Entrepreneurship and Small Business: Zuber and Mohsin Issa

This report delves into the world of entrepreneurship, focusing on the success story of Zuber and Mohsin Issa, the billionaire brothers behind the EG Group. It examines their characteristics, traits, and skills, highlighting how they transformed from owning petrol stations to acquiring Walmart. The report discusses key entrepreneurial skills such as discipline, open-mindedness, innovation, and customer service. It assesses how aspects of the entrepreneurial personality, as reflected in the OCEAN model, contribute to their motivation and mindset. Furthermore, the report explores the brothers' background and experiences, identifying factors that fostered their entrepreneurial spirit. The analysis provides insights into their journey, from their initial ventures to their significant achievements, offering a comprehensive understanding of their entrepreneurial journey and the key elements that contributed to their success.

Entrepreneurship and Small Business Management for Growth
INTRODUCTION
Entrepreneurs refers to those businesspersons who set up and established their business with the
help of using innovative and new ideas. They manufactures or produces service provides with
primary industries and contributes heavily on multiple sectors.
TASK 3
P5 Characteristic, traits and skills of successful entrepreneur:
A success full entrepreneurs must have some good qualities which helps him in the
growth of his innovation and which differentiate them from the business managers. This helps the
firm in improving their productivity and profitability of the business. In this, the two
entrepreneurs are chosen which are Zuber and Mohsin Issa of Walmart, they are Billionaire
brothers who made money in petrol stations and now succeeded in buying Walmart, whose
characteristic, skills and traits are discussed below:
Characteristic of a successful entrepreneurs are as follows:
• Disciplined: For being successful in any kind of business the entrepreneur must be
disciplined towards their target. They must eliminate the distractions from their lives so that it
will be easy for them to focus on their targets. Their overreaching helps them to reach their goals
(Bhat and Singh 2018). They have to plan and focus on the ways to achieve the outcomes. They
use to make new steps every day to achieve their set goals in an effective manner.
• Open Minded: The successful entrepreneur must be open minded. They always
welcome to learn new things ( Bruton and et. al., 2018). The new ideas always get out the new
potential of business. This increase in skills, efficiency and workflows of the organisation.
• Creative: The individuals who have a creativity in their minds those can become a good
and successful entrepreneur. They have a good and new techniques to overcome with the situations
(Umar, Sasongko and Aguzman, 2018). These peoples use to recreate the things into the new.
• Determination: The successful entrepreneurs are always determined on their set goals
which makes them, different from others. They don't get fear from the other threats. They use to
believe in achieving the set goals by trying and trying on the same things in a different manner.
Though the above mentioned characteristics, are founded in both entrepreneurs i.e. Zuber and
Mohsin Issa, which helps them in achieving their set targets and goals (Dias and et. al., 2019).
These characteristics differentiate them from business managers because they have less level of
patience by which they are unable to take proper decisions and the managers are not hard worker
which makes them unsuccessful in achieving the targets of the organisation.
Skills of entrepreneurs are as follows:
• Innovative things: the entrepreneurs must have an innovative think. So that it will helps
them in solving the problems at organisation. This skill helps both entrepreneurs of Walmart in
becoming successful as this helps them in resolving the problems which arises at their workplace
(Sar, 2017).
• Leadership: This skill helps in both entrepreneurs of Walmart in leading their staff so that
they can easily achieve their set goals, helps in guiding them and motivate them to increase the
amount of efficiency.

