The Entrepreneur Next Door

INTERVIEW AN ENTREPRENEUR

At the conclusion of the visit students will prepare oral and written reports. Business: Name. Location: Entrepreneur: Part 1. INTERVIEW QUESTIONS. 1. How is

MUSC 5968

Each student will interview an entrepreneur of his/her choice. The goal is to through the questions in a mock interview with a friend.

Class Interview: 1. Check for copies of the interview questions. Review appropriate manners for guest visits and remind students to ask questions rather than

30 Behavioral Interview Questions

Scroll through for the best questions to ask and tips to glean the answers you need. 30 Behavioral Interview Questions 3. Page 4. 6 soft skills that reflect

MUST KNOW VISA INTERVIEW QUESTIONS

Existing entrepreneurs will remain on this route and can still apply to extend their visas bring their families to the United Kingdom

Personality Traits of Entrepreneurs: A Review of Recent Literature

questions arise as to when and how the personalities of founders should be interviews with 129 successful women entrepreneurs in the United States ...

Building Entrepreneurial Self-Efficacy (ESE): How Undergraduate

This interview-based study was guided by the following research questions: Question 1: How do undergraduates make meaning of the role of entrepreneurship.

Business / Economics Interview Questions Marketing Interview

Business / Economics Interview Questions. • Describe a time you were able to draw conclusions to achieve a new idea from two seemingly unrelated things.

UNCSO

2. Research Methodology. Mrs Izaaks can be considered as a social entrepreneur because of her intention to change social problems in her closer environment with

Small Business Interview Questions

Small Business Interview Questions. • What are your plans for reopening your business in terms of timing phasing

30 Interview Question to Ask an Entrepreneur

30 Interview Question to Ask an Entrepreneur Recommended Questions to Ask: 1 Why did you decide to start your own business? 2 What advice would you give to someone just starting their own business? 3 How do you deal with fear and doubt? 4 What routines do you follow each day? 5 Where do you see your business in five years? Ten? 6

15 questions to ask an entrepreneur on starting a business

If asked this question be honest and specific about your future goals but consider this: A hiring manager wants to know a) if you've set realistic expectations for your career b) if you have ambition (a k a this interview isn't the first time you're considering the question) and c) if the position aligns with your goals and growth

INTERVIEW AN ENTREPRENEUR - Nebraska

INTERVIEW QUESTIONS How is this business organized? (sole proprietorship partnership corporation ) How long has this establishment been in business? How would you characterize yourself? (energetic responsible etc ) What made you decide to go into business for yourself? Who are your competitors?

The Entrepreneur Next Door - University of Arkansas

Individual Interview: Have students find an entrepreneur who is a relative friend or neighbor and to conduct an individual interview This will allow students to practice research and interviewing skills after their group practice in class Limit the interview to 30 minutes

leay:block;margin-top:24px;margin-bottom:2px; class=tit wwwibrcenterorgEntrepreneur Interview Questions When did you start thinking

Who influenced you to want to become an entrepreneur? What talents do you possess that have helped you in your business? What are the most important characteristics a person needs to be an entrepreneur? What are the least important characteristics to be an entrepreneur? What are the biggest challenges of being an entrepreneur?

Should you interview an entrepreneur?

If you have the chance to interview an entrepreneur, it's a brilliant way of establishing whether setting up your own business is the right choice for you. Experienced business owners are often very happy to share their knowledge with budding entrepreneurs. Asking questions and getting other people's opinions can save time and effort.

What questions should entrepreneurs ask about managing a business?

Operations are focused on issues like how many employees a company needs, how to identify top customers, how to differentiate yourself from competitors in the market, and how to divide responsibilities amongst the team. Here are some of the top interview questions to ask entrepreneurs regarding managing their business. 21.

How do you evaluate an entrepreneur's career?

In the early stages of an entrepreneur's career, they may have perceived success differently than they do now. Drawing on your interviewee's career experience and personal growth can help you evaluate your own priorities. For example, they may say their priority now is creating happy, productive teams and a healthy work culture.

What is a good interview question?

(H, SME, BI, CP) This is normally going to be one of the first interview questions about the business. The interviewer is looking for a moment where you can give some background about your history and connect with your potential customers, employees, or investors. Make the store interesting, but quick.

Entrepreneurship: Arkansas Style 1 © BMCEE

By: Lesley Donaldson

The Entrepreneur Next Door

FOCUS:

Overview:

This lesson is designed for students to understand that an entrepreneur can be a really famous and successful person or simply a neighbor who has started a business in order to make a living from a passion. Students first interview an entrepreneur as a group when one visits the class. Then they are assigned to find entrepreneurs in their neighborhood or among their friends to interview. Through this interviewing process students will understand the costs and benefits of entrepreneurship. The benefits must be greater for a person to continue functioning as an entrepreneur.

