Entrepreneurship and Small Business Management Assignment : Microsoft

Entrepreneurship and Small Business Management

Table of Contents
INTRODUCTION...........................................................................................................................3
Activity 1.........................................................................................................................................3
Covered in Booklet.................................................................................................................3
Activity 2.........................................................................................................................................3
Characteristic, traits and skills of successful entrepreneurs...................................................3
Entrepreneurial personality reflect entrepreneurial motivation and mindset.........................5
Background and experience can hinder or foster entrepreneurship.......................................6
CONCLUSION...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Entrepreneurs can also determined as backbone of economy because they establishes
small venture that support to the economic development of nation. In addition to this,
entrepreneurs are those individuals who establish ventures with limited resources through taking
risks so as to survive in marketplace. Presence of Small and medium size business venture
supports effectively in the economy of nation. This report will discuss about different kind of
ventures and typologies along with differences and similarities between them. Relevant
statistical data that will be define impact of micro and small business ventures on economy of
nation. Furthermore, this report will explain importance of small business in the growth of
economy along with significance of skills, traits and characteristics that supports individuals in
becoming successful entrepreneurs. At last, critical evaluation regarding how background and
experience impacts positively and negatively on entrepreneurial idea.
Activity 1
Covered in Booklet
Activity 2
Characteristic, traits and skills of successful entrepreneurs
Several characteristics, traits and skills are present in entrepreneurs that differentiate
them from business managers. These characteristics traits and capabilities are also supports
entrepreneurs in generating new and innovative ideas. Chosen entrepreneurs for this project are
Larry Page of Alphabet Inc. and Bill gates of Microsoft whose characteristics, capabilities and
traits are given as below:
Characteristic
 Passion: This is an important characteristic of entrepreneurs that supports them in
focusing on their desired goals without destructing in any specific areas. Both
entrepreneurs Larry and Bill gates having these skills due to which in modern era, they
are known as successful. This characteristic also differentiate entrepreneurs from
business managers because managers losses their patience in hard situations due to which
proper decisions can't be made by them for betterment of firm.