Very Short Interview No. 1

Entrepreneur Interview

Week 3

The entrepreneur I interviewed is the owner/operator of Fox Realty, which started in Santa Cruz, CA. and has since moved to a more aggressive area in Denver, CO.

1. What was your motivation as an entrepreneur, to start your business?

        My husband was a pilot and traveling a great deal.  He also had a background as a real estate broker and I have a background in architecture and construction administration.  We saw real estate investing as a good opportunity to work for ourselves and control not only our income but our schedule as well.

2. What has been your greatest challenge to date as an entrepreneur?

        Our greatest challenge has been locating discounted properties.  We had thought at the beginning that lining up financing would be much harder but that has been easy in comparison. Finding properties that are discounted enough to allow for a profit after remodeling costs has been very difficult.

3. Where would you like to see your business go in the future?

        We plan to purchase rental properties in other US markets and remodel multi-unit and larger residential properties and explore new construction opportunities in our local market.

I am not really surprised at all to the answers given. I know this couple personally and know of their work ethic as well as their drive to succeed at whatever it is they set out to do. I learned from the answers that with determination and patience that anyone can succeed as an entrepreneur.