Entrepreneurship Presentation: Characteristics, Motivation, and Skills

This presentation delves into the core aspects of entrepreneurship, providing an overview of key skills, traits, and motivational factors essential for success. It explores how entrepreneurs, like Elizabeth Gooch and Tom Mercer, leverage their unique characteristics and experiences to drive innovation and meet customer needs. The presentation examines the OCEAN model to reflect entrepreneurial motivation and mindset and discusses how background and experience can either hinder or foster entrepreneurial ventures. It highlights the importance of hard work, innovative thinking, and leadership in achieving entrepreneurial goals, concluding with a discussion on how these factors differentiate entrepreneurs from business managers. The document references several scholarly sources to support its analysis, providing a comprehensive view of the subject.

Entrepreneurship and small business
Management (Part 2)

Table of contents
• Introduction
• Characteristics, traits and skills of entrepreneur
• How entrepreneurial motivation reflects personality
• Background and experience of entrepreneurs
• Conclusion
• References

Introduction
The entrepreneurs are the one who
with their innovative ideas tries to
satisfy the needs of customers and
generate high revenues in the
competitive market. They play an
essential role in developing the
economy of the nation through
their hard work, skills and
knowledge.

Characteristic, traits and skills of successful
entrepreneurs
The entrepreneurs are the one who are distinct from the
managers due to their unique traits and characters takes that
convert them into the successful entrepreneur. There are
many entrepreneurs with their specific and unique traits that
make them successful in their professional career. For
instance, Elizabeth Gooch and Tom Mercer have unique
traits, skills and characteristics which make them successful.
The skills, characteristics and traits discussed below-

Characteristic, traits and skills of successful
entrepreneurs (Continued)
Characteristics
• Hard work and self- belief
• Passion
Skills
• Innovative thinking
• Leadership
Traits
• Confidence
• Disciplined

Entrepreneurial aspects personality reflect
entrepreneurial motivation
Every entrepreneurs have different
skills and characteristics that
differentiate them from managers.
These reflect the motivation in the
entrepreneurs and affects the
mindset and motivation level of
them so that they can be
successful. The OCEAN model is
being used for reflecting the
entrepreneurial motivation and
mindset. Its factors are discussed
thereunder-

Background and experience can hinder or
foster entrepreneurship
The entrepreneurs have the ability to run their venture for
generating maximum profits by offering its product and
services to the target customers. The experience and
background of the entrepreneurs guide them towards the
growth and success as it teaches them several lessons for not
making repetition of mistakes. Both Elizabeth Gooch and
Tom Mercer become successful entrepreneurs due to their
experience and background
• Elizabeth Gooch
• Tom Mercer

Conclusion
It is concluded from this PPT that have entrepreneurs have
the unique characteristic of converting the innovative ideas
into a product and service which can satisfy the demand of
people. The characteristic, skills and traits of entrepreneurs
make them distinct from the business managers and are the
reason behind their success.

References
• Julien, P.A. ed., 2018. The state of the art in small
business and entrepreneurship. Routledge.
• Runyan, R.C. and Covin, J.G., 2019. Small business
orientation: A construct proposal. Entrepreneurship
Theory and Practice, 43(3), pp.529-552.
• Ughetto, E., Rossi, M., Audretsch, D. and Lehmann,
E.E., 2019. Female entrepreneurship in the digital
era. Small Business Economics, pp.1-8.

Thank You