Entrepreneurship and Small Business Management

Verified

Added on  2023/06/17

|14
|863
|99
AI Summary
Read More
tabler-icon-diamond-filled.svg

Contribute Materials

Your contribution can guide someone’s learning journey. Share your documents today.
Document Page
ENTREPRENEURSHIP AND SMALL
BUSINESS MANAGEMENT
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
TABLE OF CONTENT
Characteristics and skills of successful entrepreneurs
Entrepreneur situational factors, similarities and differences
Characteristics and traits for entrepreneurial
Backgrounds and experiences either hinder or foster entrepreneurship
Conclusion drawn from comparing and contrasting various entrepreneurs
REFERENCES
Document Page
Executive summary
Entrepreneurship is the process of innovation creativity
which help entrepreneurs to stand alone in the crowd.
Entrepreneur have various types of mind set which allow
them to stay active during any hostile situation and bad
market condition, entrepreneur handle their enterprise
their with special set of skills and ability.
Document Page
Characteristics and skills of successful entrepreneurs
The entrepreneur is a person who comes up with a unique business
concept and implements the idea in business to gain profits as a
reward.
These are considered as risk-bearers and plays an active role in
boosting overall economy.
There are some examples of local, global and social entrepreneurs.
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
J.K. Rowling
J.K. Rowling is considered as the famous successful
entrepreneur
She is a British author, film and television producer and
also the screenwriter.
She is well famous for writing the Harry Potter fantasy
series and has also won multiple awards in the life
Document Page
Bill Gates
Bill Gates is recognized as richest man over the
globe and is co-founder of Microsoft.
He is an American software developer, entrepreneur,
investor, author and born on 1955 in United States
He is a technologist and business leader with an
amazing business strategy and tactics
Document Page
Anshu Gupta
Anshu Gupta is successful Indian social entrepreneur.
He is born in 1970 and popularly known as Clothing
Man.
He founded Goonj which is non- governmental
organization headquartered in Delhi
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Entrepreneur situational factors, similarities and differences
The above entrepreneur similarities are that they all are highly educated and has good
communication skills.
Entrepreneurs are efficient in their personal and professional skills.
These entrepreneurs belongs to good reputed families.
Earlier they were not known by the general peoples but at the later stage from innovations and
creations of new ideas mark them successful in their life.
Document Page
Characteristics and traits for entrepreneurial
For the entrepreneur it is important to have specific skills and knowledge which can be
beneficial for their business.
For starting a new business it is important to clear the visions therefore entrepreneur
must have a curiosity about their work.
Curiosity for work can develop the ideas which can be use for the business purposes.
Document Page
Backgrounds and experiences either hinder or foster entrepreneurship
Personal aspects and background plays an important role, as for the entrepreneur their family,
cultural education background plays a crucial role for their growth.
If entrepreneur grown up in the poverty it limits their creativity in the business approach.
It enables them to go for the self employment but due to lack of resources can also cause
hindrance in their development.
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
Entrepreneurial mindset
Entrepreneurial mindset allow entrepreneur to handle and manage
business organization in hostile environment.
When a business fall under any hostile situation then entrepreneur
special mindset to solve the problem, in difficult and hostile
situation.
Entrepreneur use tenacity mindset to handle and manage
enterprise in the hostile situation.
Entrepreneur use tenacity mindset to provide management skills in
the business organization.
Document Page
Conclusion drawn from comparing and contrasting
various entrepreneurs
From the above analysis it can conclude that entrepreneurs personal backgrounds and experiences
have high effect on business performances and helps in foster or hinder the entrepreneurship.
The backgrounds consist of family members or friends support, motivational people in life and
financial backgrounds also reflects the entrepreneur success.
Entrepreneurs works under many constraints present in the external environment which may
political, legal, social etc.
Document Page
REFERENCES
Almahry, F.F., Sarea, A.M. and Hamdan, A.M., 2018. A review paper on entrepreneurship education and
entrepreneurs’ skills. Journal of Entrepreneurship Education 21(1) pp.1-7.
Bayraktar, A. and et.al., 2020. Mindful entrepreneurial marketing for small and medium enterprises. In Handbook of
Entrepreneurship and Marketing. Edward Elgar Publishing.
Mazzarol, T. and Reboud, S., 2020. The Entrepreneur. In Entrepreneurship and Innovation (pp. 35-61). Springer,
Singapore.
Jufri, M. and Wirawan, H., 2018. Internalizing the spirit of entrepreneurship in early childhood education through
traditional games. Education+ Training.
Martin-Sanchez, V., Contín-Pilart, I. and Larraza-Kintana, M., 2018. The influence of entrepreneurs’ social referents
on start-up size. International Entrepreneurship and Management Journal. 14(1). pp.173-194.
Lee, B., 2019. Human capital and labor: the effect of entrepreneur characteristics on venture success. International
Journal of Entrepreneurial Behavior & Research.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
chevron_up_icon
1 out of 14
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]

Your All-in-One AI-Powered Toolkit for Academic Success.

Available 24*7 on WhatsApp / Email

[object Object]