This presentation explores the characteristics, traits, and skills of successful entrepreneurship, the aspects of entrepreneurial personality reflecting the entrepreneurial mindset and motivation, and the analysis of how experience and background foster or hinder entrepreneurship.
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Entrepreneurship and small business management
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TABLE OF CONTENT ο¬Introduction ο¬Characteristics, traits and skills of successful entrepreneurship ο¬Aspects of entrepreneurial personality reflecting the entrepreneurial mindset and motivation ο¬Analysis that how experience and background fosters or hinders the entrepreneurship ο¬CONCLUSION ο¬REFERENCES
INTRODUCTION ο¬Entrepreneurship is the process of creating and innovative new skills and talent and also staring new business . ο¬The presentation will discuss the traits and skills of the successful entrepreneurs. Also, it will analysis that how entrepreneurial personality reflects the entrepreneurial mindset and the motivation. At last the presentation will highlight that how the experience and background of entrepreneur fosters or hinders the process of entrepreneurship.
Characteristics, traits and skills of successful entrepreneurship BasisElizabeth GoochTom Mercer SkillsManagement skills - The first skill of Elizabeth Gooch was she was havingtheabilitytomanagethe peoplearoundherbyvery effectively and efficiently. Relieve stress β the first skill was thathe relievestressandbehave strongly in every situation without frustration CharacteristicsSelfmotivator-Thefirst characteristicofElizabethisthat self motivation she always shows thepositiveattitudeandalso motivated herself by lot of things so that the goals are to be achieve. RisktakerβTheforemost characteristic of Tom Mercer was that he was risk taker and it is the maincharacteristicofthe entrepreneur as Tom Mercer take the risk to start the breakfast venture and hence by taking the risk he got success in the venture as high risk is equal to high return . TraitsPassion β the first trait of Elizabeth isthatisbeenverypassionate women and whatever she does she done in the right way. Creativity β Tom Mercer was very creativeashethinksinthe innovativewayandestablishthe new venture with his creative skills. On the other hand business manager is not creative he only do want he is accountable for.
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Aspects of entrepreneurial personality reflecting the entrepreneurial mindset and motivation ο¬Risk taker β in these type the business is taking risk . Entrepreneur focus on taking the risk and also motivating other to take risk so that more return can be achieve . With the case study it can be linked that bot the mention Entrepreneur that is Elizabeth and Tom Mercer both take adequate risk . Tom started the new breakfast venture and also Elizabeth in her early stage started her own business . ο¬Creative β In these type of personality entrepreneur are more creative and shows its creative and innovative skills to develop the new business to attract the customers . With the linked with the case study Elizabeth and Tom Mercer both were creative person as Tom Mercer create new business venture and bring new ideas and methods .
βAnalysis that how experience and background fosters or hinders the entrepreneurship ο¬Tom Mercer was very determine person despite of many difficulties and problem he started his venture also by knowing this aspect that his business was new in the market and there will be many new competitor . As starting of its venture he face many problem the first problem was about the location as he was not finding adequate location for its business so he started his business at railway station but it was difficult to carry out the business inside the station so he started the business outside . But he have many creative skills and also he succeed to get shop in super market. After all the difficulties faced by the Tom Mercer he become one of the successful entrepreneur and also successful in making his venture more attracted.
CONCLUSION ο¬After the study it can be concluded that entrepreneurship is the study of both that is how a new business is started by designing creating new ideas and the person who carry this business is known as entrepreneur . Also this presentation concluded that different characteristics , skills and traits of the entrepreneur and with different with business manager . And also it has concluded the different personality aspect of the entrepreneur and also analyses of different experience of the entrepreneur .
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REFERENCES Wu, C.W. and Huarng, K.H., 2015. Global entrepreneurship and innovation in management. Drucker, P., 2014.Innovation and entrepreneurship. Routledge. Scarborough, N.M., 2016.Essentials of entrepreneurship and small business management