How Barbers Really Make Money

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Modern MBA

Modern MBA

Күн бұрын

Пікірлер: 834
@ModernMBA
@ModernMBA Ай бұрын
We want to thank Henson Shaving for sponsoring this video, and for being brave enough to challenge a half-century old business model. Visit hensonshaving.com/modernmba or use code modernmba to receive a free shave cream with your purchase of a razor. Just make sure both the razor and cream are in your cart for the code to take effect. This offer is valid with or without the blades for life product. 💈EVERGREEN (Peter) instagram.com/petermichaels_cuts/ 964 E Santa Clara St, San Jose, CA 95116 💈BARBER SHOP NYC (Arthur) instagram.com/barbershop.nyc/ www.barbershop.nyc/ 302 W 50th St, New York, NY 10019 660 5th Ave Lower Level, New York, NY 10103 💈Mysterieux (Rod) instagram.com/mysterieux.brand/ mysterieuxbrand.com/ 28 N Almaden Ave #30, San Jose, CA 95110 ☕ Support Modern MBA on Patreon: patreon.com/modernmba 💬 Join the Modern MBA on Reddit: www.reddit.com/r/modernmba/ 🌎 Follow Modern MBA on Facebook: facebook.com/profile.php?id=61570667949655 🕊 Follow Modern MBA on Twitter: x.com/modern_mba
@DemosthenesKar
@DemosthenesKar Ай бұрын
Actually good ad
@jonathancastro8487
@jonathancastro8487 Ай бұрын
I'm not understanding Henson, one week their sponsorship offers $10 off and the next the shaving cream (18$) and blades for life?!!
@jonathancastro8487
@jonathancastro8487 Ай бұрын
Ain't no way they actually increased their prices by 30% in just TWO weeks, nah I was saving to get one but they can f themselves
@twotails
@twotails Ай бұрын
I’m actually more inclined to buy Henson from Modern MBA. Honest sponsorship and quality product.
@kanuke4301
@kanuke4301 Ай бұрын
100 razor blades is not a life time of shaving. You at most get between 3-8 shaves on a razor blade. You can get longer but most stick to 4 shaves before tossing. The benefit is that there razor blades are competitive on pricing. If you want American made consider Personna which are fantastic razor blades.
@incurableromantic4006
@incurableromantic4006 Ай бұрын
I really love how this channel isn't obsessed with "cool" businesses - and covers such a broad range of enterprises big and small.
@MIKAEL212345
@MIKAEL212345 Ай бұрын
Yeah, the fast food chains or big name public company videos were great, but getting insight into those independent businesses you walk or drive past hundreds of times a day is really cool.
@me0101001000
@me0101001000 Ай бұрын
My business professor in undergrad said that I have to learn business in an industry-agnostic manner. I don't have an MBA, nor do I want an MBA, but this is sound advice for anyone who wants to learn more about running a business.
@GyroCannon
@GyroCannon Ай бұрын
It's extra awesome because "cool" businesses these days are AI (tons of dumb ideas that won't make money), and before that, crypto (tons of dumb ideas that are straight up scams), and before that, SaaS (tons of dumb ideas that have imploded because they didn't make money) It's the dull and boring stuff that bring in lasting profit. That's what business is really about, not throwing money at trend-chasing.
@N_g_er
@N_g_er Ай бұрын
Gay
@Neuvalence
@Neuvalence Ай бұрын
Yeah i never knew there were so many complexities behind industries like babershops-maybe salons yes, but this is very interesting
@Hotsauceonmy
@Hotsauceonmy Ай бұрын
Dry scooping pre workout before starting a cut is some tweaker stuff
@JK8
@JK8 Ай бұрын
Bro a barber fien
@bobbyhill9830
@bobbyhill9830 Ай бұрын
broo would save hella money if he just started doing meth fr
@junyaiwase
@junyaiwase Ай бұрын
Lmfaooo
@randomyoutubebrowser5217
@randomyoutubebrowser5217 Ай бұрын
I saw this comment as this video opened and I was wondering what you meant or if this was some criticism using Gen Z slang. So for the older folks out there who haven't reached that part of the video one of the featured barbers literally dry swallows a scoop of pre workout powder before starting a cut on the client. But he makes almost 3X what I do so fair play to him man.
@jerryfox143
@jerryfox143 Ай бұрын
@@randomyoutubebrowser5217 none of what he said it gen z slang bruh
@holderian0
@holderian0 Ай бұрын
I'm not american but once you find a barber that gets your hair just right you never want to take your chances with another one. Corporations could never replicate what independently owned barber shops do
@colemc18
@colemc18 Ай бұрын
Also the fact that the barrier to entry is incredibly low means it'd be difficult to truly grab any meaningful marketshare.
@TubersAndPotatoes
@TubersAndPotatoes Ай бұрын
That's right
@rogueinvestor2375
@rogueinvestor2375 Ай бұрын
Corporations can never replicate the business models, but they can crush small competitors by legal means. For example, they can lobby lawmakers to pass more regulations that are in favor of big businesses but hostile to small businesses. Regulation is one way big businesses use to gatekeep the industry.
