Differences and similarity between entrepreneur venture and family venture

Business

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................1
Differences and similarity between entrepreneur venture and family venture ..........................1
Entrepreneur typologies and different entrepreneur ..................................................................2
CONCLUSION ...............................................................................................................................3
References........................................................................................................................................4

INTRODUCTION
This report will discuss the difference and similarity between the business venture and
entrepreneur venture as on the basis of strategic priority , goals , hiring and other management
practices. Further it will discuss all the major typologies and relation between entrepreneur with
business and entrepreneur venture (Burns, 2016).
MAIN BODY
Differences and similarity between entrepreneur venture and family venture
Entrepreneurial venture Family venture
Strategic prioritise Its priority is to take risk as
they believe that higher the
risk then higher will be the
return. As it helps to make
business successful.
The second priority is to
provide innovative products to
the business in order to
achieve the goals and
objectives.
The basic priority of a family
venture is to earn profit for
improving status or standard of
living. These types businesses
are owned and operated by a
single or more members of a
family who start a business
with a aim of earning profit.
Goals Its goals is to serve the society
and improve the standard of
living by proving various job
opportunity to the people.
Its goals is to earn profit as
they are profit oriented.
Hiring They are hire on the basis of
their entrepreneurial mindset
and unique skills.
They are own on the the basis
of creative mindset with
independent nature . Major
members or part of these