Tuesday Mar 14, 2023

The Road to Entrepreneurship: How To Create a Business Around What You Love

EPISODE SUMMARY

In this episode of Chan with a Plan, Max Speaks with Mikey Styles, entrepreneur, barber, and creative director at Status Barbershop.

In this conversation Mikey discusses his entrepreneurial journey, how he got into being a barber, and he gives us a look into the hair business.

QUOTES FROM MIKEY

“It was a big process. It started as a hobby. Like I said earlier, do the right thing from the beginning. If you want to talk a lot, if you want to relax, if you want to kind of just chill, you go to a specific barber to enjoy yourself. What I would say is when people leave, it's because the barber shop was toxic.”
“My industry is hair care, barbering, beauty, making men feel like themselves. Confident. Take over the world vibes.”
“I have a strategy for anyone that has a problem with walk-ins because, there's obviously no one to take care of them. Hire someone that doesn't have a lot of clientele and that's willing to be in the business and understand this is predominantly what you're going to do in the business is when you get started there's a lot of kids cuts. That's what I did. That's what I know a lot of barbers.”

TIMESTAMPS

[02:07] Insights to owning a business
[03:12] Finding his career as a barber
[08:58] Navigating COVID
[14:40] Location, location, location
[17:10] Business traffic
[21:40] Balding and losing hair, how to approach difficult conversations
[26:01] Hiring processes
[28:50] Coming up with a business name
[31:55] Pivoting in the market
[37:58] Running the show for himself
[43:25] What makes new barbers quit
[47:02] Brand building strategies
[52:33] Over delivering
[56:10] Pay structure
[01:00:43] Future business goals
[01:04:15] One big career challenge

The Road to Entrepreneurship: How To Create a Business Around What You Love

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