@sodakk17
@sodakk17 Ай бұрын
my cousin has been getting his hair cut at the same barber for 30 years.
@MrWarrenRB
@MrWarrenRB Ай бұрын
It's not just the independently owned barbershop. Its the barber at the independently owner barber shop. It's trying to find a barber that gets the cut just right.
@whiteguysayswha
@whiteguysayswha Ай бұрын
Id love to see a Modern MBA on the Auto repair business. Mom and pop vs muilti shop owner vs big brand corporate shops. Maybe I am biased because I run a small 2 man shop and would love to see the differences and your take on auto repair industry
@BenCaesar
@BenCaesar Ай бұрын
Good call!
@Miatalustrium
@Miatalustrium Ай бұрын
I third this. Or a multi-series episode on the other side of that, mom and pop auto sales versus big corporations. The corporate model is terrible, antiquated, and almost everyone universally hates it, but it's an interesting model from a business study since there are wide margins and huge variables that make dealerships, service and sales, operate
@uignireddngfiurdsgfiurdse
@uignireddngfiurdsgfiurdse Ай бұрын
@whiteguysayswha @Miatalustrium Excellent suggestion. The operational model closer to a workshop but still more linear than many other service industries. In this middle ground, private equity tries some incredibly dumb things to cut the overhead. With obvious results...
@Supermoneygang12
@Supermoneygang12 Ай бұрын
This is a great idea man
@downwithosama1
@downwithosama1 Ай бұрын
Yes, this is a good idea.
@RichardKruse-i4q
@RichardKruse-i4q Ай бұрын
I always enjoyed the old style of Modern MBA videos from a few years ago, but I gotta say, they've really gone next level in quality and interest ever since they've started incorporating the segments with local entrepreneurs in different business categories. Gone from another decent mid-tier channel in my feed, to a must watch with every new release!!
@bottledbrain_
@bottledbrain_ Ай бұрын
Yes!!!
@mangos2888
@mangos2888 Ай бұрын
My favorite video is still the Taco Bell video though - super focusing on one company
@nicolassassi5580
@nicolassassi5580 Ай бұрын
Have you considered making a video about the business of junkyards? It's a bit out of the box, but it's a huge industry and might turn into a great video
@weirdshibainu
@weirdshibainu Ай бұрын
Great industry to launder money
@activeirving
@activeirving Ай бұрын
@@weirdshibainufacts haha some of the homeless here in LA work with the workers to finesse the system 😂
@mememan9890
@mememan9890 17 күн бұрын
I would love to see this. Landfills too.
@damnjustassignmeone
@damnjustassignmeone Ай бұрын
My barber introduced me to half my neighborhood when I moved here. People stop in to say hi to him even when they’re not getting their hair cut.
@lid-h7e
@lid-h7e Ай бұрын
Barber shops are for sure huge parts of communities and it makes me happy that the chains failed and I hope they keep failing so that we don’t lose this
@chartedtravel1776
@chartedtravel1776 4 күн бұрын
Who want to waste time taking to people? Do they work in your neighborhood?
@SJDJ806
@SJDJ806 Ай бұрын
Been going to the same barber for over 4 years. Dude knows exactly how I like my cuts and my beard done. I don’t trust anyone else. A corporate shop could never replicate that.
@jamestipton7872
@jamestipton7872 Ай бұрын
dry docking pre-workout to cut hair is absolutely savage
@sjoerdglaser2794
@sjoerdglaser2794 Ай бұрын
That final guy reminded me of my previous employer. He was the owner of a small and upcoming company. I was hired as an employee to complete an IT project, but after that was done, my role had to lucky a bit. The owner was completely transparent in how he had to balance the needs of the business with my personal goals and aspirations. In the end, I decided the new role wasn't for me and left on good terms. I understand and highly respect Rods investment in both his shop and his barbers. That's hard to balance.
@sirmidor
@sirmidor Ай бұрын
It was downright surreal to hear the last guy talking about how his shop is high-concept, has custom lights, greenery, art, etc., while standing in the middle of a barren waste with industrial tube lighting.
@bhenchordsingh5028
@bhenchordsingh5028 3 күн бұрын
He doesn’t even own it he rents it my uncles owns it
@GlobalCop
@GlobalCop 3 күн бұрын
It would be like getting your haircut in a parking garage. Is this the same guy that said once you've been in a Ferrari you never want to get back into an accord? The few pieces of furniture that he does have in his barren parking garage shop, are the mirrors and shelving units that you can get at Walmart. This guy's barber shop makes Supercuts look like the Taj mahal
@GlobalCop
@GlobalCop 3 күн бұрын
Can you imagine how bad the acoustics would be in there if you were playing music on the radio?
@philipargo
@philipargo Күн бұрын
Perhaps this is the reversal of the Broken Window Theory?
