Ch 32: The Salon Business

A __________ is a long-term picture of the long-term goals for the business, what is to become, and what it will look like when is gets there.

• set of goals

• mission statement

• vision statement

• driving vision

Years __________ are for tending to business, it's clientele, and its employees for growing and expanding the business so its profitable.

• two to five

• five to ten

• eleven to twenty

• twenty and onward

________ consist of information about a specific population, including data on race, age, income, and educational attainment.

• Community poll

• Census

• Demographics

• Written agreements

When opening a new salon, proper _______ will protect your business from fire, theft, liability and burglary.

• insurance

• coverage

• written documents

• staff

In a _________ business structure, two or more people share ownership- although not necessarily equally.

• corperation

• partnership

• franchise

• sole proprietor

There are ______ major parts to a business plan.

• 3

• 7

• 8

• 11

When interviewing potential employees, always consider their skill level, personal grooming, ________, image as it relates to the salon, overall attitude, and work history.

• where the attended school

• posture

• communication skills

• accounting skills

A ______ is an ownership structure controlled by one or more stockholders.

• corporation

• sole proprietorship

• franchise

• partnership

One reason for going into a partnership arrangement is to have more ______.

• business skills

• capital

• employees

• shared knowledge

When you're ready to become your boss, the two main options to consider are renting a booth/room at an existing salon, or _______.

• starting a mobile service

• owing your own salon

• teaching cosmetology

• opening a cosmetology school