Business Plan; Spa and Health Term Paper

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Current liabilities will lie in staff payrolls, and more drastically in staff experience, which can correlate directly to the loss of business through unhappy customers. Incompetent and inexperienced staff can prove costly in any service-providing corporation. This may require a level of spending necessary to ensure staff competence through company provided training.

Maintaining records for any individual on the company payroll is a cumbersome, but imperative aspect of liability. Outsourcing this requirement may prove to be the most cost-effective and simplest method of approach. Many payroll companies offer legal services, such as employee handbooks and other company pertinent legal matter, as part of their services. This option alone could save thousands through the initial periods of development.

In order to maintain a spa and health business of the operation magnitude sought, there will likely be a necessity for at least three different departments; cosmetology, customer service/administrative and managerial. Using job order cost systems, the breakdown of each department can be distinguishably outlined not only by responsibility, but also in the overall overhead demand.

Cash-flow problems should be anticipated in the way of seasonal activity. It is possible for certain times of the year to yield less cash-flow than others, which may require extended measures of recouping.

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The decision to issue bonds is one such option, but should only be considered following a thorough review of important factors regarding previous monthly and annual income levels. As bonds are essentially loans, the repayment amounts should be consistent with previous abilities to payout.

As previous income amounts will be calculated according to membership volumes, the cash-flow statements will be done the same. Aside from miscellaneous products and 'out-of-membership' service purchases, the volume of memberships will be the overarching method of cash-flow determination.

Through the analysis of such records, the cost-volume-profit becomes apparent and the cost-behavior can be accurately antiquated into newer and more effective methods. In sum, though the operatives are much more elaborate and will require more detailed maneuvering, the objective within the spa and health corporation development has the potential to infiltrate the means of success through its systematic and careful consideration.

Understanding every aspect of the business, including competition and the entire inner-workings, will ensure the continued success of such a thriving market......

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