordable and reliable financing options to expand and improve their salon businesses.
• Limited skilled manpower, with a scarcity of well-trained stylists and beauty professionals in the industry.
• Intense competition from both established and newly emerging salons, making it difficult to stand out.

Strategies for standing out in a competitive market

• Offer unique and specialized services that cater to specific target markets, such as bridal or natural hair styling.
• Focus on providing excellent customer service by creating a welcoming and comfortable atmosphere for clients.
• Build a strong online presence through social media platforms to showcase your salon’s work and engage with potential customers.
• Collaborate with local influencers, beauty bloggers , and fashion stylists to increase brand visibility and attract new clients.
• Consistently update and upgrade salon equipment to enhance the quality of services provided and stay ahead of the competition.

Tips on managing and overcoming setbacks and obstacles

• Stay resilient and maintain a positive mindset, viewing setbacks as opportunities for growth and improvement.
• Continuously invest in personal and professional development through attending workshops, seminars, and training programs.
• Build a supportive network of fellow salon owners or industry professionals to share experiences and seek advice from.
• Implement effective time management strategies to prioritize tasks and maximize productivity.
• Regularly review and adjust pricing strategies to ensure competitiveness while maintaining profitability.
• Stay updated with the latest trends and techniques in hairstyling and beauty to offer innovative services to clients.
• Seek customer feedback and actively respond to their suggestions and complaints to continuously improve and retain customer loyalty.
• Stay informed about industry regulations and legal requirements to ensure compliance and avoid potential setbacks.

By understanding the common challenges, implementing strategies for standing out, and managing setbacks effectively, aspiring stylists can navigate the competitive salon business landscape in Nigeria with confidence and build successful and thriving businesses.

Read: Hair Styling in Nigeria: A Guide to the Profession

Embracing Continuous Learning and Growth

Highlight the importance of ongoing professional development.

• Continuous learning is crucial in the dynamic field of salon business in Nigeria.
• Stylists must stay updated with the latest trends, techniques, and products.
• Ongoing professional development boosts credibility and keeps clients satisfied.
• Regular trainings and workshops help in honing skills and gaining new knowledge.
• Developing specialized skills sets stylists apart from competitors and increases demand.

Provide resources and recommendations for further skill enhancement

• Joining professional associations like the Hairdressers’ Association of Nigeria provides networking opportunities.
• Online platforms like YouTube and Instagram offer free tutorials and inspiration for stylists.
• Attending trade shows and exhibitions exposes stylists to new products and techniques.
• Investing in advanced courses and certifications helps in mastering specific skills like hair extensions or coloring.
• Reading industry publications and books written by successful stylists offers valuable insights.

Encourage aspiring stylists to stay motivated and dedicated to their craft

• Building a successful salon business takes time, effort, and continuous dedication.
• Acknowledge that challenges and setbacks are part of the journey, but perseverance is key.
• Seeking inspiration from successful salon owners and stylists can rekindle motivation.
• Embrace feedback and constructive criticism as opportunities for growth.
• Networking with fellow stylists and sharing experiences can provide guidance and support.

In the dynamic landscape of the salon business industry in Nigeria, the key to success lies in the commitment to continuous learning.

Aspiring stylists are urged to wield the power of lists, strategically incorporating them into their professional development journey.

Start by curating a list of reputable professional associations such as the Hairdressers’ Association of Nigeria.

Actively participating in these networks opens doors to regular trainings, workshops, and invaluable networking opportunities.

Stay ahead of trends with online resources – compile a list of YouTube channels and Instagram profiles offering free tutorials and inspiration.

Immerse yourself in the digital realm to glean insights from successful stylists.

Trade shows and exhibitions are crucial – maintain a list of upcoming events.

Attendees gain exposure to cutting-edge products and techniques through workshops and seminars.

Bolster your expertise by investing in specialized courses and certifications. Craft a list of areas, be it hair extensions or precision cutting, where you aim to distinguish yourself.

Remember, building a thriving salon business is a gradual process.

Embrace challenges and setbacks as part of the journey. Seek inspiration from successful salon owners and leverage feedback as a tool for growth.

By embracing a mindset of continuous learning, aspiring stylists in the vibrant salon business of Nigeria can ensure not just success, but excellence in their careers.

Read: Becoming a Hair Stylist in Nigeria: What to Know

In this blog post, we have discussed several key points for aspiring stylists in Nigeria to consider when starting a salon business.

Aspiring stylists in Nigeria, remember that success requires hard work and determination.

Do not be discouraged by challenges along the way. Keep pushing forward and believe in yourself.

Take the necessary steps towards establishing a successful salon business in Nigeria.

Start by creating a solid business plan and acquiring the appropriate skills and knowledge. Network with industry professionals and seek mentorship to grow your expertise.

By taking action and staying committed, you can build a thriving salon business in Nigeria. Embrace the opportunities and make your mark in the booming beauty industry.

• Challenges Faced by Hair Stylists in Nigeria’s Industry
• Hair Stylist Training in Nigeria: Where to Start

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How To Start A Hair Business In Nigeria – Detailed Guide

If you are looking for a guide on how to start a hair business in Nigeria, click here for detailed instructions to successfully run a hair business in Nigeria.

Starting a hair business in Nigeria can be a lucrative venture, given the country’s growing population and increasing demand for hair products. However, like any business, it requires careful planning and execution to ensure success. In this comprehensive guide, 2V Hair will walk you through the step-by-step process of how to start a hair business in Nigeria, from market research to marketing strategies.

• 1.1 Market research: Understanding the Nigerian hair market
• 1.2 Create a business plan
• 1.3 Setting up your hair business: Practical Steps
• 1.4 Marketing and promoting your hair business
• 1.5 Managing and growing your hair business
• 2.1 2V Hair Factory
• 2.2 UNice Hair
• 2.3 SGI Hair
• 2.4 Mic Hair
• 2.5 Ted Hair
• 2.6 Layla Hair
• 2.7 Jaipur Hair
• 2.8 Adorable Hair
• 2.9 Isee Hair
• 2.10 5S Hair

How to start a hair business in Nigeria step by step

how to Let’s go through step-by-step of starting a hair business in Nigeria:

Market research: Understanding the Nigerian hair market

Before diving into the hair business, conducting thorough market research to understand the industry landscape in Nigeria is the first and foremost step in the guide on how to start a hair business in Nigeria . Here are some key aspects to consider:

• Hair trends in Nigeria: Research the latest hair trends in Nigeria to identify popular styles, colors, and textures. This will help you determine the types of hair products to offer and stay ahead of the competition. The most popular product in the Nigerian market is hair weft combined with closure/frontal and wigs in bone straight hair texture.
• Target market analysis: Identify your target market by considering factors such as age, gender, income level, and location. This will enable you to tailor your products and marketing strategies to meet their specific needs and preferences.
• Competitor analysis: Study your competitors to understand their product offerings, pricing strategies, and marketing tactics. This will help you differentiate your business and develop a unique selling proposition. The main distributing channels of Nigerian hair sellers are the website and Instagram channel. You can research competitors on these channels.
• Supplier research: Research potential suppliers of hair products, both locally and internationally. Consider factors such as product quality, pricing, shipping options, and customer reviews to ensure you partner with reliable suppliers.
• Legal and regulatory requirements: Familiarize yourself with the legal and regulatory requirements for starting a hair business in Nigeria. This includes registering your business, obtaining necessary permits and licenses, and complying with tax regulations.

Do not skip market research if you want to succeed in the hair industry.

Create a business plan

Once you have conducted thorough market research, it’s time to create a comprehensive business plan for starting hair business in Nigeria. Here are the key components to include:

• Executive summary: Provide an overview of your hair business, including its mission, vision, and goals. Highlight the unique aspects that set your business apart from competitors, for example, your hair business sells 100% premium human hair, no mixed or synthetic hair.
• Company description: Describe your hair business in detail, including its history, legal structure, location, and target market. Explain how your products will meet the needs of your target market and provide value.
• Product line: Outline the types of hair products you plan to offer, such as wigs, weaves, extensions, and hair care products. Include details about the quality, pricing, and sourcing of your products. You can contact to the Nigerian wig vendors to know more.
• Marketing and sales strategies: Detail your marketing and sales strategies to attract and retain customers. This may include online and offline advertising, social media marketing, influencer collaborations, and customer loyalty programs.
• Operations and management: Explain how your hair business will be structured and managed. Outline the roles and responsibilities of key team members, as well as the operational processes for inventory management, order fulfillment, and customer service.

After making a comprehensive business plan, let’s move to the next step on how to start a hair business in Nigeria: setting up your hair business.

Setting up your hair business: Practical Steps

Now that you have a solid business plan in place, it’s time to take practical steps to set up your hair business in Nigeria. Follow these steps to get started:

• Register your business: Register your hair business with the Corporate Affairs Commission (CAC) in Nigeria. Choose a unique business name and complete the necessary registration forms. Pay the required fees and obtain your Certificate of Incorporation.
• Source the hair: Contact potential suppliers of hair products that you have found when researching the market and negotiate favorable terms. Consider factors such as product quality, pricing, shipping options, and customer support. Vietnam is one of the best places for wholesale hair extensions due to high-quality hair at reasonable prices. So the way you find how to import hair from Vietnam to Nigeria is not very hard.
• Set up online presences: Create a professional website and social channels like Facebook, and Instagram for your hair business to showcase your products and attract customers. Optimize your website for search engines by using relevant keywords and providing valuable content. Establish social media profiles to engage with your target audience and promote your products.
• Develop a pricing strategy: Determine the pricing strategy for your hair products based on factors such as production costs, competitor prices, and market demand. Consider offering competitive prices while maintaining profitability.

Marketing and promoting your hair business

Now that your hair business is up and running, it’s time to focus on marketing and promoting your products to attract customers. This is the next step in our guide on how to start a hair business in Nigeria. Here are some effective strategies:

• Social media marketing: Utilize popular social media platforms such as Instagram, Facebook, and Twitter to showcase your hair products. Post high-quality images, engage with your followers, and collaborate with influencers to increase brand visibility.
• Content marketing: Create valuable and informative content related to hair care, styling tips, and trends. Publish blog posts, videos, and tutorials on your website and social media platforms to establish yourself as an authority in the industry.
• Email marketing: Build an email list of interested customers and send regular newsletters with updates, promotions, and exclusive offers. Personalize your emails to make customers feel valued and encourage repeat purchases.
• Collaborations and partnerships: Collaborate with influencers, hairstylists, and beauty bloggers to promote your hair products. Offer them free samples or discounts in exchange for reviews, mentions, or sponsored content.
• Customer loyalty programs: Implement customer loyalty programs to reward repeat customers and encourage brand loyalty. Offer discounts, exclusive access to new products, or referral bonuses to incentivize customers to continue purchasing from your hair business.

Managing and growing your hair business

As your hair business grows, it’s important to effectively manage your operations and continuously seek opportunities for growth. Here are some tips:

• Inventory management: Implement an efficient inventory management system to track your stock levels, monitor product popularity, and ensure timely reordering. This will help you avoid stockouts and meet customer demand. Customer service excellence: Provide exceptional customer service to build a loyal customer base. Respond promptly to customer inquiries and resolve any issues or complaints professionally and promptly.
• Expand your product line: Continuously assess market trends and customer preferences to identify opportunities for expanding your product line. Introduce new hair products or variations to cater to evolving customer needs.
• Attend trade shows and exhibitions: Participate in relevant trade shows and exhibitions to showcase your hair products and network with industry professionals. This will help you gain exposure, attract new customers, and stay updated on the latest industry trends.
• Monitor and analyze performance: Regularly monitor and analyze key performance indicators (KPIs) such as sales, customer acquisition costs, and website traffic. Use this data to identify areas for improvement and make informed business decisions.

Starting a hair business in Nigeria requires careful planning, market research, and effective marketing strategies. Remember to stay adaptable, continuously learn from your customers and competitors, and always strive for excellence in product quality and customer service.

See more: Human hair prices in Nigeria updated 2024

Top 10 best suppliers to source hair to start a hair business in Nigeria

Below we have compiled the top 10 suppliers in the world to source hair when starting a hair business in Nigeria.

2V Hair Factory

Jaipur hair, adorable hair.

2V Hair Factory is worldwide regarded as Vietnam’s preeminent hair manufacturer. With 10 years of experience in the hair industry, 2V Hair Factory has gained a strong reputation for providing premium hair at the most competitive price in the market.

