The Salon Business

In the allotment of funds, the top priority should be to meet your _____ obligations.

When interviewing potential employees, you should always look for people who:

The primary concern when planning the physical layout of your salon should be:

If you choose to buy an established salon, you should seek professional assistance from a(n):

A ____ is someone who is trained to do everything from recording sales and payroll to generating a profit-and-loss

For the booth renter, Social Security taxes are:

You do NOT need which type of insurance for your salon?

On a business timeline, expansion of services and locations would take place between the _____ years of operation

Unless you are at least __ percent booked all the time, it may not be advantageous to rent a booth.

When using the telephone, you should NOT:

If your company sets up an agreement with Lulu Salon to open your own salon that operates under the same name and logo

In what part of a business plan should you state your objectives?

One reason for going into a partnership arrangement is to have:

When creating your brand identity, you should ask each of the following questions, EXCEPT:

Administrative plans for your business are found in which part of a business plan?

If you purchase shares in a corporation, you are a:

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

A ______ is a written description of your business as you see it today and as you foresee it in the next 5 years

The type of owner who assumes expenses, receive profits and bears all losses of the business is a:

Which agency requires that information about ingredients of cosmetic preparations be available to employees?

The rules and regulations adopted by a salon to ensure that all clients and associates are treated fairly

When operating your own salon, you should:

Smooth business management depends on all of the following factors EXCEPT:

How many visits does it typically take for a new client to become a loyal current client?

A _____ is a benchmark that, once achieved, helps you to realize your mission and your vision.

A mission statement does NOT:

A business structure in which 2 or more people share ownership is a:

Supplies that are used in the daily business operation are:

When operating a salon, your largest expense each month will be your:

Initiates an investigation to determine whether there are defaults in the payments of debts

The key duty of the receptionist is:

Money to invest in a business is called:

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

When using social media to promote the salon, you should:

Which part of a salon is considered the nerve center?

When drawing up a lease to rent a building for your salon, you should secure all of the following EXCEPT an:

In a corporation, you:

Records that are used to note client personal and contact information and preferences are called:

Which of the following should be included in the Supporting documents section of a business plan?

A salon’s financial success depends in large part on all of the following EXCEPT:

The best form of advertising is:

Supplies that are purchased to be sold to clients are called:

The business plan should include projected income and overhead expenses for a period of:

It takes most new salons about ___ to begin operating at full capacity.