Every corporate existing and thriving in this world has been fathered, raised, and nurtured by a godfather, who remains associated with the organization, at least at all the stages of its inception. He or she is responsible for executing all the preliminary tasks associated with the business organization, such as providing seed funding, promoting the company, attracting investors, etc.
This godfather in a corporate world is known as the promoter of a company and is in the highest position at a corporate organization, garnering huge respect and acclaim from all the spheres, apart from getting a lucrative salary. Thus, becoming a promoter is not an easy task, and its interview process comprises questions, that are tricky, deep as well as wily, testing your overall personality and attitude completely.
21 Best Interview Questions To Study
1. How Do You Attract The Global Investors?
This question tests your knowledge and understanding of capital and seed funding.
Sample Answer
Sir, in order to ensure the success and rise of a business organization, it is necessary to receive capital from investors globally. The best way to attract these investors is by attaching and tieing up with a strategic investment management firm. Further, an organization must also prepare a strategic coordination committee so as to smoothen the entire investment process.
2. What Do You Understand By The Term Venture Capital?
This question tests your knowledge and understanding of capital and seed funding.
Sample Answer
Sir, every start-up, be it a manufacturing organization or trading, needs capital at its initial stages. The founder of the organization is a visionary, and does have a strong idea, but lacks capital due to limited personal financial capacity. In order to let those ideas thrive and survive, there are established venture capital institutions, that fund as well as promote an organization at its initial stages by providing capital and necessary support.
3. What Are The Major Mistakes Made By An Organization At Its Initial Stages?
This question tests your business knowledge and the common mistakes that promoters make at their initial stages.
Sample Answer
Sir, the three major mistakes that the promoters make at the initial stages are:
- Lack of adequate marketing, by not investing money into promotional activities.
- Having inadequate support over several business processes, especially logistics and sale.
- Hiring employees, only looking to gain some experience, which ultimately hampers the activities and increases hiring costs.
4. Why Should We Get You On Our Board Of Promoters?
This is a tricky interview question through which an interviewer wants to know, what are the major reasons or key factors that attracted you towards the business organization.
Sample Answer
Sir, it is my established work profile, a good understanding of the business that the organization does, and my capital investment proposal, that qualifies me well to become the promoter of this organization. I am thoroughly impressed by the business that this organization does, and with my capital as well as the knowledge I believe, I can improve the quality of business processes and promote the brand of the company to a great extent.
5. What Is The Role Of Digital Marketing In Today’s Business World?
Being a promoter, you are supposed to have knowledge as well understanding of all the business aspects and prospects, especially digital marketing, without which you can’t just succeed.
Sample Answer
Digital marketing is almost on the verge of replacing traditional marketing tactics. With a rapid increase in the number of internet users, digital marketing has got its wings and is flying truly high. An organization must focus on preparing an effective marketing campaign, so as to promote the brand and overall image of the business organization. By placing advertisements on various digital mediums, such as prominent websites, mobile applications, and e-newspapers, an organization can now promote and increase visibility considerably.
7. What Is Equity and Debt Capital? Also Share the Ideal Ratio Between Them.
This question tests your financial literacy, which is essential and necessary so as to become a promoter of the business organization.
Sample Answer
On the liability side of the balance sheet, one can always find two primary elements which are Equity and Debt. Both these are a form of capital or money, using which an organization is able to conduct its business operations. Promoters and investors, contribute equity on which an organization is not required to pay any interest, however, it has to allot shares. On the other hand, debt is raised from lenders, and financial institutions and an organization have to pay interest on it. As per the concepts of finance, the ideal debt-equity ratio is 2:1.
8. What Is The Most Expensive Source Of Finance?
This question tests your knowledge and understanding of the various sources of investment available along with testing your awareness of the cost of capital.
Sample Answer
Sir, equity financing is the most expensive source of finance, even though there are no interest obligations. This is primarily because by issuing equity an organization is issuing shares of the company, which corresponds to a dilution of ownership. The shareholders are the owners of an organization and have every right to receive a part of the profit, in the form of dividends.
9. What Is A Majority and Minority Stake In A Business Organization?
This question tests your financial literacy, which is essential and necessary so as to become a promoter of the business organization.
Sample Answer
Sir, these are takes that are defined on the basis of equity ownership in the following manner:
| Name of the stake | Percentage holding |
| Majority Stake | More than 50% of the shareholding or issued share capital |
| Minority Stake | Less than 50% of the shareolding or issued share capital |
10. Why Do You Invest In Startups Rather Than Established Business Organizations?
Through this question, an investor wants to know, your level of commitment as well as the ideology behind investing in organizations that are about to start.
