Economic Interview Questions

Questions to idenfy a busines's >>

Business Profile:

* Major activities

* How is the business structured

* Types of products / services it provides

* Brief profile of the owner

* Previous experiences / qualifications

* Reasons for starting this business

* Personality traits / skills / competencies (Appendix 1)

* How does the owner believe he can successfully run the business

* What goals has he set for the business / time frame

* Outlining the short term goals for the business.

* Outlining the long term goals for the business.

Location Analysis:

* Where is the business located at

* Site structure / analysis of the location (Appendix 2)

* The factors affecting the location. Is it suitable?

* Why has the owner selected this site? His opinions on it.

* Is it a good decision?

* Is there any real strength for the location chosen?

* Compare to my analysis

* Is there any room for expansion?

SWOT Analysis:

* Strengths / weaknesses

* Opportunities / threats of business

* SWOT analysis (Appendix 3)

* Where do the greatest opportunities lie?

QUESTIONS.

Strengths

 What are the business advantages?

 What does it do well?

 What do customers see as the strengths?

 What potentials do these strengths have for the business?

 How do these strengths benefit the business?

Weaknesses

 Where could you improve?

 Where does the business do badly?

 What should the business avoid?

 How can you garner a larger amount of customers instead of the same customers?

 When or how could you turn weaknesses to strengths? Are you planning to improve on the business' weaknesses?

Opportunities

 Where are the good opportunities facing the business?

 What are some interest trends the owner is aware of?

 Any changes in technology and markets on both a broad and narrow scale

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