Interview With an Entrepreneur Daniel Can who is a Founder and CEO of DW Diamonds (Essay Sample)

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Interview with an entrepreneur Daniel Can who is a Founder and CEO of DW Diamonds
I interviewed Daniel Can, who is a Founder and CEO of DW Diamonds and a successful entrepreneur from the United States of America. The interview was conducted in his office in NJ. Daniel Can is considered to be a wholesaler of white and the colored diamonds, and his main base is in LA, and his main responsibility is usually traveling around the world so as to sell the precious stones. He has contemplated of the aspect of expansion because he rarely deals with the final consumer. He is planning to establish a new market via making of a website where the customers will be able to custom design jewelry so as to fit his precious diamonds and also their needs.
He has established diverse ventures all over the globe as he is basically into the service sectors as their services include marketing and selling white and colored diamonds stones. I personally admire him as he has completely attained a lot in his early age because he possesses the capabilities and qualities of a successful business entrepreneur. I have a strong belief that this interview will assist us to understand the path that the entrepreneur chooses to travel.
1 Describe the business and industry
My business is simply the service industry because we provide customers with the precious diamond stones and branding services. As part of this, we conduct market research, review corporate marketing communication internally as well as externally. These aspects include diverse advertisements, and trade shows booth, press release as well as business brochures to show the uniqueness of our organization.
2 What did it take to sell your first product/service agreement? (How did you get your first sale?
What I took for me to sell my first product was determination. I could engage with numerous customers while others kept on rejecting my proposals. My first sale agreement came during wedding period. One of our clients who needed some diamonds necklaces approached me for quotations. I could not hide my joy because I realize this was my day to exercise my managerial skills and make a significant sale. I approached them with my quotation and explained everything to them, and finally, I made sales and that was the turning point of the company.
3 What are the major problems did you as the entrepreneur encountered during startup?
For me to set up this business, the basic problem that I faced was the aspect of investment because the investment was vital so as to loop in for starting the plant. So I came up with the idea to align with diverse partners by selling my ideas and also impressing them as I convince them to invest in the diamonds business. Unfortunately diverse people backed out then I planned to commence a small subsidiary in United States of America where I started as a small scale. This was a big hit with a good team, hardworking and trustworthy team and the profit that arises from this subsidiary was used to invest and expand the business.
4 How were these problems resolved?
Profit from my small subsidiary company was used in the new white and colored diamonds venture that sorted out the aspect of financial problems that arise when starting the business. As this company was introduced in the USA, we got the name that we needed. In the initial stages, we just concentrated much on investing in the company and also managing the expenses because we cannot fully think about the profits. It took approximately four years to get surplus amounts from the business because at this particular stage, we do job maximization and synchronize the processes that will assist you in the long run.
5 How long have you been in business?
That is a good question am impressed by that. I have been in this business for approximately fifteen years. The business has been experiencing ups and down from low sales because some customers were not loyal, the market condition went down at some point midway because of the low economic situation. It is now the fifteen year that we still going strong with our daily production and selling diamonds to our esteemed customers.
6 Are you a serial entrepreneur or is this your first business?
I am a serial entrepreneur, and I have been trying diverse types of businesses until I came up with this wholesale of white and the colored diamonds, and my main base is in Los Angles, and my main responsibility is usually traveling around the world so as to sell the precious diamond.
7 What was the catalyst to become an entrepreneur?
Being an entrepreneur involves sacrifice because one may be having a lot of capital but he or she lacks knowledge on how to commence and run a business. The catalyst that made me involve myself in this particular entrepreneurship is because of my passion for working for self. Previously, I could admire some renowned entrepreneurs such as Bill Gates where I developed that attitude of enumerating them. I decided to try the business of wholesaling white and the colored diamonds, and I installed my office at Los angles.
8 What came first: the desire to be an entrepreneur or the idea you wanted to sell?
The desire to be an entrepreneur came first because since I was young, I could admire some of the renown entrepreneurs such as the Bill Gates, who could offer me guidelines on how to set up a business on my own that will assist the general public in services provision. The idea that I wanted to sell came after I had initiated my business ideas and I was ready to sell and earn.
9 What advice would you give to someone thinking about starting a business?
For the youths who are much interested in starting a business, I advise that they should work for some time because this will allow them to learn and also explore diverse departments. Understand the different arenas of work get good contacts and then invest in the same field where you have gained experience. If someone is from a business family and he or she is planning to initiate a new business...