To formulate the content of this report, an entrepreneur was selected who will provide relevant set of information related with entrepreneurship. Certain questions related with entrepreneurships were asked by him. The information availed by the entrepreneur helped in formulating the content properly and availing the information related with entrepreneurship and various aspects attached with the same (Nambisan, 2016). There are various entrepreneurs who can be recognized even by small children. These entrepreneurs have worked so hard and have introduced the very innovative products and services to the market and have become most known and fame of the world. Some of them are Bill Gates, co-founder of Microsoft, Mark Zuckerberg, co-founder of Facebook and Steve Jobs, co-founder of Apple Inc. Although the report will not include discussion about any of these entrepreneurs but by having discussion with some other entrepreneurs brief information related with entrepreneurship could be availed in this report.
In this report, Richard is a name of an entrepreneur having a business of online pawn shop. Richard lives in London and is a management student (Stokes, Wilson and Mador, 2010). He had a business of pawn shop which was run by his father but as time was changing, things also started to change for the Pawn Shop of Richard. Hence, understanding the requirements of the market, he decided to introduce his own pawn shop but he wanted to do it in an innovative way. Therefore, he decided to introduce online app for the pawn shop where people will be able to get what they want and can sell what they want to sell. The business of online pawn shop was really effective as he got really good response from the market (Estrin et al., 2013).
In relation with his new and innovative business, some set of questions were asked by Richard so as to gather appropriate set of information related with entrepreneurship and how he thought of becoming entrepreneur (Agarwal and Braguinsky, 2014).
In the interview certain questions were asked by Richard to gain more in depth knowledge related with entrepreneurship. It is difficult to provide the whole discussion but a small summary could be availed of the questions and answers asked by Richard. 6 questions were asked by Richard related to entrepreneurship. With the questions asked by Richard, it was get to know that he is an extrovert kind of a person, outgoing and ambitious (Al-Harthi, 2017). These are the aspects which motivate him to become an entrepreneur, these aspects are:
Richard likes to take risk for the expansion of his business
He gained motivation from internet marketing
For his new business idea he took the guidance of business consultants
Richard gives 8 hours to his office works and 3 hours in thinking about the innovative ideas regarding the business. Doing so helps Richard in creating new things and availing better services to the customers attached with his business (Casson, 2010).
Success that Richard has had with his business was that he has a well-known name in the market. Many of the people are available in the market who visits the online Pawn Shop of Richard. Even certain international collectors are also attached with the online website of Richard who orders collectibles from his pawn shop.
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