Entrepreneurship and Small Business Management Presentation

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ENTREPRENEURSHIP AND SMALL
BUSINESS MANAGEMENT

TABLE OF CONTENT
• Introduction
• Traits and skills of an entrepreneur
• Aspects that reflect entrepreneur motivation and mind-set
• Lines of argument
• Background and experience hinder and foster entrepreneurship
• Relation of background and experience with traits
• Influence of experience and background on entrepreneur
• Conclusion
• References

INTRODUCTION
The presentation is going to explain about entrepreneur and
hoe they are different from business managers. Traits,
characteristics, personal background and experience that
make an entrepreneur successful in life with the help of
examples. Skills and traits of successful entrepreneur ,line of
arguments and evaluation of aspects that reflect motivation
and mind-set of entrepreneur.

TRAITS AND SKILLS OF SUCCESSFUL
ENTREPRENEURS
ENTREPRENEUR-A person who take benefit of an opportunities
in order to set up venture. The main aim is to produce good
quality products and services through innovative thinking in
order to solve social problems. An entrepreneur is known as risk
taker.
TRAITS AND SKILLS
• Determination
• Creativity

Cont.
• Self-initiator
• Confidence
• Competitive spirit
• Communication skills
• Passion
• Work ethics
• Integrity
• Consistency

ASPECTS THAT REFLECT ENTREPRENEURIAL
MOTIVATION AND MIND-SET
Not every entrepreneur are same and they have different
mindset and motivation that help them to achieve what they
want and refers as a driving factor of their success and growth.
Following are the personality aspect that reflects motivation and
mindset of different entrepreneur.
• Optimism
• Leadership
• Give without expecting return

Cont.
• Set products apart from others
• Focus on quality
• Understand the power of brand
• Always keep vision in mind
• Take ownership
• Make use of networking to grow business

LINES OF ARGUMENT THAT RELATE TO
CHARACTERISTICS OF ENTREPRENEUR
There are different line of argument related to an entrepreneur
characteristics such as
• Are entrepreneurs born or made?
• Are entrepreneurs risk takers?
• Are an entrepreneurs motivated?
• Are an entrepreneurs dedicated?

BACKGROUND AND EXPERIENCE CAN HINDER AND
FOSTER ENTREPRENEURSHIP (WITH EXAMPLE)
Experience and personal background have significant impact on
entrepreneurship. It can slow down or grow the business of an
entrepreneur.
FOSTER
Personal background includes family support, support and
encouragement from friends, financial stability, education
background etc. So if an individual get full support and
encouragement from family or friends and have good financial
support then he/she can be inspired to start a business.

Cont.
Personal experience also make impact on entrepreneurship. If
experience of an individual is good then he/she can be inspired or
motivated to continue with the business and if an individual get success
in his/her business then he he/she always motivated.
Example-
Sir Philip Green born on 15th march 1952 is a chairman of a retail
company name Arcadia Group. He is from middle class family and his
father died from heart attack when he was just 12 year old the he opted
his family business at very small age he started taking care of business
and set up his first business on his own at the age of 21.Here in this
example family background help him to grow in the business.

Cont.
HINDER
Personal experience and background can also hinder
entrepreneurship for example if an individual continuously faces
failures then he/she got demotivated and this will discourage
them to continue with the business. But many of the
entrepreneur s think that if want to achieve something great
then it is necessary to pass through failures and take failures in
positive manner.

INFLUENCE OF PERSONAL BACKGROUND AND EXPERIENCE IN
RELATION TO TRAITS, MOTIVATIONAL AND SKILLS DRIVER OF
SUCCESSFUL ENTREPRENEUR
Personal background and experience have significant relationship
between traits and skills of an entrepreneur. Characteristics and skills of
an entrepreneur can be developed through personal experience and
background.
The traits and skills like creativity, dedication, discipline, Time
management, risk-taking and integrity comes from the personal
experience and background.