@BalladOfZer0
@BalladOfZer0 Ай бұрын
That ad was so well placed
@datnguyen0817
@datnguyen0817 Ай бұрын
Probably they made this video because of this sponsor
@notsojharedtroll23
@notsojharedtroll23 Ай бұрын
I mean, if we make a video about cutting hair, why not add a sponsor about cutting 'facial' hair
@Chris-cx6wl
@Chris-cx6wl Ай бұрын
I saw it coming a mile away 😂
@charlescurt4263
@charlescurt4263 Ай бұрын
I believe I've watched every single one of your videos. Easily the best business and strategy channel I've ever seen. I do hope you continue to run this channel for a long time. If you kept the same style of real world analysis I would also love something like a newsletter or article.
@ModernMBA
@ModernMBA Ай бұрын
Thank you for the support!
@steingrenadier
@steingrenadier Ай бұрын
Certainly not the kind of business I was expecting to have a video produced about it, but it's certainly not something that gets a lot of talk. You covering these sorts of businesses always give quite a bit of insight. Well done. More, please.
@kuebby
@kuebby Ай бұрын
This is so true about people being loyal to their barber. My mom and dad have been seeing the same lady to cut their hair since the 1980s! She's now basically retired but I guess has a chair in her house and my parents drive over half an hour and spend several hours to get both their hair cuts by her even today. I have no reason to think they won't both be quite sad when she's no longer cutting hair.
@iTzDritte
@iTzDritte Ай бұрын
19:06 I got one of those $100 haircuts in Manhattan ~10 years ago. It just wasn’t better in any way than a $40 haircut at a genuine Manhattan shop, so I didn’t go back.
@Ahfuric
@Ahfuric Ай бұрын
you have to go to the domican barbers
@TomikaKelly
@TomikaKelly Ай бұрын
Your momma should slap you for spending $100 on a damn haircut. I bet every time you walk into the grocery store in 2024 you wish you had the extra $60.
@dannydaw59
@dannydaw59 Ай бұрын
It's the amount of freetime that I have to spend that hurts. I could spend that half hour screwing around or sleeping.
@goalaspect
@goalaspect Ай бұрын
Ya if they click slowly with scissors you know it’s expensive and not worth it.
@OregonWildmanAKAsasquatch
@OregonWildmanAKAsasquatch 6 күн бұрын
I would have done it for $13
@stephenlasky3049
@stephenlasky3049 Ай бұрын
A similar industry that would be interesting to look at is Tattoo Parlors/Artists. There is a similar owner vs. chair renter dynamic and a huge range in quality. Would also be interesting to see how the actual creation of art factors into the total cost.
@ZimbolicalMayhem
@ZimbolicalMayhem Ай бұрын
I still remember by childhood barber, he cut my hair for 10 years and came to my birthday party. Was sad to hear that he passed away
@malik9346
@malik9346 Ай бұрын
In this industry we really become family with our clients
@VinceroAlpha
@VinceroAlpha Ай бұрын
This is why I love this channel I had no idea the scope of the barbershop marketplace. It warms my heart to know that private equity cannot break through to it. Keep up the great work!
@me0101001000
@me0101001000 Ай бұрын
In several cultural communities, mine included, your barber is everything to you. Your friend, your unofficial therapist, your financial advisor, your confidant, EVERYTHING. And you can trust them to keep your secrets. In return, if you and your barber are on good terms, maybe they'll let you into their lives as well. That's one way to build community in the salon. Broadly speaking, PE and VC fail to capture the community aspect of business. Beyond just engaging in banter with customers/clients, they have to engage with the community. My barber turns his salon into a local artists' gallery on weekend nights, and hosts swing dancing on weekday nights after hours. Success in this industry is built on financials, but that by itself will not guarantee survival. You have to integrate yourself into the community. It's one thing to make money, but it is another to create value. And I'm sure that PE/VC know this, but they cannot properly understand this.
@SmileZephyr
@SmileZephyr Ай бұрын
The artist gallery seems dope! I’d love to get a ticket if that’s okay with you. Thanks
@me0101001000
@me0101001000 Ай бұрын
@SmileZephyr every single one I know which does the artist gallery is walk-in. The money is made through the sales of art, where the barbershop host gets a small cut for "commissioning" the sale. The ones I know who do this are in Baltimore, Chicago, Seattle, and San Diego. Most of them are little holes in the wall which look way nicer on the inside. It's what they do for the community around them that makes them so beloved.
@bobbyhill9830
@bobbyhill9830 Ай бұрын
You gonna chill brother
@davianoinglesias5030
@davianoinglesias5030 Ай бұрын
Same case in my country, the barbershop isn't just a business premise, it's a miniature town hall, stadium, counselling centre, dancing hall, class, parliament😅😅😅
@dakotak51
@dakotak51 Ай бұрын
100 percent! Its never the name of the business but the name of the barber that sticks with you! I could care less what the sign on the door says
@zuhachan
@zuhachan Ай бұрын
customer loyalty is so true. i've been going to my barber for 9 years now. if he's not available im not getting a haircut at all
@Pyridius
@Pyridius Ай бұрын
Arthur's shop had the most interesting interview I've felt since this series started! The generic name was so well-thought of and all of his rationale made sense. Even as someone who doesn't get a haircut every two weeks, I totally understood.