Objectives:

Learn and discuss what makes someone an entrepreneur Define major characteristics that entrepreneurs exhibit Define what determines whether or not a person is an entrepreneur

Background Information:

An entrepreneur is a person who starts a new business venture. They have developed a talent for seeing opportunities and have the abilities to develop those opportunities into profit-making businesses. Entrepreneurs have to be persistent. They are faced with obstacles daily. They must be able to solve problems. They work long hours but feel great pride in their accomplishments. They are very creative in the way they solve problems. All of this is evident through the entrepreneur interviews.

Curriculum Multi-tasking:

Economics

Entrepreneurship

Language Arts

PREPARE:

Materials:

Entrepreneur needed for a class interview

Handout 4.1 - Entrepreneur Questionnaire to be used when the entrepreneur visits the class Handout 4.1 - Entrepreneur Questionnaire to be used for the individual entrepreneur interviews

Handout 4.2 - Costs/Benefits Analysis

Entrepreneurship: Arkansas Style 2 © BMCEE

Construct:

1. Locate a local entrepreneur that you can ask to come to your classroom to talk with

your students. Your students and their families may prove to be valuable resources for this.

2. Contact the selected entrepreneur by phone or email to invite him/her to come to

your class. Explain that you are studying entrepreneurship and provide the list of questions. Determine a good time for the visit. (Note: It is appropriate to share with your building administrator that the guest is visiting.)

3. Talk to your students about who is coming, what s/he does, and discuss the list of

interview questions. Add to this list as you feel necessary.

4. Confirm the visit two days before. Offer any technology assistance or directions to

the school.

TEACH:

Introduction:

Ask students to define entrepreneur and to provide examples. Ask if they know an entrepreneur. Discuss how a person becomes an entrepreneur? (Entrepreneur is the person who recognizes market opportunities and then combines the necessary resources to bring the product, good or service, to the marketplace.)

Activities:

Interview Preparation:

1. Distribute entrepreneur questionnaire to students. Assign groups of students'

responsible for covering each section of the interview form. This simplifies the questioning.

2. Explain that each student is responsible for answering all the questions during the

interview process.

Class Interview:

1. Check for copies of the interview questions. Review appropriate manners for guest

visits and remind students to ask questions rather than share their experiences.

2. Encourage the students to ask the entrepreneur questions that are on the interview

sheet and any other questions they generate. By the end of the interview the questionnaire should be completed.

3. When the entrepreneur is finished, encourage the students show of appreciation.

Also have students write thank you notes.

4. After the entrepreneur leaves, allow time for students to discuss with their groups

and to complete the questionnaire.

5. A class discussion can help to fill in any information gaps and share the points of

interest. Each business is unique so each discussion varies.

6. As a class, complete Handout 4.2 - Costs/Benefits analysis of being an entrepreneur

using this specific business.

Entrepreneurship: Arkansas Style 3 © BMCEE

Individual Interview:

1. Have students find an entrepreneur who is a relative, friend or neighbor and to

conduct an individual interview. This will allow students to practice research and interviewing skills after their group practice in class. Limit the interview to 30 minutes.

2. Have students submit the interview form. Have a class discussion about the most

interesting information and the commonalities of the interviews.

Closure:

Discuss the benefits of entrepreneurship and the costs. Ask students to share their desires to be an entrepreneur if they exist.

Evaluation:

Performance Task:

1. Complete a Costs/Benefits analysis for the entrepreneur interviewed by the

individual students to see if they understand the evaluation technique.

2. Have students read the Dog Party USA Case Study in the appendix and complete

the entrepreneur interview based on the case study.

CONNECT:

Technology:

Visit http://www.youngmoney.com/entrepreneur/student_entrepreneurs to read about business goals of young people and the real businesses they have created. Write a page summary of a youth business of interest to you. Discuss the obstacles cited and the reasons the business was of interest to you.

Standards:

Standard 14: Profit and the Entrepreneur

Entrepreneur is the person who recognizes market opportunities and then combines the necessary resources to bring the product, good or service, to the marketplace. Grade 8- Benchmark 2: Entrepreneurs accept the potential risk of business failure because they hope to earn a profit on their investment. Grade 8- Benchmark 3: Entrepreneurs and other sellers earn profit when buyers purchase the product they sell at prices high enough to cover the costs of production. Grade 8- Benchmark 5: In addition to profits, entrepreneurs respond to other incentives including the opportunity to be their own boss, the chance to achieve recognition, and the satisfaction of creating new products or improving existing ones. In addition to financial losses, other disincentives to which entrepreneurs respond include the responsibility, long hours, and stress of running a business.

Entrepreneurship: Arkansas Style 4 © BMCEE

Grade 12- Benchmark 1: Entrepreneurial decisions affect job opportunities for other workers.

Activity 1: Entrepreneur Questionnaire

Business Name:

Owner:

Nature of Business:

Opening Date:

Interviewer:

Business Concept:

1. How did you get the idea to start your business?

2. How long have you been in business?

3. Describe the goods or services provided.

4. How do you make your products different from those of others?

5. Have you changed your product over time?

6. What is your legal form of business? (single proprietorship, partnership, or corporation)

Market:

7. What is your target market?

8. Who are your competitors?

Advertising:

9. How do you advertise your product?

10. What type of advertising has proven the most effective?

11. Have you tried any electronic advertising techniques? If so, how successful have they

been?

