The Salon Business

Location is one of the most important thing to consider when opening a

• salon

• door

• bank account

• credit card

You should develop a ________ before opening a salon

• color scheme

• business plan

• brochure

• charter

A business plan should include projected income and expenses for up to ________ years

• one

• two

• five

• ten

Prior to opening a salon you need to contact local authorities regarding

• social security

• disability

• federal withholdings

• business licenses

_______________ protect salon owners against malpractice lawsuits

• Police

• Teachers

• Insurance

• Leases

Who purchases malpractice insurance

• client

• salon owner

• employee

• no one

Which is a type of salon ownership

• corporation

• individual ownership

• partnership

• all of these are correct

Corporations share profits with

• stockholders

• partners

• clients

• multiple owners

________ are created to make sure clients and staff are treated more fairly and consistently

• record keeping

• salon policies

• insurance

• regulations

A ________ is created between the owner of a building if you do not own it

• inventory

• lease

• charter

• bylaw