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Opportunities for setting-up Hairdressing Business

Answer :

TASK 1: INTRODUCTION

The fashion needs of people are increasing nowadays that leads entrepreneur to come up with creative business. Hair styling is also a part of fashion that is growing incredibly. Such things promote hair stylist to grow up with new business (Morreaux, 2014). The business of hair dresser is to deal with the maintaining and styling of hair. The people having creative ideas in respect with hair styling can promote them to have a profitable business. Setting up a stylist business has become a popular choice due to the possibilities for creative expression, unique selling points, expanded services and wide market (Councils and Singleton, 2013). With an increasing need of hair stylist and related services, entrepreneurs are moving towards setting up a hairdressing business. The people of London are more concerned towards their fashion therefore; the demand of hair dressing business is growing (Self growth, 2015). Hackney centre is having Local Street with well established chains ranging from Marks & Spencer to Primark and so on. The area is full of quality outlet stores for big names like Burberry. The place creates a shopping experience for customers (Remmelberger, 2014). The particular centre is very engaged area with customers and number of walk-ins. The present study is focused towards identifying and analysing the opportunities for setting up a hairdressing business in Hackney central in London.

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Background

The business of Hairdressing is too diverse and depends upon the requirements of clients and the available resource with entrepreneur. Hairdressing can be seen as the art of arranging the hair or otherwise modifying its natural state. The business is somewhat related to headgear as the people wants to match their hair style with cloths that they have wear (Liao, 2014). The business of hairstylist is proved to be profitable business in case the services are provided by a hairstylist and that suits with the requirements of clients. Hairdressing is a huge industry and one of the most widespread types of businesses in UK. The fashion is the priority for people that are living in London as they live in a western culture. A professional hair dresser can have all the resources that can meet the requirements of people. Hackney centre is the engaged area of London that attracts people from different regions for shopping and other leisure activity purpose. The area can provide number of opportunities to the Hairdressing business holder to attract the customers and for expanding business (Authority, 2014). The fashion needs of people and their commitment towards spending their earning on such activities provide a path to hairdresser to identify opportunities for setting up a business. The present study provides hairdressers to go through the opportunities for business in Hackney central, London. It includes the information based on which the Sole trader hair stylist can take viable decisions.

Justification

The business of hairdressing is the most widespread types of businesses in UK. Further, it can be said that the market of UK is highly competitive is respect with hairdressing business as there are over 35,000 hair salons across the region. In respect with Hackney central and the opportunities for setting up hairdressing business, it is the biggest question that aims to be found in the present report. The location for business matters a lot for entrepreneur as the success of business depends upon the region in which it is going to be operated. Hackney central has proved to be an ideal location for fashion stores as there are number of fashion store in the nearby area (Londown town, 2015). In addition to that, the entrepreneurial streak is strong in Hackney due to vast array of independent shops, boutiques and shopping markets (Cleland, 2013). The question is whether the area is suitable for hairdressing business or not. There are number of factors which affect the new business such as location, cost of business, etc. among which location is the most important factor that affects the business operations. The present study is aiming at analysing the opportunities for setting-up hairdressing in Hackney central, London. The study is significant for decision making relating for starting up a new business assignment. Along with this, it will help the potential entrepreneurs to come up with the requirements for new hair dressing business in Hackney central

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