The Mind-set of the Entrepreneur

The Mind-set of
the Entrepreneur
ENTREPRENEURSHIP AND SMALL
BUSINESS MANAGEMENT

Introduction
Entrepreneurship is defined as a process that include steps related to initiate, design, run and
launching of new and unique business idea with innovations in marketplace. This process is
mainly termed as willingness as well as capacity of an individual to evolve, organize and manage
risk elements and generate value from them (Ács, Autio and Szerb, 2014). In context with this,
entrepreneur are define as those individual who take use of new ideas with risk factors and
developed innovative and unique business ventures with the motive of long-term sustainability.

What is Entrepreneur Mind-set?
Entrepreneur mindset is defined as a state
of mind that familiarizes individual conduct
towards entrepreneurial conduct towards
outcomes as well as activities.
 It has been identified that individuals who
are having entrepreneurial mindsets are
mainly drawn towards innovation,
opportunities as well as new value creation
(Choi and Majumdar, 2014).

The characteristic traits, skills
of successful entrepreneurs
Ren Zhengfei
Characteristic
Keen Learner: Ren Zhengfei mainly believes in learning before act philosophy. He mainly emphasize upon Huawei employees in
order to make them adaptive towards new things.
Skill
Directive Leadership: This is one of the most important skills that have been possessed by Ren Zhengfei. In this directive form of
leadership is adopted by him in order to set target and goals for Huawei employees. In this form of leadership, leaders offer
formative form of direction to workers as to accomplish entity goals and objectives.
Trait
Purpose driven ambitious: This trait of Ren Zhengfei define his aspiring nature to make Huawei to accomplish consumer demands
as well as needs in a well defined manner.