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If you reach a point in your life when you are ready to become your own boss, you have two options for going into business for yourself: _________ or renting a booth in an existing shop or salon.
Owning your own barbershop
The features associated with a good location include __________.
Good visibility
In which section of a business plan are the employees and management levels outlined?
Organizational plan.
When booking appointments over the phone, ____.
be fair when making assignments between barbers
Which interview question will help you determine a potential employee's level of skill?
What can they bring to the organization beyond barbering?
A _______ is a sweeping picture of the long-term goals for the business, what it is to become, and what it will look like when it gets there.
Vision statement
The owner receives all profits in a __________.
Self-proprietorship
In which section of a business plan do you include the owner's resume, personal financial information, and legal contracts?
Supporting documents.
Keep a running inventory of all supplies, and classify them according to their ____.
use and retail value
Which civil rights law must an employer be aware of?
EEOC
When creating a business timeline, what is the time period where additional locations are added or the scope of successful business is expanded?
Years 5 to 10
A partnership is when two or more people share ownership, __________.
Although not necessarily
In which section of a business plan do you include the policies that will be followed to ensure that all clients and employees are treated fairly and consistently?
Barbershop policies.
On average, you need to be booked at least ____ percent of the time in order for it to be advantageous to rent a booth.
70
The reception area is the site for ____.
financial transactions
When creating a business timeline, what is the time period where you are tending to the business, its clientele, and its employesss?
Years 2 to 5
In a corporation, stockholders _____________.
Have an ownership interest in the company
Identify the insurance that is outside the scope for reducing risk and ensuring protection as business owner:
Home.
Renting a booth offers many advantages to a barber, but one thing you will not have that an employee of a barbershop would is ____.
paid time off or vacation time
What is the best form of advertising?
Satisfied clients.
Generally speaking, a business plan is more of an agreement with ____________.
Yourself
A ____________ is a form of business organization here an already successful firm enters into a continuing contractual agreement relationship with other businesses operating under the original firm's trade name in exchange fora fee.
Franchise
Income is usually classified as receipts from ____.
services and retail sales
When handling a client complaint over the telephone, ____.
respond with self-control, tact, and courtesy
Your primary goal for your clientele is:
Maintaining current clients.