10 Steps To a Better Barbering Business

The demand for good barbering services will always be strong. What's more, today words like a pedicure, manicure, and facial cleansing are becoming more common at barbering shops. These extra offerings make this line of business even more lucrative. If you have the skills and experience to deliver quality barbering services, or if you can hire a team to do so (with you as the financier), opening your own barbering shop may be a business tailor-made for you.

• Find a convenient location

Like any other service business, location is a key factor to consider when setting up a barbershop, particularly if you want to encourage walk-in business. You need to look for a place that is strategically located and easy to access. A corner shop or an intersection where the human traffic is high is the most convenient location for setting up a barbering shop.

• Obtain a business license

Research the local statutes and legal requirements for running a barbering shop enterprise. These include the minimum shop equipment requirements, shop size requirements, tools, lighting, and plumbing. Your local chamber of commerce may be of assistance in helping you get this information.

• Draw up a budget for the start-up and operational costs

Start-up costs will range from the cost of leasing a shop space to capital for purchasing necessary equipment, materials, and supplies that you need. Determine the source for this funding, such as personal savings or a business loan.

• Obtain a sales tax ID

This will enable you to purchase supplies and materials wholesale. Shop the different wholesale suppliers and compare the prices and discounts that each offers to determine the most economical one for your shop.

• Brainstorm

Brainstorm the different methods you can use to market your barbering shop services and build a client base. This can range from postcards offering coupons for first-time customers to launching a Website for your barbering shop.

• Familiarize and compare

Visit other barbering shops in the area to see what kind of services they offer. Check out the prices that are charged. Determine how you can distinguish yourself from your competition. For example, you could offer free coffee and nibbles or an offer for a free haircut once a customer gets 10 haircuts.

• Be professional

Remember that no one ever forgets a bad haircut. Make sure that you have the skill and experience to deliver quality service. If you personally don't, hire barbers who do. Focus on managing the business side of the barbering shop.

• Write a business plan

Write a business plan that takes into account all the research and planning that you conducted in each of the above steps. A business plan is important to keep your business on track, and it is also necessary if you seek a business loan.

• Implement your plan

Implement your business plan and open your barbershop. Put an emphasis on client service, particularly in maintaining a calendar of appointments. Double bookings or taking in more clients than you can handle will not be taken kindly.

• Expand your shop

Consult with the Small Business Administration in your country to find out if you qualify for any grants or loans that the organization can help you with.