Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / Nov. 28, 1991, edition 1 / Page 10
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Business Briefs a BUSINESS PROFILE Carpet cleaner an expert in the field By YVETTE N. FREEMAN Chronicle Staff Writer A local entrepreneur has the distinct honor of being the only minority specialty cleaning expert in the Triad area. Rick Froneberger, owner of Miss Jaime Carpet Cleaners of Winston-SalemTTias been iiuhusi only one that's doing what I'm doing in this market, that can say they arc the owner, not a franchise, not a dealership. But to say he's successful and he's done it on his own without some franchise or some dealer company doing all the work Tor hkn, giving him a name, saying that 'hey, it it weren't tor us, ?vou wouldn't be here.' So, 1 am the ~...... ggg 5ggggggg * ^ pany, the Greensboro News and Record, and the Winston-Salem Chronicle. Today, after a lot of training and experience, Froneberger is considered an expert in his field. He has successfully completed training with the Purofirst Compa ny in the areas of fire restoration techniques, water damage, odor Rick and Loretta Froneberger, owners of Miss Jamie Carpet Cleaners, offer more than carpet cleaning services, including furniture and uphoistery cleaning, ceiling and wall cleaning* and smoke/fire and water damage restoration. ncss lor himself since 1988, when he bought the business from anoth er local businessman. His company is the only minority-owned specially cleaning business within a 75 mile radius, and Froncbergcr is the only African-American in thc_area to be an expert in his field. "It's a good feeling to be the only one," said Froncbcrgcr. * Fronebcrgcr did indeed suc ceed on his own. When he firsi bought Miss Jaime Carpet Clean ing, he had absolutely no experi ence in carpet cleaning, and no customers that went along with it. Froncbergcr's background was pri marily in sales, having worked for Goodyear Tire and Rubber Com MONEY WATCH By THEODORE R. DANIELS Pay off your debts Occasionally, we find ourselves in a position to pay off our debts because of tax refunds, higher take-home pay, insurance proceeds, bonuses, lottery winnings, etc. Paying off your consumer debts could give you a greater return on your money than in any moderate-risk investment that you could find in today's market. As you are aware, Uae tax laws have chipped away the benefits of having consumer debts. The 1990 tax year was the last year that any portion of the.interest expenses on your consumer debts could be deducted on your income tax return. If you are like most people with credit card debts which have an average interest rate of 19%, you arc paying $19 for every $100 of debt you owe. Are you earning this much from your investment or savings account? The answer is probably no, for most people, beoeuse moderate-risk investments or savings accounts are not generating ?returns this high. For example, the average interest rate on one-year certificates of deposit i& about 6%. This means yot^eam $6rexelustve of compounding, for every $100 you have invested in a one-year ccr ; tificate of deposit. It's simple, it makes sense to pay off the debt, if the interest rate on your -charge card is 19% or 14% on your consumer ; loan. If you don't have the investments to cash-in or the liquidity to cover emergencies and establish a cash reserve, you have one or two ; choices: a) discontinue the accumulation of any more consumer debts; ; or b) switch the debt to a home equity loan. Currently, the rate on a v typical home equity loan, with an interest rate of two percentage ; points over the prime rate, is 9 1/2% - a lot less than the 19% rate on ; credit cards. In addition, if you arc unable to pay off your credit card account balance you should shift your account balance to a new credit card that has an interest rate lower than the one you currently hold, if : you qualify. The savings realized from the lower interest rate should ; be used to reduce the outstanding balance on your charge card. The benefit of switching to a home equity loan is that the interest ; you pay on the Irian is fully tax deductible. But, keep in mind that a . home equity loan should not be used casually, because it represents a .1 debt on your home. This means, that if you sj>ift your consumer loans ; to your home, ypu should not go out and run up more consumer debt. Keep in mind the following rule, if you can't invest at.a rate equal :io or higher than what you arc paying on your debts, you should pay 'off your debts, alter you have established an emergency fund suffi ; cicnt to cover six months' living expenses. control and deodorization, and specialist in trauma restoration and vandalism clean-up; and he is a member of the International Insti tute of Carpet and Upholstery Cleaners, and the National Associ ation of Home Builders. Miss Jaime Carpet Cleaners-is also a member of the Better Business Bureau. Froneberger, who cxpccls to hit the six-figure mark this year in sales, credits his success to hard work and quality service. "I would say the success has been primarily doing the job right the first time," he said. "Having quality equipment, quality supplies and cleaning ser vices, getting people who are interested in doing the work asifit~ was their own home that they're cleaning. 