Entrepreneurship and Small Business Management: Task 2 (LO3 & LO4)

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ENTREPRENEURSHIP AND
SMALL BUSINESS
MANAGEMENT
TASK-2 (LO3 &LO4)

Points to be covered
 Characteristic traits and skills of successful entrepreneurs that
differentiate them from other business managers.
 Aspects of the entrepreneurial personality reflect entrepreneurial
motivation and mindset.
 Different lines of argument relating to entrepreneurial characteristics
 Characteristic traits, skills and motivational drivers of successful
entrepreneurs, supported by specific examples.
 How background and experience can hinder or foster
entrepreneurship.
 Entrepreneurial characteristics and the influence of personal
background and experience to specific successful entrepreneurs.
 Background and experience influences entrepreneurs, both positively
and negatively, by comparing and contrasting examples.

Traits and skills of Wang Jianlin
 He is the much known well real state
personality and founder of the
Dalian Wanda Group.
 Also, he was very good for his
execution as well as higher focus in
dealing with the property.
 He is youngest in all five brothers
and he has achieved the success
along with the motivation for rising
up to heights to overcome with the
hurdles which he has faced in his
life.

Traits and skills of Larry Elisson
To drop the college of up to $54
million is a story of the Larry Ellison
which is the richest entrepreneurs
and the founder of Oracle.
He has started his database
company with the co-workers.
 He also wanted to make his living
by providing the comforts to people
buy software and he has now
become the successful and richest
entrepreneurs.

Entrepreneurial personality reflect
entrepreneurial motivation and
mindset
The business activities and the inspired
entrepreneurs are comparatively different from
the established managers.
Wang Jianlin has started his career to be the
office administrator along with mindset and vision
in mind and focus on achieving the success.
Larry Elision on another hand has a trait
characteristic for taking the risk towards bringing
the innovative product brand in a market

Different lines of argument
relating to entrepreneurial
characteristics
The entrepreneur’s characteristics presented
the arguments that if an entrepreneur is made
or born.
Wang Jianlin is the examples who have
confidence and motivation with his father for
achieving the future goals.
Technology development and several boosts in
the education sector helps in developing the
individuals’ skills, character and knowledge.

Characteristic traits, skills and
motivational drivers of successful
entrepreneurs, supported by
specific examples
The entrepreneurs are not too born along
with the required skills.
The major entrepreneurs’ traits are they are
more creative for management, functions and
actions. The major entrepreneur's skills for
achieving success are proper communication
skills should be there for sharing the goals,
concept and ideas with the others.

Background and experience can hinder or foster entrepreneurship
Larry Ellison is one of the best examples
which have the risk-taking skills which is
developed from his past experiences.
He has left college and did not able to
complete his education, but from his
surrounding, he has best experienced
from his background that leads him to
become a success.

Cont...
The youngest in five brothers is Wang
Jianlin, but he never received support from
his brothers.
The greater confidence and inspiration he
has received from father who has developed
a mindset to have the own entity
Wang Jianlin has faced many struggles in his
life because he has rejected different deals

Entrepreneurial characteristics
and the influence of personal
background and experience to
specific successful entrepreneurs
The entrepreneur’s characteristics success and
personal background are linked directly with each
other.
Wang is the best example as his father has faced
many struggles in an army and he belongs from
the middle-class family to stay confidence always
and follow business goals to bitterly serve the
people.

Cont...
Larry was abused always by his father that
Larry was good in nothing as per to fortune.
He has faced struggles many times as his
mother is not enabled for feeding, so his
mother gives Larry to relatives.
Many of the times struggles and background
teach the person if becoming the self
dependents as well as earn the health living
standards.

Background and experience
influences entrepreneurs, both
positively and negatively, by
comparing and contrasting examples
The family experiences and background for the
availability of finance, start the venture, knowledge
and learning availability influences an
entrepreneur.
Positive and successful entrepreneurs have several
roots in the factors of motivations but not the
capabilities and skills of the family backgrounds.