Entrepreneur Interview

Interview

Jamison Purry

Small Business

Devry University

January 27, 2014

What three traits do you think most entrepenur must posess to be successful?

Optemistic, persistant, a visionary

What type of person becomes this type of risk taker?

The kind of person who takes the risks involved in starting a small business are those who see things in an optamistic light.  They see opportunity first then they weigh the risk.  These people are very calculated and analitical.  

What challenges did he or she face and overcome?

Building a customer base was the biggest challange, she began her business while staying at home with her new born baby and had a hard time getting out to promote herself.  

What failures did this person have?

There were no failures the only thing she mentioned that was experimental was some partnerships with people doing similar things, and they were not profitiable but they were also not a loss because there was no money invested on her part.  

How many companies has he or she started?

THis was her first, she had dreams of starting a coffee shop and had dreams of developing a non-profit but neither came to fulission.  

How successful is he or she?

She has been successful over the three years in which she has started the business.  She has profited overall but has not made a significant effort to grow the business, she just has been maintaining over the last few months and plans on selling the business to someone who is willing to grow it further.  

Why is this person successful?

She has made a profit and if she wanted she could contunue growing by advertising.  

Why did he or she become an entrepreneur?

She had always wanted to have her own business, but it wasn't until her daughter was born and she quit her job, that she had the time.  

What is this person's measure of success?

Profit and Loss

What did you learn about entrepreneurship from this interview?

I learned that even though you may have the passion for something you can still get to the point where you are done and want to move on.  She just got to the point where she did not want to put in the effort anymore, and I think this shows that she is not a "true" entreure.  

If you sell your business, will you start another one?

Maybe, if I did I would want something that would be big enough to have me manage insteadof doing the majority of the work myself.  

Would you recommend starting a business to a friend?

It depends on the friend, it is not something for everyone, and I think it is really only for about 10% of people, hardworking people.