Tattoo Shop Business Plan [Sample Template]

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Are you about starting a tattoo shop? If YES, here is a complete sample tattoo shop business plan template & feasibility study you can use for FREE.

Tattooing is popular and can be found in many cultures. In fact, Tattooing is trending for girls. Everywhere I go, I see girls with tattoos and this trend is more common among high institution students. So rather than sit by and watch the trend pass, you can make some cool money by starting a tattoo design business and meeting the various demands. Below is a sample tattoo shop business plan;

A Sample Tattoo Shop Business Plan Template

1. Industry Overview

The Tattoo Artists Studio industry comprises of businesses that primarily provides tattoo services by injecting ink under the skin and permanently altering the coloration of the skin. This industry also includes businesses that provides tattoo-related maintenance, design and modification services.

So also, those that offer laser tattoo-removal services may be included in the industry especially when they provide other core services in the industry.

In the united states, different States have their rules and regulations as it relates to running a tattoo studio. For example, according to the health departments in the State of Oregon and Hawaii, tattoo artists are required to take and pass a test ascertaining their knowledge of health and safety precautions, as well as the current state regulations.

In Oregon, operating a tattoo shop without a proper and current license or in an unlicensed facility is considered a felony offense. Between 2002 and 2006 was when tattooing was legalized in New York City, Massachusetts, South Carolina and Oklahoma.

So also in the state of Tennessee, the local health department can/will do a hands-on inspection of tattoo studios every 4 months. The location of the tattoo studio will be graded based on the areas being inspected. If the studio passes an inspection, the health department will sign off on a passing scorecard and the studio will be required to show their score publicly.

If the studio fails an inspection, they will be given the opportunity to correct the mistakes (if minor) or be fined (major health risks) and can also be placed out of business on the spot. The Tattoo Artists industry is currently in the growth stage of its life cycle.

Statistics has it that the Tattoo Artistic industry in the United States of America, is worth $722 million, with an estimated growth rate of 9.8percent.

There are about 35,399 registered and licensed tattoo studios in the United States and they are responsible for employing about 54,712 people. It is import to start that no tattoo studio can boast of having a lion market share in the industry; the industry is very much open for competitions from all players.

According to report published by Pew Research Center, 36 percent of Americans aged 18-25 have at least one tattoo. This goes to show that more than one third of America’s young adults have tattoos! Little wonder the tattoo industry is the sixth fastest-growing retail business in America, as determined by the U.S. News & World Report.

This has obviously translated to online interest as well, as there are more than 147 million tattoo related searches each month on Google.

Over and above, the tattoo artist industry is very open to any aspiring entrepreneur who has acquired the required trainings, skills and perhaps professional certifications to start his or her own tattoo studio business and of course make good money from the industry.

2. Executive Summary

Pablo Fiasco Tattoo Studio®, LLC is a U.S based and licensed tattoo artists studio. We have been able to secure a standard and well – positioned facility in a central and busy district in Fairhope – Alabama.

We are a tattoo artist studio company that is set to compete in the highly competitive and fragmented tattoo artists industry not only in Fairhope – Alabama, but also throughout the United States market because we intend opening our outlets in key cities across the United States.

Pablo Fiasco Tattoo Studio®, LLC will offers services such as designing customized tattoos, Providing body piercings, predesigning tattoos, maintaining aftercare tattoo services, administering permanent makeup tattoos, and laser tattoo-removal service set al.

Our business goal is to become one of the leading tattoo artists studio in the United States and we will make sure that we do all we can to compete favorably with leaders in the industry. Our workers are going to be selected from a pool of certified, creative and highly experienced tattooist in and around Fairhope – Alabama and also from any part of the United States of America as the business grows.

We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete with leading tattoo artist studios in the United States and throughout the globe.

At Pablo Fiasco Tattoo Studio®, LLC, our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for all our partners, employees and for our clients.

Pablo Fiasco Tattoo Studio®, LLC is founded by Pablo Cesar a renowned tattooist per excellence who graduated with from New York School of Arts and his twin brother and business partner for many years Pearson Cesar. They have a combine experience that can help them build Pablo Fiasco Tattoo Studio®, LLC to favorably compete with leaders in the tattoo artists industry.

