Ch.10 The Beauty Business

Year 11 to 20 to move from being a working professional into full-time managing

Booth rental is also known as chair rental

Goes are an essential set of benchmarks that once achieved help you realize your mission and vision

A vision statement is a sweeping picture of a long-term goals for the business what it is to become

Retailer is selling take-home or maintenance products

Partnership

What is a CPA?

Business regulations and laws

Your primary concern with your business layout should be maximum efficiency

According to the PBA, what are the top three ways that clients find providers

A business plan is a non-legal binding agreement

Vision statement

Trust is one of the many things you need in a partnership

Year 20+ you should consider selling the business and changing it in someway

Consumption supplies are used in the daily business operation

Insurance

Retail supplies are supplies that are sold to clients

The rule of thumb with incoming telephone calls is to answer on the first ring

Not following the laws and rules can result in costly fines and heavy penalties

Use year 2- five for growing and expanding the business

Business operations

Mission statement

Viral marketing is personal communication between clients and their friends relatives and associates

Capital is money for investment

Marketing

Goals

What does a business plan include

What is a full charge bookkeeper?

What type of business ownership saves you money in taxes

What are the concepts to creating brand identity?

Use year one to add more locations

The key duty of the receptionist is to clean the lobby

Tools you can use to attract customers

Payroll is your top priority to meet with owning a business

A business plan is a written description of the business idea and how it will be carried out

Demographics

Recordkeeping

Cross promotion is encouraging a client who is booked for one service to add another

What should you consider when hiring potential employees?

What are some things to consider before opening business?

Business policies

Sole proprietor

A business plan should include what

Upselling is adding on additional services

Use year one to determine and complete all of the aspects of starting business