Truth about Paying Commission

Truth about Paying Commission

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Commission
By Hasheem Whitmore

When choosing the shop you will like to work in you need to know how the Barber industry is set up. The owners of the shop wants to get paid off your work so you pay them in one of three ways, commission, salary, or booth rental.
Commission
Owners Provide (*) Indicates items that are optional
Workstation
Electricity
Compliance with State Standards set for Barber Establishment
Receptionist*
Client Data base*
Education*
Benefits
You get a piece of every dollar earned by your barbers
Barbers
Provide Services to the public
Practice State Standards of Sanitation
Tools
Splits a percentage of earnings with the owner
Benefits
Starting off in a new area where you don’t have an established client base a commission split allows you to cut without the worry of paying a set amount of booth rent.
Caution
In a Commission split you as the barber should always get a greater percentage than the owner.
Negotiate-Most things in life are negotiable, Terms of the agreement are most important!
Know your math! Be able to have a good understanding of price of services you provide and how much you walk away with. ===Don’t Forget to account for taxes=== Consult tax professional so everything is accounted for
Truth
Know your worth
Make sure you get paid what your worth
This industry your going to pay a % of your earnings to a shop owner if you choose to work in an establishment. Analyze the situation carefully and choose the best environment. Sometimes commission base shop owners have a stronger presence over barbers. More rules, they keep track of how much you are making, and additional standards should be expected, because the more you earn the more they earn.

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