Entrepreneurship Report: Analyzing Successful Entrepreneurs' Traits

This report delves into the essential characteristics, skills, and traits of successful entrepreneurs, using Mark Zuckerberg and Tom Mercer as examples. It explores how these attributes, including hard work, passion, leadership, and innovation, contribute to entrepreneurial success. The report further examines the entrepreneurial aspects reflecting personality, mindset, and motivation, utilizing the OCEAN model to analyze traits like openness, conscientiousness, extroversion, agreeableness, and neuroticism. The background and experience of both entrepreneurs are also discussed, highlighting their journeys and the factors that led to their ventures. The report concludes by emphasizing the significance of these characteristics in differentiating entrepreneurs and driving their ventures towards success. This report is a valuable resource for students seeking to understand the dynamics of entrepreneurship and small business management.

ENTREPRENEURSHIP
AND SMALL BUSINESS
MANAGEMENT

Table of Content
 Introduction
 Characteristics, skills and trait of entrepreneur
 Entrepreneurial aspects reflect personality, mindset and motivation
 Background and experience of entrepreneurs
 Conclusion
 References

Introduction
Entrepreneurs have several characteristics, traits and skills
which are essential for the success of their business.
Through these, they can tackle the different situations of
marketplace effectively. Tom Mercer and Mark Zuckerberg
are taken for this presentation. This presentation will cover
the Characteristics, skills and trait of entrepreneur along
with the entrepreneurial aspects reflect personality, mindset
and motivation.

Characteristic, traits and skill of entrepreneur
An Entrepreneur has inherent unique skills, traits and
characteristic that differentiate them from other individuals
such as employees, managers etc. which helps them to
establish a successful venture. This task covers two well-
known entrepreneurs that are providing effective goods and
services to its customers. Mark Zuckerberg and Tom Mercer
are taken in this presentation.

Characteristics
Characteristic of an entrepreneur
Hard & smart work- To achieve expected result, an
entrepreneur works durable and in continues way until
they accomplish company goals.
Passion- This is an essential skill that helps an entrepreneur
to formulate goals and targets according to their passion.
For this, an individuals need to develop those goals which
make positive result.

Skills
Leadership- This skill helps an entrepreneur to encourage
other individuals to enhance and emerge them for achieving
the targets of an organisation. With the implementation of this
skill, Mark and Mercer guide and lead their employees so they
accomplish their goal within predetermine period.
Innovation- An entrepreneur has ability to analyse and predict
market environment in efficient way. This helps to
manufacture a unique product or service which satisfies
demand of the customers in effective way.

Traits
Confident- For a successful entrepreneur, this trait is essential
because it helps organisation to gain effective results. Like
confident person or entrepreneur easily influence customers to
purchase their products such as through interactive
communication.
Disciplined- The disciplined trait is wide concept that
introduce important factors for entrepreneur as well as for
individuals.

Entrepreneurial aspects reflects personality,
mind-set and motivation
To become an successful entrepreneur it is essential for an
individual to develop unique traits, characteristic and
behaviour that differ between employee, manager and leader.
These factors define the mind set and motivation of an
entrepreneur. For better understanding, OCEAN model is
implement in this task that briefly covers all aspect of
entrepreneur personality is given below:

Continue...
Openness- This factor is related with the feeling, thoughts
and undertaking of an individual. Through this aspect, it is
easy to understand the experience of a person.
Conscientiousness- This trait is defined as the concept
through which an individual control or develop the ways to act
properly in complex or difficult situation.

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Extroversion- The extroversion introduce social behaviour
of an individual such as way to interacting in a groups. An
extroverted person is dominate in nature and is capable to
influence and emerge employees to achieve their goal.
Agreeableness- This factor refers to the concern of people
in which different person work together with different goals.
Entrepreneur who are high in agreeableness trait helps to build
trust, loyalty and brand awareness among customers.

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Neuroticism- The neuroticism is the factor in which an
individual covers aspect such as fear, anxiety, instability and
insecurity about the customers. In this, different factors which
create negative impact on the performance of activities. For
this, it is essential for an entrepreneur to low neuroticism
factor as it helps to bring positive results to expand their
business in overall world.

Background and experience of
entrepreneurs
Tom Mercer- The Tom Mercer is the successful
entrepreneur who establish a successful venture which is
named as MOMA that provide healthy breakfast to its
customers.
Background- Tom is a graduate from Cambridge national
university and started his career from a London based private
company.