UK College Entrepreneurship and Small Business Management Presentation

This presentation provides a comprehensive overview of entrepreneurship and small business management, focusing on the characteristics, traits, and skills of successful entrepreneurs. It explores the definition of an entrepreneur, the importance of small businesses, and the impact of entrepreneurial personality. The presentation highlights the traits and skills of successful entrepreneurs, using Richard Branson and Peter Jones as case studies. It discusses aspects of entrepreneurial personality, including emotional ability, openness to experience, conscientiousness, agreeableness, and extraversion. The presentation also examines how background and experience can influence the performance of entrepreneurship, including the roles of education, family, and social networks. Finally, it concludes by emphasizing the importance of effective traits, knowledge, skills, and connections for entrepreneurs to achieve their goals. The presentation is designed to fulfill the requirements of a BTEC HND in Business Unit 9 Entrepreneurship and Small Business Management assignment.

Entrepreneurship and Small Business
Management

Cover Content
 Introduction
 Characteristics and traits of entrepreneurs
 Aspects of entrepreneurial personality
 Background and experience of entrepreneurs
 Conclusion
 References

Introduction
 An Entrepreneur is a person who undertakes a venture with some profit potential
and involving a considerable amount of risk and therefore, entrepreneurship is
the venture undertaken by the entrepreneur
 They are the one who always try to bring something new in an industry. They
have strong and creative ideas to run small organisations in a profitable manner.
 This PPT reflect data and statistics of small business, growth of start up and
small business, traits and skills of entrepreneur, Aspects of entrepreneurial
personality, background and experience foster and hinder relationship

Characteristic traits and skills of successful
entrepreneurs
 An entrepreneur is a person who set up their own business while taking all risk
factors in competitive way. It is essential for entrepreneur in order to become
successful to be passionate and creative. It is important for business owners
operates their functions in whether small, large or sole to become adaptable and
updated from all necessary skills and traits. The first and foremost step in
becoming a successful entrepreneur is to take risk and never stop learning. It is
necessary for new entrepreneurs to have basic traits and have high level of
confidence.

Cont.…
 characteristic, traits and skills of two successful entrepreneurs
 Characteristic of Richard Branson:
 Sir Richard Charles Nicolas Branson was born in the year 1950. He was
born form entrepreneur mother with whom he acquires large amount of
entrepreneurial skills and traits since childhood. Branson is an investigator,
philanthropist, business magnate and founder of Virgin Group.
 Decision Making - Richard Branson is founder of Virgin group and manages more
than 400 companies.
 Optimistic - Branson wants to become an entrepreneur at a very young age. He
failed numerous times but still have strong optimism to grow his businesses.

Cont.…
 Skills of Richard Branson:
 Leadership - Richard Branson possess great leadership traits to inspire and
empower people. He is efficiently inspiring towards company commitments and
leading employees in recognizing personal limits and learn from their past
mistakes
 Attention to details - As per the vision of, Richard Branson it is first and
foremost role to accomplish small little things in order to achieve big success. He
successfully manages more than 400 business units by paying attention to every
single detail of them

Cont.…
 Peter David Jones was born in the England in the year 1966 and currently resides
in Beacons field with his second wife Tara and three children. He is one the most
effective and passionate entrepreneur of United Kingdom. He is mainly known
for his work in Dragons' Den, American Inventor and tycoon.
 Innovative Thinker – Creative thinking helps to keep a business presence fresh.
This helps to constantly reinvest business in order to stay in customer awareness
 Passionate – This is an emotion that comes from a person. It is the enthusiasm,
zeal, drive and self-motivation of doing something.

Cont.…
 Skills of Peter Jones:
 Confident – Entrepreneurs should have faith in all actions done by them. The
individual must have this quality to run a business as this will encourage them
adopting things and performing any task easily and uniquely.
 Time Management – As a television presenter, there must be possibility of
managing two tasks at one time. So, for this, time management quality will be
very helpful in completing certain tasks in given time without having any issues
and problems.

Aspects of Entrepreneurial Personality
 Personality defines the behaviour of a person. These are traits which vary from
person to person and these are the skills that aid a person in pushing their limits
so that they can achieve their set goals and objectives. Possessed skills and
knowledge helps a person in shaping its personality which can further assist
them in attaining its goals in a limited time frame This is an indicator that tells
which kind of task that person can do in business with maximum efficiency and
effectiveness along with hundred percent efforts.

Cont.…
 Emotional Ability: Emotional ability involves being sensitive to and perceptive
of other's people's emotions and having the ability to improve the performance
based on this knowledge.
 Openness to Experience: Entrepreneur should set up a health competitive
environment at workplace and precise atmosphere which is a responsible factor
of achieving all goals and objectives in limited time.
 Conscientiousness: This is an ability of being attentive related to all small or big
matters and to monitor all situations and task completion whether they are
generating profit or not.

Cont.…
 Agreeableness: Entrepreneurial persons should be agreeable in inspiring their
teammates in order to make them able in accepting future challenges in order to
beat market demands with appropriateness
 Extraversion: Person who belongs to this ability is very enthusiastic and
energetic. An individual who can share their thoughts with other persons in a
quite free manner fall under this category.

Background and experience can hamper the performance
of entrepreneurship
 It is the process of initiating, designing, launching and successful running a new
business. The person who undertakes a venture with some profit potential and
involving a considerable amount of risk are said to be an entrepreneur. It is
described as the capacity and willingness to develop, organize and manage a
small business along with different types of risk with motive of earning profit.