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Small Business and Micro Entrepreneurship in the Social Economy

   

Added on  2020-10-23

15 Pages4896 Words276 Views
Entrepreneurship and SmallBusiness Management

Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 Examine different types of entrepreneurial venture and how they relate to the typology ofentrepreneurship..........................................................................................................................1P2 Similarities and differences between entrepreneurial venture...............................................3LO 2.................................................................................................................................................5P3 Interpret relevant data and statistics that how micro and small business impact on economy.....................................................................................................................................................5P4 How small business and start-ups contribute to growth of the social economy after Brexit.6LO 3.................................................................................................................................................7P5 Characteristic, skills and traits of two successful entrepreneurs............................................7P6 How aspects of entrepreneurial person ability reflect on motivation and mind-set..............9LO 4.................................................................................................................................................9P7 How background and experience can hinder or foster entrepreneurship...............................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12

INTRODUCTIONEntrepreneurship considers innovative functions and operations in different areas of theworld that assists to organise and manage business venture through risk taking. Entrepreneurshipis the most important process to develop social, environmental and economic growth. It is thesetting of implementing new sources and creates new productive product or services for thebetterment. (Kuratko, Morris and Schindehutte, 2015).In the present study, discussion on successful entrepreneurs have been done with theirinnovative characteristic, traits and skills. It creates opportunity to learn and gain knowledgewith accomplishment of goals and objectives. In the society, it prosperous to reward andencourage entrepreneurial activity to gain level of success, prosperity, growth and opportunity.For gaining insight information of the present report, it covers different types ofentrepreneurial venture and typology of different entrepreneurship program. Furthermore, itdemonstrates similarities and differences between successful entrepreneurial venture. Moreover,it explains about characteristic, skills and traits of successful entrepreneurs and their abilitywhich reflect on motivation and mind-set. At last, it explained about background and experiencewhich helps to hinder or foster entrepreneurship program in successful manner. LO 1P1 Examine different types of entrepreneurial venture and how they relate to the typology ofentrepreneurshipWho is an entrepreneur ...?There are different types of entrepreneur venture which is based on different concepts.Such as small, big, social, freelancer etc.. It is responsible to take all risks and rewards inbusiness venture (Kuratko, Hornsby and Hayton, 2015). Different entrepreneurial venture andtypology of entrepreneurship explained under here:Entrepreneurial ventureSmall business entrepreneurship: Small business entrepreneurship consist ofdifferent sectors such as grocery stores, consultants, travel agents, internet commercestore fronts, electricians, etc. Enterpenure can run business with own managementand effectiveness. Generally, they hire local employees and family members that bare1

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