Recently Erin (Http://www.collectcreatecirculate.com) contacted me and asked if I would be interested in answer a few business-based questions for a course that she is taking at Iowa State University. Of course, I agreed, I do love to talk! It was a thought-provoking interview and I really enjoyed answering her questions. I thought it would be a fun insight to share some of the questions here on the BOMQ website.
What education did you have prior to starting your business?
I worked in fast food, so I joke that I have a degree in French fries. All kidding aside, my education is limited to community college.
What was your previous occupation before you started your own business?
I was a manager of a fast food restaurant….would you like fries with that??
Does your family have any background as entrepreneurs?
This is my one advantage, my husband is an entrepreneur as well. I have learned so much from him and have benefited from his experiences.
Do you have any business role models?
Besides my husband, my business role model would be Mark Cuban. I am in awe of what he has done.
What was your motivation for starting your own business?
I wanted to quilt as much as possible and I couldn’t make quilts fast enough. Not really the most inspiring start, but hey, it’s the truth.
Did you have any goals when you were just starting out?
I have always been very goal oriented. My first one was to have just one person pay me to quilt their quilt for them……I achieved it.
How did you fund your business in the beginning?
Since I already had the machine, I didn’t need a lot of funds. I am a huge believer in starting small and building as you go. Having the stress of debt makes it hard to be creative.
Did you consider having any partners?
Nope, I subscribe to Dave Ramsey’s theory, “the only ship that won’t float is a partnership” I do have a great support group around me though and that has made all the difference.
In your blog you’ve mentioned that you kind of just fell into this business without a plan, but have you at any point sat down and prepared a more traditional business plan?
Not in traditional sense. I have more of a “future plan”, what I want to accomplish in the next few years.
It was a long, in-depth interview, so I only included a few of the questions in this blog post. If you would like to see all the questions and answeres, feel free to check it out by clicking on this link: Q&A interview
Now it’s my turn to interview you! One question that Erin asked was particularly thought-provoking for me. What you answer for the following question:
Have you faced any major challenges or problems while running your business (or starting one)? If so, how did you solve it?