Comprehensive Questions with
Verified Answers Graded A+
name and describe the two most common options for going into business for yourself. - Answer:
salon owners or booth renting- work behind chair while managing business
what responsibilities does a booth renter assume? what are the disadvantages of booth
renting? - Answer: keep up with their own taxes and inventory. won't get paid days off or
vacation.
Definition
list at least three of the basic factors that potential salon owners should consider before
opening their business. - Answer: what products to carry and use, types of marketing and
promotions you will employ, and whom to hire
how many types of salon ownership are there? describe each. - Answer: individual ownership-
self employed/owner
partnership-work with another person
corporation- ownership controlled by one or more stockholders
franchise ownership-operating under franchisers trade name
Definition
list and describe the categories of information that should be included in a business plan. -
Answer: executive summary- summary of plan