Your SlideShare is downloading. ×
Entrepreneurs and enterprise skills
Upcoming SlideShare
Loading in...5

Thanks for flagging this SlideShare!

Oops! An error has occurred.


Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

Entrepreneurs and enterprise skills


Published on

An overview of the characteristics of successful entrepreneurs

An overview of the characteristics of successful entrepreneurs

Published in: Business

  • Be the first to comment

No Downloads
Total Views
On Slideshare
From Embeds
Number of Embeds
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

No notes for slide


  • 1. Entrepreneurs & Enterprise Skills
  • 2. What is an entrepreneur? “ A person who organises, operates, and assumes the risk for a business venture” “ A person who takes the risk in starting a new business ”
  • 3. Questions that Entrepreneurs ask (1)
    • Do I have a clear idea about the vision for the business?
    • Am I really determined and committed to making the business work?
    • Do I appreciate and accept the personal challenges and sacrifices that I will have to make?
    • Can I handle the inevitable feeling of isolation and insecurity that a start-up brings?
    • Can I afford to fail? What are the financial implications if the business does not succeed?
  • 4. Questions that Entrepreneurs ask (2)
    • Will customers really buy the product, assuming that I get it right?
    • Who already provides this product (or something similar) and can I do it better or cheaper?
    • How will I know if the business is succeeding or failing?
    • Is my business plan sufficiently realistic, particularly in terms of cash flows and likely start-up losses?
    • Can I access the resources (cash, supplies, distribution) that are needed to make the idea work?
    • Do I need to obtain legal protection for the idea?
  • 5. Important enterprise skills
    • Planning
    • Leadership
    • Making connections
    • Decision-making
  • 6. Planning
    • Put together a thoughtful, realistic business plan
    • Have an honest view of the business strengths and weaknesses
    • Anticipate future problems & risks
    • Have some contingencies in place (things do go wrong)
    • Revise plans to take account of actual events
  • 7. Leadership
    • Need to be seen to be leading from the front
    • Persuasive and decisive
    • Need to convince others – new employees, investors
    • Good judgement also a key part of leadership
  • 8. Making connections
    • Important to think through the implications of key decisions
    • One decision or idea leads to another – e.g. new product = more marketing
    • Mind maps useful way of capturing the thinking
  • 9. Decision-making
    • Little room for being indecisive
    • Decisions often taken using incomplete information & gut feel
    • Important to be able to recognise when things are going wrong and act
    • Not much room for committee-style decisions; entrepreneur is often alone
  • 10. Successful entrepreneurs are
    • Passionate
    • Visionary
    • Energetic and driven
    • Self-starting and decisive
    • Calculated risk-takers
    • Multitasker s
    • Resilient
    • Focused
    • Results-orientated
    Will King(King of Shaves) Sophi Tranchell (Divine Chocolate)
  • 11. Keep up-to-date with business stories, resources, quizzes and worksheets for your business course. Click the logo!