Are the ‘entrepreneurs’ you’re interviewing for jobs in your portfolio really the same ones you want to hire?
Posted November 10, 2018 05:37:22 There’s a lot of chatter about the number of entrepreneurs in Australia.
But what if the companies you’re working with aren’t the ones that people actually know?
This interview question is about that.
So, to help get your head around what’s actually going on, I spoke to the people who are doing it.
You might think you know the answer, but you don’t.
If you want a better understanding of what’s going on here, I’ve broken down the question and its answers into a few key questions to get you started.
Q: Are you a “CEO” in the sense of the Australian Board of Trade?
What is a CEO?
Q-Answer: The board of directors of a business or an organisation that’s in a position to make decisions about the future of a company.
Who is the CEO of a start-up?
For example, imagine you’re a young startup trying to get off the ground.
They’re all looking for a CEO to lead them to success.
The question is: how can you find out who’s the CEO?
Q: Do you have to have a degree to be a CEO in Australia?
A: Yes, you must have a Bachelor of Business or Management or equivalent degree.
However, if you’ve got a degree from an accredited institution, you’re still considered a “minister” (a senior executive) of the business.
There’s no need to be an MBA or a diploma.
Q: Does a business need to have an established product to be considered for a start?
Q-How much is a “startup” worth?
A – $1.7 billionQ-Who decides if a start is a success?
A (more likely) noQ-What is the “average number of years” it takes to grow a company?
A $15-20 million a yearCompany: $100 million (for a start)Company: NoQ-Can a start be a company with no assets?
A noQ: How many founders do you have?
A 4Q:What are the founders’ skills?
A good ideaQ:How do you determine if a company is a business?
A Good ideaQ-Do you need a capital structure?
A NoQ: Can a company be privately held?
A YesQ: What happens to your money once a company’s worth has been determined?
A You can sell it to someone elseQ-Will you be paid if your company goes bust?
A Not at allQ-Are you paid if you leave your company?
An average of $0.3 per hour.
Q+Can you quit your job and go into a venture?
A AbsolutelyQ-Which of the following are the most common ways founders leave their jobs?
A A lack of motivationQ-Why would a founder leave?
A to get out of the “real world”Q-If you quit, would you be happier?
A DefinitelyQ-Would you still want to work at the company if you were working for it?
A probablyQ-Is it a good idea to quit your business?
An important considerationQ-Does quitting a company hurt your company financially?
A ProbablyQ-Isn’t quitting your job a bad idea?
An extremely valuable decisionQ-Could you quit and still be successful?
A very possibleQ-I have a lot to learn, what should I do?
A Get to know your team.
Ask them questions.
What’s your name?
A Peter BoultonQ2.
What are you doing?
A Selling my houseQ3.
Why do you want it?
What do you believe in?
What would you like to achieve?
What is your vision for your company’s future?
What should you be doing to help your company grow?
What did your parents teach you in school?
How would you rate your current work?
What advice would you give your parents?
What does your family think about your current life?
Do you feel like you’re alone in your own journey?
How do you feel about people judging your success?
What can you tell your parents about you that you haven’t told them already?
What kind of advice would your parents give you?
Do your parents have any regrets about what they have seen you achieve?
A They probably shouldQ17.
What happens if you don