@nisios
@nisios 4 күн бұрын
The only way to grow beyond a single barber and not worry about talent leaving with clients is to hire older man with no more drive to adventure starting a business like second guy did. He is smart in that way, training young guys just to see them leave after they become confident and experienced is just dumb. But old guys also have a tendency to work in a conservative manner, sone people don't want that on they're looks
@MRFISHPIG27
@MRFISHPIG27 Ай бұрын
as a guy me and my best friend had to explain to his girlfriend (now wife) that once you find a barber you stay with them for life pretty much, both me and him had seen the same barber since we were both 5-6 years old. being 25 now that's 20 years of guaranteed business. As long as you maintain the same quality barbers will always have steady clientele.
@franciscoorozco3081
@franciscoorozco3081 Ай бұрын
This video here is whats going to be used in some corporate meetings to signal how cable tv is not needed anymore. I honestly forgot I was on KZbin until the video suggestion at the end. This is amazing content and production
@TheIngPin
@TheIngPin Ай бұрын
i actually didn't mind that Henson ad because it was truly "native" - it was presented in exact same style and content of the original video so it wasn't like an interruption. great job at embedding that
@Ari-zp4dd
@Ari-zp4dd Ай бұрын
One major problem with barbering ( and similar professions) is the need for *experience* You can take 1-2 month course and get licensed. But it takes years! To get good. The eyes can see, the brain understands, but it takes the years for the hands to follow. Took me 2 years to give decent haircuts + after my “training”
@myyt3824
@myyt3824 5 күн бұрын
Same. It took me 18 months of consistently working to be proficient and confident.
@L3uX
@L3uX Ай бұрын
Been saying it for a while, your videos/segments are truly a step up from the rest and providing a true MBA distinction above the status quo.
@lid-h7e
@lid-h7e Ай бұрын
Im a woman, I’ve had long hair my whole life and barber shops are my worst nightmare 😂 however I needed to find out why barbers are defiant. I had never thought about this, this is an amazingly produced video I enjoyed it so much !
@hunterkinsella5303
@hunterkinsella5303 16 күн бұрын
This industry is more of a craft than a service. A lot of parallels could be drawn to carpenters or plumbers or mechanics.
@nbn3045
@nbn3045 Ай бұрын
Oh my god, I saw y'all filming at the Arthur barbershop! I'm so tickled to realize that I saw your team!
@Phoca_Vitulina
@Phoca_Vitulina Ай бұрын
that's so cool! did you get to see the narrator guy? I've always been so curious what he looks like since he's just a voice in the vids lol
@qaahzi
@qaahzi Ай бұрын
@@Phoca_Vitulina watch the hair transplant video
@TheGhanafuo
@TheGhanafuo Ай бұрын
​@@Phoca_Vitulina I think he shows himself in the video on balding.
@nbn3045
@nbn3045 Ай бұрын
@@Phoca_Vitulina only saw the backs of the crews’ heads, sadly!
@twotails
@twotails Ай бұрын
So cool!
@kinpoon8160
@kinpoon8160 Ай бұрын
Hopefully you’ll do one on women hair salons, from low to mid to high, with a 3rd variable which is commission based pay (instead of salary or booth rent). Services now add on a 2nd biggest factor which is color/chemical services , which factor into a large ticket price from 200 to 400 per person.
@mikejanacone8328
@mikejanacone8328 Ай бұрын
The hairdresser business is one of the best small business owner businesses you can have
@BenCaesar
@BenCaesar Ай бұрын
This channel has been delivering consistent 🔥🔥🔥
@IvoryOasis
@IvoryOasis Ай бұрын
When they started charging me 100 dollars for a haircut... is the last time I ever got a haircut. Now I just cut my own hair and save a lot of money.
@flitter5400
@flitter5400 Ай бұрын
Go to a new place there is a ton of place that are not 109
@artsmith103
@artsmith103 Ай бұрын
I've always let women I know do mine. Haven't paid for a haircut in over 20yrs. The whole video was shocking to me. I've cut one lady's hair and done 1 perm. No complaints. There isn't much to it. Go slow, ask questions.
@MBEG89
@MBEG89 Ай бұрын
Stop lying there are regular shops charging 20 bucks everywhere, you just wanted something to say.
@jabrondestoroyah
@jabrondestoroyah Ай бұрын
Whoever tf asked you $100 for a haircut should be in prison. That being said you get any britches?
@shastaweston
@shastaweston Ай бұрын
Same I’m not spending $50 every 2 weeks just for a haircut and I have dreads so it’s just a fade needed
@compromisedssh
@compromisedssh Ай бұрын
I'm still of the opinion that you should look into online marketing. One of the barbers in this episode briefly mentioned how he strategically named his shop to help with Google searches. Every business you see ranking in the top three (often the top ten) is paying thousands of dollars per month to get there. The big players in the industry (e.g. Yext) are raking in billions. I think there's a chance this often overlooked layer of modern business is far bigger than most people realize.
@robinabernathy2829
@robinabernathy2829 Ай бұрын
Not if he's ranking organically, but I have to believe that due to where he is the competition is stiff so i have a hard time believing he's ranking as high as he is without putting work into it.
