Entrepreneurship and new venture planning

Posted on Posted in Uncategorized

Description
The?informational?interview?involves?meeting?and?interviewing?an?entrepreneur,?business?owner,?or?financial
professional?to?gather?information.?You?should?not?wait?until?the?due?date?to?prepare,?as?meetings?may?be
difficult?to?arrange?at?short?notice.?If?your?work?schedule?inhibits?such?preparation,?you?may?conduct?the
interview?by?telephone?or?via?online/e?mail?format.
Required?Elements?to?include?in?the?Informational?Interview?Write?Up:
Students?are?responsible?for?developing?questions?that?will?garner?the?responses?necessary?to?address?the?key
elements?of?the?assignment.
Include?all?of?the?following?elements?in?your?interview?report:
Provide?a?brief?description?of?the?business?which?includes?the?business?form?the?nature?of?the?business,?how
many?years?in?business,?and?whether?the?business?is?local?in?nature,?national,?or?international?in?scope;
Why?did?the?person?decide?to?go?into?business,?and?what?was?the?biggest?obstacle?they?had?to?overcome?in?the
early?stages?of?the?business;
Did?the?owner?develop?a?Business?Plan?before?starting?the?business,?why?or?why?not;
Discuss?what?makes?the?business?unique?and?different?from?its?competition?and?what?is?its?value?proposition;
Does?the?company?have?a?clearly?defined?strategy,?what?do?you?believe?it?is;
Discuss?the?owners?marketing?and?sales?strategy?for?gaining?and?maintaining?new?business?opportunities;
What?core?business?functions?if?any?did?the?business?decide?to?outsource?and?why;
Discuss?the?hiring?process?and?the?core?values?that?have?been?established?for?the?organization;
Discuss?the?financial?management?tools?and?metrics?that?the?business?owner?depends?on?too?manage?growth?and
profitability;
Discuss?keys?to?success,?from?the?owner’s?perspective;
What?the?person?would?do?differently?if?he/she?had?it?to?do?all?over?again.
Critically?assess?the?current?status?of?the?business?based?on?concepts?presented?in?class.?What?would?you?say?is
the?future?for?this?business??Would?you?invest?in?this?business??Why?or?why?not??
Interview?questions?must?be?included?as?an?addendum?to?the?assignment;?however,?these?should?not?be?counted
toward?the?length?requirement?of?the?paper.?
Required?Formatting?of?Informational?Interview?Report:
This?report?should?be?double?spaced,?12?point?font,?and?three?to?five?pages?in?length?excluding?the?title?page?and
reference?page;
Title?page;
Introductory?paragraph?and?a?summary?paragraph;
Use?headings;
Write?in?the?third?person;
Use?APA?formatting?for?in?text?citations?and?a?reference?page.?You?are?expected?to?paraphrase?and?not?use
quotes.?Deductions?will?be?taken?when?quotes?are?used?and?found?to?be?unnecessary;
Submit?the?paper?in?the?Assignment?Folder.