If you’re in the hairstyling business, one of the most frustrating aspects of being an employee or running your owner’s business is that your clientele level can depend on the venue owner’s professionalism
If you believe you can do a better job and dream of starting a barber business and attracting more customers, maybe it’s time to put your theory to the test.
A store’s management needs commitment, time and resources, sound leadership skills, and good business sense. Determine what resources you provide, depending on your former employers or local competition resources.
If you’re already in the industry, one of the biggest feedback sources is your current clientele – ask them what changes or services they’d like to see implemented. Determine whether you will open a joint store or offer additional services such as pedicures, manicures, waxing, and shiny shoes. Before starting our guide, I want to recommend the portal’s section dedicated to creating many other work activities.
To start your barber business in the best possible way, you will need to follow these fundamental steps in particular:
Build a business plan
Develop a barber shop business plan that details operational costs, start-up costs, advertising costs, staff needs, type of clientele, and competing strategies.
Think about the costs
Create a competitive price list to determine what kind of profits you can expect and how much you can spend on your rent. In general, the rent should not exceed 10% of the anticipated gross revenue.
Review potential positions for your business
Moving to a location that has already been zoned for barbering will significantly reduce your workload and eliminate the need for building permits or zoning approval. Look for a location in a shopping mall or near other businesses that your clientele frequent.
Contact a broker
Contact a trading broker to show you job opportunities. Try to research your broker thoroughly and make sure he understands your business needs.
Hire a lawyer and an accountant
Hire an attorney to review lease details, such as the owner’s responsibility for repairs, expansion potential, lease termination clauses, and what happens if an adjacent business relocates. Hire an accountant to learn about the tax requirements for hiring an independent contractor or employee.
Therefore, you must plan your shop examination, buy salon insurance, furnish your establishment with proper appliances, materials and cleaning materials, and fulfil all public protection, licencing and hygiene standards to conduct a barber company with full regard for safety and hygiene. Call the health office to carry out an examination.
How to start a barber business: requirements
Before starting the barber business, you will have to attend a two-year training course to obtain the necessary certification and obtain the qualification for the specific profession and therefore be able to better satisfy your future customers by cutting hair and beards at I can’t anymore. A year of specialization and an apprenticeship or at least three years of work placement in a hairdressing salon are required to follow.
This career is highly interactive, so you have to communicate with consumers from all perspectives, listening is just as critical as talking. Not only that, you must strive to follow the new hair and bar modes by taking refresher courses or by scrutinizing magazines or websites in the field.
As an owner, a strong business sense is extremely helpful. You may want to consider taking a business course or hiring a consultant.
Barbershop owners are required to license their barbershop.
The shop license certifies that the barber meets the requirements for carrying out the activities: a state representative completes the inspection, and the permit is issued when the shop passes the inspection.
Subsequently, it will be possible to open the VAT number (at the competent Revenue Agency ), register with the Chamber of Commerce and the Business Register.
Obtaining a commercial license may be easier than you think and typically involves filling out a one or two page template.
Before applying for the business license, you need to know the type of business you are forming. Whether you are forming a sole proprietorship or another type of company, it is advisable to contact an accountant who will guide you towards the best solution for your needs.
You may also need to hire an accountant to streamline your business – to properly meet tax burdens, you will need to keep records of all your sales and rental receipts/invoices, product orders, and other business expenses.
All new business owners must obtain an employer identification number or tax identification number in order to submit tax returns.
Barbers who intend to hire and pay employees require an employer identification number, but those who intend to operate without employees can use a Social Security number.
Another step not to be overlooked is company insurance.
To start the barber business, it is, in fact, necessary to ensure commercial activities.
General Liability Insurance protects the barber from damage caused by unforeseen events and damage claims.
The business owner’s insurance policy is designed around the barber’s needs to ensure adequate protection.
In addition to having adequate insurance, to start a barber business, you will be legally obliged to ensure the welfare of employees and customers alike, so before starting your business, you should carry out a thorough risk assessment of the premises, draw up a policy for all parties involved in the business to join and make sure you can provide more than the minimum standards in comfort and cleanliness.