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Report on Entrepreneur assignment
THESIS STATEMENT : To accurately answer questions on Report on Entrepreneur assignment
Correctly answered all the parts of the question by writing the interview report.
Correctly answered all the parts of the question by creating the interview template.
Correctly adhered the Hravard Writing Format.
Title: Report on an entrepreneur
Report paper on an Entrepreneur - Allan Sood
In most success stories of entrepreneurs and business creators, it is always a narration filled with
tremendous processes of growth, hard work, and risky decisions. This paper is a research paper
that aims at analyzing the creative mind of an entrepreneur to understand the complex decisions
that are involved during the processes of growth from small foundations to established
businesses. The analysis of the individual will be done through an approach of an interview that
the interviewee will be responding to. The entrepreneur will be located in the United Kingdom.
The aim is to understand the experiences of the entrepreneur and the motivating factors that
guided him to reach where he is today. The objective of this research is to bridge the gap that
exists between real-life entrepreneurial practices and the concepts learned in class.
Moreover, the article aims to critically analyze the failure and success that the entrepreneur faced
while starting up the business, which will be able to provide information about the problemsolving skills of the individual, which is also part of the goals of this study. Finally, the
application of academic knowledge by the individual will be analyzed throughout the processes
of creating the business. The future plans of the entrepreneur and his business will also be
a) Background to the businesses
The processes of starting a business involve the approach of intricate steps. These steps are
meant to guide the entrepreneur so that he/she can identify a suitable business niche and to locate
a business that would thoroughly cover the business gap. These steps include the process of
conducting market research, which is essential to enable you to understand the concerned
market. If the market is feasible enough, then the individual is permitted to make advanced
actions in creating a plan for the business idea. The next step is to make plans for finances, which
will offer a definite plan for financing the business plan. The next step is choosing a business
structure and, finally, the implementation of the business idea. However, considering the startup
procedure for Allan's business, there are different concepts and ideas. Allan did not fully consider
this procedural approach. However, he just implemented some of it. Most of the decisions mostly
depended on his inner consciousness and the decision to take a risk. Hayton (2011).
His business' background history is one that is full of chronological growth. His first business
was located in his home country in India. His first business was sales and marketing, where he
worked in his father's stall. This job offered Allan the necessary knowledge, skills, and
experiences that enabled him to secure ano...
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