Purchase Solution

Success of an Entrepreneur

Not what you're looking for?

Ask Custom Question

Choose a successful entrepreneur with a successful business that interests you. The entrepreneur may be someone you know or you may select an entrepreneur from the list of entrepreneurs located at http://www.empact100.com/list or http://www.topbusinessentrepreneurs.com/. Then, address the following elements:

Business profile. Interview or research the business owner online, and answer the following questions (Hint: Answer as many questions as possible.):

What size is the business? How many employees are there? (If possible, identify the revenue base.)
How long did it take the business to make a profit?
Why did the entrepreneur decide to go into business? How many years has the entrepreneur been in business?
What main product or service does the entrepreneur sell?
Who was the first client?
Who are the entrepreneur's customers?
You may address other questions you want related to the business profile.

Owner profile. Now, interview or research the business owner to find out more about his or her personality. Answer questions that will help you develop a personal profile about him or her. The following are a few questions to consider beginning with:
What is the entrepreneur's background?
Identify 2 advantages of owning this business?
Identify 2 disadvantages of this business?
How did the entrepreneur prepare for his or her business? Does the entrepreneur have specific training or a degree?
How might the entrepreneur stay current with innovations and technologies in his or her industry and for his or her business?
You may address any other questions you want related to the owner's profile.

Write an analysis. Separate the sections between the business profile and owner's profile. Then, complete the following:
Write an overview of the business and the owner from your interview.
Summarize any connections between the business and the owner's profile.
Were you surprised by the owner's background relative to the business he or she owns? Create a profile by detailing the business, owner, and summary of your analysis.

Purchase this Solution
Solution Summary

This detailed solution researches a successful entrepreneur and discusses his background, size/type of business, profile of customer, etc. It includes a business profile and owner profile. The subject is Carl Daikeler of Beachbody (P90-X). Formatted copy and APA references are included.

Solution Preview

Thanks a bunch for requesting me. I hope this is what you wanted- please let me know. I attached a formatted copy as well.
Good luck!

Beachbody & Carl Daikeler

Owner Profile: Carl Daikeler

Mr. Daikeler, the entrepreneur behind Beachbody, the global health and wellness company, started in the infomercial business. He earned a B.S. in corporate organizational media but had no idea what to do with it. Mr. Daikeler worked for every major infomercial marketer before embarking on his own. His first product, in the 1980s, was for the accounting industry, but he also produced commercials for dating services and eight-minute abdominal workouts.

Mr. Daikeler claims he was always trying to overcome his dislike for exercise in developing fitness videos. Eventually, he paired up with a fellow infomercial marketer, Jon Congdon, to help start a fitness company. It was not until 1998 when Mr. Daikeler convinced 20 angel investors to support the launch of Beachbody, that the company started taking off. Now, the business boasts, "more than 10 million satisfied customers and generates over $1.3 billion in sales" (Beachbody.com, 2012). Mr. Daikeler has a knack for developing talent, from Tony Horton (P90X) to Shaun T (INSANITY) to Kathy Smith.

Mr. Daikeler understands the importance of changing the format of the workout to keep participants interested and build a broader customer base, while continuing to increase sales. He is ultimately a showman, figuring out the next turn he can take to continue on a path to success. He equates workout delivery to producing a fashion line, with the constant need for the fresh and new. In 2007, Mr. Daikeler began accruing a database of people interested in fitness and weight loss, which now boasts over 7 million people. Mr. Daikeler is using this database to recruit distributors and expand his products worldwide. In addition, Mr. Daikeler is a self-marketer, utilizing a blog, Twitter account, and social media to promote himself, along with the company. Mr. Daikeler is currently the CEO and Chairman of Beachbody.

The ...

Solution provided by:
Sally Baldwin, Ed.D
Education
  • BA, University of Southern California
  • MSS, United States Sports Academy
  • Ed.D, Boise State University
Recent Feedback
  • "Thk u"
  • "Thank you!:)"
  • "Thank you!:)"
  • "Thank you!:)"
  • "Thank you!:)"
Purchase this Solution
Free BrainMass Quizzes
Lean your Process

This quiz will help you understand the basic concepts of Lean.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

View More Free Quizzes
Related BrainMass Solutions

  • This post analyzes the success of repeat entrepreneurs.

    The repeat entrepreneur has the distinct advantage of being able to speak from a pattern of success.

  • collective bargaining

    In this manner, there are several factors which are very essential for the success of a venture and an entrepreneur should consider these all factors carefully before giving an actual shape to the plan of starting a venture. // I hope the assistance

  • Evaluate your potential success as an entrepreneur (both in

    Evaluate your potential success as an entrepreneur (both in terms of reasons to become an entrepreneur and characteristics of successful entrepreneurs). Would you make a good entrepreneur? Why or why not?

  • New Businesses and Entrepreneur Personality

    A good reputation is critical to an organization's success.

  • Planning a new start-up business

    Where can an entrepreneur go for funding? 3. What kind of short-range and long-range planning would be required for success? 4.

  • Entrepreneur to attract/develop the 'internal' customer

    Attracting and developing both internal and external customers is a task if well executed by an entrepreneur would most likely result to retention of these customers thereby ensuring the success of the business.

  • entrepreneur

    Entrepreneur is extremely important to any business because an effective entrepreneur leads the organization towards the achievement of its strategic goals, providing the necessary leadership and direction to the organizational employees and helps in

  • Product Launch Plan

    The structure of a business for an entrepreneur is a proprietorship or a partnership where the full responsibility for the success or failure rests on the entrepreneur.

  • Leadership Styles

    Identify which of these three character traits is the most important to their success as a leader.

  • Describe the characteristics of an entrepreneur

    Pros and Cons of Being an Entrepreneur. Retrieved on 01/16/2020 from http://source.southuniversity.edu/pros-and-cons-of-being-an-entrepreneur-96101.aspx Hoffower, H. & Brandt, L. (2019).

View More Related Solutions