• Customer service: No matter in which industry or sector, an entrepreneur establish a
venture, they require effective customer service skill. In context to Zuber Issa and Mohsin Issa,
customer service skill guide them to talk with prospective and potential clinets through sharing
opening partnerships addition to connecting with customer base.
• Technical skills: As there are multiple software or technology available in the market
for planning, organising resources, financial analysis and other processes. In relevance to Mohsin
Issa as well as Zuber Issa, having efficient technical skills help the both entrepreneurs to use
software together with multiple digital approaches in order to manage projects, revenues, measure
performance and other types of workings.
Traits that defines an entrepreneur
• Confidence: The entrepreneurs must have a good knowledge of things so that it will
increase the level of confidence. They must clear the doubts. This helps them in achieving their
set targets.
• Risk taking: The entrepreneurs must be a risk taking. They are the one who innovate the
new idea in the existing market. The risk is on the failure of the idea. They must measure the
amount of risk before launching it into the market (Fayolle, Kariv and Matlay 2019). They are the
risk taker they take risk of time, money, energy, skills and resources. Risk is the reason why many
of the individuals fails in starting business.
P6 Assess how aspects of the entrepreneurial personality reflect entrepreneurial
motivation and mind set.
In the business, entrepreneurs have many characteristic, trait and skills which makes them
different from others. These factors help them in motivate their workforce in achieving the task of
the organisation as well as mind-set of them. This makes them more efficiently in achieving their
goals. OCEAN model can be used to reflect the entrepreneurial motivation and mind-set which are
as follows:
Openness: This aspect of trait helps in broad their range of interest. These kinds of individuals
are curious to learn about the new things from the world and enjoys new experience. These kinds of
people are more adventurous and creative. They have a focus to learn trending things. Zuber and
Mohsin Issa having the best level of creativity which helps them in the growth of their business.
Conscientiousness: This factor includes high level of thoughts, goods impulses control and
goal approached behaviour. It trends to organise and mindful of details. They have a goal to finish
the important tasks on time. They have a quality to resolve everything even in the complex
situations. This helps the organisation to deal with every problem in business.
Extraversion: This factor means the entrepreneurs have a good quality of communication
which helps them to communicate with everyone in the enterprise. The two entrepreneurs have this
quality which helps them in listening the things of their subordinate also.

The experience and background of Zuber Issa and Mohsin Issa, which helps them in becoming a
billionaire brothers are as follows:
Background of Zuber Issa and Mohsin Issa:
Zuber and Mohsin Issa are the two entrepreneurs which are migrated from Gujarat, India.
They went there to work into the textile industry and owned a chain of petrol station. Both brothers
completed their educations from Witton Park High School. Both of them took out a lease on a
garage and saved the money for opening their first petrol station and in 2001 they owned their first
petrol pump station in Bury, Greater Manchester. Zuber is responsible for acquiring more petrol
station while the another brother is responsible for day to day working of their business. This helps
them in increasing their chain of petrol stations.
Experience of Zuber Issa and Mohsin Issa:
Mohsin and Zuber Issa becomes successful from one rented petrol station into a network
around 6000 ports around 10 countries. They decide earn their profit before selling it. They are now
48 and 49 and tested their idea for “better shopping experience” and tried to offer a good range of
fresh foods with good quality. They attracted their customers with good quality at reasonable price.
Firstly, they opened Starbucks in UK and now they have more than 110 stores. They also owned
125 sites of KFC stores in UK. On 2015 the organisation had grown to 376 sites and expanded their
business with the contribution of private equity share.
From the above information, it can be concluded that, the entrepreneurs are those
individuals which taken their ideas into the reality which helps them in generating profits. There are
variety of entrepreneurs like small, large, social and Scalable Starts-ups business organisations. In
developing the nation's economy, the small and Starts-ups plays an important role and helps in
improving the living standard of the people. Further, there are many characteristic, traits and skills
required by the entrepreneurs to become successful in their business. Lastly, the background and
experience of two billionaire brothers Zuber and Mohsin Issa were mentioned which helps them in
becoming a billionaire of UK.
To assess the enforced regulation and dominant
administration: This is a proactive measure of
monitoring and review. As there should be proper
and regular checking of implemented standards in
organisation.
Agreeableness: this factor says that the person has an ability to listen to the ideas of their
subordinates and applies on them. The two entrepreneurs of Walmart are also having this quality
which helps their employees to share their ideas which helps the organisation in achieving their
targets in a productive manner.
Neuroticism: it can be also called as Emotional Stability. This helps them in measuring the
reactions of emotions.it defines reactions of entrepreneurs in negative situations. Two brothers
used this model in their business in handling their working of the business. It helps them dealing
with the situations in a better manner.
TASK4
P7 Examine the background and experience of two entrepreneurs which hinder and foster their
entrepreneurship.
Entrepreneurs are the one who innovates the products into the market to satisfy the needs
of customers and society in a productive manner for generating profits. The experience and
background of the individuals helps in motivating them to initiate new ideas into reality. This
guides their business into a successful project.