We visited ten beauty parlors for conducting our report. These are: New Look Beauty Parlor Sanonda Beauty Parlor Rifa Beauty Parlor Rani Beauty Parlor Cherry Beauty Parlor Roma Beauty Parlor Lucy Beauty Parlor World Beauty Parlor Queens Beauty Parlor Nasima Beauty Parlor
Objectives The main objective of the study was to evaluate the scope and challenges of beauty parlor business. Following were the specific objectives of the study: How these business are creating economic solvency. To identify the major constraints for women entrepreneurship development. To make a present status of these business.
Beauty Parlor -A beauty parlor is an establishment dealing with cosmetic treatments for men and women. Other variations of this type of business include hair salons and spas. - Beauty Parlor provide services related to skin health, facial aesthetic, foot care, aromatherapy, even meditation, oxygen therapy, mud baths, massage, facials, manicure, pedicure and innumerable other services.
Scope of Beauty Parlor Business can start with less investment. It requires less sophisticated technology. Its a labor intensive business. This business can spread up in small towns, villages and economically lagging region. Scope to start this business in abroad. Mainly a home based entrepreneurship. Government initiative.
Data analysis and findings Reasons for entering this business: Most of the women entrepreneur (70%) came this business to create self dependency and inspiration from family. Inspiration: 90% women mostly inspired by their husband, because it is easy and safe business for women. Business plan: 50% women made business plan to get loan from bank. Training: All of them received training before starting the business. Training and experience is a big tool for doing well in this business.
Data analysis and findings Sources of starting capital: 50% women were used bank loan. They also utilized their own savings. We found that 50% women started their business with 20,000-50,000tk from their home and gradually they developed their beauty parlor. Income: Income depends on the service, occasion, size of parlor, goodwill etc. In normal time start from 8000-1,00,000tk In peak season: 1,50,000-2,00,000tk In dull season : 6,000-60,000tk
Data analysis and findings Nature of ownership: 50% beauty parlor are owned by sole proprietor, 40% are joint family business and 10% are partnership business. Profitable business: It is a profitable business for the women. Cost: For operating the business there are some cost such as salary of the employee, equipment cost, rent etc.
Data analysis and findings Documents: Trade license: It costs yearly 1000-2,500tk TIN certificate Facility for the staff: Bonus in festival Accommodation facility Give loan in financial crisis Social responsibility: Providing free training to the poor women and garments worker. Marketing and business promotion: All of them use business card and signboard. Few of them give advertisement in newspaper, T.V. Give discount in different festival.
Problems face by Women Entrepreneur To do a Beauty Parlor Business, women Entrepreneur face different problems. These are: Financial problem: Unavailability of money creates a big burden to her to start a new business. Bank credit is related with collateral Interest rate is very high. Training Problem: Lack of international standard training institute. Lack of professional skilled trainers. Location problem: Suitable location demands much money to hire. Load shedding High cost of equipment
Problems face by Women Entrepreneur Complex registration process Complex process Time consuming Lack of co operation Sometimes they take bribery from women entrepreneur Access to IT Marketing and business promotion Negative attitude Business plan and Management Accounting/ bookkeeping.
Recommendations Interested women must be trained to operate their business well. Govt. should give financial facility to improve these businesses. Women Entrepreneurs should be provided collateral free loan as they have no assets. Interest should be very low and long term interest free loan should be available. Govt. should arrange training program and hire trainer from abroad. For new women enterprise tax may considerably reduced or exempted.
Recommendations Issuing of trade license should be made simply and free for women entrepreneurs. More research work on women entrepreneurs of beauty parlor business. Govt. should establish sufficient number of International standard Beautification Training Institute. Arranging management training for beauty parlor business. Organize training on marketing and develop business network
Guideline for new entrepreneur Mrs. Nigar Sultana (New Look), Mrs. Rani (Rifa Beauty parlor), Miss Sonia Farjana (Cherry Beauty parlor) gave us some suggestions for new entrepreneur: Interested person should take training before starting the business. It will useful for them if they at first practice this business for 6month- 1year at their home. They need to aware about customer demand and their satisfaction. Gather knowledge about update service providing by other parlor. Social responsibility.