Differentiating entrepreneurs from other business managers

Entrepreneurship and
Small Business
Management
TASK 2 (LO3 & LO4)

Table of Contents
P5. Differentiating entrepreneurs from other business managers based on their characteristic
traits and skills
P6. Evaluating the way aspects of entrepreneurial personality reflects motivation and mind-set
of entrepreneur
M3. Different lines of argument relating to entrepreneurial characteristics
D3. Characteristic traits, skills and motivational drivers of successful entrepreneurs
LO 4
P7. The way background and experience can hinder or foster entrepreneurship
M4. Relation between entrepreneurial characteristics and the influence of personal background
and experience to specific successful entrepreneurs
D4. The way background and experience influences entrepreneurs, both positively and
negatively

P5. Differentiating entrepreneurs from other business managers
based on their characteristic traits and skills
For start-up businesses, it is not likely that every entrepreneur will get successful.
There are specific characteristic traits and skills that make them successful. Some
of the characteristic traits and skills of Jeff Bezos are like:
 Creativity and innovation
 Risk tolerance
 Leadership
 Spotting new trends

P6. Evaluating the way aspects of entrepreneurial personality
reflects motivation and mind-set of entrepreneur
There are some factors which affect the entrepreneurial personality and reflect
motivation as well as mind-set of entrepreneurs. These factors are like:
 Upbringing
 Lifestyle and
 Cultural background