Description
This assignment is a little different and I don’t have the time to complete it. We are required to interview an Entrepreneur and write a report on it. I will upload files with further instructions. I have made some questions based on the outline and I did a zoom interview which I recorded and has the answers to the interview. There are two audio files with the interview recorded. Please reference for answers. Also, use your discretion on how many sources I need I have selected a random number.
Questions for Research Assignment
Decision to become an entrepreneur: motivation, personality characteristics, attitudes and behaviors (chap. 1)What are the main characteristics and essential skills that you had that led to your success?
Discuss and get their perspective on at least two of the entrepreneurial “myths” outlined in the text. What are your thoughts on these two myths;Entrepreneurs Are Born, Not Made
Entrepreneurs Should Be Young and Energetic
What was your motivation for starting his/her business venture? Was there a particular circumstance that encouraged or forced you into entrepreneurship?
Recognizing opportunities and generating ideas (chap. 2)Where did the idea for this business come from, and why did you decide to peruse it?
How did you identify the opportunity?
Under what market conditions did you approach the start-up of his or her business venture?
Did the entrepreneur identify a challenge or problem that they could solve? How did you go about finding a solution?
Was there a gap in current market offerings that the entrepreneur felt you could fill?
What role did your prior knowledge and experience play in the creation of your business idea?
Feasibility Analysis (chap. 3)What were your initial thoughts on your original idea?
Did that change once they had conducted more thorough analysis?
The Business Model and Core Strategies (chap. 4)How was your business model different than others?
What was the standard model by your competitors?
just ask general questions about revenue streams (where revenues come from), cost structures and levels of financing required, if any
Industry and Competitor Analysis (chap. 5)Describe the various barriers to entry in this industry and how did you approach them.
How has the industry changed today?
Marketing Strategies (chap. 11, and your previous marketing classes)Who was your target market?Average mediocre person, Middle class people.
How did you brand yourself?Has to have
Product?
Price?
Place?1 our radious
Promotion?
Critical factors/challengeswhat are the key factors for success in this industry as a whole?Exit plan
What really set your business apart?Very good at purchasing the
Entry time can me the telthe exit plan
Briefly discuss whether there are any legal safeguards in place, such as proprietary technologies and processes, trademarks, patents, etc. to protect your subject’s market position.
Always do job first and then think of the money at the end not during the job.
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