Company Description - a section of a business plan that records how the salon attempts to satisfy the needs of its target market, Consumption Supplies - supplies used in salon on a daily basis, such as gloves, Executive Summary - a section of a business plan that included the salon's mission statement and descriptions of the owners, investors, services to be provided, and anticipated target market , Funding Request - a section of a business plan that records the anticipated costs of initial setup, daily operations, and maintenance, Independent Salons - usually owned by a professional cosmetologist and operated by a small staff. These, salons, while typically smaller than corporate stores, are completely in control of their services and clientele , Insurance Agents - professionals who create a set of insurance plans that protect your business against physical damage, accidents, and industry-specific risks., Market Analysis - a section of a business plan that includes an analysis of the target market, types of advertising that could impact the market, and competitors' strengths and weaknesses , National Salon Chain - corporate-owned, probably with nationwide locations. These salons typically have larger budgets, employ more cosmetologists, and have their own management teams, Salary Commission - a pay plan that combines the stability of a guaranteed salary with the benefits of performance-based commission,

Employability and Salon Ownership Vocabulary PT 3

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