Salon Business Flashcards
Booth rental is different from salon ownership in that with salon ownership:
The initial investment is larger
a form of business in which tow or more people operate for the common goal of making a profit
partnership
an institution that is a separate legal entity and has its own privileges and liabilities distinct from those of its members
corporation
to avoid any misunderstandings between contracting parties in the purchase of a salon, the details should be written in a
purchase and sales agreement
in a booth rental agreement, the salon or building owner is not responsible for
training and education
a written agreement with a building owner that outlines the responsibilities for repairs and expenses
lease
if a building owner controls the products to be used, the time a person is required to work, the costs of services, and the marketing program, the people who work there are considered:
employees
a business arrangement that provides the limited liability features of a corporation and the tax efficiencies and operation flexibility of a partnership is a
S Corporation
when a stylist enters into a booth rental arrangement, he or she is responsible for all EXCEPT
mortgage payments
a salon that is owned and operated by an individual is referred to as a
sole proprietor
Much of the confusion surrounding how many of each product to purchase has been cleared away by the introduction of manufacturer’s ____
Prepacks
Your ____ can advise you on new products and ways to purchase merchandise that will save you money.
Supply Agent
To prevent blown fuses and electrical fires, each station should be:
Turned off at night
on its own fuse or breaker
Wired separately
(all of the above)
Fabric-covered chairs should be long wearing, fire proof and…
nonporous
An organized inventory system and supply room will help a business owner monitor ____ and ___ in a salon.
Profit and Loss
When opening a new business, the location should reflect your:
Target Market
The cost of a computer with software, training and wiring should cost:
$2000-$5000
Client preferences, products used, and personal information should be recorded on:
Service cards
When designed effectively, displays in a shop window should increase walk in business by
%50
Cleaning supplies should be placed in a box made of wood or ____
hard plastic
Due to the amount of chemicals that collect on styling area walls, paint should be…
High Quality
long wearing
washable
(all of the above)
____ is used in most beauty salons, because it is reasonably priced, will wear a long time, is stain-resistant, and can be polished without becoming slick
Vinyl tile
OSHA requires that ____ be kept on hand and readily available.
MSDS
How often should window displays be changed?
Every 1-2 months
Newspaper or radio ads and satisfied customers who promote a salon are all forms of …
advertising
Records that include receipts of client services and retail sales should be listed as:
Income
Displays and retail racks should be kept close to the receptionist and be:
kept neat and clean
assessible to clients
Changed every 6-8 weeks
(all of the above)
Wet stations are usually placed on wall and are typically ____ per section
5 feet
Job application forms, interview sheets, salon daily reports, supply forms should be filed in a file cabinet and located…
below the reception desk
How often should magazines be changed?
monthly
A written description of your business as yo see it today and as you foresee it in the future is called
Business plan
Supplies used in the daily business operations are called ____, while those sold to clients are retail supplies
Consumption supplies
Essentially a good location has ___ and ___ to attract a volume of customers
visibility and accessibility
The most common use of computers in a salon is to keep appointments and:
customer records
Equipment can be purchased from the manufacturer, but purchasing through ___ has its advantages
a distributor
You should have ___ hangers for clients to hand coats
Plastic or wood
Before opening a business, it is important to determine how much capital is needed to run it for at least the first
2 years
___ produce the most light and are the cheapest to operate
Fluorescent tube lighting
advertising costs in the average salon are no greater than about ___% of the total gross income
3%
