Entrepreneurship: Traits, Opportunities, and Growth

Entrepreneurship

Contents
INTRODUCTION...........................................................................................................................3
Main Body.......................................................................................................................................3
A. About entrepreneur.....................................................................................................................3
Critically explain personality trait related to entrepreneurs...................................................3
How entrepreneurs did renowned opportunity or generate the opportunity...........................4
Explain innovative product/ service introduced at marketplace?...........................................5
Explain why innovation is significant....................................................................................5
B. About entrepreneurial organisation.............................................................................................6
Explain the entrepreneur’s role as leader and what it takes to become a successful leader...6
How did entrepreneurs grow their business?..........................................................................7
C About contribution to economy and society................................................................................8
Discuss and evaluate the contribution to economy................................................................8
Evaluate the survival issues due to global pandemic.............................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Entrepreneurship signifies concept connected with administration in improvement of
business venture that help in achieving profits by taking risk in environment. In addition to this,
it is determined as a willingness to launch new organisation. The individual person who launches
new organisation and faces different kinds of challenges linked with company. The assignment is
depending upon entrepreneur named as Bill Gates as well as Nicholas Woodman. Bill Gates is
determined as a successful entrepreneurs and also known as originator of Microsoft. He
generates basic operating system that helps in launching new functions. These functions is
dominating at market place as it influences Bill Gates to expand their organisation and also their
focus is on producing or manufacturing more good such as window and many more. In addition
to this, Nicholas woodman is determined as an originator of CameraGoPro. In year of 2002, he
gets failed then he focuses on manufacturing innovative product and become billionaire in last.
Furthermore, in this report, there are discussion regarding personality trait related to
entrepreneur, opportunity generated by entrepreneur as well as new goods and services
introduced by them. In addition to this the entrepreneurial role as leader to achieve growth in
future period of time and they also increase their contribution in respect of society (Henry, Hill
and Leitch, 2017).
Main Body
A. About entrepreneur.
Critically explain personality trait related to entrepreneurs
Entrepreneur personality signifies features that possess implication on attitude of
entrepreneur. To have a superior plan to take decision, the appropriateness related to personality
trait within entrepreneur require there. Therefore, motivation signifies forces that inspired
individual person to execute different kind of activity at marketplace. It signifies mind of
individual person that help in influencing things that make happen. And entrepreneur is
determined as visionary and possesses capability to set mission for organisation.
Independence is determined as other traits of personality of entrepreneurs and they are
determined as independent innovator for bringing innovative ideas at workplace. In reference of
this, both selected entrepreneur will focuses on bringing innovative ideas at Marketplace and
launch new business during particular phase of time period. Their main focus is to provide

innovative goods and services to its user in order to motivate them to bring innovation. In
addition to this, the persistence related to entrepreneur trait reflects or affect its mind shape and
committed in respect of decision.
Leadership is determined as another personality trait that is important for entrepreneurs to
become successful. Bill Gates as well as Nicholas Woodman display superior skills of leadership
that help organisation inspiring individual person in respect of allotted role. They use goal and
provide support in achieving goal and objective in timely manner. Their focus is on achieving
goal in timely manner. Therefore, motivation signifies forces that inspired individual person to
execute different kind of activity at marketplace. It signifies mind of individual person that help
in influencing things that make happen. And entrepreneur is determined as visionary and
possesses capability to set mission for organisation. Therefore, they focuses on providing some
innovative goods like window as well as other that helps Bill Gates in becoming successful at
Marketplace. In addition to this, he was capable to generate opportunity & recognizing skill of
improving program (Aldrich, 2017).
Self motivation is determined as an other personality trait related to entrepreneurs and
important to prevail that help in influencing another person and also dealing with different kind
of risk which is linked with innovation as well as creation. They are also committed in respect of
decision in order to achieve goals as well as objective in a timely manner and perform work
during the period of time.
How entrepreneurs did renowned opportunity or generate the opportunity.
Bill Gates is determined as successful entrepreneurs within market and determined as
originator related to Microsoft. It getting bored from schooling then just because of his bullied
from other children, his batch mates pull down his legs and many more. In addition to this, all
these things make tension to its parents and then their intention. In assistance of this, Bill Gates
goes to college and generate first program of computer as well as complete graduation. Then he
focuses on spending their time on increasing their learning regarding computer and increases
knowledge regarding it. His knowledge, skill as well as financial support which are provided by
its family influence him to get successful at marketplace. In addition to this, through knowledge
and skill, he was capable to generate basic system related to operations and provide superior
break to organisation. Therefore, they focuses on providing some innovative goods like window
as well as other that helps Bill Gates in becoming successful at Marketplace. In addition to this,