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27 Cards in this Set
- Front
- Back
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Certified public accountant |
When gathering accurate information for purchasing an existing salon, it is often helpful to consult with a________. |
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Sole proprietor |
Another name for an individual owner who determines policies and has the last say in decision making is a_________? |
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Consumption supplies |
Supplies used in the daily business operations. |
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Retail supplies |
Supplies sold to clients. |
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A satisfied client |
One of the best forms of advertising for a salon is? |
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Payroll |
It should always be your priority to meet the _________ financial obligations. |
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Maximum efficiency |
When planning and constructing the best physical layout for a salon, the primary concern should be __________. |
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Maintain current clients |
The first goal of every business should be to? |
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Receptionist |
Who books appointments in the salon? |
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Personnel |
Your staff or employees |
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One |
What is the minimum number of stockholders allowed for a corporation to exist? |
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Easy access |
When choosing a location for your business you should choose one that has? |
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Goal |
A set of benchmarks that once achieved help you to realize your mission and your vision. |
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Mission statement |
Which part of the business plan is a description of the key influences of the business? |
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Marketing documents |
Which part of the 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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Organizational plan |
Which part of the business plan outlines employees and management levels and describes how the business will be run administratively? |
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Vision statement |
Long term picture of what the business is to become and what it will look like when it gets there. |
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Salon policy |
Rules and regulations adopted by a salon to ensure all clients and associates are treated fairly. |
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Executive summary |
Summarizes your plan and states your objectives. |
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Financial documents |
Which part of the business plan includes projected financial statements, actual statements, and financial statement analysis? |
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Signed statement of inventory, financial audit, and who owns the establishment |
What would an agreement to buy an established salon include? |
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$75 to $125 |
What is the cost per square foot to create a small salon in an existing space? |
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The salon's reputation |
With each phone call, a gracious appropriate response will help build? |
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Booth rental |
For a cosmetologist who has a large steady clientele who does not have to rely on the the salon's general public clientele to keep busy ___________ may be a more desirable situation. |
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Franchise |
A form of business in which a firm that is already successful enters into a continuing contractual relationship with other businesses. |
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Full charge bookkeeper or professional accountant |
Someone who is trained to do everything from recording sales and payroll to generation of a profit and loss statement. |
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Excellent customer service |
Smooth business management depends on sufficient investment capital as well as what? |
