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Chapter 32 The Salon Buisness
Milady 2008
16
Cosmetology
12th Grade
03/10/2014

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Cards

Term
Booth Rental
Definition
Renting a booth or station in a salon. (Also known as Chair Rental).
Term
Business Plan
Definition
Written plan of a business, as it is seen in the present and envisioned in the future.
Term
Business Regulations and Laws
Definition
The rules of any/all local, state, and federal agencies that you must comply with when you decide to open your salon or booth rental.
Term
Capital
Definition
Money needed to start a business.
Term
Consumption Supplies
Definition
Supplies used in daily business operation structure controlled by one.
Term
Corporation
Definition
Ownership structure controlled by one or more stockholders.
Term
Demographics
Definition
Information about the size, average income, and buying habits of a population.
Term
Insurance
Definition
A means of guaranteeing protection or safety for malpractice, property liability, fire, burglary and theft, and business interruption.
Term
Partnership
Definition
Business structure in which two or more people share ownership, although not necessarily equally.
Term
Personnel
Definition
Employees; Staff.
Term
Record-Keeping
Definition
The maintaining of accurate and complete records of all financial activities n your business.
Term
Retail supplies
Definition
Supplies sold to clients.
Term
Salon Operation
Definition
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.
Term
Salon Policies
Definition
The rules or regulations adopted buy a salon to endure all clients and associates are being treated fairly and consistently.
Term
Sole Proprietor
Definition
Individual owner and manager of a business.
Term
Written Agreements
Definition
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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