Abstract
A beauty spa called Paradise Spa opened its doors in early November 2022 with the purpose to provide self-formulated lotions made with the highest quality ingredients and to give skin care for all age groups in order to promote healthy skin. The paradise spa offers 2 packages of massage treatments and sells lotions produced from our own formulation with good ingredients such as milk, mint and oat. Since our business is a new one on the market, there are several factors that we must take into account in order to ensure that we can compete with other skin treatment facilities and meet client demand in an industry where many individuals, including those in the health services are engaged. In this paper we will explain about the market potential, the overall project cost and the important part which is the net profit. Nowadays, there are many people who have skin problems such as allergies, irritants, genetic makeup, certain diseases, and immune system problems. We see this as an opportunity to seize opportunities in order to increase customers and improve the quality of life for others. In addition to helping those in need, particularly those with severe skin conditions. This partnership business is managed by four partners which are general manager, marketing manager, operations manager and financial manager. Each duty has a significant obligation to guarantee that this business completed may have the finest influence on the client and the company. The overall project implementation cost for this spa business is RM 149,757.00 which consists of fixed assets, working capital, pre-operations and other expenditure. Our spa building is located at Jalan Dato Tan Seng Leong, Kluang Town Area (First Floor Shop Lot), 86000, Johor. So, we believe that because of the location of our building in a metropolis, we are able to reach a wide range of potential clients and entice them to use our spa's services. Furthermore, our clinic's location is quite important because it's close to shopping centers and residential regions. Moving to the important part of this business plan which is the net profit. Our overall net profit in the first year was RM 236,508.00 while it improved by 10% to RM 605,958.00 in the second year. Consequently, there was an 8% rise in net profit, or RM 1,092,446.00, in the third year. Last but not least, we think that our corporate financial status statement will help us attain our objective. with the high-quality treatments and solid educational foundation of skin therapy
Metadata
Item Type: | Entrepreneurship Project |
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Creators: | Creators Email / ID Num. Adly, Aufa 2020873802 Zuhaimi, Athirah Khairina 2020827126 Ahmad Zamberi, Azwina 2020882966 Mohd Rodzi, Aisyah Rodhiah 2020454916 |
Contributors: | Contribution Name Email / ID Num. Advisor Ismail, Muhammad Imran 317162 |
Subjects: | H Social Sciences > HD Industries. Land use. Labor > Management. Industrial Management > Planning. Business planning. Strategic planning H Social Sciences > HD Industries. Land use. Labor > Management. Industrial Management > New business enterprises |
Divisions: | Universiti Teknologi MARA, Johor > Pasir Gudang Campus > Faculty of Chemical Engineering |
Keywords: | Business plan, Entrepreneurship, Beauty spa, Lotions |
Date: | 2023 |
URI: | https://ir.uitm.edu.my/id/eprint/76075 |
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