| A | B |
|---|
| Booth Rental | Renting a booth or station in a salon |
| Business Plan | written plan of business, as it is seen in the present and envisioned in the future |
| business regulations and laws | the rules of any/all local, state, and federal agencies you must comply with when you decide to open your salon or rent a booth |
| capital | money needed to start a business |
| consumption supplies | supplies used in a daily business operation structure controlled by one |
| corporation | ownership structure controlled by one or more stockholders |
| demographics | information about the size, average income, and buying habits of the population |
| insurance | a means of guaranteeing protection or safety for malpractice, property liability, fire, burglary, theft and business interruption |
| partnership | business structure in which two or more people share ownership, although not necessarily equally |
| personnel | employees; staff |
| record-keeping | the maintaining of accurate and complete records of all financial activities in your business |
| retail supplies | supplies sold to clients |
| salon operation | knowing and complying with all Federal Occupational Safety and Health Administration guidlines, including those that require the ingredients of cosmetic preparations be available for employees |
| salon policies | the rules or regulations adopted by a salon to ensure that all clients and associates are being treated fairly and consistently |
| sole proprietor | individual owner of a salon |
| written agreements | documents such as a business plan, which is a written description of your business as you see it today, ans as you foresee it in the next five years |
