5 answers
Genevieve
Student
Rock Hill, South Carolina
1
Question
Updated
786 views
When should you start building your business? What age?
I'm only 15 but I want to open up my own little hair salon, but I don't know when I should start taking action.
5 answers
Melissa Sawyers
Project manager
4
Answers
Atlanta, Georgia
Updated
Melissa’s Answer
Hello!
Anytime is a great time to think about starting your business and business success can come at any age. I would start with the planning process at this point. How will you run your business? What would your proposed business hours be considering that you are also a full-time student? Would you have a physical location or would you have a mobile salon? These are just some of the questions to start brainstorming now.
You will also need the assistance of your parents or legal guardian based on your age if you start now. You will need help with setting up websites and business accounts and we need an adult to sign off on many contracts. Again, I would say this is the time to research and plan, and also refine your craft as a hairstylist. Research some salon owners in your local area and reach out to these business owners for advice once you have done some research. Set a plan and execute! Good luck!
Research
Network with salon owners in your local area
Develop a plan
Anytime is a great time to think about starting your business and business success can come at any age. I would start with the planning process at this point. How will you run your business? What would your proposed business hours be considering that you are also a full-time student? Would you have a physical location or would you have a mobile salon? These are just some of the questions to start brainstorming now.
You will also need the assistance of your parents or legal guardian based on your age if you start now. You will need help with setting up websites and business accounts and we need an adult to sign off on many contracts. Again, I would say this is the time to research and plan, and also refine your craft as a hairstylist. Research some salon owners in your local area and reach out to these business owners for advice once you have done some research. Set a plan and execute! Good luck!
Melissa recommends the following next steps:
Rebecca Tang
Banking
1860
Answers
Hong Kong
Updated
Rebecca’s Answer
Thank you for your question. I am glad to hear that you would like to be entrepreneur and you would like to own a hair salon.
Below are my suggestions :
1. Explore any hair design schools you can attend and what is the entry criteria.
2. Try to do part time job to be a junior in the hair salon.
3. Work in a hair salon after your graduation from hair design school. That can help you to understand how the business model of the hair salon and establish you people network.
4. Attend management or business course.
5. Start your business in small scale first.
Hope this helps! Good Luck!
Below are my suggestions :
1. Explore any hair design schools you can attend and what is the entry criteria.
2. Try to do part time job to be a junior in the hair salon.
3. Work in a hair salon after your graduation from hair design school. That can help you to understand how the business model of the hair salon and establish you people network.
4. Attend management or business course.
5. Start your business in small scale first.
Hope this helps! Good Luck!
David Loring
Attorney and project management
11
Answers
Seattle, Washington
Updated
David’s Answer
You've asked a great question and I've read the answers that you have already received. Honestly, I don't think I can add any specifics more important than what has been written. BUT, I think the essence of what these other people have said is that when or how old you are when you want to get started is not the biggest issue. The biggest issue is that whenever you decide to jump in, preparation is what will help you to succeed.
Building the foundation for your business, no matter what the business is, will be the most important thing you can do before working your tail off once the business is operating. So, getting the education or training that you'll need is critical. Understanding fully what it will take and what that will cost is critical. Planning financially so that you can survive for at least two years without a ton of business to pay all the bills will be critical.
I suspect that almost all of the advice that others have provided are concrete things to think about before you ever open your doors so that you have a network of mentors to help you with advice, the experience of having worked in your chosen field so that you know what to expect, an understanding of what you will need in the way of equipment, licensing, etc., so that you're in compliance with the rules and regulations of where you operate, and the financial ability to stay alive while you are growing your business until it can support itself and you.
Best of luck, work hard, do something you love and you're more likely to succeed.
Building the foundation for your business, no matter what the business is, will be the most important thing you can do before working your tail off once the business is operating. So, getting the education or training that you'll need is critical. Understanding fully what it will take and what that will cost is critical. Planning financially so that you can survive for at least two years without a ton of business to pay all the bills will be critical.
I suspect that almost all of the advice that others have provided are concrete things to think about before you ever open your doors so that you have a network of mentors to help you with advice, the experience of having worked in your chosen field so that you know what to expect, an understanding of what you will need in the way of equipment, licensing, etc., so that you're in compliance with the rules and regulations of where you operate, and the financial ability to stay alive while you are growing your business until it can support itself and you.
Best of luck, work hard, do something you love and you're more likely to succeed.
James Constantine Frangos
Consultant Dietitian & Software Developer since 1972 => Nutrition Education => Health & Longevity => Self-Actualization.
6342
Answers
Gold Coast, Queensland, Australia
Updated
James Constantine’s Answer
Hi Genevieve!
Guidelines for Embarking on Your Entrepreneurial Journey
Starting a business at a tender age can be thrilling and rewarding, yet it comes with its unique hurdles. There's no specific age that's deemed the perfect time to kickstart your business. However, several elements should be considered to determine if you're prepared for this adventure.
