Download - Sygnet Salon and Spa Business Analysis
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Sygnet Salon and Spa
Business Analysis
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Background• Opened for business in Summer 2008 in Newmarket, Ontario
• Original staff of five, including owner
• Offer various salon services
• Only ‘database’ of information is through Excel
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Currently…
• Client base has grown significantly since opening
• Difficulty finding efficient ways to track customers and handle more growth
• No business knowledge
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This Place is a Nightmare
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Nine Building Blocks for Improvement
1 - Customer Segments
•Female only
•Ages 16+
http://farm1.static.flickr.com/89/231960086_38ba5f38a5.jpg?v=0
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2 - Value Propositions
• Online booking appointments
• Building a relationship through data mining and CRM
• Gift Packages and bundled services
http://www.dogsuppliessite.com/images/gift-certificate.jpg
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3 - Channels
- Reaching the customers
- What they offer their customers
- Post-purchase support
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4 - Customer Relationships
• Acquiring Customers
• Retaining Customers
• Increasing Sales
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5 - Revenue Streams
• Recurring Revenue-post purchase support
• Fixed Price
• Leasing the building but own the physical assets
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6 - Key Resources
• Required Assets are physical and human capital
• Finances-profiting because of consistent customer base and location
http://www.firstimpressionssalonspa.com/var/be/60415/637172-front-of-salon.jpg
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7 - Key Activities
• Currently in the business of problem solving
• Customer relationships are of utmost importance
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8 - Key Partnerships
• Supplier relationships need to be maximized via information management
• Better inventory control will increase cost efficiency when ordering
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9 - Cost Structure
• Value-driven because of high end luxurious spa
• Cost-driven because purchase supplies in bulk
• Fixed cost for services-promotional offers
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Key Findings
• There was virtually no form of customer relationship management
• No online presence
• Poor business expansion strategy
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Suggested Strategy
• Implement basic database via PMPw-SQL
• Create comprehensive website which includes appointment booking
• Encourage customer growth via smart selling, package deals, and return customer coupons
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Thank you!
Reem Aziz, Etienne Bruchet, Oksana Cpin, and Mandy Flynn
Questions? Comments?