Hair Extension BUSINESS PLAN IN NIGERIA
Hair Extension Business Plan in Nigeria
Hair Extension Business Plan in Nigeria
This sample Hair Extension Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Notes, Competitions, etc. Hair Extension Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
Business Description of Hair Extension Business Plan in Nigeria
Business: HAIR EXTENSION
Industry: Beauty and wellness (Hair Extension Business plan in Nigeria)
Patilad Hair Extension is an existing hair extension company located in Abia State. We have been in existence for the past five years, and our services are well accepted in our locations and across Nigeria. We retail and sell synthetic hairs, human hairs, and all hair extension-related products. We also train young people and anyone interested in learning about the business.
Hair for women is an essential part of their total self-image. Today, many women find themselves devoting countless hours trying to hide their hair loss problem while also attempting to maintain their self-esteem. In this regard, the human hair industry is offering solutions through hair extensions and wigs.
The global hair wigs and extensions market size was valued at USD 5.8 billion and is expected to reach USD 13.3 billion by 2026, growing at a CAGR of 13% during 2021–2026. Generally, hair extensions are widely used in various cities. These hair extensions are called artificial hair, added to natural hair either as weaving or wig. The increasing consciousness about look or appearance among the consumers is increasing the demands of the global market. Hence, the global hair extensions market is bringing immense opportunities for manufacturers or producers to offer various hair extension products.
Patilad hair extension will ensure that all our customers are given first-class treatment whenever they visit our hair extension store. We have CRM software that will enable us to manage a one-on-one relationship with our customers no matter how large the numbers of our customers’ base may grow.
Our competitive edge also lies in the fact that we make available varieties of products which our customers are free to choose. Our excellent customer service, various payment options, and highly secured facility will serve as a competitive advantage. Our target audience includes wholesalers, retailers, hairstylists, women, and hair extension lovers.
The benefits of our products and services are
- 100% original and high-quality hair
- Varieties of hair extensions ranging from colors to sizes and types.
- Excellent customer service
- Affordable and discount prices
Our products and services
Patilad Hair Extension is into the sales of wigs and hair extensions. Our products are gotten from top manufacturers across the world. We carefully select our suppliers, ensuring that all hair ordered by our customers is delivered on time. We also offer training on the hair extension business to young people who want to learn. Our products and services include;
- Sales of Synthetic hair
- Sales of human hair
- Sales of hair extension-related products such as wig stands, etc.
- Home Delivery
- Training
- Consultancy service
Keys to Success
The keys to success for the Hair Extension business include:
- Quality products.
- Good customer service
- Trust and loyalty
- A large and beautiful hair shop
- Competitive pricing.
Objective for Hair Extension Business Plan in Nigeria
- To create beauty in women’s hair
- To provide quality and original hair extensions
- To be the best choice for hair extensions
- Have at least 70% of recurring customers
- To offer excellent customer service
Goal for the Hair Extension Business Plan in Nigeria
To be known as one of the top ten Hair Extensions within the next five years.
Vision for the Hair Extension Business Plan in Nigeria
Our vision is to become one of the leading brands in the hair extension retail store in our location and across Nigeria.
Mission for the Hair Extension Business Plan in Nigeria
- To build a world-class Hair Extension that will make available a wide range of quality hair extension products.
- To offer quality hair extensions to all our clients at affordable rates
- To ensure we meet our customer’s satisfaction
- To build students to become professionals in the hair extension business.
Hair Extension Business Plan in Nigeria
Management Team of the Hair Extension Business Plan in Nigeria
Folorunsho Abraham – He has over ten years of experience in the Hair Extension industry. He is a professional in the industry, having worked with top hair extensions in Nigeria. He will be in charge of day to day activities of the business.
Mr. Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years of experience in business management, business start-up dynamics, financial management of business, and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.
Gbolagade Mariam: She is a professional hairstylist and trainer with seven years of experience in the industry. She has attended several trainings, seminars on hair extensions. She is in charge of sales, marketing, and training.
We brought to the business:
- Practical experience in the Hair Extension business.
- Professionalism in the Industry
- Quality hair extension product and a good understanding of the market trend.
- Our staff brings operational, marketing, and promotional skills to the business.
Read Also: Foodstuff Business Plan in Nigeria
Management experience gained for the Hair Extension Business Plan in Nigeria
With over 10 years of experience in the Hair Extension business and numerous exposure to practical aspects of services, I’ve been able to master the technical requirements, financial management, staff recruitment, and organization skills, among other things necessary to give the industry good commendation from our clients.
My managerial skill has also helped put together a workforce for over 5 years, which will also help me coordinate the teamwork in most aspects of the company.
I am the CEO of the company overseeing the day-to-day activities of the business.
Materials and Machine for Hair Extension Business Plan in Nigeria
A large space, industrial generator, lighting, mirror, table, chairs, wig stand, hair mannequins, display cases, nylons for packaging, show glass, and so on.
Competitor Analysis for Hair Extension Business Plan in Nigeria
People buy from us because of the following reasons:
- Original and high-quality hair extensions
- 100% guaranty and refund
- Affordable prices and discount offers.
- Convenient hair store and relaxing atmosphere
- Excellent customer service
- Various payment options
Our three major competitive advantages are:
- Original hair extension
- 100% guaranty and refund
- Affordable prices and discount offers.
To buy the remaining part of this business plan, including the detailed financial analysis, call any of our business plan consultants on 08105636015, 08076359735, and 08113205312. You can send a WhatsApp message or email us at dayohub@gmail.com or info@dayoadetiloye.com.
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Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.
Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.
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Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community
Mission Statement:
- Provide bespoke management and business planning consultancy
- To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
- To inspire, empower and champion entrepreneurship in the global online community.
Business Goals and Objective
- Engender national prosperity by contributing to the creation of at least 100 new businesses every year
- Become a go-to brand for outstanding business development services for MSMEs
- Strategic partnership with local and international organization to empower start-ups
- Continuous innovation to serve our clients better
Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness
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Nageen
I want to purchase this hair extension. Can you please recommend to me where should I have purchased it?