Developing Entrepreneurial Skills: Investigation of Scope, Personal Traits, and Mindsets

Developing Entrepreneurial
skills
section 1

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Investigation of scope of entrepreneurial venture using variety of examples.............................3
Examining the range of examples to identify personal traits and characteristics are genetic or
learnt ...........................................................................................................................................4
Exploring the different entrepreneurial mindsets to create new venture.....................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................1

INTRODUCTION
Entrepreneurial skills are the skills that helps the entrepreneur to develop them in order to
grow in the market. The current report is based on the Federation of Small Business in UK that
used to provide advices and information related to small business and entrepreneurs. This report
is based on the scopes of entrepreneurial ventures and entrepreneurial role. In this report there
will be investigation on the scope of entrepreneurial venture such as serial entrepreneurs,
technology entrepreneurs, etc. by using the variety of examples. Further this report will indicate
on the personal traits and characteristics are the part of generic make-up or learnt. At last this
report will put focus on the different entrepreneurial mindsets driven by different skills and
characteristics to create new venture.
MAIN BODY
Investigation of scope of entrepreneurial venture using variety of examples
The scope of entrepreneurial venture is based on the size, geographical, location and
structure of the company. As there are different ventures that makes the wide scope of
entrepreneurs in the market. The entrepreneurship and management are the most related terms
that helps the business to grow in the market. Entrepreneurship has the wide scope as it used to
stimulate the societal changes and helps the entrepreneurs to generate the revenue in the market.
This helps to promote the new venture and used to provide the opportunities to the entrepreneurs
in order to grow in the market (Block, Fisch and Hirschmann, 2022).
The serial entrepreneurs are the entrepreneurs that used to start different types of business
by one another rather than having full focused on the one venture. For example, Elon Musk is the
most famous serial entrepreneurs who used to have different ventures in UK. These types of
entrepreneurs used to have more benefit by having the various business in the market.
Technology entrepreneurs are those entrepreneurs who used to style in order to manage
their business in order to identify the high potential, gathering the resources and working on the
new and innovative technology. For example, Tobi Ajala is the famous technological
entrepreneur who used to found the new and innovative technology. By using the new
technology in the market it helps the entrepreneurs to grow and gain profits.
The social entrepreneurs are the entrepreneurs who used to work for the welfare of the
society not to earn profit in the market (Lee and Huang, 2018). They used to explore the market
in order to get the best opportunities in order to have positive impact on the society and

community in the world. This shows that the scope of the entrepreneurial venture is so big which
helps the entrepreneurs to grow in the market. The best example of social entrepreneur is Nesta
who used to work for the welfare of the society.
Evaluating the similarities and differences between the different entrepreneurial
ventures investigated
Similarities Of the entrepreneurial ventures: The three types of entrepreneurial ventures
is discussed above that used to have more differences than similarities. The similarity between
the serial and technological entrepreneurs used to work for earning the good profit in the market .
Each venture is used to work for the welfare of the society in order to provide the best products
and services in the market. Serial and technological venture is different from social
entrepreneurial venture, but they all want to have growth in the market by providing the best
products and services to the customers (Haneberg, 2020). The main similarity of the entire
entrepreneur in order to create the venture is to bring something new in the market and work
independently and grow in the competitive market. The above three entrepreneurial venture used
to work independently which makes them to get successful in the market.
Differences: Different entrepreneurial venture has its own aim and objective that they
want to achieve in the market. As serial entrepreneurs used to have different venture, so they
have the big aim and for this they have to be very focused in order to earn revenue. On the other
hand the technological entrepreneurial ventures used to have focus on bringing the new and
innovative technology in the market that used to make the work easier for the people working
(Bertoni, Martí and Reverte, 2019). The social entrepreneur ventures are different as they are
non-profit ventures used to work for the welfare of the people in the market. This type of
ventures are continued by having the charity from the different groups or individuals in the
market. There are various other differences that used to differentiate the entrepreneurial ventures
in the market.
Examining the range of examples to identify personal traits and characteristics are genetic or
learnt
The entrepreneurs are the person who used to bring something new in the market and
their main object is to get successful in the market. There are some famous examples of the
entrepreneurs that helps them to get successful in the market. The examples of some of the
famous entrepreneurs are as described below: