Milady Nail Technician Chapter 22 ;The Salon Business; – Flashcards
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Location
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When planning to open a salon, this is the most important consideration is __________.
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Business Plan
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An important first step in seeking financing to open a salon is developing a ___________.
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Business License
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Prior to opening a business contact logical authorities regarding _________.
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Malpractice
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Insurance policies help to protect salon owners against ___________.
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Maximum Efficiency
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The primacy concern in salon design should be _________.
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Salon Owner
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Malpractice insurance is purchased by the _________.
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Corporation
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The type of ownership in which stock holders share the profits is called ________.
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Salon Policy
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Clients and associates will be treated more fairly and consistently through _______.
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Consumption Supplies
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Supplies used in daily business operations are known as ________.
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Retail Supplies
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Supplies that are to be sold to the clients are known as ___________.
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Sales
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The largest expense in operating a salon is ______.
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3%
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What percentage of total gross income should be allocated to advertising?
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A Release
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If you don't own a building in which your salon is housed you must have an agreement by the owner called _______.
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Size of Salon
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What will be the ultimate determining factor in the size of you salon?
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Overall Attitude
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What interviewing potential employees you should consider their level of skill, their personal grooming, their communication skills, and their ______.
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Corporation
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The three types of of ownership are individual ownership, partnership, and _______.
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Client Preferences
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When booking appointment, salon services should be sold in terms of _______.
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Telephone
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An important part of the salon business is handled by the _________.
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Benefits
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Successful salon owners will share their success with their employees by making payroll obligations a top priority and offering _______.
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Top Priority
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In te allotment of funds paying the employees should always _______.
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Purchase Records
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Overstocking and supply shortages can be prevented by maintaining _______.
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Advertising
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Activities that promote the salon in a favorable ligt are known as _______.
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Well in Advance
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When should advertising for your salon be planned?
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5
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When opening a new salon your business plan should include projected income and expenses for up to ___ years.
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Satisfied Client
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The best form of advertising is through ________.
