Question: Read the following question carefully This exercise below, is used to gather information through a list of interview questions designed for entrepreneurs or former business
Read the following question carefully
This exercise below, is used to gather information through a list of interview questions designed for entrepreneurs or former business owners. The purpose of this assignment is to learn from an entrepreneur. Please answer the questions in not more than 2 pages
How much time did it take from conception to the first day of business? How many hours a day did you spend working on it?
How much capital did it take? How long did it take to reach a positive cash flow and break-even sales volume? If you did not have enough money at the time, what were some ways in which you bootstrapped the venture (bartering, borrowing, and the like)? Tell me about the pressures and crises during that early survival period.
What outside help did you get? Did you have experienced advisors? Lawyers? Accountants? Tax experts? Patent experts? How did you develop these networks and how long did it take?
How did any outside advisors make a difference in your company?
What did you perceive to be the strengths of your venture? Weaknesses?
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