Hi everyone,
Cameron Chancy who is the Director of Accounting for Sampson Regional Medical Center completed my SME interview for ENT650. Cameron answered the questions I presented to her prior to our phone conversation. I had the pleasure of talking with Cameron via phone to learn more about the importance of financing and what it takes for a business to survive. As Cameron explained, it is best to come up with a business plan in writing and constantly research to ensure you are making the best business decisions. Please see the interview question responses from Cameron Chancy below. I look forward to any feedback/comments you may have.
Audrey Jordan
ENT 650
Dr. Lockwood
September 25, 2020
SME Interview Questions (Cameron Chancy, SRMC – Director of Accounting)
Tell me a little bit about yourself (professionally).
I graduated with a bachelor’s degree in Accounting from North Carolina State University. I spent 10 years with a small residential and commercial construction company in North Raleigh and have been with SRMC for 6 years now.
What is your definition of an entrepreneur?
Being an entrepreneur to me is someone who is willing to risk everything for an idea. Bearing the sole responsibility of where something thrives or dies, takes an unique set of skills that not everyone possesses.
Financially, what aspects should entrepreneurs focus on when it comes to establishing a successful business?
Make a budget and stick to it. When someone is starting out, they tend to make most decisions based on the emotional aspect of it. If you can make it work sitting down with paper and a pencil, you’ll survive longer.
What marketing tactics would you consider essential?
The most cost efficient. Always use free options so you do not have to spend the most when acquiring your target audience. Social media now is a major platform in which small businesses are taking advantage.
What is the best way to build successful customer base?
Customers want two things: quality and dependability.
What are your thoughts about having a line of credit available for a business?
As long as the interest rates are reasonable and you’re using the credit for your business, I think it’s a great idea.
How important is sourcing and evaluating when it comes to investment?
It’s everything. Taking the time and energy to do your research and not just dive in, can pay for itself.
What suggestions/advice would you provide to someone who is considering becoming an entrepreneur?
Be smart. Evaluate your market and see if there’s an opportunity or something that sets you apart. If you’re trying to break ground into an already saturated market, it usually doesn’t work.