1 would say those are the key ingredients in getting it the way it is today. It's making sure there are no comebacks. We do it right the first time. And as of today, we have not had one cus- > tomer to call us back and say, 'Come back because you didn't do it right. I'm unhappy.'" The list of the company's sat isfied customers includes the City of Winston-Salem, Wake Forest University, Reynolda Village, First Union Bank, and First Assembly Church of God, plus many others. Froneberger says that in the three years he has been in business, his services have been retained by over 1000 businesses and individ uals. And his overall objective is to become the largest independent specialty cleaner in North Caroli na. But currently, he says he has no plans to expand the business. "We've talked about it, investigat ed it. But we like the small 'mom and pop' atmosphere^he sakU referring to his wife, Loretta, whom he says plays a major role in the business by making sure the jobs have that "female-touch" to them. That "female touch" is just one of the many services Miss Jaime Carpet Cleaners offers. In addition to wall-to-wall car pet cleaning, the company also provides furniture cleaning, uphol stery cleaning, such as leather, dry cleaning, silk, or brocade; on-site drapery c 1 eaningr smok e/t'ire and water restoration specialization, Rick Froneberger heads out for another day of carpet cleaning. He hopes to become the largest Independent specialty cleaner in N.C. j fabric protection, odor purifica- smoke/fire and water restoration to ! tion, and ceiling and wall cleaning.4 its customers. Basically. Miss Jaime Carpet# For more information about ! Cleaners does any type of special- Miss Jaime Carpet Cleaners, call 1 ty cleaning needed. Rick Froneberger at 760-4099 or ! In addition, the company 1-800-273-0706 (outside of! offers a one-year guarantee on Forsyth County). Haysbert, Parks Sausage president, named an SBA 'Entrepreneur of the Year' Raymond V. Haysbert, presi dent of H.G. Parks, Inc., was recent ly named one of the ?fnall Business Administration's National Minority Entrepreneurs of the Year. President George Bush present ed Haysbert the national award ^from the Minority Business Devel opment Agency (MBDA) and the Small Business Administration (SBA), in a ceremony at the White House on Wednesday, ScpL 25. The ceremony was held in conjunction with the national observance of Minority Enterprise Development Week or MiED Week, which ran from Sept. 22-28. MED Week recognizes the out standing contributions and achieve ments of the nation's minority entrepreneurs and the support made by corporate America toward minority business development and Carolinas Minority Supplier honored The Carolinas Minority Suppli er Development Councils, Inc. was sclccicd National Council of the Year at the recent conference of the organization in New York. The Carolinas Minority Suppli er Development Council is a non profit corporate organization that works to expand business opportu ne ics for minority-owned compa nies in the public and private sec tors. Ted A. Little, president of the Triad Council Chapter, said the award recognizes the group's efforts to help minority-owned businesses promote their products and to edu cate corporations in the region about the gtxxls and services avail able Irom minority-owned suppli ers. growth. At the White House ceremony, President Bush recognized Haysbert for his work in transforming Parks, the Baltimore-based company which produces Parks Sausage, "into a household name." Haysbert stated, "I'm not sure j I'm most worthy of nationwide - recognition, but that doesn't weaken the joy I get receiving the award." Triad Pest Control is offering its customized Pest Control Service for inside and out. Call ? for details. Marilyn Gilliam ? Odorless Chemicals Vice President ? Certified Radon Testers ? One time. Monthly or Quarterly Service ? Money Back Guarantee ? Senior Citizen discount 1535 Martin Luther King Jr. Drive 788-3020 1-800-TRIAD-99 N.C. Lic.#FW967 N.C. Watts 1 vl^li n hiHi ' CO Han&s Activewear WE OFFER VALUE AND THE BRANDS YOU WANT! Extra Special savings on Slightly Imperfects and Closeouts for the whole family at 30% to RELAX! Your merchandise is returnable - ANY TIME! Mock Turtlenecks 100% cotton jersey. _ . Adult Sizes S<. M. L, XL.,. .7.- $ 11.99 ea. 2/ Children's Sizes XS, S, M. I $7.99 co 2/s15 Long Sleeve T-shirts 100% cotton. . Adult Sizes S. M. L. XL S8.99 ea 2/ Closeout Sweatshirts c^itoo Heavyweight full athletic cut sweatshirts in adult sizes. Suaa Retail S44 00 ' mmjL It Sweats Basic style tops and pants in durable 7 v4 oz fleece. Rainbow of colors in unisex sizes S, M, L, XL. each On Sale Fit, Sat., Sun. ONLY! Closeout Turtlenecks 100% cotton interlock shirts with logo detailing on the collar. Adult sizes. 2/$25 Ladies Socks Select from new. slouch or bobby styles. Mix & match Champlon/Hanes Acttvewear Outlet Come In and see our new look and product mix! (Previously Hanes Activewear) Winston-Salem Marketplace 2101 Peters Creek Parkway (919) 721 044 2 Holiday hours ? Mon.-lue 10-9, Wed l0-<\ Ihurs ( UlSH), Frt. S?t 910, Sun. 1-7
Winston-Salem Chronicle (Winston-Salem, N.C.)
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Nov. 28, 1991, edition 1
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