Entrepreneurship and Small Business

This presentation discusses the characteristics, skills, motivation, mindset, background, and experience of successful entrepreneurs. It explores the traits and skills of two successful entrepreneurs, reflects on entrepreneurial motivation and mindset, and examines the background and experience that can foster entrepreneurship. The conclusion highlights the importance of skills, characteristics, background, and experience in encouraging entrepreneurship.

ENTREPRENEURSHIP AND SMALL
BUSINESS

TABLE OF CONTENT
Introduction
Characteristics and skill of successful entrepreneurs
Reflection on entrepreneurial motivation and mindset
Background and experience which can foster entrepreneurship
Conclusion
References

This presentation is based on the topic of Entrepreneurship. Basic meaning of entrepreneurship is
innovating or creating something new from nothing. Elizabeth Gooch and Tom Mercer are two
entrepreneurs which are chosen in this Power Point Presentation. Elizabeth Gooch is currently
running EG solutions consultancy firm and on the other hand Tom Mercer is running a MOMA
Food carts around the stations of London.
Introduction

As per the case scenario, the Chief Executive of large telephone company named Greener
Telco want its executives to make the organisation an eco-friendly workplace by reducing
waste generation in activities. The main aim of implementing this decision is to facilitate
reduction of paper usage, wastage and garbage at workstation. Yet it has been observed that
the employees of this company do not have much knowledge about the three “R's” of
sustainability and also do not give much importance to environmental objectives.
Characteristics traits, skills of two successful entrepreneurs

• Entrepreneur is a person who operate their business in the market place. They carry
different traits and skills which makes them different from other managers. Some of the
skills and traits of successful entrepreneurs are discussed as below:
• Skills : It is defines as the ability of doing something in an effective manner.
• Ability to take risk
• Communication skills
CONT.….

• Traits : It means having a variety of features, characteristics, attributes and so on in a
person .
• Flexible
• Strong ability of money management
CONT.….

• Personality plays crucial role in entrepreneur's life because it helps in accomplishing
their objectives and goals. Entrepreneurs prime motive is to realize the idea in a creative
and innovative way. As, its motive is not to earn profit. Entrepreneurial mindset can be
considered as state of mind in which human behaviour is oriented towards outcomes of
entrepreneurial activities. Therefore, motivational structures and personality traits are
important factors to understand entrepreneurs mindset.
Reflection on entrepreneurial motivation and mindset

• The big five traits model can be applied to define personality traits of entrepreneurs which
are as follows :-
• Openness
• Conscientiousness
• Extraversion-
• Agreeableness
• Neuroticism
CONT.….

• Entrepreneur is a person or individual who plays a very important role in any country's
economy. These people who innovate and bring something new in market according to the
current and future needs of consumers. An entrepreneur become successful only when he
passes all barrier which is faced by them at the time of his journey.
Background and experience which can foster entrepreneur

• There are different factors or elements which affect the overall process of an entrepreneur
in a positive as well as negative manner:
• Educational background
• Experience
CONT.….

• From this presentation, it has been concluded that there are various skills, characteristic
and traits of an entrepreneur which make them different from other business managers.
Along with this it has also been analysed that there are two factors background and
experience which help in encouraging entrepreneur.
Conclusion

• Burgan, B. A., & Sansom, M. R. (2016). Sustainable steel construction. Journal of
constructional steel research. 62(11). 1178-1183.
• Chaerul, M., Fahruroji, A. R., & Fujiwara, T. (2014). Recycling of plastic packaging waste
in Bandung City, Indonesia. Journal of Material Cycles and Waste Management. 16(3). 509-
518.
• Joseph, K. (2016). Stakeholder participation for sustainable waste management. Habitat
International. 30(4). 863-871.
REFERENCES

THANK YOU