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100
Amount of money available after all expenses are subtracted from revenues.
profit
100
handbook or guide for employees
employee manual
100
Also known as PR
Public Relations
100
Business expenses that fluctuate , such as utilities , supplies, advertising
variable cost
100
Money needed to invest in a business operation
Capital
200
What are consumption supplies?
supplies used to conduct daily business operations
200
good staff management skills include:
showing leadership learning to expect the best acting decisively and not letting situations linger
200
What should you keep in mind when laying out your space
maximum efficiency
200
Public relations entails what?
building a reputation for quality service and fair business
200
To have a successful skin care practice you should build ________________ with your clients
trusting relationships
300
to be a successful salon/spa owner you must learn to do what with your staff
work cooperatively
300
Before becoming a booth renter , you should investigate specific laws as they apply to your _____________
license
300
A business plan should include:
A detailed description of your business and call cost related to operations.
300
A business that involves two or more permanent owners us called
partnership
300
Who manages a corporation?
board of directors
400
The amount of capital needed to operate your business for two years us determined by
business plan
400
Salon owners should carry these insurance policies:
liability malpractice theft business interruptions
400
what should you do before becoming a booth renter?
investigate the legality of the situation
400
When scouting for a location it is important to:
Find areas that have limited numbers of salons offering skin care. Areas that have no competition.
400
When looking to purchase an existing salon/spa you must seek the advice of
business lawyer/accountant
500
Before going into bussiness for yourself you should have:
clear vision good business skills practical experience strong commitment
500
Managing a business day-today requires
solving problems on a regular basis
500
All states require a special license for booth renters. TRUE OR FALSE
False
500
As a booth renter you are responsible for:
building and managing your own clients, purchasing supplies and keeping records
500
When you are planning to offer high-end services , you should target who?
high-end clients who can afford these services
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