32. Salon Business
Terms in this set (25)
A stockholder of a corporation is required to pay unemployment insurance taxes on his/her___.
What is a written plan that describes a business and foresees projections for the next five years?
What is a written agreement with a building owner that outlines the responsibilities for repairs and expenses?
When opening a new business, the location selected should reflect your___.
The important job of booking appointments and greeting clients is generally the responsibility of the_____.
Which section of a business plan includes a long-term picture of what the business is to become and what it will look like when it gets there?
What is one of the best ways for a business owner to protect personal assets?
Which section of the business plan provides a description of the key strategic influences of the business, such as the market it will serve, the kinds of services it will offer, and the quality of those services?
Which section of the business plan describes the administrative structure of the business?
What federal agency requires that the ingredients of cosmetic preparations be available to employees?
What business structure saves you money in taxes, provides greater business flexibility, and makes raising capital easier?
The first and last person who has contact with a client visiting the salon is typically the___.
During which period of your business timeline should you focus on TENDING to the business, its Clientele, and its EMPLOYEES to grow and expand the business so that it is profitable?
From years TWO to FIVE
During which period of your business timeline might you move from being a working cosmetologist into a full-time MANAGER of the overall business and to begin planning for your eventual RETIREMENT?
From years 11 to 20
During which period of your business timeline should you focus on adding more locations, EXPANDING the scope of the business ( for example: adding spa services), or constructing a larger space?
Years FIVE to TEN
An individual who determines policies, has the last say in decision making, assumes expenses, receives profits, and bears all losses in the___.
In order to have a successful business, a top priority in the allotment of funds is to____.
Meet payroll obligations
Supplies that are used and replaced in the daily business operation are identified as___.
Information about the ingredients in cosmetic preparations and the other products are included in a(n)_____.
One reason for entering into a partnership agreement is to have___.
Capital for investment
A salon that is owned and operated by an individual is referred to as a(n)___
Good business operations require a simple and efficient____.
Which promotion method is an example of social media?
Photo sharing sites such as Instagram.
What should be the primary concern when planning and constructing the physical layout of a salon?
Newspaper or radio ads and charitable events can best be described as forms of____.