IBISWorld research suggests there are 105,805 barber shops in the U.S. in 2023. It’s a competitive industry and to survive your first year in business, you need to get started in the right way.
Starting your own barber shop can be a fulfilling and exciting experience, but it can also be a bit overwhelming. Just like any business, there are so many things to consider.
If you’re thinking of opening your own barber shop in 2023, here are four essential tips to help you get started. Read on to start your barber shop business the right way.
1. Develop a Comprehensive Business Plan
A business plan is a crucial element for any startup, and it’s especially important for opening your own barber shop. Your business plan should detail your financial projections, target audience, marketing strategy, and operational plan.
This includes how you will finance the business, what services you will offer, and how you will price them. It should also include a marketing plan outlining how you will reach and attract customers, as well as an operational plan outlining how you will manage the day-to-day operations of the business.
Having a well-thought-out business plan will help you stay on track and make informed decisions as you get your business up and running.
2. Obtain the Necessary Licenses and Permits
Before you can open your barber shop, you’ll need to get the appropriate licenses and permits. These will vary depending on your location, but you’ll likely need a business license and possibly a special license or permit for barbering services.
Make sure you fully understand the requirements and obtain everything you need before opening your doors. This includes any zoning permits or health department inspections that may be required. Failing to get the proper licenses and permits can result in fines and even the closure of your business.
3. Choose the Right Location
The location of your barber shop can greatly impact its success. Look for a spot that is easily accessible and visible, with plenty of foot or car traffic.
You’ll also want to consider the rent, the size of the space, and any potential competition in the area. Consider the demographics of the area and whether they align with your target audience. It’s also a good idea to visit the location at different times of the day to see the level of foot and car traffic.
4. Invest in Top-Quality Equipment and Products
As a barber, the quality of your equipment and products will be essential to your success. Invest in high-quality barber chairs, mirrors, and other equipment that will make your shop look professional and make your job easier.
Choose durable and reliable equipment that will stand the test of time. You’ll also want to invest in top-quality products like haircare, shaving, and skin care products to offer your customers.
These products should be of a high caliber and preferred by your target audience. Not only will this help you provide excellent services to your customers, but it will also help you stand out from the competition.
Open a Barber Shop With Confidence
Starting your own barber shop can be a challenging but rewarding journey. By getting a business plan, licenses and permits, the right location, and top-quality equipment, you can set yourself up for success and create a thriving business.
If you haven’t trained yet to become a barber, at Bucker Barber School we offer numerous professional barber programs you can take. Here’s our Class A Barber Program, for example.