Entrepreneurship Interview with report

Entrepreneurship Interview report Name: Course title: Instructor: Institution: Date Due: Executive Summary This is an entrepreneurship report from an interview conducted by the author with one business entrepreneur. The author asks him several questions, personal and business related, to ascertain the motivation behind his desire to enter self-employment arena. The entrepreneur is an expert in computer engineering, programming and software programming. Though the interviewee was a previous employee in one company working as a technical engineer, he had opted to quit and venture into self-employment career. Much of the reasons he cites for doing so is the desire for autonomy and utilization of his massive skills and experience. His desire in self-employment is also instigated by his childhood experiences, where together with his comrade established a website with fictitious links of certain computer software. Their aim in doing so was to attract as many clicks as possible since there was another party that was paying them according to the number of viewers, which the website generated. This made him to realize that knowledge in technology could earn one a substantive income. This interview reveals that self employment may not necessarily be a place where people work as they wished, that is waking or sleeping at one’s preferred time, rather it requires self sacrifice and adherence to quality services or products in order to stay in the business. Introduction Entrepreneurship or self-employment is a kind of labor status that encompasses a broad range of activities or operations. According to research, various factors motivate individuals to join self-employment type of businesses. Moreover, these factors are multidimensional. Some of these motivating factors may include such aspects as search for independency, necessity of self-expression, search for status or the need for pecuniary benefits, (Krueger, et al, 2008). This presents the reason why the author opted to interview one entrepreneur in finding out on what motivated him to venture into his kind of business and compare the report with other study findings on the same issue. Tell me about yourself? First, I am a family man with seven children, and asocial man who likes interacting with others. Concerning career, I am a technology expert involved on software engineering, programming computer repairs and sales of computer spare parts. I practically enjoy working as an independent entrepreneur rather than an employee because I like flexibility. I had previously worked as a technological engineer at ABC organization but decided to quit and begin my own entrepreneurship. I see the potential in this business since there is opportunity for growth as I am able to utilize and expand my vast skills without limitation. Tell me about your first entrepreneurial experience as a Child My first experience was when my friend and I decided to create a website while we were in our teenage. We invited individuals to visit the webpage, which we created in order to download free soft ware. We did not have any plan of stealing or violating copyrighted materials. The particular page was loaded with only one color and did not have any title or picture. However, there were series of links to download the soft ware. This was the time when random software were being downloaded. We did not actually have the illegal software that we linked in this website. However, another website used to pay us based on pay per click of these visitors, though the links had no value. Despite the fact that we rescinded the idea because of the illegality of the business, and that the clicks had dried up since these people did not find the value, this triggered my interest both in taking a technological career path and future entrepreneurship. How and where did you get this idea for a business? I got the idea to start this business after assessing my talents and skills and seeing the potential it can create. Realizing that being employed was tantamount to being tied up since I was only doing one particular job, I opted to resign and start my own venture where I can use and expand all my skills without limitation. For instance, at ABC, I was employed to work as a technological repair and maintenance person though I had other skills such as software engineering and programming. I also wanted to have my own autonomy where I would work independently. What services or products do you offer? In my new venture, I offer services ranging from software engineering, programming, computer sales, repair, maintenance, and sale of spare parts. The provision of quality services, together with the range of services makes me a busy man. What makes your business Unique? My expertise in this field, the quality services and the variety is what makes the business unique. While conducting my business, I am very careful to use my expertise to offer quality services, satisfactory to my clients. The charges for my services are reasonable as compared to the exorbitant fees charged by some dealers in the area. How did you finance the business? Financing my business was a challenge. This was because though I had expected that the savings from my work could suffice all the business requirements, it occurred that it was not even half to what the business required. Therefore, I had to seek a loan from a local bank and was successful after several attempts. What are your marketing strategies for this business? To be honest, my marketing criteria are unique since I do not really advertise my business in media platforms. So far, I have relied on referrals from the good jobs I do. Satisfied clients refer others to me and the work I handle seems to be overwhelming. How ar...