An Analysis of Entrepreneurial Traits and Small Business Management

This report delves into the core aspects of entrepreneurship, examining the key traits and skills essential for entrepreneurial success. It explores how entrepreneurial personalities reflect motivation and mindset, highlighting the importance of vision and inspiration in driving business endeavors. The report also investigates how an individual's background and experiences can either facilitate or impede entrepreneurial ventures, emphasizing the impact of supportive environments. Furthermore, the report discusses the role of small, medium, and micro enterprises in economic growth, and different strategies for establishing and managing businesses based on their size and capital. The report concludes by underscoring the significance of entrepreneurship in societal and economic development, referencing relevant academic sources for further study.

Entrepreneurship and Small
Business Management

Table of Content
 P 5 Characteristic Traits and Skills of Entrepreneur.
 P 6 Asses how aspects of the entrepreneurial personality reflect entrepreneurial
motivation and mindset.
 P7 Examine using relevant examples, how background and experience can hinder or
foster entrepreneurship.

INTRODUCTION
 Entrepreneurship is action which creates a new business where group of peoples and
individuals stay and work together and take step into making the world better place.
 To build a better world where everyone feel good.
 Entrepreneurship is setting business on your own and starts a business where there is no
other boss and they work instead of working for someone else.

P 5 Characteristic Traits and Skills of Entrepreneur
 Entrepreneur is an individual who works for the society first and who
have an idea, an innovative idea to create something different which
no one ever except that thing or thought off.
 Entrepreneur refers to an individual who establish and operates a
business taking higher financial risk any type of risk for his or her
idea.
 A successful entrepreneur should keep different characteristic traits
like given below.

P 6 Asses how aspects of the entrepreneurial personality reflect
entrepreneurial motivation and mindset.
 A perfect personality can reflects motivation and give motivation to
others an entrepreneur is the person who have different and
attractive personality which reflects the mindset and vision which
inspires others to do more.
 Personality is an easy concept for most of us to grasp. However, you
define personality, its an important part of who you are.
 In fact personality shows a positive correlation with life satisfaction.
With personality having such a large impact on our lives.

P7 Examine using relevant examples, how background and
experience can hinder or foster entrepreneurship.
 An individual can only became entrepreneur when he must have creative ideas,
innovative and must be a risk taker and its business must be successful.
 Personal background and experience can have high effect on enterprise and can hinder
the enterprise and entrepreneurship.
 Supportive background definitely tend to give an great enthusiasm to an entrepreneur.

Conclusion
 From this study we find that and explained that how entrepreneur are
different from others and three activities which help the society to
grow and small, medium and micro and large enterprises which help
the economy to grow and help in national income.
 SME to develop and is of different techniques to establish their
business according to their size and capital invested.

REFERENCES
 Baldacchino 2015. Entrepreneurship in small island states and territories. Routledge.
 Brush and Greene 2015. Women's entrepreneurship. Wiley Encyclopedia of
Management. pp.1-5.
 Burns and Dewhurst 2016. Small business and entrepreneurship. Macmillan
International Higher Education.
 Burns 2016. Entrepreneurship and small business. Palgrave Macmillan Limited.
 Cole 2018. Bank credit, trade credit or no credit: Evidence from the Surveys of Small
Business Finances. Trade Credit or No Credit: Evidence from the Surveys of Small
Business Finances (July 31, 2018).

Thank You