This document provides an overview of entrepreneurship and entrepreneurial characteristics. It defines an entrepreneur as someone who creates a new business facing risk and uncertainty to achieve profit and growth by identifying opportunities. The document discusses how entrepreneurs drive creative destruction and innovation in the economy. It then profiles common entrepreneur traits like tolerance for risk, self-reliance, and determination. Finally, it provides an example of an entrepreneur who started a successful business making accessories for e-readers.

1. Foundations of
Entrepreneurship
Entrepreneurship & Leadership

2. Arslan Ali
• BSc Electronic Engineering
• Faculty of Engineering, Islamia University of
Bahawalpur

3. Overview
• A Definition
• My Hypothesis
• Study/ Research
• Entrepreneurial profile
• Qualities of an Entrepreneur
• Benefits of Entrepreneurship
• Decoding the DNA of the
Entrepreneur
• Characteristics of Entrepreneurs
• Inspiration/ Story

4. “To business that we
love we rise betime,
And go to’t with
delight.”
- William Shakespeare

5. • An entrepreneur is one :
• who creates a new business in the face of risk and uncertainty for the purpose of
achieving profit
• and growth by identifying significant opportunities and assembling the necessary
resources to capitalize on them.
What Is an Entrepreneur?

6. The process of creative destruction,
in which entrepreneurs create new
ideas and new businesses that make
existing ones obsolete, is a sign of a
vibrant economy.
One reason the U.S. economy has
been so successful over time is
constant churn.
and upend entire industries with their
creativity and ingenuity.
Hypothesis

7. Percentage of Start-Up
Companies in the United
States
(Source: Business Dynamics Statistics Data Tables: Firm
Characteristics, U.S. Department of Commerce, U.S.
Census Bureau, 2013,)
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
17%
14%
12.80%
11.10%
12.40%
12.75%
11.70%
11.20%
10.80%
11.40%11.30%
10.30%
9.01%
9.70%
10.10%10.20%
8.10%8%
Sales

8. “The Entrepreneurial Personality”
Researchers are trying to paint a clear picture of “the
entrepreneurial personality” over the few decades.
Several characteristics entrepreneurs tend to exhibit,
none of them has isolated a set of traits required for
success.

9. Desire for
Responsibility
Preference for
Moderate Risk
Self-Reliance Confidence in their
Ability to Succeed
Entrepreneurial
Profile
(1/2)

10. Determination Desire For
Immediate Feedback
High Level Of
Energy
Skill At Organizing
Entrepreneurial
Profile
(2/2)

11. Most Important
Qualities of an
Entrepreneur

12. OPPORTUNITY TO CREATE YOUR
OWN DESTINY
oOpportunity to achieve what is important
oEntrepreneurs want to “call the shots” in
their lives, and they use their businesses to
make that desire a reality.
o“Owning your own business means you have
some say in deciding what your destiny is
going to be”
OPPORTUNITY TO MAKE A
DIFFERENCE
o Achieving social goals that are important to
them as individuals.
oLow-cost, sturdy housing for families in
developing countries or establishing a recycling
program to preserve Earth’s limited resources,
oFinding ways to combine their concerns for
social issues and their desire to earn a good
living.
The Benefits of Entrepreneurship

13. Decoding the DNA of the Entrepreneur

14. Decoding the DNA of the Entrepreneur(2/2)
Opportunistic mindset
One of the hallmarks of entrepreneurs is their ability to spot opportunities where
others do not. They know that although disruptions create problems, they also create
opportunities for those who are prepared to capitalize on them.
Tolerance of risk and failure
Most people are risk averse. Most entrepreneurs don’t take extraordinary risks, but they
accept risk as a natural part of achieving big goals.

15. High Degree Of
Commitment
Tolerance For
Ambiguity
Creativity Flexibility
Resourceful Tenacity
Characteristics
That
Entrepreneurs
Tend To Exhibit

16. Patrick Mish: M-Edge Accessories
• PhD in aeroacoustics from Virginia Polytechnic Institute .
• Northrop Grumman; creating the next generation of super-stealthy destroyers.
• Spend time with corporate bureaucracy but dreamed of owning a business of his own
• first e-readers on the market and discovered that there were very few accessories to
enhance its use
• Realizing that he needed sales experience, Mish left his engineering job, sales
representative for a small IT firm before leaving to operate M-Edge full time.
• Mish; starting a business was not a huge risk because he had taken the necessary steps
to prepare himself to be a successful entrepreneur.
• Today, M-Edge generates more than $37 million in annual sales of e-book accessories
Inspiration/ Story Time

17. Thank You
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Email
arxla9@gmail.com
Phone
+92301-2516166