Spa Salon Business Basics| 66 questions| with complete solutions

Business Plan correct answer: Written plan of business, as it is seen in the present & envisioned in the future Business regulations & laws correct answer: The rules of any/all local, state & federal agencies you must comply with when you decide to open your salon or rent a booth Capital correct answer: Money needed to start a business Consumption supplies correct answer: Supplies used in daily business operation structure controlled by one Corporation correct answer: Ownership structure controlled by one or more stockholders Demographics correct answer: Information about the size, average income & buying habits of the population Insurance correct answer: A means of guaranteeing protection or safety for malpractice, property liability, fire, burgulary & theft & business interruption Partnership correct answer: Business structure in which two or more people share ownership, although no necessarily equally Personnel correct answer: Employees; Staff Record-keeping correct answer: The maintaining of accurate & complete records of all financial activites in your business Retail correct answer: Products sold to clients Salon Operation correct answer: Knowledge & compliance with all Federal Occupational Safety & Health Adminiatration (OSHA) guidelines including those that require the ingredients of cosmetic preparations be availible for employees Salon Policies correct answer: The rules or regulations adopted by a salon to ensure that all clients & associates are being treated fairly & consistently Sole Proprietor correct answer: Individual owner & manager of a business Incoming calls correct answer: Considered the lifeline of the salon or spa 1)Service records, 2) Clients Cards, 3) Merchandise