BTEC HNC Unit 9: Entrepreneurship and Edison's Behaviour

This presentation delves into the multifaceted aspects of entrepreneurship, examining how personality traits and experiences shape entrepreneurial motivation and mindset. It analyzes Thomas Edison's life and work to illustrate key entrepreneurial characteristics such as tenacity, passion, perseverance, and vision. The presentation also explores how background and experience can either hinder or foster entrepreneurial success, providing examples like Richard Branson and Elizabeth to highlight the impact of skills and circumstances. The analysis covers crucial elements and the impact of fostering entrepreneurship. This presentation is designed to provide a comprehensive understanding of the entrepreneurial journey and the factors that influence it.

ENTREPRENEURSHIP
AND

The presentation will include the Following:
– Assessing the way aspects of the entrepreneurial personality
reflect entrepreneurial motivation and mindset.
– Identifying the way background as well as experience can hinder
or foster entrepreneurship.

Assessing the way aspects of the entrepreneurial
personality reflect entrepreneurial motivation
and mindset.
There are some aspects which reflect Thomas Edison
which reflect his entrepreneurial motivation and mind
set Thomas Edison was a a very successful inventor.
Tenacity: Thomas Edison tried 10000 time for overcome
to failures. Thomas Edison have ability that determine
to succeed. In inventing of perfect electric light he
tried more then 10000 times to overcome for failure
that shows his mindset and dedication towards the
objective.

CONTD.
Passion: Most entrepreneur that belies they will change
the world through their mindset Thomas Addison was
one of them. Passion toward the objectives shows his
greatest mindset skill and courses of action which
reflects his entrepreneur aspects. Edison emphasizes
his achievement to handwork.

CONTD.
Beware of the distraction in the way of success. Edison
spent most of his lifetime in spending in his
innovation. Edison pay his ability to the determine
the viability of his invention. Few entrepreneurs are
likely experience into the objectivity of any company.
Perseverance Thomas Edison continued steadily his
belief on his work after 10000th time failure he
continue trying to invent the electric bulb that shows
his mind set and skill set. Thomas Edison have self
confidence on his invention that he created.

CONTD.
Vision: Entrepreneur often face nayasyers, because Thomas
edision see the future before the future plays' out and Thomas
Edison was several steps ahead in the market that makes him
visionary person. Vision of inventing electric light in 80s era
can't be supposed but Thomas Eddison have unique vision to
invent electric light that make him several steps ahead from
the other people. Just like an entrepreneur every entrepreneur
have a unique vision and different mindset which make him
the different from other.

CONTD.
Brought new ideology that makes him several steps ahead fro
the other people. Thomas Edison said that genius is on
percent inspiration and 99 percent perspiration. Edison slowe
his creation in 1911. from startin edison was high
competitive and wants to several steps ahead from other th
makes him greater leader of all the time.

Characteristics of Entrepreneur

Qualities of Successful entrepreneurs

Identifying the way background as well as
experience can hinder or foster entrepreneurship.
Background and experience can directly affect the
propensity of individual to become successful
entrepreneur. Entrepreneurship skill are must
required for every successful entrepreneur. Fostering
entrepreneurship contains level of
involvement(condition,crucial element,impact). For
example:

CONTD.
Richard Branson: Richard Branson was dropout from
the school at the age of 16 and setup a magazine. His
father was worked as a barrister and mother was a
flight attendant. At the age of 16 he started a youth
culture magazine known as Student and sold that
company $8000.

CONTD.
Elizabeth: it can easily analyse that lack of technical
capabilities or skills , it is very difficult for
Elizabeth to create effectual a swell as appropriate
business strategies or plan and implement the
suitable business model in the market. The
utilization of this fact in case 1.