Topic > more about the hairdressing industry. The barrier to entry in this industry is quite low. Which initially sounds good because it means it will be easy to start a barbershop or hair salon; however, when the barrier to entry is low it means there will be more competition. Naturally, when something becomes simpler, more people will find themselves going 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 provided us with some key factors that companies need to follow and meet to succeed in this industry. ..... ; 10% earn $90,217 and 25% earn approximately $131,558. Working in the banking industry, employees receive good benefits such as social security, disability, healthcare, retirement, and time off. There are several economic trends affecting Pomona. Pomona as a city is 6% lower than the national median household income. The most populated sector is Sales and Offices with 24.44%. Close behind are manufacturing, transportation and materials movement at 24.12%. The general economic outlook for Pomona is that the sector with the most money is banking. 60% of poverty in Pomona is concentrated in the city center. Retail is another big business in Pomona along with food businesses. Entertainment and concert venues also play an important role in Pomona's economy. Overall, Pomona is mostly stable, with the only major problem being poverty and homelessness, but it still has potential to improve.