Entrepreneurship and Small Business Management

ENTREPRENEURSHIP
AND SMALL BUSINESS
MANAGEMENT

Table of Content
 Introduction
 Characteristic traits and skills of successful entrepreneurs
 Aspects entrepreneurial personality
 Background and experience impact upon entrepreneurship
 Conclusion
 References

Introduction
Entrepreneurship is defined as a business practice which is undertaken by an individual where
he or she set up a business by handling all the related operations and risk associated along with
enjoying all the benefits and earnings of it. An entrepreneurship is operated by an entrepreneur
who is a person develops their business on their own by handling all the risks and
responsibilities along with enjoying all the perks. The PowerPoint of the report includes two
entrepreneurs defining their unique skills, traits and characteristics. Moving forward OCEAN
model of entrepreneurial personality evaluated for understanding its influence over motivation
and mind-sets of entrepreneurs. And at the end the impact of background and experience of an
entrepreneur is highlighted which can be hindering for fostering their business activities and
ideas.

Characteristic traits and skills of successful entrepreneurs
Every business visionary is exceptional in their particular manner. They have their own arrangement of abilities
and skills that make them unmistakable inside the crowd of different business people. In this connection, two of
the best business people of Britain named Richard Branson and JK Rowling are considered to examine what are
the one of a kind features that made them arrive at the level at which they are today. In this way, their range of
abilities is quickly talked about underneath:-
 Characteristics
 Belief: This is viewed as an unmistakable trait of a business visionary whereby they have trust in their aptitude,
fitness and capacity. Richard Branson and JK Rowling, both were business people who had high self conviction,
giving them help in making fast progress.