Describe a successful businessperson you know(e.g. running a family business)

Part 3 Follow Up Questions
1. What factors lead to success?
Factors that lead to success include hard work, determination, and having a clear goal. When you work hard and stay focused on what you want to achieve, you have a better chance of being successful.
2. What do people need to sacrifice for success?
To achieve success, people often need to sacrifice their free time and sometimes even comfort. This means dedicating more time to work or studies and giving up some leisure activities.
3. Which is more likely to be successful, family businesses or large corporations?
It’s hard to say for sure, but both family businesses and large corporations can be successful. It depends on how well they manage their resources and serve their customers.
4. Is it easy for a business to be successful without affecting the environment?
It’s not easy for a business to be successful without affecting the environment. Many businesses produce waste and use resources that can harm the environment. To be successful and eco- friendly, businesses need to find ways to reduce their impact on nature.
5. Can you provide some examples of family businesses in your country?
In my country, there are many family businesses, such as small shops, restaurants, and big industries as well. These businesses are often passed down through generations and are an essential part of our communities. To cite an example, Ambani’s are one of the biggest business families in India, they have their businesses in almost every sector from retail, oil, telecom to even defense manufacturing.
6. What qualities should be considered when recruiting employees?
When recruiting employees, qualities like skills, honesty, and a good work ethic are important. It’s also important to find people who fit well with the company culture and share its values.
7. What kinds of businesses are popular in your country
Well, like everyone says that India is a diverse country so lots of businesses are popular here. Some of the most popular include real estate in which the earnings are really high. After that Indian IT sector has seen a lot of growth lately so people like to invest in technology companies. If you had the opportunity, what kind of business would you like to do
I think this is a very interesting question, if given a chance; I will like to do something in the education sector probably related to IELTS only because I feel there is a lot of opportunity in this field. Moreover the current institutes do not provide quality coaching to the students that’s why lot of students fail to clear the exam in single attempt.
8. What age do people want to retire in your country?
In our country people generally retire at the age of 60 but nowadays the trend is changing and people are thinking about retiring early. They want to work hard when they are young and earn more money so that they can retire by the age of 50 and fulfill their dreams such as traveling the world.
9. Would young people in your country like to open up their own business or find a job?
In my country, majority of the people like to do a job first because opening a business requires a large amount of money (huge capital), whereas a job is a more secure way of earning money.
10. Would you want people to do online business or run a company in real?
Well I have really never thought about this much but I think people should initially start online business because the risks in online business are lesser as compared to the real business. Also the amount of money required to start online business is lesser as compared to a reality business.