Entrepreneurship Report: Examining Background & Experience Influence

This report delves into the significant influence of personal background and experience on the trajectory of entrepreneurial ventures. It explores how factors such as family, values, and prior experiences shape the approach to business, with a focus on the positive and negative impacts. The report highlights the stories of successful entrepreneurs like Richard Branson and Steve Jobs, illustrating how their backgrounds and experiences either fostered or hindered their entrepreneurial journeys. Furthermore, the report analyzes the link between entrepreneurial characteristics and the influence of background and experience, emphasizing that while personal traits are crucial for success, the context in which an entrepreneur operates plays a vital role. This report provides a comprehensive analysis of the subject, highlighting the interplay between personal attributes and external factors in determining entrepreneurial success.

Entrepreneurship and Small Business
Management

TABLE OF CONTENT
• Introduction
• Impact of background & experience on entrepreneurship
• Link among entrepreneurial characteristic and that influences
on person background as well as experience of successful
entrepreneurs.
• Background and experience influence Entrepreneur
• Conclusion
• References

INTRODUCTION
Entrepreneurship can be considered
as a procedure which includes
designing, introducing and
operating innovative business in an
appropriate manner. The main
objective is to bring innovative
ideas that help in increasing profit
margin in future period of time
(Dana, 2018).The personal
experience as well as background
can impose direct impact on
organisation that is carried out.

P7 IMPACT OF BACKGROUND & EXPERIENCE ON ENTREPRENEURSHIP
 There are various factors that can foster
entrepreneurship. These elements involved caste, race
religion and many more. There are various aspects that
individual person had experience in the past and
environment in which they work. Personal background
as well as experience of individual person can impose
direct impact on growth of entrepreneurial venture.
There are various ways or methods in which experience
as well as background can hinder of foster by using some
example which is going to be mentioned below:

RICHARD BRANSON
 Richard Branson is the well
known as well as top most
British entrepreneur and he
is a founder of international
virgin group (Donckels and
Miettinen, 2019). He was born
in July 18, 1950 in England.
The name of father and
mother of Richard Branson
is Edward James as well as
Eve Branson.

STEVE JOBS
Steve Jobs was born in the year of
1955 and raised by his adoptive
parents in the country named as
California. He was totally interested
in engineering and his passion was
changed very frequently. After
dropping his college named as Reed
College ((Mavi and Afshar, 2017).
Then, they started the company
named as Apple in the year of 1976.
Steve Job was considered as the first
entrepreneur personal computer.

BACKGROUND AND EXPERIENCE CAN
FOSTER ENTREPRENEURSHIP
Background : Richard
Branson is the well known as
well as top most British
entrepreneur and he is a
founder of international virgin
group. He was born in July 18,
1950 in England.
Background: Steve Jobs was
born in the year of 1955 and
raised by his adoptive parents
in the country named as
California

CONTINUE
 Experience: It is another main part that foster on mindset and
motivation of Steve jobs. They take support from their family
which will helpful in become entrepreneur.
 Experience: Richard Branson was also from rich family and
he has a support form his family for becoming entrepreneur
which is considered as a main motivation for him.

M4 LINK AMONG ENTREPRENEURIAL CHARACTERISTIC AND THAT INFLUENCES ON PERSON BACKGROUND AS WELL
AS EXPERIENCE OF SUCCESSFUL ENTREPRENEURS.
Entrepreneurial characteristic
signifies the entrepreneur who
focuses on attaining success
and growth in future period of
time. In assistance of this, the
background as well as
experience imposes both
positive and negative impact
on process of entrepreneurship.
If the characteristic of an
individual person are sound for
them to become successful and
then background & experience
can not hinder from achieving
success and accomplishments
(Yan and Yan, 2016).

D4 BACKGROUND AND EXPERIENCE INFLUENCE ENTREPRENEUR
 The experience and background influences
entrepreneur named as Steve Jobs and Richard
Branson favorably and adversely is undergoing
entrepreneurship. Herein, it has been analyzed that the
educational background and level of experience
supported them to become an entrepreneur. In relation
to Steve Jobs and Richard Branson, the background
and experience of both favorably support to become an
famous entrepreneur during particular phase of time
period (Pham, 2018).

CONCLUSION
 On the basis of above mentioned report, it has been analysed that
entrepreneur is considered as the most significant aspect for the country.
This report reflects on family, values and beliefs of an entrepreneurship in
order to conduct different activity of organisation in an appropriate manner.
This report is based upon how background as well as experience of Steve
Jobs and Richard Branson can hinder or foster entrepreneurship. In addition
to this, there is an explanation regarding linkage between characteristic of
entrepreneur and how it influences the personal experience and background
of entrepreneur.

REFERENCES
• Dana, L.P., 2018. ENTREPRENEURSHIP & SMALL BUSINESS.
• Donckels, R. and Miettinen, A., 2019. Entrepreneurship and SME
research: on its way to the next millennium. Routledge.
• Mavi, R.K. and Afshar, Z.A., 2017. The relationships between social
capital and organisational entrepreneurship at small and medium
enterprises of Zanjan province. International Journal of Business
Innovation and Research, 12(4), pp.449-464.
• Pham, D., 2018. Contemporary issues in entrepreneurship research
volume 7: Entrepreneurship education: New perspectives on
research, policy & practice. International Journal of Entrepreneurial
Behavior & Research.

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