Sample Answer
Investing in start-ups is undoubtedly risky and there are high chances that one can lose its capital. But, the higher the risk, the higher are the chances of profits. Every established business organization was once a startup and has reached this level with perseverance, commitment, and hard work. I really admire and prefer to be a part of the success stories rather than being a part of established companies.
11. Who Are Angel Investors and How To Get Funding From Them?
This question tests your financial literacy, which is essential and necessary so as to become a promoter of the business organization.
Sample Answer
Sir, angel investors are some high net worth individuals, that prefer to invest their surplus capital, in the hope to get some stellar business return. The initial stages are quite essential and important for an organization to survive and thrive. These investors support a lot. In order to attract them, an organization must create effective and impressive presentations for them and try to express the missions, visions, and objectives in a comprehensive manner to them.
12. When Can You Start Working With Us?
Through this question, an interviewer wants to know, the exact date on or after which you can start working for the company. There is nothing technical in this question, however, the way you explain it matters a lot too. Thus, refer to our exclusive post which covers this question in detail.
13. What Are Some Of Your Major Strengths?
This is a common interview question and you will find this in almost all the interview sessions that are held worldwide. This question requires you to list some of your major strengths that are relevant to the job position you are being offered. Prepare in-depth for the interview question, through our targeted article giving you ten unique sample answers to choose and read from.
14. What Motivates You To Work?
Through this question, an interviewer wants to know some of the primary reasons that motivate you to become a promoter of business organizations. Just be relevant and share a true picture story of your personal desires, aspirations, and requirements. Be honest and use persuasive language. Refer to our famous article covering this interview question in detail; for more ideas.
15. How Many Stairs Do We Need To Reach The International Space Center?
The promoter is the supreme position in a business organization. Hence, there will always be a few questions that would stimulate you, and make you feel uncomfortable. Maintaining a positive attitude as well as good body language will help you a lot.
Sample Answer
Sir, I believe stairs won’t just work out, as humans, can not go there without oxygen and in case one prefers to, would eventually fall back due to the weight of the oxygen cylinder. What about a rocket, being a promoter, I prefer to be economical, and in my humble opinion, making such a long flight of stairs would be more expensive than going there via a space rocket.
16. How Do You Prioritize Between Several Business Tasks?
The role of a promoter is full of responsibilities and he or she has to perform a variety of business tasks. Thus, in order to maintain productivity as well as efficiency, it is necessary to adopt and follow a proper prioritization policy/strategy. In case you are confused or are not aware of the same, please refer to our tactical article that allows you to read several prioritization techniques.
17. How Do You Handle Business Failure?
Promoting a business organization is a risky and eventful affair, with possibilities of both successes as well as failures. Thus, a promoter must be a positive and headstrong kind of person, having the ability to absorb pressures and overcome failures. Give a good and positive reply to this interview question, so as to improve your chances of getting selected as a promoter of the company. In case you are short of answers, please refer to our exclusive post, giving you a good understanding as to how you can give a perfect answer.
18. What Can You Offer Us That Someone Else Can Not?
This question must not be replied to from a money perspective, as everybody knows, a promoter brings in capital for the business organization. Hence, as an ideal response, always give an answer that matches the personality requirements of the organization. You can always tell them about some of your unique capabilities and talents, that give you an edge over other candidates. In order to prepare in-depth for this interview question, please refer to our exclusive post.
19. How Do You Handle Stress?
Business organizations operate in a dynamic business environment and this pressure gets passed on to its promoters and key personnel. Thus, promoters have to work under a lot of stress and pressure. This makes it almost inevitable to learn some pressure-absorbing techniques. Refer and study our targeted article for a better understanding of this interview question.
20. What Is Quality For You?
This is a tricky interview question, through which an interviewer wants to know, what in your opinion is quality? Every business organization wants its business processes to be exceptional and productive. Thus, answer positively and for a good understanding refer to our famous article for better preparation.
21. Do You Have Any Questions For Us?
This is the end of an interview session. This interview question is asked towards the fag end of an interview session, so as to conclude it and clear all the doubts and apprehensions of a candidate. A candidate must ask a few relevant questions from the interviewer in regards to the organization, its working culture, ethics, etc. Skipping this question can prove fatal to your selection chances, as by doing this you are robbing your interviewer of making further assessments. Thus ask a few questions based on these model questions:
Model Questions
- What are the various allowances as well as incentives that an organization offers to its promoters and investors?
- Please share the details of your organization’s visions, missions and objectives.
- What are the several training and development opportunities that the organization offers to young promoters and angel investors?
References
- https://bmchealthservres.biomedcentral.com/articles/10.1186/s12913-021-06823-4
- http://essay.utwente.nl/86474/
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