Entrepreneurship and Small Business Management

Entrepreneurship
and small business
management
(LO3 and LO4)

Table of content
• Introduction
• Characteristics, skills along with motivational drivers
• Entrepreneurial personality aspects
• Background and experience
• Impacts
• Conclusion
• References

Introduction
Entrepreurship is an activity as well as an ability of
an individual to create, visiluasize, develop, and
organize ideas or thoughts into new business venture
with an aim of obtaining maximum level of profit in
an effective and efficient manner. Along with this,
the foremost intent of every entrepreurial venture to
adapt innovative ideas as well as bear all sort of loss
or risk by its own in order to gain competitive
advantage within competing industry

Characteristics, skills along with motivational drivers
In order to obtain success in career, entrepreneur learn or adopt various skills
such as communication, decisiveness, risk taking, passion and many more that
lead them to gain competitive advantage in an efficient manner. For example,
Martin Lewis is highly passionate and flexible which made him a founder of
MoneyExpertSaving.com whereas Brent Hoberman has effective communication
and risk taking ability that lead him to be CEO of Founders Factory.