Analysis of Entrepreneurship: Skills, Personality and Growth

This report delves into the realm of entrepreneurship and small business management, emphasizing the characteristics and skills crucial for success. It contrasts the approaches of figures like Warren Buffett and Steve Jobs, highlighting leadership, innovation, and team-building skills. The report also explores the entrepreneurial personality through the OCEAN model, examining openness, conscientiousness, extraversion, agreeableness, and natural reactions. Furthermore, it discusses how background and experience, including lifestyle, family environment, and education, can either hinder or foster entrepreneurship. The conclusion underscores the importance of individuals creating new business opportunities and adding value ethically, noting the role of SMEs in the modern business landscape. Desklib offers this report, along with a wealth of resources like past papers and solved assignments, to aid students in their studies.

Name – Liliana Boitor

Entrepreneurship and small business
management

Table of ContentTable of Content
 Introduction
 Characteristic and skills of successful entrepreneurs
 Aspects of the entrepreneurial personality
 Background and experience can hinder or foster entrepreneurship
 Conclusion
 References

Introduction
Entrepreneurship is the capacity and willingness to develop, organize
and manage a business venture along with any kind of risk in order to
make more profits. The people who create new businesses are called
entrepreneurs. Entrepreneur are those people who have skills and
initiative to make current and future needs and bring new ideas to
market

Characteristic and skills of
successful entrepreneurs
Characteristics is defined as feature or qualities of person that belong
and make recognizable to them. Similarly, skills are capabilities of
individual for performing any work in an organisation. Both are
different from person to person.

Cont....
The characteristics and skills of successful entrepreneurs that
differentiate from other business manager are described below:
Characteristics of Warren Buffett:
 Realistic
 Knowledge
Skills of Warren Buffett
 Leadership Skills
 Managerial Skills

Cont....
Characteristics of Steve Jobs:
 Innovative
 Strong and Clear Vision
Skills of Steve Jobs:
 Team Building Skills
 Communication Skills

Motivational drivers
The motivational drivers of both entrepreneur is to encourage them for
doing effective business operations and functions in better manner.
They are use their skills and knowledge in order to gain profit and
income effectively.

Cont....
Common myths of an entrepreneur-
 Achievement oriented – An entrepreneur is an activity
oriented person that can take major advantage for completing
all tasks of red bridge to accomplish all tasks .
 Persuasive- An entrepreneur have a persuasive behaviour so
that he /she analyse all risk in red bridge.
 Creative- Entrepreneurs have create more creative ideas that
can analyse each and every risk of people in red bridge.

Aspects of the entrepreneurial
personality
The entrepreneurial personality reflect entrepreneurial motivation and
mindset which can be explained with OCEAN Model given below:
 Openness
 Conscientiousness
 Extraversion/Introversion
 Agreeableness
 Natural Reactions

Background and experience can
hinder or foster entrepreneurship
The background and experience which can hinder or foster
entrepreneurship are as follows:
 Lifestyle
 Family
 Education

Lifestyle
It is the interest, behaviours, opinions and orientations of individual,
group and culture. It depicts way of life, attitudes of person living
in society. The children can learn many things from their way of
living in family. The rich people have high lifestyle whereas poor
have low.