Extra March Blog

During the whole month of March my itinerary was loaded! I was so busy I felt the month flew by at sonic speed. Having to finish my 307 telecom class at CPP and do school work, and my extra curriculum activities kept me busy 24/7. As for my independent component, I have been working on my independent component periodically throughout the month working of different aspects of it and taking an online course of entrepreneurship. At Kittrich Corporation I had the privilege to be in a business meeting with a possible business partner. It was a great experience being able to see how Kittrich interacts and does business with potential partners. 

I am excited for the month of April.  I cant wait for next week. I am ready for a whole week of break. April is closer to May, and May is closer to graduation.  April and May are technically the last two months of my primary education. This two months are the final preparation that is left before my post secondary education. Like March, April and May are going to be gone at the blink of an eye.

Fourth Interview Questions

Interview 4

1.     Why did you choose to launch a business off of  (will say the industry)?

2.     What first initial steps did you do to successfully turn your startup into a company?

3.     What were the biggest obstacles you had when starting out?

4.     How did your initial startup get funding?

5.     How were you able to make your first sale?

6.     What delivery and plan system that most effectively shows the need for your niche to the proper market?

7.     What best strategies did you use to waste minimal cash flow starting out?

8.     What most productive habits did you create that lead to your success?

9.     What mindset did you have when you launched you startup? Has it changed?

10. What makes you different from your competitors?

11. What has been your worst mistake and what did you learn from it?

12. What makes your enterprise a viable company?

13. What do you have to do, as an entrepreneur on a daily basis to make sure your company’s productivity does not decrease?

14.  How do you know what products or services to launch?

15.  What would you say are the two most important skills an entrepreneur should master to be successful?

16.  What major concerns do you have about your company?

17.  What has been the toughest decision you had to take in the last couple weeks? How did you end up making your decision?

18.  On what do you base your management decisions? On education or past experience?

19.  What would you say is the best book an entrepreneur should read to be successful?

20.  What things do you, as a leader, do to make sure all your employees are on the same page as you?

21. If you had one thing to say to someone who is just starting out, what would it be and why?

Blog 17: Third Answer

  EQ: How best can an Entrepreneur turn his into a viable company? 

Answer #3: An Entrepreneur can best turn his start up into a viable company by making an optimal business blue print that is considered a living document.  

The optimal blue print- the optimal business blue print is a business plan that outlines his goals and how they will be achieved. 

     -Many successful startups make a well-written blue print. A great example is the one Fred smith is the CEO and founder of Federal Express best known as FedEx. Even though he received a C on his blue print in business school because, according to his professor, the idea was unfeasible, he was able to execute it properly and create the worlds first overnight delivery company that changed the transportation industry forever. Of course he revised it many times making is a living document.

  A Living document, also known as a dynamic document, is a document that can be updated and edited. One of the reasons startups fail is because when they write their startup they believe once they write it, it is set and stone. In other words, they believe it can't be changed, therefore, follow it until it has reached its dooms day. 
     - One great example is the webvan company who created a business blue print that described a grocery delivery service no one needed. Therefore, because they did not change their ways or change their business plan, they are one of the biggest startup failures of history. 
 The business blue print will determine if investors invest in his startup. 

The business plan is not only created for the startup to acknowledge. It is also created for potential investors who can fund his start up that may determine the longevity of the startup.       
       -There are many successful startups that got funding from investors who gave them the needed capital to expand. There are many great examples a few of which are Netflix and Amazon.
    
My main resources for my third answer are campus CEO, the lean Startup and Startup owner’s manual.

An Entrepreneur can best develop an optimal business blue print by really knowing his industry, having a strategic mind set, having a clear vision of where they want to be and how they will get there, and making it a living document.