Passive income: NO

Starting a barbershop business can potentially lead to passive income once it is established, but achieving true passive income in this industry is challenging for most individuals. While there are opportunities to automate certain aspects of the business and hire staff to handle day-to-day operations, ongoing management and oversight are typically required. Achieving passive income in a barbershop business is more feasible for experienced entrepreneurs who have a strong team in place and efficient systems for running the business. It is not common for most barbershop owners to completely step back and earn passive income without any involvement. Therefore, while passive income is possible in the barbershop industry, it usually requires ongoing effort and management to maintain. Costs range from $20,000 to $50,000 for starting a barbershop business.