Report on Entrepreneurial Ventures: Skills, Traits, and Examples

This report provides an overview of entrepreneurial ventures, focusing on the characteristics, traits, and skills of successful entrepreneurs. It explores the importance of passion, innovation, and leadership skills. The report also delves into aspects of entrepreneurial personality that reflect motivation, including confidence and discipline. Furthermore, it presents background and experience examples of successful entrepreneurs like David Levin and Tom Mercer, highlighting their paths to success. The report concludes by emphasizing the significance of entrepreneurs in driving economic growth and providing a comprehensive understanding of the key elements that contribute to entrepreneurial success in the competitive market. This document is available on Desklib, a platform offering study resources for students.

Entrepreneurial ventures

 Introduction
 Characteristics, Traits and skills of an successful entrepreneurs
 Aspects of entrepreneurial personality which reflects the
entrepreneurial motivation
 Background and experience which can handle all Foster the
entrepreneurship
 Conclusion
 References
Table of contents

Entrepreneurs are such individuals
who are developing their
innovative idea into reality so
that their company can generate
revenue from it. They are
engaged in such activities where
they are taking the financial risk
in the hope of profit. They work
in order to satisfy the needs and
wants of their target customers.
The entrepreneurs can start a
small, medium or large scale of
business.
Introduction

Characteristics
 Passionate towards the work: It important for every entrepreneur to
become successful in their life as the passion towards their work
helps them to easily develop their innovative idea into reality. This
passion helps them to achieve their set targets into an better manner
as this helps them to provide better goods and services to the
targeted audience. This mix entrepreneurs different from the
business manager as the managers generally loses their patience and
that is resulted and failure of their work and also they are not able to
take proper decision with respect to their work.
Characteristics, Traits and skills of an
successful entrepreneurs

 Think innovative: it is the most important skill possesed by the
entrepreneurs so that they can develop their innovative ideas into
reality which helps them to attract the targeted audience while
fulfilling their requirements into a better manner. The innovative
idea help the entrepreneurs to resolve the issues which are used by
them while operating their operations as it also helpful in order to
achieve the common goal of the organisation.
 Leadership skills: what is the another kind of skill which must be
adopted by the entrepreneurs as it helps them to maintain their team
members into effective. These types of skill helps the entrepreneur
to achieve their common goal as it helps them to work together in
order to achieve the common goal of the organisation as a single
entity. These are the such skills as the leaders helps them to achieve
the goals of team.
Skills

 Confidence: The entrepreneurs must have and confidence while
taking executing their ideas into reality so that they can easily take
appropriate decision with respect to the operations of organisation.
This is also helpful for them as it helps the entrepreneur to adopt the
new techniques which helps them to achieve the common goals into
an effective manner.
 Disciplined: the entrepreneurs must be disciplined towards their
work so that they can easily achieve their set goals. It is important
for them to be disciplined which helps them to maintain the balance
between their personal and professional life. This is also helpful in
order to provide and achieving their desires into a specific manner
and a specific period of time.
Traits

The successful entrepreneur may
adopt several techniques so
that they can easily defeat the
competitors and Grab a
appropriate market share in the
competitive marketplace.
Several techniques are adopted
by the organisation in order to
motivate the staff which helps
them to increase their
functions which resulted in
achieving the set targets of the
organisation.
Aspects of entrepreneurial personality which reflects
the entrepreneurial motivation

David Levin
Background
 David was born in the year of 1963 and become a businessman.
David belongs to a strong family background and has completed his
study from the Oxford University. In 1984 he has completed his
MBA from Stanford University.
Experience
 In the year of 2005 he has become a CEO of UBM Private Limited
Corporation. In 1971 he wanted to start his own 5 star hotel in
London and for this he has grab many experience from various
firms. This helps him to become a successful entrepreneur in the
competitive market.
Background and experience which can handle all
Foster the entrepreneurship

Tom Mercer
Background
 The tomb has completed his education from the Cambridge
University and started working in a consultancy work so that he can
grab the experience in order to start his business. In the year of 2006
wanted to establish a factory of manufacturing the healthy drinks
and employ so many people so that he can easily satisfy the
requirements of the targeted customers.
Contd…

It can be concluded from the above report that entrepreneurs are such
individuals who are working in order to bring their innovative ideas
into reality so that they can easily fulfill the requirements of the
targeted audience. It is important for every entrepreneur to become
successful in the competitive market which helps them to develop
the economic conditions of the nation. This PPT discusses various
types of entrepreneurs Ventures and the characteristic traits and
skills which are possessed by them as it helps them to become
successful in the competitive market.
Conclusion

Books and Journals
 Aldrich, H.E. and Ruef, M., 2018. Unicorns, gazelles, and other
distractions on the way to understanding real entrepreneurship in the
United States. Academy of Management Perspectives, 32(4),
pp.458-472.
 Barkoczy, S. and Wilkinson, T., 2019. Innovation, Start-Ups and
Venture Capital. In Incentivising Angels (pp. 11-27). Springer,
Singapore.
 Bessière, V., Stephany, E. and Wirtz, P., 2018, March.
Crowdfunding, business angels, and venture capital: new funding
trajectories for start-ups?. In 2nd Emerging Trends in
Entrepreneurial Finance Conference.
References

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