plan
summarizes your plan and states objectives
what is executive summary
determine and complete all the aspects of starting the business
what is Year One?
individual owner
what is sole proprietorship
guarantees protection against financial loss from mal practice , property liability , fire, burglary and theft
what is insurance
a long term picture of what the business is to become and what it will look like
what is the vision statement
can begin to add more locations , expanding the scope of the business
what is Year 5-10
ownership structure by two or more
what is partnership
the on going , recurring process or activities
what is salon operation
a description of the key strategic influences of the business such as a market it will serve
what is a Mission statement
this time is for tending to the business , its clientele and its employees
what is year 2-5
business organization in which a firm that is already successful
what is a franchise
the rules and regulations adopted by the salon
what is the salon policy
outlines employees and management levels
what is an organizational plan
this may be the perfect time to consider selling your business
what is year 20 onward
ownership structure controlled by one or more shareholders
what is corporation
also known as chair rental
what is booth rental
includes owners resume ,personal financial information , legal contracts,and other agreements
what is Supporting documents
you may want to move on from being a working cosmetologist to being a full time manager
what is year 11-20
maintaining accurate and complete records of all financial activities
what is record keeping