Entrepreneurial Ventures: Scope, Traits, Skills & Mindset Analysis

This report provides an overview of entrepreneurial ventures, focusing on their scope, key traits, and the entrepreneurial mindset required for success. It examines the scope of entrepreneurial ventures in the industrial and service sectors and analyzes the common traits and characteristics of successful entrepreneurs, including vision, passion, innovation, resilience, and leadership. The report further explains the entrepreneurial mindset as a set of skills that enables individuals to identify opportunities and overcome setbacks, highlighting the importance of a 'right direction' mindset, persistence, and the ability to learn from mistakes. Additionally, it analyzes the skills and characteristics associated with entrepreneurial mindsets, such as determination, focus, drive, decisiveness, independence, and creativity. The conclusion emphasizes the significant impact of entrepreneurship on economic growth and development.

ENTREPRENEURIAL
VENTURES

TABLE OF CONTENTS
• Introduction
• P1 examine the scope of entrepreneurial venture
• P2 Analyse traits and characteristic of entrepreneurship
• P3 Explain entrepreneurial mind-set
• P4 Analyse skills and characteristic of entrepreneurial mind-
sets.
• Conclusion
• References

INTRODUCTION
• Entrepreneurial venture refers to as a company that places opportunism
and innovation at their heart in order to produce social value or economic.
It contribute to economic development.
• In this report there is a study related to scope of entrepreneurial venture
and its traits and characteristics. Lastly there is also an explanation
regarding entrepreneurial mindset with their characteristic and skills.

EXAMINE THE SCOPE OF
ENTREPRENEURIAL VENTURE
• The scope entrepreneurial venture
generally depends on their
geographical location, size and
structure. The scope of these
activities in small sector can
generally be categorized into.
• Industrial sector-
• Service sector-

ANALYSE TRAITS AND CHARACTERISTIC OF
ENTREPRENEURSHIP
• There are various common traits and characteristic that all successful
entrepreneurs have are mentioned below.
• Vision and Passion Competitive spirit
• Innovative Resilient
• Risk taker
• Leader
• Persistent
• Ethical

Explain entrepreneurial mindset
• An entrepreneurial mindset is a set of skills which
enables individual help in identifying and makes
of opportunity, succeed in a variety of setting and
overcome & learn from setbacks. There are three
mindsets that are tips on execution are mentioned
below.

CONTI…
• The ' this is right direction' mindsets- it is
necessary when decisions need to be made with
time. It is important mindset at time
uncertainty.
• The 'no' does not mean 'no', it just means
'not now' mindset- as many of noes really
were 'not now'. In future company convert
several people who said no before to yes.
• The 'I was wrong' mindset- it strive excellent,
as it completely with other things that never to
admit when individual is wrong. It also shows
a strong sense of lack of awareness and
insecurity.

Analyse skills and characteristic of entrepreneurial
mindsets.
• Successful entrepreneur possess
various skills and characteristics from
which some are mentioned below.
• Determination
• Focus
• Drive
• Decisiveness
• Independence
• Creativity

CONCLUSION
• From the above report it is concluded that the entrepreneurship
has a huge scope and huge impact on economy growth and
development.
• From the understanding traits and characteristics of
entrepreneur it helps identifying various benefits that they are
offering.

REFERENCES
• Amankwah-Amoah, J. and Adomako, S., 2021. The effects of knowledge
integration and contextual ambidexterity on innovation in entrepreneurial
ventures. Journal of Business Research, 127, pp.312-321.
• Bagheri, A., Newman, A. and Eva, N., 2022. Entrepreneurial leadership of CEOs
and employees’ innovative behavior in high-technology new ventures. Journal of
Small Business Management, 60(4), pp.805-827.
• Dees, J.G., 2018. The meaning of social entrepreneurship 1, 2. In Case Studies
in Social Entrepreneurship and Sustainability (pp. 22-30). Routledge.