Report on Entrepreneurship: Skills, Traits, Backgrounds & Analysis

This report provides an overview of entrepreneurship and small business management, highlighting the characteristics, skills, and traits of successful entrepreneurs, differentiating them from managers. It explores how entrepreneurial personalities reflect motivation and mindset, using the OCEAN model to analyze these aspects. The report also examines how an entrepreneur's background and experiences can either hinder or foster their success, using examples of Adam Ludwin and Mark Zuckerberg. It concludes by emphasizing the importance of entrepreneurship in enhancing living standards and creating effective business approaches. Desklib offers a platform for students to access similar solved assignments and past papers for further learning.

Entrepreneurship and small
business management

 Introduction
 Characteristics, skills and traits of successful entrepreneurs that
different from manager
 Entrepreneurial personality reflect motivation and mindset
 Analyse background and experience can hinder and foster
entrepreneurship
 Conclusion
 References
Table of Content

 Entrepreneurship and small business management refers to an
creative term in today’s business world as it shows as a heart of the
every enterprise because it helps the entrepreneur to take the risk and
earns a high profit margin and large growth so that they can sustain
in the marketplace for a longer period of time. Further it shows the
characteristics, traits and skills of entrepreneurs that can help in to
become a successful in their life. At last it involves their background
and experience that can hinder and foster to become successful
Introduction

 Local Entrepreneur – It refers to that type of entrepreneur
who start their business on local level with a limited amount of
workforce who are working for enhancing their living
standards and company can gain more profits so that it also
helps in economy of the country.
 Global Entrepreneur – It refers to those entrepreneur who
crossing the domestic boundaries and done the business
operations in all over the world.
Characteristics, skills and traits of
successful entrepreneurs that different
from manager

Continue…
 Adam Ludwin is the local
entrepreneur in the UK who is the co-
founder of the Captify business where
he handle the teams of 200 people in
an effective and efficient way so that
they can work with best efficiency
and get the productive results . In this
their characteristic, skills and traits
helps more that shown below.

Continue…
 Mark Zuckerberg is one of the
famous global entrepreneur in the
world who originated the world
largest online website i.e. Facebook
where people can connect with other
people to share their ideas and
thoughts and it also create more
business opportunities for small and
start-ups business.

 Passion and flexibility- It is the best characteristics of an
entrepreneur that shows under the Adam Ludwin and Mark
Zuckerberg because of this passion to become a successful in
their lives and due to their flexible nature they achieves their
vision and famous according to their work capabilities and
abilities.
 Hard work- In this characteristic it shows the entrepreneurs
i.e. Adam Ludwin and Mark Zuckerberg efficient working
nature that helps in becoming famous.
Characteristics

Traits
 Confident- It is the essential trait that
was present under the entrepreneurs
such as Mark Zuckerberg and Adam
Ludwin because it helps in taking
effective decisions that gives them
appropriate results in the future.
 Disciplined- This term helps the
Mark Zuckerberg and Adam to
balance their personal and
professional life so that they can
manage all the other things in a
systematic way.

 Communication skill- It is an important skill that can present
in the entrepreneur because it helps in conveying their
thoughts and ideas to the other people so that people are
attracted towards it and company will become successful and
sustaining for a longer period of time.
 Innovative thinking- It is very essential to become an
successful entrepreneurs in the world.
Skills

Entrepreneurial personality reflect motivation and mindset
 Entrepreneurs have many skills,
traits and characteristics shows
different from the crowd. For
reflecting their personality and
their motivation to become an
entrepreneur this study taking
helps of OCEAN model that can
be shown underneath.
OCEAN Model
 Openness
 Consciousness
 Extraversion
 Agreeableness
 Neuroticism

 Adam Ludwin- He is the famous local scalable entrepreneur
at the age of 21 in the UK. He started the Captify business in
2011 and Adam can think to become an entrepreneur in their
mid age when he works with their mother in the digital media
business because of their family situation.
Analyse background and experience can
hinder and foster entrepreneurship

Continue…
 Mark Zuckerberg- He is one of
the largest entrepreneur in the
world born on 1984, may 14 in
New York. he is the cofounder of
the Facebook that is a social
networking website and is the
world largest website in the
world.

 From the above explained report it is to be summarized that
entrepreneurship and small business management is a
prominent term because it helps the person to enhance their
living standards by creating various effective approaches. It
inculcates the different types of entrepreneurship ventures and
their effective relation with the typologies so that it is easy to
bifurcates them according to their nature and capabilities.
Conclusion

 Hazudin, S.F. and et. al., 2015. Discovering small business
start up motives, success factors and barriers: A gender
analysis. Procedia Economics and Finance. 31. pp.436-443.
 Sirelkhatim, F. and Gangi, Y., 2015. Entrepreneurship
education: A systematic literature review of curricula contents
and teaching methods. Cogent Business & Management. 2(1).
p.1052034.
References

Thank-you