Entrepreneurial Ventures: Types, Impact on Economy, and Skills of Successful Entrepreneurs

Entrepreneurial
ventures

Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY..................................................................................................................................4
ACTIVITY 1...................................................................................................................................4
Types of entrepreneurial ventures and their relation with typology............................................4
Analyses similarities and differences between entrepreneurial ventures....................................7
Analyse, interpretation, and illustrate impact of Small and micro organisation on the economy
.....................................................................................................................................................8
Importance of small and start-up businesses in growth of social Economy..............................11
ACTIVITY 2.................................................................................................................................12
Analyse Trait and skills of successful entrepreneurs that differentiate them from other business
managers....................................................................................................................................12
Evaluate how aspects of entrepreneurial personality can affect entrepreneurial motivation and
their mind sets............................................................................................................................15
Evaluate with the help of relevant examples and discuss how the background and experience
can hinder and foster the entrepreneurship................................................................................16
CONCLUSION..............................................................................................................................16
References......................................................................................................................................17
Books and journals:...................................................................................................................17

INTRODUCTION
An entrepreneur is known to build and create an innovative business which gives a Society new
experience about unique products and services. So that entrepreneurship is also known as
designing, creating and regulating all the business activities in an effective manner so that
common the enterprise will make success into the largely competitive market. These
entrepreneurs are said to be innovative and dedicated towards their work in order to maximize
their profits an exploit the market share by leading Technologies and contributing capital within
the business (Chao,. and Biao, 2019). This report will present the community of local business
by showing various types of entrepreneurship and their similarities. Also how these
entrepreneurs are related with typology. The report will analyses and interpret the impact of
small and micro organization into the economy and various characteristics and trait of great
entrepreneurs will explain in this report.
MAIN BODY
ACTIVITY 1
Types of entrepreneurial ventures and their relation with typology
Entrepreneurship is a kind of position that hold by individual who has great capability to
capture the market opportunities in order to to make profit and contribute in to economy. The
Enterprises runs by many entrepreneurs who have settled a great example of running business in
an effective way by adopting technology and providing unique products and services to the
society and people. The entrepreneurship contains various business practices and strategies of
planning organizing and monitoring the practices. There are various kind of entrepreneurship
which are presented underneath:
Serial entrepreneurs: these entrepreneurs have a great deal of being creative and innovative in
whatever they do. They have competitive personality and desire to achieve their goals by
adopting various management skills and discipline. So that, serial entrepreneurs look for bigger
expansion and does not stick to only one Enterprise as they certainly come up with the new one.