Milady Chapter 32 The Salon Business

When gathering accurate financial information for purchasing an existing salon, it's helpful to consult with a(an):

Smooth business management depends on sufficient investment capital as well as _____.

The first goal of every business should be to _____.

Which part of a business plan ensures that all clients and employees are treated fairly and consistently?

Which part of a business plan outlines all the research obtained regarding the clients your business will target?

If you operate your salon in a building you own, it's not necessary to purchase which types of insurance?

It should always be your top priority to meet which of the following financial obligations?

Which part of a business plan is a long-term picture of what the business is to become & what it will look like?

When an already successful firm enters into a continuing contractual relationship with other businesses, it's called:

When planning and constructing the best physical layout for a salon, the primary concern should be _____.

Which part of a business plan is a description of the key strategic influences of the business?

This is an essential set of benchmarks that, once achieved, helps you realize your mission and your vision.

Which part of a business plan includes projected financial statements, actual statements, & statement analyses?

Supplies purchased by the salon that are to be sold to clients are _____.

Someone who is trained to do everything from recording sales to payroll to generating a profit-and-loss statement is:

With each call, a gracious, appropriate response will help build _____.

Booking appointments is primarily whose job?

Another name for an individual owner who determines policies and has the last say in decision-making is _____.

Which of these terms refers to your staff or employees?

Costs to create even a small salon in an existing space can range from _____ per square foot.

What is the minimum number of stockholders allowed for a corporation to exist?

Supplies used in the daily business operation are considered _____.

When choosing a location for your business, you should select one that _____.

Human resources doesn't cover which of the following concerns?

An agreement to buy an established salon doesn't typically include which of the following?

Which part of a business plan summarizes your plan and states your objectives?

Which part of a business plan includes the owner's resume, personal financial info, contracts, & any other agreements?

For a stylist with a large, steady clientele who doesn't have to rely on the salon's general clientele, ____ is best.

This part of a business plan outlines employees & mgmt levels & describes how the business will run administratively.

Which of these is considered the very best form of advertising for a salon?