Issues in Small Business and Entrepreneurship

Issues in Small
Business and
Entrepreneurship

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY ..................................................................................................................................3
‘Small Business growth is solely dependent on the skills of the entrepreneur and their attitude
towards risk.' Discuss. ................................................................................................................3
Nature and complexity of small business enterprise in the context of prevailing conditions in
both the UK and a global context................................................................................................5
Determinants of business growth and analyse alternative theories on the entrepreneurial
process.........................................................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

Project title :
‘Small Business growth is solely dependent on the skills of the entrepreneur and their
attitude towards risk.'
INTRODUCTION
Literature review is a survey which is trough certain sources like books, journals, articles
etc. these are related with specific topic and research question. In literature review, investigator
researched about the research objectives question which are discussed in the research report. It is
the written part of research, dissertation (Gupta, Wieland, and Turban, 2019). In order to
analyses the work. The title of this literature review is small business is solely dependent on the
skills of entrepreneur and their attitude towards risk. This report covers the nature and
complexity of small business enterprise in the conditions of UK country and in a global context.
There is also a discussion of evaluation of determinants of business growth. Also there is the
analyses of alternative theory on the entrepreneurial process.
MAIN BODY
‘Small Business growth is solely dependent on the skills of the entrepreneur and their attitude
towards risk.' Discuss.
According to the views of Sayal (2021), Entrepreneur is the French word which means
“To undertake”. Now in this era, this term is applied to the person who is starting up of new
businesses and enterprise. Then next is Entrepreneurship is refers to the recognition of
opportunities like demands, wants, challenges and issues. There is a use of innovative ideas and
innovation which are to be used for new businesses, thoughtfully and planned venues. An
entrepreneur is an individual who is engaging into entrepreneurship. In context of UK economy,
it has given more importance to small and medium enterprises in today era. According to the
research small business enterprises fail within 2 years and has set up 50% in 5 years (Role of an
Entrepreneur in the success of an SME, 2021). Even, small medium enterprises has lead to
increase in employment rates which has results in increase in GDP rates. According to the
author, it is found that businesses are started off for various reasons, numerous aspirations and
attitudes. Researcher now a days focusing on small business growth and the role of small
business owners and business man. It is argued that small businesses growth is mainly depends
on skills of entrepreneur and their capability. As this argument is true because it depends truly on