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16 Cards in this Set
- Front
- Back
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BOOTH RENTAL
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Renting a booth or station in a salon (also known as chair rental).
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BUSINESS PLAN
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Written plan of a business, as it is seen in the present and envisioned in the future.
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BUSINESS REGULATIONS AND LAWS
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The rules of any/all local, state, and federal agencies you must comply with when you decide to open your salon or rent a booth.
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CAPITAL
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Money needed to start a business.
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CONSUMPTION SUPPLIES
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Supplies used in daily business operation structure controlled by one.
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CORPORATION
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Ownership structure controlled by one or more stockholders.
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DEMOGRAPHICS
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Information about the size, average income, and buying habits of the population.
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INSURANCE
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A means of guaranteeing protection or safety for malpractice, property liability, fire, burglary and theft, and business interruption.
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PARTNERSHIP
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Business structure in which two or more people share ownership, although not necessarily equally.
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PERSONNEL
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Employees; staff.
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RECORD-KEEPING
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The maintaining of accurate and complete records of all financial activities in your business.
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RETAIL SUPPLIES
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Supplies sold to clients.
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SALON OPERATION
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Knowing and complying with all Federal Occupational Safety and Health Administration (OSHA) guidelines, including those that require the ingredients of cosmetic preparations be available for employees
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SALON POLICIES
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The rules or regulation adopted by a salon to ensure that all clients and associates are being treated fairly and consistently.
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SOLE PROPRIETOR
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Individual owner and manager of a business.
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WRITTEN AGREEMENTS
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Documents such as a business plan, which is a written description of your business as you see it today, and as you foresee it in the next 5 years.
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