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Barbershop Part II - Coggle Diagram
Barbershop Part II
Social Interaction
Will need other barbers
Need a lot of social interaction
many clients
lots of networking
Involvement in daily operations
Involved
Will take every decision
Will be at work daily
not a self sustained business
Expertise, Skills, and preferences
Already barber
Will need other barbers
May need interior designer
Other forms of construction help will be needed
Job Security
Everybody grows hair
There will always be barbers to pay booth rent
Family's will have kids that need to have hair cut
Everyone needs a barber
Future Professional Goals
Invest in stocks
401k
Leave self sustained business
Have other forms of income
Growth business or lifestyle business
Lifestyle business
Would need to fit around me
Plenty of time to enjoy myself
Need plenty of freedom
Future Personal Income
Booth rent
real estate
stocks
passive income
Investment
Bank Loan
Personal Savings
Personal Items
Other Loans
Maintaining Majority Share
No shares will be given
will own 100% of company
will own real estate
will own other forms of passive income