The Beauty Business

2. policies policies that even small shops and booth renters should adhere to and that ensure that all clients and employees are treated fairly and consistently
6. description of the key strategic influences of the business, market it will service, kinds of services it will offer, and quality of those services
10. ownership structure controlled by one or more stockholders
11. essential set of benchmarks that, once achieved, help you to realize your mission and your vision
14. written description of your business as you see it today and as you foresee it in the next 5 years
16. individual owner and, most often, the manager of the business, who determines policies and has the last say in decision making, as well as assumes expenses, receives profits, and bears all losses
17. long-term picture of what the business is to become and what it will look like when it gets there
18. encompasses promotional efforts that are paid for and are directly intended to increase business
19. projected financial statements, actual statements, and financial statement analysis
20. time period, you may want to move from being a working beauty professional into a full-time manager of the overall business and begin planning for your eventual retirement

1. guarantees protection against financial loss from malpractice, property liability, fire, burglary and theft, and business interruption
3. owner's resume, personal financial information, legal contracts, and any other agreements
4. outline of all of the research obtained regarding the clients your business will target and their needs, wants, and habits
5. outline of employee and management levels and a description of how the business will run administratively
7. money to invest in a business
8. could take a year or more to determine and complete all of the aspects of starting the business
9. adding additional services
12. selling take-home or maintenance products
13. summary of your plan and list of your objectives
15. booth rental is legal in all states except