3. Our Products and Services

Pablo Fiasco Tattoo Studio®, LLC was established with the aim of maximizing profits in the tattoo artists industry. We want to compete favorably with the leading tattoo artist studios in the United States which is why we have but in place a competent team that will ensure that every tattoo design or related services rendered meet and even surpass our customers’ expectations.

We will work hard to ensure that Pablo Fiasco Tattoo Studio®, LLC is not just accepted in Fairhope – Alabama but also in other cities in the United States of America where we intend opening our garages. Our products and services are listed below;

Designing customized tattoos
Providing body piercings
Predesigning tattoos
Maintaining aftercare tattoo services
Administering permanent makeup tattoos
Laser tattoo-removal service
Other related consulting and advisory services

4. Our Mission and Vision Statement

Our vision is to establish a standard and world class tattoo artists studio whose services and brand will not only be accepted in Fairhope – Alabama but also in other cities in the United States of America.
Our mission is to provide professional tattoo artist services and other related services to individuals.
We want to build a tattoo artists studio that can favorably compete with other leading brands in the tattoo artists industry.

Our Business Structure

Pablo Fiasco Tattoo Studio®, LLC is a tattoo artist studio that intends to start humbly in Fairhope – Alabama, but hope to grow big in order to compete favorably with leading tattoo artist studio in the industry both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.

At Pablo Fiasco Tattoo Studio®, LLC, we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

Chief Executive Officer
Studio Supervisor
Human Resources and Admin Manager
Sales and Marketing Executive
Accountant
Tattoo Artists (Tattooist)
Client Service Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
Responsible for providing direction for the business
Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
Responsible for signing checks and documents on behalf of the company
Evaluates the success of the organization

Studio Supervisor:

Serves as project manager of the organization; works directly with employees
Develops strategic plan by studying the trends in the tattoo artists industry, and financial opportunities; presenting assumptions; recommending objectives.
Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff.
Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
Maintains quality service by establishing and enforcing organization standards.
Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
Make certain that the tattooist perform efficiently, coordinate employee efforts, and facilitate communications between management and the workforce
Ensures that the organization work in line with international best practices.

Human Resources and Admin Manager

Responsible for overseeing the smooth running of HR and administrative tasks for the organization
Designs job descriptions with KPI to drive performance management for clients
Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
Defines job positions for recruitment and managing interviewing process
Carries out staff induction for new team members
Responsible for training, evaluation and assessment of employees
Responsible for arranging travel, meetings and appointments
Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Oversees the smooth running of the daily office activities.

Sales and Marketing Manager

Mans external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
Model demographic information and analyze the volumes of transactional data generated by customer
Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects
Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy
Responsible for handling business research, market surveys and feasibility studies for clients
Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
Develops, executes and evaluates new plans for expanding increase sales
Creates new markets cum businesses for the organization
Empowers and motivates the sales team to meet and surpass agreed targets

Accountant / Cashier:

Responsible for preparing financial reports, budgets, and financial statements for the organization
Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
Responsible for financial forecasting and risks analysis.
Performs cash management, general ledger accounting, and financial reporting for one or more properties.
Responsible for developing and managing financial systems and policies
Responsible for administering payrolls
Ensuring compliance with taxation legislation
Handles all financial transactions for Pablo Fiasco Tattoo Studio®, LLC
Serves as internal auditor for Pablo Fiasco Tattoo Studio®, LLC

Licensed Tattooist (Tattoo Artists)

Using needles and pigments, a tattoo artist applies a permanent design directly to a client’s body, injecting ink under a layer of skin.
Pricks skin of patron, using needled electric tool, that inserts indelible nontoxic pigment into skin to form decorative or ornamental design: Shaves area to receive tattoo and washes it, using germicidal soap
Presses charcoal-coated stencil, draws design, or traces pattern of design onto skin of patron, to mark outline of design
Dips needles of tool into colored pigment solution and presses needles into skin to insert indelible pigment into skin following outline of design.
Applies sterile dressing to area.
Sterilizes needles in steam-heated cabinet
Mixes nontoxic colored pigments according to formula
Adjusts and repairs needled electric tool, using hand tools, such as screwdrivers and pliers
Draw original designs on paper, trace designs onto acetate sheet, and cut out design to form pattern or stencil, using stylus and knife
Responsible for maintaining a safe and clean work environment, including donning gloves when contact with broken skin is possible, sterilizing single-use tattoo equipment and tools using an autoclave after each tattoo application and ensuring that all work surfaces are properly disinfected to avoid the spread of blood-borne viruses such as hepatitis, HIV and other communicable infectious diseases.

