Week 7

WEEK 7  |  BUSINESS OPERATIONS

Student Reading Guide

Session Length: 60 minutes

Topics: Business ownership, writing a business plan, Master Business Licence, staffing and daily operations.

Learning Objectives: 

By the end of this session, students will be able to:

• Describe the responsibilities and risks of business ownership in the barber trade.

• Outline the core components of a business plan.

• Compare sole proprietorship, partnership, and corporation structures.

• Explain the process for registering a Master Business Licence in Ontario.

• Identify key factors in selecting a commercial location for a barbershop.

• Identify the types of insurance coverage a barbershop requires.

• Describe the daily operational tasks required to run a barbershop.

• Explain the process of staffing a barbershop, including hiring a manager.

Week 7 Business Operations