Entrepreneurship Report: British Entrepreneurs Skills and Traits

This report provides an overview of the skills, traits, and backgrounds of successful entrepreneurs. It begins by defining entrepreneurship and then explores the characteristics and skills, such as leadership, communication, planning, and risk-taking, that contribute to entrepreneurial success. The report examines the entrepreneurial personalities, including openness to experience, conscientiousness, extroversion, agreeableness, and neuroticism, and how these traits influence motivation and mindset. Furthermore, the report presents case studies of prominent British entrepreneurs, including David and Simon Reuben, Richard Branson, and Laurence Graff, analyzing their backgrounds and experiences. It highlights how their early experiences and educational backgrounds have influenced their business ventures and decision-making processes. The report concludes that both personality traits and prior experiences play crucial roles in the success of entrepreneurs, especially the ones who possess good communication and planning skills.

Entrepreneurship and Small Business
Management

TOC
 Introduction
 Characteristic, skill and traits of successful entrepreneur
 How entrepreneurial personality affects entrepreneurs motivation and mindset
 Background and experience of entrepreneurs
 Conclusion
 References

Introduction
 Entrepreneurs are the person those who set up business and provide
development opportunities to others as well. Study will explain the skills of
British entrepreneur.

David and Simon Reuben
Characteristic David and Simon Reuben
 Creativity
 Professionalism
Skills and traits
 Leadership skills
 Excellent communication skills

Richard Branson
Characteristic of Richard Branson
 Planning
 Relationship building
Skills and traits of Richard Branson
 Risk-taking
 Versatility

Laurence Graff
Characteristic of Laurence Graff
 Knowledge
 Passion
Skills and traits of Laurence Graff
 Visionary
 Fearlessness

How entrepreneurial personality affects entrepreneurs
motivation and mindset
 Openness to experience: Openness of an individual means an individual is curious,
adventurous, innovative, clever, perceptiveness, imaginative, complex and love new
things
 Conscientiousness: An individual who possesses this kind of personality is disciplined,
organised, responsible and efficient. They are leaders of their business and they plan,
organise and follow their own process and they hardly get wrong.
 Extroversion: An individual has 2 personality extrovert and introvert. A person having
high extroversion seek opportunities and are socially interactive
 Agreeableness: This personality shows that how an individual mix with other people.
 Neuroticism: It is a personality which demonstrate fear, moodiness, jealously etc

Background and experience of entrepreneurs
 David and simon are two British business man they born in Mumbai, India in the Baghdadi Jewish
family. They start their early education in British India and also belongs to a business family. Hence, he
was seeing his parents since his childhood that how to run a business and how to deal with business
issues. This thing has helped him in establishing its firm and run it successfully.
 He has started his education in government school and simon never complete his formal education. It
was initially problematic thing for him because education helps the person in understanding the
difference between right and wrong, that was the reason that many times he has taken wrong decision at
his initial career. Simon started business in young age he was having innovative ideas and these ideas
were due to his previous experiences (Giaoutzi, Storey and Nijkamp, 2016).
 He has utilised these experiences in order to establish a new business and after that his brother David
join it.

Conclusion
 It can be concluded that personality and experience of person matters a lot in
success of entrepreneur.
 If the person has good communication, planning skill then individual may
establish business effectively. Background of person help in finding new ideas
and handling the complex situation effectively which make them a successful
entrepreneur.

REFERENCES
Alford, P. and Page, S.J., 2015. Marketing technology for adoption by small
business.The Service Industries Journal.35(11-12).pp.655-669.
Bishop, B. W., Mehra, B. and Partee, R. P., 2016. The role of rural public libraries
in small business development.Public Library Quarterly.35(1).pp.37-48