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Nairaland Forum / Nairaland / General / Career / Is Opening A Barber's Shop A Worst Investment? Share your experiences (219 Views)
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Is Opening A Barber's Shop A Worst Investment? Share your experiences by chatinent: 3:39pm On Jul 23 |
Not me personally but my friend who opened a saloon with approximately ₦6m (interior designs and equipment) has just sold it for a meagre ₦1.1m. His experience: the barbers he employed are inconsistent and not truthful. After employment, they give notice of Jamb admissions and leave or relocation. One of them went a street close to his and opened his own saloon, roping in the fewer customers gathered over the year. It also proved the fact customer loyalty are to barbers not even the shop. I once considered investing in it but after his experience, I am scared. How can you prolly invest with a capital of ₦6m and sell ₦1.1? You'd think he met bad buyers. But the truth is that every buyer was pricing within this range. I watched a guy online also talking about this issue and it's true. What's your say? cc: mynd44 Nlfpmod
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Re: Is Opening A Barber's Shop A Worst Investment? Share your experiences by chatinent: 3:40pm On Jul 23 |
Share your experiences ✌️ |
Re: Is Opening A Barber's Shop A Worst Investment? Share your experiences by XOGBADO(m): 4:00pm On Jul 23 |
From experience, any business you won't be actively involved has a 70 percent chance of failing. 4 Likes 1 Share |
Re: Is Opening A Barber's Shop A Worst Investment? Share your experiences by sleek214(m): 4:20pm On Jul 23 |
Your friend does not know what is called Business Management.... There's Johnny Barbers and GMG in Abuja. He should go and learn how to manage a Barbershop. I intend opening one soon. It's a very lucrative business 1 Like |
Re: Is Opening A Barber's Shop A Worst Investment? Share your experiences by Laird(m): 9:02pm On Jul 23 |
If You dont intend to run a business yourself, Never open a business with low barriers to entry Or a business that can be run on a small scale Focus on high scale business 1 Like |
Re: Is Opening A Barber's Shop A Worst Investment? Share your experiences by AngelSlay: 10:26am On Jul 24 |
XOGBADO:100% |
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