Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.

April 12 2014

SPAExampleQuestion

Day Spa Business Plan Sample - Financial Model Needs




Purchasing a sample or template to your spa business plan can be hugely valuable, but only if there is a well-done and customizable business structure spreadsheet that accompany it. To know when the business model you're working with makes the cut, search for the next elements. - SPA Example Question

Multiple Revenue Streams

As the years go by, you may expect to go customer from one want to another (as an example, increasingly sell massages, while at first customers only purchased facial treatments). To do this, the business model must let you have fun with multiple revenue streams by permitting you choose as many as possible and alter the sales mix bewteen barefoot and shoes with time.

Automated Financial Statements

The financial statements themselves require some accounting knowledge to construct, as well as the model should not need you to create them on your own or even must adjust them much at all. A well-made business structure will let you make adjustments on worksheets about your assumptions of costs, revenues, and debt and equity you will raise, then populate the income statement, balance sheet, and cash flow statement automatically. For any model to be robust it must enable a big change manufactured in one spot to automatically effect all the other sheets and statements.

Startup Costs

The model should give you the opportunity to construct the startup costs you have identified, for example to your furniture, booths, sinks, supplies, inventory, and improvements for the location itself (leasehold improvements). The model ought to know that amounted to are depreciated with time and which must be expensed at the time they may be incurred, so you do not have to learn this on your own or set up your own personal depreciation schedule.

Debt or Equity

Finally, the model should allow you to choose regardless of whether you will fund your entire day spa through debt (loans) or equity (stockholder investment). It will enable you to choose rates of interest, a repayment schedule, and use a variety of both debt and equity split up into. This will serve the needs of many day spa entrepreneurs without complicated customization. - SPA Example Question

Don't be the product, buy the product!

Schweinderl