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25 Cards in this Set
- Front
- Back
When preparing your business plan, it is often helpful to consult with an _________ to prepare your financial documents.
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Accountant
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Another name for an individual owner with complete control of a business is:
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Sole proprietor
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Supplies used in the daily business operation are considered:
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Consumption supplies
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Supplies purchased by a salon with the intention of selling these products to clients are:
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Retail supplies
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When planning and constructing the best physical layout for a salon, the primary concern should be:
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Maximum efficiency
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It should always be your top priority to meet which financial priority?
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Payroll
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What is considered the very best form of advertising for a salon?
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Satisfied clients
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A(n) ________ is a benchmark that, once achieved, helps you realize your mission and your vision.
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Goal
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When choosing a location for your business, you should select one that:
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Offers easy access
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What is the minimum number of stockholders allowed for a corporation to exist?
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1
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If you operate your salon in a building that you own, it is recommended that you purchase all BUT which insurance?
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Renter's insurance
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Which of these terms refers to your staff or employees?
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Personnel
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Human resources covers all BUT:
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What you should do when you need to increase sales
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Booking appointments is primarily whose job?
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The receptionist
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The first goal of every business should be to:
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Maintain current clients
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Which part of a business plan outlines management levels and describes how the business will be run?
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Organizational Plan
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Which part of a business plan summarizes your plan and states your objectives?
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Executive Summary
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Which part of a business plan includes projected financial statements, actual statements, and financial statement analyses?
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Financial Documents
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Which part of a business plan ensures that all clients and employees are treated fairly and consistently?
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Salon Policies
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Which part of a business plan is a long-term picture of what the business is to become and what it will look like when it gets there?
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Vision Statement
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Which part of a business plan outlines all of the research obtained regarding the clients your business will target and their needs, wants and habits?
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Marketing Plan
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Which part of a business plan includes the owners' resume, personal financial information, legal contracts and any other agreements?
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Supporting Documents
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Which part of a business plan is a description of the key strategic influences of the business?
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Mission Statement
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An agreement to buy an established salon should include all BUT:
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An agreement on future maintenance costs
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Costs to create even a small salon in an existing space can range from ________ per square foot.
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$75-$125
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