Describe the opportunity that the entrepreneur decided to pursue and the process the entrepreneur used to evaluate the opportunity.

Interview an entrepreneur in an industry or business that interests you. Focus on how and why this entrepreneur started his or her business. Be sure to include the following:

The entrepreneur’s name, addresses, title, company name, and phone number

1. a. Background

• How did you find this person and why did you choose him or her?
• What influenced the entrepreneur to identify and pursue this opportunity?
• How did the entrepreneur’s background (family history, prior education and work experience) affect the opportunity discovered?

 

1. b. Describe the opportunity that the entrepreneur decided to pursue and the process the entrepreneur used to evaluate the opportunity.

• How did the entrepreneur evaluate the opportunity?
• What criteria did the entrepreneur use to determine whether to pursue the opportunity?
• What were the perceived risks of this opportunity and how did the entrepreneur expect to manage them?

 

1. c. What did the entrepreneur do to turn the opportunity into a business?

• Identify specific activities the entrepreneur undertook to develop the opportunity into a business.
• Identify important contacts and individuals who were helpful during the start-up process.
• What major problems were encountered along the way?
• How were these problems solved?

 

1. d. What advice would the entrepreneur give to someone thinking about pursuing an opportunity?

• What were the success factors of the business?
• What was the most triumphant moment for the entrepreneur
• If he/she is to do it again would he /she do it?

 

1. Please reflect on and summarize your learning from the interview

 

1. Please write a Thank You note for the entrepreneur thanking for taking the time to meet with you