The Importance of an Entrepreneurial Strategy

Interview Questions

The first two questions below are required. The remaining questions are in categories. Choose at least one question from each category. These questions are not in any order. Compile your questions as you will ask them before seeking approval from your instructor. You may add any additional questions that you are interested in asking during the interview. If you ask additional questions, be sure to include the answers in your summary, which should be written in essay form. Be sure to include all references in APA format – which is Times New Roman, 12-point font, 1” margins, and a reference page.
Required questions:
• What are some elements that you need to begin thinking about as you get started as an entrepreneur? (SLOs 2, 4)
• What are some of the important outside resources that helped guide and aid you through the planning stages of owning a business? (EO 4f)
Choose one of the following questions:
• Describe the importance of networking. (EO 4a)
• How are you involved with the community? Has the involvement helped your business in any way? (EO 4a)
Choose one of the following questions:
• Did you work with a mentor? Why or why not? (EO 4b)
• At the end of this program, I will be required to take a WRK course. During this course, I will work with a mentor in the small business arena. How can this experience be helpful? What should I expect to gain from this future experience? (EO 4b)
Choose one of the following questions:
• Do you have any entrepreneurial strategies you can share with me? (EO 4c)
• What type of strategies do you use and how do they impact planning? (EO 4c)
Choose one of the following questions:
• How do you view the importance of each of the following: (EO 3c)
o operations
o marketing
o management
o human resources
o finance
o legal
• Do you handle all of the functional areas of business (Operations, Marketing, Management, HR, Finance, or Legal) or do you outsource these positions? Why? (EO 3c)

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Choose one of the following questions:
• What role do ethics play in business? (EO 2b)
• Can you give me an example of an ethical decision that could impact how one does business? (EO 2b)
Choose one of the following questions:
• Have you dealt with any cultural issues in your company or with any customers? Can you provide an example? (EO 3b)
• What are some cultural issues that might have an impact on a business that I should be thinking about or at least aware of? (EO 3b)
Choose one of the following questions:
• Can you provide examples of legal issues that one may encounter within a small business? (EO 3b)
• Can you give me an example of a legal issue and how you might handle this type of issue? (EO 3b)
• Do you feel that ethical and legal issues are one in the same? If not, how do they differ? (EOs 2b, 3b)
Choose one of the following questions:
• What technology do you use within your business? (EO 3b)
• Do you train your employees on how to use this technology? (EO 3b)
• How do you feel about technology? (EO 3b)
• How has technology impacted your business? (EO 3b)
Upon completion of the interview, compile the answers to your questions.

• Also, write a summary of how the answers you gathered fit with your SWOT analysis. Where did you find differences? Do you feel that you are still strong or weak in the areas that you thought you were strong or weak? Do you have any additional opportunities or threats that you didn’t think about before your interview?

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• Explain each functional area of business and how these areas overlap (operations, marketing, management, human resources, finance, and legal). This explanation should include the purpose of each of these functional areas. Do you see yourself in tackling these roles? Do you think that you will hire employees for these positions? Is there an area that won’t fit within your business? If this is the case, explain your reasoning.

• Based on some of the ideas from the business owner you interviewed, create 2 scenarios of legal issues you might run into. How will you deal with these issues? Create 2 ethical scenarios that a business owner could run into. How might you handle these issues?

• You asked the interviewee what outside resources and/or networking strategies they use for their business. In your summary, include 2 additional resources or 2 networking groups that you would consider joining to benefit your needs as an entrepreneur. Explain your reasoning. For more information on The Importance of an Entrepreneurial Strategy check out: https://www.youtube.com/watch?v=3FX1bS3LzzI 

 

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