Entrepreneurial Characteristics and Skills: A Comparative Analysis

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Entrepreneurship and Small
Business Management

Table of content
Determine the characteristic traits and skills of
successful entrepreneurs that differentiate with
other business managers
Assess how aspects of the entrepreneurial
personality reflect entrepreneurial motivation
and mind-set
Explore and examine different lines of argument
relating to entrepreneurial characteristics
Examine, using relevant examples, how
background and experience can hinder or foster
entrepreneurship

Continued..
Analyse the characteristic traits, skills and
motivational drivers of success
entrepreneurs and the influence of personal
back and experience, supported by specific
examples
Critically evaluate how background and
experience influences entrepreneurs, both
positive and negative, comparing and
contrasting examples
Conclusion
References

Introduction
Entrepreneurship is the process of beginning the new
production on the small scale in the preliminary level.
 The theory of entrepreneurship includes the business risks
and challenges and these challenges are compulsory for
the owner to be determined ad solved by the time.
 The people who have possession of these kind of business
acknowledged as the Entrepreneur.
 The term can be described as the development of business
ensuring the risk and challenges by the aim of achieving
the growth and profit.
 The performance of such thought in real life entity require
to pursue some major steps which help to get the accurate
decision as this is not simple for the new entrepreneur to
recognize the apply the thought as their choice of business

Determine the characteristic traits and skills of successful entrepreneurs
that differentiate with other business managers
The skills which are required
for successful entrepreneurship
Ambition
Willingness to learn
Ability to listen
Creativity
Risk taking
Confidence
Competitive
Open minded

Continued ..
Entrepreneur Business manager
They have vision They have mission
They bear all the risk They do not bear the risk
It is an informal approach It is a formal approach
Remunerations in the form of
profits
Remunerations in the form of
salary
They start the business They continue the business
Focus on growth Focuses on smooth functioning

Assess how aspects of the entrepreneurial personality reflect
entrepreneurial motivation and mind-set
 It helps to make something new and innovative
This process is totally self-governing which assist
the person to take choice by full concern as they
will be the only responsible for consequences.
This approach motivate the individual to achieve
the objectives and makes beliefs in themselves.
The major inspiration of this come up to helps the
entity to be recognized for the performances and
actions.
The entrepreneurship is that kind of business plan
which is away from the limits of learning as it
focus on ability and awareness.

Explore and examine different lines of argument relating to
entrepreneurial characteristics
Sometimes the background of the individual
become the factor of hinder
Each individual has different approach
towards the business.
They follow different theory and strategy
which are necessary for the development of
the company.
 Some times entrepreneur take time in
understanding the market.

how background and experience can hinder or foster entrepreneurship
Background and experience plays a important
role
It plays an significant function in formative the
entrepreneur skills and inspiration towards the
organizations.
National culture plays a important role in the
growth and progress of the company.
Economic conditions also plays an important role
in the development of the company
The entrepreneur needs to be focussed towards
the successful functioning of the company.

Analyse the characteristic traits, skills and motivational drivers of success
entrepreneurs and the influence of personal back and experience, supported by
specific examples
 Entrepreneur should focus on the starting
the business and managing the business
 It is duty of entrepreneur to make ideas as
per the requirements of the business
environment
 It is duty of the entrepreneur to used
adaptive approach towards the changing
environment

critically evaluate how background and experience influences
entrepreneurs, both positive and negative, comparing and
contrasting examples
There is a link between entrepreneurship
and the background of individual
 Positive aspects:
Growth and progress of the business
Expansion of business
 Negative aspects
High risk
loss of capital

Conclusion
In this report, there is a discussion on the
entrepreneur and the types of entrepreneurship
which helps in the growth of the economy of the
country
In this report there is a discussion on the
entrepreneur and the qualities of an entrepreneur
which are required for the development of the
economy. In this report there is a discussion on
differences of a entrepreneur and business manager.
There is also discussion on the things which
encourages which are required for entrepreneurship
and the things which effect entrepreneurship