@nicksGLI
@nicksGLI Ай бұрын
SEO should be front and center to anyone running a business today
@bened22
@bened22 Ай бұрын
90 minutes for a 60 bucks or more haircut. Sounds exhausting. I'd take the 30 minutes haircut any day.
@joseph10d
@joseph10d Ай бұрын
I follow my barber wherever he goes. He knows my likes and always does a great job. I’ve had some bad haircuts and it sucks waiting for it to grow back.
@Kasukke
@Kasukke Ай бұрын
Crazy to see this channel go from online to offline and now cross country :) keep it up
@bobbyhill9830
@bobbyhill9830 Ай бұрын
No way Broo is using pre workout to cut hair 💀🤣🤣🤣🤣
@ericgol7
@ericgol7 2 күн бұрын
Seeing the evolution of this channel from great video essays into full fledged high quality documentaries has been amazing
@iTzDritte
@iTzDritte Ай бұрын
23:06 I absolutely LOVE his marketing strategy. What a master! That makes so much sense since there no major player in the space to compete against on branding.
@BenCaesar
@BenCaesar Ай бұрын
Would dig to see a video on the music business in some capacity. It’s such a difficult industry to pin where the actual monetary value is but it’s also a business everyone thinks they know. With so much and spectacle around it, an analytical look at it would definitely blow the roof off the bs.
@littlekirby6
@littlekirby6 Ай бұрын
ditto, it's such a black hole that I've always been curious. How are T Swift and Kanye billionaires, but other artists get screwed over by their contracts? Why do some people choose to sign with a record label, vs not? What does it mean to start your own record label? I have so many questions about where the money flows
@UnprofessionalProfessor
@UnprofessionalProfessor Ай бұрын
​​@@littlekirby6Kanye is worth $400 Million. Not a small chunk of change, but not even half a billionaire. It is not that I am looking to refute your point (I'm in agreement), just that the inaccuracy bugged me.
@j887276
@j887276 Ай бұрын
10 years ago got walmart hair cut/clipper kit & haven't paid for a hair cut since. Wife even does her own hair & nails, probably saved us thousands 🤑
@Gr8thxAlot
@Gr8thxAlot 18 сағат бұрын
Same, bought clippers for $10, and my spouse does a better job that 90% of the barbers out there. The independent barbers now charge $40+ and expect a tip on top of that. Outrageous.
@miyakawaso
@miyakawaso 14 күн бұрын
Much enjoying this channel since I found it. It makes business more interesting and enjoyable than most KZbinrs make much sexier subjects. Separately, I do wonder how Barber Shop NYC manages to find such high-quality, diligent, experienced barbers who are happy to settle for a regular paycheck and hours. Even in the 45 dollar an hour range, that doesn't seem like a lot in a plac like NYC for someone with so much background and a strong work ethic.
@planetbrooklynsupreme
@planetbrooklynsupreme Ай бұрын
This was WAY more interesting than I thought it would be. Great video!
@CNote415
@CNote415 28 күн бұрын
I would never in my life consider going to a chain like Supercuts for a haircut. They lack the skill and training to give me the haircut that I want. As you mentioned, all the legit talent at any of these chains moves on to a real salon/barbershop to keep growing their career. Your video was correct in pointing out that barber/hair stylist individual talent matters, and you can’t just keep losing talent in a brain drain and replacing them with someone else who is not even half as good or passionate. Great video.
@PXAbstraction
@PXAbstraction Ай бұрын
The guy who owns Mysteriux talks about people wanting to pay a premium to enjoy the art and the style of the place. Am I the only one who thinks it looks like a cheap, repurposed warehouse space with some modern lighting? The place looks way less inviting than Barber Shop NYC.
@thelogicmatrix
@thelogicmatrix Ай бұрын
Yeah exactly it legit looks like unpainted concrete, minimal interior design, exposed cable tubing, free standing mirrors that can be moved around. Really cheap and rushed kinda vibe
@partidaa98
@partidaa98 Ай бұрын
I found that interesting as well. I dont even know if i remember seeing any art from the footage. I appreciate his message but I looked and his cuts are 125! + i assume expected tip. That is pretty insane.
@MrWarrenRB
@MrWarrenRB Ай бұрын
Yes, it looks like a piece of crap. A barbershop needs color and personality. Not empty space and white walls. Classic mistake where an owner thinks he knows what the clients want.
@aseheavyindustries798
@aseheavyindustries798 Ай бұрын
they way he opened with talking about lamborghinis and ferraris...bruh
@beigegecko
@beigegecko Ай бұрын
it’s relatively cheap to build and easy to sell as a high-end concept
@Phoca_Vitulina
@Phoca_Vitulina Ай бұрын
Wow I love the constant quality of these videos. Like I learn so much every time and the businesses are so interesting and varied in size and scope. The interviews are still some of my fav parts to see the different strategies people have. So cool you had dif cities this time and the breakdown of everything in this industry and why awful private equity can't touch it
@genuismensa
@genuismensa Ай бұрын
I never had a better shave in my life then when I switched to old school safety razors. They are amazing! New one every time and I get little to no irritation.
