Final Business Opportunity Project
Monique Woods
BUS 362 Introduction to Entrepreneurship
Bradley Simon
January 28, 2013

Final Business Opportunity Project The business opportunity project selected falls under the category of Beauty Salons and is coded as “NAICS 812112” according to government economic census (Economic Census, 2012, p. 1). Although the business falls under this category, the primary function is geared toward providing hair products for minority men, woman, and children.
Business Overview The Quad City Area (QCA) is a multi-cultural environment with “4,017 beauty salons, barbershops, hairdressers, and beauty schools” (Census. Gov., 2010, p. 1). A breakdown of the above total for beauty salons and barbershops data reveals that there are four beauty salons and two barber shops that are minority owned businesses in this region. According to research, these businesses purchase beauty products and hair supplies from venders in Chicago, Illinois and Los Angeles, California. Thus, operating this type of business in the QCA provides the targeted audiences of customer and operator needs. Monique’s Cosmopolitan Beauty and Hair Care, LLC clearly is a sustainable business with the competitive advantage in this market. Appendix A: Sample Cost of Doing Business Comparison, Quad Cities shows the cost of doing business in the QCA compared to Chicago and Los Angeles.
QCA Profile The business opportunities in this region are ripe for the entrepreneur. According to the Quad Cities Demographic and Economic Profiles, the “population is 422,000 with 49.4% male and 50.7% female” (Quad City Chambers, 2013, p. 1). The minority population provides the following data according to the GreaterQCRegion (2010), “a) African American population 26,466, b) American Indian and Alaska Native population 1,134, c) Asian population 6,344, and d)