Blog 20 Interview 4 Prep

1. Who do you plan to interview?  What is this person's area of expertise?

• I plan to interview my brother, Justin Khoury. He has had past experience owning businesses and managing them, along with a profession in marketing, sales, and communications.

2.  Post 20 open-ended questions you want to ask an expert in the field concerning your senior project. Your focus should be finding answers to your EQ.

1. What mistakes do you think lead to businesses failing?
2. What reasons do you think prompt people to become entrepreneurs?
3. When you were a business manager, what activities did you engage in to adapt to changing consumerism?
4. Can you name a case of a business that failed and why?
5. List off reasons you think businesses fail?
6. What struggles to business owners have to face?
7. In your opinion, why is Apple so successful?
8. What advice could you give to a starting entrepreneur.
9. Do you agree that businesses primarily fail due to not adapting to changing times?
10. Many people start their businesses on a loan, is that a good idea?
11. What recommendations can you give to find more answers to why businesses fail?
12. What do you know now that you wish you knew back when you managed a business?
13. How can one improve their marketing techniques?
14. How does a business effectively manage its finances?
15. Can you tell me what qualities a successful business has?

1.  

Blog 19: Third Answer

•  EQ
• What is the primary reason so many businesses fail? 
• Answer #3 (Write in a complete sentence like a thesis statement)*
• Businesses fail due to the business not understanding its customers. 
• 3 details to support the answer 
• The consumers are key to a business surviving. To lose them is to lose your business.
•  Apple made their products simple, aesthetically pleasing, and luxurious which appealed to the masses.
•  My mentor lowered his prices for food to attract college and high schools who didn't have much capital to spend.
• The research source(s) to support your details and answer
•  http://www.inc.com/paul-schoemaker/5-ways-to-know-what-your-customer-wants.html
•  http://readwrite.com/2013/01/29/why-do-americans-hate-android-and-love-apple
• Concluding Sentence
•  Businesses need to establish a communication with their very consumers. Relate and understand them to provide the right product to get desirable sales.