Chapter 32- The Salon Business

Question 1

tending to the business, it’s clientele and it’s employees and for growing and expanding the business so that it is profitable

Answer 1

2-5 years

Question 2

adding more locations, expanding scope of business , construction of a larger space

Answer 2

5-10

Question 3

may want to move from being a working cosmetologist behind the chair to a full time manager of the overall business and to begin planning for retirement

Answer 3

11-20

Question 4

you will want to base your business location on your primary ______

Answer 4

clientele

Question 5

written description of your business as you see it today and foresee it in the next 5 years

Answer 5

business plan

Question 6

______ guidelines, including those requiring that information about the ingredients of cosmetic preparations be available to employees

Answer 6

OSHA

Question 7

the individual owner and most often the manager of the business who : determines policies, and has last say in decision making , assumes expenses receives profits and bears all losses

Answer 7

sole proprietor

Question 8

making your own rules and are responsible enough to meet all the duties and obligations of running a business

Answer 8

individual ownership

Question 9

money you invest in a business

Answer 9

capital

Question 10

one reason for going into a partnership arrangement is to have more ____

Answer 10

capital

Question 11

one of the best ways thag a business owner can protect his or her personal assets

Answer 11

incorporating

Question 12

the corporate business structures saves your _________ in taxes. provides greater business ________, and makes raising ______ easier

Answer 12

money
flexibility
capital

Question 13

corporations raise capital by issuing

Answer 13

stock

Question 14

paying unemployment taxes on what?

Answer 14

salary

Question 15

a long term picture of what the business is to become and what it will look like when it gets there

Answer 15

vision statement

Question 16

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 quality of those services

Answer 16

mission statement

Question 17

administrative structure of the business

Answer 17

organizational plan

Question 18

when renting or leasing a space, you just have an _____ between yourself and the buildings owner that has been well thought out and well written. the lease should specify clearly who ______ what and who is responsible for which ________ and _______.

Answer 18

agreement
owns
repairs
expenses

Question 19

good business operations require a simple and efficient _______

Answer 19

record system

Question 20

those to be used in the daily business operation are _______

Answer 20

consumption supplies

Question 21

primary concern

Answer 21

maximum efficiency

Question 22

make it top priority to meet your ______

Answer 22

payroll obligations

Question 23

in the allotment of funds this comes first

Answer 23

paying your employees

Question 24

a well trained ______ is crucial because they are the first and last person the client contacts

Answer 24

receptionist

Question 25

receptionist most important job

Answer 25

greeted and booking appointments

Question 26

social media platforms such as facebook, twitter youtube and ______ are free

Answer 26

instagram

Question 27

advertising includes all activities that promote the salon favorably, from ______ ads to ______ spits to charity events that the salon participated in, such as a fashion show.

Answer 27

newspaper

radio