ENTREPRENEURIAL

MINDSET

Presented by: Group 8

 What is Entrepreneurial
Mindset?
Entrepreneurial mindset refers to a
specific state of mind which orientates human
conduct toward entrepreneurial activities and
effects. Individual with entrepreneurial mindset
are regularly interested in possibilities,
innovation and new value introduction.
 MINDSET AND
BEHAVIOR
What is mindset?

A mindset refers to a set of assumptions,

method or notations held by one or more people
or group of people which is so established that it
creates a powerful incentive within these people
or group to continue to adopt or accept prior
behaviors, choices or tools .
 Mind + Set

Mind Set

The ability to Group of things

think and
imagine
 What is Mindset?
According to Dr. Carol Dweck from Stanford
University,US,there are two sets of mindset:

A fixed mindset - people believe that their basic

qualities, like their intelligence or talent,
are simply fixed traits.

A growth mindset - people believe that their

most basic abilities can be developed through
dedication and hard work.
 What is Behavior?

Entrepreneurial Behaviour refers to the way

entrepreneurs act and think. It involves taking
initiative, calculated risk-taking and innovating to
create value. Entrepreneurial behaviour entails
the identification of opportunities and the
proactive implementation of innovative ideas.
 CHARACTERISTICS OF AN
ENTREPRENEURIAL MINDSET

1.Positivity 7. Ownership
2. creativity 8. Receptivity
3. Persuasions 9. Passion
4. Self- motivation 10. Vision
5.Curiosity 11. Self- regard
6.Flexibility
 Ways to develop
Entrepreneurial Mindset

Improve Accept

Stay at the
Value your
present moment
network
Celebrate the
success of others
 Ways to develop
Entrepreneurial Mindset
IMPROVE
•Successful marketers in no way assume that they
comprehend it all.
•They are curious, eager to study, stimulated to improve their
capabilities and in no way stop seeking to become higher and
higher at what they do and who they are.
ACCEPT
•Successful marketers pick out cautiously their emotional
battles and avoid stressing about matters that they can't
trade.
•Successful human beings look for the possibilities inside the
troubles, no longer the alternative.
 Ways to develop
Entrepreneurial Mindset
STAY AT THE PRESENT MOMENT

•Successful entrepreneurs by no means obsess

approximately the beyond errors: they learn from the
past and flow on. •Successful entrepreneurs deal with
the present moment.
VALUE YOUR NETWORK
•Successful marketers work difficult to construct strong
community and assist system and price all their
connections.
•They are equipped to enlarge their community and
support their connections with other.
 Ways to develop
Entrepreneurial Mindset
CELEBRATE THE
SUCCESS OF
OTHERS
•They are happy to see that other
human beings be successful, due to the
fact entrepreneurship is all
approximately achieving some thing
superb that may be useful for anyone, no
longer only for one individual.
 The Importance of
Entrepreneurial Mindset

• To cope with the rapidly

changing economy

• To build an entrepreneurial
society
• To encourage innovation and
growth
Ineffective Entrepreneurial
Mindset
• Don’t care attitude
• Not being meticulous/ takes thing
for granted
• Passing the buck
• Wait and see
• Non-punctuality
• Subsidy mentality
• Ask more, give less
Effective Entrepreneurial
Mindset

• Understand what motivates you

• Know what you love
• Challenge yourself
• Reversal Thinking
• Change your habit
• Always believe that you can
• Break away from norms
 SOCIAL
ENTREPRENEURSHIP

Social entrepreneurship is the

use of the techniques that start
up companies and other
entrepreneurs to develop, fund
and implement solutions to social,
cultural, or environmental issues.
 HISTORY OF SOCIAL
ENTREPRENEURSHIP
• Social Entrepreneurship is relatively a new term. It came in to
notice just a few decades ago. But its usage can be found
throughout the history. In fact, there were several entrepreneurs
who established social entrepreneurs to eliminate social
problems or bring positive change in the society. Vinoba Bhave,
the founder of India's Land Gift Movement, Robert Owen, the
founder of cooperative movement and Florence Nightingale,
founder of first nursing school and developer of modern nursing
practices might be included in this category. They had
established such foundations and organizations in 19th century
 Focus Areas of Social
•
Entrepreneurship
Enhance a person's ability to improve her or his
economic well-being and personal dignity
through opportunity.
• Harness aid to be more accountable,
transparent and solutions-oriented, for lasting
development.
• Enable access to and ensure use of reliable,
affordable and appropriate healthcare in
disadvantaged populations.
• Address issues of sustainable productivity not
 Focus Areas of Social
Entrepreneurship
• Lay the foundation for peace and human
security.
• Harness the capital and consumer
markets that drive change by considering
all costs and opportunities.
• Transform the way water is managed and
provided, long-term, for both people and
agriculture
 Role and Importance of Social
Entrepreneurship
• Employment Development - The first major economic
value that social entrepreneurship creates is the job
and employment Estimates ranges from one to seven
percent of people employed in the social
entrepreneurship sector.
• Innovation / New Goods and Services - Social
entrepreneurs develop and apply innovation important
to social and economic development and develop new
goods and services. Issues addressed include some of
the biggest societal problems such as HIV, mental ill-
health, illiteracy, crime and drug abuse which,
 Role and Importance of Social
Entrepreneurship

• Equity Promotion - social entrepreneurship

fosters a more equitable society by addressing
social issues and trying to achieve ongoing
sustainable impact through their social mission
rather than purely profit-maximization. Another
case is the American social entrepreneur J.B.
Schramm who has helped thousands of low-
income high-school students to get into tertiary
education.
 Social
• Entrepreneur
A social entrepreneur is somebody who
takes up a pressing social problem and
meets it with an innovative or path
breaking solution. Since profit making is a
secondary objective, therefore they are
people who are passionate and
determined about what they do. They
possess a very high level of motivation
 Qualities of Social
Entrepreneurs
• Ambitious: Social Entrepreneurs tackle major
social issues, from increasing the college
enrollment rate of low-income students to
fighting poverty.
• They operate in all kinds of organizations:
Innovative nonprofits, social-purpose
ventures, and hybrid organizations that mix
elements of nonprofit and for-profit
 Qualities of Social
Entrepreneurs
• Mission driven: Generating social value not wealth-
is the central criterion of a successful social
entrepreneur. While wealth creation may be part of
the process, it is not an end in itself. Promoting
systemic social change is the real objective.
• Strategic: Like business entrepreneurs, social
entrepreneurs see and act upon what others miss:
opportunities to improve systems, create solutions
and invent new approaches that create social value.
 Qualities of Social
Entrepreneurs
• Resourceful: Because social entrepreneurs operate within a
social context. rather than the business world, they have
limited access to capital and traditional market support
systems. As a result, social entrepreneurs must be skilled
at mobilizing human, financial and political resources.
• Results oriented: Social entrepreneurs are driven to
produce measurable returns. These results transform
existing realities, open up new pathways. for the
marginalized and disadvantaged, and unlock society's
potential to effect social change
 Difference between
Entrepreneur and Social
• An entrepreneurEntrepreneur
is someone who creates and runs
a business, typically with the goal of making a
profit. They identify opportunities in the market,
develop innovative products or services, and build
a team to execute their vision.
• A social entrepreneur, on the other hand, also
creates and runs a business, but their primary
goal is to address a social problem or create a
positive impact on society. They use business
principles and strategies to achieve their social
 Difference between
Entrepreneur and Social
Entrepreneur
 Problems facing by Social
Entrepreneurs
• A social entrepreneur is
someone who uses
business principles and
strategies to address
social problems and
create positive change
in society.
Thank
You!