Continuously change and alter your tipping policy

Booth rental is best for beauty and wellness professionals who _______.

have a large, steady and loyal clientele

The means for sellng and promoting your business

The MOST important question to ask yourself when creating your brand ?identity is: ______

What is my business's points of difference?

What will you want to base your business location on?

Your primary clientele and their needs

dissatisfaction with another service provider

sugze gest other times that the professional is available

Determining what your salon's or spa's point of difference is

Determining the long- range goals of the business

it will serve you well in managing yyour finances & business practices

To become a successful entrepreneur, the LEAST important ingredient is ______.

keeping accurate and regular bools and records

If you are an owner of a salon or spa which of the following is TRUE?

There is no guarantee of any profits

Which of the following is the most important reason to create incentives in form of money or prizes for your employees

Incemtives can inspire employees to achieve more

"With booth rental, you don't need to establish an entire shop or business"

You will need to perchase insurance when you open your own business because _______.

it protects you against malpractice suits

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Chapter F10: The Beauty Business

33 termsStudBud Administration107 plays

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Questions 33

Answers

1
,
offer your employees as many benefits as you can
make your payroll abligations
Continuously change and alter your tipping policy
Create incentives for your staff to earn more money
2
Booth rental is best for beauty and wellness professionals who _______.
have a large, steady and loyal clientele
value their paid time off and vactaion days
prefer to work on a team
a recently gained their license
3
A _____ is MOST Likely to raise capital by offering shares of stock to stockholders
partnership
sole proprientorship
corporation
single franchise
4
Waht is marketing?
The means for sellng and promoting your business
The means for keeping your clientele satisfied
The means for designing your salon or spa
The means for recruiting and hiring your staff
5
,
your landlord
Your clientele
Your marketing
Your employee
6
,
Insurance
Supplies
Advertising
Salaries
7
The MOST important question to ask yourself when creating your brand ?identity is: ______
who are my potential customers?
What is my business's points of difference?
What will mu profits be in year one?
which employee should I hire?
8
Which of the following is considered to be the modern version of word of mouth?
radio spots
Viral marketing
Billboard marketing
Television advertising
9
What will you want to base your business location on?
How many cars drive by per hour on average
Your primary clientele and their needs
Costs of rent, lease, and utilities
Proximity to your home
10
,
dissatisfaction with another service provider
Adertisements
a convenient location
recommendatins or referrals
11
The best vehicle for others to promote you and your business jvia viral marketing is ____.
face-to-face word of mouth
television
email
social media
12
What is the key duty of the receptionist ?
Greeting clientele at the door
Booking appointments
Assisting stylists withe their work
Answering the phone
13
The __ portion of your business plan should include a description of how the business will run administratively.
mission statement
vision statement
marketing plan
organizational plan
14
Which of the following is a reallistic benchmark for the net profit of a salon, spa or barbershop in the United States?
1.5
5.0
0.75
15.0
15
,
YOur financial documents
Your vision statement
Your marketing plan
Your mission statement
16
,
politely apologize and tell the client you cannot accommadate them
refer the client to another shop in the neighbor hood
call the professional & demand that they come in on their day off
sugze gest other times that the professional is available
17
Who are your personnel?
Your customer base
Your competition
Your staff
Your clientele
18
.
Maximum Profitability
Your competitor's layout
Stylistic aesthetice
Maximum efficiency
19
,
Outlining your employee and management levels and responsibilities
Summarizing your projected financial statement and analyses
Determining what your salon's or spa's point of difference is
Maintaining a regular and loyal clientele
20
____ is built into most vooth rental agreements
Self-sufficiency
Free advertsing
Paid vacation
A health care benefits package
21
,
Choosing a business location
Choosing a business name
Determining the feasibility of the business
Determining the long- range goals of the business
22
,
Advertising
Word-of-mouth
Viral marketing
Social media usage
23
,
it will serve you well in managing yyour finances & business practices
like all professionals you must become a business owner
entrepreneurship is an essential part of your career
your renting a booth is the same as owning your own business
24
,
vision statement
marketing plan
mission statement
organizational plan
25
To become a successful entrepreneur, the LEAST important ingredient is ______.
attracting employees to your business
keeping accurate and regular bools and records
maintaining loyalty of clients over a long period of time
attracting clients to your business
26
______ are essential benchmarkds that once achieved, help you go realize your mission and your vision.
Policies
Goals
Objectives
Statements
27
Which of the following is the only way to guarantee that you will stay in business?
Take care of your clients
Advertise your business
pay yourself well
Research emerging trends
28
If you are an owner of a salon or spa which of the following is TRUE?
There is no guarantee of any profits
You are guaranteed to have losses
You are guaranteed to have larg profits
You are fuaranteed to have small profits
29
Which of the following is the most important reason to create incentives in form of money or prizes for your employees
Incentives are appreciated by employees and clientele alike
Incemtives can inspire employees to achieve more
Incentives can be lieu of regular pay
Incentives are a tax write-off
30
,
"With booth rental, you don't need to establish an entire shop or business"
"With booth rent, you don't need to adhere to state laws or regulations"
With booth rental you don't need to worry about creating any pro marketing
With booth rental, you don't need to keep records for tax pir[pses
31
It is MOST likely to take you roughly ____ to determine & complete all of the aspects of starting your business.
ten years
one year
one month
six months
32
Adding services and retail sales to your service tickets means ______ for your business.
additional revenue
additional risk
additional advertising
additional clientele
33
You will need to perchase insurance when you open your own business because _______.
it protects your clientele against falls and accidents
it protects your staff against compensation losss for sick days
it protects you against malpractice suits
it protects the general public against auto mishaps in front of your store

Chapter F10: The Beauty Business Flashcards | StudBud