Starting Your Business
You will need to purchase this to protect yourself against malpractice suits.
What is insurance?
Marketing is the method of doing this for your business.
What is promoting and selling?
Goals serve as these on the way to achieving your vision.
What are benchmarks?
Your biggest monthly expense is MOST likely this.
What are salaries?
You would MOST likely tell your friend this about booth rental.
What is: You don’t need to start an entire business?
It is MOST likely to take about this long to fully launch your business.
What is one year?
The modern version of word of mouth.
What is viral marketing?
This portion of the business plan outlines your target clients.
What is the marketing plan?
A realistic benchmark for salon/spa/barbershop net profit in the U.S.
What is 15%?
This quality is built into most booth rental agreements.
What is self-sufficiency?
You should base your business location on these.
What are your primary clientele and their needs?
The best vehicle for viral marketing today.
What is social media?
This part of the business plan covers administrative operations.
What is the organizational plan?
The LEAST important factor in becoming a successful entrepreneur.
What is keeping regular books and records? (Though important, it’s listed here as the “least”)
Booth rental is best for professionals with this type of clientele.
What is a large, steady, and loyal clientele?
The first thing to determine when aiming to open a spa.
What are your long-term goals?
The most important question when building your brand identity.
What is: What is my business’s point of difference?
If you’re working on your values, services, and quality, you’re creating this.
What is a mission statement?
There is no guarantee of this if you own a business.
What is profit?
The receptionist’s key duty.
What is booking appointments?
Maximum efficiency should be the focus when doing this.
What is planning your physical layout?
According to the PBA, the top 3 ways clients find providers do not include this.
What is dissatisfaction with another provider?
This is the MOST important focus when creating a salon’s unique identity.
What is determining your point of difference?
This form of business can raise capital by selling shares.
What is a corporation?
Adding services and retail to service tickets means this.
What is additional revenue? What is upseling or ticket upgrading?