• Hair products: 2V Hair Factory supplies weft hair, bulk hair, clip-ins, tape-ins, tip-ins, frontal, closure, and wigs in numerous choices of colors, lengths, and textures.
• Competitive price: competitive, 1 kg of straight hair 8 inches costs only $88.
• 2V Hair Factory has a strong customer base with customers from all over the world like the UK, the US, Nigeria, South Africa, Ghana, Canada, Australia, Russia, Cameroon,…
• Working with 2V Hair Factory means working with the direct hair manufacturer, which results in consistent quality hair supply and wholesale factory price.

Contact 2V Hair:

• WhatsApp Number/ Hotline: (+84)348558031
• Instagram: https://www.instagram.com/2vhairfactory/
• Email: [email protected]

If you are about to start a hair business in Nigeria, 2V Hair Factory will give advice on where to start and the most popular products in Nigeria.

UNice Hair is a well-known hair brand not only in China but also in the world. It is among the leading and biggest hair wholesalers in the world.

• Products: UNice Hair supplies a wide range of hair extensions and their main products are hair wigs. They supply wigs in numerous designs for daily use or special occasions like anniversaries, birthdays,..
• Price: rather high, from $36 per 100g 8″ bundle.
• Service: A committed staff is available to answer inquiries, address concerns, and give advice to customers.

Contact UNice Hair if you are looking for unique hair wig designs for special occasions.

SGI Hair is a notable name among Indian wholesale hair suppliers to buy hair for those who are concerned about how to start a hair business in Nigeria.

• They supply weaves, closures, hair extensions, and wigs… in a variety of styles and sizes
• SGI Hair has developed a solid reputation for supplying outstanding customer service by promptly responding to inquiries.
• SGI Hair provides unprocessed Indian temple hair so you can rest assured when buying from them.

Mic Hair is unquestionably one of the most reliable hair suppliers wholesale from Vietnam and one of the best wholesale hair vendors in Nigeria .

• They supply numerous textures, lengths, and colors of hair weaves, extensions, closures, frontal, and wigs.
• Prices for 8-inch straight natural hair begin at $18.4 per 100 grams.
• Customer service is essential to the success of this hair company. They receive numerous positive reviews from international customers for great customer service.

Contact Mic Hair if you want to know more about their hair extension products, prices and service.

Besides UNice hair, Ted Hair is another biggest and leading hair wholesaler from China.

• Ted Hair offers hair extensions, closures, weft, wigs, and other hair products.
• Prices for 10 inches of natural, unprocessed, straight hair begin at $23.5/100g.

Ted Hair is also a reliable supplier to source hair if you want to start a hair business in Nigeria.

Layla Hair provides 100 percent natural, unadulterated Vietnamese hair. This hair is highly desirable due to its great quality and beautiful texture.

• At Layla Hair, hair extensions, wefts, and wigs are available in a variety of textures.
• Price: quite high, from $10 for a bundle of straight hair 8 inches.

Come to Layla Hair Vietnam if you want to purchase high-quality hair to build a strong reputation with customers in Nigeria.

Jaipur Hair has earned a reputation as a dependable hair extension supplier. This company is the best option for anyone concerned about how to start a hair business in Nigeria and searching for high-quality Indian hair at a cheap price. Adorable Hair is a renowned hair company in India that provides an assortment of hair textures and designs. Their hair originates from numerous nations, India and Brazil They pride themselves on providing outstanding customer service, with a support team available 24/7 to respond to any queries or concerns from clients Though their price is reasonable, their hair quality is remarkable.

Adorable Hair is one of the best Indian-based hair companies supplying high-quality Indian temple hair. Their main products are hair bundles, sew-in, wigs, closures & frontals, clip-ins,… They also supply 3D mink lashes from human hair. Their prices for hair wigs range from $219 – $825, which is so expensive compared to other Indian hair suppliers.

Isee Hair has acquired a stellar reputation for its superior hair extensions as one of the finest hair suppliers wholesale in China. They provide 100% real, untreated human hair for use in premium hair extensions and wigs. Due to its commitment to these aims, competitive pricing, and a vast selection of hair types and textures, Isse Hair has become the go-to source for those in search of high-quality hair to start a hair business in Nigeria.

5S Hair is one of the most well-known Vietnamese hair suppliers. To accommodate its diverse clientele, 5S Hair Vietnam has become Vietnam’s foremost wholesale hair supplier. Due to their commitment to quality, affordable prices, and exceptional customer service, they are the go-to hair brand for high-end hair extensions.

By following the steps outlined in this guide on how to start a hair business in Nigeria and the top 10 suppliers in the world to source hair, you can set yourself up for success in the thriving Nigerian hair industry.

Mrs Alma Hair Expert

As a Hair Expert and Blogger with more than 7 years of intensive work experience in the hair industry, I hope my knowledge and experience will help and bring a lot of value to hair businesses around the world.

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How To Start A Hair Salon Business In Nigeria 2023

The hair salon business in Nigeria has gained prominence over the centuries as plenty of people now see the need to participate energetically in the business.

The competition is so fierce that some people merely survive it. Day after day, people are falling off the hair salon business as they cannot compete with their business counterparts.

Nevertheless, there are still people who are generating mouth-watering revenues from the hair salon business.

The difference is how they started the business because the beginning of everything determines the end.

In this article, I will show you how to start a long-lasting hair salon business that will generate the kind of revenue you long for.

Hair Salon Business In Nigeria

Almost everybody in the world is particular about their looks because looks give the first impressions about people.

Looking good shouldn’t be a choice, but a necessity; that is why hair salons are situated at every corner to give us that decent look we yearn for.

The hair salon business in Nigeria is good and very lucrative. Nobody ventures into it the right way and regrets it as people now pay huge amounts of money to look good and attractive.

Moreover, in this 21 st century, hair making is not only for the illiterates and low-class people, graduates and high-class people now see the need to run hair salon businesses.

The hair salon business is very competitive, you need to be skilled to remain relevant.

This article aims at showing you the right steps on how to start a hair salon business.

Things To Consider Before Venturing Into Hair Salon Business In Nigeria

• The cost of opening a hair salon
• The type of hair salon you wish to start
• Finances for your hair salon business
• How skillful you are
• The class of customers you wish to serve
• Your marketing plan

17 Steps To Start A Hair Salon Business In Nigeria

There are different steps on how to start a hair salon business in Nigeria. The steps listed and explained here are the best steps ever!

1. Choose Your Vocation

Before you even acquire some knowledge for your hair salon business in Nigeria, you need to choose your vocation. Choose the area you love.

You don’t need to do everything,  just be conversant with the few you’ve chosen and walk your way to success. Moreover, if you think you can handle every area of the hair salon business, it’s also a good thing.

The different areas of hair salon business are:

• Fixing of hair
• Braiding of hair
• Making of fixed wigs
• Making of braided wigs
• Washing of hair
• Treating of hair, etc.

2. Get the hair making skill

It is important to get adequate and proper training if you want to succeed in your hair salon business in Nigeria.

Venturing into the hair salon business half-baked without knowing how to perfectly make different hairstyles will make you lose your customers to your competitors.

The hair salon business requires you to be very skillful and smart because your work will speak for you and market your business even when you are not there.

Moreover, it does not matter Whether you want to employ staff to run the hair salon business for you or you want to do it yourself, what matters is to have enough knowledge of what you are doing; this will help you make decisions and know the strategy to apply to stay in business.

You also need to ask questions, go to the different hair salons and make inquiries, do your market research very well, it will help you.

3. Have The Necessary Experience

Experience, they say is the best teacher. After acquiring hair-making skills and becoming a hairstylist, it is necessary to have working experience. This will help you know how to go about your hair salon business.

Study your employee, know what he/she has done right and what he/she has done wrong, it will help you avoid unnecessary problems at the initial stage of your business.

4. Create A Business Plan

The absence of a business plan before starting your hair salon business is the beginning of your failure.

A business plan will point you in the right direction and shade off every unnecessary distraction that may make you lose focus.

A good business plan guides you through starting and managing your business. It is the tool you’ll use to convince people that working with you or investing in your business is the right choice.

Your business plan depends on the size, format, and goals of your business, it is important to choose the right business plan for your individual business needs.

There is no right or wrong way to write a business plan. What’s important is that your plan meets your needs.

Hair Salon Business Plan In Nigeria Format

• Executive summary
• Company description
• Market analysis
• Organization and management
• Marketing and sales
• Funding request
• Financial projection

5. Get A Business Name

Imagine existing without a name. Your name is your identity, likewise your business. People know your business name first before they know you.

Your business name must pass information about your business and must be short and captivating. There is hardly anywhere you see a hair salon without a name.

The business name will distinguish you from your competitors and make you unique.

If you cannot think of any business name, you can consult a business expert or seek help on the social media platform.

You can also use online business name generators like Shopify, Business Name Generator, Oberlo, and BNG to generate your business name.

The hair business name generator provides instant suggestions in three simple steps:

• Think of a word that best describes your hair business
• Enter it into the name generator space.
• Click on the “generate names” button

After doing this, the name generator will display numerous names for you to select from. Learn why your business needs the perfect name, and how to find it .

6. Register Your Business

Registering your business name with the Corporate Affairs Commission has a lot of benefits to you as the business owner.

Apart from it making your business look authentic and making you operate as a professional, other benefits of registering your business name are:

• Protecting your brand name
• Preventing police harassment
• Access to government loans
• Customer trust
• Government contracts
• Facebook verification, etc.

Furthermore, before you can register your business name, you must have an account registered with the Corporate Affairs Commission-Company Registration Portal.

Secondly, would need to conduct a name search of the business. You can achieve this using your Corporate Affairs Commission-Company Registration Portal account.

Learn how to register your business name with the Corporate Affairs Commission in Nigeria .

Registration Steps For Business Name With The Corporate Affairs Commission

• Check for availability of the Business name
• Complete pre-registration form – CAC-BNo1 and upload relevant registration documents Online using Company Registration Portal)
• Pay filing fee

Now registration of company name with Corporate Affairs Commission is end-to-end on the COMPANY REGISTRATION PORTAL (CRP) with electronic Certificate of Registration and Certified Extract of registration information.

You can register your business name without the services of the legal practitioner, Chartered Accountant, or Chartered Secretary.

7. Set Your Budget

When you know the type of hair salon you want to start, you will need to examine your finances. Hair salon expenses vary widely based on your business size and location.

For example, a home-based or street corner hair salon may only cost a few amounts of money but a large salon in an attractive location may cost a huge amount of money.

If you want to set up a standard hair salon, then you need to expand your budget. Learn how to finance your hair salon business in Nigeria .

Things to budget for your standard hair salon business are:

• A shop space
• Wash hair basin
• Standing dryer
• Trimming scissors
• Curling iron
• Hair straightener
• Carts and trolleys
• Fan/hair conditioner
• Shampoos and conditioner
• Comfortable chairs
• Towels and towel warmer
• Table with drawers
• Generator for standby power supply
• Television, etc.

Also See: Top Profitable Business To Start With 100k In Nigeria

8. Determine Your Target Customer

Your business decisions will be shaped by the type of customers you plan on serving. Research the market in your area to know the services to offer your target customer.

If your target customers are old women, young women, high-income earners, working professionals, stay home mothers, children then make sure you provide services that will accommodate them.

By Determining your target customers, you will know how to set your hair salon business to satisfy them

9. Choose Location For Your Hair Salon Business

Having the right location for your hair salon business in Nigeria will play a significant role in your business growth.

A good location will make your business to be visible to people.

In choosing your location, you should have your target audience in mind. Moreover, It is not advisable to situate your hair salon in an area where there are many hair salons to avoid unhealthy competition.

Choose a high-traffic area, busy streets, or space next to places where people visit often, such as entries, grocery stores, markets, etc.

Choose an area with a constant power supply and a good source of water supply.

Also, be familiar with the area, know the local competitors, know how customers will get to the salon, make sure there is ample parking space and a restroom, ensure that there are no security threats.

10. Employ Professional Personnel

This isn’t compulsory, but you need staff to enhance your workflow and increase profitability. If you want your hair salon business to boom, then you need talented hands to assist you.

Make sure the people you hire have strong work ethics, good attitudes and are capable of retaining customers. You should also treat your employees well because how you treat them will determine their output.

Also See: How To Start A Clothing Business In Nigeria

11. Get A Complimentary Card

To look professional, you need a business card with your contact details and business address printed on it. Offering your complimentary card to potential customers signifies that you know what you are doing.

You can keep some cards in your pocket or purse and hand them out when exchanging pleasantries with potential customers. Business cards can promote your business beyond where you ever think of and bring in more customers.

12. Publicize Your Business

Your business is meant to be seen and patronized by people. Do not keep a closed mouth, announce your business, make it known to people, talk about it like you’ve never done before.

Also, do not relent using social media platforms like Facebook, Twitter, Instagram, etc to advertise your business.

