Milady The Skin Care Business

The property, equipment & inventory you own is called:

The largest expense in a salon, will be:

Type of business operation where you use a parent company's name, products & possibly services:

What does it mean to offer client the added convenience of “one-stop” shopping?

When should you answer the phone in a professional setting?

What should you do before entering any binding agreement with a prospective partner?

Who bears losses in a sole proprietorship?

How does a corporation raise capital?

A business owned by one person:

What might be the best type of ownership for U if U R an independent, self-motivated individual who likes 2 be in charge

One way a salon may pay their employees is by offering them a percentage of the total sales they brought in, this a:

How should employees view managers?

What is a good way to gain the experience of operating a business on a small scale?

Being paid a specified amount of money, regardless of the total amount of dollars brought in:

Type of bIz ownership ideal 4 U if U like the security of working w/ others & U R willing 2 assume the risk of liability

Money that comes in from the selling of products & services is:

What form of business ownership is owned by stockholders?

What are two of the most important factors in determining a location for your business?

What will you be able to do once you become familiar with the specific costs related to running your business?

What kind of information should a manager share with employees?

What are examples of incentives you can offer to motivate employees?

What is the cornerstone of a successful business plan?

What is a critical element in attracting business?

What should be a top priority in dealing with employees?

What term refers to items available for sale to clients?

What is part of the positive communication you should practice with employees?

What will you require if you want to form a corporation?

What term refers to income generated from selling services and products?

Who should you contact for advice if you decide to purchase an established salon?

What is the first thing you will want to determine before agreeing to a booth-rental arrangement?

Income minus expenses shows you whether you made a:

The financial statement is a listing of your income, expenses & other operating expenses to show your net profit or loss

How can a stockholder increase his or her ownership interest in a corporation?

Who are personnel?

What is a manual or set of instructions designed to standardize operations?

How far in advance should you confirm appointments by phone?

Assets minus liabilities equal:

The operating costs that remain the same from month-to-month (example: rent)

What is the strategy for understanding key elements in developing business called?

What do you let clients know by answering the phone in a sincere, welcoming tone of voice?

If you don't own the bldg, it's important to have an agreement that spells out your responsibilities for rent, repairs

What is an important federal agency set up to help small businesses succeed?

What is the government agency responsible for overseeing safety in the workplace?

A written doc that describes the needed steps or direction to take for the business to achieve its goals:

Federal, state, & local income taxes must be withheld from an employee's earnings; the salon owner needs to withhold:

What should you do in order to be recognized as a person of your word by employees?

What term refers to supplies used to conduct daily business operations?

What is the term for the planning and developing of relationships to achieve a certain desired behavior?

A formal summary of the aims & values of the company, individual or organization is a:

What does the smart businessperson recognize?

How much of the cost of benefits should you cover for your employees?

What sort of ambiance should the style of the salon evoke?

What is the form of business ownership in which two or more people share ownership?

What is the center of business operations in a salon or spa?

What is capital?

What should you do if you do not understand your obligations as a business owner?