Should I Start My Own Barber Shop? A Young Professional’s Dilemma

As an aspiring entrepreneur in the barbering industry, I find myself at a crossroads. Having dedicated five years to honing my craft—starting work at just 13 years old—I now face the question of whether it’s time to take the plunge and start my own business.

My journey began with countless free haircuts, transitioning to a formal apprenticeship at 15 where I was pleasantly surprised to receive recognition for my skills. This mentorship helped me refine my techniques and eliminate some early missteps. By the time I turned 16, I earned my barber license, and since then, I have worked diligently, clocking in 45 hours a week even while juggling high school.

Now that I have graduated and accumulated valuable experience, I’m contemplating opening my own barber shop. My father believes that with $80,000 in savings and the ability to live at home, I am well-positioned to embark on this new venture. Additionally, I’ve established a solid client base, particularly within my local Muslim community, and typically book appointments about two weeks in advance. This leads me to believe that attracting customers wouldn’t be a challenge.

However, I can’t shake the feeling of uncertainty. Am I really ready to take this step at just 18 years old? Would it be wiser to continue working at my current shop for a couple more years to gain additional experience and savings?

As I weigh my options, I am seeking guidance. Whether to dive into entrepreneurship now or to postpone my dream for the sake of greater financial security is a significant decision. If you’ve faced similar crossroads in your career, I would love to hear your thoughts and any advice you may have. Should I embrace the risk of starting my own shop, or is it best to play it safe a little longer?