Entrepreneurial Mindset: Traits, Skills, and Analysis Report

This report provides an in-depth analysis of the entrepreneurial mindset, focusing on the characteristics, traits, and skills that contribute to the success of entrepreneurs. It examines local, global, and social entrepreneurs, highlighting their unique approaches and the factors that have shaped their ...Read More

Exploration of the
Entrepreneurial Mindset
PART 2

• Introduction
• Characteristic traits & skills of successful entrepreneurs
• Entrepreneurial personality reflects entrepreneurial motivation and mindset.
• Background & experience can hinder or foster entrepreneurship
• Conclusion
• References
Table of content

Introduction
Entrepreneurs are the one who start business with their
Innovative ideas and make a specific plan which can help
to establish a business properly. In the success of the
business , there is a creative and strategic mind of
entrepreneurs which provide the long term success to the
business. Every business require an influential and
effective entrepreneurs which can help to maintain all the
activities & Operations in an appropriate manner.

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Characteristic Traits & Skills Of Successful
Entrepreneurs
Entrepreneurs are those people who make money and running business with their own idea and taking
financial risk to establish business successfully. The description of various characteristics, traits and skills
of local, global and social successful entrepreneurs are given below –
•Local Entrepreneur – Elizabeth Gooch
•Global Entrepreneur- Mark Zuckerberg
•Social Entrepreneur- Bruce Kenrick

Entrepreneurial Personality Reflects Entrepreneurial
Motivation And Mindset
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All the Entrepreneurs contain various characteristics , skills and traits which can differentiate from
others. Every entrepreneurs have different mindset and they work according to their mind and ideas.
To evaluate the mindset of the Entrepreneurs it is necessary to apply OCEAN model which are given
below -

OCEAN Model
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OCEAN Model
•Openness – This mindset also called " intellect " & " Imagination ". With the help of these
personality traits, people can analyze their Innovative thinking and creative skills. These
traits mainly associated with the ideas, emotions and point of view. The curiosity level of
these traits helps the entrepreneurs to take effective decision.

Background & experience can hinder or foster
entrepreneurship
The description about the background and experience of local, global and social entrepreneurs are
discussed below -
Elizabeth Gooch
Background - Elizabeth Gooch initially start her career at HSBC Bank when she was only 18 years old.
After sometime she decided to quit her job and then start worked as consultants in a company but she was
not satisfied with her job and then she collected some money and start working on a company. After
sometime she is started a consultancy company which provide and train consultancy services to those
company which require initial services.
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Conclusion
As per this PPT it can be concluded that entrepreneur are the one who take initiate and risk
to start a new business with innovative ideas contribute in the development of the social
economic. This report discussed about the importance of entrepreneurship and small businesses
and also identified various type of Entrepreneurial ventures. This report also determined the role
of micro , small and new startups on the development and growth of economy. This report also
identified the various type of Entrepreneurs like local, global and social famous entrepreneurs
and also identified their background and experience so that they can inspired to the people.
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References
Nwachukwu, C., Chládková, H. and Žufan, P., 2017. The relationship between entrepreneural orientation,
entrepreneurial competencies, entrepreneurial leadership, and firm performance: a proposed model.
Ogunlana, F., 2018. The role of entrepreneurship as the driver of economic growth.
Ruchkina, G. and et. al., 2017. Small and medium enterprises in the context of regional development and
innovations. Journal of International Studies, 10(4).

Thank you