Milady Standard Foundations Chapter 10

Supplies used in the daily business operation

A receptionist's only duties are to greet clients and to book appointments.

An essential set of benchmarks that, once achieved, help you realize your mission and your vision.

One reason to go into this type of business ownership is to have more money to invest in the business.

Money needed to invest in a business

The modern version of "word of mouth" is...

In the business timeline, this time period can be for adding more locations or constructing a larger space.

What does LLC stand for?

The rules adopted by a business to ensure that all clients and associates are treated fairly and consistently.

How long does it take most new shops to begin to operate at full capacity?

As a salon/spa owner, your largest expense is your retail supplies.

Corporations cost more to set up and run than a sole proprietorship or partnership

Encouraging a client who is booked for one service to add another is called...

You should be booked at least this percentage all the time for it to be advantageous to rent a booth.

Once you have a business name established it is easy to change it later on if you choose.

Select a business location that has good visibility, high traffic, easy access, sufficient parking, and handicap access.

A long-term picture of what the business is to become and what it will look like when it gets there.

This is an ownership structure controlled by one or more stockholders.

It takes at least 3 visits for a new client to become a loyal current client.

An outline of employee and management levels and a description of how the business will run administratively