Moreover, to accurately publicize your business, design and distribute attractive flyers, take professional pictures of your works, make short videos of your works and post them on social media platforms where there is a wide audience because people are moved by what they see and not what they hear.

Make sure you fiercely advertise your hair salon business online and offline respectively.

13. Do Not Overcharge Your Customers

Rome was not built in a day, so you cannot become rich overnight. it is not advisable to chase away your customers by charging them very high .

Make your price moderate, do not cheat yourself and customers too, let there be a balance.

Moreover, moderate prices increase patronage and your availability in business. When your customers constantly patronize you and bring more customers to you,  then you are bound to make more money.

14. Maintain A Clean And Safe Environment

Cleanliness is next to godliness; nobody likes a dirty environment.  If you want your hair salon business in Nigeria to bloom and bear fruits, make sure your business environment is clean, safe, and relaxed for your customers.

Make sure you scrub the floor at all times, keep your towels, curtains, and combs clean, and disinfect every sharp object.

Make sure your customers receive professional services for constant patronage because What your customers tell others about your services will determine your growth.

15. Offer A Wide Range of Services

When you focus on one aspect of the hair salon business in Nigeria, you may not make enough money as you would make if you offered a wide range of services.

Aside from braiding or fixing of hair, you can offer other services like washing and relaxing of hair, hair treatment, pedicure, manicure, fixing of nails and eyelashes, etc. Many people prefer to do everything in one place to go to different places.

16. Have A Good Customer Relationship

The essence of opening a business is to make a profit and without customers, profit cannot be made.

Customers will determine your duration in business, so it is advisable to rather make more customers rather than chasing them away.

The way you relate with your customers will determine their level of commitment. It is good to have a good relationship with your customers, make them feel valued and appreciated, and focus on giving them the best experience.

Always reach out to your customers by collecting their contact information and send them updates on new products/services, and any special offer you have for them.

Do not compromise your standards to avoid falling out of business.

Consistency is the key to a successful business. It is one thing to establish a business, it is another thing to grow it. To grow and expand your business, you have to be consistent.

Neglecting your business will make people see you as being unserious. Dedicate time for your business even if you have staff working for you.

Do not assume a secondary position in your business because your staff will not handle your business as you.

17. Create A Hair Salon Blog Or Website

This is not compulsory, but to keep your customers engaged, you can own a blog or website where you post things about hair—new hairstyles, new hair products, advice on how to take care of hair, etc.

You can also talk about existing hair products and why they should use them. There is no how you will follow these steps that customers will not come begging you to take their money.

The hair salon business in Nigeria is very profitable if you start well. You must follow the steps on how to start a hair salon business explained in this article if you want to remain and grow in business.

I hope this guide on how to start a hair salon business in Nigeria helps?

Good luck in your hair salon business!

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2 thoughts on “How To Start A Hair Salon Business In Nigeria 2023”

Wow amazing , I read this from start to finish, very helpful content.. Thank you ????

We are glad you liked it Sharon.

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Business Ideas

How to start hair salon business in nigeria.

If you have been having the thoughts of starting a hair salon business in Nigeria. This article is the ultimate guide for you. In this article on how to start a hair dressing salon in Nigeria, I will be explaining in detail whether the hair salon business is profitable, the cost of starting, the equipment needed, and most importantly the step-by-step guide to starting a profitable hair salon business in Nigeria.

There have been questions if men or guys can be able to start a lucrative hair salon business in Nigeria just like women. This is because, till today, so many women believe it is only women that can make hair. Well, from what I have seen so far men can run hair salons just like they run barbing salons. Women can also run barbing salons perfectly.

Is Hair Salon Business Profitable?

There are so many reasons why the hairdressing business is profitable in Nigeria. The first reason why the business is lucrative is because of the high demand for its services . Nigerian women, ladies, and girls like looking beautiful. For this reason, they spend money to make their hair.

They could either plait it, fix attachments or simply buy wigs to wear to look good. To do all this and stand out they need the service of a hair stylist or hairdresser. Another reason why the hair salon business is profitable is the other services the hair salon business offers.

Hair salons also render services like repair and maintenance of wigs, sales of attachments, fixing of nails, and more.

Capital Needed to Start Hair Salon Business

There are so many questions as to the capital needed to start a hair salon business in Nigeria or the cost of starting a hairdressing salon business in Nigeria. The cost of starting a business like this normally ranges from #500,000 – #2,000,000. How much you will spend as capital to start a profitable hair salon business in Nigeria depends on the area you stay and want to start the business.

For example , it will cost more to start a hair salon business in an urban area than in a rural area. However, you will spend the bulk of your money (starting capital) on equipment needed for your hair salon business and rent for your shop unless you want to start the business from home.

List of Hair Salon Equipment

There are equipment or tools needed to start a hair salon business in a country like Nigeria. These equipment ranges from the most expensive to the cheapest.

1. Hair dryer

2. Salon table

3. Salon Cape

4. Salon Apron

5. Salon towels

6. Salon mirrors

7. Hair clips

8. Hairbrushes

9. Barely brush

10. Scissors (assorted)

11. Curling iron

12. Hair straightener

13. Styling chairs

14. Fans/Air conditioner

15. Generator

Here are steps on how to start hair salon business in Nigeria.

1. Learn How to Make Hair

This is the first step on how to start a hair salon business in Nigeria. The hair salon business is a handwork. If you are going to employ a worker(s) that will make hair for your customers you need to learn how to make hair. Learning to make all types of hair is necessary so your customers will not have any reason to leave your shop for another hair salon.

The average time you need to learn hairdressing handwork is 3 months. But to make sure you learn everything necessary for you to learn you can learn it for 6 months.

2. Write a Business Plan

The second step to starting a profitable hair salon business in Nigeria is to write a hair salon business plan . This is very important especially if you are investing big capital into the business. If you are not investing a huge capital into the business you can just do the market survey for the business, especially in the area you want to start your hair salon business.

Writing a hair salon business plan has different ways or different steps. You can use online business templates to write or simply hire a professional to write the business plan for you. The professional will write the hair salon business plan based on the capital you have at hand. Or based on whether you want a small-scale hair salon or a large-scale hair salon.

3. Get the Required Capital

Depending on the area you want to start your hair salon business you will need huge capital, especially for the shop rent and the hair salon equipment. You need to make sure you have enough money to start the business before you go into the business so that you do not get stuck halfway.

In the meantime, if you do not have all the capital needed you can render home services first till you have saved up for the capital needed. As I said earlier, the capital needed to start a hair salon business ranges from #500,000 – #1,000,000. Read our guide on how to start a business in Nigeria with no capital if you have no clue on how to start a business without capital.

4. Buy your Salon Equipment

Hair salon equipment ranges from original to fake, expensive to cheap, and new to tokunbo. The kind of hair salon equipment you buy for your hair salon business depends on the capital you have at hand. Many people who go into the business buy tokunbo equipment instead of new ones.

However, it depends on you. When it comes to the generating set, you need to buy a generator that can work with your hair dryer and other important electronics in your shop.

5. Rent a Shop for Hair Salon

When it comes to renting a shop for your hair salon business in Nigeria there are a few things you need to put into consideration. You need to consider the size of your hair salon shop. You do not want a place where your customers can not comfortably stay.

You also need the shop to be able to display other things you want to sell to customers like wigs, attachments, and more.

You need to consider the location of your shop. You do not want to rent a shop in a hidden place – a place customers cannot easily locate you. You should consider looking for available shops at bus stops, roundabouts, t junctions, and major streets. Lastly, you must consider the cost of rent. The shop must not be expensive.

6. Furnishing Hair Salon Shop

After renting the shop you need to furnish it with all the equipment you bought. You will also need bright bulbs to light up the shop, especially at night. The electrician will help you to properly install all electronics in the shop while a carpenter will help you install all furniture in the shop. Depending on what you prefer, you can connect your shop to NEPA or simply run your generator all the time.

7. Start the Hairdressing Business

You can start your business immediately if you furnish your hair salon shop. You do not need to wait for a perfect time before starting. To get your first set of customers, you can simply invite your family and friends to come to make their hair in your salon. If you do a good job with their hair, they will refer you to their friends for free.

You can also inform your church members about your hair salon business. And promise them a discount when they come to make their hair.

8. Profits in Hair Salon Business

There are many ways to increase profits in your hair salon business in Nigeria. The first step is to diversify your business – making sure that you are not just making hair in the business. You can also sell wigs, attachments, cosmetics, and other related products alongside your hair salon business. Asides from this, you can render home services for customers that do not want to come to the salon.

Hair salon business is a profitable business in Nigeria because of its high demand. It is no longer a business that attracts women alone as men too now plait their hair. You too can start small today and build your profits slowly and gradually build fame through consistency.

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How To Start a Hair Salon Business in Nigeria

HOW TO START A HAIR SALON BUSINESS IN NIGERIA There is one thing certain in this life, everyone wants to look good. When people look in the mirror, it is because they want to check out how they look and of course, they’d want the image in the mirror to be attractive. Women are ready to go the extra miles just to look attractive in the eyes of men and even to compete with their fellow women and make them envious. The hair is one of the major parts of the body that can either bring out ones beauty or hide it; hence a lot of women are very particular about what hairstyle they make and how well it is made. This is where the hair salon business comes in. When you want to list out businesses that yield instant revenue on a daily basis, you’d have to mention hairdressing salon business. This business sees customers trooping in morning, afternoon and even night depending on how good the hairdresser is. A hair salon business could be a very lucrative business because fashion is an ongoing process but that is if you know how to work your onions. It is one business that brings in money on a daily basis. The major advantage of this business over most other businesses is that it can be started anywhere, be it in your living room, at the corner of your compound or a small rented space. Hair salon is quite easy to start but it’s very vital that you make some research just to help you in making sure the hair salon doesn’t fail in a couple of years. Breakdown of how much you could be making as a hair dresser. This will be in two parts; those who started with a small space in front of their houses and those who started with a rent space. Those who started with small space: for these people, they must have started this business with very little capital as most of the equipment bought is usually smaller and of lesser standards than those in salons. The capital they invest is usually between 15-20 thousand naira. In a day, if you make Two braids – N1500X2 Three retouching- N300X3 Two weavon fixing- N1200 So, in a day you would be making a total of approximately N5000, depending on how good you are and how good you are will determine how much you charge. Those with a rented space: for these people, the business is started with much more capital than those that use the front of their houses. Chairs, sofas, mirrors, fans, generator and a lot of standard equipment would need to be purchased and this would require much capital between 100-150 thousand naira, excluding rent. It seems like a lot of money, yea, but when you consider how much you could be making daily, you’d realize it’s worth spending the capital on. Let’s say you make: Three braids- N2000X3 (of course a hairdresser with a shop is more expensive) Five retouching- N450X5 Three weavon fixing- N800X3 So at the end of the day, you’d be making as much as over N10000 and if you add that up, you’d be happy with what you’d be making at the end of the month. And then when you expand and start having apprentices, you can be making double or triple that amount, depending on how many apprentices you have.

Steps to be taken before starting a hair salon: Acquire the necessary skills required: This is actually for people that intend to work on the hair themselves and not necessarily those who seek to employ workers while they oversee the running of the salon. Even though you do not have to have a degree to start a hair dressing, it is very vital to spend a few months to a year (depending on how fast a learner you are). This is to help you learn different hairdos such as fixing of weavons, braiding of hair, Ghana weaving, retouching and washing and a whole range of other hairstyles. This is for the women hairdos and for the men cuts, you also have to learn how to cut different hair styles such as punk, gallas, afro, stone cold etc. do not go into the business without being properly trained as no customer will come back to your shop if he or she isn’t comfortable with your work. Learning hair dressing or barbing doesn’t cost that much and so there is no excuse for not learning. Write a business plan: This is necessary as this gives you a clearer view of what you are about to venture into. It will show you how much capital you need to start, man power needed etc. Start saving up for it: After writing your business plan and seeing how much would be needed to start the business, the next thing to do is to start getting the capital for it. This can be done even while you are still undergoing training. You don’t have to wait till you are done with the training to start running around for money. you can start during daily contributions, seeking loans from lending institutions, friends and families etc. please bear in mind that you do not necessarily have to break the bank to start a hair salon. You can actually start small; maybe in a small corner in front of your house and from the works of your hand which you must have acquired during the training, you can now graduate into getting your own shop. Location: This is for those that have enough startup capital to rent a shop space or those that have made enough money from doing the business in a small corner in their compound. For your hair salon to excel in a country like Nigeria, the location you site your shop space is very important. You would need to take enough time to get a suitable location. The location has to be easily accessible. If you go and get a space in a corner or in a hidden location, you may not succeed. Decorations and neatness: This is for when you’ve successfully opened your salon. if you want people to come to your shop and keep coming back, you should ensure a high level of cleanliness, both personal and environmental, your equipment should be neatly arranged, and modern equipment should be used in preference to ‘old school’ equipment. Germicides, anti-dandruff shampoos, after shave etc should also be readily available. Personal character: A hair stylist should be of very good behavior when attending to his or her customers as a bad behavior will only chase away your customers and give your business a bad name. You should learn to live the saying ‘the customer is always right. Create awareness: You need to make sure you find a way to advertise your business, either by making signboards or by words of mouth; you have to make people aware of your business. You can also ask friends and families to inform their friends. Another means of creating is by the work of your hands. If your work is really good, it would advertise for you as people seeing such nice hairdo would want to inquire about where it was made and also get theirs made there.

