Interview with a Barber Shop Owner Essays -- Business Management Inter

Have you ever wonder what it is like to be the owner of a barbershop? Well Raymond capital of Mississippi, owner and hustler of Your Barbershop, is the mavin you should learn from. Not only do you get to work for yourself in this recession-resistant growth industry, you get to revive an American tradition while fate upscale clientele with your staff of professionally-trained employees, all with the support of the latest technology, proven operating philosophy, and an experienced management team at your disposal. In a two-hour interview, Mr. Jackson was asked a series of questions pertaining to his work atmosphere, personal goals, and personal thoughts about his establishment. This report will illustrate the necessities of running an established business. When asked, What, in your own opinion, would make other successful in this position? he said, You need a lot of people skills. He believes in order to run a barbershop you need to be able to meet the needs of the customer. If the customer is not satisfied, you will lose their business. You must be patient. If not, the customer will not return for more service. Its all about keeping the customer satisfied. This led him to the topic of supply and demand. Most of his profit is dependent on what the customer indigences. For example, if the customers contract in and want to purchase a bottle of water, you have to provide the water at their convenience. This will keep the customer satisfied and ensure their return for more business. sometimes business gets slow. He feels the need to bring in more customers. To achieve this goal, he offers various incentives such as discounts. The discounts allow more people to come in and e... ... in its current state, and consumers directing more of their resources on fuel costs, have your business felt a slowdown?a.No, due to the fact that customers noneffervescent tend to keep up their appearance13.As a small business owner, how do you plan your budget for your business?a.By paying oversight to the supply and demand of the customeri.He buys what is needed14.What does your company do to retain existing customers?a.Consistencyi.Keeping up with what the customers want15.What is your number one source of new business and how do you get it?a.Siblings/families/friendsi.Referralsii.Growth of family16.What is competitions biggest advantage over you and how do you intend on fixing this problem?a.Advantagei.Technology1.Computers2.Accessoriesb.Intentionsi.Add these things and more in the near future