Enterpreneurship & Small Business Management

Entrepreneurship &
Small Business
Management

Table of Contents
INTRODUCTION...........................................................................................................................3
PART 1 “Entrepreneurial Ventures”...............................................................................................3
Different type of ventures...........................................................................................................3
Similarities & Differences among entrepreneurial ventures.......................................................5
Data and statistics which affect small, medium and large business............................................5
Investigate & critically examine scope, growth and development of entrepreneurial ventures
in both public as well as corporate sectors..................................................................................7
Examples for each type of entrepreneurs....................................................................................7
Conclusion...................................................................................................................................8
PART 2 “Entrepreneurial Mindset”................................................................................................8
Scope of entrepreneurship which includes local and global entrepreneur and social enterprise,
difference and similarities...........................................................................................................8
Differences between local and global entrepreneur ...................................................................9
Entrepreneurial traits and characteristics, critically evaluate background & experiences which
can either foster or hinder entrepreneurship................................................................................9
Characteristic traits, skills & motivational drivers of a successful entrepreneurs....................11
Discussion about experience and background of entrepreneurs which influences the
entrepreneurship........................................................................................................................12
Conclusion by comparing & contrasting both entrepreneurs....................................................13
REFERENCES..............................................................................................................................14
Books & Journals......................................................................................................................14

INTRODUCTION
Entrepreneurship refers to a procedure in which a person create its own business with a
creative and innovative idea at the competitive marketplace. Main motive behind introducing
such business is to earn more profit ratio so that they can contribute their sharing in the
development of country. The present report is divided into two main sections where part 1 is
about entrepreneurial venture which includes the impact of various kind of ventures along with
differences & similarities among entrepreneurial venture. In addition to this, UK data and
statistics are going to be evaluated in an effective manner along with the impact of small, large
and medium business entities on the economic system. On the other hand, second part of this
project is about entrepreneurial mindset in which different type of local and global entrepreneur
are going to be discussed along with one social enterprise. Furthermore, traits and characteristic
of two entrepreneurs are discussed in this report which hinder and foster the entrepreneurship.
PART 1 “Entrepreneurial Ventures”
Different type of ventures
Entrepreneurship
Entrepreneurship defined as the process through which it controls and establishes a new
business for the future growth, which is frequently a small business. The people who generate
these businesses for the profit is termed as the entrepreneurs. It refers to the concept in which the
capacity as well as willingness of individual in order to develop, manage and organise business
ventures for earning more profitability. With the help of this, economic system of the country
increases.
Entrepreneurial activity
This is the type of activity which is defined as the process which help in the growth of
economic system of the country. It develops the daily routine task in order to grow and maintain
the business in several methods.
Enterprise
An enterprise is a firm or business which usually a small business that run a company for
starting a new one. It is the defined action which shows the creativity level by proceeding the
risk through investing in a business. It consists of the large number of employees within a small
company.

Basis Serial Entrepreneur Entrepreneur Owner Manager
Meaning It is the single
entrepreneur with
single ideas.
It is the owner of the
company or business.
It is the employee of
the company.
Aim Main aim of such
business organisations
is to develop the
society in an effective
manner.
Its main focus is to
achieve the profit.
It focuses on the
promotion of the
corporate rewards.
Risk It involves high risk. Assumes risk and
uncertainty.
Does not bear any type
of risk.
Ideas Single innovative
ideas .
Large number of
peoples are involved
with innovative ideas.
Various employees
involves with unique
ideas.
Responsibility It gives the
responsibility to the
other people.
Its responsibility
between the several
peoples.
Responsibility is taken
by the manager only.
Typology of Entrepreneurship
It is the term which is used as usually to describe the classifications of the types of their
basis. Hence, it is used in the remainders of this text.
Small size social venture
It is refers to as the small businesses which includes the grocery items, electricians,
plumbers, carpenters etc. They should be hired for the local employees and are most hardly
profitable. Therefore, it involves the start-ups business which leads to the growth of the
company. In addition to this, when starting a new business by taking into vision, mission and
goals for achieving the task. It can easily attracts the investment from the financial investors for
the venture capital. Small start-ups businesses have the large number of competitors which
focuses on the quick expansion towards its growth.