01 Aug 2018
Starting your very own business can be an exciting experience. Saving a failing one can even be more satisfying. While it’s never any entrepreneur’s dream that their business will struggle someday, it happens. The steps you take afterwards determine the trajectory of the enterprise. If your barbershop is currently going through a rough patch, here are smart ways to guide it back to profitability.
Assess Your Operations
Ultimately, what causes a business to struggle is how it’s operating. If the wheels of your barbershop are no longer working, then the entire business is a lost cause. Perhaps your brand is no longer delivering. Maybe it’s time to improve customer service by revamping your equipment. In that case, put some money in high-quality equipment, from professional hair scissors to comfortable furniture.
Focus on the People
Sometimes, the reason why a once-successful barbershop is going through difficulty has to do with the people involved in the business, not the financing. Could it be that something broke along the way, and now’s there’s a disconnect between your concept and what your employees are doing? Look for signs of laziness, entitlement or complacency. Find ways to eliminate these business killers.
Look for Quick Fixes
When your barbershop is struggling, you should look for the quickest ways to remedy the situation before it’s too late. Now is the time to find new sources of revenue. Talk to your big suppliers and request their support. They want you to succeed and will do anything to help, including extending credit to feed your recovery and expansion. If you need to downsize for the time being, then do so promptly.
You started your business with a vision, and you owe it to yourself to achieve that vision. Regardless of the struggle, you can still guide your barbershop back to success if you act with ingenuity and foresight.
06 Apr 2018
There is good reason to invest in the hairstyling business, according to statistics available from the United States Department of Labor. Available data from the department indicate an employment growth projection of 13% between 2016 and 2026.
This rate is faster than the average for all other occupations without factoring in the expected increase in demand from population growth. In 2016 alone, there were 673,700 barbers, hairdressers, and cosmetologists in the United States.
In summary, there is a tremendous opportunity for anyone turning a hairstyling hobby into a profession especially as the median hourly wage for barbers was $12.38 in May 2016.
As with many other occupations, state licensing is also a requirement and graduation from a state-approved barber then licensure subject to passing a state examination. Having passed the exam, setting up the business is a major step and purchase of the right equipment is critical to success.
Here are three important styling equipment to purchase.
A professional barber cannot do without electric clippers, and in North America, customers will expect no less. Whether the barber decides to buy cordless or corded types, getting Wahl clippers for sale is easy all over the United States.
Again, the clipper could be made from stainless steel or ceramic, and each has its advantages and disadvantages. Peculiar circumstances and needs will determine the choice.
Scissors and Shears
As much as many men prefer to have their hair cut with clippers, some still insist on using scissors. Actually, scissors and shears are traditionally mandatory tools for any barber. While the former is useful in cutting long and short hair, the latter is a lot sharper and valuable in making sharp and clean cuts.
This type of razor is typically for the barbershop and not the regular domestic use. Its durability and solid build make it appropriate for barbers as daily use will not quickly wear it out.
The current and anticipated growth in the occupation will provide even more opportunities as changing masculine lifestyles now encourages haircutting, beard trimming, hairstyling, and shampooing, among others. There is obviously more to come.