ACCESSIBILITY - ANSWER Easy to get to, easy to see.
ADVERTISING - ANSWER Promotion of business, 3% of monthly revenue.
APPOINTMENT BOOK - ANSWER Lets you know what is taking place at any given time in the salon.
ASSETS - ANSWER All things of value that you own.
ACCESSIBILITY - ANSWER Easy to get to, easy to see.
ADVERTISING - ANSWER Promotion of business, 3% of monthly revenue.
APPOINTMENT BOOK - ANSWER Lets you know what is taking place at any given time in the salon.
ASSETS - ANSWER All things of value that you own.
BOOTH RENTAL - ANSWER A station or space rented by a stylist, practiced by 50% of salons.
BUSINESS PLAN - ANSWER Tool for obtaining financing and a blueprint for future growth.
CAPITAL - ANSWER Amount of money needed to start a business.
CHARTER - ANSWER A form of a "birth certificate" from the state for a corporation.
COMMISSION - ANSWER Percentage of earnings from a service or a sale.
CONSUMABLE SUPPLIES - ANSWER AKA: Disposable, operating - Supplies that cannot be reused.
CORPORATION - ANSWER A legal entity that conducts business.
DEMAND - ANSWER More people who want the service, with less people to deliver, will make prices
higher.
, DEMOGRAPHICS - ANSWER The study of human population.
DEPRECIATION - ANSWER Loss of value.
NET - ANSWER Amount of profit after expenses/deductions have been paid.
OPERATING POLICIES - ANSWER Written duties and responsibilities of employees.
OSHA - ANSWER Occupational Safety and Health Administration.
PARTNERSHIP - ANSWER Shared ownership and shared profits.
POPULATION DENSITY - ANSWER Amount of people in a specified area.
PRODUCT LIABILITY INSURANCE - ANSWER Covers claims due to product use.
PROFIT - ANSWER Money left over after expenses have been paid.
PROPERTY LIABILITY INSURANCE - ANSWER Covers accidents other than negligence.
RECEIPTS - ANSWER Record of payment.
RECEPTIONIST - ANSWER "Quarterback" of the salon.
RETAIL - ANSWER Products sold to the public.
ROYALTY FEE - ANSWER Percentage of monthly gross paid by the franchisee.
SALARIES - ANSWER Largest expense in the salon.
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