Characteristics of an Entrepreneur Confidence in personal abilities Desire for producing results Willingness to take Risk Responsible Motivated Visionary Extraordinary Organizing skills Commitment Tolerance of ambiguity Flexibility Forces guided Entrepreneurship Independent lifestyle Demographic factors, Increasing the share of services New technologies Training in field of Entrepreneurship Globalization Availability of Resources

1. E:N:T:R:E:P:R:E:N:E:U:R

2. E:xamine needs, wants, and problems to see how they can
improve the way needs and wants are met

3. N:arrow the possible opportunities to one specific best
opportunity

4. T:hink of Innovative ideas

5. R:esearch the opportunity and idea thoroughly

6. E:nlist the best sources of advice & assistance

7. P:lan the venture

8. R:isk access the risks and rewards

9. E:valuate evaluate the risks and rewards

10. N:avigate the feasibility of the venture – ACCEPT or REJECT

11. E:mploy the resources necessary for the venture to succeed

12. U:nderstand the implications – Hard work & Commitment

13. R:ealize and reap the sense of accomplishment from the
success and learn lessons from the failures

14. E:xamine
N:arrow
T:hink
R:esearch
E:nlist
P:lan
R:isk
E:valuate
N:avigate
E:mploy
U:nderstand
R: ealize

15. TOP
ENTREPRENEURS

16. Characteristics of an Entrepreneur
Confidence in personal abilities
Desire for producing results
Willingness to take Risk
Responsible
Motivated
Visionary – Innovative & Creative
Extraordinary Organizing skills
Commitment
Tolerance of ambiguity
Flexibility

17. Desired Qualities for an Entrepreneur
Innovative Thinking
Effective Decision Making
Ability to Mobilize Resources
Strong Determination
Intrinsic ally Motivated
Farsightedness – Innovative & Creative
Extraordinary Organizing skills
Highly Competitive
Technology savvy
Highly Resilient

18. Entrepreneurship is the process of starting a
business, a start-up company.
A start-up company is a business in the form of a company, a partnership or
temporary organization designed to search for a repeatable and/or scalable business
model.These companies, generally newly created, are in a phase of development and
research for markets.

19. Entrepreneurship
SME – FMB IDE
Small & Medium Enterprise Innovation Driven Enterprise
LOCAL Markets GLOCAL Markets
Focus is on CONTROLLING Focus is on EXECUTION
Growth – Linear Growth – Non Linear
e.g. Family Managed Business e.g. Apple
Funding limited Funding - IPO & IFo

20. Entrepreneurship
SME – FMB IDE
Linear that saturates with time Initially losses but gains momentum

21. Entrepreneur develops a business plan, acquires the
human and other required resources, and is fully
responsible for its success or failure.
An individual who organizes or operates a
business or businesses

33. Tax your brain
Connect the Entrepreneurial skills for the above Entrepreneur?

34. Thank You!