Question 1: What inspired you to pursue this professional path? Interestingly, I had no plans, not...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Question 1: What inspired you to pursue this professional path? Interestingly, I had no plans, not a thought in my mind that I would be in the transport business. I guess you could say my professional path was a windy one, but if I had to put it down to one thing, I would say it was always opportunity that inspired me. Question 2: Which experiences and skills have been most beneficial to you in your career? Many years ago, I had the pleasure of attending a 10-day health and wealth conference. The location could not have been more picturesque; it was held at Tony Robbins private resort in Fiji. I learned a lot about myself, but perhaps the most important thing I learned was you're never done learning. Everyone you encounter in life may have something of value to offer, some wisdom to impart, always keep an open mind and never stop growing. As far as skills are concerned, I would say my greatest skills are the ability to woo, and the sincerity to maintain a real connection with my employees, suppliers and customers. Question 3: Which aspect of your employment do you like the most? The limitless possibilities! I love being able to grow my business and that I am only limited by my effort. Question 4: Can you tell me about your journey as an entrepreneur? I have always been an incredible right-hand man, the guy that the boss/president/owner leaned on to guide them. Although I enjoyed the respect and admiration, it always left me wanting more. I didn't want my potential limited by someone else's vision, or their wallet. When I saw the opportunity to step-out on my own, I grabbed it! and as you might imagine, my first business didn't last, but I learned a lot about business and people. I went back to being someone's right-hand man, in an entirely new industry, the Telecommunication industry. I was lucky enough to meet a good group of people who would ultimately help pave the road to where I am now. Although I am no longer in telecom, I service the telecom industry, amongst others! Question 5: What challenges did you face when starting your business, and how did you overcome them? Capital - there are a few ways to overcome a lack of capital, but I would always suggest starting small. I was able to purchase our first couple of trucks, but I had to rely on subcontractors to fill in the gaps. I would always recommend speaking with a professional, weather you have the means to hire a controller, or simply find a certified accountant to give you the ugly truth about your financial position. You don't want a "Yes Man, you want people in your life that will give you the cold hard truth; someone like this will help you understand when it is time to spend and when it is time outsource. Give Feedback to N The other challenge I had was the market; I was new to the transport industry, and not only did I have to understand what I was offering, I needed to know who was in the market to but it. I overcame this by researching; finding out who my competitors were working for and what industries they were servicing. I also visit job sites when we deliver a load, I want to meet our customer and move the relationship forward. People often move from one company to another; you want them to bring you along with them, and the only was they will do that, is if they know and respect you. Give Feedback Question 1: What inspired you to pursue this professional path? Interestingly, I had no plans, not a thought in my mind that I would be in the transport business. I guess you could say my professional path was a windy one, but if I had to put it down to one thing, I would say it was always opportunity that inspired me. Question 2: Which experiences and skills have been most beneficial to you in your career? Many years ago, I had the pleasure of attending a 10-day health and wealth conference. The location could not have been more picturesque; it was held at Tony Robbins private resort in Fiji. I learned a lot about myself, but perhaps the most important thing I learned was you're never done learning. Everyone you encounter in life may have something of value to offer, some wisdom to impart, always keep an open mind and never stop growing. As far as skills are concerned, I would say my greatest skills are the ability to woo, and the sincerity to maintain a real connection with my employees, suppliers and customers. Question 3: Which aspect of your employment do you like the most? The limitless possibilities! I love being able to grow my business and that I am only limited by my effort. Question 4: Can you tell me about your journey as an entrepreneur? I have always been an incredible right-hand man, the guy that the boss/president/owner leaned on to guide them. Although I enjoyed the respect and admiration, it always left me wanting more. I didn't want my potential limited by someone else's vision, or their wallet. When I saw the opportunity to step-out on my own, I grabbed it! and as you might imagine, my first business didn't last, but I learned a lot about business and people. I went back to being someone's right-hand man, in an entirely new industry, the Telecommunication industry. I was