Analysis of Entrepreneurial Mindset: Characteristics, Skills, Traits

This report provides an in-depth analysis of the entrepreneurial mindset. It begins by defining entrepreneurs and emphasizing their role in economic growth. The report explores the characteristics of successful entrepreneurs, highlighting qualities like passion, and the skills needed to thrive, such as leadership. It then delves into the traits of successful entrepreneurs, emphasizing confidence and discipline. Furthermore, the report examines how aspects of an entrepreneur's personality, particularly openness, and the impact of background and experience influence entrepreneurial motivation. The analysis includes case studies of Lucy Buck and Dr. Andrew Bastawrous, illustrating these concepts in practice. The report concludes by summarizing the key takeaways, differentiating between social and general entrepreneurs, and provides a list of references.

Exploration of the
Entrepreneurial
Mindset

Content
 Introduction
 Characteristics of successful entrepreneurs
 Skills of successful entrepreneurs
 Traits of successful entrepreneurs
 Aspects of the entrepreneurial aspects personality reflect entrepreneurial
motivation
 Background and experience can hinder or foster entrepreneurship
 Conclusion
 References

Entrepreneurs are defined as those people who
are focused on inventing new ideas so as to
meet market demand and to satisfy need of
money. For economy of the nation
entrepreneurs are considered as backbone as
these are putting continuous efforts so as to
generate higher revenues and creation of
jobs.
Introduction

Characteristics of successful
entrepreneurs
 Passion: This is one of the essential characteristic of an entrepreneur as this
is denoted as dedication and proficiency leads them to inhale success and
prominence. Both the entrepreneurs Lucy Buck and Dr Andrew Bastawrous
are willing to attain desired results in which they were focused in their aims
in order to deal with their idea or social cuase.

Skills of successful entrepreneurs
 Leadership: This skills is also requisite in entrepreneurs as in order
to have proper control over the venture this is necessary to lead the
organization so as to draw effective results. Both the entrepreneurs
Lucy Buck and Dr Andrew Bastawrous lead their workforce in such a
way that this resulted them in sustaining in the market with their
innovative idea.

Traits of successful entrepreneurs
 Confident: This is known as ability to be at taken decision in order to take out
positive output. Lucy Buck and Dr Andrew Bastawrous were confident at their
decision which made them a successful entrepreneur.
 Disciplined: This is required by entrepreneurs that they involve discipline in their
working so as to make proper balance between personal and professional life.

Aspects of the entrepreneurial aspects
personality reflect entrepreneurial
motivation
 Openness: This aspect is related with
emotions, ideas and newness. This
aspect is providing appropriate
reflection over curiosity and creativity
of an individual in which prominent
decisions can be taken by entrepreneurs
in order to face various challenges and
ways to deal with them.

Background and experience can
hinder or foster entrepreneurship
 Lucy Buck
 Lucy Buck started her career as TV producer and aimed
towards making a successful charitable institution. She founded
Child's I foundation which is supporting 2000 children and 168
orphanages which are working for child protection so that people
can live in their family without facing any fear.

Continue…
 Dr Andrew Bastawrous
 Dr Andrew Bastawrous is CEO and Co founder of peek
vision which is an organisation and working to develop
smartphone technology in order to enhance access for eye care in
various part of the globe. Dr Andrew Bastawrous is working as an
eye surgeon in London school of Hygiene and tropical medicine
where he conducted various research projects.

Conclusion
 From the above PPT this can be concluded that entrepreneurs are those person who
are possessed with the ability of converting ideas into reality. Certain traits,
characteristic and skills are differentiating them from ordinary person which is a
major reason of their success. Social entrepreneurs are working in order to remove
any social cause from the society whereas an entrepreneur is working in order to
provide support to need of customers.

References
 Burns, P., 2016. Entrepreneurship and small business. Palgrave Macmillan Limited.
 Dupuis, A., 2018. Entrepreneurship: New perspectives in a global age. Routledge.
 Mitra, J., 2019. Entrepreneurship, innovation and regional development: an
introduction. Routledge.

Thank You