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Equipment required for a hair salon Hair salon equipment are getting cheaper by the day and one should make sure all the necessary equipment and maybe more are gotten before venturing into the business. Some of this equipment are listed below; Beauty salon: Combs and brushes Electronic grooming equipment: trimming scissors, curling iron, hair straightener, curling comb hair dryer. Hair styling tools: hair straightener, blow dryers, hair curlers, rollers etc Standing dryer Wash hair basin Mirrors Table with drawers. Towels Rubber and plastic gloves Steamers Shampoos and conditioners Comfortable chairs Carts and trolleys. Tonging equipment. Generator. Fan or air conditioner. Etc. It is important to note that you do not necessary need to limit your shop space to only be used as a hair salon, other forms of businesses can be run concurrently thereby maximizing profits. Some of these businesses are briefly described below: Pedicure and manicure: a cosmetic beauty treatment for the finger nails and hands when it relates to manicure and called pedicure when these same treatments are carried out on the toes. This includes filing and shaping of the nails, pushing and clipping of any non-living tissue on the cuticles, treatments, massage of hand, nail polish application etc. You can also buy a deep freezer and sell items like soft drinks, pure water, snacks etc, that most customers are likely to buy. You can also display wears, cosmetics, shoes, bags etc.

In conclusion, you shouldn’t forget that Rome wasn’t built in a day and you will face challenges, it is important not to give up until you’ve tried everything possible to make it work. Most successful businesses today didn’t get to the level they are without facing one obstacle or the other.

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Hair Salon Business Plan

Cutting and styling hair is an art not many are adept with.

After all, it takes more than artistic talent to give cuts that suit different hair. And if you are someone who has this talent, then you might have thought of having your hair salon business.

Having your hair salon business is possible and just requires two things for success. That is, skills to make people’s hair look pretty and a hair salon business plan .

Here are a few facts about the hair salon industry and steps to setting up your business. But at the same time, the prospect of having a business is overwhelming to many of us. You don’t need to worry, though!

Industry Overview

The spa and salon market stood at an impressive value of $138.9 billion in 2020, and as people continue to return to salons after the pandemic, the market’s value is expected to rise at a higher rate.

The rise in personal care and beauty spending is one of the major reasons for the growth of the hair salon industry.

Apart from beauty purposes, hair salon businesses have also seen a rise due to the increasing demand for hair care services.

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Things to Consider Before Writing a Hair Salon Business Plan

Find your usp.

A hair salon gives several services including cutting, coloring, styling, and hair care. Apart from that, your customer service, prices, and a lot of other things make your services a package deal for your customers.

But out of everything that makes up your business, you have to do something that you do differently or better than your competitors. This would help you stand out and become memorable to your customers.

Build your client base

Although this is an ongoing process, getting a head start with building your client base is essential. Know what sources you can use to reach out to your clients, what makes them pick a hair salon service, what makes them come back, and so on.

Knowing these things gives you an edge over businesses that dive right in without an action plan.

Find the ideal location

The ideal business location will be both accessible and functional. A good location for a hair salon would be either located in a busy neighborhood or a place that people frequent between home and work.

A good location makes accessing your services more convenient and hence more in demand.

Design your salon for both form and function

Although, it is advisable to hire a designer to design your salon in a way that is functional and also looks appealing. But cash crunches, startup costs, and whatnot might leave lesser scope for a designer in your budget.

In such a case, you can design your salon with the help of catalogs, outside inspiration, and your creativity to make it as functional as possible and build upon and redesign it as your business grows.

Writing Your Business Plan

If you are planning to start a new hair salon business, the first thing you will need is a business plan. Use our sample hair salon business plan created using upmetrics business plan software to start writing your business plan in no time.

Before you start writing a business plan for your new hair salon business, spend as much time as you can reading through some samples of hair and beauty salon business plans .

Reading some sample business plans will give you a good idea of what you’re aiming for and also it will show you the different sections that different entrepreneurs include and the language they use to write about themselves and their business plans.

We have created this sample hair salon business plan for you to get a good idea about how perfect a hair salon business plan should look and what details you will need to include in your stunning business plan.

Hair Salon Business Plan Outline

This is the standard hair salon business plan outline which will cover all important sections that you should include in your business plan.

• Business Overview
• Our Services
• Goals and Objectives
• Keys to Success
• Katarzyna Doe
• Legal Business Description
• Hiring Plan
• Products & Services
• Market Trends
• Target Market
• Market Analysis
• Customer Profile
• Competitive Summary
• Competitive Advantage
• Sales & Marketing Strategy
• Sources of Income
• Sales Forecast
• Pricing Strategy
• Publicity and Advertising Strategy
• Personnel Plan
• Startup Costs
• Important Assumptions
• Profit & Loss Projections
• Balance Sheet Projections
• Cashflow Statement
• Business Ratios

After  getting started with Upmetrics , you can copy this hair salon business plan example into your business plan and modify the required information and download your hair salon business plan pdf and doc file. It’s the fastest and easiest way to start writing your business plan.

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Download a sample hair salon business plan

Need help writing your business plan from scratch? Here you go;  download our free hair salon business plan pdf  to start.

It’s a modern business plan template specifically designed for your hair salon business. Use the example business plan as a guide for writing your own.

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[Detailed!] How to Start a Hair Beauty Salon Business In Nigeria

Hmmm… Beautiful woman; we all love to look at her and talk about her. She’s got it all, not so? Did you know that hair is one of the major parts of her beauty?

To satisfy this desire, many look for the best places to get the special treatment that will bring out the beauty in them. They will endure hours of pain, just to achieve a certain look which they considered beautiful.

Did you know you can start a business around making people look good and happy? Hair beauty salon business is one sure way to go.

Now the question is do you have passion for starting your own beauty salon business?

What Is Beauty Salon Business?

A beauty salon business offers men and women with services to improve their beauty, such as hairdressing, manicuring, facial treatment, massage, hair coloring, hairstyling, pedicures, haircut and selling of products to your client.

Gone are the days, when women want to be beautiful by all means. They put their health at risk with some homemade cosmetics. For example, they used chemicals like arsenic, lead, mercury e.t.c .

Funny enough, they used male urine to get rid of pimples. The Yoruba culture places more value on the woman hair, because they regard it as her covering. 

Women with long hair attract people most especially men. In the past, Yoruba women, wore different hairstyles to adorn their beauty like Didi (weaving or adimole) and kiko (plaiting).

Nowadays, creative hairstyles have been introduced through the use of the modern weaves, wigs and thread.

Beauty salon business is an industry that supports and promotes beauty, and has gained more and stronger ground.

So, if you’re thinking of starting your own hair beauty salon, but don’t know how to go about it, just relax and read on to find out what it takes to start the business. 

Firstly, I will give out the list of services rendered at a hair beauty salon.

Beauty Salon Business Services List

The following services are rendered in a hair beauty salon:

Hair Services

Hair services in a beauty salon includes:

• Trims and style (especially for men),
• Weaving and braids
• Hair & scalp treatments
• Hair extensions (including wigs, artificial and human hair)
• Relaxers and perms
• Shampoo and conditioning
• Scalp treatment
• Naturally textured treatment

Nail and Skin Care       

The most common nail and skin care services are:

• Fixing of artificial nails
• Sculptured nails
• Nail repair and hand conditioning treatments.

The popular skin care services are facials, body waxing and massage.

Pedicure and Manicure

As we all know, Pedicure and Manicure is a cosmetic beauty treatment for the fingernails and toes.

Since your hair beauty salon is going to serve mostly the female gender, there are chances your customers will request for pedicure and manicure services which are quite high.

It will no doubt bring in extra cash for you.

Sales of Hair and Beauty Products

Many beauty salons make money through the sales of hair and beauty products. Such products include:

• Daily and deep treatment conditioners
• Hair styling products such as mousse
• Pomades and other specialty hair products

Selling beauty products has become a major source of revenue for most salons, because most customers prefer to buy everything they need in one place.

Spa Services                                           

Spas are also becoming very popular, due to a growing awareness of its beauty, health and wellness benefits.

The common services offered by spas include:

• Body scrubs
• Skin lightening
• Body wrapping
• Derma abrasion
• Stretchmark and blemish treatments
• Facials makeup
• Waxing and polishing.

 Home Services

This category includes all the services mentioned above and is offered to high-profile clients who prefer to have these services in their homes, instead of visiting the salon.

These are usually high-paying customers who are unable, due to time, or other factors,  to visit the salon.

How Profitable Is Beauty Business?

Did you know that Hair salons in the United States generate about $44 billion in revenues each year? From 2012-2017, the industry saw an annual average growth rate of 1.8%. (IBIS World)

Beauty salon business is a lucrative one that on a small scale, you can make between N50,000 to N100, 000 or more weekly. Yes, I mean it.

If your dream is to start hair beauty salon business, for real you can start it. The following guide will really help you.

For Small scale beauty salon business

If you want to open a hair beauty salon business in Nigeria, you should determine the type of business based on how big or little the salon would be.

A hair beauty salon business is a business you can start with any amount you have available. You could start a hair beauty salon business with #10, 000 or even less.

Interestingly, you could get a loan online. Yes, it is very possible. You have a house, just clear the front of your house and get a comb, creams, shampoo and some other things, and you will start making your money.

Just as you can start with #10, 000, you can also start with #5, 000, 000.

It depends on the area, the location, the kind of people expected, people working for you and the kind of things you have in your salon.

On the average level, you could start with capital between #200,000 – #400,000

Let’s assume you want to invest with #50,000, provided you have a space already, all you need include chair, tables, dryer, fan etc.

Two braids – #1500 X 2 = #3,000

Three retouching – #300 X 3 = #900

Two fixing – #600 X 2 = #1,200

Weaving – #150 X 3 = #450

Nail fixing- #200 X 3 = #600

Total = #6,150

So, in a day you would be making a total of over N5000, depending on how good you are and assuming you are working for 6 days in a week, you will be making over #30,000

For Large scale beauty salon business

You need more capital than those that use the front of their houses. Chairs, sofas, mirrors, fans, generator and a lot of standard equipment would need to be purchased, and this would require much capital.

The good news is when you consider how much you could be making daily; you will realize it’s worth spending the capital on.

Let’s say you make:

Three braids – #2000 X 3 = #6,000

Five retouching – #450 X 5 = #1,350

Three weavon fixing – #800 X 3= #2,400

Manicure and pedicure – #1000 X 3 = #3000

Total = #12,750

So at the end of the day, you’d be making as much as over #10,000 and if you add that up, you’d be happy.

When you expand and start having apprentices, you can be making double of that amount, depending on how many apprentices you have since they will assist you, then your work will be faster.

Don’t forget that you will also collect money from your apprentice. Assuming you have 10 apprentices, you should be collecting at least #30,000 from each depending on your location.

At the end of the year, you will be having a total of #300,000. You can also buy a deep freezer and sell items like soft drinks, pure water, snacks etc. that most customers are likely to buy.

You can also display wears, cosmetics, shoes. These will no doubt bring extra cash for you.

Steps to Follow When Starting A Hair Salon Business In Nigeria

Here is how to start a beauty salon business with maximizing profits.

Startup Capital

You need to figure out how much money you need to get started, and where it will be coming from. Is it from personal saving, a loan from a cooperative society , relative or bank?

Beauty salon business is one of those businesses that can thrive irrespective of the economic situation of the country, so you can start from a small scale.

Get Adequate Training If You Have None

You cannot rush into beauty salon business, or else, you get yourself into a bigger problem because if you give a not too satisfactory service to a customer, well, you are on your own.

Ever seen a customer ranting and complaining bitterly about her hairstylist? What effects did you think her complaints will have on other potential customers, they may decide try other stylists.

Be good at what you do, be on the learning curve, and provide top notch service to your customers.

Choice of Location

You want to select a spot with good traffic, high visibility, and it must be located around your clients. Also, try to consider your competitors and try to present something that sets your salon apart.

