Salon Business Management - Chapter 10

University:
California State University, Northridge
Course:
RTM 314 | Hospitality and Customer Service
Academic year:

2023
Views:

59

Pages:

1
Author:

5prinzg1s

Chapter 10 Question One of the requirements for a partnership arrangement is ______ In how many states is booth rental allowed? What should be the primary concern when constructing the best physical layout for a salon spa or barbershop? In a business plan, the owners résumé and personal financial information would be found in the ______ Which of the following is considered a salon spa or barbershops nerve center? _______ supplies are using daily business operations. The kinds of services your business will offer, and the quality of those services is found in what part of the business plan? It takes most new shops _____ to begin operating a full capacity. Which of the following is the best form of advertising? Which of the following is an ownership structure controlled by one or more stockholders? One reason we’re going into a partnership agreement is to _______ A ________ is a written description of your business as you see it today and as you foresee it in the next five years. The first goal of every business should be to _______ An advertising budget should not exceed _______ percent of your gross income. What business time period would be appropriate for adding more locations or expanding the scope of the business? Salon, spa and barbershop owners have no guarantee of _______ A ______ is a guide to the actions of the organization. Owning your own own business or renting a booth in an existing salon spot or barbershop requires __________ Someone who is trying to do everything from recording sales and payroll to generating a profit and loss statement is called a(n) ______ Unless you are at least _______ percent booked all of the time it may not be advantageous to rent a booth. Answer Trust 48 Maximum efficiency Supporting documents Reception area Consumption Mission statement 6 months Satisfied clients Corporation have help running your operation Business plan Maintain current clients 3 percent Year 5 Profits Mission statement Strong line of credit Bookkeeper 70 percent