HOW TO START A PROFITABLE BARBER SHOP
HOW TO START A PROFITABLE BARBER SHOP
 

What Is A Barber Shop

  A barbershop is a place that offers haircuts to men as its primary service. Since the early BC's the barber's shop has been in existence and has always been a place for people to gather around and talk about their day to day activities and escapades. In this recent century, barber shops don't just give haircuts to just men, they now also offer to groom and shave services to men,  boys and also give different hair cuts to women.   

How To Start A Barber Shop

Starting a barbershop is indeed lucrative and a great way to increase one's earning capacity. How to start a barber shop is usually a search query popular amongst people that are skilled in barbing  and want to make money from it. Here are the necessary steps needed to start a profitable barbershop  

Step 1- Write Down Your Business Plan For Your Barber Shop

  A barbershop is a business and for that reason, it's supposed to have a feasible business plan. The business plan is a laid out plan containing the summary of how a business owner, manager, or entrepreneur intends to organize an entrepreneurial endeavour and implement activities necessary and sufficient for the venture to succeed. This business plan can be written by paid professionals or can be written down by the business owner if he/she has an idea of how the business should be run. Putting down a business plan is the very first and most important step to starting a barbershop.  

Step 2- Get The Necessary Licence For Your Barber Shop

  Just like medical practitioners, lawyers, engineers and all other practices, while starting a barbershop, you would need to get the necessary license a barbershop requires and these licenses vary from country to country. To be clear on which of the licences one should get for a barbershop, you should ask other barbershop owners around you.  

Step 3- Get A Good Location For Your Barber Shop

  For every business that would include a physical location, choosing that location is very paramount to the success of that business. A barbershop in a city with so many people around, in a location that other barbershops aren't located, would do so well due to less competition by other barbershops and also even though there are other barber shops around and with a high population of people living around there too, a new barbershop can also thrive as long as the business owner and his employees are well skilled in barbing.  

Step 4- Register Your Barber Shop For Taxes

  Registration of a barbershop for taxes depends on the country where that barbershop is located. Due to the varying taxes, one would be mandated to pay, it would be better to ask the necessary authorities for the necessary taxes to be paid.  

Step 5- Create Business Bank Accounts For Your Barber Shop

  For your barbershop to be able to access funds, grants or loans, you need to have a business account. Not just to get access to funds but also to be able to manage and track all the money that comes from your business. One great advantage a business bank account has is that it can be used to manage your business finance and also access to credit cards and other facilities to aid seamless transactions in your business.  

Step 6- Define Your Business

  At this stage, you would want to define the kind of clients and the services you want to offer. Cutting, shaving, grooming, curls and all the other services you would want to incorporate in your barbershop. Some other barber shops also add services like manicures and pedicures to their business routine. Also, you should set the different prices for the different services rendered.  

Step 7- Start Marketing Your Barber Shop

  Marketing doesn't start when the business is already up, marketing your barbershop should start the moment you are sure about starting a barbershop. From word of mouth to your neighbours, families, friends because they will patronise you first to signposts, hypes, jingles, social media e.t.c When you first choose a name to call your barbershop, you need to first reserve the names on social media by creating accounts using the name on social media even though you won't start posting immediately. But for more active results, it is better to start social media hype, post about different things about the opening of your barbershop, hair care and other related posts with relevant hashtags to keep the audience glued to your business. You would also need to create a website to help your customers book your service online. You can get started by buying a domain name and hosting here  How to start a profitable barber shop

Step 8- Stack Up Your Barber Shop

  At this stage, you should stack up against your barber shop with items like 
  • Large mirrors
  • Towel sterilizers
  • Strips 
  • Clippers
  • Spinning Chairs for barbing 
  • Proper lighting 
  • Shaving gels 
  • Methylated spirit
  • Creams and lotions for hair treatment
  Once the items in your barbershop are ready, it's time to start accepting walk-in customers to your barbershop.  

Who Is Your Target Market For Your Barber Shop?

  According to the services you offer and the prices you have set, you will be able to determine your target market easily.  In your business plan, your target market would first be a wide range until your prices have been set. For a barbershop, the target market is mostly male kids from age 1- 70 years who love to have nice hair cuts and also females in their late 20's to 40's who love to keep their hair low.  

What Is A Typical Day For A Barber

  In a Barbershop, a typical day would be filled with staff at a barbershop, cutting, shaving, grooming, dyeing hairs and doing other services that the barbershop offers.  

Is Owning A Barber Shop Profitable?

Yes A barbershop is very profitable.  Aside from the utility bills and rent, every other money made is to be kept by the owner of the barbershop as profit and also to pay the barbers working for him.  

How Can I Make My Barber Shop Get More Customers

You can attract more customers to your barbershop by giving out free items, Free WiFi, discount for referrals, discount for online bookings, entertainment e.t.c How to start a profitable barber shop

How Many Haircuts Does A Barber Do A Day?

  A barber can do as low as 1 hair cut per day to as many as 20 haircuts and above as there are no limits to how many haircuts a barber can do a day.  The amount of customers a barbershop gets per day depends on the location of that particular barbershop and how much marketing is done for the business. Also, there tend to be more customers during the weekend than on weekdays because a lot of people have to be at work or in school during the weekdays, but during the weekends, they get enough time to take care of themselves.

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