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BSBREL401A ESTABLISH NETWORKS REPORT LIPMEI LIM (C62073) TRENDY HAIR & BEAUTY SALON TASK 1: TRENDY Hair & Beauty Salon have been operating for 3 years, this is a Korean style hair & beauty salon which is located in one of the main road in Box Hill, naturally, we having Korean style of hairstyle and Korean hairdressing skill. Barbi Kim hair & beauty salon has a mission, we promise, providing excellent services to every client, and makes everyone special!! Other than that, we hope that we can build up a good reputation in Melbourne hairdressing industry and promote Korean style hairdressing techniques and popularity in Melbourne. Our goals to train graduate assistant hairdressers or apprentice hairdressers to become a qualified hairdressers and providing more job opportunities in this industry to achieve our good reputation in this hairdressing industry!! We believe in coming 2years, Barbi Kim Hair & Beauty Salon will be the famous salon in Box Hill area. So on in coming 5 years, Barbi Kim Hair & Beauty Salon will be the greatest top 10 hairdressing salon in Melbourne!!! Our salon main clientele are families and ladies, they’re regular clients, the highest volumes of services is haircut and the lowest is make up. The strongest sales of services is haircut , color and perm. To make clients remember this hairdressing salon, client will be given a business cards holder with some Oil clear film , client always keep our business card in their handbag or wallet, and a small price list at the back of this small envelop. To make people attracted by our salon, we have to organize a launching in our salon or having a catering by sending invitation card to our regular customer, once they bring a new friend coming in , they will get an extra 10% discount of everything. To encourage more clients to visit our salon, we could give clients some incentive schemes, for example: Cut + Color 10% discount or Cut + Perm + Color 20% discount or free hair treatment , or 2 people come for Cut + Color 30% discount ! To attract new clients, we can assign some 5% discount vouchers or products samples in front of the salon or in shopping centre. Other than that, we can have some off peak season promotion instead of just waiting business in salon during the quiet period. For example : Monday to thursday 1pm—3pm 10% discount of all services. Adding different range of products on the display rack, so regular clients will feel something different. Also updating the latest trend from magazines or product’s suppliers.All of these should discuss with supplier, staff members and financial advisor. We could have a promotion special deal in twin package such as , shampoo + conditioner, or treatment + finishing product (conditioning mousse or serum). Or we can give client a discount voucher when the client visit our salon more than 5 times, or giving them some trial of the product . BSBREL401A ESTABLISH NETWORKS REPORT LIPMEI LIM (C62073) Rather than just doing regular customers, we can have some new services to increase our sales, for example, Friday and Saturday party night! we can do a package with Hair color / Perm + make up + hair up in only $200!! but this promotion only will do like randomly not always. Instead of having a same promotion all the time, we can have different promotion every month, for example : this month we have perm promotion start from $120... however, next month we can have straightening start from $100... then permanent color promotion ..so on.. Always encourage client to have hair treatment after a chemical service, and tell them if you want your hair look like the magazine’s model’s hair, you have to have hair treatment regularly. We can let Assistant or Apprentice hairdresser to do treatment so the qualified hairdressers can have another service on another client. At the end, we can gather client’s feedback by doing market surveys or questionnaire to measure our success of our marketing strategies and promotions. OCCUPATIONAL HEALTH AND SAFETY We need to provide clear & concise information on OH&S to employees, for example : - - - Prevent injury We must provide clear and concise information on OH&S to employees to prevent any injury / accident happen. Salon’s job isn’t a high risk job but if we didn’t follow policies according to OH&S, it could be fatal! Especially electric equipment in salon, we should always maintain them in good condition to avoid electrical shock, we have to put a sign on faulty equipment as “do not use” or “faulty equipment”, to prevent any accident happen. For example, if any wires are place at the walkway, we must remove it to safety place to prevent clients or staff member falling over. Even if it isn’t fatal, an accident can cause permanent injury that can cause suffering for the rest of their life too. Pay for death If someone dead in any accident in salon, employer has to go to court, this can cause a very big problem to this salon. Every accidents are mistake, as a employer or manager, we should always remind our staff member to follow policies according to OH&S, as we know, if anything happen to anyone, this can cause mentally destroy for other person especially their family member, because they lost their family member. However, besides that, the injured person a financial burden may fall on another member of their family if the injured person can’t work longer to generate their income. Reputation of salon If we made a mistake that had injured someone, reputation of our salon will be destroy too! Seriously a business could go down with death! BSBREL401A ESTABLISH NETWORKS REPORT LIPMEI LIM (C62073) To protect the image or reputation of our salon, we should always follow policies and OH&S to prevent and controlling any injury and hazardous happen! procedure and control measures we need to put in place for reporting all safety related incidents at the salon. - - - PPE Wearing personal protective equipment when dealing with chemical, Read the products manufacturer