Entrepreneurship in Cosmetology

Write down 03 short notes selected from following topics.

Question

a) Labour Management b) Sourcing funds to a new business c) Marketing and Sales of a Salon d) Hiring and development of Human Resources e) Suitability of a business

COLLEGE, Cosmetology, Entrepreneurship in Cosmetology, NTA Level 6 1 year 0 Answers 6 views Enlightened

Of the many functions in business, there are three basic functions; operations, marketing and finance/accounting.

Question

The integration of these functions creates a better opportunity to achieving common organizational goals. However, considering operations as a central function in a business environment influences the management of the entire business in an organization such as a beauty salon ...

COLLEGE, Cosmetology, Entrepreneurship in Cosmetology, NTA Level 6 1 year 0 Answers 7 views Enlightened

No matter what type of business you intend to run, however, a well-thought-out business proposal is a good safeguard to have in place.

Question

a) Briefly explain the term - Business Proposal b) Imagine you are planning to start a new Salon in your area. Currently you are facing financial issues to raise the start-up capital. Prepare a structure of business proposal to submit for ...

COLLEGE, Cosmetology, Entrepreneurship in Cosmetology, NTA Level 6 1 year 0 Answers 10 views Enlightened

Every month, more than 5000 people in Sri Lanka start a business, which is a trend that’s been rising for three years in a row. For new businesses there are some statuary requirement to be fulfilled.

Question

a) Identify 3 main documents required when you are registering a sole proprietorship business in your local area. b) Draft a suggested fixed assets list for a small scale beauty salon. c) Ambience of a beauty salon determines the quality of the ...

COLLEGE, Cosmetology, Entrepreneurship in Cosmetology, NTA Level 6 1 year 0 Answers 7 views Enlightened

Data required for a feasibility study can be obtained from either primary or secondary sources. The reliability and the best estimate of these data will ensure the effectiveness of the feasibility study.

Question

a) Differentiate the terms primary data and secondary data. b) A feasibility study is different from a business plan. But there is an interconnected relationship between a business plan and a feasibility study. Comment on the statement. c) Identify any 5 sections ...

COLLEGE, Cosmetology, Entrepreneurship in Cosmetology, NTA Level 6 1 year 0 Answers 12 views Enlightened

Entrepreneurs face many challenges when opening up new ventures and businesses. Although the business plan is one of the most well-known documents, the feasibility study may be just as important. Before the entrepreneur starts seeking funding, he or she must demonstrate that the idea is truly a good one.

Question

a) Explain what is meant by a Feasibility Study b) Identify 5 reasons why you should conduct a feasibility study before starting a new business c) A feasibility study of an idea is conducted at three levels. Identify each level. d) State two ...

COLLEGE, Cosmetology, Entrepreneurship in Cosmetology, NTA Level 6 1 year 0 Answers 28 views Enlightened

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