Thursday, July 26, 2012

An Informational Interview with an Entrepreneur.

An Informational Interview with an Entrepreneur
                                    
 By Seva Soloviev
            

                My experience interviewing my friend Samet was a rewarding one. I had worked for him in Woodbridge Mall a few winters ago managing a seasonal Christmas store. His attitude and work ethic led me to respect him far greater than most people that I have ever met in my life so far. He is a young man in his late 20’s that is ambitiously working towards achieving financial freedom in his life. He has owned and many businesses and held many jobs and today he is an owner of many small stores in mall all over the east coast and now is working towards opening up a frozen yogurt store right here in Sheepshead Bay.
                He has been in business since childhood and always tried to find a new way to invest his money and grow it instead of spending and losing it. His typical day on the job is to wake up early, and go to sleep very late. The day is spent on working out ideas on how to manage and control the management and inception of his business ideas, with his mind constantly working to solve issues that may arise and obstacles that have to be overcome to make sure everything goes according to plan. He began by using a small amount of capital and an opportunity to invest into a small business, he made a good return and continued to reinvest his working capital until he had enough to invest into another idea. His favorite part of the work is to overcome obstacles and solve issues that most people would be too afraid to solve and his least favorite part is the lack of sleep that he so often has to live with. The most surprising thing he has encountered on the job was the amount of different and unexpected customers that he comes into contact within any of his businesses.
                When asking him about how he sees this field in the future, his advice was to study the way money works and where it is spent on any given day within any time of the year, and that competition is changing around these days with the expansion of online shopping taking over the brick and mortar businesses. His advice to anyone that wants to get into the field is to save up some capital and not to be afraid to put it into any calculated investment that has a good business plan or appreciation forecast. His response to my question on what employers are looking for in this field he told me that the customers are the employers and they keep you alive so it is your duty to provide then with a reasonable and quality service and/or product in order to gain their trust in your business or company. He said that other very valuable assets in business are good employees because they are the ones that service the customers that you attend and their attitudes will control the way your business is portrayed.
                In conclusion I learned that any idea can be a good one if the right plan of action is prepared and if the right procedures are followed to expand upon the ides to turn it into a reality. I also learned that it is never too early to begin and no amount of capital is too little to contribute to an idea.

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