Entrepreneurship and Small Business Management

Entrepreneurship and Small Business Management

Introduction
Entrepreneurship is a process that includes different type of procedures like
initiation, launching, designing of a newly established business venture to
generate value from them. Entrepreneurs aim towards offering unique and
innovative product and services to customers in order to satisfy their needs
and demands. Entrepreneurs undertake risks that are already associated with
new business in order to serve and fulfil community and individual
effectively by offering them innovative services facilities and products.

What is Entrepreneur Mind-set?
Entrepreneur mindset is defined as a state of mind that
identifies an individual conduct towards entrepreneurial
activities. Individuals who have entrepreneurial mind set
keenly tend towards undertaking new opportunity as to
create innovative and unique offerings. This concept
determine a state of mind that made a person to
undertake new challenges and risk to innovate something
new. Person who is having entrepreneurial abilities
mainly possess five characteristics that are
accountability, confidence, decision, resilience and
humidity.

The characteristic traits, skills of successful
entrepreneurs
Ren Zhengfei
Characteristic
 Keen Learner: Ren is having the characteristics of keen learner which is an essential aspect of his believe, that states
learning before act
Skill
 Directive Leadership: Ren is one of the most efficient entrepreneurs and is having the skill of directive leadership. This skill
allow him to undertake diverse range of leadership approaches through which he direct, guide and motivate employees of
Huawe.
Trait
 Purpose driven ambitious: It is one of the most essential and crucial trait of Ren of through which he fulfils consumer needs
and demands efficiently.