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INTRODUCTION
The beauty and wellness industry has witnessed a surge in demand, driven by
evolving beauty standards and an increasing focus on self-care. In the picturesque
locale of Buhi, Camarines Sur, aspiring entrepreneurs eager to tap into this thriving
industry may encounter a formidable challenge: the constraint of limited capital.
Establishing a beauty salon demands substantial initial investment, encompassing
equipment procurement, salon space acquisition, and staff remuneration. This research
aims to delve into the multifaceted challenges faced by individuals aiming to embark on
the entrepreneurial journey of opening a beauty salon. Constraints may pose distinctive
hurdles. Buhi, nestled in the heart of Camarines Sur, presents a unique market
characterized by a blend of economic dynamics. However, the financial constraints
faced by potential salon owners may hinder their ability to compete in this competitive
landscape. As we explore the nuances of these challenges, it becomes imperative to
consider factors such as local economic conditions, consumer preferences, and
regulatory frameworks that influence the feasibility and sustainability of beauty salon
ventures with limited capital. This research not only seeks to identify the obstacles but
also aims to propose viable strategies and solutions for entrepreneurs navigating the
intricate landscape of the beauty industry in Buhi. By understanding and addressing
these challenges, we hope to contribute valuable insights that empower aspiring salon
owners to overcome financial barriers, fostering the growth of this unique and vibrant
community.
The causes of commencing a beauty salon are limited capital, lack of experience
in the beauty industry, insufficient knowledge of the local market, and inadequate
marketing strategies.
Inability to purchase necessary equipment and supplies, to hire experiences
staff, to offer competitive prices and inability to provide equality services are the
possible consequences of commencing a Beauty Salon with limited capital.
These are the remedies we can use in our research, conduct thorough research
about beauty industry and local market, create a detailed business plan that includes a
budget and market strategies, and consider partnering with an experienced professional
in the beauty industry.
Starter a beauty shop in Buhi, Camarines Sur with little money presents
difficulties for number of parties. Financial limitations for the business owner may restrict
marketing initiatives and make it more difficult to purchase top-notch equipment.
Although there may be more career prospects for the locals, there may be less options
because of limited service. Suppliers’ cash flow may be impacted by slower payment
circle. The neighborhood might possibly benefit from a new service, but it might also
see the salon struggle to remain viable. Maintaining a balance between this element is
essential to the project success and the interests of all parties involved.
CONSIDERING ADVANTAGES AND DISADVANTAGES
Starting a beauty salon with limited capital can be challenging. Here are some general
advantages and disadvantages to consider:
Advantages
Minimal investment for your startup costs if you have a home-based business
Independence and control over your workload
New equipment if you decide to open a commercial hair salon business
Disadvantages
Inability to purchase necessary equipment and supplies
Inability to hire experienced staff
Inability to offer competitive prices
Inability to provide quality services
Capital, customer loyalty, and competition are major challenges
This study aims to know more about the challenges they might have with just a limited
amount of capital when starting a beauty salon. In this research, we can learn more
about the possible causes, consequences, advantages, disadvantages, etc. of having
limited capital when commencing a business.