Client Service Executive

Welcomes clients and potential clients by greeting them in person or on the telephone; answering or directing inquiries.
Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
Manages administrative duties assigned by the Human Resource and Admin Manager in an effective and timely manner
Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

6. SWOT Analysis

Pablo Fiasco Tattoo Studio®, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured tattoo artist studio business that can favorably compete in the highly competitive tattoo artists industry in the United States and the world at large.

Part of what the team of business consultant did was to work with the management of our organization in conducting a comprehensive SWOT analysis for Pablo Fiasco Tattoo Studio®, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Pablo Fiasco Tattoo Studio®, LLC;

Strength:

Our core strength lies in the power of our team; our workforce. We have a team of certified, creative and highly trained and experience tattooist, a team with excellent qualifications and experience in the tattoo artists industry.

Aside from the synergy that exists in our carefully selected workforce, our designs and services will be guided by best practices in the industry. Another strength that counts for us in the location of our tattoo studio; it is located in one of the most must busiest places in Fairhope – Alabama.

Weakness:

As a new tattoo artist studio in Fairhope – Alabama, it might take some time for our tattoo studio to break into the market and gain acceptance especially from top profile clients in the already saturated and highly competitive tattoo artists industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to pump into promoting our business the way we would want to.

Opportunities:

No doubt, the opportunities in the tattoo artists industry is massive considering the number of individuals in the United States who are embracing the tattooing culture shift. As a tattoo artist studio, we are ready to take advantage of any opportunity that is available in the industry.

Threat:

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new tattoo artist studio in same location where our target market exist and who may want to adopt same Business model like us.

7. MARKET ANALYSIS

Market Trends

The Tattoo Artists industry has exhibited growth over the last five years, partially due to the popular culture, which include tattoo-related reality television programs, which have made tattoos less culturally taboo. In addition, individuals have continued to demand customized tattoos with intricate designs, rather than predesigned tattoos.

Going forward, the tattoo artists industry will continue to grow, as the US population will likely become increasingly tattooed. On the other hand, new public health initiatives and regulations may add to operational costs for the industry and stand as barriers to entrepreneurs who may want to launch their own tattoo studio.

So also, cultural and religious taboos surrounding tattoos and keep people from having tattoos on their bodies have increasingly faded, leading to strong growth in demand for tattoo artists.

Lastly, it is now becoming trendy to find tattooist or tattoo studios step up their designs to 3D and also going beyond having tattoo design catalogue to leveraging on social media platforms such as Instagram, Facebook, Twitter and YouTube et al to display their tattoo designs.

8. Our Target Market

Before starting our tattoo artist in Fairhope – Alabama, we conducted a market survey and feasibility studies and we are certain that there are loads of young and old people who would need the services of a tattooist or a tattoo artist studio.

In view of that, we have created strategies that will enable us reach out to various groups of people whom we know will need our services. Below is a list of the people that we will specifically market our services to;

Celebrities / Stars / Public Figures
Sports Men and Women
Power Bikers and Cyclists
Students
Tourists
Every Individual both old and young in Fairhope – Alabama

Our Competitive Advantage

Surviving in the business world as a tattooist or a tattoo artist studio requires more than, your expertise, creativity, and knowing how to deliver standard tattoo designs et al but also how to network with key people that matters; decision makers that can decide who will get a tattoo contract from celebrities.

We are quite aware that to be highly competitive in the tattoo artists industry means that you are not only expected to be able to deliver consistent and highly creative tattoo designs, but you must be able to meet set targets.

Our competitive advantage lies in the power of our team; our workforce. We have a team of certified, creative and highly trained and experience tattooist, a team with excellent qualifications and experience in the tattoo artists industry.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups tattoo artists studios / businesses in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

9. SALES AND MARKETING STRATEGY

Sources of Income

Pablo Fiasco Tattoo Studio®, LLC is established with the aim of maximizing profits in the tattoo artists industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients. Pablo Fiasco Tattoo Studio®, LLC will generate income by offering the following services;

Designing customized tattoos
Providing body piercings
Predesigning tattoos
Maintaining aftercare tattoo services
Administering permanent makeup tattoos
Laser tattoo-removal service
Other related consulting and advisory services

10. Sales Forecast

One thing is certain; there would always be individuals who would need to experience what it means to have tattoos on their bodies or those who would want some of the latest 3D tattoo designs on their bodies.

