Entrepreneur interview personal analysis Free Essay Example, 1750 words

Lecturer: Presentation: Entrepreneur Analysis Innovativeness The entrepreneur demonstrated innovative traits in his efforts to establish the business. He realized that catering services were lacking in the market and decided to take the opportunity to venture in the business. This is a tactical business strategy that allows a business to establish without competition and to acquire a great market share. The entrepreneur was self confident and started the business ignoring any uncertainties that would be faced after leaving his job as a waiter (Burns, 2011). He asserted that his job as a waiter was well paid, yet he took the bold step of fulfilling his desire to venture in to the business. Ardichvili et al. (2003) observes that if there were no self confident entrepreneurs to venture in to new businesses, then there would be no business at all. Pro-active and Self Motivated Being pro-active and self motivated was among the significant traits that contributed to the success of the entrepreneur in business. Being decisive than other people made it possible to make a choice regarding the suitability of the site for a business. We will write a custom essay sample on Entrepreneur interview & personal analysis or any topic specifically for you Only $17.96 $11.86/pageorder now Such entrepreneurs act quickly to take advantage of an emerging opportunity before anyone else (Burns, 2011). Laggards usually wait for others to establish businesses so that they can observe their success or failure to make a decision. The interviewee demonstrated determination to succeed in business despite the challenges it posed to personal life such as lack of time to think about marrying. Intrinsically motivated people usually derive satisfaction from what they do (Pink 2009). Intrinsic motivation was the significant driver to accomplish entrepreneurial goals making the entrepreneur happy and contented regardless of these challenges. He was determined to work more hours than he did at that particular time. Learning through Actions Learning in this investment has been as a result of actions whereby the outcome of the activities engaged in is the source of essential information for greater investments. For example, the interviewee asserts that he was not sure what to expect in the business. Nevertheless, the idea of operating in a unique manner was expected to augment efforts of attracting customers especially due to the fact that there were no similar shops offering a variety of services as the interviewee’s shop. According to Littunen (2000) creativity is significant in marketing since it helps in generating the right market mix to serve the desires of a wide range of customer demands.