Entrepreneurial Mindset Analysis: Traits, Skills, and Background

This report explores the entrepreneurial mindset, analyzing the characteristics, skills, and personality traits of successful entrepreneurs. It examines how these traits contribute to the success of entrepreneurial ventures. The report also assesses the influence of educational background and personal experiences on an entrepreneur's motivation and mindset, with case studies of Ishaan Malhi and Ben Jeffries. It delves into the skills that foster innovation and the factors that can either hinder or promote entrepreneurial endeavors. The report provides a comprehensive overview of the key elements that define a successful entrepreneur and the impact of various factors on their journey. The analysis includes the educational backgrounds, personal experiences, and cultural factors that shaped their entrepreneurial paths. The conclusion summarizes the essential skills, traits, and characteristics required for entrepreneurial success, highlighting the interplay between experience and background in achieving business objectives. The report is well-structured, including an introduction, analysis of entrepreneurial traits, assessment of personality aspects, examination of educational backgrounds, case studies of successful entrepreneurs, and a concluding summary. The report is contributed by a student to be published on the website Desklib.

Exploration of the
Entrepreneurial Mindset
TASK 3 & 4

Table of Contents
•Introduction
•Analyse various characteristic traits, skills and personality reflects in a
successful entrepreneur
•Assessment of how aspects of personality of entrepreneur reflects their
motivation and mindset
•Critically analyse the educational background and experience that can
hinder or foster entrepreneurship
•Conclusion
•Reference

Introduction
Entrepreneurship is a business practise in which a new business is set up by
a person called as Entrepreneurs. In this report there is discussion of how
characteristic and skills of a Entrepreneurs actually help in improvement of
their entrepreneurial venture. It also discusses about the traits and qualities
of two most famous Entrepreneurs that are Ishan Malhi who belongs to
Trusssle and Ben Jeffries, who are among the top 30 list of most successful
Entrepreneurs according to fortune in UK.

Analyse various characteristic traits, skills and
personality reflects in a successful entrepreneur
Entrepreneurs are the person who are actually setting up a new venture by
implementation of some innovative method for operations hat lead to their
venture gaining a top position in the external market, they are willing to
adopt some new methods that can help them in implementation of
innovation and their creative ideas in a more significant manner.

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Characteristic of entrepreneur
•Self-motivation-
•Forward looking-

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Skills of entrepreneur
•Creativity-
•Willingness to learn-

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Traits of successful entrepreneur
• Strong work ethic-
• Disciplined-

Assessment of how aspects of personality of
entrepreneur reflects their motivation and mindset
The overall personality of Entrepreneur is to help them in management of
the business functions in such a way that it can help in building up of
health relations among all the stakeholders that are related with the
organisation both internally and externally and mainly it consists of the
two most significant stakeholders for a organisation and those are
customers and employees

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• Openness to experience
• Conscientiousness:
• Extraversion:
• Agreeableness:
• Neuroticism:

Critically analyse the educational background and
experience that can hinder or foster entrepreneurship
Entrepreneurs are determined for achievement of their objectives and for
that they require high amount of motivation so that they are consist
enough for achievement of their laid down objectives. The overall
educational background of a entrepreneur is related with motivating them
to achieve higher objectives. There is always a influence of the
background and experience on a individual that can hinder or foster
entrepreneurship at the some point of time.

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Ben Jeffries
Background and Experiences of Ben Jeffries:
Personal experiences: In age of 15 years Ben Jeffries has started their own
clothing business with very popular name called Breeze. It started by
small business that inspired to start something different from already
existing ventures with his innovative and creative nature. He has spark of
doing something different for those he started his career as a influencer
and then became one of the most famous influencer of the marketing
company of UK. He took his company to heights and then worked
consistently for the investing company.

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Education:
Ben Jeffries was a influencers in the age of 15 and he started the business of
clothing. Please did not completed his education and for the purpose of his
business he dropped out of the university and then started working as a
influencer and later became one of the largest entrance of marketing
companies in UK.

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National culture:
The national culture and economic circumstances were very favorable as it
lead to loving with very famous innovators and YouTube sensations like
Caspar Lee as a co-founder and then it helped to raise funds.

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Character trait:
There are certain character traits that helped Ben Jeffries to become different
from others. List of radius innovative skills that has been used for the
purpose of various awards that have been won by Ben Jefferies. He also
had clients such as Alibaba, McDonald's and Apple. The main key to
success is that he was able to predict the online consumer behavior in a
more efficient manner and that led to analyzing the attractiveness of
advertisement and Recommendation of various purpose for use of social
media platforms.

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Ishaan Malhi:
Background and Experiences of Ishaan Malhi : Ishaan Malhi is founder
of Trussed that is a only mortgage broker. He did his graduation from Bristol
in science and then he joined Merrill Lynch. He worked in this company for
quite some period of time and after that he thought of becoming a
entrepreneur for those he thought of starting a tech company because of the
technical and managerial skills that he possessed. .

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Ishaan Malhi:
Education:
Ishaan Malhi graduated from the University of Bristol and their be studied
Bachelor of Arts and Science.

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National culture:
There was a complete favored of the culture prevailing in the markets of
UK. Such as government support lead to starting of own clothing business
by Ishaan Malhi and this was reflected in the motivation and background to
do something different and innovation.

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character traits:
There are certain character traits that help centuries to be completely
different from other entrepreneurs. He always work towards one single in
that was making customers available the easy facilities of mortgage without
making huge payment. This was one of the objective that always motivated
stand for the purpose of performing something different and getting inspired
from all the rejections that he faced.

Conclusion
It can be said from the above report that entrepreneurship is a process that is
started by a entrepreneur and there are some necessary skills, traits and
characteristic that are required for this purpose. The overall experience and
background in achievement of their objectives and at same time it can also
hinder their movement in some situations.

References
•Ahluwalia, S., Mahto, R.V. and Walsh, S.T., 2017. Innovation in small
firms: Does family vs. non-family matter?. Journal of Small Business
Strategy. 27(3). pp.39-49.
•Burns, P. and Dewhurst, J. eds., 2016. Small business and
entrepreneurship. Macmillan International Higher Education.
•Calic, G. and Mosakowski, E., 2016. Kicking off social entrepreneurship:
How a sustainability orientation influences crowdfunding success. Journal
of Management Studies. 53(5). pp.738-767.
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