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Essay / Learn more about the hair salon industry. The barrier to entry into this industry is quite low. Which sounds good at first, because it means it will be easy to start a hair or hair salon; however, when the barrier to entry is low, it means there will be more competition. Naturally, when something is easier, more people will end up in that direction. Therefore, a low barrier to entry results in a higher rate of competition. To stay competitive in this industry, this report has given us some key factors that businesses must follow and meet to succeed in this industry....... middle of paper. ..... ; 10% earn $90,217 and 25% earn approximately $131,558. Working in the banking sector, employees enjoy attractive benefits such as social security, disability, health care, pension and leave. Several economic trends are affecting Pomona. Pomona, as a city, lags behind the national average household income by 6%. The most populated sector is sales and offices, with 24.44%. Close behind is production, transportation and movement of materials at 24.12%. Pomona's overall economic outlook is that the sector with the most money is the banking sector. 60% of poverty in Pomona is located in the center of the city. Retail is another big business in Pomona, along with food businesses. Performance and concert halls also play an important role in Pomona's economy. Overall, Pomona is almost stable with the only major problem being some poverty/homelessness, but there is still potential to combat..
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