TIPS ON RUNNING A SUCCESSFUL BARBERSHOP

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Barber shop business is one that is needed because at some point everyone will need a haircut.  Barbers basically mimic current popular trends hence the business develops as society changes. Here are tips on running a successful barber shop business.

Obtain the necessary licenses. This permit allows a business to operate a barber shop establishment. One can get the trading license from the county government. Costs vary in different regions.

Calculate the costs. Capital is a key factor when starting a business. The cost will vary depending on the services you provide, purchasing equipment and facilities, the number of employees you will have and cost of renting a storefront. Calculate the total budget that you will need and add an extra 20 percent to the budget in case of any inflations or miscellaneous expenses.

Write a business plan. Creating a business plan sets you apart from everyone else. It is important in estimating your costs, growth projections, loss speculation and also how to set your rates. Ensure you stick to the business plan, always! A business plan will also assist when it comes seeking corporate funding or loans from banks.

Find a good location. Location is key when it comes to accessibility, marketing and customer convenience. Find a place near the shopping Centre or somewhere frequented by your potential customers. This will make it easier for clients to access your services after work or when coming or going to the shop.

Purchase the necessary equipment. The equipment should be up-to-date since most clients nowadays like to be associated with the latest trends in the market.

Find ways to stand out. Your uniqueness will give you a higher rating compared to other mediocre barber shops. Research about other barber shops to understand what is working for them and what is not.

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Market your business and start operations. For a successful barber shop market strategy is very important. Have a strong online presence and interact with your clients.

Provide a community atmosphere. People go to barber shops for other reasons apart from a haircut. Your establishment should make everyone feel welcomed.

For more information on the grind grab a copy of The Outsyder in The Nairobian every Friday.

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