Entrepreneurship Report: Skills, Mindset, and Business Functions

This report delves into the core aspects of entrepreneurship, focusing on the traits, skills, and mindset of successful entrepreneurs. It highlights how these characteristics influence business functions and decision-making. The report discusses the significance of an entrepreneurial mindset and how it impacts the personality of entrepreneurs, affecting their ability to manage and motivate teams. It also examines the role of background and experience in shaping an entrepreneur's capabilities, including decision-making, leadership, and managerial skills. Furthermore, the report emphasizes the crucial role of an entrepreneur in achieving organizational goals. Finally, it provides valuable insights into the dynamic nature of entrepreneurial personalities and their adaptation to market changes. This report provides valuable insights into the key components of successful entrepreneurship.

Entrepreneurship and Small
Business Management
PART 2

Table of Content
• Introduction
• Different traits characteristics and skills of professional entrepreneurs which provides edge to them as compared
to normal business manager
• Different ways in which personality of an entrepreneur effect motivation in entrepreneur and mind-set in order to
survive at the marketplace
• Different causes behind how background and experience that can impact on various functions in entrepreneurship
• Conclusion
• References

Introduction
• Entrepreneurial mindset is considered as attitude of an entrepreneur
towards a particular business. There are different characteristics and traits
of an entrepreneur which are helpful in conducting effective and essential
business at the marketplace (Kuratko, 2018).

Different traits characteristics and skills of
professional entrepreneurs which provides edge to
them as compared to normal business managers
• Characteristics and skills are important part of professional entrepreneurs
which proves them effective leaders and managers in many different
organisational situations.

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The various characteristics of professional entrepreneurs who are working for A to Z
consultancy are mentioned below:
• Leadership
• Patience
• Trustworthy
• Enthusiasm
• Motivation

Different ways in which personality of an entrepreneur effect motivation in
entrepreneur and mindset in order to survive at the marketplace
• Personality is a major element which should be present in the entrepreneur to achieve
different business objectives. Personality of an entrepreneur must be dynamic in
nature to achieve different goals according to market change. In the organisation
entrepreneurial personality affects the mindset and tendency of the subordinate
employees in a precise manner.

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Dynamic personality of an entrepreneur is also helpful in minimising risk associated
with the business due to changes in market. A leader with dynamic personality also
motivates different subordinate employees for handling organisational targets. The
responsibilities of an entrepreneur are essential to perform delegation in functions and
operations (Welter, 2019).

Different causes behind how background and
experience that can impact on various
functions in entrepreneurship
The background and experience are considered as two major factors which
are essential in achievement of business growth. Different functions and
tasks which are performed by an entrepreneur are result of background and
experience (Yan, 2017).

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The other factors which are affected by background and experience of an entrepreneur of
A to Z consultancy are explained below:
• Ability to make decisions-
• Personality
• Efficiency
• Leadership qualities
• Managerial skills

Conclusion
• From the above stated report it can be concluded that entrepreneurial
mindset is a major factor which directly influences business functions and
tasks. This report concludes the role of an entrepreneur which is played in
order to achieve different organisational goals of a particular business.

References
• Baker, H.K., Kumar, S. and Pandey, N., 2021. Thirty years of Small Business
Economics: A bibliometric overview. Small Business Economics, 56(1), pp.487-
517.
• Lechner, C.M. and Pervaiz, A., 2017. Entrepreneurial Strategy: A contingency
review and outlook for future research in SAGE Handbook for Entrepreneurship
and Small Business.
• Zhu, L., Kara, O. and Zhu, X., 2019. A comparative study of women
entrepreneurship in transitional economies. Journal of Entrepreneurship in
Emerging Economies.

Thank You