Entrepreneur interview & Personal Analysis Essay

Entrepreneur interview & Personal Analysis - Essay Example A decision maker, leader, communicator and a good team player is what an entrepreneur is. This paper provides an analysis of the personality of a small business entrepreneur. Entrepreneurial Interview This paper deals with analyzing and conducting the reflective study of the small business entrepreneurs. The interview conducted here reflects upon the background, motivating factors and personalities of the businessmen. The survey questionnaire contains 15 questions which are aimed upon discovering the personality traits and capacities. The survey has been conducted with the owner of fashion boutique, Ellen Sandry. Ellen has been a successful entrepreneur for a few months and has been really successful in quite a short time. Fashion industry has motivated him a lot and considering the interests, the interview responses have been analyzed below: What is you educational background? Ellen has studied fashion designing at a reputable institute and this education aroused interest in pursuin g the field of fashion as his personal career. Besides interest, Ellen feels that the scope of fashion industry has gained great heights in the present era and thus, it would be a good initiative to take up. What have your previous experiences been? The entrepreneur’s response to this question was amazing as he mentioned many experiences that he has been through recently. He has taught, worked as a steward at a hotel and interned at a local bank for a while. Later on, his professional enthusiasm compelled him to start his own business. How did you get into this business? In reply, Ellen mentioned that his interest brought him into this business. He had a passion for colors, beauty and money. Thus, this capacity seemed to be suitable. How many employees do you have? Ellen has only two people who look into his business. He calls them his helpers and pays them a good salary at the end of every month. They manage his boutique on a daily basis and even stay overtime and help Ellen wind up the necessary tasks. How do you finance your business? Ellen mentioned that he already had enough capital at the time of initiation of his business. Besides this, he takes small loans from the financial institutions and invests them into business. What have been the major challenges that you have countered while initiating and managing the business? Ellen Sandry has been a successful owner of a small boutique and earns good profits every month. According to him, it is necessary to take risks and accept challenges with good entrepreneurial skills. During the starting up of his fashion boutique, he had to counter the shortages of finance, skilled labor, and inventory. Moreover, decision-making was an area where he was not much confident. Besides this, arranging for a considerably sophisticated infrastructure also became a problem which he quickly managed with the help of his own skills. Do you take social and environmental factors into consideration? To this Ellen replied tha t while starting up his boutique, he assured that it will not create any negative externalities for the society. He took care of all the security standards, societal costs, and made sure that the environment is not affected from the existence of his business in any way. How does the economic environment impact your business? The economic booms and depressions impact all the businesses and similarly,