But, why?
One of the requirements for a partnership arrangement
What is trust?
The first goal of every business
What is maintaining current clients?
a written description of your business as you see it today and as you foresee it in the next five years
What is a business plan?
The number of states that allow booth rental
What is 48?
An ownership structure controlled by one or more stockholders
What is a corporation?
A salon, spa, or barbershop’s nerve center
What is the reception area?
In a business plan, where the owner’s resume and personal financial information would be found
What are supporting documents?
Supplies used in daily business operations
What is consumption?
The minimum percentage you should be booked at all times to be advantageous to rent a booth.
What is 70%?
A new shop to begin operating at full capacity
What takes 6 months?
A guide to the actions of the organization
What is a mission statement?
The best form of advertising
What are satisfied clients?
One reason for going into a partnership arrangement
What is, to have help running your operation?
Salon, spa, and barbershop owners have no guarantee of...
What are profits?
The time period that would be appropriate for adding more locations or expanding the scope of the business
What is years 5 to 10 years?
The percentage of your gross income that an advertising budget should not exceed
What is 3%
A requirement of an existing salon, spa, or barbershop when owning your own business or renting a booth
What is a strong line of credit?
The primary concern when constructing the best physical layout for a salon, spa, or barbershop
What is maximum efficiency?
The kinds of services your business will offer and the quality of those services is found in this section of a business plan
What is a mission statement?
Someone who is trained to do everything from recording sales and payroll to generating a profit-and-loss statement
What is full-charge bookkeeper?