Entrepreneurship: Traits, Skills, and Background of Entrepreneurs

This report delves into the characteristics, traits, and skills essential for entrepreneurial success. It examines the importance of risk-taking, planning, communication, and flexibility. The report also highlights the significance of time management and effective communication. Furthermore, it explores the backgrounds of successful entrepreneurs like Richard Branson and Peter Jones, illustrating how their experiences have shaped their entrepreneurial journeys. The conclusion emphasizes the impact of background and experience on entrepreneurial success and the necessity of strong communication and time management skills for managing a business effectively. This report is a valuable resource for students studying entrepreneurship, offering insights into the key factors that contribute to success in the business world and is available on Desklib.

Entrepreneurship and medium scale
business

TOC
 Introduction
 Analysing the characteristics traits, skills and motivational drivers of successful
entrepreneurs providing examples of well known British Entrepreneur
 Background and experiences of the entrepreneur which affect their carrier
 Conclusion
 References

Introduction
 Analysing the characteristics traits, skills and motivational drivers of
successful entrepreneurs providing examples of well known British
Entrepreneur
 Background and experiences of the entrepreneur which affect their carrier

Characteristics, traits and skills of
Entrepreneur
Characteristics of the entrepreneur
 Take Risk
 Observe and Planning
 Network and communication
 Flexibility
 Creativity

Skills of the entrepreneur
 Time management
 Communication
 Curiosity
 Ability to Listen

Traits of the entrepreneur
 Openness
 Conscientiousness
 Extraversion
 Agreeableness
 Neuroticism

Background and experiences of the entrepreneur which affect their carrier
Richard Branson :
 Richard Branson is the owner of Virgin Group. He
started his journey at very young age.
 He planted Christmas tree at his young age by thought
in mind that he will sell it when he'll be older. But
unfortunately he fails, those trees were destroyed.

Peter David jones
 Peter started his business at the age of 16. He started
his business of personal computers of his own brand.
 And later on he also started his business of bar which
he was inspired by the Tom Cruise movie “cocktail”.
But he failed in that and has to sell his business at
loss.

Conclusion
 From the above study it can be concluded that background and experience
impact on success entrepreneur.
 Communication and time management is required to manage a business
successfully.

References
 Allen, S. and Truman, C., 2016. Women in business: Perspectives on women
entrepreneurs. Routledge.
 Burns, P., 2016. Entrepreneurship and small business. Palgrave Macmillan
Limited.