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Feasibility Report on Artificial Hair Business

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Feasibility Report on Artificial Hair Business
CHAPTER ONE
1.0 INTRODUCTON
Artificial hair is a general term used to describe the process of altering one's natural hair appearance by adding additional hair to the natural hair or by covering the natural hair all together with human or synthetic hair pieces. An artificial hair is made of a fiber including polyethylene and polythene products. Many young ladies of today and even married women are concern about their outlook and will stop at nothing in beautifying themselves. To this extent, many ladies now wear wigs or add artificial hair to their natural hair so as to increase its length.
The production of artificial hair however is yet to be a wide spread phenomenon in the different states of the country, hence , this study seek to provide an insight into the production and processing of artificial hair as well as opportunities for prospective investors.
1.1 JUSTIFICATION OF THE PROJECT
The main justification for the project is the ready availability of market for the various forms of the product. Our findings revealed that most ladies from all walks of life in Nigeria today, are concerned with their outlook; thereby making use of some artificial products such as artificial hair in order to meet their desires either in terms of length, color, luminosity and style in vogue.
In addition to hair fashion, hair tangling, longevity of hair style and the time it takes to make or style their hair especially if they have to do it often (which will be the case if they keep their hair natural) are other sources of concern to women.
The realization of these needs largely has made most ladies wear wigs and fix weave-on with the aim of enjoying the benefits of lengthen hair that add to the volume and or thickness of their hair, and to add fashion colours to their natural hair without damaging the natural hair. In this regard this project is targeted towards capturing the market of these ladies.
In the Nigerian Human Resources report of 2006, it was reported that of the 64.4

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