The goal is to Interview an entrepreneur to obtain insight into the mindset of the entrepreneur.The entrepreneur should have a business that provides them with a living.Be sure to provide a 1-2 page (part of the overall 5-6 pages) discussion on what you have learned from the interview. This is the most important part of this assignment.Rules: Assignment is done in groups of up to 6 students. You may do it alone if you wish.The entrepreneur can be anyone that gets 100% of their living from their business. It can be a business that:has been running for many years, or just started upit is a family business that was inherited by the entrepreneurit can be an entrepreneur that has sold, or retired, from their businesscan also be owned in-part by several other peopleCANNOT be a franchiseCANNOT be a studentThe style of the report should be:Part 1: Cover page with:Name of Business / Entrepreneur`s name / Date of interview / Student group names (2 marks)Part 2: Short description of the business. 1-2 sentences. (3 marks)Part 3: Question and Answer (20 marks). List your question and what was their answer? Higher grade is given for doing more questions than listed below, or elaborating on their answers (i.e. with follow-up questions).Part 4: An overall Conclusion / What did you learn / Summary of the experience(10 marks). 1-2 pages for this section. Note: This section is usually the weakest, please put effort into it.The overall report should be
5-6 pages, double spaced, 12 point fontSubmit as a Word document to the MyCanvas submission area by the due dateValue: 35 marks. 15% of final grade. Same grade for each student in group. Late submissions are deducted 25% per calendar dayInterview an EntrepreneurThe goal is to Interview an entrepreneur to obtain insight into the mindset of the entrepreneur.The entrepreneur should have a business that provides them with a living. Be sure to provide a 1-2 page (part of the overall 5-6 pages) discussion on what you have learned from the interview.Suggested questions are provided below.Questions: Possible questions to ask the entrepreneur to get things going:What is your business?What is your past history in this industry?What was the spark or opportunity that made you into an entrepreneur?What is your best talent: marketing, operations, administration?How do you take care of the other areas?What challenges do you have as an entrepreneur?(Example: finding staff, finding suppliers, finding customers or distributors, dealing with cash flow)Do you have a formal written business plan?Are you a member of an association? If so, what do you get out of it?What is your ownership structure? Is your business incorporated? Are there other owners?What is your most important lesson learned from becoming and entrepreneur?You may ask any questions you wish. These are only guidelines to get you going. You will get more grades if you add your own questions.