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COS CH32

TermDefinition
Booth Rental Also known as chair rental; renting a booth or station a salon
Business Plan A written description for your business as you see it today
Business Regulations and Laws Any and all local
Capital Money needed to invest in a business.
Consumption Supplies Supplies used in the daily business operation.
Corporation An ownership structure controlled by one or more stockholders.
Demographics Information about a specific population including data on race
Goals A set of benchmarks that
Insurance Guarantees protection against financial loss from malpractice
Partnership Business structure in which two or more people share ownership
Personnel Your staff or employees.
Record Keeping Maintaining accurate and complete records of all financial activities in your business.
Retail Supplies Supplies sold to clients.
Salon Operation The ongoing
Salon Policies The rules or regulations adopted by a salon to ensure that all clients and associates are being treated fairly and consistently.
Sole Proprietor Individual owner and
Vision Statement A long-term picture of what the business is to become and what it will look like when it gets there.
Written Agreements Documents that govern the opening of salon
social media Social media refers to a platform used to engage and communicate with groups of people through online communities
Created by: cvis
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