Challenges & Rewards of Ownership:

12. What obstacles have your overcome?

13. What are the rewards of owning your own business?

14. What background skills, knowledge and experiences help you in your business?

Employees

15. How many employees do you have?

16. What skills do you look for in employees?

17. What other specialists do you utilize (interdependence)?

18. Do you have any incentive programs to promote employee retention?

19. What should students learn in school if they plan to be an entrepreneur?

Financing Your Business:

20. How did you finance your business start-up and/or expansions?

21. Did you cash in personal savings or mortgage your home?

22. Did family members help to finance your business?

Global Interdependence:

23. Do you buy products from or sell to other countries? If so, which ones?

Productivity:

24. Are there ways you could use technology to improve your business?

25. What skills make your employees more productive?

26. Do you use capital tools that increase productivity?

Economic Conditions:

27. What local or global economic conditions affect your business?

Handout 4.2 - Costs/Benefits Analysis - Possible Answers Use this chart to list and review the costs (things you give up) and benefits (things you gain) from starting and operating your own business.

Costs Benefits

1) Time with family 1) Determine work schedule

2) Calm work environment 2) Sense of accomplishment

3) Normal work hours - 40 hour

week

3) Pride in success

4) Boredom of job 4) Enjoyment of solving problems

5) 5) Passion for job

Handout 4.2 - Costs/Benefits Analysis

Business:

Use this chart to list and review the costs (things you give up) and benefits (things you gain) from starting and operating your own business based on the entrepreneur interview. Costs Benefits 1) Time with family 1) Determine work schedule

2) 2)

3) 3)

4) 4)

5) 5)

6) 6) 7) 7) 8) 8) 9) 9)

10) 10)

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[PDF] The Entrepreneur Next Door - University of Arkansas

Should you interview an entrepreneur?

What questions should entrepreneurs ask about managing a business?

How do you evaluate an entrepreneur's career?

What is a good interview question?

Entrepreneurship: Arkansas Style 1 © BMCEE

By: Lesley Donaldson

The Entrepreneur Next Door

FOCUS:

Overview:

Objectives:

Background Information:

Curriculum Multi-tasking:

Economics

Entrepreneurship

Language Arts

PREPARE:

Materials:

Entrepreneur needed for a class interview

Handout 4.2 - Costs/Benefits Analysis

Entrepreneurship: Arkansas Style 2 © BMCEE

Construct:

1. Locate a local entrepreneur that you can ask to come to your classroom to talk with

2. Contact the selected entrepreneur by phone or email to invite him/her to come to

3. Talk to your students about who is coming, what s/he does, and discuss the list of

4. Confirm the visit two days before. Offer any technology assistance or directions to

TEACH:

Introduction:

Activities:

Interview Preparation:

1. Distribute entrepreneur questionnaire to students. Assign groups of students'

2. Explain that each student is responsible for answering all the questions during the

Class Interview:

1. Check for copies of the interview questions. Review appropriate manners for guest

2. Encourage the students to ask the entrepreneur questions that are on the interview

3. When the entrepreneur is finished, encourage the students show of appreciation.

Also have students write thank you notes.

4. After the entrepreneur leaves, allow time for students to discuss with their groups

5. A class discussion can help to fill in any information gaps and share the points of

6. As a class, complete Handout 4.2 - Costs/Benefits analysis of being an entrepreneur

Entrepreneurship: Arkansas Style 3 © BMCEE

Individual Interview:

1. Have students find an entrepreneur who is a relative, friend or neighbor and to

2. Have students submit the interview form. Have a class discussion about the most

Closure:

Evaluation:

Performance Task:

1. Complete a Costs/Benefits analysis for the entrepreneur interviewed by the

2. Have students read the Dog Party USA Case Study in the appendix and complete

CONNECT:

Technology:

Standards:

Standard 14: Profit and the Entrepreneur

Entrepreneurship: Arkansas Style 4 © BMCEE

Activity 1: Entrepreneur Questionnaire

Business Name:

Owner:

Nature of Business:

Opening Date:

Interviewer:

Business Concept:

1. How did you get the idea to start your business?

2. How long have you been in business?

3. Describe the goods or services provided.

4. How do you make your products different from those of others?

5. Have you changed your product over time?

6. What is your legal form of business? (single proprietorship, partnership, or corporation)

Market:

7. What is your target market?

8. Who are your competitors?

Advertising:

9. How do you advertise your product?

10. What type of advertising has proven the most effective?

11. Have you tried any electronic advertising techniques? If so, how successful have they

Challenges & Rewards of Ownership:

12. What obstacles have your overcome?

13. What are the rewards of owning your own business?

14. What background skills, knowledge and experiences help you in your business?

Employees

15. How many employees do you have?