Entrepreneurship and Small Business Management

ENTREPRENEURSHIP AND
SMALL BUSINESS
MANAGEMENT

• TABLE OF CONTENTS
• INTRODUCTION
• Main Aspects of Entrepreneurial Mindset
• Situational Factors
• Character Traits
• Influence of Background on the success of entrepreneurs
• Extent of the influence of Background on Entrepreneurship
• CONCLUSION
• REFERENCES

INTRODUCTION
 Entrepreneurship plays a significant role in any business.
A small business, if led by an entrepreneur results in a big
business. The entrepreneurs contribute positively in the
established business by adapting some entrepreneurship skills.
Every business, whether big or small need entrepreneurship even
to survive.

Main Aspects of Entrepreneurial Mindset
The main things which plays a significant role in the journey to become
Entrepreneur is their mindset. They have to think differently with greater ideas.
Their mindset must be creative, communicative, and highly motivated to attain
success, and must be ready for all the risks and failures.
The positive attitude, their creative mindset, communication ability, self
motivation and the quality of learning from the failure makes the entrepreneurs
unique from others.