MINDSET OF

ENTREPRENEURSHIP

RUKSHANI REFAI
BATCH 42
BUSINESS MANAGEMENT
Executive sum-
mary
It has been discussed the skills and
traits and their roles of successful
entrepreneur and the motivational
drivers, personal background of
successful entrepreneur ,
situational background and finally
the aspect of entrepreneur reflect
has been discussed in this
presentation slide

(Author, 2020)
01
 Definition of
01Entrepreneur

CONTENTS Who is an
02Entrepreneur
03 Situational
Factors

04 Business
Success

05 Traits of an
Entrepreneur
Entrepreneur's
06 skills 02
 07 Roles of
Entrepreneurs &Managers

CONTENTS 08Successful
Entrepreneurs

09Entrepreneurial
Reflect

10Background
Entrepreneurial

11Entrepreneurship
Global

12Conclusion
03
 Definition of Entrepreneur

An entrepreneur is an innovator, who

develops untried technology.
Joseph Schumpeter

An entrepreneur is someone who

creates a new business enterprise in
the face of uncertainties for profit and
growth- 
(Scarborough & zimmer,
1998)

04
(Schumpeter, 1965)
  Entrepreneur Definition          
 Who is an Entrepreneur
This characteristic is common in
habitual entrepreneurs who are
different. from ordinary business
managers as they are passionate in
seeking new opportunities and
bypass other unfruitful options in
order to keep themselves safe from
exhaustion
(McGrath & MacMillan, 2000).

"Entrepreneurial mindset states to

a particular state of mind which
adjusts human conduct towards
entrepreneurial activities and
outcomes. Individuals with
entrepreneurial mindsets are
habitually drawn to innovation,
opportunities and new value
creation" - Business Dictionary 05

    Who is Entrepreneur        
 Situational Factors
Experiences

Educational Background

Family Orientation

Financial stability

Personal Characteristics

(Author, 2020) 06

      Situational Factor      
 BUSINESS
SUCCESS

Plan Finances
Visualize Goals
Passionate
Be Confident

Take Risks
(Neilpatel, 2020) 07

        Business Success    
 Traits of Entrepreneur

Creative and Independent

Innovative

Seeking
Team Building
Feedback

Confident and Ability to set

optimistic vision

(Adams, 2018) 08

          Traits of Entreprenur  
 Entrepreneurs
Leadership Management skills
skills skills
Entrepreneurial skill is the
ability to of an individual to
exploit an idea and create an
enterprise (Small or Big) not
only for personal gain but also
Interpersonal Communication for social and developmental
gain
skills skills (Olagunju, 2004).

09

            Entrepreneur’s Skill
 Roles of ENTREPRENEUR and MANAGER
ENTREPRENEUR MANAGER

Profit Motive Personal goal and Self

accomplishment

Low Risk Takers Moderate Risk Takers

Owner of the Business Employee of the Business

Bare Financial Risks Doesn’t bare any risks

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(Author, 2020) 10
Roles of Entrepreneurs &
           
Successful Entrepreneurs

Brain Chesky Naqqash Jaleel

Founder & CEO of Airnbn
Founder & CEO of Arabian Knights

2 Brian Chesky 3 Bill Drayton

1 Naqqash Jaleel

THE TRUE ENTREPRENEUR IS A DOER,NOT A DREAMER

11
(Author, 2020)
    Successful Entrepreneur        
 LOCAL ENTREPRENEUR
Arabian Nights
EXOTIC 1.Who is naqqash Jaleel?

The home for Arabic 2. What made him start a restaurant

food in Colombo rather than any other business?

3. What motivated him to become an

entrepreneur?

4.What life skills or habits helped him to

become successful?

5.What were the difficulties and failures

he faced when starting and running

Authentic Arabian Knights?

Top quality spices and

imported Middle
Eastern herbs.
(Author, 2020) 12

      Local Entreprenur      
GLOBAL ENTREPRENEUR
airbub
1. Who is Brain Chesky?

2. What made him start this business?

3. What motivated him to become a

successful entrepreneur?

4. What skills and habitat helped him to

become successful?

5. What are the difficulties and failures

he faced as a global entrepreneur ?

CEO OF airbnb
(Author, 2020) 13
        Global Entreprenur    
 SOCIAL
ENTREPRENEUR

ASHOKA
1.Who is Bill Drayton?

2.What made him start this

business?

3.What motivated him to become an

ASHOKA entrepreneur?

4.What skills and habitat Helped

him to become successful?

5..What are the difficulties and

failures he faces as a social
entrepreneur?

(Author, 2020) 14
          Social Entrepreneur  
 Aspect of Entrepreneurs Reflect
Personality Enthusiasm
Energetic

Motivation
Financial rewards
Family security

Mind set
Communication
Learn from failure

(Author, 2020) 15

            Entrepreneur’s Reflect
 ENTERPRENEURSHIP BACKGROUNG

A MINUTE’S PAYS
THE FAILURE OF Market opportunities FOSTER
YEARS FACTORS
Creative thinking
Family background 34%
Lack of natural resources
HINDER
FACTORS High taxes and high competition

52% Traditional Thinking

FAILURE IS NOT THE
OPPOSITE OF SUCCESS
IT’S A PART OF SUCCESS

(Author, 2020) 16

 Entrepreneurs Background          
 Conclusion
Confidence and hard work is
the best medicine to kill the
diseases called failure. It will
make you a successful person
-Dr.A.p.j. Abdul Kalam

Never give up, Today is hard,

tomorrow will be worse but
the day after tomorrow will
be sunshine
-Jack Ma

I knew that If I failed I

wouldn’t regret that, but I
knew the one thing I get
regret is not trying
-Jeff Bezos
17

    Conclusion        
 The Global Entrepreneurship
Africa

North 25.2%
80.2% Asia
America

50.3%
Australia
South
America 60.5% 40.2%
75.5%

Africa
(GEDI, 2019) 18

      Global Entrepreneurs      
 References
Adams, 2018. Traits of entreprenur. Malasiya: open university malasiya.
Author, 2020. [Online]
[Accessed 07 11 2020].
Neilpatel, 2020. neilpatel.. [Online]
Available at: https://neilpatel.com/blog/become-successful-entrepreneur/
[Accessed 07 11 2020].
Olagunju, 2004. arabianjbmr.
  [Online]
Available at: https://www.arabianjbmr.com/pdfs/KD_VOL_1_6/7.pdf
[Accessed 07 11 2020].
Schumpeter, J., 1965. uickmba. [Online]
Available at: http://www.quickmba.com/entre/definition/
[Accessed 07 11 2020].
Torre, J. J. d. l., 2015. entrepreneur. [Online]
Available at: https://www.entrepreneur.com/article/245628
[Accessed 07 11 2020].
GEDI, 2019. thegedi. [Online]
Available at: https://thegedi.org/global-entrepreneurship-and-development-index/
[Accessed 10 11 2020].
19
THANK
YOU
20