Entrepreneurship and Small Business Management

Entrepreneurship and Small Business
Management

Table of Content
• Introduction
• Characteristic traits and skills of successful entrepreneurs
• Aspects of the entrepreneurial personality
• Entrepreneurs background and experiences
• Conclusion
• References

Introduction
Entrepreneurship is considered as the structure of initiating a new business or
operating a enterprise through an individuals who enter with creative
products into competitive market area. Mainly, this is the capability of
people to improve as well as perform another venture through facing risk
for earning profitability into market

Characteristic traits and skills of successful
entrepreneurs
Several characteristics traits and skills of entrepreneurs. Peter Jones who is the
well known British entrepreneur and investor on BBC Two television show
Dragon'Den and American television series American Inventor. Its skills,
characteristics and traits are discussed below:
Entrepreneur Characteristics Traits Skills
Peter Jones Passionate: It is crucial characteristics
which help entrepreneurs to become
successful in its professional life. This
assists Peter Jones to stay with its
objectives. It distinguish him from business
manager as they are not so much
passionate towards its work as only
accomplish its responsibilities. Also, the
business manager are passionate towards
their role and responsibilities where as
entrepreneurship are passionate towards
developing their enterprises.
Confident: Peter Jones are very much
confident as he faces various risk but
do not loose his confidence. This trait
differentiate them from other business
manager as they are accountable to
make decision but because of lack of
confidence it have to take help from
others. Also, they are different from
the business managers as it is
confident about their decisions where
as entrepreneurs like peter Jones are
confident about their activities for
enterprise development.
Creative Thinking: This skills are import
for the entrepreneurs as it aids them to
develop new as well as creative things.
Peter Jones has this skills that help him to
make innovative products. This particular
skills distinguish him from another
business manager as they do not develop
any creative things or ideas only perform
to manage the organisations and people
who work their. Moreover, business
manager use this skills to formulate
strategies , plans, decision and others
where as entrepreneurs use this skill to
develop new and innovative products for
its firm.