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23 Cards in this Set

  • Front
  • Back

Managing day-to-day operations requires

Solving problems on a regular basis

A good way to gain the experience of operating a business without a large financial commitment is to

Do booth rental

____________ states require a special license for booth renters

Some

Identify one of the many important factors you should consider when scouting for a location

Find a location where there are other salons selling skin care

What should a business plan include?

Detailed description of your business and all costs related to operations

To help you manage your finances well, it is recommended that you determine how much capital you will need to operate your salon for at least

2 years

Which of these is an example of a variable cost?

Utility bills

Which of these is an example of an expense?

Salaries

What is revenue?

Total income generated from selling products and services before expenses are taken out

When there are two or more owners involved in a salon, what is it called?

A partnership

Which of these business structures offers an owner the greatest protection from personal liability?

A corporation

A corporation is managed by

A board of directors

It is essential to seek the advice of _____________ and ___________ before purchasing an existing business

An accountant and business lawyer

Consumption supplies are

Supplies used to conduct business operations on a daily basis

As an employer, it is important to

Set clear goals and objectives and be consistent

What must you learn to do with your staff to be a successful manager?

Work cooperatively with your team

What is most important to build with clients?

Trusting relationship

Which of these is a recommended management strategy?

Keep your employees aware of important decisions

Effective management and _____________ skills are most important to good public relations

Communication

Which of these is the best place to post your salons policies?

Reception area

It should be standard practice to

Remind clients to book their next appointment

What is the best way to handle phone messages during the course of a busy day?

Respond as quickly as possible

What does public relations entail?

Building a reputation for quality service and fair business practices