Expansion of my beauty shop

Entrepreneur

About Me

having come from a business oriented family. i did get the opportunity to learn business from my parents who were running a salon/barber shop business. that is where my interest of beauty products began.i could assist them in running the business and running errands. i completed my O levels and joined university studying business administration for four years. back in college, our family business was affected by economical/political factors and my parents were not able to pay for my fees and i began selling second hand clothes to my fellow students to be able to raise my college fees.i stayed motivated by thinking about the end result, i found out that amidst challenges, i kept reminding myself of my goals which helped me take a step forward and stay positive.i was able to complete my university studies and get my degree.from the little savings i had saved from my business in campus, i continued selling second hand clothes and later started selling beauty products. my profit on average i do post a monthly profit of between 200 and 250 dollars.the cost i have is a monthly rent of 90 dollars, utility bills of 25 dollars monthly. i use my profits to cater for basic needs,business expansion ,savings and paying school fees for my daughter

My Business

i do specialize in beauty products for both men and women at affordable prices keeping in mind the need for the need of quality products and good customer care service to my customers. with the growing influence of social media in our society., i have also come up with a digital strategy on how to market my products on social media e.g. Facebook, whatsapp and twitter.Am also keen in selling products which go hand in hand with the changing weather/climate patterns like global warming.i have also identified barber shop and salons as one our of my greatest customers.i have been privileged to be able to supply my beauty products to barber shops and salons within my business location through orders and me delivery products on their doorstep.

Loan Proposal

i will buy 10 pieces of lotions at 2 dollars per piece,hair extensions at 1.2 dollars per piece and 5 bottle of hair shampoos at 1.5 dollars per piece.the benefit that it wil create to me is that i will be able to increase sales ,get profit and customer satisfaction for the quality goods and services i will offer them.i expect an increase of five percent profit margin which will boost my business.the loan will increase my customer base and i will be able to provide more quality and it will quantify the growth of the business.

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Loan Info

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