@Supremechairuser
@Supremechairuser Ай бұрын
Like most guys a barber is on a personal basis. You know your barber like you can chop it up with him.
@citizenlost
@citizenlost Ай бұрын
Love that you are now doing your own filming and interviews. This is next level! Couple of suggestions that are close to my heart... (1) Enterprises cutting ties with their Salesforce and Workday implementations, (2) Vertical Enterprise SaaS - going deep in a very specific niche. Although I guess that they would be harder to interview. So how about (3) car dealerships. Also a bit out there but could be interesting... (4) How small towns snd cities in flyover America are evolving
@goalaspect
@goalaspect Ай бұрын
I am so tired of all saas - shopify and Keap etc / crappy and expensive
@trapvd
@trapvd Ай бұрын
The dynamic that exists between corporate and independent shops seems similar to that of the therapy industry. I think a great video could be made on the differences between independent therapists and agencies like Betterhelp as well as the nuances of things like taking insurance/not. Great video as always!
@JorgeRodriguez-ih8ub
@JorgeRodriguez-ih8ub Ай бұрын
This channel is just pure gold, thanks for your content.
@SpadeXero
@SpadeXero Ай бұрын
I'm surprised to see that places like Barbershop NYC are thriving. I would never step foot in a barber shop like that, and from the cuts shown off in the video I would not expect those prices to be anywhere near 40$ without tip. The story of the first barber is what I thought would be the norm based off my experience, here in NYC. It might just be the difference between inner and outerbourough shops.
@dovescryspringseternal
@dovescryspringseternal Ай бұрын
Holy crap! Evergreen was my barbershop for several years when I first moved to San Jose. That’s where I met my current barber who I’ve been with for the last 8 years. That’s craaaazyyyy. Had a lot of good times at that barbershop. Shout out to Braulio.
@langolier9
@langolier9 Ай бұрын
Even though I know nothing about barbering and care nothing about the business as a retired teacher, who is a landscaper every single thing I learned here is what I am going to do in landscaping
@JánosRegele
@JánosRegele Ай бұрын
I hold an MBA from INSEAD, and I can genuinly say your work is up there with the best material I was taught there. Props!
@ahmadfakih3798
@ahmadfakih3798 Ай бұрын
The worst thing about insta barber shops is the fake ink they use😭😭😭
@MrWarrenRB
@MrWarrenRB Ай бұрын
It's called "enhancement" and it makes your hair "perfect" but yes, it only lasts for 1-2 days.
@KeISenBO
@KeISenBO 4 күн бұрын
​@MrWarrenRB who says it makes it look "perfect"? That's your own opinion bruv. Most of the young barbers tend to use this ink and overcharge for their "hyped" cuts. Low entry job, anyone can do it.
@JesusGarcia-en3pj
@JesusGarcia-en3pj Ай бұрын
“Skinner rotation…dull blades“ 11:25 freaking, got me. I can’t believe I walked into the ad willingly. I normally skip them and freaking got me.
@tabnaka
@tabnaka 15 күн бұрын
"Skin iritation", I believe
@Seelingfahne
@Seelingfahne Ай бұрын
26:05 Hope the future sees more guys like Arthur making real durable success and helping others make it for themselves. Real respect for this craftsman ✌️
@somerandomguy1471
@somerandomguy1471 Ай бұрын
It’s nice seeing Henson becoming more popular. I got mine a little of 3 years ago off a fb ad. Pretty good product
@yashuarazohr
@yashuarazohr 23 күн бұрын
As a barber myself, I've found this video very enlightening. A lot of valuable information. Godspeed.
@moarmy6779
@moarmy6779 Ай бұрын
Could you guys next time do Black Barbershops? I'm curious about how much Black shops and Beauty Parlors make!
@purrfitazitgetz3365
@purrfitazitgetz3365 Күн бұрын
U asking a white guy to do a video on black folks weird just go to da black barber page
@purrfitazitgetz3365
@purrfitazitgetz3365 Күн бұрын
Comments like dis is da problem
@fitnessnrd
@fitnessnrd Ай бұрын
At least on the West Coast I have never found a chain shop that could handle a variety of ethnic hair. So I can see why small shops still work.
@Wohlfe
@Wohlfe Ай бұрын
Even for a white guy with a basic hairstyle like me chain shops usually suck
@DJcyberslash
@DJcyberslash Ай бұрын
They could never cut a black mans hair 😂. They'd need SKILL
@aftwelve
@aftwelve 4 күн бұрын
6:02 Thats a crazy thing to say with someone in the chair
@tracelee7332
@tracelee7332 25 күн бұрын
Barbers will always have a place in this world ❤
@Wisdomseeker1028
@Wisdomseeker1028 13 күн бұрын
I had an Arab barber in Nj, he would not smile alot, gripped my head really hard, and barely spoke. I stopped going there after the 3rd time. Went to the much nicer Turks a few shops away. Being nice and welcoming indeed goes very far
@namenotfound8747
@namenotfound8747 Ай бұрын
The NYC business model might work in huge major cities with millions of people but everywhere else, good luck with that model.
