Across
- 3. The loss or reduction of the value of an asset over time
- 5. All the money you owe; any outstanding balances on your assets.
- 7. A specific target, a benchmark of achievement that can be attained within a specific time frame.
- 9. Payments received from clients for services and retail products purchased.
- 12. Clients sent to the professional by friends and family recommending their services.
- 14. Means of telling the public about your business
- 17. Occurs when the salon income is more than the cost of doing business.
- 18. The process of building professional relationships that can give you access to opportunities for career advancement and continuing education.
- 20. A professional who gives advice on the legal obligations of a business ownership, borrowing money, signing rental agreements and assuming tax responsibilities.
- 24. Selling specialized and/or additional services to clients beyond what they had originally scheduled for that visit.
- 25. Money that leaves you, which you spend or pay out.
- 28. All property owned.
- 29. A brief, written account of your personal, educational and professional qualifications and experience.
- 31. The average amount spent on services and retail by a salon client during one visit.
- 35. The action of two or more people working cooperatively together to achieve a total effect that is greater than what could have been achieved individually.
- 36. Statistical characteristics of a certain population (such as age or income) used especially to identify markets.
- 37. A legal entity, separate from its shareholders, that is formed under legal guidelines.
- 38. A form of compensation paid to employees over and above their regular salaries or wages.
- 40. Refers to people who make habitual use of the services of another person.
- 42. Compensation system that guarantees a set income on a weekly or monthly basis.
- 43. Assets minus liabilities.
Down
- 1. Monthly rent that varies with the amount of income generated by a business; normally found in malls and larger shopping centers.
- 2. The atmosphere of one’s surroundings; the feeling of a place, its aura.
- 4. Written records of a business’s financial situation
- 6. An IRS term that can be applied to salon, spa or barbering professionals who rent or lease workstations from a building owner.
- 8. A business owned by one person who is in complete control of the business.
- 10. A drawing or blueprint depicting the various areas, fixtures and operations of the salon, spa or barbershop.
- 11. Part of a business plan that states the purpose of a company or business; a vision, which is supported by a set of values or code of conduct.
- 13. A trainee who is assigned to an experienced professional until completely familiar with the procedures and practices of the business.
- 15. A procedure to ensure that products are accounted for from the time they are brought into the salon until they are sold or used.
- 16. Outline of the employee’s duties and responsibilities in a salon, spa, barbershop.
- 19. Pareto’s principle; a scientific principle that describes a consistent, universal pattern of distribution.
- 21. The act of making a future appointment for a client after their present service is complete.
- 22. A card listing vital information about a salon, spa, or barbershop and its employees; given to current and potential clients to promote business.
- 23. A business owned by one or more persons; an entity that combines the characteristics of a corporation and a partnership or sole proprietorship.
- 26. the salon/spa owner’s responsibilities in reference to following all local, state/province and federal rules, regulations and laws.
- 27. A process that helps a professional understand exactly what client expects from their visit.
- 30. Five criteria to help keep you focused and on track with goals; aspects are specific, measurable, achievable, realistic and timely.
- 32. A percentage of the income the individual salon, spa or barbershop professional receives from client services and retail sales.
- 33. An operating agreement in which a fee is paid to a parent corporation in exchange for fixtures, promotion, advertising, education and management techniques.
- 34. Salaries or commissions for employees and salon/spa owners, including payroll taxes; the largest cost for salon/spas.
- 39. a rental agreement; when you promise to pay rent and use the property according to an agreement with the lessor.
- 41. Business owned by two or more persons.