Posted: April 7th, 2023

the rubric is in the word document that I attached in the files . I started the

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the rubric is in the word document that I attached in the files . I started the first two parts, you can keep or change them as long as it looks good.
this is a note to follow while you are working on the business plan
remember that Revenue minus expenses is the profit.If 50% is wages, and profits are approx 10-12% in this industry, then what is left is what we need to have to pay the expenses. If rent is 10,000, in week 11 we learned that should only be 12% of your total revenue. That would mean that 120,000 in total is the rent, and that is 12% of 1Million. Now divide 1Million in revenue by 12 months, divided by the 8 hairstylist staff and you will see how much revenue each has to generate!
Keep those target numbers in mind when you are answering your business plan questions!

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