Success of an Entrepreneur
Choose a successful entrepreneur with a successful business
that interests you. The entrepreneur may be someone you know or you may select
an entrepreneur from the list of entrepreneurs located at
http://www.empact100.com/list or http://www.topbusinessentrepreneurs.com/.
Then, address the following elements:
Business profile. Interview or research the business owner
online, and answer the following questions (Hint: Answer as many questions as
possible.):
What size is the business? How many employees are there? (If
possible, identify the revenue base.)
How long did it take the business to make a profit?
Why did the entrepreneur decide to go into business? How
many years has the entrepreneur been in business?
What main product or service does the entrepreneur sell?
Who was the first client?
Who are the entrepreneur’s customers?
You may address other questions you want related to the
business profile.
Owner profile. Now, interview or research the business owner
to find out more about his or her personality. Answer questions that will help
you develop a personal profile about him or her. The following are a few
questions to consider beginning with:
What is the entrepreneur’s background?
Identify 2 advantages of owning this business?
Identify 2 disadvantages of this business?
How did the entrepreneur prepare for his or her business?
Does the entrepreneur have specific training or a degree?
How might the entrepreneur stay current with innovations and
technologies in his or her industry and for his or her business?
You may address any other questions you want related to the
owner’s profile.
Write an analysis. Separate the sections between the
business profile and owner’s profile. Then, complete the following:
Write an overview of the business and the owner from your
interview.
Summarize any connections between the business and the
owner’s profile.
Were you surprised by the owner’s background relative to the
business he or she owns? Create a profile by detailing the business, owner, and
summary of your analysis.
