Drafting a business plan is the first step to opening your own shop. At a minimum, look in your phone book and count the number of barbershops and hair salons in your area.
Consider visiting the competition and reviewing how the shops are set-up.
Include supporting documents such as prior tax returns, proposed lease agreements, and copies of your license and certifications.
Based in Traverse City, Mich., George Lawrence has been writing professionally since 2009. An avid outdoorsman, Lawrence holds Bachelor of Arts degrees in both criminal justice and English from Michigan State University, as well as a Juris Doctor from the Thomas M.
Before getting started, you will need to attend barber school and obtain the necessary certification.
Business Plan For A Barber Shop Essays On Perseverance And Determination
Additionally, many states require barbers to log a certain number of training hours, ranging anywhere from 800-2,000 hours.Take steps to acquire the proper state-required licenses and certifications.If you are not already certified, but you still want to write the plan, discuss how you will get the licenses and how long it will take.Insurance is highly recommended for all business owners.If you hire employees, workers compensation insurance may be a legal requirement in your state.Deeply entrenched in history, barbershops are considered one of the most lucrative businesses in the world.Entrepreneurs who are willing to invest time and resources have the potential to expand their venture well beyond their primary location.Describe your business, the market, the competition, how you intend to staff the business and what insurance you need.Think about a name for your business, write a mission statement, discuss goals.This step will also require you to think about the equipment you need such as scissors, chairs, razors and sanitizing materials, and how much it will cost to purchase equipment.Think about your marketing strategies and how you will fund them.