AP - Unit 9

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ENTREPRENEURSHIP AND SMALL BUSINESS

MANAGEMENT (ESBM)

Student Name:
Student ID:
INTRODUCTION

This presentation covers all the factors of “winning mindset of an


entrepreneur”.
In this presentation, the following topics will be covered-

The examples of three successful businessmen i.E mark zukerburg,


jeff bezos and jack ma
Skills and characteristics of these three successful business man
that make them the most successful
Entrepreneurial personality
Entrepreneurial motivation and mind set
Entrepreneurial characteristics i.E background, experience and
How such characteristic of an entrepreneur hinders or fosters
entrepreneurship
characteristic traits and skills of successful entrepreneurs that differentiate
them from other business managers.

Leadership
Motivation
Creativity
Determination
Passion
Communication
how those successful entrepreneurs are different from the traditional business managers.

Characteristics, Entrepreneurs Business managers


skills, and traits
Motivation Entrepreneurs are driven by a single goal: The manager's motivation comes
their own personal success. from the authority and status he or
she has over others.
Creativity Inventing new businesses, services, and How a company manager directs
goods is the primary source of an his subordinates to meet a certain
entrepreneur's innovation. goal is an example of his ingenuity.
Determination An entrepreneur is unwavering in his pursuit A manager is focused on the work
of his objective. at hand.
Passion He can delegate tasks to his managers if he Regardless of how motivated he or
isn't enthusiastic about them. she is, a manager must carry out
the tasks assigned to him or her.
Communication People's ability to do this varies widely. An A manager communicates in the
entrepreneur must adhere to a set of rules context of his or her work.
when it comes to communicating with
others.
Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation and mind-set.

Source: http://mentoringacademic.blogspot.com/
Entrepreneurial personality and its influence on a person's motivation and mindset:

Never Give Up.


Don’t get tired of being failure
Do not hesitate
Focus on talents
Find out abilities and skills
Explore and examine different lines of argument relating to entrepreneurial characteristics

Overconfidence in nature
Unrealistically
Tolerance power
High risk of failure
Lack of knowledge
Over expectations
Examine, using relevant examples, how background and experience can
hinder, and foster entrepreneurship.

Family background
Educational background
Personal Experience
Conclusion

Lets wrap up. To be successful in entrepreneurship, there must have some special
characteristic in a person. as well as the entrepreneur needs to have some interpersonal
skills. Background and experience also impact a lot.
References
Bonanni, C., François Lépineux and Roloff, J. (2019). Social Economic Impact of SME. 5th ed. Houndmills, Basingstoke, Hampshire ;
New York: Palgrave Macmillan.

Burns, P. (2011). Entrepreneurship and Small Business: 3rd Revised edition : Start-up, Growth & Maturity. 4th ed. Basingstoke:
Palgrave Macmillan.

Darling, P. (2017). SME handbook. 3rd ed. Englewood, Colo., Usa: Society For Mining, Metallurgy, And Exploration.

FSB (2021). UK Small Business Statistics. [online] Fsb.org.uk. Available at: https://www.fsb.org.uk/uk-small-business-statistics.html.

Graff, L. (1960). Graff | Extraordinary Fine Diamond Jewellery and Swiss Watches. [online] www.graff.com. Available at:
https://www.graff.com/international-en/home/.

Levenson, L. (2019). Social entrepreneurship for the 21st century : innovation across the nonprofit, private, and public sectors. 14th ed.
New York: Mcgraw-Hill.

Turner, T. and Gianiodis, P. (2017). Entrepreneurship Unleashed: Understanding Entrepreneurial Education outside of the Business
School. Journal of Small Business Management, 56(1), pp.131–149.

Wikipedia Contributors (2019). History of KFC. [online] Wikipedia. Available at: https://en.wikipedia.org/wiki/History_of_KFC.

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