Are you married and are your family members entrepreneurs? I am married to a wife that is one of my partner in the business. One of my siblings is an IT expert and works with me in my industry. What is the educational background of the family? Our family is made up of IT experts, and it was one of the motivational factors that encouraged me to start up the business. What is your work experience? My work experience is mainly in the software industry where it has enriched mew with a lot of knowledge concerning software issues (Purwanto, 2016). The entrepreneur of my choice is Michael Clenn of Clennmic software enterprises. How did you start up the business? I was working with a particular hospital as an IT expert thus through the experience I had from the hospital.How did you recognize your opportunity? I decided to build software because I was a software engineer. I was not happy with how the hospital management was handling software issues (Raj, 2016). I was very creative at my workplace and realized that I could do better as an entrepreneur. I sketched a business plan that became real.
What were the challenges that you encountered after starting the business? I had problems with my cash flow management. I invested everything in my company; thus paying my bills was a problem. Paying employees was also an issue as in the beginning there was a lot of expenditures but no income. I also had problems with marketing my services due to financial difficulties. How did you solve your problems? For the cash flow management, I decided to have down payment for my services that covered all the expenses (Nieminen, & Hytti, 2016). For marketing strategies, I outsourced someone who was in charge of it. How can you advise someone that is starting the business? When one wants to start a business, choose the right company, budget well, know investors and focus on success. Any benefits of running a business? There are flexibility and satisfaction. How long did it take to make a profit? It took me like six month because I was busy paying bills and adding assets.
References
Nieminen, L., & Hytti, U. (2016). Commitment to an entrepreneurship training programme for self-employed entrepreneurs, and learning from participation. Education+ Training, 58(7/8), 715-732.
Purwanto, A. (2016). Cultural capital and business success among entrepreneurs. Journal of Economics, Business & Accountancy, 19(2), 227-236.
Raj, S. (2016). Problems Faced by Entrepreneurs: A Special Reference to Micro and Small Entrepreneurs in Mumbai and Pune.