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Hirani Siddharat Varun Siddhi Moksha Jay Shilen

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Aditi Sunil

Skill of successful entrepreneur

Introduction to Entrepreneurship

STARTING A SMALL BUSINESS REQUIRES A GOOD IDEA, A SOUND PLAN AND INITIAL INVESTMENT CAPITAL. THESE EXPERT ARTICLES WILL HELP YOU DEVELOP YOUR NEW BUSINESS IDEA INTO A STRONG STARTUP VENTURE.

Meaning An individual who, rather than

working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.

Characteristic Realistic Outlook Conceptual Ability Attraction to challenges Its all about customers Need to control and direct Objective Approach Describing in numbers

Soft skill of successful Entrepreneur

Managing perceptions Appreciating the role of other Emotional and intelligence

quotient Integrity in speech and action Strong believe in themselves Motivated to achieve Competitive by nature

Hard skill of successful entrepreneur

Leadership Sale and marketing Technical Administration Creative and innovative Risk taking Ability to change

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Focus Financial knowledge Time management Vision Passion Good communication skill Active listener

Qualities of successful Entrepreneur Be practical Patience Self discipline Independence Take action Determination knowledge

Some advantages Entrepreneurship

Excitement Salary Potential Flexiblity Independence

Some disadvantages Entrepreneurship

No regular salay Work Schedule Adminstration

Entrepreneur test Meaning Entrepreneur test determines if I have the profile of an entrepreneur.

What make an entrepreneur successful a) expressing their opinion b) exploiting key qualities c) getting good health

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Entrepreneur’s Mind

Theories The theory is put forward that

prospective profits must seem very large before an entrepreneurial activity is undertaken. This is reconciled with the fact that the average return from entrepreneurial activity is not characteristically very large and may even be negative.

Frank knights[1885-1972] risk bearing theory

Alfred marshall’s(1980)theory of entrepreneurship

Max Webber Sociological Theory

Conclusion

Entrepreneurs in India are bullish. Enterpreneurship is a critical

element of a growth economy The beginnings are already in

place, steps have been taken in the right direction.

The two different styles of entrepreneurship have emerged.