P1. Different Types of Entrepreneurship Ventures

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ENTREPRENEURSHIP
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1. Different types of entrepreneurship ventures and relate it with typology........................1P2. Similarities and differences between entrepreneurial ventures........................................3M1. Diverse range of entrepreneurial ventures for public and corporate sector....................4D1. Scope, development and growth of entrepreneurial ventures..........................................5LO2..................................................................................................................................................6P3. Small and micro enterprise affects on the country economy...........................................6P4. Significance of little and start –ups business will participate for the development ofeconomy after the ‘Brexit' crisis............................................................................................8M2. Differentiate between the micro, medium and big enterprise make to the countryeconomy with the help of statistics data................................................................................9D2. Small businesses affects the on different stages of country economy such as in a localand international, regional and national...............................................................................10LO3................................................................................................................................................10P5. Identifies the characteristics, and skills, traits the great entrepreneurs.........................10There are important characteristics and skill or traits discuss in followings:......................10P6. Entrepreneurial personality reflects entrepreneur motivation and mind-set..................11D3........................................................................................................................................12LO4................................................................................................................................................12P7. Aspect and experience of the foster entrepreneurship..................................................12M4. Entrepreneurial characteristic and motivate of their personality to other and specificexperience of their life..........................................................................................................13D4. Background and experience motivate entrepreneurs in both ways positive and negative13CONCLUSION.............................................................................................................................13
INTRODUCTIONEntrepreneurship defines as innovation and creativity. It also helps to gain success todevelop significant advantages. With the help of innovation and creativity, people are motivatedto do their work in systematic way. They make their efforts to develop new business with goodsand services. Main advantages to people who consider innovation is that they have freedom topursue their own vision (Braunerhjelm, Ding and Thulin, 2018).Present study is based on case study of Joe woods who is successful owner of ITbusiness. This enterprise mainly facilitates with several numbers of companies who processcredit, debit card payment from vendors. There are different kinds of ideas promoted torecognise Joe and senior managers in the particular company.The present report helps toincludeexamination of the different kinds of entrepreneurialventures that can be relate withit with typology of entrepreneurship. Furthermore, it coversskills, traits and characteristics that are needed in successful entrepreneurs those possess differentqualities from the managers.LO 1P1. Different types of entrepreneurship ventures and relate it with typologyEntrepreneurship considers creative and unique ideas that increase significant results inpositive way. Therefore, high profitability and effectiveness will continuously gain to operatesuccessful operations(Trehan, Higgins and Jones, 2018). Following are different types ofentrepreneurship ventures and their typology has been explained to gain desired results:Smallbusinessentrepreneurship: This kind of venture consist their operations as uniqueand innovative entrepreneurial ventures that influence each individual towards theenterprise. As a result, it is important to consist appropriate plan to start venture andassess market competition. There are several businesses exists that perform similar workwho have some small competitors in different areas of the world. For example, it includesgrocery stores, barber shop, travel enterprises, etc. All these kinds of people have skillsthat involves innovative ideas and process in the enterprise. It influences number ofpeople for the firm which impact significantly (Smallbone, Welter and Ateljevic, 2014).Furthermore, it provides opportunities to increase fund and operate functions as well.1
Main typology of this entrepreneurship considered is that entrepreneurs determines theiroperations to accomplish goals as per aims and objectives at small level. Typology of thisentrepreneurship is that every individual perform function to feed their family member.Saleablestartupentrepreneurship: Furthermore, saleable entrepreneurs determines theirinnovation with attraction of several number of customers together. In order to implementeffective results, favourable idea has been promoted to attain more innovations.Opportunity also increases for entrepreneurs to get high investment and increase brandimage as well. In the particular venture, unique idea has been promoted to get severalnumbers of customers. In this kind of venture, typology has been promoted to provideinnovation and different products to attract customers (Braunerhjelm, Ding and Thulin,2018).Socialentrepreneurship: Moreover, such entrepreneurial ventures assist to provide socialservices in particular community to increase welfare of people. Social entrepreneurshipnot consist for earning profit and revenue. In this regard, typology includes to serveeffectively and efficiently to deal with social group (Kitching, Hart and Wilson, 2015).Serialentrepreneurship: Such entrepreneurs consists of future oriented products andservices to look upon unique elements. As a result, they concentrate on customers’requirements which accomplishes in a systematic manner. In this consideration, typologymainly deals with innovative features and creativity. Hence, successful operationsconsidered to maintain effectiveness (Henry, Foss and Ahl, 2016).Female entrepreneurs: This kind of entrepreneurs possess ideas and opinions to developmore significant advantages to expand business operations. They are mainly focused oninternational market with effective management skills.Lifestyle entrepreneurship: In addition to this, such kinds of entrepreneurs focuses onfuture development activities to handle risk and obtain successful results at workplace. Ithelps to handle risks and concentrate on future development programs (Javalgi, Martinand Van Dyke, 2018).P2. Similarities and differences between entrepreneurial venturesIn order to determine different types of entrepreneurial ventures, certain similarities anddifferences can be seen among entrepreneurs. Hence, it includes following description:2
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