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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.

business entrepreneur entrepreneurship business-development small-business
Thank you comment icon It is totally up to you! There is nothing that says you can't open up a hair salon at 15;, however, I would recommend saving up some money for a few years if you want to be able to create a successful business. I too, have dreams of starting my own business, and so I plan on working for a few weeks to save up enough money to start it. Of course, you can find other ways of funding your business, but funding it yourself ensures that you retain both equity and control in your company. And this way you also wouldn't have to pay anyone. sarah
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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!
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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!

Melissa recommends the following next steps:

Research
Network with salon owners in your local area
Develop a plan
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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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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.
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