1. What ignited the spark in you to start a new business venture or to make significant changes in an existing business? How did the idea for your business come about? Actually I decided to enter the business field following my father’s achievements. My father owned a convenient grocery store in the past. I worked for a while in it, and after I finished my associated degree, I decided to rent a shell gas station. 2. How do you find people to bring into your organization that truly care about the organization the way you do? At the beginning, I hired my brother to help me running the gas station.
After it started getting busier, we hang signs on the door that says “We are hiring. ” Anybody who comes asking for the job, we ask them for a CV and at least three references to make sure they are trustworthy. 3. What would you say are the top three skills needed to be a successful entrepreneur? a.
Most important one is to be confident in what you do. b. Being organized and knowing how to manage your time and paperwork. c. Knowing how to motivate yourself especially in the bad days. 4. What three pieces of advice would you give to college students who want to become entrepreneurs?
a. Never be afraid. b. Learn how to be a moderate risk taker. c. Be organized. 5. How has being an entrepreneur affected your family life? At the beginning, we suffered because my income wasn’t enough, but as the days moved on, we started getting better. Of course I don’t have much time for my family. I just take one day off every week. I usually take one week vacation in the summer. 6. What is your greatest fear, and how do you manage fear? My greatest fear is the fear of losing customers, and my business gets slower than the days before. I manage this kind of fear by keeping some cash in reserve to tide the store over the slow times.
How did you decide the location of your business? There was a land for sale at that time, and luckily its location was in between two cities. So I reacted very quickly, and called the seller to purchase the land. 8. What have been some of your failures, and what have you learned from them? What are some of the biggest mistakes you’ve made? My biggest failure was rehiring a non-trustworthy employee. This employee tried to steel me several times in the past, and when he begged me to hire him again, I accepted his request. The surprise was when he tried to steel me one more time after that.
I learned from my mistakes by being careful when I give my trust to anybody. 9. If you had to talk to one person from history, who would it be and why? It would be Martin Luther King Jr. because he put the foundation of justice between all races in the United States of America. 10. In one word, characterize your life as an entrepreneur. Where you see yourself and your business in 10 years? 20 years? In one word, my life as an entrepreneur was “Risky. ” After ten years, I will own more gas stations, and I will rent them to other entrepreneurs.
Cite this Entrepreneur Interview
Entrepreneur Interview. (2017, Feb 24). Retrieved from https://graduateway.com/entrepreneur-interview-2/