Chapter F10 - The Beauty Business

A(n) ______ consists of financial documents, executive summary and supporting documents.

What should be done if a client calls to book an appointment with a particular professional who is off on that day?

Why will you need to purchase insurance when you own a business?

Which of the following is the MOST important reason to create incentives in the form of prizes for your employees?

You will want to base your business location on ____

A realistic benchmark for the net profit of a salon, spa or barbershop is

If you had a small budget and a new salon, what is the BEST way to market your business?

What business model would be best for someone who wants to set her own rules?

An outline of employee and management levels and responsibilities of each of the personnel is a(n) ___

How long is it MOST likely to take to determine and complete all of the aspects of starting your business?

Your personnel is your

Which type of business ownership is MOST likely to raise capital by offering shares of stock to stockholders?

What is a description of key strategic influences of a business, including offered services and their quality?

The only way to guarantee that you will stay in business is to

What is NOT one of the top three ways that clients find a service provider?

If your business is successful and you want to share the profits with your employees, what are you LEAST likely to do?

IF you are an owner of a salon, spa, or barbershop, which of the following is TRUE?

Which is the BEST vehicle for others to promote you and your business via viral marketing?

What should you focus on MOST in creating a brand identity?

Which part of your business plan should include a description of how the business will run administratively?

What BEST encapsulates promotional efforts that are paid for and intended to increase business?

Marketing is the means for

If your business is having personnel issues, who are you having problems with?

In addition to the artistic aspects of the beauty industry, you should also have a business knowledge of it. Why?

Which of the following will be LEAST important in becoming a successful entrepreneur?

What is the first objective in becoming a business owner?

Which of the following is built into most booth rental agreements?