Hair By A. Monroe | Application Preview
Hair By A. Monroe is seeking government grants primarily for marketing purposes, including advertising, professional photography, and acquiring essential products and shipping supplies. The business aims to enhance its online presence by finalizing its online store setup and ensuring a faster turnaround on product shipping.
The business plan outlines the goal of launching an online store, with additional funding allocated for marketing and advertising to promote growth. Over the next three years, Monroe plans to invest in a physical storefront and hire employees, expanding the range of products offered to create a comprehensive shopping experience for hair needs. By the five-year mark, the vision includes obtaining a warehouse to facilitate wholesale distribution of branded products to other stylists and expansion into larger retail outlets.
Monroe emphasizes a strong commitment to fulfilling business goals, backed by experience and excellent customer service skills. The application highlights the need for financial support to advance current and future initiatives. The competitive landscape includes Goddess Lengths as a primary local competitor, while Hair By A. Monroe distinguishes itself through a goal-oriented approach, reliability, and high-quality products that cater to various price points.
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General Information
Business Registration Number: 831091393
Location: Brandon, MS, 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: NO
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Funding Usage
Marketing Advertising Professional Photography Photos of models and product photos Need a good amount of products available on hand so customers can have a faster turn around time when shipping products out. Computer to finish shop online set up Shipping supplies Packaging
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Business Plan
As on now, my plans are to get the online store up and running. With extra funding, I plan to add marketing and advertising to my budget for my business to grow along with expenses for professional photography. Within the next 3 years I’m looking into investing in a storefront and hire employees to expand. I still have plans to add more products and accessories on top of what I already have available to make it a one stop shop for all hair needs. At that 5 year mark, I would like to invest again in getting a warehouse for the business. I will still keep my business online and my storefront, but I would like to offer my branded products for wholesale pricing to other stylist and have that available at a warehouse so that they can purchase items under my brand and sell for their own retail price. I would also like to be able to get some of my product accessories I’m branding for my brand on the shelf in other big retail stores. I follow through with all my plans and goals. I have experience, great people skills, excellent customer service that was brought me this far in this business. I need the financial support to keep pushing forward with my current and future business plans
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Self Identified Competition
Goddess Lengths would be my top competitor locally. Goal driven Dependable The quality of my products are luxury and meet customer at 3 different price levels. Excellent customer service
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Contact Applicant
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