Entrepreneurship Report: Skills, Motivation, and Background Analysis

This report provides an overview of key aspects of entrepreneurship. It begins by outlining the characteristics, traits, and skills essential for entrepreneurial success, emphasizing the importance of self-belief, hard work, leadership, and innovative thinking. The report then explores the role of motivation and how an entrepreneur's background and experience can influence their ventures. It includes examples of successful entrepreneurs and discusses the impact of their backgrounds on their business outcomes. The report concludes by highlighting the significance of these factors in driving entrepreneurial success and the contribution of small businesses to the economy. It underscores the need for entrepreneurs to possess a diverse set of skills and the importance of adapting to challenges.

ENTREPRENEURSHIP AND SMALL BUSINESS
MANAGEMENT

Table of contents
• Introduction
• Characteristics, traits and skills of entrepreneur
• Entrepreneurial aspects reflecting motivation
• Background and experience of entrepreneurs
• Conclusion
• References

Introduction
Entrepreneurs are the individual
who generator new idea into
reality so that they can meet the
increasing demand of the large
population and also generate
high profitability. These
entrepreneurs can opener new
venture or a small and medium
size business which provide
support in the economy.

Characteristics, traits and skills of successful
entrepreneur
There are various entrepreneurs who is having the Unique
skills characteristics which convert the ordinary people into
successful entrepreneurs. There are two entrepreneurs that
have gained the huge success and growth in their career as
they are having the set of skills and abilities. This makes the
individual person different from others and it is said that an
individual person can be successful if they are having a
attitude characteristics skills and traits that is explained as
follows:

Continued…
Characteristics
• Self belief and hard work
• Passion
Skills
• Leadership
• Innovative thinking
Traits
• Disciplined
• Confident

Aspects of the entrepreneurial aspects
personality reflect entrepreneurial
motivation
Entrepreneur are having the various
aspects like trait and skills that make
them different from the other person.
These how the factors which help the
individual to motivate and influence
their mind set by which they become
successful. These factors directly effects
the motivation and the mindset of the
entrepreneurs by which they become
successful.

Background and experience can hinder or
foster entrepreneurship
Entrepreneurs are running their business as they are offering
the best products and services to their potential customers.
The experience and background of entrepreneurs which helps
the individual in getting the effective working of their
employees so that they can guides their business towards the
success The experience and the background of the both the
entrepreneurs enable them to become the successful which is
explained as follows:
• Elizabeth Goach
• Tom Mercer

Conclusion
It is concluded from the above PPT that entrepreneurs are the
individuals who are having an integrated set of skills by which
convert their Idea into reality in order to satisfy the needs of
their potential customers. There are different types of small
business large business and social enterprises which are related
to the top colleges of entrepreneurship. The small business
form helps in providing the various job opportunities and also
contribute in the GDP of the country by onion hi profitability.
There are various skills and characteristics which are required
for a successful entrepreneur.

References
• Hall, J. and Wagner, M., 2017. The challenges and
opportunities of sustainable development for
entrepreneurship and small business. Journal of Small
Business & Entrepreneurship. 25(4).pp.409-416.
• Bennett, R. J.,2020. Entrepreneurship, small business
and public policy: Evolution and revolution. Routledge.
• Epifanova and et. al., 2019. Modernization of
institutional environment of entrepreneurship in Russia
for development of innovation initiative in small business
structures. European Research Studies. 18(3).pp.137.

Thank You