MEXICO – Second year cosmetology students at the Center for Instruction, Technology & Innovation have begun planning for their future.
In the final quarter of their Career and Technical Education program, the cosmetology students will study business plans and develop one of their own.
Guest speaker John Halleron, Small Business Development Center business advisor, recently visited the seniors and offered key suggestions to jump start a business.
The 20 students jotted down notes and asked business preparations questions with Halleron’s main message in mind: their business, their plan, their future.
Students considered the following steps: enter business alone, pick a name, look at competition around you, how could you make your service better, short-term and long-term goals, find property to lease or own, get your license, do market research around the shop, figure out how much money it will cost and how it will be borrowed, compare expenses with potential revenues, create a supply list, have inventory, always have working capital and check your credit score annually.
Upon successful completion of their business plan unit, the students may receive college credits from Bryant & Stratton College.
Cosmetology instructor Ines Rovito said some students have worked hard toward their educational and career goals and will soon complete their 1,000 hours course of study and hands-on work experience in order to apply for their temporary license.