The Beauty Business MultiChoice Questions Fully Solved.

Why is owning your own salon, spa, or barbershop not for everyone? - Answer It is extremely time-consuming and there is no guarantee of profits A ________ ________ is a written description of your business as you see it today and as you foresee it in the next five years (detailed by year). - Answer Business plan The following make up what?: executive summary, vision statement, mission statement, organizational plan, marketing plan, financial documents, supporting documents, and business policies. - Answer A business plan A ________ ________ is a guide to the actions of the organization: it spells out the overall goals, provides a path, and contains the core values to help guide decision making. - Answer Mission statement What lays the foundation for how your company's strategies are created? - Answer The mission statement ________ are an essential set of benchmarks that, once achieved, help you to realize your mission and your vision. - Answer Goals It is important to set realistic goals for both the ________ ________ and ________ ________. - Answer Short term and long term What are some questions to ask yourself when creating your brand identity? - Answer "What is your point of difference? What is going to make a client want to visit your business versus the one across the street?" What is one thing to think about during your first year of creating your business? - Answer That it could take a year or more to determine and complete all of the aspects of starting the business. You will want to base your business location on what? - Answer Your primary clientele