Entrepreneurship: Skills, Traits, and Personality Analysis Report

This report delves into the core aspects of entrepreneurship, examining the crucial skills, traits, and personality characteristics that contribute to entrepreneurial success. It explores the significance of self-motivation, risk-taking, networking, management skills, flexibility, passion, and curiosity. The report further analyzes the role of personality traits, specifically the Big Five model (Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism), in shaping entrepreneurial behavior. Additionally, it investigates how an individual's background can either facilitate or hinder entrepreneurial endeavors. The report concludes with a summary of the key findings and provides a list of references. The report also provides a case study on Richard Branson's entrepreneurial journey, highlighting the impact of his personality and background on his ventures.

ENTREPRENEURSHIP
AND SMALL BUSINESS
MANAGEMENT

TABLE OF CONTENT
 INTRODUCTION
 the characteristic skills as well as traits of winning entrepreneurs
 aspects of entrepreneurial personality which reflect entrepreneurial motivation as well
as mindset.
 Examine, how background can hinder & foster entrepreneurship.
 Conclusion
 References

INTRODUCTION
Entrepreneurship signifies designing of innovative ideas & converting into venture through method
of innovation. It is determined as an organization that is willing to improve, assess and handle the
organization that include higher level of risk in addition with appropriate contribution that helps
in increasing profits. There is different start-up who reduces their profit because of higher level of
risk, lack of money and many more. The individual person generates small ideas as organization
is determined as entrepreneur.

characteristics, traits and skills of successful
entrepreneur
 Self motivation
 Risk taking
 Networking
 Management skills
 Flexibility
 Passionate
 Curiosity
 Ability to think

Aspects of Entrepreneurial personality
Big five personality traits
Openness
Conscientiousness
Extraversion
Agreeableness
Neuroticism

Background Information
 Richard Branson is determined as entrepreneur who possess several failure attempts in
its business life. He had started in age16, that effort got unsuccessful for marketing
Christmas tree as well as budgerigars.
 Later he provide magazine to students and become successful. Later he pace into
several start-ups such as virgin records, virgin Atlantic airways, telecom ventures,
space travel, hotels, as we;; as charitable influences are determined as success for virgin
groundwork

CONCLUSION
 On the basis of above given study, it is assess that entrepreneur possess different types
of skill like risk taking.
 These skills assists in growing as well as make them winning entrepreneur.

REFERENCES
Burns, P. and Dewhurst, J. eds., 2016. Small business and entrepreneurship. Macmillan
International Higher Education.
Burns, P., 2016. Entrepreneurship and small business. Palgrave Macmillan Limited.
Julien, P.A., 2018. The state of the art in small business and entrepreneurship. Routledge.