Entrepreneurial Motivation and Mind-Set - EG Solutions

Entrepreneurship

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Different type of entrepreneurship ventures and their relationship with typology...........3
P2 Similarities and differences between entrepreneurial ventures.........................................4
M1...........................................................................................................................................5
D1...........................................................................................................................................5
TASK 2............................................................................................................................................5
Covered in PPT.......................................................................................................................5
TASK 3............................................................................................................................................6
P5 Characteristics, traits and skills of successful entrepreneurs............................................6
P6 Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation
and mind-set...........................................................................................................................6
M3...........................................................................................................................................7
D3...........................................................................................................................................7
TASK 4............................................................................................................................................7
P7 Impact of the background and experience on the entrepreneurship..................................7
M4...........................................................................................................................................8
D4...........................................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Entrepreneur is a person who is a ultimate strategist at all the levels whether it is
corporate, business as well as functional. Entrepreneur use their appropriate skills along with the
knowledge to do creativity and innovation in their existing products which assist in improving
sales and generating more profit (Kirzner, 2015). Entrepreneurship is defined as a process of
designing, launching as well as running a business which assist in offering a best product. The
present report is based on case study of Elizabeth Gooch and EG Solutions PLC and Tom Mercer
and MOMA Foods (“MOMA”). In the below assignment, discussion upon different types of
entrepreneurial ventures and the way they relate with typology will be done. Moreover, there will
be assessment on the data to illustrate how micro as well as small businesses are having impact
on UK economy.
TASK 1
P1 Different type of entrepreneurship ventures and their relationship with typology
Entrepreneur is a person who starts, organizes and manages an enterprise in a business
with a considerable risk. Entrepreneurial spirit is characterized by doing proper innovation and
risk taking. There are four types of entrepreneurial ventures and these entrepreneurial venture
having a relation with the typology of entrepreneurship. They are:
Types of entrepreneurial ventures Description
Small business entrepreneurship In this entrepreneurship, it includes people who take risk to
start the business and generate more revenue. Person who
starts small scale business does not have any source of
taking loan and only take funds from the family members as
well as friends (Kuratko, 2016). This is related to typology
which is accomplish entrepreneur and in this all
entrepreneur gone through all stages of entrepreneurship
and set up a good business and reap success.
Scalable Start up entrepreneurship This type of businesses is established with a motive to
change the mission as well as vision statement in the whole
world and this business provide the support in attracting and