Entrepreneurial Traits, Skills, Personality and Background Analysis

This report delves into the core elements of entrepreneurship, focusing on the essential traits, skills, and mindset required for success. It examines the characteristics of entrepreneurs, contrasting them with managerial roles, and highlights the importance of flexibility, ethical practices, and leadership. The report assesses entrepreneurial personalities by evaluating factors like openness, conscientiousness, and extraversion. Furthermore, it investigates the influence of background and experience, including local and global entrepreneurial contexts, as well as the role of social enterprises. The conclusion emphasizes the role of entrepreneurship in economic and social development, underscoring how specific traits and experiences either facilitate or hinder an individual's journey to become a successful entrepreneur.

Entrepreneurship
and Small Business
Management

Table of Content
• Introduction
• Various characteristics traits and skills entrepreneurs
• Assess entrepreneurial personality
• Evaluate background and experience of entrepreneurship
• Conclusion
• References

Introduction
Entrepreneurship is an important aspect that helps in creating a
business or businesses with the motive to generate profit and they
work on bring new idea or concept for people. This report is based on
the entrepreneurial traits and characteristics with their personality
reflects motivation and mindset. It also elaborates entrepreneur
mindset and experience helps in hinder or foster entrepreneurship.

Various characteristics traits and skills
entrepreneurs
Entrepreneurial mindset is an important attribute that helps in
coordinating and evaluating each and every aspect to reach at
desirable goals and objectives.

Cont...
Entrepreneur Characteristic Traits Skills
Alan sugar, Bruce
bratley and
Flexibility: The one
of the major
characteristics of an
entrepreneur that they
are very much flexible
in their works and
procedures that easily
adopt any kind of
changes in their
organisation as well
works. In case of Alan
sugar they always
focus on bring
flexibility in their
organisation with
procedures so that
accurate results should
be achieve on other
hand manager not so
much flexible because
they not have so much
rights to bring
changes in their
organisation.
Ethics in work: It is
an important aspect
for an entrepreneur
and manager to
accomplish works in
an ethical way. In that
case entrepreneurs in
their organisation
build practices that
suits to their
organisation but
managers not so rights
that they build kind of
practices that helps in
organisational growth.
All these mentioned
entrepreneurs are very
much concern for the
ethical work practices
in their organisation
so that they can give
delighted experience
to their consumers.
Leadership skills: Leadership skills are
very much important for an individual to
lead their subordinates and they also helps
in achieve organisational goals and
objectives. On other hand managers are not
much lead their subordinates because they
have limited authority in coordinating their
subordinates. In case of Bruce bratley he is
one of great leader and always take care
needs and wants of their employees.

Assess entrepreneurial personality
Entrepreneurial mindset and motivation are very much important to
become an successful entrepreneur in the economy and helps in
individual as well as organisational growth.

Cont...
There are various factors that helps in understand the mind set of an
entrepreneur by evaluating various factors that are as follows:
• Openness
• Conscientiousness
• Extraversion
• Agreeableness
• Neuroticism

Evaluate background and experience of
entrepreneurship
To become an successful entrepreneur there are several factors that
affect majorly that are their family background, education and drop
outs. Here entrepreneurs and their backgrounds should be
discussed in proper way that are as follows:
• Local entrepreneur
• Global entrepreneur
• Social enterprise

Conclusion
From the above report it has been summarised that
entrepreneurship is an important concept that helps in economic
and social enhancement of an individual and organisation. There
are some factors that foster or hinders in becoming a successful
entrepreneur. With the helps of models it can be evaluated that an
individual possess some traits and characteristics to lead in market
in positive way.

References
• Omorede, A., Thorgren, S. and Wincent, J., 2015.
Entrepreneurship psychology: a review. International
Entrepreneurship and Management Journal. 11(4). pp.743-768.
• Raymond, L. and et.al., 2013. Dimensions of small business
performance from the owner-manager's perspective: a re-
conceptualization and empirical validation. Entrepreneurship &
Regional Development. 25(5-6). pp.468-499.

Thank You