product inventory, and the continuous inventory needs for disposable (one-use) items. The start-up inventory cost will all be coming from the VA loan. Barber chairs are $900 apiece and there will be five of them in all to be used as both barber chairs and salon chairs.[ CITATION Min21 \l 1033 ] $2000 will be put to the side for all barber accessories, parts, and products; while more can be purchased as the company deems fit. Dryer chairs are $300 a piece and there will be three as well as three dryers for $1500. [ CITATION Min211 \l 1033 ] By Minerva Beauty (2021) manicure tables are $400 and there will be three while included with
[SHORTENED TITLE UP TO 50 CHARACTERS] 8each table will be storage and drying led lights for the hands and feet. Massage tables range from $219 to $1000, starting out we will be purchasing from the $300 tables and their will be four in all to be two in the Esthetician room and two tables in the two designated areas for massage. [ CITATION Min212 \l 1033 ] Money will also be used to purchase special lighting, accessories and parts for massage, skin care, wellness, and nails. Research has been conducted that over $209 is spent every month to properly replenish inventory. [ CITATION Ave15 \l 1033 ] This inventory includes all areas of polish, acetone, storage containers, gel, and acrylic. Payroll, after looking up stats online shows that payroll will be considered 50% of the salon expenses, while utilities sit at 4%, bank and credit card fees is 4%, and 9% professional products. [ CITATION Ros20 \l 1033 ] Starting out in order to build clientele my husband and I will be running the shop on our own and handling clients. I mention this because meanwhile, we will be doing interviews for positions and meticulously being carefuland aware of potential employees. Once we do have a full staff, ways to cut back on the salons payroll would be to only hire the individuals that we need and to not go above that, allow for walk in services but mainly have by appointment basis, when the company is not as hectic push back the number of employees that is working, having assigned breaks worked in the schedule and between clients, invest in management software and scheduling, and encouraging deposits before bookings. [ CITATION Ros20 \l 1033 ]Advertisement and marketing cost will be determined based on the monthly budget set. For example, on the social media carriers Facebook and Instagram allows you to promote a post for a certain amount of time depending on how much money you would like to pay a day, and themore money and more days you choose to promote the more people and insight the company andpost will receive. I would estimate that 50-$100 a month give or take would be used for
[SHORTENED TITLE UP TO 50 CHARACTERS] 9advertisement which could come out of my personal savings account. Decorations for the company will be used from the VA loan and is estimated to cost a one-time fee of $1000 or less to decorate each room and the front lobby.