ENTREPRENEURSHIP

By :
JACQUELINE
Unit I
Fundamentals of
Entrepreneurship
Topic : Entrepreneurial Traits
ENTREPRENEURIA
L TRAITS
BEING SELF-MOTIVATED AND SELF-
CONFIDENT
 TRAITS
A trait is something about you that makes you "you."
A trait, as related to genetics, is a specific characteristic of an
individual.
ENTREPRENEURIAL TRAITS
A successful entrepreneur always holds an extremely strong sense of self
along with passion and resilient nature.
Having numerous problems to overcome, being self-motivated and self-
confident are the key traits that make most entrepreneurs successful.
Entrepreneurial traits are the typical characteristics, abilities and thought
patterns associated with successful entrepreneurs. While some entrepreneurs
are born with these traits, others can develop them.
 “ENTREPRENEURS ARE BORN, NOT
MADE”
This captures the idea that entrepreneurial ability is largely determined by a
person's inborn characteristics.
Being an entrepreneur requires specific skills. While some
abilities might be naturally present, others can be learned or
developed through careful practice.
IMPORTANCE OF ENTREPRENEURIAL
TRAITS
Adaptability Creativity
Money management Passion

Tenacity Motivation

Decision Making Service Knowledge

Persuasiveness Ability to network

Risk-taking Self-confidence

Goal Mindset Optimism

Vision
• Creativity : Becoming an entrepreneur starts with an idea. Creativity helps you spot
business opportunities in everyday life. You need to see opportunities, find innovative
ways to do things and bring solutions to the public.

• Passion : Passion is what drives entrepreneurs. They usually love what they do, and this
helps them invest their time in their projects.

• Motivation : Motivation is the will to accomplish certain things. Entrepreneurs are

driven to make their business a success and push themselves.

• Service Knowledge : Entrepreneurs know what they have to offer and to whom they
can sell it. Clearly define the category of products or services you sell and how they
provide value to consumers. Also, study your target clients to make sure you answer their
needs.
• Ability to work : The ability to connect with people and to recognize opportunities for
partnership is crucial to successful entrepreneurship. Meeting new people might facilitate
access to resources or knowledge that your business needs. It allows you to learn from the
success of others, promote your services or goods and meet new clients.

• Self - confidence : Entrepreneurs believe they can achieve their goals. They may have
doubts, but they persevere through them. They are ready to invest in the necessary work
because they are confident they can create something better than what already exists.

• Optimism : Optimism supports creativity, so it helps business leaders find new ideas for
their products or services and increases their chances of success.

• Vision : Entrepreneurs see a big picture they wish to accomplish, which fuels their efforts
and pushes them to do more.
• Goal mindset : Entrepreneurs are goal-oriented. They know what they want to achieve,
set a goal and work toward that objective. Determination is vital to overcoming possible
challenges, and it also inspires trust from the people who work with you .

• Risk Taking : Entrepreneurs are ready to take risks. They plan for the unknown so they
can make calculated decisions that are profitable for them and their business. Once you
know how you can manage risk and grow from disappointments, you may become more
comfortable with challenging yourself.

• Persuasiveness : Entrepreneurs know their business and how to talk about it to people.
They need to persuade others to believe in their idea.

• Decision Making : Entrepreneurs need to make quick decisions and take action for the
success of their business.
• Tenacity : Entrepreneurs overcome challenges. They persevere through difficulties and hold
on to their goals and dreams.

• Money management : Entrepreneurs need to understand the financial situation of their

business. Even if they hire a specialist like an accountant, they are the decision-maker and
must know their situation to run the business successfully.

• Adaptability : Entrepreneurs need to understand the financial situation of their business.

Even if they hire a specialist like an accountant, they are the decision-maker and must know
their situation to run the business successfully.
 TOP 5 MALE
ENTREPRENEURS
 Entrepreneurs

Bill Gates Mark Zuckerberg Jeff Bezos Elon Musk Steve Jobs
 WILLIAM
HENRY GATES
III
WILLIAM HENRY GATES III IS AN AMERICAN
BUSINESS MAGNATE, INVESTOR, AND
PHILANTHROPIST. HE IS BEST KNOWN FOR CO-
FOUNDING SOFTWARE GIANT MICROSOFT, ALONG
WITH HIS LATE CHILDHOOD FRIEND PAUL ALLEN.
 MARK ELLIOT
ZUCKERBERG
An American business magnate, internet entrepreneur, and
philanthropist. He is known for co-founding the social media website
Facebook and its parent company Meta Platforms (formerly Facebook,
Inc.), of which he is the executive chairman, chief executive officer, and
controlling shareholder
At age 23, he became the world's youngest self-made billionaire.
 JEFFREY
PRESTON
BEZOS
An American entrepreneur, media proprietor, investor, and commercial
astronaut. He is the founder, executive chairman, and former president and
CEO of amazon, the world's largest e-commerce and cloud computing
company. With a net worth of US$125 billion as of April 2023, Bezos is
the third-wealthiest person in the world and was the wealthiest from 2017
to 2021, according to both the Bloomberg billionaires index and Forbes.
 ELON
REEVE
MUSK
A business magnate and investor. He is the founder, CEO and
chief engineer of SpaceX; angel investor, CEO and product
architect of tesla, inc.; Owner and CEO of twitter; founder of the
boring company; co-founder of Neuralink and OpenAI; and
president of the philanthropic musk foundation. Musk is the
second-wealthiest person in the world as of may 2023
 STEVEN
PAUL JOBS
WAS AN AMERICAN BUSINESS MAGNATE, INVENTOR, AND INVESTOR.
HE WAS THE CO-FOUNDER, CHAIRMAN, AND CEO OF APPLE; THE
CHAIRMAN AND MAJORITY SHAREHOLDER OF PIXAR; A MEMBER OF
THE WALT DISNEY COMPANY'S BOARD OF DIRECTORS FOLLOWING
ITS ACQUISITION OF PIXAR; AND THE FOUNDER, CHAIRMAN, AND CEO
OF NEXT. HE WAS A PIONEER OF THE PERSONAL COMPUTER
REVOLUTION OF THE 1970S AND 1980S, ALONG WITH HIS EARLY
BUSINESS PARTNER AND FELLOW APPLE CO-FOUNDER STEVE
WOZNIAK.
Thank You