HNBS 309 Entrepreneurship and Small Business Management

ENTREPRENEURSHIP AND
SMALL BUSINESS

Table of Content
 Introduction
 Characteristics, Skills and Traits of successful entrepreneurs
 Entrepreneurial personality reflect motivation and mindset
 Background and experience foster entrepreneurship
 Conclusion
 References

Introduction
Entrepreneurship is an activity in which human acts are considered as an action regarding the value in terms of
expansion of economic activity by identifying the novel products, market areas and procedure. Entrepreneurship
defines the launch, running, operation and designing of new business and describe one person who tends to run a
business known as entrepreneur. These individuals tends to develop and bring competition within the business
environment. It is beneficial for the economic condition and nation of country as it prominent cover various factors
like elimination of employment, bring proper development for the betterment of economy and so on.

Skills and Characteristics of Successful Entrepreneurs
Richard Branson and J.K. Rowling are the two successful entrepreneurs as each of them are different from
one another and it makes them more unique and skilled considering their characteristics, traits and skills
in order to influence people. For this, entrepreneurs are those individuals who develop themselves in the
business area in terms of taking entry on the grounds of innovative business idea and efforts. This
section of report put emphasis over the particular skills, traits and characteristics of the selected
entrepreneurs as their stories tends to motivate other people for their achievement.