Small Business Interview Analysis - 2565 Words

Schumpter (1934) saw the definition of an entrepreneur as not only individuals who bears the risk of buying and selling at uncertain prices , but more of process by which an economy moves forward through the act of creative disruption or innovation. There are many different avenues on what defines a person as an entrepreneur, the definition itself is evolving based on the society we are in today. The entrepreneur in this report when asked what he thinks is an entrepreneur in a small business, his opinion was â€Å"a person who takes control of his or her own destiny to become self employed either by setting up a business or taking over from someone else.† The purpose of this report is to investigate the nature of small business-owner-managers†¦show more content†¦Hardware zone caters to predominantly 80% to businesses and 20% to walk in customers. Personal motivation – Andrew was motivated by his wants and realising that working after graduating in Information Technology would not satisfy his wants in the near term. He was also driven from his desire to be his own boss and have a strong internal local of control. His background did not have any influence being an entrepreneur as his mum was a nurse and father an Engineer. Business founding methodology – Andrew started the business himself during the period of low barriers of entry, but spent a year working in the industry before going into it. He believes his strength in the business venture is through hard work, his technical know-how and his ability to delegate task. His weakness that he fails have let him down is his lack of administration and financial skills as well as taking on more than he can handle. His methodology believes in having strong financial support and starting off small with a plan. Operational Management – Company currently turns over just over one million dollars per annum, been in operation for 15 years and employs 4 full time and one part time administrative staff that he plans to employ full time. His marketing strategy is predominantly successful on word of mouth however allocates 5% of turnover to advertising or promotion material. He bench mark himself against other companies of similarShow MoreRelatedChapter Three : Research Methodology1634 Words   |  7 Pagesinterpretivist research philosophy has been adopted throughout this study, as the challenges of small business remain a subjective matter, which differ from one person to another. Interpretivism draws on the importance of understanding and interpreting the participants’ actions and social world from their point of view (Bryman Bell, 2007). This study emphasis on understanding the challenges in small business in contrast to predicting the challenges which would otherwise require a positivist stance,Read MoreThe Role Of Effective Qualitative Research Methods And Approaches1422 Words   |  6 Pagesof the Business Degree at UWS, the report request comes from the module of business research skills. The first part of this report will focus on the role of effective qualitative research methods and approaches. This will include the features of data, design and analysis, it will also discuss the strengths and limitations of qualitative research. The report will then look at how to apply a qualitative analysis technique in relation to the provided transcript of an interview, the interview is betweenRead MoreHow Relationship Marketing Impacts Consumer Buying Decisions Essay1059 Words   |  5 Pages The paper will consist and analyse methods and data including interviews, observation, journals and marketing material. 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Knowledge isRead MoreAnswers to Questions and Exercises1114 Words   |  5 PagesWhy are small businesses important to the U.S. economy? Small businesses create new jobs, foster entrepreneurship and innovation, and supply goods and services needed by larger businesses. What is the difference between a small-business owner and an entrepreneur? A person may be a small-business owner only, an entrepreneur only, or both. For example, a person who opens a small pizza parlor with no plans to grow and expand is not really an entrepreneur. The basic distinction between small-businessRead MoreA Research Study On Online Interviews1480 Words   |  6 PagesMethodology Online interviews: a list of questions relevant to the research topic shall be prepared by the research team. The questions will revolve around the strategies that small businesses can employ to gain a large customer base. Online interviews can be done through computer systems like Skype, IMO and also through telephone calls (McMunn 23). This method is very efficient because the research team can deal with a big number of people at the convenience of one’s location without the participantsRead MoreSampling And Non Random Sampling1344 Words   |  6 Pagesselected (Marchevsky, 2000). The response rate of the questionnaire was low as expected at 26. 08 %. Of the 46 companies which were sent, only 12 completed questionnaires could be collected. A request for interview was also sent to these companies of which only three gave permission and with whom interviews were conducted. Research Ethics Research ethics specifies the way the researchers’ ought to conduct themselves while conducting scientific research (Shrader-Frechette, 1994). As this research involvedRead MoreMain Disadvantage. Participants’ Opinions And Feelings1640 Words   |  7 PagesMain Disadvantage Participants’ opinions and feelings aren’t considered. The analysis is therefore less in-depth and tends to give only a superficial understanding of the emotions or reasons associated with the answers given, although it can be used to measure the extent or degree of participants’ attitudes. If only a small sample can be obtained, and because each answer is unique, the information won’t necessarily represent the entire population. Results Results tend to be conclusive and come withRead MoreIndividual: Service Request Sr-Rm-022, Part 11192 Words   |  5 Pagesintegrate and change the HR applications with a new state-of-the-art information system. The company wants to have the HR department to have the ability to assesses resources and tools all in one application. Who are stakeholders? In the IT and business field, the stakeholders can be many different people. Talks of tech have a great definition of stakeholders stating that: Any person who has interests in an existing or proposed information system. Stakeholders may include both technical and non-technicalRead MoreRecommending a Marketing Mix for a Product or Service1604 Words   |  7 Pagesthis report, the purpose was compared and contrasted which 4Ps is better to the Pepsi and wanted more people to buy it. The thesis was compare and contrasts the Pepsi with the competitor - Coca Cola. So the report needed find some information and interview some people. The key finding was that SWOT and 4Ps is very important to the product. And the key conclusion and recommendation was the first 4Ps is better than the second one. 1.0 Introduction 2.1 State the objectives of the research