Recent Barber School Graduate
This barber was a recent graduate from a good barber school and unable to earn a living while establishing himself and growing his customer base.
2. Reasons for Problem
He said there two primary reasons for the problem; 1) As a recent barber school graduate, he had NO regular customers and 2) The only barber willing to employ him charged him $200 per week to rent the 3rd chair in a slow barber shop.
3. What Was Needed to Solve Problem
The new barber said he needed some way to offer his hair-cutting services in a high-traffic, retail location that would NOT cost him more than $100 per week.
4. What We Provided
We helped him write a business plan. The plan helped him get a business loan to purchase a Barber Stop. The monthly payment for his shop is approximately $400 per month or $100 per week.
We also helped the new barber identify a high-traffic retail location and a company that was willing to let him use a small amount of space inside the store, rent-free.
Within 3 months of opening his Barber Stop, the barber was earning slightly more than $50,000 per year and building a large following of happy haircut customers.
By the end of the 1st year in business, the barber says his Barber Stop will be paid for and he will be earning just under $75,000 per year.