Inventory of cosmetic products for my beauty shop.

Entrepreneur

About Me

I am known as Asante Kwaku Kingsley, i was born in Tanoso in the Ashanti region of Ghana, i had my junior high school at Mmofra Mmfa Adwene international school and preceded to Osei Tutu boys college in the Ashanti region of Ghana from there i did my Higher National Diploma in Accountancy at the Takoradi Polytechnic. i encounted financial difficulties throughout my junior high and senior high levels of education and fortunately my dad came to my rescue to give financial support to me through my tertiary levels after getting admission to pursue Accountancy at the Takoradi Polytechnic. He agreed to sponsor my education and began to send some feeding items and sent extra money after paying fees i tried to manage the remaining in order to save some and began to think about a plan to establish a cosmetic shop. i realize that people especially the ladies were fashionable and were willing to add values to their beauty but there was difficulty in getting access to a nearby cosmetic shop so i took the opportunity to establish some in my area to serve the people round.

My Business

As stated earlier that the people around are fashionable, i decided to deal with cosmetic products like; powder, body cream, spray, hand gel, sure for both men and women and make ups products for the ladies. people always use these kind of products because the users of these products can never live without applying them on their bodies for them to look so gorgeous and attractive to themselves and society as a whole. since every business man aims at getting profit, after doing my feasibility study and also considering my financial strength and the place to establish some business i realize that cosmetic shop is one of the highly profitable business venture to enter into. since i didn't have enough amount of money to start with high stock, i began the establishment with just a sum of 500 Ghana cedis and this includes transporting the products from the central business centre in kumasi to tanoso where my shop was located. with the revenue, the exact amount cannot be truely told because as i sell out the products i use that same money that i receive to bring in different stock to fill the empty spaces in the shop.

Loan Proposal

If the loan is given to me, I will buy cosmetic products for both men and women. These items will cost about $400. This will help expand my business by increasing the number and amount of cosmetic products that I purchase. Purchasing large amount of cosmetic products will also help increase my profit margin. If this loan is given to me, my business will expand. Sales and marketing will be very effective. I will get enough funds to advertise and market my quality products. If this is effective, the business will grow massively. I expect my profit to increase by 40%. Thank you,

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