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The Different Types of Entrepreneurial Ventures

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Added on  2020-06-05

The Different Types of Entrepreneurial Ventures

   Added on 2020-06-05

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ENTREPRENEURSHIP
The Different Types of Entrepreneurial Ventures_1
Table of ContentsINTRODUCTION .........................................................................................................................1TASK 1............................................................................................................................................1P1. Different types of entrepreneurial ventures and relation with typology of entrepreneurship.....................................................................................................................................................1P2 Similarities and difference between entrepreneurial ventures...............................................3TASK 2............................................................................................................................................4P3 Small and micro business impact on the economy................................................................4P4. Importance of firm start-up's and small business to growth of social economy...................7TASK 3............................................................................................................................................8P5. Skills, characteristic and traits of entrepreneurs...................................................................8P6 Entrepreneurial personality reflect entrepreneurial mind-set and motivation.......................9TASK 4..........................................................................................................................................11P7 Experience and background of entrepreneur foster and finder entrepreneurship................11CONCLUSION ............................................................................................................................11REFERENCES..............................................................................................................................13.......................................................................................................................................................14
The Different Types of Entrepreneurial Ventures_2
The Different Types of Entrepreneurial Ventures_3
INTRODUCTION Entrepreneurship is identify as an effective process of running, planning, launching anddesigning a new business operation in a systematic manner (What is Entrepreneurship?, 2017). Ithas been determined as the willingness and capacity to create, manage and conduct a businessventure without any kind of risk or difficulty in order to make maximum turnover and profit. It isa best activity undertaken or sized by an entrepreneur to develop and to establish a newcompany. Entrepreneurship is an act of change over the ideas of starting a business into itsimplementation. It is describe as an outcome of complex psychological, social-economic, legal,technological and many other factors. In nature it is a risky and dynamic process which isessential for the company to achieve desired goals and objectives in an effective manner (Acs,Autio and Szerb, 2014). This report discussed about the different kind of entrepreneurial ventureand its connection with types of entrepreneurship. Difference and similarities between variousentrepreneurial ventures also shown in this project. Micro and small business effect on theeconomy in direct and indirect way, it is described in this report. Entrepreneurs skills,characteristic, personality and traits reflect its motivation and mindset which is also shown in thisstudy. TASK 1P1. Different types of entrepreneurial ventures and relation with typology of entrepreneurshipEntrepreneurship: It is identify as an essential process of running and developing newbusiness which is small in nature. It is design and plan by an entrepreneur who are capable inorder to achieve long term and desire objectives of them. They have creative and unique ideasrun new enterprise venture that motive towards fulfilling the desire and requirement of public ina proper way. Essentially, an entrepreneur integrate three force of production including, naturalor land, capital and labour factors for venture. There are some kind of entrepreneurial venture which are described as below: Small-Business entrepreneurship: This kind of business is mainly established by anentrepreneurial venture in a systematic manner. These are managed, owned and operated by anindividual proprietor (Awogbenle and Iwuamadi, 2010). Most of the start-up's are thoughtful as asmall business as they never take more human and financial resources as its opening step. In theUnited kingdom, different start-up's are silent small-business with a motive of supporting their1
The Different Types of Entrepreneurial Ventures_4

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