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Which part of your business plan should include a description of how the business will run administratively?
Organizational plan
If you are an owner of a salon, spa, or barbershop, which of the following is TRUE?
A. you're guaranteed to have large profits
B. you're guaranteed to have small profits
C. there is no guarantee of any profits
D. you're guaranteed to have losses
C. there are no guarantee of any profits
If you are interested in booth rental, which state should you NOT move to?
Pennsylvania
Your personnel is your _____.
Staff
Which part of your business plan should outline all of the research obtained regarding the clients your business will target?
Marketing plan
Which of the following will be LEAST important in becoming a successful entrepreneur?
A. attracting employees to your business
B. attracting clients to your business
C. paying employees a salary instead of a commission
Which of the following is built into most booth rental agreements?
A. paid vacation B. healthcare benefits
C. free advertising D. self-sufficiency
D. self-sufficiency
The key duty of receptionists is _____
booking appointments
Which of the following is an essential set of benchmarks that, once achieved, helps you to realize your mission and your vision?
A. goals B. statements
C. objectives D. policies
A. Goals
How long is it MOST likely to take to determine and complete all of the aspects of starting your business?
1 year
The only way to guarantee that you will stay in business is to _____.
What does adding services and retail sales to your service tickets mean for your business?
You will want to base your business location on _____.
your primary clientele and their needs
Why will you need to purchase insurance when you open your own business?
It protects you against malpractice suits
Marketing is the means for_______.
Selling and promoting your business
Which of the following is the BEST vehicle for others to promote you and your business via viral marketing?
A. face-to-face word of mouth
B. social media
C. television
D. email
B. Social Media
Which of the following types of business ownership is MOST likely to raise capital by offering shares of stock to stockholders?
A. a corporation B. a sole proprietorship
C. a partnership D. a single franchise
A. a corporation
A realistic benchmark for the net profit of a salon, spa, or barbershop is _____.(Percentage)
15%
The modern version of word of mouth is ____.
Billboard marketing
What should be done if a client calls to book an appointment with a particular professional on a particular day and time, but that professional is off that day?
Suggest other times that the professional is available