Make sure that you get a space, in an area with constant power supply. Also, ensure that there is a good source of water supply to ensure a smoother running of your business.

Furnish Your Shop       

You might not need to spend a lot if you don’t have enough capital, a local carpenter can fix a table with a drawer and a standing mirror for an affordable price.

For a large scale beauty salon business, go for modern and sophisticated items.

Purchase the Necessary Equipment

Beauty salon business is very lucrative if you have the necessary equipment to give optimal service to your clients.

Whether you are operating from home or from a shed or in a big rented shop, you need equipment to start operation.

From your training, you will be able to know the most important ones to begin with, then gradually buy the rest.

The services you decide to render will determine what equipment to buy. Just make sure you purchase quality equipment.

For a large scale hair beauty business, the business will require a receptionist/financial secretary who will greet customers and receive payment for services and products.

The salon will also include a financial manager /facial and massage technician to oversee all of the expenses, bills, payroll, etc.

There will also be two barber/hair dressers, a cleaner and a part time nail fixer, facial and body massage staff. For small scale only you and your apprentice are good to go.

Marketing is key to the survival of any business; it helps you put your business in front of your target audience.

For a large scale beauty salon business, you need customers. To attract customers you need a marketing plan. But who is your customer? You should know your customer and then market to them.

Social media is becoming an important component of marketing strategies today, so add this to your marketing plan, but make sure you post regularly and engage your target audience.

You should provide helpful information for your customers, such as hours, location, contact information, and pricing.

How should you price your products?

As you go about your business, make sure you don’t overcharge your customers.

Rendering good services at affordable prices ensures continuous patronage and this will make the customers come back again.

The prices for these services can vary, depending on the kind of customers you intend to target.

If you set up shop in a relatively rural area, price is likely to be a key factor for your customers. High personality customers may not usually bother about prices as long as they get quality of service.

Equipment and Beauty Salon Design

Basically, you should simply look to tailoring your design around your target customer base. Before you start painting the walls and picking out furniture, make sure that your design matches the kind of customers that you want to attract.

You want to make your customers feel comfortable in your salon. Please make it a place they want to visit often.

Create a clean and safe environment and be sure your towels, footbaths, and other equipment are washed, cleaned and free from odor.

Ensure that your sharp objects are disinfected regularly. Make the atmosphere relaxing, and you can as well play soft music.

Below are some of the necessary equipment to run a successful beauty salon business·

• Wash hair basin
• Standing dryer
• Trimming scissors
• Curling iron
• Hair straightener
• Carts and trolleys
• Fan/air conditioner
• Shampoos and conditioners
• Comfortable chairs
• Towels and towel warmers
• Table with drawers
• Air conditioners (not compulsory)
• Flat screen TV and a satellite decoder (not compulsory)
• Nail accessories
• Scissors. E.t.c.

Implementation Schedule

This refers to hours of operation of the beauty salon business.

Working Days and Working Time Operation

Monday-Friday: 8 am – 7 pm

Saturday: 8 am – 9 pm

Sunday: 8 am – 9 pm

Services and Prices

Item Service Price          (N)

Hair barbing :

Female                          #300

Male                              #250

Barbing with generator :

Female                         #350

Male                             #300

Hair treatment :

Shampoo wash

• Female #300
• Fixing of weavon #1,000
• Dreadlocks #1,500
• Sporting waves #600
• Facial treatment #3,000
• Home services #2,000
• Manicure and Pedicure #500

Advantages of Hair Beauty Business

The major advantage of this hair beauty business over most other businesses, is that it can be started anywhere, be it in your sitting room, under the tree, at the corner of your compound or a small rented space.

Beauty hair salon is quite easy to start but it’s very vital that you make some findings, and I’m sure what you’ve read in here is of great help.

Risks and Challenges of Beauty Hair Salon In Nigeria

The following are challenges of hair salon business in Nigeria

Irregular Power Supply  

The main challenge is having inadequate power supply to power the different machines required, cost of fuel and maintenance hence increases.

• High cost of Rent

Finding an ideal location for a beauty salon business is expensive in some area. If you want to target the middle class, and you can’t afford to find place within their reach, then this becomes a problem.

• Difficulty in Finding Competent Employees

Professional hairstylists mostly are hard to come by. Most times, you will have to make do with apprentices and inexperienced hairstylists which may delay your business growth for a while.

• Difficult Customers

Some customers may request frustrating demands. Others may be very rude and aggressive to you and your staffs.

Dealing with such customers can be difficult especially if they have been patronizing you for long time.

• High Rate of Low Quality Products

The market has been filled with low quality, cheap imitation of hair extension and hair creams/shampoos, which makes delivery of quality hairstyling difficult and frustrating.

Starting Hair Beauty Salon Business In Nigeria (conclusion)

The beauty salon business in Nigeria is worth millions of naira every day, every month and every year. Especially during weekends, millions of boys, girls, men and women young and old troop to their favorite salons.

I believe that, as long as your hair keeps growing, hair beauty salon business will continue to be a great business opportunity for majority.

Now, you can check out our site on oasdom.com and see more business ideas you can start today. If you enjoyed reading this article, you can start raising capital to start your beauty salon business. 

Did you find this post to be interesting and helpful? Please drop your comment, and give it a like and share.

RELATED ARTICLES MORE FROM AUTHOR

Finance 101: 4 healthy financial habits for beginners, top 10 business trends to follow in 2024, 5 reasons you should consider investing in an ria.

Very detailed 💯❤️

Waooo…

very insightful. thank you

Very helpful, will like us to talk more, will love to revamp my salon.

Very helpful thanks

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Hair Salon Business Plan Template & Guide

Written by Dave Lavinsky

Hair Salon Business Plan

Over the past 20+ years, we have helped over 5,000 entrepreneurs and salon owners create business plans to start and grow their hair salons. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a hair salon business plan template step-by-step so you can create your plan today.

Download our Ultimate Salon Business Plan Template here >

What is a Hair Salon Business Plan?

A successful salon business plan provides a snapshot of your salon as it stands today, and lays out your growth plan for the next five years. It explains your business objectives and goals as the salon owner and your strategy for reaching them. It also requires you to conduct market research to support your plans. Your business plan is the roadmap to your salon’s success and growth.  

Why Do You Need a Business Plan for a Hair Salon?

If you’re looking to start a salon or grow your existing salon you need a business plan. A successful business plan will help you raise funding, if needed, and plan out the salon’s growth in order to improve your chances of success. Your business plan is a living document that should be updated annually as your company grows and changes.  

Sources of Funding for Hair Salon Owners

With regards to funding, the main sources of funding for a salon business include bank loans and angel investors. With regards to bank loans, lending institutions will want to review your salon business plan and gain confidence that you will be able to repay your business loan payments including interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable. But they will want to see a professional business plan. Such a plan will give them the confidence that you can successfully and professionally operate a salon business.

The second most common form of funding for a salon is angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding or, like a bank, they will give you a loan.  

Finish Your Business Plan Today!

How to write a business plan for your salon.

A hair salon business plan outline should include the 10 sections as follows:

Executive Summary

Company overview, industry analysis, customer analysis, competitive analysis, marketing plan, operations plan, management team, financial plan.

Your executive summary details an introduction to your salon business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of hair salon you are operating and the status; for example, are you a startup, do you have a hair salon with existing clients and revenues that you would like to grow, or are you operating a chain of hair salons.

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the hair salon industry. Discuss the type of hair salon you are operating. Detail your direct competitors. Give an overview of your target market. Provide a snapshot of your hair salon’s marketing strategies. Identify the key members of your team. And offer an overview of your financial plan.  

In your company description, you will detail the type of hair salon you are operating.

For example, you might operate one of the following types:

• Hair salon focusing strictly on hair cuts and hair styling
• Hair salon offering other spa services or skin care services
• Hair salon offering products
• Combination of the above types

In addition to explaining the type of hair salon you operate, the Company Analysis section of your business plan needs to provide background on your business.

Include answers to question such as:

• When and why did you start your hair salon business?
• What is your business model?
• What is your mission statement?
• 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? A Limited Liability Company? A sole proprietorship? Explain your legal structure here.

In your industry analysis, you need to provide an overview of the hair salon business.

While this may seem unnecessary, it serves multiple purposes.

First, researching the hair salon industry educates you. It helps you understand the market in which you are operating.

Secondly, a thorough market analysis can improve your strategy particularly if your research identifies market trends. For example, if there was a trend towards a new type of hair or hair service, it would be helpful to ensure your plan included offering such services.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the hair salon industry research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your hair salon business plan:

• How big is the hair salon business (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential market for your hair salon. You can extrapolate such as figure by assessing the size of the market in the entire country and then applying that figure to your local population.

The customer analysis section of your hair salon plan must detail the local clients you serve and/or expect to serve.

The following are examples of customer segments: college students, sports enthusiasts, soccer moms, techies, teens, baby boomers, etc.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of hair salon you operate. Clearly baby boomers would want a different atmosphere, pricing and product options, and would respond to different marketing efforts than teens.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve. Because most salons primarily serve customers living in their same city or town, such demographic information is easy to find on government websites.

Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.

Finish Your Hair Salon Business Plan in 1 Day!

Don’t you wish there was a faster, easier way to finish your hair salon business plan?

With Growthink’s Ultimate Salon Business Plan Template you can finish your plan in just 8 hours or less!

Your competitive analysis should identify your indirect and direct competitors and then focus on the latter.

Direct competitors are other hair salons in the local community.

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes other local businesses that sell products such as hair dye, hair treatments, or styling products. You need to mention such competition to show you understand that not everyone in your target market frequents a hair salon on a regular basis or at all.

With regards to direct competition, you want to detail the other local businesses with which you compete. Most likely, your direct competitors will be hair salons located close to your location.

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

• What types of customers do they serve?
• What salon services do they offer?
• What products do they offer?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to stand outside your competitors’ locations and ask customers as they leave what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide superior hair salon services?
• Will you provide superior hair salon products?
• Will you provide specialized services that your competitors don’t offer?
• Will you make it easier or faster for customers to acquire your products?
• Will you provide exceptional customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a hair salon business plan, your marketing plan should include the following:

In the product section you should reiterate the type of hair salon that you documented in your Company Analysis. Then, detail the specific hair services you will be offering.

Document your pricing strategy and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the service menu you will offer and their prices.

Place refers to the location of your hair salon. Document your location and mention how the location will impact your success. For example, is your hair salon located next to a heavily populated office building, or gym, etc. Discuss how your location might provide a steady stream of new clients.

Here you will document how you will drive new clients to your location(s) and the loyalty programs you will implement to keep your loyal clientele. The following are some promotional methods you might consider:

• Making your hair salon’s front store extra appealing to attract passing customers
• Developing and marketing your website
• Social media marketing (advertising and organic posts)
• Advertising in local papers and magazines
• Reaching out to local bloggers and websites
• Partnerships with local organizations
• Local radio advertising
• Banner ads at local venues

Also think about your hair salon’s Unique Selling Proposition (USP), which should answer why customers should choose your salon over others. Make sure your USP is reflected in your marketing.  

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your hair salon such as serving customers, inventory management, keeping the hair salon clean, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to serve your 1,000th customer, or when you hope to reach $X in sales. It could also be when you expect to hire your Xth employee or launch a new salon.  

To demonstrate your hair salon’s ability to succeed as a business, a strong salon management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally you and/or your team members have direct experience in the hair salon business. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in salons and/or successfully running retail and small businesses.  

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you serve 20 customers per day or 50? Will your average price point be $50 or $100? How much revenue do you expect to make each year? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

While balance sheets include much information, to simplify them to the key items you need to know about, balance sheets show your assets and liabilities. For instance, if you spend $100,000 on building out your hair salon, that will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $100.000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most salon owners don’t realize is that you can turn a profit but run out of money and go bankrupt. For example, let’s say a company approached you with a massive $100,000 hair salon contract to provide hair salon services to their employees. Let’s assume the contract would cost you $50,000 to fulfill. Well, in most cases, you would have to pay that $50,000 now for supplies, employee salaries, etc. But let’s say the company didn’t pay you for 180 days. During that 180 day period, you could run out of money.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a hair salon:

• Location build-out including design fees, construction, etc.
• Cost of equipment like chairs, washing equipment, etc.
• Payroll or salaries paid to staff
• Business insurance
• Licenses and permits
• Legal expenses

Financial planning is about getting the numbers right to create a compelling and valuable hair salon business plan and, therefore, increases the chances of a successful launch of your new salon. The “right” type of numbers depends on who you are targeting the plan at. Consider the different needs of investors and lenders and what they want out of the financial section of your business plan.

