A student sent me some interview questions for his entrepreneurship class. I only had about 5 minutes to shoot off some answers. So, this is what popped off the top of my mind:
What ignited the spark in you to start a new business venture or to make significant changes in an existing business? How did the idea for your business come about?
-There was a push and a pull. The push:I didn’t want to work for somebody else anymore. The pull:I saw that no service existed to show hungry people all the restaurants that deliver to them.
What three pieces of advice would you give to college students who want to become entrepreneurs?
-The most important step to get started is to accept the risk of failure.
-Pick one thing. Do it well.
-Figure out how to generate revenue immediately
How do you generate new ideas?
-The creative problem solver naturally discovers solutions to problems. Therefore, the best way to get new ideas is to put oneself in a situation to observer real life business problems.
What is your greatest fear, and how do you manage fear?
-Commit to not acting on fear, but on possibilities. Maximize upside first. Minimize downside second
How do you define success?
-Success is a continuum and journey, not a destination. A successful journey is characterized by the continual maturation and evolution of my projects and myself.
What do you feel is the major difference between entrepreneurs and those who work for someone else?
-The ability to accept the risk of failure
What sacrifices have you had to make to be a successful entrepreneur?
-Stability
Where you see yourself and your business in 10 years? 20 years?
-I will be working on opportunities nos 2-4. This particular business will have taken a life of its own.
What is your favorite aspect of being an entrepreneur?
-The satisfaction of setting my own goals and measuring my success against them.
Do you believe there is some sort of pattern or formula to becoming a successful entrepreneur?
-Identify opportunity. Act to engage that opportunity. Measure. Rinse and Repeat.
What ignited the spark in you to start a new business venture or to make significant changes in an existing business? How did the idea for your business come about?
-There was a push and a pull. The push:I didn’t want to work for somebody else anymore. The pull:I saw that no service existed to show hungry people all the restaurants that deliver to them.
What three pieces of advice would you give to college students who want to become entrepreneurs?
-The most important step to get started is to accept the risk of failure.
-Pick one thing. Do it well.
-Figure out how to generate revenue immediately
How do you generate new ideas?
-The creative problem solver naturally discovers solutions to problems. Therefore, the best way to get new ideas is to put oneself in a situation to observer real life business problems.
What is your greatest fear, and how do you manage fear?
-Commit to not acting on fear, but on possibilities. Maximize upside first. Minimize downside second
How do you define success?
-Success is a continuum and journey, not a destination. A successful journey is characterized by the continual maturation and evolution of my projects and myself.
What do you feel is the major difference between entrepreneurs and those who work for someone else?
-The ability to accept the risk of failure
What sacrifices have you had to make to be a successful entrepreneur?
-Stability
Where you see yourself and your business in 10 years? 20 years?
-I will be working on opportunities nos 2-4. This particular business will have taken a life of its own.
What is your favorite aspect of being an entrepreneur?
-The satisfaction of setting my own goals and measuring my success against them.
Do you believe there is some sort of pattern or formula to becoming a successful entrepreneur?
-Identify opportunity. Act to engage that opportunity. Measure. Rinse and Repeat.
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