Ch 22 - The Skin Care Business Flashcards
When should you confirm that you are in compliance with all local, state, and federal regulations in order to avoid the risk of violations
Before opening your salon
Why should you contact local authorities after confirming your ability to own and operate a salon
To investigate necessary business licenses and regulations
Whose assistance should you seek out if you do not understand your obligations as a business owner
Attorney and accountant
What does OSHA oversee
Workplace safety
What is the purpose of a noncomplete clause within an agreement to buy an established salon
To ensure the seller does not go on to offer similar services to the same market
What procedures should be spelled out in a security checklist
Opening and closing procedure
What is a good approach for a business owner to have regarding lapses in insurance coverage
Coverage should never lapse
What key information is supplied by accurate daily reports
Gross income and cost of operations
When answering the phone, how can you clients know you are eager to serve them
By answering in a sincere, welcoming tone of voice
What should you REFRAIN from doing when using the phone
Chewing gum
What is the correct term for the money needed to invest in a business
Capital
What are consumption supplies
Supplies used to conduct daily business operation
What are retail supplies
Item available for sale to clients
What is NOT a characteristic of a corporation
Ownership limited to one individual
What is the term for the particular identifying characteristics of an area or population including age, sex, or ethnicity
Demographics
What is an employee manual
Handbook or guide containing data about salon operations
What is an example of a fixed cost
Rent
What BEST describes a partnership
Multiple people sharing ownership of a business
What term refer to employees that work for you
Personnel
What is the PRIMARY purpose if creating a procedural guide
Standardizing operations
What is profit
Money left after expenses are subtracted from revenues
What is the MAIN goal of public relations
Achieving a certain desired behavior
What is revenue
Income generated from selling products and services
Who generally pays for the utilities an esthetician uses in a booth rental arrangement
Esthetician