@martiallife4136
@martiallife4136 Ай бұрын
Arthur is making a killing.
@MBEG89
@MBEG89 Ай бұрын
Different strategies for every situation is key.
@TheSussiest
@TheSussiest Ай бұрын
I think that was the smoothest ad transition I’ve ever seen. Took me way too long to realise
@blubb7711
@blubb7711 Ай бұрын
It’s wyld to see how much money barbers make in the us. In Germany, the are payed below minimum wage most of the time and a hair cut costs about 18€ in Munich. And Munich is by far the most expensive city in Germany.
@Supermoneygang12
@Supermoneygang12 Ай бұрын
🤨how do you get paid below minimum wage lol
@zackbrand9311
@zackbrand9311 Ай бұрын
@@Supermoneygang12because you get paid for each hair cut not by the hour.
@QuayfariusFluddthe4rd
@QuayfariusFluddthe4rd Ай бұрын
If a haircut costs 18 euro then the barbers aren't making below minimum wage, minimum wage is 12.41 euro per hour.
@randomyoutubebrowser5217
@randomyoutubebrowser5217 Ай бұрын
I paid 40€ for a hair cut in Venice a couple of years ago. I usually cut my own hair in my backyard but I was having an extended period of travel and I couldn't take the length of my hair any more.
@Supermoneygang12
@Supermoneygang12 Ай бұрын
@@zackbrand9311 okay that’s a problem of just not working enough though that’s not getting paid too little for your time
@FullLengthInterstates
@FullLengthInterstates Ай бұрын
I started growing out my hair after supercuts gave me the worst haircut in the history of haircuts. Having a lot of fun learning how to manage this longer hair
@Overlord277
@Overlord277 3 күн бұрын
This channel has great content. As an accountant, it is difficult to quantify that personal touch barbers have, or any business. In the barber industry, it's just irreplaceable.
@thediydentalchairguy7269
@thediydentalchairguy7269 Ай бұрын
Loving these real world comparisons at different ends of each industry. Really gives you a feel for the variance within the field.
@madlad8059
@madlad8059 19 күн бұрын
Props to how seamless the sponsor add was
@jokerpilled2535
@jokerpilled2535 Ай бұрын
I pay Manhattan prices in my local Queens barbershop and they still fail to meet quality or consistency in their cuts. All the best barbers I’ve ever known have moved elsewhere and I have no contact with them. I wish I understood “brain drain” sooner and respected those prestigious barbers more. Getting a haircut is not about the price, it’s about finding a true artist who understands their craft and also knows how to respect their customers. Some barbers are good at cutting, but they can also become arrogant or greedy and that turns me off from repeat business. Finding a barber that can cut and show respect is like finding treasure and they deserve to be cherished.
@zwimipo1828
@zwimipo1828 29 күн бұрын
all barbers are greedy conmen
@jokerpilled2535
@jokerpilled2535 29 күн бұрын
@ true
@carl6589
@carl6589 Ай бұрын
I have gone to the same barber since I was 10 and I will have him till he retires.
@jacobsoto7228
@jacobsoto7228 Ай бұрын
Me since I was 14 and I am 29.
@genrerahul
@genrerahul Ай бұрын
I feel lucky to have found out this yt channel. I like that the emphasis on the channel is on the message more than the editing which can be a bit forced and mostly is. I am not a very good commentor but I thought I should mention how they are in the right direction of story-telling from business insight perspective, atleast for me. This channel is very insightful.
@gungun5845
@gungun5845 24 күн бұрын
TV level production here. Fantastic.
@imfreviews
@imfreviews 2 күн бұрын
Barbershop NYC guy is frickin brilliant. I hadn't considered that such a generic name is so perfect for being in every google search.
@ericgol7
@ericgol7 2 күн бұрын
He's as good at business as he is at being a barber. Truly impressive guy.
@mrno-bones8084
@mrno-bones8084 Ай бұрын
You should do one on the endangered business of electronics repair
@LWRC
@LWRC 17 күн бұрын
Arthur is absolutely right - the haircut is about the end result and not about the environment!
@davis907
@davis907 Ай бұрын
The production quality is again top notch! Great shots and good research!
@josephmooney122
@josephmooney122 Ай бұрын
The quality on your videos is really amazing! Truly providing a diverse modern MBA!
@vacatiolibertas
@vacatiolibertas Ай бұрын
I loved the second guy. Homie knows his business.
@patrickkaiserliew3691
@patrickkaiserliew3691 15 сағат бұрын
Thank you for sharing an insight to the world of a barber profession & the business game of barber shops.
@59spadesofalife52
@59spadesofalife52 29 күн бұрын
Barber and clientele is almost like an intimate partnership. Something that corporate America doesn’t understand.
@HemstitchedIrony
@HemstitchedIrony 21 сағат бұрын
I started cutting my own hair about 6 years ago and seeing the prices of a haircut in this made me so glad I did, and now I have a skill that I can use as a backup career too 😂
@vacatiolibertas
@vacatiolibertas Ай бұрын
The owner of Mysterieux seemed like an unrequited boss, which is a phenomenon that I didn't think existed.