Right for Investors

The numbers that investors want to see are realistic, but conservative, projections that still show a return that they feel is required by the level of risk they will take on by investing and by the opportunities to use their money elsewhere that they will give up (their opportunity risk). You lower the risk that investors feel they are taking on by showing proof of the management team’s experience, well-thought out marketing and operations plans, a quantifiable customer target market with demonstrated needs that the products and services of your salon will fulfill, and a competitive landscape which presents an opportunity for your business to steal some market share from the current players. Within the financial section, you support this lower risk by explaining your future revenue assumptions in a way that shows a gradual build up to profitability and a rationale for how the number of customers you expect is reasonable.

For some businesses, the return required by investors is only fully realized in the event of the sale of the business. However, an investor in a salon with modest dreams of being a local leader and an ongoing concern may show significant investor return through dividends paid out as the cash becomes available. For most investors, the return must be significantly greater than that of a safe investment like certificates of deposit or treasury bonds or mutual funds. Investors personally interested in your success (like family or friends) may not require as high of a annual return, while professional investors will be serious about a high return.

Right for Lenders

Lenders are most interested in the safe return of their principal with interest over time, and will not care so much about the absolute value of the company, beyond the value of its assets which can be seized and liquidated in the case of a loan default. To show lenders the numbers they want to see, the financial plan shows the business becoming cash flow positive relatively quickly to allow for these payments to begin, and for this situation to continue throughout the years after that point. Lenders will be interested in the value of assets that are being purchased (such as equipment, salon inventory, and real estate) and cautious lenders will want these assets to act as collateral and to limit their loan to this amount, unless personal assets are also offered as collateral. Lenders will share many of the same concerns as investors – that the rest of the plan is well-thought out, that financial assumptions are reasonable and conservative, and that the management team has the experience to lead.  

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your hair salon’s design blueprint or location lease.  

Free Business Plan Template for a Hair Salon

You can download our hair salon business plan pdf . Our sample hair salon business plan would also be a helpful resource for writing your own business plan.  

Hair Salon Business Plan Summary

Putting together a business plan for your hair salon will improve your company’s chances of success. The process of developing your plan will help you better understand your local market, your competition, and your customers. You will also gain a marketing strategy to better attract and serve customers, an operations plan to focus your efforts, and financial projections that give you business goals to strive for and keep your company focused.  

Additional Resources for Starting a Hair Salon

• How to Start a Hair Salon Business
• Essential Tips for Opening a Hair Salon
• Do I Need a Cosmetology License to Open a Salon?
• Hair Salons: Facts about Formaldehyde in Hair Products
• What Type of Salon & Spa Should You Open?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.

Click here to see how our professional business plan consultants can create your business plan for you.

Other Helpful Free Business Plan Resources

HAIR SALON BUSINESS PLAN IN NIGERIA WITH FINANCIALS

Looking for a solid Hair Salon Business Plan sample in Nigeria for your personal use or to seek grants, and loans from investors, CBN, NIRSAL, and other institutions?

We have created a downloadable Hair Salon Business template for you to use.

HAIR SALON BUSINESS PLAN AND FEASIBILITY STUDY IN NIGERIA

Business Description of Hair Salon Business Plan in Nigeria

Business: Hair salon

Industry: Beauty Care (Hair salon Business plan in Nigeria)

1.0, EXECUTIVE SUMMARY

HAIR ESSENCE hair saloon is a hair salon based on the border of two commercially bustling states., Lagos and Ogun States, that satisfies the hair needs of different genders and age groups in one visit. Our customers range from grown men and women to kids, our services also include in vogue trends and culture like permanents and hair coloring, tints, dyeing and other styling options that are in vogue. Service is offered on a walk-in basis or by appointment. HAIR ESSENCE hair salon will ensure their services are aimed and directed towards the utter and absolute satisfaction of the customer, where the customer’s needs are always the priority.

HAIR ESSENCE hair saloon will actively combine the sale of hair care products to their services and this is projected to account for 25% of sales. These safe and quality supplies will include shampoos, conditioners, brushes, combs, and other styling aids.

The benefits of our products and services are;

• Delivering high-quality services
• Impeccable customer service and flexibility in delivering customer service
• Provision of trademark quality supplies of hair care products
• Wide and amazing variety and top-notch quality of hairstyling including haircut, braiding, hair coloring, etc.
• Sales of hair care products such as shampoos, conditioners, brushes, combs, and other styling aids

2.0. The objective for Hair Saloon Business Plan in Nigeria

The objectives for the first two years of operation include:

• To build a service-based company whose primary aim is to leave the customers wowed by exceeding their perceived expectations
• To keep the number of clients served rising by at least 15% per year through superior performance which will, in turn, earn us referrals as people will tell people of our quality service
• To develop a business that will contribute to increased employment of community residents tackling a major problem of the community

3.0. Our Goal for the Hair Salon Business Plan in Nigeria

To be the leading hair salon in the area, it decisive location (based on the border of two states) makes its aim to be the go-to salon and most talked about salon in both states through the provision of excellent sales services and products.

4.0. Vision for the Hair Salon Business Plan in Nigeria

To become a go-to option for delivering quality, affordable and convenient hairstyling in a nice environment.

5.0. The mission for the Hair Salon Business Plan in Nigeria

HAIR ESSENCE hair saloon mission is to provide reasonably priced, convenient hair styling. We exist to attract and maintain customers. When we adhere to this maxim, everything else will fall into place. Our services will exceed the expectations of our customers.

6.0. Management Team of the Hair Salon Business Plan in Nigeria

Florence Adedokun – She has over 4 years’ experience in the hair salon business. She has also been involved in working for a big saloon in Lagos State for the four years. The experience gathered there will prove of substantial value to her in the course of her running the business. She is a graduate of Accounting from the Lagos State University, Ojo, Lagos state. She will be in-charge of day to day activities of the business.

7.0. Materials and Machine for Hair Salon Business Plan in Nigeria

The materials and machines required, among others are;

• Computer with Point of Sale (POS) terminal
• Computer with the printer for back office
• Five cutting stations with a barber chair, cabinet, large mirror, blow dryer, curling iron, electric razor, several pairs of scissors, spray bottle, two-sided mirror, and assorted combs and brushes,
• Desk for the reception area
• Couches for the reception area
• Display shelf for sale of retail products

8.0. Competitor Analysis Hair Salon Business Plan in Nigeria

People buy from us because of the following reasons:

• Delivering quality services and maximum flexibility in delivering customer
• Undiluted attention to the customer
• Adept, courteous and professional stylists.
• Provision of trademark supplies of hair care products
• Affordable prices and discount offers

Download this business plan for logistics, transportation, and supply chain companies.

How To Download The Hair Styling Business Plan Template PDF (with financial analysis)

Above is a part of the hairstyling business plan template in Nigerian. IF you need the complete business plan, follow the procedures to download it.

Pay the sum of   N8000  ( eight thousand naira only)  to the account detail below: Bank: GTBank Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us) Ac/No: 0238933625 Type: Saving

Thereafter, send us your email address through text message to  +234 701 754 2853 .  The text must contain the title of the hairstyling business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the business plan in Nigeria to your email address where you can easily download it.

Dr. Abi Demi is a skilled technical writer and author with specialties in the martech and fintech space. Featured on Tekedia, Coin Review, Business Insider, Fintechna, Cryptocoin.news, Date 360 and several other sterling online publications, Demi is an astute technical writer that specializes in finance, marketing and technology - with over 500 published pieces across the internet ecosystem. Contact Abi Demi - [email protected]

Copywriter for Logistics, Transportation and Car Shipping Companies

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Free Hair and Beauty Salon Sample Business Plan PDF

Elon Glucklich

6 min. read

Updated February 7, 2024

Looking for a free,  downloadable hair and beauty salon sample business plan Word doc  or  PDF  to help you create a business plan of your own? Bplans has you covered.

Keep in mind that you don’t need to find a sample business plan that exactly matches your business. Whether you’re launching an upscale, full-service salon in a bustling city or a neighborhood barbershop, the details will be different, but the bones of the plan will be the same.

Are you writing a business plan for your salon because you’re seeking a loan? Is your primary concern building a clear roadmap for growth? Either way, you’re going to want to edit and customize it so it fits your particular company.

No two salons are alike. Your business model will be different if you’re renting space to independent hairstylists, rather than taking on employees, for example. So take the time to create your own financial forecasts and do enough market research so you have a solid plan for success.

• What should you include in a hair and beauty salon business plan?

Your hair and beauty salon business plan doesn’t need to be hundreds of pages—keep it as short and concise as you can. You’ll probably want to include each of these sections:

• Executive summary
• Company summary and funding needs
• Products and services
• Marketing plan
• Management team
• Financial plan

One of the things that makes a salon business plan different from some service-based business plans is that you might decide to offer a combination of products and services.

Maybe you’ll sell shampoo, beard oil, or other cosmetics and beauty products, in addition to offering services like haircuts, manicures, or massages. If that’s the case, make sure you include your ideas for upselling products to customers to increase the value of every appointment you book.

Here’s an example of a salon business plan outline.

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• The 7 elements of an effective hair and beauty salon business plan

1. Executive Summary

The  executive summary  provides a high-level overview of your business plan. It should outline the objectives of your hair and beauty salon, such as to offer high-quality services, to expand the client base, or to break into a new market.

Your salon’s mission statement should describe its purpose and what sets it apart from competitors. For example, you may aim to offer a personalized experience for each customer or provide eco-friendly hair and beauty services.

The keys to success are the factors that will help your salon thrive. These may include a prime location, hiring experienced staff, excellent customer service, or a unique product and service range.

2. Company Summary and Funding Needs

The company summary offers a detailed overview of your salon, including its legal structure , location, and history. Also, it highlights your salon’s funding needs if you are seeking financial support.

Clearly state how much funding you need, what you will use it for, and how it will benefit the salon. For instance, you may need funds to renovate the premises, purchase equipment, or boost marketing efforts.

3. Salon Products and Services

This section should detail the products and services your hair or beauty salon will offer. These may include haircuts, hair treatments, manicures, pedicures, massages, and beauty treatments.

If you plan to retail beauty products such as shampoos, conditioners, or skin care items, include this information too. Highlight any unique services or products that differentiate your salon from competitors.

4. Salon Marketing Plan and Analysis

Your marketing plan should outline the strategies you will use to attract and retain customers. These strategies might include social media advertising, loyalty programs, partnerships with local businesses, and special promotions.

Additionally, you should conduct a thorough market analysis. Understand your target customers, their preferences, and their spending habits. Identify your competitors, their strengths and weaknesses, and how you can differentiate your salon.

5. Salon Management Team

The management team section provides information about the salon’s key personnel. This could include the salon owner, managers, stylists, beauticians, and other staff members. Highlight their roles, responsibilities, qualifications, and experience.

If you plan to rent chairs to independent stylists rather than hiring employees, describe how this arrangement will work and the advantages it offers for your business.

6. Financial Plan and Forecasts

Your financial plan should present detailed financial projections, including revenue, costs, and profitability. Include a cash flow statement, income statement, and balance sheet. This section should clearly demonstrate the salon’s potential profitability and financial viability.

Also, outline your pricing strategy. How have you priced your services and products, and how do these prices compare with competitors? What are your wage costs, and how will they affect your profitability?

7. Appendix

The appendix includes any additional supporting documents that complement your business plan. This might be market research data, lease agreements, employee contracts, or licensing and permit documents.

While not always necessary, the appendix can provide valuable context and proof to support your business plan’s content.

• Crafting a Successful Salon Business Plan: Key Considerations

Understanding your target clientele’s needs is crucial to writing a hair or beauty salon business plan that you can put into action. To ensure your business plan is the foundation of a growing operation rather than just checking boxes, ask yourself whether you’re taking these considerations into account.

1. Comprehensive Services Offering

In the beauty industry, customer preferences vary significantly, and staying versatile in your offerings can help cater to a broader clientele. Include a wide range of services that cater to different demographics. You may also consider offering unique or specialized services that distinguish your salon from others.

2. Pricing Strategy

Pricing can make or break your salon. Competitive pricing attracts customers, but your pricing should also cover your costs and ensure profitability. Effective market research can help you understand the average cost of services in your area, which you can use to set your prices competitively.

3. Salon Atmosphere

The ambiance of a salon plays a significant role in attracting and retaining customers. Consider factors like décor, cleanliness, and customer service when planning your salon.

4. Staff Training and Expertise

Quality service is crucial in the hair and beauty industry since word-of-mouth exposure from existing clients is a major driver of new business. Investing in ongoing staff training ensures that your team stays updated with the latest trends, techniques, and customer service skills.

