Chapter 32: The Salon Business

Which part of business plan outlines employees & management levels & describes how a business will run administratively?

The first goal of every business should be to ______________

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

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

A(n) _________ is an essential set of benchmarks that, once achieved, helps you realize your mission and your vision

Outlines all of the research obtained regarding the clients your business will target & their needs, wants, and habits?

With each call, gracious, appropriate response will help build ____________

When gathering financial information for purchasing an existing salon, it is helpful to consult with a(n) _________

Which of these terms refers to your staff or employees?

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

Someone who is trained to do everything from recording sales & payroll to generating a profit & loss statement is ______

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

If you operate your salon in a building that you own, it is not necessary to purchase which of the following insurance?

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

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

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

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

Supplies purchased by a salon that are to be sold to clients are ___________

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

An agreement to buy an established salon does not typically include which of the following?

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

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

Which part of plan includes the owner's resume, personal financial information, legal contracts, & any other agreements

Human resources does not cover which of the following concerns?

Booking appointments is primarily whose job?

Supplies used in the daily business operation are considered _________________

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

For cosmetologist with a large, steady clientele & who does not rely on the salon's clientele _________ may be desirable

Form of business in which firm that is successful enters into a contractual relationship with other businesses is ______

Smooth business management depends on sufficient investment capital as well as _____________