instructions before using, make sure the chemical doesn’t going into contact with our skin and eyes. If we didn’t follow these procedures can cause injury and harmful to our health. Reporting form Complete a safety audit physically by walking around salon with a checklist , if found a hazard, tick the box and write down the location so that we can follow up later with appropriate action. Invite few of our staff members to complete this form. This can help us prevent any injury happen in our salon. So we don’t have to worry about any court problem and suffering. We can be more concentrate in our performance in salon. Safety representative Arrange someone that we nominate to inspect others doing task and assess risks. For example, category all staff member in several team to inspect risks in salon, write all potential hazards and risks on safety inspection report, and then submit to the person who we’d nominated. Perform this job as many times as necessary to ensure that we don’t overlook anything. After that remove the hazards as soon as possible to prevent any injury, so that we can work effectively in salon. Encourage team members to report all workplace safety issues. - - Safety representative Group staff member in several group to assess risks in salon then write down all potential hazards and risks in safety inspection form, then submit to the person that we’d nominated to inspect others doing task and assess risks. This is to know what could harm us so we can remove it to prevent any accident. Meeting Organize a meeting and discuss about workplace safety issues, ask staff member if they found any potential hazards or risks in salon, ask them if we can remove it ? Discuss on these topic and questionnaire them to find out a better way. Tell them to be coordinate to provide a safety environment according to OH&S. BSBREL401A ESTABLISH NETWORKS REPORT LIPMEI LIM (C62073) - Show them in Australia, around 700 workers die and some 300,000 are injured because of workplace illness and injury every year. Inform them don’t ignore any potential hazards , it can cause very serious problem. Committee Employer or manager can nominate a staff in salon to be committee, they have responsibility to take notes and keep records on OH&S issues, and they will need to communicating suggestions and concerns from staff member, recording group findings and preparing policies and procedures…etc… their main responsible is to source out any potential hazards in salon and record it, then remove the hazards. Also they have to preparing fire safety meeting and organize fire drills, ensure that everyone understands what to do in an emergency. This person as a committee is important in a business or working environment, committee has to be very responsible to control all potential hazardous in a work environment. Consult employees regarding any OH&S issues impacting on the salon’s policy? We could tell employees that are to provide a safe working environment, preventing any injury or death. If we didn’t follow these OH&S issues, can cause someone injured and destroy our salon’s image, or salon might closing down with death. Our salon main clientele are families and ladies, they’re regular clients, the highest volumes of services is haircut and the lowest is make up. The strongest sales of services is haircut , color and perm. To make clients remember this hairdressing salon, client will be given a business cards holder with some Oil clear film , client always keep our business card in their handbag or wallet, and a small price list at the back of this small envelop. To make people attracted by our salon, we have to organize a launching in our salon or having a catering by sending invitation card to our regular customer, once they bring a new friend coming in , they will get an extra 10% discount of everything. To encourage more clients to visit our salon, we could give clients some incentive schemes, for example: Cut + Color 10% discount or Cut + Perm + Color 20% discount or free hair treatment , or 2 people come for Cut + Color 30% discount ! To attract new clients, we can assign some 5% discount vouchers or products samples in front of the salon or in shopping centre. Other than that, we can have some off peak season promotion instead of just waiting business in salon during the quiet period. For example : Monday to thursday 1pm—3pm 10% discount of all services. Adding different range of products on the display rack, so regular clients will feel something BSBREL401A ESTABLISH NETWORKS REPORT LIPMEI LIM (C62073) different. Also updating the latest trend from magazines or product’s suppliers.All of these should discuss with supplier, staff members and financial advisor. We could have a promotion special deal in twin package such as , shampoo + conditioner, or treatment + finishing product (conditioning mousse or serum). Or we can give client a discount voucher when the client visit our salon more than 5 times, or giving them some trial of the product . Rather than just doing regular customers, we can have some new services to increase our sales, for example, Friday and Saturday party night! we can do a package with Hair color / Perm + make up + hair up in only $200!! but this promotion only will do like randomly not always. Instead of having a same promotion all the time, we can have different promotion every month, for example : this month we have perm promotion start from $120... however, next month we can have straightening start from $100... then permanent color promotion ..so on.. Always encourage client to have hair treatment after a chemical service, and tell them if you want your hair look like the magazine’s model’s hair, you have to have hair treatment regularly. We can let Assistant or Apprentice hairdresser to do treatment so the qualified hairdressers can have another service on another client. At the end, we can gather client’s feedback by doing market surveys or questionnaire to measure our success of our marketing strategies and promotions. TASK 