Contemplating Entrepreneurship: Should I Start My Own Barber Shop?

As I stand at a crossroads in my career, I’m faced with a challenging yet exciting question: Is it the right time for me to launch my own barber shop? Allow me to share my journey and context to shed light on my dilemma.

At 18 years old, I’ve dedicated nearly my entire teenage life—since the age of 13—to honing my craft as a barber. My experience began with volunteer work, offering free haircuts to gain skill and confidence. By 15, I was fortunate enough to secure an apprenticeship where my innate talent was acknowledged, enabling me to correct the little quirks I had developed along the way. I earned my barbering license at 16, and through those early years, I managed to balance my professional responsibilities with school, opting to forgo advanced classes to ensure I could complete my academic work during school hours.

Now, having graduated and accumulated five years of hands-on experience, I find myself in a favorable position. With two years of steady income under my belt, I’ve managed to save approximately $80,000. My father believes that with this financial cushion and the ability to live at home for the time being, I’m poised to venture into entrepreneurship.

Furthermore, I’ve built a robust clientele, particularly within my local Muslim community, and I’m consistently booked two weeks in advance. The demand for my services is evident, which is a promising sign for a potential business.

However, uncertainty looms over me. Is it wise to make this leap at such a young age? Alternatively, should I consider remaining in my current shop for a couple more years to gain additional experience and financial security before diving into entrepreneurship? As I weigh my options, I can’t help but ponder the path that would best serve my career long-term.

In sharing my thoughts, I hope to gain insight from others who have faced similar crossroads in their professional lives. What advice do you have for a young entrepreneur on the verge of starting a business? Should I take the plunge now, or is patience the key? Your insights would be greatly appreciated as I navigate this pivotal moment in my career!