Entrepreneurship and Venture Capital BUS203 Reflective Essay Analysis

This reflective essay, submitted for the BUS203 Entrepreneurship and Venture Capital course, analyzes the student's entrepreneurial personality, identifying three key strengths and three potential weaknesses. The essay highlights the importance of communication skills, vision, and motivation as positive traits, while acknowledging a lack of risk-taking ability, versatility, and flexibility as areas for improvement. The student connects these personal characteristics to entrepreneurial theory and practice, emphasizing the need for self-development and self-managed learning. The essay concludes by stressing the importance of continuous learning and development to foster personal and professional growth in the field of entrepreneurship. The author also highlights the significance of adaptability in the ever-changing business environment and the need for continuous self-assessment and learning.

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Reflective Essay
Entrepreneurial personality refers to the personality that is combination of various characteristics
and qualities that co-ordinately form individual distinctive characteristics. Personality traits in a
person differ on the basis of their nature as characteristics that one person possess cannot be
possessed by another person in the same way. Entrepreneurship refers to the act of initiating the
business process by taking risk and working on various opportunities to earn profitability for the
company. An entrepreneur effectively make use of innovation and creativity in the working
environment to grow and earn maximum profits as well. The below mentioned reflective essay
explain about three characteristics that I possess can help me to grow as an entrepreneur and
three characteristics that can hinder my personal leadership growth.
Initially talking about the positive characteristics in me, it should be noted that I believe that I
possess good communication skills in the environment wherever need. An entrepreneur and
innovator need to make changes in the environment and then convince the subordinates to grow
and succeed. I believe that with the help communication skills I can easily convince group of
people to follow my decisions in the environment. Not only in the field of entrepreneurship, has
a leader also needed to have good communication skills so that they can deliver their word to the
people connected with them (Ahmetoglu, Leutner and Chamorro-Premuzic, 2011). Further,
communication also helps me to satisfy people on large scale by listening to their issues and
addressing them properly. I believe that good communication is something when a leader speaks
as well as listen. Leaders need to circulate their views and opinion and at the same time listen to
their issues and solve them appropriately. Further, second personality trait that I possess is great
vision, I am a visionary person and I do not believe in taking decisions on the basis of temporary
circumstances. I believe if I have to take a decision then it is not important it should give me
benefit right then only, but I believe that it should for sure benefit me in future. In addition, I
believe that successful entrepreneur always keep one eye on the futuristic vision and another on
the current situation. In this way, they successfully grow by satisfying people at large scale.
Vision is strategic planning that creates an authentic futuristic path. Third characteristic trait is
motivation; this aspect helps in motivating people and motivating myself as well. It is not
important that every task deliver good results but I believe that failure leads to a great
experience. Therefore, I think that I keep myself motivated in every situation and I have good

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capability to motivate other people as well. Motivation also helps me in convincing other to work
in my favour that is believe is an entrepreneurial personality. Motivation brings enthusiasm
among team and creates a positive environment as well. Thus, these are the three characteristics
that I believe are most important for an entrepreneur.
Further, talking about traits that I believe can hinder my future entrepreneurial growth are varied
as I believe that there is always scope of growth. First aspect is lack of risk taking ability. An
entrepreneur is person who converts risks into opportunities and helps the company to growth.
Risk taking is very important for an entrepreneur; it is the basic trait that an entrepreneur needs
to possess. However, I lack in taking risk in the environment as it makes me fear of losing of
what I have. Risk taking characteristic has its own benefit as well as drawback but an
entrepreneur is one who converts the risks into opportunities for the company (Anderson,
Potočnik and Zhou, 2014. ). Further, second trait that can hinder my growth, as an entrepreneur
is lack of versatility as being versatile is an important aspect that helps an entrepreneur to use
innovation and creativity in their actions. Versatility also motivates the subordinates to grow and
become versatile in the environment. I believe that versatility is an important characteristic that I
need to adopt and learn. Self-learning is very important for an entrepreneur as the business
environment is constantly changing (Karwowski, et al. 2013).
Lastly, the third aspect is lack of flexibility. Flexibility is very important for the business along
with the changing environment. Flexibility hinders the overall growth of a person as it stagnate
the individual growth at various places. Flexibility, versatility and risk taking characteristics that
I believe are very important and needed to be learnt from different environmental situations.
Further, self-learning and development is the most important aspect for an entrepreneur as it
constantly help them to learn and develop personally. According to me, these aspects help in
building my personality and are very important for my personal growth as well. Working on
these aspects will certainly help me to grow in my personal and well as professional life. Thus, in
the limelight of above mentioned events, the fact should be noted that the above mentioned essay
highlighted my personal characteristic traits that are good and bad as well. Some of these aspects
are good and will help me in creating my life as a professional whereas there are some areas that
I need to consider while working as a professional. Lastly, I need to develop the traits that I do

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not have right now and learn them from diverse environmental conditions. These traits will
further help me to become a good leader.
References
Ahmetoglu, G., Leutner, F. and Chamorro-Premuzic, T., 2011. EQ-nomics: Understanding the
relationship between individual differences in trait emotional intelligence and
entrepreneurship. Personality and Individual differences, 51(8), pp.1028-1033.
Anderson, N., Potočnik, K. and Zhou, J., 2014. Innovation and creativity in organizations: A
state-of-the-science review, prospective commentary, and guiding framework. Journal of
management, 40(5), pp.1297-1333.
Karwowski, M., Lebuda, I., Wisniewska, E. and Gralewski, J., 2013. Big five personality traits
as the predictors of creative self‐efficacy and creative personal identity: Does gender
matter?. The Journal of Creative Behavior, 47(3), pp.215-232.