2: The specialist advice on financial reporting requirements for our business can be : accountant, bookkeeper, shareholder / investor. Accountants keep track of a company's money. The company's managers and people outside the company read their reports. Managers look at the accountants' reports to see how well their companies are doing. Governments use the reports to tell how much tax a company should pay. Some people read them to decide if they want to do business with the company. Others use them to decide if they want to lend money to the company or not. Expenditures. Receipts. Accounts payable and receivable. Profits and losses. Any organization that uses money has to keep records—records of where money came from and where it went. Bookkeeper keep these financial records. Bookkeeping clerks add, subtract, multiply, and divide many numbers each day. They must be able to use computers to calculate and record data. There is a wide variety of bookkeeping clerks. Certain clerks handle only specific accounts. Some bookkeepers maintain books for an entire company. In small businesses, bookkeeping clerks handle all financial recordkeeping. They post debits and credits. They produce financial statements. They prepare reports and summaries for managers. Bookkeepers also prepare bank deposits. They verify and balance receipts. Then they send cash and BSBREL401A ESTABLISH NETWORKS REPORT LIPMEI LIM (C62073) checks to the bank. They also may handle payroll and make purchases. They might prepare invoices and keep track of overdue accounts. In large companies, accounting clerks have more specialized tasks. Their titles show the type of work they do: accounts payable clerk, accounts receivable clerk. Their duties vary. A shareholder is an individual or an institution that is part owner of the company where he or she owns at least one share. A shareholder may purchase shares or stocks of a company from the company itself or from the stock market through the aid of a share broker. A shareholder may continue to purchase shares in the company depending on how well the company performs in the stock market. If the share price of the company goes up or falls down, the shareholder has the option to sell shares or stocks. Although a shareholder is part owner of the company, they are not required to hold any position in the company. Unlike directors and officers of the company who are bound to act in the best interest of the stakeholders, the stakeholders generally don't have such duties. The money that the shareholder and other investors put into the company's coffers is used by the company to finance its business or plans of expansion without having to borrow money from financial institutions. Accountant and bookeeper protect our accounting details and helps us to record all financial reports, we have to refer to financial reports often to check if we earning money and how much we get our profit. Shareholder invest us money so we have enough capacity to purchase stocks and there will be our opportunity to earn more profit.. TASK 3: Monday Tuesday Shareholders Wednesday Bookkeeper and accountant Suppliers Thursday Friday Saturday Sunday No meeting No meeting No meeting Store keeper Inform the sales volume last week and discuss a new promotion Discuss the shortage of income Discuss new products lines and ask for best deal to do promotion Discuss stock to order Accountants keep track of a company's money. The company's managers and people outside the company read their reports. BSBREL401A ESTABLISH NETWORKS REPORT LIPMEI LIM (C62073) Bookkeeping clerks add, subtract, multiply, and divide many numbers each day. They must be able to use computers to calculate and record data. There is a wide variety of bookkeeping clerks. Certain clerks handle only specific accounts. Some bookkeepers maintain books for an entire company. A shareholder is an individual or an institution that is part owner of the company where he or she owns at least one share. A shareholder may purchase shares or stocks of a company from the company itself or from the stock market through the aid of a share broker. A shareholder may continue to purchase shares in the company depending on how well the company performs in the stock market. If the share price of the company goes up or falls down, the shareholder has the option to sell shares or stocks. SWOT analysis of working together: Strengths Choose the best idea to increase our sales. Opportunities Sales increase. Weaknesses Spend too much of time in meeting. Threats Argument maybe occurs when discussing. Always communicate with them using “win-win” negotiation skills – this is where both parties are able to agree on resolution that suits them. Trying to find this point is quite difficult, especially when both parties want very different things. But through negotiation and compromise, you can generally find a way to resolve conflict in a way that at least partially satisfies both parties. Another method to deal with difficult situations is collaborative problem solving. There are some steps need to be taken into consideration: Share perspectives : Attempt to communicate in order to gain a perspective of what the other party is feeling, wanting or needing from given situation. Define the issue : Exactly what needs to be discussed or resolved? BSBREL401A ESTABLISH NETWORKS REPORT LIPMEI LIM (C62073) Identify the interests : discuss beyond what you have agreed on and attempt to determine what everyone really wants or needs to happen in order for the problem to be resolved. This established somewhere to start the problem solving from. Generate options: Working with each other, attempt to find as many ideas that could be used to resolve the issue as possible. Look at the problem from different angles and generate a wide range of solutions which may be useful. Develop a fair or objective way to decide : agree on the method that is used to select which of the given solutions should be implemented to resolve the issue. Agree on a solution.