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chapter 32 miladys

The Salon Business Chapter

QuestionAnswer
Renting a booth or station in a salon (also known as chair rental )? Booth rental
Written plan of a business,as it is seen in the present and envisioned in the future ? Business plan.
The rules of any/ all local, state,and federal agencies you must comply with when you decide to open your salon or rent a booth ? Business regulations and laws.
Money needed to start a business? Capital.
Supplies used in daily business operation structure controlled by one ? Consumption supplies.
Ownership structure controlled by one or more stockholders ? Corporation.
Information about a size,average income,and buying habits of the population ? Demographics.
A means of business of guaranteeing protection or safety for malpractice,property liability,fire,burglary and theft,and business interruption ? Insurance .
Business structure in which two or more people share ownership,although not necessarily equally ? Partnership.
Employees;staff ? Personnel.
The maintaining of accurate and complete records of all financial activities in your business ? Record-keeping.
Supplies sold to clients ? Retail supplies.
Knowing and complying with all Federal Occupational Safety and Health Administration (OSHA )guildlines,including those that require the ingredients of cosmetic preparations be available for employees ? Salon policies .
Individual owner and manager of a business ? Sole proprietor .
Documents such as a business plan,which is a written description of your business as you see it today,and as you foresee it in next 5 ? Written agreements.
Created by: lois100754
 

 



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