@MisterGoodDad
@MisterGoodDad Ай бұрын
I had to look up the definition of unrequited. Great word
@chazzbranigaan9354
@chazzbranigaan9354 Ай бұрын
This channel goes above and beyond, i see the hustle
@LWRC
@LWRC 17 күн бұрын
It is easy to see why Arthur is successful in this dynamic business as things are constantly changing all the time! He understands his market, why customers come in and what they're seeking!!! Great job in showcasing his talent not just in his craft but knowledge in running a successful business!!! 👍👍👍
@majesticm4808
@majesticm4808 Ай бұрын
I wish you had featured a more cultural barbershop. A Black or Latino barbershop or something. Black people in my experience generally don't go to barbers that don't specialize in black hair, in my experience. There's also the unique social experiences in those places, whereas the places you featured are very corporate and impersonal feeling largely.
@As_A________Commenter
@As_A________Commenter 8 күн бұрын
Because the business model isn’t really any different than the first guy, most are independent contractors renting out a chair in a shop. Sure the “vibe” is different, but the video was about the economics of the industry, not the relevance to the community.
@As_A________Commenter
@As_A________Commenter 8 күн бұрын
Because the business model isn’t really any different than the first guy, most are independent contractors renting out a chair in a shop. Sure the “vibe” is different, but the video was about the economics of the industry, not the relevance to the community.
@majesticm4808
@majesticm4808 8 күн бұрын
@As_A________Commenter yes but the video highlighted that differentiating yourself barber as a barber is hard on pure skill. That means the best way to do so is off of "vibes" Ethnic barbershops can offer lots of paid services besides hair care.
@april_dawn
@april_dawn 6 күн бұрын
@@As_A________Commenter Obviously you know nothing about the Blk community nor history. I have never been to a Barbershop and Hair Salon in my community that wasn’t Blk owned. Moreover, it’s historically documented that Blk ppl invented Barbershops. So it’s odd & lowkey insulting to not include a Blk Barbershop Owner in this doc.
@As_A________Commenter
@As_A________Commenter 5 күн бұрын
@@april_dawn obviously you missed the point, it doesn’t matter if the shop is black owned or not, that doesn’t change the business model of independent barbers renting a chair in a barber shop. That business model was already covered by the first young guy in the video, which was about the economics of the industry not a celebration of diversity. Black barber shops may have a different cultural significance, but the economics of how they operate are not different, so it’s not an insult that they aren’t featured. And no, my dear, black people did not invent barbershops. Your echo chamber has mislead you yet again.
@gviiibarbershop
@gviiibarbershop 5 күн бұрын
Dry scoop of pre workout before 15 cuts a day lmaoooo my guy 💪🏽
@serioserkanalname499
@serioserkanalname499 Ай бұрын
I thought dry scooping pre-workout was a meme lmao.
@kamotetops1572
@kamotetops1572 Ай бұрын
You are a repeat customer of a barbershop not because of the shop itself but the Barber that can do magic to your hair.
@megapangolin1093
@megapangolin1093 Күн бұрын
Excellent video, well explained and a very good example with Barbershop NYC. i like his ethos. Very NYC. What I can't get though is why everyone wants to have most of their hair shaved off? If you have good hair, then wear it, and trim the edges to look sharp. Thanks.
@FloydPhillipsII
@FloydPhillipsII Ай бұрын
As a previous (non barber) barber shop owner. The barber shop industry is not a growth industry. The system of "booth rent" is why this industry will never scale. I would never touch that side of the hair industry again. No way!
@ronniescales188
@ronniescales188 8 күн бұрын
Real Talk... Arthur is a smart businessman. The next time I'm in New York, I'm going to check him out.
@dishahajong
@dishahajong Ай бұрын
there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
@estevesmartins7935
@estevesmartins7935 Ай бұрын
It’s all about behaviors and discipline…you can manifest all you want, but if one is not sincere about your aims and how you see yourself, it’s a waste of time and you’ll end up losing your beliefs…you start there and then try to master deep meditation without forgetting the importance of life long learning. Eventually, preparation mixed in with a bit of “luck” will have you ready for those opportunities you’ve envisioned….
@stoundingresults
@stoundingresults Ай бұрын
Ok its odd you manifested 800 likes so quick
@eclipsek0
@eclipsek0 Ай бұрын
The first thing that comes up for this book is that this is a mass comment scam
@TargaWheels
@TargaWheels 10 күн бұрын
Didn't the democratic party and mainstream media already use that technique against the one guy they wanted to lose the election....but failed?
@youngsosa3110
@youngsosa3110 4 күн бұрын
You just named the law of attraction it’s all the same shit lol
@jed-henrywitkowski6470
@jed-henrywitkowski6470 Ай бұрын
Barber shops are personal. You get to know your barber one on one. That connection is part of the experience. And when you move to a community with more than one, you find a barber you get on with and knows your style. It isnt like bying milk. Where you get the same thing no mater what Safeway or Albertsons you go to.
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