Entrepreneurship and Small Business Management

Entrepreneurship
and Small Business
Management
LO3 &LO4

Table of Content
 Introduction
 The characteristics, traits and skills of successful entrepreneurs
 Aspects of the entrepreneurial personality reflect entrepreneurial motivation and mind-set
 Background and experience can hinder or foster entrepreneurship
 Impact of background and experience on entrepreneur
 Conclusion
 References

Introduction
Entrepreneurship is a process of
developing a new business with the
motive of earning higher profit by taking
a higher risk within. It is an act of
identifying production and investment
opportunities, new techniques and
products, new resources for the business
etc.

The characteristics, traits and skills of
successful entrepreneurs
For getting the success in the business activities every entrepreneur must have
varied skills and traits. Existence of skills and traits helps them to assist its
employees that how they should complete business activities and how they
can sustain their business in the market for a longer period of time. The
chosen entrepreneur in this report are Henry ford and Bill gates.