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Weekly Update EP:01 Khaya Sithole , MK Election Ruling, ANC Funding, IFP Resurgence & More

Weekly Update EP:01 Khaya Sithole , MK Election Ruling, ANC Funding, IFP Resurgence & More

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    Business boost for Stellenbosch community barber

    Peter Cupido began his barbering career while running a business from his parents' backyard and has since opened his own barbershop in Ida's Valley, Stellenbosch. He is one of 32 small business owners - in Khayelitsha, Langa, Mitchell's Plain, Stellenbosch and Gugulethu - selected to participate in the University of Stellenbosch Business School's (USB) Small Business Academy (SBA) development programme.
    Business boost for Stellenbosch community barber

    “I opened my business, Peter’s Barber Shop, in 2017 but I have been trading for eight years. My interest in barbering started in 2005 when I ran a business from my parents’ backyard to earn some extra money.

    "I obtained an official barbering trade certificate in 2016 and from there I knew that barbering has shifted from being a hobby to becoming a fully-fledged business. Now I employ two full-time barbers and one part-time assistant,” says Cupido.

    A barbershop revival

    Cupido’s patrons are mostly between the ages of 21 and 35 and he says barbershops have seen a revival over the past view years.

    “People care more about their appearance these days; buying into the notion that if you ‘look good, you feel good’. The modern hairstyles and trends have people flocking to barbershops in droves. Unisex hair salons that were once all the rage were only geared towards efficiency and speed whereas the current barbershops are more concerned about giving quality haircuts and pampering their clients. Barbershops are tangible and personal – you can’t get a haircut online,” he says.

    The SBA provides a platform for small business owners to gain business, financial and operational knowledge over nine months to grow and strengthen their businesses. The SBA also creates networking opportunities and offers a mentorship programme in which each participant is matched with a USB alumnus.

    “My growth has been organic with word of mouth my strongest marketing tool. My selection to the SBA programme has changed my perspective on a number of topics. I have gained knowledge on how to structure the financial side of my business better which has given me insight into what is really going on in my business,” says Cupido.

    Business boost for Stellenbosch community barber

    Passion is the driver

    He says that his business is still growing, which means he has to do most of the “heavy lifting”. “I have to train my staff on customer service, how to gently handle tools and how to work with delicacy and skill around the client. Having to wear all the hats yourself can be daunting. My biggest challenge to date is cash flow management, hiring of employees and time management. But knowledge is power and I’m positive for the future,” he says.

    His advice for startups is to “surround yourself with people who are experts in their field to gain a better insight. My business is not just about barbering – it consists of human resources, marketing, financial planning and market research. I really can’t be an expert of all these so it’s vital to speak to the masters. Most importantly, believe in yourself and your vision. Passion will drive you forward.”

    In addition to expanding his business to further centres in the Western Cape, his vision is to have a training centre where young unemployed youth can learn the art of being a professional barber.

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