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Salon Business
| Question | Answer |
|---|---|
| When planning to open a salon, one of the most important considerations is | Location |
| An important first step in seeking financing to open a salon is developing a | business plan |
| when opening a new salon, your business plan should include projected income and expenses for up to ___ years. | Five |
| Prior to opening a business, contact local authorities regarding___ | Business license |
| Insurance policies help protect salon owners against | malpractice lawsuits |
| Malpractice insurance is purchased by the | salon owner |
| the three types of salon ownership are individual ownership, partnership, and | corporation |
| what type of ownership includes stockholders who share the profits? | corporation |
| to ensure clients and associates will be treated more fairly and consistently, a salon should have ___ in place | salon policies |
| if you do not own the building in which your salon is housed, you must have an agreement between yourself and the owner called a(n) | lease |
| overstocking and supply shortages can be prevented by maintaining | purchase records |
| supplies used in daily business operations are known as | consumption supplies |
| supplies that are to be sold to the clients are known as | retail supplies |
| what is the largest expense in operating a salon | salaries |
| on average, salon owners in the United States spend ___ percent of the salon's total gross income on supplies | five |
| as a general rule, an advertising budget should not exceed ___ percent of your gross income | three |
| a primary concern in salon layout design should be | maximum efficiency |
| what is the ultimate determining factor with regard to the size of your salon staff? | the size of the salon |
| when interviewing potential employees, you should consider their level of skill, personal grooming, their communication skills, and | attitude |
| in the allotment of funds, paying the employees should always | be the top priority |
| successful salon owners will share their success with their employees by making payroll obligations a top priority and offering | incentives |
| an important part of the salon business is handled by the | telephone |
| when booking appointments, the requested services should be scheduled based on | clients preferences |
| what type of activity is aimed at promoting the salon in a favorable light | advertising |
| the best form of advertising is through | satisfied clients |
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Cos 2B