Self-Assessment of Entrepreneurial Capabilities - ENT101 Report

This assignment is a comprehensive self-assessment report completed by a student enrolled in an Introduction to Entrepreneurship course (ENT101) at Laureate University. The student uses personal SWOT analysis and professional self-reflection to evaluate their entrepreneurial potential. The assessment identifies the student's strengths, such as passion and dedication, and weaknesses, including anxiety and difficulty handling pressure. The student also reflects on their current academic roles and future aspirations to become a successful entrepreneur. The report details a personal development strategy, including research, workshops, and internships, to address identified challenges and enhance entrepreneurial capabilities. The assignment concludes with a bibliography of relevant academic sources and highlights the student's commitment to achieving their entrepreneurial goals. This assignment aims to identify the student's current capabilities and analyze any gaps that may need to be addressed to become an entrepreneur.

PERSONAL SELF ASSESSMENT FOR
BECOMING A SUCCESSFUL
ENTREPRENEUR
NAME OF THE STUDENT
NAME OF THE UNIVERSITY
AUTHOR NOTE

Self Introduction
Hi,
I am a student of management and business studies at Laureate
University and I wish to utilize what I study as a part of this course to
become a successful entrepreneur some day.
I am hugely drawn by the discipline and the practice of
entrepreneurship and personally believe that I have the traits and the
abilities that are needed to be a successful entrepreneur.
I am dedicated and devoted to my course of study and will do everything
in my power to work and develop myself in a way that I can be a well
known and powerful entrepreneur.
In the following slides I will reveal the person traits and skills that I have
seen my self to have upon in-depth self assessment to be a successful
entrepreneur and will also outline the challenges that I am likely to be
faced with in my journey to becoming an effective entrepreneur

Methods and Tools used for Self Assessment
The two method and tools that I have used
for personal self assessment in order to see if
I have what it takes to be a successful
entrepreneur are as follows –
Personal SWOT Analysis
Professional Self Reflection

Personal SWOT Analysis
Strengths
One of my biggest strengths is the passion and the dedication that I am
able to devote to the work that I do. No task is ordinary for me and I
devote all my energies into getting my work done fully and completely
I am a patient person. I have the ability to listen to and understand
what other people have to say without imposing my views for the most
part.
Weaknesses
I tend to become anxious very easily when I am not able to achieve my
goals. This is a trait that may go against me as an entrepreneur as I will
start fretting as if work does not go according to plan.
I have a tendency to sometimes crack under pressure, which is also not
a good thing, given that, as an entrepreneur I may be subjected to
several pressure like situations.

PERSONAL SWOT ANALYSIS
Opportunities –
Since I am a good speaker and I also have an approachable personality, I
can get my subordinates at work to feel convinced enough to do their
jobs well, without being bogged down by self – doubt and lack of
confidence
As a passionate and dedicated individual, I will be able to motivate my co
workers and subordinates to give their best to the work that they do in
order to truly realize their potential
Threats
My tendency to break down easily in trying situations and to be too
anxious about not meeting my goals are a disadvantage of mine that can
work to the advantage of my competitors who could be more calm and
level headed than me and who can guide their employees to keep their
cool and work towards their goals instead of fretting and fuming

PROFESSIONAL SELF REFLECTION
1. Areas of Practice that I perform now -
I am a student who is engaged in pursuing academic
learning in management and business studies
My studies require me to conduct a sufficient amount
of research into market theories and practices as well
as effective strategies for good management and
leadership
2. Roles or responsibilities that I perform now -
My current role as a student does not require me to
fulfill any responsibilities apart from meeting my court
requirements and assignment deadlines

PROFESSIONAL SELF REFLECTION
3. Areas of my Study that I enjoy
When it comes to my studies I enjoy learning about
entrepreneurial theories and practices. I also like
researching on the same
4. External Factors that affect my professional
practice –
There is a lot of research that is being done in the
area of business studies, management and
entrepreneurship and as a part of my educational
program I get to know about and benefit from this
research

PROFESSIONAL SELF REFLECTION
5. What I want my Future areas of practice to be –
I want to be a successful entrepreneur someday
6. What are my Professional Strengths
I am studious and attentive and am able to absorb all of my course
content with ease. I am also good at mathematical calculations.
7. What are my professional goals ( short term)
My short term goal is to graduate from my degree program with good
grades
8. What are my professional goals (long term)
My long term professional goal is to be a well established
entrepreneur with a large and dedicated team of workers serving me

Identification of Personal Challenges
Through the two self assessment tools that I
have used to assess my strengths,
weaknesses and my abilities it is clear that
the following are some of the personal
challenges that I am faced with –
1. I am anxious and easily break down in the
face of pressure
I am unable to bounce back from a trying
situation or a situation of failure as I tend to
be too hard on myself in such situations

Strategy for Personal Development for being
a Good Entrepreneur
The strategy that I undertake in order to become a successful
entrepreneur will be as follows –
I will carry out research projects as a part of my degree program
that will attend me to uncover important aspects of
entrepreneurship that are not too well known
I will attend workshops and lectures on the subject of effective
entrepreneurship that are carried out by experts and by existing
entrepreneurs
I will subscribe to research journals on business entrepreneurship in
order to read up more on the subject and educate myself on
everything that I need to know to be a successful entrepreneur
I will apply for internships at leading organizations that are led by
successful entrepreneurs to see first hand what it takes to be a good
entrepreneur

Conclusion
Through the use of the self assessment tools
of Personal Swot Analysis and Professional
Self Reflection, I can see that I have certain
traits that are needed in order for me to
become an effective entrepreneur and that
there are a number of areas which I need to
work on as well in order to fulfill my goal of
becoming a good entrepreneur someday

Bibliography
Bruton, G. D., Ahlstrom, D., & Si, S. (2015). Entrepreneurship, poverty, and
Asia: Moving beyond subsistence entrepreneurship. Asia Pacific Journal of
Management, 32(1), 1-22.
Faruk, A., & Atobatele, A. J. (2018). Impact of Good Governance and
Entrepreneurship in Nigeria. Covenant Journal of Entrepreneurship (Special
Edition).
Hermanto, B., & Suryanto, S. E. (2017). Entrepreneurship Ecosystem Policy
in Indonesia. Mediterranean Journal of Social Sciences, 8(1), 110-115.
Llopis, J. A. S., Millán, J. M., Baptista, R., Burke, A., Parker, S. C., & Thurik, R.
(2015). Good times, bad times: entrepreneurship and the business
cycle. International Entrepreneurship and Management Journal, 11(2), 243-
251.
Read, S., Sarasvathy, S., Dew, N., & Wiltbank, R. (2016). Effectual
entrepreneurship. Routledge
Ruskovaara, E., Pihkala, T., Seikkula-Leino, J., & Järvinen, M. R. (2015).
Broadening the resource base for entrepreneurship education through
teachers' networking activities. Teaching and Teacher Education, 47, 62-70.

THANK
YOU