Business Plan Analyzer

Welcome!

Thank you for taking the time to analyze your business plan. You will get an immediate score upon completing the test. You can also receive a detailed analysis and action plan based on your results upon request.

Your detailed analysis will contain actionable steps based off of your answers. You will be able to take immediate actions to get to the next level of business success!

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* 1. Please enter the name of your Salon

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* 2. Do you have a Mission Statement?

Yes

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* 3. How many Core Values do you have written out?

1-2

3-4

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* 4. Do you have a team created Code of Honor?

Yes

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* 5. What best describes your meeting rhythms ?

Only when we feel they are needed

Salon meetings once a quarter, one on ones are sporadic

Salon meetings and one on one meetings monthly

Salon meetings and one on one meetings monthly, weekly management meetings

Salon meetings and one on one meetings monthly, weekly management meetings and daily huddles

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* 6. What best describes your Marketing Plan?

Not Good

Some social media not clear on results

Good Marketing but not sure of the results

Marketing that produces measurable revenue

Planned out with a clear budget and is measured for financial results monthly and quarterly

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* 7. What best describes your hiring plan?

Hire whoever shows up

Strategic hiring process but no clear recruitment plan

A recruitment plan we sometimes follow but a good hiring process

Detailed recruitment plan we follow and hiring process

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* 8. What best describes your training process?

Start them and let them learn on the job

Associate program for stylist but no real training for other positions

Associate program for stylist and basic training for other positions

Robust training for all positions

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* 9. What best describes your service pricing?

We made our best guess

We looked at competitors prices to set our prices

We based it off our expected profit margin

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* 10. What best describes your retail sales?

We sell very little

Some staff’s retail sales are good some aren’t

We do ok with retail but could be better

We have a clear retail sales process that produces good sales

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* 11. What best describes your compensation plan?

We pay what we think we need to in order to keep staff

We base it off of what others are doing in the market

We looked at our pricing and profit margin to find competitive compensation

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* 12. Do you know your monthly Breakeven number?

Yes

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* 13. What best describes your inventory process?

We order what we need when we need it

Someone goes and physically counts what we need and we order from there

We pull a purchase order from POS but inventory is not regularly physically counted

Inventory is regularly counted and compared to POS and a purchase orders are made on a scheduled basis

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* 14. What best describes your Salon Management process?

We are keeping plates spinning daily

We have some processes but spend most of the time putting out fires

We have several systems that keep most things running when the staff follows them.

We have systems in place and weekly scorecards that keep things running smoothly with predictable profits

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* 15. What best describes your Owner compensation?

I only get what I make behind the chair and I don’t take any owner pay or profit

I get a set salary but do not get paid for what I bring in behind the chair

I pay myself a "Draw" that I think covers what I do

I get paid for what I do in the salon (management and or behind the chair) and sometimes get a profit check

I get paid for all the work I do in the salon and take a regular profit check

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* 16. Do you know the difference between Gross Profit and Net Profit?

Yes

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* 17. What is the net profit target on your business plan?

I don't have one

1-5%

6-10%

11-15%

16+%

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* 18. What is your current net profit ?

I don't know

1-3%

4-6%

7-9%

10-15%

16+%

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* 19. How many days can the salon run without you?

0-1

2-5

6-10

11-20

21-30

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* 20. Please enter your email address for analysis of results

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* 21. Please enter your name

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* 22. Please enter the best phone number to reach you for your Free Consultation Call

100% of survey complete.