Entrepreneur and Small Business Management

ENTREPRENEUR AND
SMALL BUSINESS
MANAGEMENT

Table of Contents
INTRODUCTION
MAIN BODY
P5 Explain the essential skills of the entrepreneur with the example of the successful
entrepreneur
P6 Explain aspect of the entrepreneur personality which is find in common with all the
entrepreneur
P7 Explain the affect of background and experiences on the entrepreneurship
CONCLUSION
REFERENCES

INTRODUCTION
 SMEs or the small sector enterprises are the enterprises which are having less than 100
employees in the organization and also the paid up capital of the SMEs is very less.
 Entrepreneur is the individual who commence or initiate to establish the business. This
report highlights the different type of the entrepreneur venture.
 Further this report explains the similarity and difference between different entrepreneur
venture.
 Further this report explains the impact of the SMEs on the economy of the UK and
also the impact on the social economy of the UK.

Explain the essential skills of the entrepreneur with the example of the successful
entrepreneur
 J. K. Rowling the writer of the Harry Potter a series of the fantasy novel and one of the most
successful series of tat time. J. K. Rowling has shown the variety of the trait that is required in
the successful entrepreneur, some traits are as follows:
 Innovation: It is the most important trait which is required by the successful entrepreneur as the
Innovation helps them in bringing something new in the market which is required by the
consumer in the market. J. K. Rowling has shown the Innovation trait as at the time when Harry
Potter was published in the market it was the first fantasy novel and as the reason it sees the
good attention from the customer.
 Patience: It is the another trait which is required in the successful entrepreneur as in the reality
everything does not come very easily the entrepreneur has to regularly makes the effort that one
day entrepreneur will able to achieve the goal. J. K. Rowling has also shown the same trait in
her as the book which was written by her was not able to attract or develop the interest of any
publisher toward it but J. K. Rowling was patient enough toward the book which has helped her
to get a publisher finally.