Entrepreneurship and Small Business Management

This presentation explores the concept of entrepreneurship and small business management, highlighting specific examples of entrepreneurs at different levels (local, global, and social), discussing their similarities and differences, examining entrepreneurial traits and characteristics, and analyzing the impact of background and experiences on entrepreneurship.

ENTREPRENEURSHIP AND
SMALL BUSINESS MANAGEMENT

TABLE OF CONTENT
 Introduction
 Specific examples of entrepreneurs to illustrate the scope of
entrepreneurship within one local, global and social entrepreneur
 Similarities and differences among various entrepreneurs
 Entrepreneurial traits, characteristics and the way they are related to
entrepreneurial characteristics
 The way background and experiences of entrepreneur foster or hinder the
entrepreneurship
 Comparison and contrasting the different entrepreneur in context of their
background and experience
 References

INTRODUCTION
 Entrepreneurship is a procedure of conception and ancestry of
values. It is the action of setting up of business enterprise after
considering all the risks that are potentially involved in their
operating.
 The businessperson ventures can have various ownership
structures along with the requirement of certain skills and
characteristics within an entrepreneur to develop and manage
the business activities in most effective manner.
 This presentation will highlight the concept of different kind of
entrepreneurs at various level along with its similarities and
differences.
 Apart from this, presentation includes traits, characteristics,
background and experiences that hinder or foster the
entrepreneurship.

SPECIFIC EXAMPLES OF ENTREPRENEURS TO
ILLUSTRATE THE SCOPE OF ENTREPRENEURSHIP
WITHIN ONE LOCAL, GLOBAL AND SOCIAL
ENTREPRENEUR Ms Rana Harvey is an entrepreneur who
sets the business namely Monster Group.
 The business within the economy has
progressed in quick manner with the
effectual skills of the entrepreneur.
 She is highly motivated and passionate
towards the completion of their business
activities and maintains high level of
discipline in order to complete their
assignments and tasks.

CONTD.
 Adam D'Angelo is a well known global entrepreneur establish a firm
named as Quora. It is an investment company. He specifically gives
emphasis on the long term decisions for the betterment of the
organization and always do what is right in order to grow their firm
and never take short term decisions.
 Black Mycoskie is a social worker or entrepreneur as he
became the chief shoe giver and founder of TOMS shoes. He pledged
to donate one pair of shoes for every one sold and now enlarge the
one for one campaign to support various social care and other
related issues.

SIMILARITIES AND DIFFERENCES AMONG VARIOUS
ENTREPRENEURS
 As per the examples that has been illustrated within
the above study, it has been clear that the
similarities among the local, global as well as social
entrepreneurs are that they are having effective
abilities to find opportunities for the betterment of
the business future as well as for the betterment of
the society. All of them are highly motivated, creative,
innovative and well driven to operate the business in
fruitful manner. All the entrepreneurs have their own
individual long term vision and goals and they work
accordingly in order to make their business activities
most successful through effectual ways. They all
shares high risk taking abilities in terms of their
finances to make their organizations successful in
front of their competitors with the fulfilment of
consumers desires.

CONTD.
 On the other hand, there are few differences
also had been incurred which described as
local entrepreneur did focus on the local level
competitive firms and have limited access of
market as well as knowledge base regarding
business activities and gives emphasize more
on giving innovative services, while global
entrepreneur conducts business all over the
world because they have access to a market
that is much larger than local market and gives
emphasis on profit margins.
 While the social entrepreneurs given
accentuate towards the solution of social cause
rather than for their own profitability measure.

ENTREPRENEURIAL TRAITS,
CHARACTERISTICS AND THE WAY THEY ARE
RELATED TO ENTREPRENEURIAL
CHARACTERISTICS Creative and innovative skills: Adam
D'Angelo is one of the global entrepreneur that
have effective creative and innovative skills
that helps it in finding new and innovative
method that could be used to start and run the
business successfully.
 Risk taking ability: Moreover the
entrepreneur have capabilities to take sufficient
amount of risk related to the business. Likewise
the Adam D'Angelo, Ms Rana Harvey has
taken sufficient financial risk with an motivate
to earn huge profitability. Thus, it has resulted
in earning high profit margin.

THE WAY BACKGROUND AND EXPERIENCES
OF ENTREPRENEUR FOSTER OR HINDER THE
ENTREPRENEURSHIP
 Adam D'Angelo has done its education for Phillips
Exeter Academy high school that has helped in
developing Synapse Media Player. It gets graduate
with BS in computer science from California
Institute of Technology in 2003. Thus, its education
has fostered it to become successful entrepreneur
through effectively running and operating business
and delivering services to range of customers.
 On the other hand it can be stated that Ms Rana
Harvey is another entrepreneur that have done
B.Sc in chemistry and pursue the career in food
safety as Analytical Chemist for Government
Agency DEFRA.

COMPARISON AND CONTRASTING THE
DIFFERENT ENTREPRENEUR IN CONTEXT OF
THEIR BACKGROUND AND EXPERIENCE
 From the above evaluation, it can be stated that different
entrepreneur have different background and experience such as
Ms Rana Harvey is an successful entrepreneur that have
education background as well as high interest level in order to
start and operate businesses.
 Moreover, it has different skills such as Business Analysis,
Software Development and Organic chemistry that helped in
effective setting up of businesses.
 On contrary note, Adam D'Angelo has created a music suggestion
software so it was talented and have ability to take risk that has
fostered it to run business to earn higher profitability and market
share.

REFERENCES
 Stam, E., 2018. Measuring entrepreneurial ecosystems.
In Entrepreneurial ecosystems (pp. 173-197). Springer, Cham.
 Yasir, M. and Majid, A., 2017. Entrepreneurial knowledge and start-up
behavior in a turbulent environment. Journal of Management
Development.
 Nowiński, W. and Haddoud, M. Y., 2019. The role of inspiring role models
in enhancing entrepreneurial intention. Journal of Business
Research, 96. pp.183-193.
 Adomako, S., Opoku, R.A. and Frimpong, K., 2018. Entrepreneurs'
improvisational behavior and new venture performance: Firm-level and
institutional contingencies. Journal of Business Research, 83. pp.10-18.