Passion and Enthusiasm
A vital element to ponder when launching a business is your enthusiasm and interest in the sector you wish to venture into. Your desire to establish a hair salon suggests a profound interest in the beauty and grooming sector. If you're enthusiastic about hairstyling and genuinely interested in managing a salon, this could be a positive sign that you're ready to start building your business.
Competencies and Understanding
Your skills and knowledge in the field are another critical factor. At 15, you might not have vast experience in business management or financial handling. However, this shouldn't discourage you from chasing your entrepreneurial dreams. Consider acquiring relevant skills through internships, part-time jobs, or online courses to build a strong foundation for starting and managing a hair salon.
Support Network
A robust support network can significantly influence your entrepreneurial journey. Seek advice from mentors, family, or friends with experience in entrepreneurship or the beauty sector. They can offer invaluable advice, support, and resources to help you overcome the challenges of starting a business at a young age.
Legal Aspects
Before plunging into entrepreneurship, it's crucial to comprehend the legal prerequisites for starting a business in your locality. This involves acquiring any required licenses or permits, understanding tax obligations, and adhering to regulations related to running a hair salon. Consulting with legal experts or local business organizations can help ensure you're on the right legal path.
Financial Readiness
Launching a business necessitates financial investment, so it's crucial to evaluate your financial readiness before diving in. Consider drafting a detailed business plan that outlines your startup costs, anticipated revenue, and expenses. Look into funding alternatives such as savings, loans, or grants that can help bankroll your hair salon venture.
Conclusion:
In sum, there's no specific age requirement for launching a business. What's most important is your passion, skills, support network, legal comprehension, and financial readiness. While initiating a hair salon at 15 may pose unique hurdles, with commitment and meticulous planning, you can transform your entrepreneurial dreams into reality.
Top 3 Credible References Used:
Entrepreneur: A premier publication offering insights and resources for entrepreneurs at all stages.
Small Business Administration (SBA): A government agency providing guidance on initiating and managing small businesses.
Forbes: A trusted source of business news and insights offering valuable information for budding entrepreneurs.
May God bless you!
JC.
Guidelines for Embarking on Your Entrepreneurial Journey
Starting a business at a tender age can be thrilling and rewarding, yet it comes with its unique hurdles. There's no specific age that's deemed the perfect time to kickstart your business. However, several elements should be considered to determine if you're prepared for this adventure.
Passion and Enthusiasm
A vital element to ponder when launching a business is your enthusiasm and interest in the sector you wish to venture into. Your desire to establish a hair salon suggests a profound interest in the beauty and grooming sector. If you're enthusiastic about hairstyling and genuinely interested in managing a salon, this could be a positive sign that you're ready to start building your business.
Competencies and Understanding
Your skills and knowledge in the field are another critical factor. At 15, you might not have vast experience in business management or financial handling. However, this shouldn't discourage you from chasing your entrepreneurial dreams. Consider acquiring relevant skills through internships, part-time jobs, or online courses to build a strong foundation for starting and managing a hair salon.
Support Network
A robust support network can significantly influence your entrepreneurial journey. Seek advice from mentors, family, or friends with experience in entrepreneurship or the beauty sector. They can offer invaluable advice, support, and resources to help you overcome the challenges of starting a business at a young age.
Legal Aspects
Before plunging into entrepreneurship, it's crucial to comprehend the legal prerequisites for starting a business in your locality. This involves acquiring any required licenses or permits, understanding tax obligations, and adhering to regulations related to running a hair salon. Consulting with legal experts or local business organizations can help ensure you're on the right legal path.
Financial Readiness
Launching a business necessitates financial investment, so it's crucial to evaluate your financial readiness before diving in. Consider drafting a detailed business plan that outlines your startup costs, anticipated revenue, and expenses. Look into funding alternatives such as savings, loans, or grants that can help bankroll your hair salon venture.
Conclusion:
In sum, there's no specific age requirement for launching a business. What's most important is your passion, skills, support network, legal comprehension, and financial readiness. While initiating a hair salon at 15 may pose unique hurdles, with commitment and meticulous planning, you can transform your entrepreneurial dreams into reality.
Top 3 Credible References Used:
Entrepreneur: A premier publication offering insights and resources for entrepreneurs at all stages.
Small Business Administration (SBA): A government agency providing guidance on initiating and managing small businesses.
Forbes: A trusted source of business news and insights offering valuable information for budding entrepreneurs.
May God bless you!
JC.
Hannah Wilson
5
Answers
Updated
Hannah’s Answer
There is no right or wrong age to start a business. If you do your research on the necessary steps and are able to fund it to begin with, then 15 is not too early. I would also suggest finding a mentor to go to for advice so that you do not feel so alone in the process, especially considering your age. The mentor can help you avoid some pitfalls/missteps that they may have gone through in business and may also be able to provide with some information/connections that you would not otherwise have.
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