Chapter 32 Salon Business

Question 1

Long term picture of what the business is to become and what it will look like...

Accepted Answer

Vision Statement

Question 2

What kind of business structure allows more money to invest, partner and more help with skills?

Accepted Answer

Partnership

Question 3

When might you want to move into being a full-time manager?

Accepted Answer

Year 11-20

Question 4

Which of the following do you want to base your business location on?

Accepted Answer

Your clients and their needs

Question 5

Ensure that your business has adequate locks, fire alarms, burglar alarms, and....

Accepted Answer

Surveillance System

Question 6

When might you want to sell your business or changing it someway by maybe training someone new?

Accepted Answer

Year 20 onward

Question 7

If successfully achieved, when can you start adding locations and expand the scope of business?

Accepted Answer

Year Five to Ten

Question 8

What is crucial to the smooth operation of a salon?

Accepted Answer

The Layout

Question 9

You make your own rules and are very responsible. The best ownership for you is which of these?

Accepted Answer

Individual

Question 10

A written description of your business as you see it today and might see it in the next 5 years

Accepted Answer

Business Plan

Question 11

In what time period do you use for tending to you business, including clientele, and employees?

Accepted Answer

Year Two to Five

Question 12

Which of these can protect personal assets, saves money in taxes, and provides more flexibility

Accepted Answer

Corporation

Question 13

What year do you determine and complete all of the aspects of starting the business?

Accepted Answer

Year one

Question 14

Outlines employees and management levels and describes how business will run administratively..

Accepted Answer

Organizational Plan

Question 15

What should specify clearly who owns what and who is responsible for which repairs and expenses

Accepted Answer

Lease

Question 16

Who's responsible for information about the ingredients of cosmetic preparations?

Accepted Answer

OSHA

Question 17

Those to be sold to clients are....

Accepted Answer

Retail supplies

Question 18

In your allotment of funds, what should come first?

Accepted Answer

Payroll

Question 19

Description of the key strategic influences of the business...

Accepted Answer

Mission Statement

Question 20

In a partnership business structure, you must assume your partners...

Accepted Answer

Liability for Debts

Question 21

Proper business _______ are necessary to meet requirement of local, state, and federal laws...

Accepted Answer

Records

Question 22

A stockholder of a corporation is required to pay unemployment insurance taxes for their salary

Accepted Answer

True

Question 23

A Set of benchmarks that, once achieved, help you realize your mission and your vision

Accepted Answer

Goals

Question 24

Those to be used in the daily business operations are _____

Accepted Answer

Consumption supplies

Chapter 32 Salon Business

Questions 24

Chapter 32 Salon Business

Questions 24