Title: Explain the procedure for obtaining a lease or purchasing a building.
Course: Master Barber III (Three-year Program) (19002-III) > Section: Creating a Barbershop Business Plan

Explanation should include

- getting professional advice
- having knowledge of how to acquire the necessary loans, insurance, permits, and licenses
- having a written agreement between yourself and the owner of the building.

Process/Skill Questions:

- Who should be contacted to obtain the necessary financing to lease or purchase a location?
- Who should be consulted before the purchase or lease of a business?
- What are the advantages and disadvantages of purchasing a building?
- What are the advantages and disadvantages of leasing a building?