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Barber Shop Business Plan

Barber Shop Business

Starting your own barber shop business can be a great way for you to achieve financial independence and follow your dreams.  Maybe you have been working as an employee in a barber shop business and have always wanted to open your own barber shop. 

Maybe you have never worked in a barber shop but have always thought you would enjoy running such a business.  Whatever the case, there are many things you will want to consider before you swing open the doors of your new barber shop business.

Will You Cut Hair Yourself Or Have Others do it?

One of the first things you will want to consider is whether you will to the haircuts yourself or if you will hire one or more employees for your barber shop business.

The Required Licenses And Certifications

Remember that most states license hairdressers, so you will want to make sure you check the licensing laws of your location.  Make sure any employees you hire have all the required licenses and certifications. 

Likewise, if you plan to do the work yourself, make sure you have all the licenses you need and that all your certifications are up to date.

Location Is Paramount

One of the most important considerations for your new barber shop business is its location.  As any barber can tell you, location is paramount. 

You are asking the public to patronize your barber shop business, so you will want to make it convenient for them to get there and convenient for them to park once they arrive there. 

You may want to rent some empty space in your local shopping mall or plaza. 

This approach guarantees that the location will be convenient and that ample parking will be available for your customers. If no space is available at the local mall, or if that space is outside your budget, you may be able to find appropriate space in your city's downtown district. 

This approach has both advantages and disadvantages.  One advantage is that you can cater to the many employees who work downtown.  Local employees can come to your barber shop business on their lunch hour and still have time to get back to work on time. 

On the other hand, locating your barber shop business downtown can mean limited parking for your business. 

Parking is often limited in downtown areas and the spaces that are available are metered.  Locating downtown can also limit the hours you are open. 

Many city downtowns are busy during the day when people are working and rather deserted in the evenings.  Of course, this is not true of every downtown.  Most major cities have excellent nightlife.  You will have to research your potential location carefully to make sure it meets your needs.

You will also need to cover the startup costs of your new barber shop business.  It will take awhile for your barber shop business to become profitable.  You will want to make sure you have sufficient cash on hand to see you through until your barber shop business starts generating positive cash flow. 

If you do not think you will have sufficient cash on hand, look into getting a small business loan or applying for a government grant.  There are many government grants available to help start up businesses.  Look into these loans and grants to give your new barber shop business the best possible chance of success.

Creating A Detailed Business Plan

Creating a business plan will ultimately help your business with the direction you plan on taking it to.

It is vital to start planning your barber shop business by creating a detailed business plan.  Take some time, sit down and write up a business plan. 

Having such a plan is essential to tax planning, business startup and obtaining financial backing for your new business.

How To Write A Business Plan… Made Easy

Planning… Planning will help you to keep everything in proper perspective, because without a step by step business plan, there is no way you can keep your business running successfully.

The Help You Need With Writing Your Business Plan that is broken down so that anyone can do it. Find Out More...

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