Exotic Plush Extensions | Application Preview
Exotic Plush Extensions is applying for government grants to support its growth and development as a business. The funding will be allocated as follows: $6,000 for product purchases, $2,000 for supplies and website creation, and $3,000 for online promotion.
The business aims to transition into a corporation and capitalize on the increasing demand for hair extensions, a popular beauty trend that shows no signs of fading. The owner has a personal passion for hair extensions and believes they can effectively meet consumer needs with high-quality products.
In terms of competition, while there are other hair extension companies, the owner sees a unique opportunity in their hometown, where there is already a customer base eager to purchase their offerings. The brand's emphasis on superior product quality is highlighted as a key differentiator, ensuring customer satisfaction and encouraging repeat purchases every few weeks.
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General Information
Business Registration Number: 92-1482834
Location: Springfield, IL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
I will be using 6000 towards the products and 2000 towards the supplies and website creation. I will use 3000 for promotion on internet platforms
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Business Plan
I plan on my business over coming my goal to becoming a corporation Hair extensions are an expensive platform for consumers needs of beauty. The trend of hair extensions has grown to stay for a long while and consumers, like myself, but hair, extensions, wigs all the time for a different look. I have been wearing extensions for years now I believe I can sell hair at an expensive taste to benefit me and my business. Okay
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Self Identified Competition
There are other companies that sell hair but I have a whole town( my home town ) that are ready to purchase my products due to the magnificent quality that I will be providing. I have market my brand and made internet platforms that consumers are ready to buy. I will be reassuring that my consumers get the best quality of hair for their money. This makes my consumers come back 2-4 weeks later to spend more money and get other things.
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Contact Applicant
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