The Mind Set of Entrepreneur: Types, Traits, and Characteristics

This presentation discusses the entrepreneurial mindset and its importance in identifying and solving problems. It explores the different types of entrepreneurs, including local, large, and social entrepreneurs, and analyzes their situational factors, similarities, and differences. The presentation also delves into the shared entrepreneurial traits and characteristics, such as openness, conscientiousness, and extraversion, and how they contribute to success. Additionally, it examines the backgrounds and experiences of three entrepreneurs, Martin Edward Walton, Sir Thomas Sutherland, and Bill Drayton, and compares and contrasts their interests and motivations.

The Mind Set of
Entrepreneur

Table of content
 Introduction
 Example of different types of entrepreneur and their scope
 Analyzing their situational factors, similarities and differences
 Analyzation of shared entrepreneurial traits and characteristics
 Analyzing background and experiences
 Analyzing compare and contrast of different entrepreneurship
 Conclusion
 References

Introduction
The mind set of entrepreneur refers to a set
of skills of entrepreneur that helps people to
analyse and develop more opportunities,
effective results, solve problems and achieve
their goals in effective manner.

Example of different types of
entrepreneur and their scope
An entrepreneur is a person who start a business and adapt risk in order to
earn maximum profit in effective manner. Entrepreneur are mainly in 4 type
which includes local, large, social and scalable. The top social, local and large
entrepreneurs of UK are described below:
 Small or local entrepreneur
 Large entrepreneur
 Social entrepreneur

Analysing their situational factors,
similarities and differences
Similarities- The basic similarities between local, large and social entrepreneurs are
discuss below:
 One of the basic similarities of these entrepreneurs is creativity skills. It is
founded in all type of entrepreneur because in order to start a business, an
entrepreneur display creative idea in effective manner.

Continue…
The differences among business ventures are as follows:
Basis Local Large Social
Scope The main scope of Martin
Edward Walton is to expand
their business across the UK
in order to make it global.
The scope of Sir Thomas
Sutherland was to make
branches of HSBC in more and
more countries in effective
manner.
The main scope of Bill Drayton
is to change the thinking of
society and create more values
for the people in relevant
manner.

Analysation of shared entrepreneurial
traits and characteristics
An entrepreneur has some entrepreneurial traits and characteristics which makes them
successful in nature. In context of Martin Edward Walton, Sir Thomas Sutherland and
Bill Drayton, its 5 factors of personality traits are described below:
 Openness
 Conscientiousness
 Extraversion
 Agreeableness
 Neuroticism

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 Openness- This factors of personality traits describe that an
entrepreneur should use its imagination and insight in order to
start business in effective manner.
 Conscientiousness- This features includes high level of goal
oriented behaviour, good impulse control and thoughtfulness.
 Extraversion- This feature includes assertiveness, excitability,
sociability, talkativeness and emotional expressiveness.

Analysing background and
experiences
 Local entrepreneur- Martin Edward Walton is a
director of Broadsword Event house and this person is
British and resident of England as well as born in
September 1967.
 From starting he was very creative and curiousness in
order to perform his task in effective manner.

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 Global entrepreneur- Sir Thomas Sutherland was a
British Banker and Politician and born on 16 August
1834 in Aberdeen, Scotland, United Kingdom.
 This person is well known as founder of The
HongKong and Shanghai Banking Corporation
which was the member of HSBC Group and director
of P&O Company.

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 Social entrepreneur- Bill Drayton was born on 1943 in New
York City, New York and complete its schooling from New
York City elementary school.
 Strong values and public service was develop by listening
stories from its parents' families which includes women's
leaders in the U.S. and several of the earliest anti-slavery
abolitionist. In its school he loved to study geography and
history.

Analysing comparing and
contrasting the different
entrepreneurs
Basis Sir Thomas Sutherland Martin Edward Walton Bill Drayton
Background He uncle was a banker and he work
under him in many years which
makes them to found a bank that is
HSBC in effective manner.
He was creative in its future which
makes them to start a event
management business in order to
explore their ideas in effective
manner.
He was perform various activities
of public services in future which
influence him in order to establish a
social entrepreneur in effective
manner.
Interest He was interested in order to
provide banking services all over
the world.
He want to earn maximum profit by
exploring their ideas and creativity in
events for their client.
He was interested for providing
social services and changed the
thinking of society to mitigate
inequality of income from the
country in effective manner.

Conclusion
From the above mentioned presentation, it is concluded that entrepreneurial
mindset helps business in order to identify problems and provides effective
solution on time in effective manner. Local, global and social entrepreneurs
have different opinion in order to start their business in effective manner.
Openness, conscientiousness, extraversion, agreeableness and neuroticism are
some personality traits that founded in entrepreneur.

References
 Balachandra, L., 2019. The improvisational entrepreneur: Improvisation training
in entrepreneurship education. Journal of Small Business Management, 57, pp.60-
77.
 Bandera, C. and Passerini, K., 2018. Personality Traits and the Digital
Entrepreneur: A New Breed or Same Actor?.
 Bandera, C. and Passerini, K., 2018. Personality Traits and the Digital
Entrepreneur: A New Breed or Same Actor?.

Thank you