Entrepreneurial Mindset: Skills, Traits, Motivation & Case Studies

This presentation explores the entrepreneurial mindset, emphasizing the skills, traits, and motivation necessary for success in small business management. It highlights the characteristics of local, global, and social entrepreneurs, using examples like Elizabeth Gooch, Mark Zuckerberg, and Bruce Kendrick. The presentation discusses how entrepreneurial personality reflects motivation and mindset, referencing the OCEAN model (Openness, Conscientiousness, Extraversion, Agreeableness, Neuroticism). It also examines how background and experience can either hinder or foster entrepreneurship, concluding that a strong entrepreneurial mindset is crucial for managing small businesses effectively. Desklib provides access to this and other solved assignments for students.

Exploration of the
Entrepreneurial Mindset
PART 2

• Introduction
• Characteristic traits & skills of successful entrepreneurs
• Entrepreneurial personality reflects entrepreneurial motivation and
mindset.
• Background & experience can hinder or foster entrepreneurship
• Conclusion
• References
Table of content

Introduction
As per to maintain the requirement of small business
management, it is necessary for the entrepreneurs to
consider specific procedure & strategies to manage
the need of new startups & businesses. For the long
term success, it is mandatory for the entrepreneurs
to maintain all the qualities & characteristics of
entrepreneurship which can helpful to manage each
& every business operations in an appropriate
manner.

Characteristic Traits & Skills Of Successful
Entrepreneurs
Entrepreneurs are the one who have ability to take rest and appropriate decisions to establish a
business with the use of their creative mind. Entrepreneurs contain specific skills, traits &
characteristics whether they are local, social & also global entrepreneurs. The description about all
types of entrepreneurs are given below -
•Local Entrepreneur – Elizabeth Gooch
•Global Entrepreneur- Mark Zuckerberg
•Social Entrepreneur- Bruce Kendrick

Entrepreneurial Personality Reflects Entrepreneurial
Motivation And Mindset
Entrepreneurial need to maintain their motivation level with their specific mind set which can
help full to improve their personality in an appropriate way. To maintain strong mindset of the
entrepreneur it is necessary to consider OCEAN model which are as follows -

OCEAN Model

OCEAN Model
Openness – This mindset is also known as " intellect" or also " Imagination". Through this
personality trait, entrepreneurs can effectively improve their innovativeness & apply this to
maintain their business activities. This personality trait may be incorporated with emotion,
ideas & thoughts.
Conscientiousness – This personality trait is associated with the flexibility and reality so that
entrepreneurs can work properly to achieve their business objectives and improve their
productivity level.

Background & experience can hinder or
foster entrepreneurship
The explanation related to background & experience about the local, social and global
entrepreneurs are as follow -
Elizabeth Gooch
Background - Elizabeth Gooch started their career in the age of 18 at HEBC bank. After few
time, she decided to leave that job & decided to work as a consultant in a firm but then she was
not satisfied then she planned to connect few amount to establish a consultancy firm in which she
provided consultancy services to those firms that need these services. After sometime she realize
that she was not that contain specific knowledge about consultancy services then she connected
with Rodney Baker, CEO of Prudential organization

Conclusion
On the basis of this PPT, it can be concluded that entrepreneurship is essential to maintain each
and every small businesses in an appropriate manner. The main concern of the presentation is to
to identify the specific type of internal Ventures and maintain specific relationship with its
typologies. This presentation also demonstrated the characteristics, skills & traits of the famous
local social and global entrepreneur with their specific experiences.

References
Muyassarhon, U., 2018. The concept of development of management of small business based on
institutional reforms. Бюллетень науки и практики, 4(4).
Nwachukwu, C., Chládková, H. and Žufan, P., 2017. The relationship between entrepreneural
orientation, entrepreneurial competencies, entrepreneurial leadership, and firm performance: a
proposed model.
Turner, T. and Gianiodis, P., 2018. Entrepreneurship unleashed: Understanding entrepreneurial
education outside of the business school. Journal of Small Business Management, 56(1), pp.131-
149.

Thank you