Weighing the Decisions: Should I Launch My Own Barber Shop or Continue Working?

As a dedicated barber who has been working in the industry since the age of 13, I find myself at a crossroads. Now 18 and fresh out of high school, I’ve poured a tremendous amount of time and effort into honing my craft. From performing countless free haircuts in my early teenage years to navigating an apprenticeship at 15 that refined my skills, I became a licensed barber at 16. This journey has not only equipped me with five years of practical experience but also allowed me to save a substantial $80,000.

Throughout high school, I managed my commitments by opting out of advanced classes, ensuring I could complete my studies during school hours. This decision has afforded me the freedom to pursue my passion while maintaining an impressive clientele, particularly within my local Muslim community, where I’m consistently booked about two weeks in advance.

Now that I stand on the brink of adulthood, I’m contemplating the future of my career. My father believes I’m in an excellent position to venture into entrepreneurship, especially with my savings and ongoing support from my family. However, I can’t shake the uncertainty of whether launching my own barber shop at such a young age is advisable.

Should I take the plunge into business ownership or continue in my current establishment for a few more years? By staying put, I could potentially earn more income and further solidify my reputation as a barber. This could also provide me with additional experience in running a shop under the guidance of those more seasoned in the industry.

As I consider my next steps, I’m reaching out for insights and advice. Balancing ambition with prudence is crucial, and I want to make the most informed choice possible. What path would you recommend? Should I seize this opportunity now or take additional time to learn and save before embarking on my entrepreneurial journey?