Hampton’s Hair Collection | Application Preview
Hampton’s Hair Collection is seeking government grants to enhance inventory levels, which would enable quicker service and better meet customer demands. Currently, the business operates on a pre-order basis due to limited resources, but there’s a strong desire to offer products that clients can purchase immediately.
The business plan outlines a five-year growth strategy that includes completing education and opening a beauty bar. With the increasing popularity of the hair industry, Hampton’s aims to expand services by offering classes and wholesaling wigs to other businesses.
The request for funding is justified by the business's rapid growth with minimal financial support. Increased funding would allow for a wider inventory selection and improved packaging, which would enhance customer experience and attract more clientele.
Hampton’s faces competition from established businesses like The Hair King Pin, Daisha Laid, and WigsbyMay, all of which benefit from diverse product options and faster shipping due to their sizable stock. However, Hampton’s believes it stands out with a clear vision for growth, strong customer service, and a focus on quality that keeps clients coming back. The owner’s passion and drive are highlighted as key factors in the brand's potential success.
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General Information
Business Registration Number: 86-3566085
Location: Norco, LA, United States
Length of Operation: 2 years 9 months
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I would like to purchase inventory to keep on hand to increase my revenue, with little to no start up cost I don’t keep much on hand which clients will typically prefer.
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Business Plan
I plan to grow my business in the next 5 years by completing school and following through with opening my beauty bar. The hair business is a very popular business that is steady growing. I plan to offer classes and also sell my wigs and hair wholesale to other companies in need of vendors. My business has grown a lot in just a short time , and little access to funds. If I had access to more I would build not only more but steady clientele. At the moment I do a pre order method for my customers but typically they’re shopping for something quick they can grab which I am looking to offer for my clients and also new and improved packaging.
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Self Identified Competition
My top 3 competitors would be The Hair King Pin, Daisha Laid and WigsbyMay. What all 3 of these competitors have in common is a variety of styles which is more options , quick shipping time , and also more ready to ship units. They can offer overnight shipping to customers because they have their products on hand. With my competitors their companies are at their peak, I feel my company should be invested in because I have a vision ready to be put to work. I have the push, passion and drive to make my brand succeed more than it already has. I offer quality work and great customer service. A lot of my clients are returning customers not only for my personality but for the quality of my hair.
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Contact Applicant
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