Student Insights for Entrepreneur Interviews
Entrepreneur insights and perceptions related to their businesses were obtained through interviews conducted by students. Student insights and reflections regarding the interview process are shown on this page.
Simply scroll down the page to view. They are shown with the most recent reflections appearing first.
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| This project helps me to understand it is not easy to start a company and the risk of failing is high. A lot of things need to be considered before I start. I need to know every aspect of the industry just to be competitive. In addition to that, the capital is absolutely necessary. On top of that, there's also other unpredictable factors such as government regulations and demographic change that could significantly affect the business in a long run. I need to do a lot of homework before I start and finally I need a strong heart to stay in the business. |
| Date Submitted: 2010-09-22 12:52:46 |
| In here most Chines people like owe a small business or doing family business, especially they have more confident to operate about restaurant or cold drink store, Bo-Ba milk-tea or bakery shop. I think 10 out 2 could be success, most one are just tie. They worked hard but not making money, just keep for live, if they can support for family, which is good enough. I know is not easy to be success, sometime needs good luck. For my opinion the important element is {In a Good Times, opportunity, occasion at right place, have a good partnership, wish good luck}. Anyways there is no free lunch, you gain what you paid. |
| Date Submitted: 2010-09-27 19:57:02 |
| Though the interview, I learn some valuable lessons with regards to running a business, managing expenses, the importance of budgeting, networking, etc. I learn that a business can’t survive if it doesn’t keep up with competitors and be aware of the market condition. It is also important that a company needs to maintain liquidity at all time to pay for short term obligations and other emergency needs. Networking is also vital to the success of a business because many people are using social websites nowadays, and though the internet many people know about the business which in turn will create more opportunities. I also learn that keeping good relationship and always strive to make the customers satisfied with our services or products are very important to the success or failure of a company. Overall, it was a good learning experience for me and only though the interview that I know more about running and managing a business. |
| Date Submitted: 2010-09-29 11:35:05 |
| This project was a huge eye opener; I have heard about people loving their job and making a huge income but have never really seen anyone who loves their job as much as interview. They had this dream for as long as she could remember and she did it. What I also like is the advice they said "even though you work for yourself you really work for other”. That really applies to my field, as aspiring to own and manage my own equine training barn I would work for both horses and there owners. I must be able to deal with people in a positive manner. If you burn to many bridges, you won’t have a business. |
| Date Submitted: 2010-09-29 14:56:23 |
| What was most meaningful to me was to "learn business no matter the industry". This really struck me because I realized no matter what industry, big or small, boring or fun, easy or hard, there is always a business portion. You could have an outstanding idea but with poor business practices, a business could collapse very quickly. Another important point was the changing of technology and to stay updated with a changing industry. New and improved technology can affect how a company can stay ahead or get ahead of any competition. |
| Date Submitted: 2010-09-29 22:26:44 |
| After the interview, I left excited and hopeful. The biggest impact I admired is her handling the economy and how proactive she is building business. She is not sitting around waiting, she is active, aggressively focusing on retaining clients and gaining new referrals. I believe she is passionate about her business and it shows. It was meaningful to get into another entreprenuers mind. To see how they think, what motivates them and what are their aspirations. I like the fact that she is on top of her game. She knows her business and it is noticeable from when I first walked in through the front door. The salon was clean, updated, focused on one professional hair care line - Paul Mitchell. She uses "branding" through out the salon that gives a great first impression. I like her passion! In how she networks with other organizations in the community to promote her salon and staff. I like how her business gives back to the community, such as helping women from domestic abuse shelters get a new image, from hair and makeup, to new outfits and shoes to help gain employment. Overall my impression with this entreprenuer left a very good impression and as a good point of reference to reflect on and move forward. |
| Date Submitted: 2010-10-01 13:16:08 |
| This project was very meaningfull because it really opens my mind to what will happen in the future. Also this helps me feel support and confidence that i will be able to start and run my own business. This will not only help me with starting my business but also in life. an dyou get to think how fun it wil be to be your own boss and if you fail you can always get back up or not its your choice. This project is meaininfull becuase its tips and there are some things i can do different or leave the same and learn from this whole expericne. |
| Date Submitted: 2010-10-03 20:58:11 |
| This project provided me with an opportunity to talk with a business owner who has gone through the ups and downs, the process of starting and maintaining their business. I was able to interview the owner and learn what his thinking was before he started the business. As well as what it took to grow and maintain it over the years. Also, looking backwards at what he would have done differently. I learned that experience is the best teacher and we can learn from others and put that to work for ourselves when we start our own business. Owning your own business is a huge responsibility, an on going job. It's not a 9 to 5 type position. I can see the possible rewards of independence, personal fulfillment. The fact that you did it on your own, created it and grew it until it blossomed would bring a personal satisfaction and fulfillment. Something to consider, are you 100% dedicated, are you willing to put this firm as your top priority in your life, or would working for someone else be a bit easier. I think if you found the right job, perhaps teaching,you could still find personal fulfillment. When the clock strikes 5 PM, you can walk away, leave the stress and worries behind and head home. Whilst owning a firm the responsibilities never leave, there is no 9 to 5. Not to mention would you need partners, the legalities and Taxes one must factor in. Perhaps a person needs to find a real passion for something in order for it to really be worth while. |
| Date Submitted: 2010-10-04 09:44:36 |
| I have known Mr. Estep (Jeff) for sometime now and have myself done business with him over the years. Jeff has been both a business partner and mentor to me over these years. My take away from this exercise was that I was again in a position to "set at the feet" of a very helpful gentleman who has "paid his dues" in the process of growing his business, yet still finds time to put aside in his busy business schedule to help mentor along someone like myself who is just now entering the world of "owning my own business". I learned that there are always things we can learn and that if we remain "teachable" we can make our individual goals a reality. |
| Date Submitted: 2010-10-04 12:16:34 |
| while I was in the process of trying to find someone for this interview I instantly thought of my uncle whos been doing business with him mother. The way he came about this management position was because he had just been layed off from selling nissans at the dealership. He was very young and good with people so his mom gave him the job with out having to move up the ranks. I think that that was a risky thing to do because he did not have all the tools and education to do so. So everything was through learning on the spot and trial and error. Romero gave me some good insight on his perspective about running a business and its benefits and hardships. The first thing he said that came to mind was that running a business everyday is like an exam. its like a test that needs to be passed because the more times you drop the ball the more likely you are to lose money very fast and your business is done before you know it. Another thing that stuck with me was that business depending on your industry can be very cut throat. a little metaphor he gave to me was that in times like now were people are scared to spend money that businesses are eating from a grape rather then the watermelon thier use to. So many people are doing business that its effecting the scale of anyone to gain maximum profit. |
| Date Submitted: 2010-10-04 13:39:07 |
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