Entrepreneurship and Small Business Management Report Analysis 2024

This report delves into the core elements of entrepreneurship and small business management. It begins with an introduction, followed by an analysis of the characteristics, traits, and skills that distinguish successful entrepreneurs from traditional business managers. The report assesses the role of personality in shaping entrepreneurial motivation and mindset. It then explores, with examples, how personal background and experience either hinder or foster entrepreneurial ventures. The analysis includes case studies of successful entrepreneurs and their approaches to business. The report concludes by summarizing the key findings, emphasizing the importance of entrepreneurial skills and their impact on organizational goals, innovation, and job creation. References from academic journals are included to support the analysis and findings.

Entrepreneurship and small business
management

 Introduction
 Characteristics traits and skills of successful entrepreneurs that
differentiate them from other business managers.
 Assess how aspects of the entrepreneurial personality reflect
entrepreneurial motivation and mindset. 8
 Examine, using relevant examples, how background and experience hinder
or foster entrepreneurship.
 Conclusion
 References
TOC

 Study will include Characteristics traits and skills of successful
entrepreneurs that differentiate them from other business managers.
 It will assess how aspects of the entrepreneurial personality reflect
entrepreneurial motivation and mindset.
Introduction

 There are many successful entrepreneurs all around
the world and theirs success is solely depends on
their working ability, skills, and capability which
they use while doing their businesses.
 Any business can be successful if all the factors
and resources are used successfully in an
organisation.
 Skills-His special talent and skills towards
computer programmes gave him the idea of
developing software.
P5. Characteristics traits and skills of successful entrepreneurs that
differentiate them from other business managers.

 He is also known for his philanthropic activities.
 He donates good amount of money to charitable trusts and
organisations.
 He also developed a foundation which dedicated to reduced
poverty. Improving opportunities for education etc. and
these social contribution of gates towards the economy
makes him different from other managers. As managers
doesn't contribute that much for any foundation or trust.
 Managers earn for themselves and for their companies and
they focus on the organisation, its structure and its goal
Characteristics traits

 Characteristics traits Steve jobs has its unbelievable imagination which is
unique trait which make it different from other managers.
 Another trait which make him different from other all managers is his
uniqueness or his legendary creativity in concept of innovative and
interactive design .also he is extremely passionate when it comes to the
development of Apple
Analyse the characteristics traits, skills and motivational drivers of
successful entrepreneurs, supported by specific examples.

 Entrepreneur mindset might have to do with the personality and the field in
which they have chosen to work. Personality includes the entrepreneur
characteristics, abilities, motives, attitude and values which shape the
entrepreneur experience and action. Hence personality reflect mindset and
motivation of entrepreneur.
 Entrepreneur mindset contributes to their success. Entrepreneur have to
passion in their work. It is very important personality for reflect their
mindset and motivation. Because that drives them forward. They may be
passionate about the products they create or the services they provide.
P6 Assess how aspects of the entrepreneurial personality reflect
entrepreneurial motivation and mindset.

 Ability to take risk
 Innovation
 Leadership
 Confident and well informed
 Professionalism
Explore and examine different lines of argument relating to
entrepreneurial characteristics.

 Richard Charles Nicholas Branson is a founder of Virgin group. He is
British entrepreneur.
 Branson was a school dropout and entered into his first successful business
venture as a teenager.
 But he have not perfect childhood his education background was not
strong. But he has interest in business so he become perfect entrepreneur.
P7 Examine, using relevant examples, how background and experience
hinder or foster entrepreneurship.

 Entrepreneurs characteristics like passion, self confidence and innovative
is direct interrelate with influence personal background of entrepreneurs.
 Because entrepreneurs must have all characteristics for develop their
personal background.
 Because all characteristics helps in motivate and improve skills, create self
confidence and innovation of new product and implement them so it is
direct influence personal background. entrepreneurs
Analyse the link between entrepreneurial characteristics and the
influence of personal background and experience to specific e

 There is interrelate between characteristics and background of the
individuals.
 In both cases Richard and marks, the individuals have got enough real
experiences through which they could stand alone at the first stage of
business.
Critically evaluate how background and experience influences
entrepreneurs, both positively and negatively, by comparing and
contrasting examples

 Entrepreneurs purpose has achieve organisational goals and develop their
skills, create confidence in their workers.
 Entrepreneur main role play in success of organisation. Entrepreneurship
and small business management always give employment, increase
profitability and innovate new ideas and skills.
Conclusion