Milady Foundations ch 10

Which of the following will be LEAST important in becoming a successful entrepreneur?

How long is it MOST likely to take to determine and complete all of the aspects of starting your business?

Which of the following is the MOST important reason to create incentives in the form of prizes for your employees?

What is the first objective in becoming a business owner?

If you had a small budget and a new salon, what is the BEST way to market your business?

Which type of business ownership is MOST likely to raise capital by offering shares of stock to stockholders?

You will want to base your business location on ____

What is a description of key strategic influences of a business, including offered services and their quality?

Which of the following is built into most booth rental agreements?

An outline of employee and management levels and responsibilities of each of the personnel is a(n) ___

What BEST encapsulates promotional efforts that are paid for and intended to increase business?

A realistic benchmark for the net profit of a salon, spa or barbershop is

A(n) ______ consists of financial documents, executive summary and supporting documents.

Which is the BEST vehicle for others to promote you and your business via viral marketing?

What should you focus on MOST in creating a brand identity?

Your personnel is your

What is NOT one of the top three ways that clients find a service provider?

Marketing is the means for

If your business is successful and you want to share the profits with your employees, what are you LEAST likely to do?

Why will you need to purchase insurance when you own a business?

If your business is having personnel issues, who are you having problems with?

In addition to the artistic aspects of the beauty industry, you should also have a business knowledge of it. Why?

IF you are an owner of a salon, spa, or barbershop, which of the following is TRUE?

Which part of your business plan should include a description of how the business will run administratively?

What should be done if a client calls to book an appointment with a particular professional who is off on that day?

What business model would be best for someone who wants to set her own rules?

The only way to guarantee that you will stay in business is to