This article provides a template with which to work in writing your aesthetic business plan.
Every business idea, no matter how little or big requires a functional or implementable plan. This includes an aesthetic business. If you wish to launch a business in this direction, you’ll find this information helpful.
As always, the process isn’t haphazard but deliberately systematic to help actualize your dreams for the business.
Apart from helping your business operate smoothly, this plan helps you attract the needed funding for your business idea.
Investors will be ever ready to learn or discover the viability of your business idea through this plan.
AESTHETIC CLINIC BUSINESS PLAN GUIDE
A typical aesthetic clinic business plan should contain all the key sections that make its implementation possible.
Such sections include the executive summary, company description, products & services as well as the market analysis components.
Other segments to build or develop on include the strategy & implementation, organization & management team, as well as the financial plan & projections sections.
So, how do you develop each of these areas? Let’s have a look at how.
i. Executive Summary
The executive summary gives a background about your business plan. It’s a miniature representation of what your aesthetic business plan is about.
As an overview of the entire document, investors should be able to have an idea about what the business is about and what opportunities it holds.
Of course, your executive summary section should appear first in your plan. While this is true, this section is best written last. Writing it last enables you better summarize the key ideas contained within all the sections written.
You’ll need to include subsections like your aesthetician business name & location, services and/or products, mission & vision statements as well as the specific purpose of the plan.
Let’s have a look at these before proceeding.
Business Name & Location
By way of introduction, your aesthetic clinic business plan should begin with an introduction to the business. Your introduction won’t be complete without providing information on where it will be located.
With this said, you’ll need to proceed to the next subsection;
Services and/or Products
What types of aesthetic services or products do you offer? The reader has no idea unless you provide such details.
Speaking of details, you’ll need to state how your business idea benefits your clients and how the demand for these products and services is.
Mission & Vision Statements
The mission and vision segments of the executive summary are key to understanding what the business stands for. Here, the mission statement should simply explain the essence or purpose of your business.
This should also include the approach you plan on taking to achieve your goals.
The vision statement on the other hand is a clear direction or outcome you wish to achieve with your business idea. In other words, it’s basically a destination of where you want your business to be.
It also doubles as an internal communications tool that inspires your workforce towards your goal.
Specific Purpose of the Plan
What specific purpose does your aesthetic clinic business plan serve? A good plan should have a definite purpose.
Examples of such include setting strategies or securing investors. Both of these may apply to your business plan. With this, you’re showing focus in addition to definiteness.
ii. Company Description
Your aesthetic clinic business plan needs to be described in detail. The executive summary section only captured a summary of the business idea.
Here, you’re expected to go into detail by providing information about who you are, what your business does as well as your goals.
In describing your business, you need to state its legal structure, in addition to providing a brief history of the business. Clearly state the nature of the business as well as the demands for your services and products you want to fill.
What more? an overview of products and services, as well as customers and suppliers, is needed.
If the business is already in existence, provide a summary of company growth. For one which isn’t already in existence, a growth projection would do.
Also, add financial and market highlights with short and long-term goals.
iii. Products & Services
What products and/or services does your aesthetic clinic business offer?
You want to provide such with a clear indication of benefits derived by the customer. Include an explanation of the market role of your services and products. Are there clear benefits over competing businesses?
Consider adding details about the life cycle of your products and services with relevant data on trade secrets and applicable patents etc. Are our research and development activities in the works?
You may want to have these clearly stated.
iv. Market Analysis
The market analysis section is where you break down all the details about your market research.
Here, you’re basically showing your understanding of your field of business. Key additions will be a sketch of targeted customer segments as well as customer demographics.
Describe your industry and provide an outlook on trends and opportunities. Statistics on historical, current, and future or projected data for your business is important.
Your market analysis should include an assessment of your competitor’s weaknesses and strengths.
v. Strategy & Implementation
Strategy is everything when it comes to marketing. What are your strategies?
Basically, you’ll have to explain how your aesthetic clinic business will enter the market. Relevant information includes costing, pricing, promotion, and distribution details.
vi. Organization & Management Team
Every functional business needs to be headed by a competent team of experts. So, include a chart with illustrations of key employees and the departments they head.
Who are the business owners? What is their level of involvement in running the business?
Have a profile of your management team as well.
vii. Financial Plan & Projections
This section concludes your plan and should be written with the help of an expert. It has to do with the financial statements of the business.
Key areas to be focused on include the historical financial data (for an established aesthetic clinic business), realistic prospective financial information as well as a brief analysis of your financial data.
This aesthetic clinic business plan template provides all the key areas that need to be covered. As a guide, you’re able to follow this with the confidence of having an implementable and well-written plan.