lucky enough to meet a good group of people who would ultimately help pave the road to where I am now. Although I am no longer in telecom, I service the telecom industry, amongst others! Question 5: What challenges did you face when starting your business, and how did you overcome them? Capital - there are a few ways to overcome a lack of capital, but I would always suggest starting small. I was able to purchase our first couple of trucks, but I had to rely on subcontractors to fill in the gaps. I would always recommend speaking with a professional, weather you have the means to hire a controller, or simply find a certified accountant to give you the ugly truth about your financial position. You don't want a "Yes Man, you want people in your life that will give you the cold hard truth; someone like this will help you understand when it is time to spend and when it is time outsource. Give Feedback to N The other challenge I had was the market; I was new to the transport industry, and not only did I have to understand what I was offering, I needed to know who was in the market to but it. I overcame this by researching; finding out who my competitors were working for and what industries they were servicing. I also visit job sites when we deliver a load, I want to meet our customer and move the relationship forward. People often move from one company to another; you want them to bring you along with them, and the only was they will do that, is if they know and respect you. Give Feedback
Expert Answer:
Answer rating: 100% (QA)
Challenges Faced When Starting Your Business 1 Capital Constraints Issue Limited capital can hinder business growth limit investment in essential resources or restrict operational capabilities Impact ... View the full answer
Related Book For
Posted Date:
Students also viewed these business communication questions
-
Mara Fashions operates three departments: Men's, Women's, and Accessories. Departmental operating income data for the third quarter of 2024 are as follows: (Click the icon to view the data.) (Click...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
importance of workalike balance for women as a leader in healthcare. 1. The purpose of the research; 2. Research question/s; 3. Findings and relevant data; 4. Any recommendations and; 5. The...
-
1. Should Sandy do exactly what the partner suggests, or risk losing the business for the firm, and perhaps her job, by suggesting a different approach? 2. What might be an alternative approach? 3....
-
Muriel has a line of credit with a limit of $10 000. She owed $8195 on July 1. Principal withdrawals for the period July 1 to November 30 were $3000 on August 20 and $600 on October 25. The line of...
-
What is an alternative? What is a state of nature?
-
Why is EVA a better measure of financial performance than are accounting measures such as net income or earnings per share?
-
EZ-Credit, Inc., has $80 million in consumer loans with an average interest rate of 13.5 percent. The bank also has $64 million in home equity loans with an average interest rate of 9 percent....
-
Centerville is the headquarters of Greedy Cablevision Inc. The cable company is about to expand service to two nearby towns, Springfield and Shelbyville. There needs to be cable connecting...
-
How does the teacher's use of formal and informal data correlates with research on data collection and use?
-
In the figure above, the kinetic energy of a simple pendulum is plotted against its angle 0 from the vertical. If the mass of the pendulum bob is 1.28 kg, what is the length of the pendulum? Note...
-
There is little left for the end of the month. We must present our business plan to potential investors early next month" thought Mara Salazar, looking out the window of her apartment as the...
-
What are the 5 models of OB? What are the three goals of organizational behavior? What are the four 4 forces of organizational Behaviour? What is the role of manager in organisational behaviour?
-
Dasan Electronics is considering two different systems that are expected to have the same performance. System A costs 427,000,000Won with a 6-year life, and requires 112,000,000Won in pretax annual...
-
Using the following sites and other resources you choose, research the case of Cameron Todd Willingham. Then answer the following questions, make sure to include detailed answers and cite where you...
-
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Cleaning supplies...
-
You purchase a bond with a coupon rate of 6.7 percent, a par value $1,000, and a clean price of $905. Assume a par value of $1,000. If the next semiannual coupon payment is due in two months, what is...
-
The Danner Corporation reported the following accounting income before income taxes, income taxes expense, and net income for 20x6 and 20x7: On the balance sheet, deferred income taxes liability...
-
Contingent Liabilities Several items are listed for which the outcome of events is unknown at year-end. a. A company has been sued by the federal government for price fixing. The companys legal...
-
Using the corporate tax rate schedule in Table 1, compute the income tax liability for the following situations: Situation Taxable Income A $ 70,000 B 85,000 C 320,000 Income Tax Allocation
Study smarter with the SolutionInn App