Blog #6 - Standard M14 Forms of Businesses; Businesses characteristics of monopoly; oligopoly; monopolistic competition; pure competition

Entrepreneurship interview guide (**End with a personal reflection about your own thoughts about the business and the business owner)

1. Name of entrepreneur/Name of entrepreneur's business/complete address (including zip code)
Alfie Baugh

Clean Cutz

1815 Austin Dr
Decatur, GA 30032-4800

2. Type of business organization

Salon and barber shop
3. Length of time the business has been in operation
The business was opened in 2007

4. List products provided by the business (goods and/or services)

• Food
• Coffee
• Hair products
• Television

5. Number of employees/skills needed to work in the business

8 employees

Skills- cut or style hair
6. List benefits of business to community/What does this business provide that similar businesses don’t provide
Benefits- Having a hair shop close to home,cheap prices,flexable times

Provides- Family environment,free donuts on sundays

7. Major competitor for this business and how this business remains competitive

The shop competitor is this shop half a mile away and Clean Cutz remains competitve by having comunity events at the shop and matching or lowering prices

8. Describe methods used to increase growth of business and any future plans for expansion

They method they use to increase growth is alot of advertising and events. The shop have plans to open another location Old National

9. Three greatest challenges in operating the business

• Locatin, because its alot of shops in decutar
• Workers Commission, So workers dont note all their customers and keep all money
• Break ins, The shop has been broken into two times

10. Three greatest rewards in operating the business

• Profit, the shop has great business
• Connection, you meet alot of people who could be useful for the shop
• Expansion, the shop will be able to grow

Sample Script: Hello, my name is __Maurice McMillian____________and I’m a student in an Economics course at South Atlanta HMS. We’re studying the three types of businesses and we have to interview a business owner in the community to learn something about owning a business. Would you mind answering a few questions for me about your business so that I can share this information with my class….Closing: Thank you very much for taking the time to speak with me.

Reflection

This interview gave me a new outlook on the hair industry. I gained more respect for the shops and learned theres alot more that go into running a shop other than just collecting booth rent. You have to know how to handle money and people , and know how to make rational decisions that will better the business then and in the long run. Alfie Baugh was very informative and is a very smart business owner. She had everything mapped out and was planning future events for the shops to increase business flow. The business is doing great and is rapidly increasing as a whole, I see Clean Cutz as being a mini corporation. I predict that this business will be around mini years to come.