The Salon Business Flashcards
Typically, salon owners continue to do what while they manage their business?
continue to work on hair
A business plan is more of an agreement with yourself, and it is
not legally binding.
A long-term picture of what the business is to become and what it will look like when it gets there is part of the what statement.
vision statement.
In addition to start-up costs for creating your salon, you’ll need financing for
operational expenses.
When opening a new business, the location selected should reflect your:
primary clientele
A written plan that describes a business and foresees projections for the next 5 years is a:
business plan
The federal agency that requires that the ingredients of cosmetic preparations be available to employees is:
OSHA
A salon that is owned and operated by an individual is referred to as a:
sole proprietorship
One reason for entering into a partnership agreement is to have:
capital for investment
One of the best ways for a business owner to protect personal assets is:
incorporating
A stockholder of a corporation is required to pay unemployment insurance taxes on:
salary
A written agreement with a building owner that outlines the responsibilities for repairs and expenses is a:
A written agreement with a building owner that outlines the responsibilities for repairs and expenses is a:
Good business operations require a simple and efficient:
record system
Supplies that are used and replaced in the daily business operation are identified as:
consumption supplies
In planning and constructing the physical layout of a salon, it should be designed for:
maximum efficiency
