Presentation On

Women Entrepreneurship: Scope and challenges of Beauty Parlor Business

Prepared by: Mutual

Prepared for:

Dr. A.F.M Aowrangazab,Professor,Department of management Studies University of Chittagong.

Presented byRukhsana Akhter Shaheda ChowdhurySyeda Jabunnesa Jalal Thonima Abedin Fatema Sultana Mumu

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. It’s 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.

10 %

10 %

10 % 0 %

7 0 %

selfdependency Extra income

SelfinspirationPass leisuretimeNo job

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

30%10%

10%50%

Own savings

Family &relatives

Bank loan

Loan from NGO

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.

50%

40%

10%

Sole proprietor

joint family

partnership

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.

Thank you