We are well positioned to take on the available market in the tattoo artists industry and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our tattoo artist studio to enviable heights.

We have been able to critically examine the tattoo artists market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Fairhope – Alabama.

Below is the sales projection for Pablo Fiasco Tattoo Studio®, LLC. It is based on the location of our business and of course the wide range of auto repair, servicing and maintenance services and target market;

First Fiscal Year-: $100,000
Second Fiscal Year-: $250,000
Third Fiscal Year-: $500,000

N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same tattoo artists services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

Marketing Strategy and Sales Strategy

We are mindful of the fact that there is stiffer competition in the tattoo artists industry; hence we have been able to hire some of the best marketing experts to handle our sales and marketing.

Our sales and marketing team will be recruited based on their vast experience in tattoo artists industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Pablo Fiasco Tattoo Studio®, LLC.

Our corporate goal is to grow Pablo Fiasco Tattoo Studio®, LLC to become one of the top 10 tattoo artist studio brands in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in Fairhope – Alabama but also in other cities in the United States of America where we intend opening our tattoo artist studios.

Pablo Fiasco Tattoo Studio®, LLC is set to make use of the following marketing and sales strategies to attract clients;

Introduce our tattoo artist studio by sending introductory letters alongside our brochure to individuals and key stake holders in Fairhope – Alabama
Advertise our business in relevant magazines, newspapers, TV stations, and radio station.
List our business on yellow pages ads (local directories)
Attend relevant international and local expos, seminars, and business fairs et al
Create different packages for different category of clients in order to work with their budgets and still deliver excellent services
Leverage on the internet and social media platforms to promote our business
Engage direct marketing approach
Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

We know that one of the things that is capable of making us stand out is the extent to which we make our business known. This is one of the reasons why we do not plan to take our marketing strategies for granted. We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.

We are set to become the number one choice for both corporate clients and individual clients in the whole of Fairhope – Alabama and other cities in the United States of America where we intend opening our tattoo artists studios which is why we have made provisions for effective publicity and advertisement of our business.

Below are the platforms we intend to leverage on to promote and advertise Pablo Fiasco Tattoo Studio®, LLC;

Place adverts on both print (newspapers and magazines) and electronic media platforms
Sponsor relevant community based events / programs
Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our services
Install our Bill Boards on strategic locations all around Fairhope – Alabama
Engage in road show from time to time in targeted neighborhoods
Distribute our fliers and handbills in target areas
Contact corporate organizations by calling them up and informing them of Pablo Fiasco Tattoo Studio®, LLC and the services we offer
List our tattoo artist studio in local directories / yellow pages
Advertise our tattoo artist studio in our official website and employ strategies that will help us pull traffic to the site.
Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo et al.

12. Our Pricing Strategy

At Pablo Fiasco Tattoo Studio®, LLC we will keep the prices of our services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from individuals and celebrities. In addition, we will also offer special discounted rates to all our customers at regular intervals.

Payment Options

At Pablo Fiasco Tattoo Studio®, LLC, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;

Payment by via bank transfer
Payment via online bank transfer
Payment via check
Payment via bank draft
Payment via mobile money
Payment with cash

In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.

13. Startup Expenditure (Budget)

It is really very vital to do some good costing and projections in the tattoo shop business quest. That is why in setting up any business, the amount or cost will depend on the approach and scale you want to undertake.

If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a tattoo artist studio; it might differ in other countries due to the value of their money. However, this is what it would cost us to set up Pablo Fiasco Tattoo Studio®, LLC in the United of America;

Business incorporating fees in the United States of America will cost – $750.
The budget for Liability insurance, permits and license will cost – $3,500
Acquiring a facility for our tattoo studio for at least 6 months (Re – Construction of the facility inclusive) will cost – $100,000.
The amount required to purchase the needed tool box and repair equipment – $25,000
Equipping the office (computers, printers, projectors, markers, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $30,000
Amount required to purchase the needed software applications to run our business – $ 3,500
Launching an official Website will cost – $500
Amount need to pay bills and staff members for at least 2 to 3 months – $70,000
Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $5,000

Going by the report from the market research and feasibility studies conducted, we will need about two hundred and fifty thousand (250,000) U.S. dollars to successfully set – up a medium scale but standard tattoo artist studio in the United States of America.

