Business tips to start a hair store

Why do you want to start your own hair business?

When you try to answer this question, do not only think of the hair you can buy and sell, or the money you will earn, or how proud your mother will be. The best business tip to start a hair store are related to yourself. You as a person. You as entrepreneur of a hair store, online or brick-and mortar should have the right skills and the right traits. Next to your character, you must take some action to position yourself as store owner.

Entrepreneur characteristics to run a hair store

When you want to start as entrepreneur your own hair store, the following traits, because these have a positive influence on being a successful entrepreneur. I added a short explanation for each trait and please when you doubt google or check a professional about the meaning and how this relates to you.

How about:

extroversion

You are outgoing and you direct attention to things other than yourself. It’s characterized by sociability, assertiveness, talkativeness, and excitability. You seek out social stimulation and love to engage with others

conscientiousness

when you have the desire to do a task well, and to take obligations to others seriously. You tend to be efficient and organized instead of easy-going and disorderly

agreeableness

you are a kind, sympathetic, cooperative, warm, and considerate person

emotional stability

you can withstand difficult situations, handle adversity, and remain productive and capable throughout

openness

when you tend to be intellectually curious, creative, and imaginative, you are always trying something new

higher risk preferences

when you are willing to risk losing money, to get potentially better results

For a hair store, where the goal is to make others look and feel good, a soft skill like agreeableness is very important. You need to be able to listen. Extraversion is also important for running a hair business because you might visit all salons in your town to offer them a referral deal, or you need to feel relaxed enough for a photoshoot or short movie, to promote your brand.

Thanks to a survey conducted by the Max Planck Institute for Human Development in Berlin we know you should pay less attention to your own abilities and aspirations, and more attention to the external realities of competition in the marketplace. Startups and entrepreneurs tend to feel overconfident. Importantly, this survey also confirmed gender plays a role, and men are riskier than women.

What to do next?

You can decide for yourself, but you can also ask a family member, your partner or best friend to give a full 360 of you. Be aware, openness and emotional stability are good characteristics for an entrepreneur, so accept the view others share with you.

Of course, the outcome does not have to be a definitive Go or No Go to continue with your dream, your own hair store, but see how you can adapt your behavior towards the more entrepreneur favorable characteristics.

What are the 6 necessary skills for one to be successful in the hair business?

Please read the 6 necessary skills to be successful in the hair business. If you have a day time job, you might be dreaming of being your own boss. But there are some skills you need to have, or you need to train yourself to be successful.

One Finish what you start

What kind of person are you? Do you have a million ideas but hardly finalize what you started? You cannot start a business initiative and leave it on the shelf before it is ready. Being your own boss, means hard work, even if there is nobody to tell you to finish your work.

Two Be able to sell

If you are your own boss you have to sell everything, every day. There is no hierarchy between you and the customers, the market or your suppliers. Instead of giving an order, you now have to find ways to convince others to not only be interested in your ideas, suggestions, products, visions. But also to make them pay for it. Thus be able to show you believe in what you offer.

Three Be a top communicator

At school they teach you to do math, to read or about the history of your country or people. But did they teach you how to communicate? Did you had lessons in listening well to other people? One of the necessary skills to be a successful entrepreneur is to communicate like no other person. The biggest difference between us, a s human beings and animals is our ability to communicate. But we are so bad in it. If we talk to another person, how many times you notice you are preparing your own answer, instead of listening to the fear, excitement or needs of the other person? It’s so difficult to tell what the other exactly told you, just because you were not listening.

You need to listen to your clients, to be able to support them with their needs and not what you want to sell. 

Four Master your time?

Life is full of making decisions, and being your own boss is not different. Of course you need to think through any action you plan to execute. But if it takes you ages before you come to a decision, only because you prefer to have 100% certainty, it will not work.

Not only will you never find 100% certainty, there is always the risk it will not work out the way you planned. You will also lose too much time in planning and thinking about all the alternatives. Time, more than money is scarce if you run your own business. Treat it like gold and do not waste it.

Next to being able to take decisions you also need to be able to plan your days and weeks. Good time management will make you successful in everything you do.

Five Be the boss

You are in charge, and you are the one who will make the final decision. Are you going to expand, are you going to buy this hair or hair from another supplier. If you do not have the courage to be the boss, it will never work. As mentioned before, you need to make decisions, even if there is no certainty. Do you have this courage?

Six, Learn from your mistakes and success

You need to learn, from everything that comes on your path. Learn from everything that comes on your path. Plan time in your busy agenda to learn new things, to analyze new trends in your industry and do not forget to learn from unhappy clients! They will tell you exactly what you can improve.