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Salon Business Chapter 22 Flashcards | StudBud
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Salon Business Chapter 22
Salon Business Chapter 22
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Learn about owning a salon
Flashcards
21 cards
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Practice quiz
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Questions
21
Answers
1
In terms of finances, your top priority is to:
Make the mortgage or rental payment
Be sure to have enough funds for supplies & retail
Ensure you can re-pay your business loan payment
Make your payroll without fail
2
What part of your salon should make a strong first impression?
Pedicure room
Reception area
Parking lot
Manicure table
3
When purchasing a salon, your written agreement should include:
complete & signed inventory, including value
written purchase & sale agreement
all answers are correct
written agreement of responsibility of existing debt
4
Malpractice insurance is purchased by the:
client
salon owner
employee
landlord
5
What is the best form advertising?
Commercial
Business cards
A satisfied client
Coupon in a local paper
6
A simple & efficient ____ system is necessary to have a good business operation.
Payroll
Record-keeping
Banking
Red & Blue
7
When preparing a business plan, a ____ can be invaluable in helping you gather accurate financial information.
Certified public account CPA
Another small business owner
Seasoned nail technician
All of the above
8
If you are not the only owner, your lease must clearly specify,
Who owns what
How long you plan to be in a business together
Who is responsible for which repairs & expenses
Red & Yellow
9
Record-keeping includes keeping track of inventory. What does an inventory-system cover?
Purchase records
Inventory on shelves
All of the above
Identities theft or shrinkage
10
What should you consider when interviewing a potential employee?
Personal grooming & attitude
Level of technical & communication skills
Age & personal habits
Red & Blue
11
What information must be included for every salon appointment?
All of the above
Contact information
Specific services
Name
12
How can a salon business be owned & operated?
All of the above
Patnership
Stockholder of a corpation
Sole proprietorship
13
Why is the receptionist the "quarterback" of a salon?
intercepts probelms
makes a game plan for the day
physically directs the flow of the salon
all answers are correct
14
Prior to opening a business, contact local authorities regarding:
federal withholdings
social security
business licenses
sales tax
15
When designing a new salon, _______ should be your top considertion.
Red & Yellow
Plumbing
Clean, modern decor
Maximum efficiency
16
What information should be included about existing clients when purchasing a salon?
all answers are correct
formulas
client contact list
service & visitation records
17
What is the one thing you must do to guarantee that you will stay in business & have a prosperous salon?
Take excellent care of your clients
Keep all your finances & bookkeeping in order
Create a beautiful, clean, functional salon
Make sure your staff is happy
18
As a nail technician, in what ways can you go into business for yourself?
Managing a salon
Salon owner
Independent booth rental
Blue & Yellow
19
When opening a new salon, your business plan should include projected income & expense for up to:
7 years
10 years
5 years
6 years
20
An important aspect of the salon's financial success revolves around the sale of:
Home maintenance products
Gift certificates
Blue & Yellow
Salon service
21
As a beauty professional, you are making customer care your top priority so your clients will feel:
You are being pushy
You are trying to get more money out of them
You are trying to brag about how much you know
You are offering them good advice