Upload files to "6th-Semester-Spring-2024/EnI/Assignments"

6th-Semester-Spring-2024/EnI/Assignments/entrepreneur_interview_notes.md

@@ -0,0 +1,55 @@
+What is your professional background?
+- investment wholesaler
+- many in this area follow a similar track
+
+What led you to start your own business?
+- always been in financial serivices
+- in corporate side, customers were financial advisers
+    - learned advantages/disadvantages
+- wanted control of calendar and compensation
+- salary + sales quotas
+- didnt feel underpayed
+- not direct correlation between efforts and compensation
+- no corporate buffer when self-employed (what you put in is what you get out)
+- valuing time vs. money
+- more control over travel (lots of travel selling investment products)
+
+What was the process of starting the business like?
+- lots of things to juggle (hiring, firing)
+- started business with a client from corporate world
+- having multiple people leading makes the company more robust
+- having a succession plan
+
+What company are you franchised under?
+- ameriprise financial
+- under contract, but could leave the franchise
+- could join a different franchise or become independent
+- registered investment advisor (more entrepreneurial)
+- spectrum of employee to entrepreneur
+
+What kind of business is it
+- franchise makes business run more smoothly
+
+merge with other ameriprise practice
+ameriprise is most expensive but probably worth it
+protocol for leaving
+- ameriprise own client files
+- keep clients, but ameriprise alerts them that practice is no longer affiliated
+
+Selling the business
+
+
+self-employed
+franchise circular
+corporate employee - enterprise financial
+- use investment products
+- financial advisor
+
+PROS & CONS of franchising
+- parameters
+- framework
+- requirements
+- compliance (highly regulated business)
+
+- responisble for own expenses (no salary)
+- corporate has expense account