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Part 2: Entrepreneur Reflection Paper

Expand upon the entrepreneur interview, and write a reflection paper on your chosen person. The entrepreneur reflection paper is worth 150 points and is due in Week 5. The purpose of this paper is to take the information from the interview and reflect upon the challenges and rewards of being an entrepreneur.

Guidelines

• The paper must be 4 – 5 pages in length.
• You must follow APA formatting.
• Include a table of contents.
• Even though this is not a scientific-type writing assignment and is mostly creative in nature, references are still very important. You must reference your interviewee. Be sure to look up how to cite an interview in APA style.

 

Best Practices

• Cover Page: Include who you prepared the paper for, who prepared it, and the date.
• Table of Contents: List the main ideas and section of your paper and the pages where they are located. The illustrations should be included separately.
• Introduction: Use a header on your paper. It will indicate that you are introducing your paper.The purpose of an introduction or opening is to

  introduce the subject and why the subject is important;
  preview the main ideas and the order in which they will be covered; and
  establish the tone of the document.
  Include in the introduction a reason for the audience to read the paper. Also, include an overview of what you are going to cover in your paper and the importance of the material. (This should include or introduce the questions you are asked to answer on each assignment.)

• Body of Your Report: Use a header titled with the name of your project (e.g., “The Development of Hotel X – A World Class Resort”). Then proceed to break out the main ideas: state the main ideas, state major points in each idea, and provide evidence. Break out each main idea you will use in the body of your paper. Show some type of division such as separate sections that are labeled, separate group of paragraphs, or headers. You would include the information you found during your research and investigation.
• Summary and Conclusion: Summarizing is similar to paraphrasing, but summarizing presents the gist of the material in fewer words than the original. An effective summary identifies the main ideas and major support points from the body of your report; minor details are left out. Summarize the benefits of the ideas and how they affect the tourism industry.
• Work Cited: Use the citation format as specified in the Syllabus.

Grading Rubric:

Category    Points   %         Description

Insight          50         28.5%  What insights have you gained from your interview? 

                                                         What did you learn from your entrepreneur?

Analysis      50         28.5%   How did you interpret the message from the

                                                         entrepreneur with what you have learned so far in class?

                                                         (How would you apply theories reviewed in class?) How 

                                                          was the information analyzed? What was the message

                                                          of your interview?

Overall 

Organization  50    28.5     Was the paper organized, and did it tell the story of the 

                                                          entrepreneur and your findings? The overall paper 

                                                          should be cohesive and tell a story. How complete was 

                                                          the paper? 

Total                  150    100      A quality paper will meet or exceed all of the above 

                                                         requirements. 

Course Project -Entrepreneur Interview

SBE/310 Small Business Management and Entrepreneurship

Entrepreneur interview

The local entrepreneur that I have chosen to conduct an interview with is my neighbor Mr. John Pete. I chose him because I know that he would be the best person to help me to develop some insights into the rewards and challenges of entrepreneurship.

Mr. Pete is a serial entrepreneur who is running multiple businesses in different niches. He was born in Las Vegas, NV, and lived there until he attended college in San Diego, California. He did not consider himself a very good student, and knew after his first year in an engineering program that college wasn’t for him. He just had to find something else to do. So, after talking to a few of his friends he changed directions, which is the primary reason Mr. Pete became an entrepreneur. His circle of friend inspired him into entrepreneurship because they were themselves entrepreneurs. Pete believes that one can measure success by the number of failures one experiences, and it is through failure that one learns.

He considers himself a go getter, who sees an entrepreneurial opportunity and grabs it without apologies. When asked what makes him different from those around him, he stated that, “He believes in taking action even though that action produces negative results.” In other words, he believes that without taking risks, one cannot realize progress or lack thereof in any entrepreneurial endeavor.

When Mr. Pete entered the world of technology in 1985 in he was green. All he knew was that there was money to be made in building and selling mobile applications but did “not have the expertise” (In Little, In Go & In Poon, 2017) to make this succeed. However, he realized that he can leverage of the expertise of professional programmers who would build the apps and he would launch them to the market.

His successes have not been without facing several failures. For instance, he did not break-even from his first technology that he launched partly because he had not researched the market well and partly due to technical hitches because the program had many bugs when first launched. So, I asked him, “How did failure make him feel? He simply stated, “I just have to find my niche, which in turn lead me to down a few different paths”. Venturing down different paths prove to be the right move, because it led him to start several companies. Starting several businesses is the reason he is referred to as a serial entrepreneur. He started an application that helped his customers collect and grow leads, a company offering auto-responder services to customers, and a company that provides a platform for selling and buying solo ads.

I must say that he is a very successful entrepreneur safe for his first business that flopped. It appears he learnt from his mistakes and developed a winning strategy that has helped him launch and grow successful companies.

One take away from this interview regarding entrepreneurship is that persistent is the key. As much as there will be failures, one should study the failure and apply those lessons until he or she succeeds.

References

J. Pete, personal communication, January 18, 2018.

In Little, S. E., In Go, F. M., & In Poon, T. S.-C. (2017). Global innovation and entrepreneurship: Challenges and experiences from East and West.