5. Digital Presence

Although word of mouth is one business driver, many of today’s customers research online before visiting a salon. Having a strong online presence, including a well-designed website, effective search engine optimization and active social media accounts, can significantly boost your business.

• Download your free hair and beauty salon sample business plan PDF

Download this  hair and beauty salon sample business plan PDF  for free right now, or visit Bplans’ gallery of more than  550 sample business plans  if you’re looking for more options.

There are  plenty of reasons  salon business owners can benefit from  writing a business plan —you’ll need one if you’re seeking a loan or investment.

Even if you’re not seeking funding, the process of thinking through every aspect of your business will help you make sure you’re not overlooking anything critical as you grow.

Elon is a marketing specialist at Palo Alto Software, working with consultants, accountants, business instructors and others who use LivePlan at scale. He has a bachelor's degree in journalism and an MBA from the University of Oregon.

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How To Write A Business Plan In Nigeria (Free Samples And Templates)

This post concludes is the last of the series on “How to write a business plan” . The major challenge when it comes to writing a business plan is knowing where to start from. This most business owners and entrepreneurs don’t always get right. Looking through existing business plan templates gives a clear picture of what your business plan should look like.

This post contains a long list of free sample business plan templates that will give you the easy start you really need to write your own business plan.

1. Catering Business Plan

If you love to cook and are thinking about starting a business, combine the two and start a small catering business. But how do you start a small catering business? It’s by having a great business plan detailing every aspect of the business before you get started.

2. Event Planning Business Plan

Starting a catering business in Nigeria is a lucrative business with very good returns, with thousands of events and parties happening every weekend across the country. Event planning business requires a combination of education if necessary, an experience and excellent networking.

Also Read: How to Write a Business Proposal for Clients in Nigeria.

3. Hair & Beauty Salon Business Plan

Salon Business is one of the best and lucrative business in Nigeria right now because it does not cost much and requires little capital to start. Either a barbing salon or beauty salon for women pay a lot because it requires no college degree to start one but skill.

4. Day Care & Child Care Business Plan

Many Nigerian mothers are working at paid jobs or running their own small businesses which consume most of their time. As a result of this trend, there is a growing opportunity for convenience services like child and day care center businesses.

5. Driving School Business Plan

Are you an expert driver? Can you successfully teach others how to drive? If yes, you may be qualified to start a car driving school. There is a great opportunity in this business because most Nigerian are looking forward to owning their own cars. School leavers are also eager to learn how to drive.

6. Agriculture Farm Business Plan

Nigeria is blessed with a favorable soil and climatic condition that can accommodate crops such as onion, carrot, cocoa yam, pear, potatoes, okra, vegetables, beans and so much more. Starting an agriculture farm business is a profitable business opportunity with so much market to serve.

7. Feed and Farm Supply Business Plan

The feed farm production industry has been largely promoted as one of the most profitable agribusinesses to venture into. Africa, especially Nigeria, has a major impact on the worldwide production and distribution of livestock feed.

Also Read:  [PART 1] How to write a business plan – Tips when writing your business plan.

8. Fitness Gym Business Plan

Health they say is wealth; the need for health is the need of all both young and old, both for the rich and the poor alike. Would you like to invest in the fitness business, or are you thinking of a business to invest in? You should consider this business option.

9.Pharmacy Business Plan

Pharmacy or drug store business, whether we like or not, has become an integral part of the Nigerian economy today. In a nutshell, drugstores are described as retail establishments that market drugs, be it prescription-based, proprietary, or nonprescription medicine.

10. Fast Food Restaurant Business Plan

The fast-food business in Nigeria is a very profitable business. Food is something we cannot do without even if it’s once a day. The growing population of Nigeria with over 180 million people is also a high contributing factor to the profitability of fast food business in Nigeria. Amidst the current global crisis, one line of business in Nigeria that continues to promise greater returns on investment is the fast food business.

11. Bakery Business Plan

The consumption of bread and other bakery products such as biscuits, chin-chin, gala and meat pie among others, has created a huge market for the wheat flour industry. This sector has provided a lot of opportunities while more opportunities are still open for interested investors that are willing to invest some cash.

12. Internet Cafe Business Plan

The demand for internet cafe services in Nigeria is high especially in business enabled environments like tertiary institutions, offices and in different work areas. This business is one of the profitable medium scale businesses in Nigeria; the business can give a high-profit margin when managed properly.

13. Clothing Boutique Retail Business Plan

Starting your own clothing shop boutique is a good business idea in Nigeria because the fashion industry is one powerful sector that will always be vibrant in any economy because all over the world, people have a basic need for clothing. Beyond this need, fashion is also evolving on daily basis due to the huge and diverse interest in styles.

Also Read: [PART 2] How to write a business plan – Basic template contents & structure.

14. Automotive Car Repair Business Plan

Nigeria is and will always be a big market for cars, both used and new ones. Compared to other African countries, Nigeria alone spends up to $5 billion dollars every year importing vehicles (especially second-hand) from the USA, Canada, Europe, and Asia. Which makes the industry an area worthy of investing.

15. Car Wash Business Plan

The good aspect of this business is that it does not necessarily require a large amount of capital or funding especially when you intend to start. For those who have enough money to invest, this will be a good decision as with more money invested, the business can grow much better and faster leading to better and profitable returns.

Other business plan samples and templates include;

16. Used Cars Sales Business Plan.

17. Online Print Shop Business Plan .

18. E-commerce Retailer Business Plan .

19. Coffeehouse Business Plan.

20. Night Club Business Plan.

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The Ultimate Guide On How To Start A Hair Business In Nigeria

If you are looking for how to start a hair business in Nigeria, you are in the right place. This article will provide all the useful information you need.

Consider starting a hair business if you have a fascination with fashion and beauty. This industry is very lucrative because the demand for hair extensions in Nigeria today is getting higher. Let’s find out how to start a hair business in Nigeria in this blog.

1. A look at Nigeria’s hair extension market

2.1. understand customers, 2.2. building a background of knowledge, 2.3. determine the type of business, 2.4. making a budget, 2.5. choose reliable suppliers, 2.6. how to start a hair business in nigeria – attract your customers, 3.1. vin hair vendor, 3.2. unice hair, 3.3. sgi indian human hair.

Why are so many people interested in learning how to start a hair business in Nigeria ? According to the most recent data, the buying power of Nigerians and Africans on hair extensions is very high. Because of this, many suppliers have decided to learn how to start a hair business in Nigeria in order to become wealthy.

• Nigerians’ natural hair is coarse and curly. As a result, dyeing or straightening their hair will take a long time when they want a new look. Therefore, hair extensions were chosen. Many people who live in Nigeria desire to learn how to start a hair business in Nigeria because of their great purchasing power.
• Hair extensions are popular among Nigerian women as well as men. Hair loss and baldness are likely to occur in businessmen over 50. As a result, when they meet with clients, they wear hair extensions to present themselves in a professional way. A lot of individuals are looking into how to start a hair business in Nigeria because of the strong demand from Nigerians.
• Hair is needed in Nigeria not only for domestic consumption but also for export to other African nations. Often, the hair extension industry in Nigeria imports hair from Asian countries and then distributes it to other countries in the region. In Nigeria, the need for hair extensions is going to rise in the future. Having this much potential, making a sizable profit is not out of the question. What’s most crucial is how well you can run a hair extension business in Nigeria.

2. Steps on how to start a hair business in Nigeria

Let’s go to the main part of this post: how to start hair business in Nigeria in detail.

To begin a hair extension business, you must first gain a thorough understanding of your target market. Understanding your customers is an important step in how to start a hair business in Nigeria .

• You need to know what customers in a hair salon want and devise a strategy for delivering it. They want sew-ins or wig extensions, as well as the condition of their natural hair and any other factors that might influence their decision.
• Your customers’ niche is also vital because you must choose your products to meet their specific needs rather than focus on a wide range of things. Don’t be hesitant to learn about people’s hair needs.

If you are interested in learning how to start a hair business in Nigeria and are now on the search for hair extensions to purchase, it is essential that you have an in-depth understanding of the products that you intend to sell.

• When learning how to start hair business in Nigeria, you should learn about all the different hair products. As soon as you have strong knowledge about hair, you will be able to provide your customers with a better solution for their hair, such as which kind of hair extensions would best work for their scalp problem, which type of hair is suitable for creating a specific kind of wigs…
• Carry out some research on some hair salons and hair stores that are now operating in Nigeria and in the places where you live. Find out what your competitors are selling and marketing, what you can learn how to start a hair business in Nigeria from them, and what they are not providing for consumers that you can offer.
• This is also advice on how to start hair business in Nigeria: in the beginning, don’t focus too much on making profits. It will destroy all your efforts. In Nigeria, the hair extensions business is a lucrative enterprise, but you’ll have to wait a while until your customers get to know your company’s reputation, and then gradually raise the price.

You need to decide what kind of business you want to run when learning how to start a hair business in Nigeria : online or offline (on stock or pre order). Each type of business has its own advantages and disadvantages. You first need to learn about the pros and cons of each business type so that you can be prepared for any eventuality when starting a hair business in Nigeria.

In conclusion, most beginner and small-scale sellers start with pre-orders. When you have an order, you just go to find a factory to buy it from. Those with substantial capital who want to build a brand faster can start with on-stock.

Capital is a must for starting a hair business . Without money, we can’t do business.

• Preparation capital for imported products is a prerequisite to learning how to start a hair business in Nigeria. Hair of higher quality will cost more than the hair of lower grade. As you are a newbie, we recommend importing the hair in two parts: one-half of good grade and one-half of medium quality.
• In addition to the cost of paying for hair products, you also need to factor in the cost of space if you need to open a salon, or the cost of running ads on social networks when starting a hair business in Nigeria.

With pre-order, there is no need for too much capital because most people who order will pay in advance.

A good hair supply is necessary when starting a hair business in Nigeria. To ensure that your first purchases from consumers run as smoothly as possible, you should choose a reputable hair seller. It is necessary for planning and research to find reliable suppliers when learning how to start a hair business in Nigeria .

Here are a few tips and ideas for finding the best hair vendors:

• Look up hair vendors on search engines like Google, Facebook, and their own websites. Take a look at social media for feedback from customers on the quality of their products and services.
• When learning how to start a hair business in Nigeria, make a list of questions you want to ask the salesman of the hair manufacturer. If they are trustworthy, they will understand the product well and don’t shy away from tough questions.
• Generally, reputable hair vendors will not offer you a discount that is very substantial. This is because the quality of the hair will be worse the cheaper it is. So be cautious!
• Don’t forget to thoroughly read and comprehend the terms of the payment, refund, and warranty policies before making a purchase when starting a hair business in Nigeria. It’s better to buy from a company that accepts exchanges or refunds rather than one that does not.

Some interesting topics you should read:

• How To Import Hair From Vietnam To Nigeria Direction In Details
• How To Import Human Hair From China To Nigeria: Some Tips To Follow

When starting a hair business in Nigeria, having a reasonable price can attract new customers, but rewarding customers for their purchases will keep them coming back. This can be given as a gift depending on the number of items purchased. It’s important to show your customers that you’re different from other suppliers. Try to distinguish yourself from others by treating them like royalty, and they’ll be loyal to you in the future.

3. Some recommendations of hair vendors to start a hair business in Nigeria

When looking for a hair vendor and learning how to start a hair business in Nigeria , you need to consider many factors. Quality should come first, followed by price, in order to achieve revenue and profit. So where do Nigerian hair sellers buy from ? In this list, you’ll find the best wholesale hair factory which is known by customers for providing high-quality hair extensions at reasonable prices.

Vin Hair has been one of the pioneering Vietnamese hair factory in Nigeria since 2010. During its business, Vin Hair Vendor has grown from a small hair-buying store to the best wholesale hair factory . They are famous for high-quality hair at reasonable prices.

• Main products: bulk hair, weft hair, hair extensions, closures, and frontal wigs come in a wide range of colors, lengths, textures and styles. This supplier also has a service to customize products according to customer requirements.
• Price: With high-quality products, this price is very reasonable. From $8.8 for a bundle of natural color raw hair 8-inch 100g.
• Policy: Return and exchange within 7 days after receipt of shipment.
• Delivery time: 3-10 days

If you’re looking for a reputable source with high quality and want to know more about how to start a hair business in Nigeria, Jen Hair is the place to go.

Chinese hair provider Unice provides a wide range of consumers and has warehouses all over the world.

• Products: As one of China’s leading suppliers of human hair extensions, Unice is well-known for its high-quality products. In order to meet the needs of many customers, they offer an extensive range of lace and hair lengths, colors, and textures.
• Price: The price of this Chinese hair vendor is quite high, but the quality is excellent. 94$ for 1kg 10-inch Bundles Human Weaves Virgin Straight Brazilian Hair 3 Bundles
• Service: All in-store purchases come with free shipping (in all countries). Return within 30 days (only for the US)

Unice is one of the top hair sellers in China, and they will help you learn how to start a hair business in Nigeria. You should not miss out on it.

