Qualitative Analysis of Entrepreneurship in a Current Business Concept

Applying a qualitative analysis to a
current business concept

Table of Contents
Introduction......................................................................................................................................3
Data analysis:..........................................................................................................................3
Findings..................................................................................................................................4
Reflection...............................................................................................................................4
References........................................................................................................................................6

Introduction
Entrepreneurship is the term which is used to describe the main action involved with
starting and successfully running a new business enterprise (Morozova, Popkova and Litvinova,
2019). In other words, entrepreneurship is the act of founding, establishing, and running a new
business with the goal of making a sizable profit. Entrepreneurs who are capable of planning,
launching, and managing a new company project complete this task. In this situation, the main
objective of the entrepreneur is to raise their profit margin. To be a successful entrepreneur, it is
must to put in a lot of effort and there are certain enduring issues that come with entrepreneurial
practises. That is why the difficulties with job experience that entrepreneurs frequently encounter
form the basis of the current study. Without any past expertise, starting and operating a profitable
firm becomes quite challenging for an entrepreneur. In this regard, a conversation with the
entrepreneurs will be undertaken to collect the relevant data. The interview question will be
chosen based on the most important problems connected to entrepreneurial practises. The study
will also include any necessary report results and analyses. The final section of the report will
also include a perspective on the analysis processes (Ratten and Usmanij, 2021).
Rational of choice of qualitative interview
The ability of a qualitative interview to provide in-depth information on a particular topic is the
main rationale for adopting it. The qualitative approach is essential for gathering extensive and
detailed data. An interview will be conducted in the current scenario to acquire crucial data
required to make informed judgements in the future. Through the interview, it is possible to learn
important information from the business owners. Here, the interview questions are given below-
 Do you have any past commercial or corporate management experience?
 What difficulties do you have managed your new company endeavour successfully?
Data analysis:
Analysis shows that entrepreneurship is necessary to launch a new business and run it
successfully. When starting or running a new firm, entrepreneurs confront a variety of
difficulties. Entrepreneurial activity's primary purpose is to make a substantial profit. However,
business owners have a good chance of successfully boosting the economy's development. By
using earlier experience, one may be able to appreciate the market's potential more fully.
Additionally, past success makes it straightforward for business owners to see and grab