Entrepreneurial Ventures and Mindset: ESBM Report- Oxford, Term 3

This report provides an overview of entrepreneurship and small business management, focusing on the skills and personality aspects of entrepreneurs. It examines the characteristics of successful entrepreneurs like J.K. Rowling, Oprah Winfrey, and Bill Gates, highlighting traits such as passion, decision-making, adaptability, and problem-solving. The report also discusses internal and external factors that shape entrepreneurial personalities, including openness, conscientiousness, extraversion, agreeableness, and neuroticism. Furthermore, it explores how background and experiences can either hinder or foster entrepreneurship, using the case studies of Rowling, Winfrey, and Gates. The report concludes that becoming a successful entrepreneur requires fulfilling responsibilities, bearing risks, and capitalizing on rewards. This document is available on Desklib, a platform offering a wealth of study resources for students.

Entrepreneurship and Small
Business Management

Table of content
 Introduction
 Skills an entrepreneur
 Aspects of entrepreneurial personality
 Background and experience can hinder or foster entrepreneurship
 Conclusion
 References

Introduction
 Entrepreneurship is defined as the ability as well as readiness
to organise, develop and run by entrepreneur along with
various uncertainties for the purpose of making profit.
 It is the process of seeking opportunities as well as
assembling various resources in order to convert all
possibilities into reality.
 Entrepreneur has responsibility to run business operations in
well-defined manner through overcoming risk and
challenges to attain the objective of higher profitability.

Skills of an entrepreneur
 An entrepreneur has to act courageously and take risk to
execute idea properly. Characteristic, skills as well as
traits are the factors that enable entrepreneur to run
business operations in efficient manner.
 Characteristics trait of J.K Rowling:
 Passionate towards
 Proper decision maker and creative

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 Characteristics of Oprah Winfrey:
 Oprah Winfrey accepts changes to attain the objective of
growth and development.
 On the other hand, managers have specific rules and
regulations on the bases they perform their operations.

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 Characteristics of Bill Gets:
 Bill Gets has the characteristic of adaptiveness. He adopts
changes easily that are necessary for business growth and
development. On the other hand, managers do not adopt
changes easily.
 Skills of Bills Gets:
 Bill Gets has problem solving skills because he critically
evaluate the problems and find suitable solutions. It
facilitates to attain the objective in efficient manner on time.

Aspects of entrepreneurial personality
 There are various internal as well as external factors
that shape the overall personality of an individual.
 Openness
 Consciousness
 Extraversion
 Agreeableness
 Neuroticism

Background and experience can hinder
or foster entrepreneurship
 J.K. Rowling
Background
 Joanne Kathleen Rowling was born near Bristol at Yate General
Hospital on 31st July 1965. She studied in Gloucestershire at St.
Michael's Primary School.
Experience:
 J.K Rowling wanted to become a popular writer. She wrote her first
book at the age of 6 that is about a rabbit. At the age of 11, she

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Oprah Winfrey
Background:
 Oprah Winfrey born in Kosciusko, Mississippi on 29
January 1954. Name of Oprah Winfrey's father and
mother was Vernon and Vernita.
 She completed her graduation in 1976 from
Tennessee State University (Oprah Winfrey, 2021).

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Bill Gets:
Background and experiences:
 William Henry Gets born in October 28, 1955 in
Seattle, Washington. He is American business magnate,
investor and software developer.
 He is founder of Microsoft organisation along with his
childhood friend Paul Allen. Gets lead organisation as a
CEO and Chairman.

Conclusion
From the above report, it can be concluded that
become a successful entrepreneur is not an easy task
because an entrepreneur has to fulfil various
responsibilities to run business. At the same time, they
have to bear risk and take advantages of rewards.

References
 Gavigan, S., 2017, June. Mixed research methods through female
entrepreneurship education. In ECRM 2017 16th European Conference on
Research Methods in Business and Management (p. 424). Academic Conferences
and publishing limited.
 Hashim, N.A.B., Raza, S. and Minai, M. S., 2018. Relationship between
entrepreneurial competencies and small firm performance: are dynamic
capabilities the missing link?. Academy of Strategic Management Journal, 17(2),
pp.1-10.

References
 Lourenço, F., 2018. Teaching sustainability via entrepreneurship education in
tourism and hospitality school. In Sustainable Entrepreneurship (pp. 242-252).
Routledge.
 Nair, S., Cohen, D. G. and Meyer, C. R., 2017. The role of professional service
providers during the initial stages of international entrepreneurship: a neo-
institutionalist view. International Journal of Entrepreneurship and Small
Business, 30(4), pp.526-544.

Thank-you