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Business enterprise assignment
1. What gave you the idea to start your own business?
à A need for independence and Entrepreneurial spirit
.what motivated you to start your own business?
à I worked in a government job for 6 years and then there was a big layoff so I figured that that was my opportunity.
. How long have you been in business?
à 8 years
4. Did you succeed at first or did it take time?
àIt took time
5. Did you start on your own?
à Yes
6. Have any changes taken place in your organization since you began?
à Technology updates
7. What are your responsibilities?
à My responsibilities include sales production and delivery
8. Are you pleased with your financial success?
à "An entrepreneur is never satisfied with financial success"
. How was your business financed in the beginning?
àI made a personal investment and also took out a small loan from the bank.
10. What skills and characteristics make you a successful entrepreneur?
àSkills I am very good at what I do
àCharacteristics natural passion to produce the best possible product service and being self started, regardless of the number of hours needed to complete the task.
11. Do you feel that you have reached your goals?
à I feel that I have reached my goals to date
1. What are your plans for the future?
àI plan on an early retirement.
1. What suggestions do you have for somebody that is starting their own business?
àHave a good plan, do lots of market research, know your competition and plan to work long hours.
14. What risks do you feel that you have taken?
à I feel that I have taken financial risks.
15. What do you feel the advantages and disadvantages are of being and entrepreneur?
àAdvantages you control your own time and income
à Disadvantages long hours and occasional long periods
16. What changes would you have made if you had a second chance?
àI would have taken advantages of more government opportunities because often times your to busy to work alone but not busy enough to work to hire someone.
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