N:B. We have been able to secure the following tattoo related tools, equipment and supplies;

Tattoo Parts

Power supply: Main power unit that runs your tattoo machine
Foot switch
Spring clip cord
Feeler gauge

Medical Supplies and Sterilization Equipment

Surface disinfectant sterilization
Tattoo antiseptic aftercare
Tattoo Topical antiseptic ointment and cleanser
Machine cover bag and headrest cover sleeve
Waste disposal container
Tattoo autoclave (stericlave): Decontaminates the tattoo equipment by exposing it to steam at high pressure
Rubbing alcohol and alcohol prep pads
Disinfecting cleaning wipes
Tattoo arm sleeve cover barrier or latex gloves
Tubes and tips cleaning brush set
Autoclave bag: Stores tattoo equipment including needles after the sterilization process
Ultrasonic cleaner and solution: Cleans residue coming from the tattoo tools e.g. tubes and tattoo needle
Tattoo machine rack: Holds machines when they are not in use
Germicidal solution: Maintains the sterilization of tattoo equipment
Needle trays
16: Spray bottles: One containing a mixture of 1/4 soap and 3/4 water, and a second holding isopropyl alcohol
Glass jar: Carries sterile ink caps
Stainless steel trays with sealing tops: One for liner and needle bars, another for shader needles and a third for shader and liner tubes
Green soap: For prep and clean up only!
Vaseline
Disposable razors
Bandages, handi wrap and hospital tape: Used to cover the tattoo
Tongue depressors
Stainless steel hospital scissors: Should be sharp!

Tattoo shop furniture and supplies

Rolling artists chair
Tattoo work table: Glass top or linoleum table that should hold all your equipment and supplies
Customer chair
Adjustable light source: Should be free standing
Basic weight-lifting bench: This is used by customers getting tattoos on their backs and legs
Paper towels

Needle supplies

Needle bars
Needles: Round liners and magnum/flat shaders
Needle jig and needle bar jig
Soldering gun and stainless solder: Fuses the needles together and attaches the needles to the bars
Round and flat tubes
Sharps containers: To dispose of the needles
Rubber nipples
Tweezers
Grips: Prevents finger cramps
Rubber bands

Art and stencil supplies

Colored inks: Black ink included
Ink caps
4Oz Ink bottles
Cup holder
Flash sheets containing tattoo designs
Watercolors and pencils: Colors the flash sheets
Thermal copier: Transfers a copy of the tattoo design onto the skin

Generating Funding / Startup Capital for Pablo Fiasco Tattoo Studio®, LLC

Pablo Fiasco Tattoo Studio®, LLC is a business that will be owned and managed by Pablo Cesar and his twin brother and business partner for many years Pearson Cesar. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

Generate part of the start – up capital from personal savings and sale of his stocks
Generate part of the start – up capital from friends and other extended family members
Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $70,000 and soft loan from family members $30,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

We do want our business to really grow and that is why the future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure.

If all of these factors are missing from a business (company), then it won’t be too long before the business close shop. One of our major goals of starting Pablo Fiasco Tattoo Studio®, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our tattoo design and services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Pablo Fiasco Tattoo Studio®, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

Completed
Business Incorporation: Completed
Opening of Corporate Bank Accounts various banks in the United States: Completed
Opening Online Payment Platforms: Completed
Application and Obtaining Tax Payer’s ID: In Progress
Securing a standard office facility for our tattoo studio: Completed
Application for business license and permit: Completed
Purchase of All form of Insurance for the Business: Completed
Conducting Feasibility Studies: Completed
Generating part of the start – up capital from the founders: Completed
Writing of Business Plan: Completed
Drafting of Employee’s Handbook: Completed
Drafting of Contract Documents: In Progress
Design of Logo for the business: Completed
Purchase of repair and servicing tools and equipment: Completed
Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
Recruitment of employees: In Progress
Purchase of the Needed furniture, office equipment, software applications, electronic appliances and facility facelift: In Progress
Creating Official Website for the business: In Progress
Creating Awareness for the business: In Progress
Health and Safety and Fire Safety Arrangement: In Progress
Establishing business relationship with vendors and key players in various industries: In Progress