10 May WERE YOU SURPRISED BY THE OWNER’S BACKGROUND RELATIVE TO THE BUSINESS HE OR SHE OWNS?
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.
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