T/508/0495 Entrepreneurship and Small Business Management

[Date]1
Entrepreneurship and small business management:
ASSIGNMENT COVER SHEET
STUDENT DETAILS
Student IDManish Hamal Reg No.
Family Name Hamal Given Name Manish Hamal
Enrolment Year 2019 Section A
Semester 2 Email [e-mail]
UNIT DETAILS
Unit Title Entrepreneurship and Small
Business Management
Unit Code T/508/0495
Assessor Name Nabin Gajurel Issued Date 04/13/2021
Assignment Title Understanding Entrepreneurship and Small Business Management
Assignment No 1/1 Submission Date 06/12/2021
Qualification BBA Campus ISMT

[Date]2
Entrepreneurship and small business management:
STUDENT ASSESSMENT SUBMISSION AND DECLARATION
When submitting evidence for assessment, each student must sign a declaration confirming that
the work is their own.
Student Name Manish Hamal Assessor Name Nabin Gajurel
Issue Date 04/13/2021 Submission Date 06/12/2021
Programme BITEC HND in business
Unit Name Entrepreneurship and Small Business Management
Assignment Title Understanding Entrepreneurship and Small Business Management
Plagiarism
Plagiarism is a particular form of cheating. Plagiarism must be avoided at all costs and students
who break the rules, however innocently, may be penalized. It is your responsibility to ensure
that you understand correct referencing practices. As a university level student, you are expected
to use appropriate references throughout and keep carefully detailed notes of all your sources of
materials for material you have used in your work, including any material downloaded from the
Internet. Please consult the relevant unit lecturer or your course tutor if you need any further
advice.
Student Declaration
Scenario 2:
I certify that the assignment submission is entirely my own work and I fully understand
the consequences of plagiarism. I understand that making a false declaration is a form of
malpractice.
Student signature: Date:
Pearson Education 2018
Higher Education Qualifications

[Date]3
Entrepreneurship and small business management:
Part A: You have been asked to write an article by your senior manager which will be published
in a monthly local magazine “Small Businesses Enterprises”. The article includes the following:
 Explain and determine the characteristic traits and skills of successful entrepreneurs and that
differentiate them from other business managers.
 With reference to suitable examples, assess how aspects of the entrepreneurial personality
reflect entrepreneurial motivation and mindset.
 Explore and analyze the characteristic traits, skills and motivational drivers of successful
entrepreneurs, supported by specific examples from the local small businesses.
Part B:
You need to make a power point presentation of 15 minutes that focuses to a group of people
who are thinking for their start up business. Your presentation will help them examine and
understand the different environments that foster or hinder entrepreneurship. The presentation
will include:
 Examine, using relevant examples, how background and experience can hinder or foster
entrepreneurship.
 Analyze how entrepreneurial characteristics and experiences influence entrepreneurs and
critically analyse its positive and negative impacts with reference to suitable examples

[Date]4
Entrepreneurship and small business management:
Contents
Characteristics of a successful entrepreneur:...................................................................................6
Entrepreneurial personality and their reflection on entrepreneurial motivation and mindset:........7
Some arguments relating to entrepreneurial characteristics:.........................................................10
Motivational drivers of successful entrepreneurs:.........................................................................11
Background and experience that can hinder or foster entrepreneurship........................................15
Background and experiences that influence entrepreneur positively and negatively:...................21
Conclusion:....................................................................................................................................23
References:....................................................................................................................................24

[Date]5
Entrepreneurship and small business management:
Acknowledgement
This project has needed a lot of commitment from me. However, without the generous support
and assistance of many individuals and organizations, it would not have been possible. I'd like to
express my deepest gratitude to each and every one of them.
I am extremely grateful to Nabin gajurel for his encouragement and continuous oversight, as well
as for providing necessary project details and for his assistance in completing the project.
I'd like to express my gratitude to my parents and members of ISMT for their support and
motivation in helping me finish this project.
I'd like to express my heartfelt gratitude and appreciation to those in the industry who have given
me their time and energy.
My gratitude and appreciation also extend to my project development colleague and those who
have volunteered to assist me with their skills.

[Date]6
Entrepreneurship and small business management:
ENTREPRENEUL Characteristics
- Manish Hamal, 15 August, 2021
An entrepreneur is a person who creates a business based on a new idea. They are in charge of
the company and bear the risk of its success. An entrepreneur is defined by the personal risk they
are willing to take in order to start a new firm, innovate, or engage in some other sort of business.
They frequently benefit the most from their company's success in exchange for taking on that
risk. (Duermyer, 2021)
Characteristics of a successful entrepreneur: (Rojas, 2021)
Entrepreneurs are inherently motivated. After all, they spend a lot of time starting a business and
investing a lot to make their dreams come true. They do all this, knowing that it can take months
or even years to enjoy the benefits of their labor. And, despite their efforts, they know that their
efforts may not be rewarded with material success. But they refuse to surrender to the fear of
failure. To continue working for a long time, you need to be motivated as well as pay close
attention. Passion is another characteristic of entrepreneurs. While a decent payday at the tip of
the tunnel is nice for motivation, entrepreneurs tend to be more driven by a passion for his or her
offering yet as by a desire to form a difference (Rojas, 2021). This passion or drive also helps to
sustain entrepreneurs in periods where discouragement might otherwise happen. The best
entrepreneurs have a vision on what they need to realize, how they'll accomplish their objectives,
and whom they have on their side to succeed in their goals. Their vision acts sort of a compass
that points them within the direction of opportunities that perhaps nobody else has found. They
even have the power to translate their vision in a very way that staff and investors can
understand. Through networking opportunities, entrepreneurs can find people they need to align
with. Furthermore, without confidence or self-belief, entrepreneurs cannot possibly succeed.
They need to be confident both within themselves and in the products or services they sell. If
they believe themselves, they'll have the power to remain the course regardless difficulties or
discouragement. (Rojas, 2021) They even have the stomach to require risks — finally, they