Known for its high-quality hair, SGI Hair, one of India’s most renowned and well-known wholesale hair producers, initially entered the marketplace in 2008.

• Hair origin: Indian temple hair
• Main wholesale hair: Raw virgin human hair.
• Quality: The quality of Indian hair is not as good as Vietnamese and Chinese hair manufacturers because of the characteristics of natural Indian hair and the technology used to produce it is low.
• Price: Although it isn’t as cheap as other Indian wholesale hair factories, the pricing is still among the lowest in the world. There are many monthly, weekly, and yearly discounts available as well.

If you’re looking for a hair vendor at an affordable price and aren’t too picky about the quality, SGI Hair is a good option.

When starting a hair business in Nigeria, careful research is important. You need to carefully research knowledge about hair and hair business and choose reliable hair vendors to stock hair. With the detailed instruction above, hope you will success in your hair business!

Source: V Hair Vendor – The Best Hair Vendor

Mrs. Ella (Hair Expert)

Ella is a passionate hair expert with a wealth of knowledge and experience in the hair industry. With a keen eye for detail and a dedication to quality, Ella is committed to providing Vin Hair Vendor's business partners with the most valuable knowledge to help them succeed in the hair business.

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Rfp-tor for consultancy for business advisory service investing in women in nigeria programme implementation -may 2024.

• Africa Enterprise Challenge Fund
• About the African Enterprise Challenge Fund (AECF)

The Africa Enterprise Challenge Fund (AECF) transforms lives by providing investment funding and technical assistance to commercially viable businesses that improve the lives of rural communities. AECF mobilizes donor funding to support early and growth-stage businesses in agriculture and renewable and clean energy sectors, with a focus on improving incomes and employment for rural and marginalized groups. AECF is a non-profit organization, with headquarters in Nairobi and operational centers in Nigeria, Somalia, Tanzania, Mozambique, South Sudan, and Côte d’Ivoire.

Launched in 2008, AECF has contributed to the livelihood resilience of rural and marginalized communities by catalyzing innovative private sector business models with patient capital and growth support services across Sub-Saharan Africa. AECF has raised and deployed US$ 392 million to date, providing catalytic funding to enterprises in 26 countries in sub-Saharan Africa by investing in businesses that struggle to meet traditional risk-return standards for commercial investors.

• About the Investing in Women in Nigeria (IIW-Nigeria) Programme

The IIW-Nigeria Programme seeks to transform the roles of women operating in various agricultural value chains in Kano State, Nigeria, to increase incomes, improve climate resilience and transform livelihoods. The target will be businesses and cooperatives operating in the agricultural value chains that demonstrate high impact for women.

The programme seeks to:

• Improved business performance of climate smart, women owned/led SMEs and Cooperatives and sustainability of investees initiatives.
• Increased access to economic opportunities for women in climate-smart agriculture value chains in Kano state.
• Improved enabling environment and reduced systemic gender inequalities that women entrepreneurs and farmers face.

The IIW-Nigeria programme consists of the following main elements:

• Matching Grant Competition - Funding will be in the form of non-repayable grants. Funding is subject to meeting the matching fund criteria and will be milestone based, where disbursements will be made on the achievement of mutually agreed milestones provided in the contract which must be achieved/delivered before proceeding to the next milestone payment stage.
• Launch of the competition
• Concept note submission.
• Concept note shortlisting.
• Business Plan Development
• Screening and Due Diligence
• Business Plan Shortlisting
• Preparation of Investment Memoranda
• Internal and External Investment Committee Reviews
• Grant Awarding
• Contracting
• Window 2: Women groups/Cooperatives,
• Minimum fund award CAN $ 10,000
• Maximum fund award CAN $ 50,000
• At least 10% matching contribution in cash or kind
• Duration of agreement: 2 years
• Technical Assistance – IIW-Nigeria will deliver technical assistance on gender equality, human rights advocacy, business and management, climate-smart agriculture, and GAP. The programme will foster partnerships and close coordination with multiple stakeholders. These include Business Membership Organisations (BMOs), Community-Based Organisations (CBOs), Women’s Rights Organisations (WROs), Financial Institutions (FIs) and Government Ministries and Agencies including Ministries of Agriculture, Women Affairs, Commerce, Industry and Cooperative Development, amongst others.
• Background and purpose

The African Enterprise Challenge Fund (AECF) is managing the Global Affairs Canada (GAC) funded – Investing in Women in Nigeria (IIW-N) Programme. IIW-Nigeria aims to improve the economic opportunities of women in agricultural value chains in Kano, Nigeria. Over a five-year period, IIW-Nigeria will use a blended approach to invest in women-owned/led SMEs and Cooperatives as well as provide technical assistance and advocacy support to women operating within agricultural value chains.

This Terms of Reference (ToR) is developed to set out the scope of work and services for the selection of a Business Advisory firm that will work with potential Investees (women cooperatives) to guide them towards shaping their business ideas into a well-articulated concepts and business plans.

• Main Challenge of Women Cooperatives
• Most cooperatives are not cohesive units. Cooperatives are usually made up of a group of women, each doing her own thing.
• Most cooperatives do not have governance structures or frameworks and there is hardly any re-election of leadership. This often leads to elite capture at leadership level.
• Most Women Cooperatives in the agricultural sector are involved in primary production or early-stage processing (e.g., cleaning and drying of produce)
• Most cooperatives in Northern Nigeria lack administrative and financial skills.
• It would be challenging for cooperatives, as they are currently structured, to write concept papers and undertake strategic planning without technical support.
• Undertake an initial eligibility screening of women cooperatives interested in joining the competition based on the eligibility criteria set by AECF and create a shortlist of a maximum of 150 cooperatives

Under the overall supervision of the Programme Manager and in close consultation with the Programme Officers, the Advisory Firm will undertake the following activities:

• Provide technical support to the women cooperatives (endorsed by AECF to proceed to the concept stage) to conceptualize their ideas and develop concept notes for their ventures and upload on to the AECF online competition portal.
• Provide technical support to shortlisted cooperatives to prepare their detailed business plans and upload the plans on to the online competition portal.
• Assist in educating the women cooperative groups on how to institute governance structures and frameworks to make the cooperatives viable and attractive for future grants and funding.
• Deliverables

The Advisory Firm will be required to deliver the following:

• Provide a list of a maximum of 150 cooperatives shortlisted after the initial screening process together with a report outlining the basis for the selection of each of the cooperatives.
• Provide the list of cooperatives that indicated interest to participate in the competition but did not meet the selection criteria requirements
• Provide technical business advisory to 150 cooperatives to develop their concept notes and support them to upload the concept notes on the online platform
• Delivering business plans for 50 cooperatives selected by AECF to proceed to the business plan stage and uploading the business plans on the online platform
• Submission of a final report outlining the activities undertaken and the lessons learnt
• Duration of Assignment

The Assignment will be conducted in Kano, over a period of four (4) months from the pre-screening to the business plan stage.

Pre-Screening

Concept Note

Business Plan

Number of Cooperatives

Working Days

A total of 60 working days is required from May 2024 to August 2024.

• Qualifications Required

The firm should have the following experience, skills, and competencies:

• Firm must have at least 5 years’ experience providing business development support services to MSMEs in Nigeria (Profile to be provided).
• Firm must have at least 5 years’ experience conducting trainings or workshops for MSMEs, providing business advisory services including the preparation of Concept notes and business plans (Profile to be provided)
• Firm must have a lead consultant that has a minimum of 10 years' experience working with MSMEs in Northern Nigeria in various capacities, especially in Kano (CV to be provided)
• Firm must have the required number of business advisors to support the assignment with a minimum experience of 3 years working with MSMEs, especially in Kano (CV’s to be provided)
• Experience in delivering qualitative activity/project reports
• Ability of staff to communicate in local language
• Experience working on micro-enterprise initiatives within the Agricultural Sector is required.
• Firm or relevant staff of firm have experience working on Climate Smart innovations within the Agricultural Sector (Profile or CV of staff to be provided)
• Knowledge of market systems interventions and linkages is a plus.
• Experience working with NGOs and international development agencies would be an added advantage.
• BDSP Certification / Practicing Licence for firm or associates will be an added advantage (Certificate(s) to be provided).
• Evaluation Criteria

An evaluation committee will be formed by the AECF. All members will be bound by the same standards of confidentiality. The consultant should ensure that they fully respond to all criteria to be comprehensively evaluated.

The AECF may request and receive clarification from any consultant when evaluating a proposal. The evaluation committee may invite some or all the consultants to appear before the committee to clarify their proposals. In such an event, the evaluation committee may consider such clarifications in evaluating the proposals.

In deciding the final selection of a qualified bidder, the technical proposal will be given a weighting of 70% based on the evaluation criteria. Only the financial proposal of those bidders who qualify technically will be opened. The financial proposal will be allocated a weighting of 30% and the proposals will be ranked according to the total points scored.

The mandatory and desirable criteria against which proposals will be evaluated are identified in the table below.

CRITERIA FOR ASSESSMENT

Weighted Award

• TECHNICAL PROPOSAL

An understanding of the terms of reference

Demonstrate understanding of the assignment and expected outcomes.

Methodology and work plan that will deliver the best value on the assignment

Soundness and feasibility of the proposed technical approach and methodology that provide comprehensive assessments, reviews, recommendations and implementation findings and analysis to the investee needs in line with each item in the Scope of Work.

Realistic and well-structured timeline, clear identification of deliverables and milestones, and coherence with the intended Scope of Work.

Qualification and Experience

Qualification and experience of the consultant/team and evidence of relevant certification

Demonstrated experience and relevant services are undertaken by the applicant in past engagements with evidence links to previous work done / completion certificate. The experience should be linked to the Scope of Work and Target Regions. Provide skill sets and experience in aligning specifically to the Scope of Work. Please provide details of at least three (3) similar projects completed in the last(5) years

All the required registration and certification document and at least 3 detailed signed reference letters of similar work done.

• FINANCIAL PROPOSAL: Detailed showing level of effort of the team, Clarity, relevance, and reality to market value/ value for money of cost for the assignment (inclusive of any applicable tax, reimbursable, and travel where applicable).

Total Score

How to apply

• Proposal Submission

Qualified business advisory firms are invited to submit the following:

• Up to date profile of firm outlining areas of expertise/experience as outlined in the qualifications section above.
• Up-to-date CVs of staff /associates dedicated to the project.
• List of similar assignments undertaken in the past, including assignments in Kano, Nigeria where applicable
• Maximum of 2 pages outlining the proposed methodology to deliver the assignment.
• Copies of professional certificates for the firm or associates if applicable
• References from two clients served related to the outlined areas of experience.
• As per the Evaluation criteria
• Financial and Technical proposal MUST be submitted as separate documents.
• Financial proposal to be submitted in USD.

AECF is obliged by the Kenyan tax authorities to withhold taxes on service contract fees as well as ensure VAT, at 16%, is charged where applicable. Applicants are advised to ensure that they have a clear understanding of their tax position with regards to provisions of Kenya tax legislation when developing their proposals.

• APPLICATION

The AECF is an Equal Opportunity Employer. The AECF considers all interested candidates based on merit without regard to race, gender, color, national origin, religion, sexual orientation, age, marital status, veteran status, disability, or any other characteristic protected by applicable law.

Interested consultants are requested to submit their technical and financial proposal to [email protected] by 26th May,2024, 5pm (EAT).

All questions should be directed to the procurement email by 21st May 2024

The subject of the email should be CONSULTANCY FOR BUSINESS ADVISORY SERVICE INVESTING IN WOMEN IN NIGERIA PROGRAMME IMPLEMENTATION . The AECF shall not be liable for not opening proposals that are submitted with a different subject or responding to questions that did not meet the deadline as indicated.

AECF reserves the right to determine the structure of the process, number of short-listed participants, the right to withdraw from the proposal process, the right to change this timetable at any time without notice and reserves the right to withdraw this tender at any time, without prior notice and without liability to compensate and/or reimburse any party.

NB: The AECF does not charge an application fee for participation in the tender process and has not appointed any agents or intermediaries to facilitate applications. Applicants are advised to reach out directly to the AECF PROCUREMENT DEPARTMENT .

For more information, please visit our website as per the link below.

https://www.aecfafrica.org/careers/request-for-proposal-terms-of-reference-for-consultancy-for-business-advisory-service-investing-in-women-in-nigeria-programme-implementation-may-2024/

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