Key Questions to Ask Entrepreneurs
Are you an entrepreneur or hope to become one?
If so, there are some foundational questions you may want to regularly reflect upon as you move forward in your endeavor. Having the ability to remind oneself of these questions (and answers) will provide much needed direction, drive, and a deep sense of purpose.
- Why are you doing what you’re doing?
- This question gets to the root of your motives and unveils a criteria for success. Are you (or hoping to be) an entrepreneur so that you can be your own boss? Make a lot of money? Use it to transition to a new career? Make the world a better place?
- Clarifying the “why” will become a great source of strength and focus during times of difficulty and confusion. Take time to write this down on paper (yes, paper) and place it somewhere that you will be able to see it on a regular basis.
- What are you trying to do & how will you do it?
- The answer to this question provides the nuts and bolts of your endeavor. Yes, it provides you with objectives and process. It’s a question that I find myself asking every day with our team. A large vision without tangible objectives and process will remain wishful thinking.
- This is the question that all teams must continually think about. This will force us to create daily, weekly, monthly, and/or annual metrics for our work. How will you know if you have reached your objectives? Does everyone else on your team know as well? Are your objectives visible placed anywhere in your workspace?
- Who will you work with?
- Finding the right partners and team members is essential to the success of an entrepreneur. Companies/organizations rise and fall because of team dynamics. Never undermine or take for granted the process of hiring or partnering. The future of your company may depend on it.
- The difficulty with finding the right people is that you really need to work with them on something in order to find out whether or not they are the right fit. Also, don’t make hiring or partnering decisions solely based on friendship. Friendship alone is not the solve-all for making good business partnerships. I would recommend that you engage smaller project opportunities with the people you hope to work with before committing to greater partnership. This will save you a lot of heartache in the long run!
Entrepreneurship is a great way to live out one’s life purpose and find deep satisfaction. Taking time to regularly ask oneself the questions above will keep us on track and make the journey more enjoyable.