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Entrepreneurial Ventures and Entrepreneurial Mindset

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Added on  2022-11-24

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This report explores different types of entrepreneurial ventures and their relation to entrepreneurship. It examines the similarities and differences among entrepreneurial ventures. It also assesses the impact of micro and small businesses on the economy and explains the importance of small businesses and start-up businesses to the growth of the social economy. Additionally, it determines the traits and skills of successful entrepreneurs that differentiate them from managers.

Entrepreneurial Ventures and Entrepreneurial Mindset

   Added on 2022-11-24

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Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
P1. Examination of different types of entrepreneurial ventures as well as explanation of
relation of entrepreneurship.........................................................................................................1
P2. Exploration of similarities as well as differences among entrepreneurial venture................2
P3. Interpretation and assessment of data as well as statistics to illustrate impact of micro and
small business on economy.........................................................................................................3
P4. Explanation of importance of small businesses as well as start-up business to growth of
social economy............................................................................................................................5
P5. Determination of trait and skills of successful entrepreneur that helps them to differentiate
from managers.............................................................................................................................6
P6. Assessment of different aspect of entrepreneurial personality reflect motivation and
mindset.........................................................................................................................................7
P7. Examination of using relevant example and background as well as experience which can
hinder or foster entrepreneurship.................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................11
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INTRODUCTION
Entrepreneurship refer to process of introducing, designing and operating business. A person
who attract this business by taking risk in market and also earn profit by utilisation resources
(Brännback and Carsrud, 2016). There are different types of business based on their size
including large, small, social and scalable companies. This project report include exploration of
different types of venture and typology of entrepreneur as there are various types include private
and public, small and large organisation, scalable and social. It includes impact of small business
on economy of country as business boost economy as it contributes in various trading activities.
It also includes determination of key aspect of entrepreneurial aspect. It includes discussion of
different environment hinder in entrepreneurships.
MAIN BODY
P1. Examination of different types of entrepreneurial ventures as well as explanation of relation
of entrepreneurship
Types of Entrepreneur Venture: There are different types of entrepreneurship which include
serial entrepreneur, entrepreneur and many more (Celuch, Bourdeau and Winkel, 2017). These
entrepreneurial ventures are mentioned below:
Serial Entrepreneur: These entrepreneurs are worked for starting a business and they
lead as well as growth other business after enterprise. This include handling multiple
enterprise which are assist for promotion as well as running good results at organisation.
Intrapreneur: Intrapreneur refers to employees who are hired by organisation for
completion of special task or any project which is conducted for given freedom as well as
time. For completion of these task and project, employers provide complete authority and
resource to employees. These employees are resposnble for task and projects given to
them as well as they also have capabilities for working as entrepreneur for these projects.
Relation to entrepreneurship typology
There are different types of Entrepreneurship typology including, small business
entrepreneurship, large company entrepreneurship, Social entrepreneurship and Scalable start-up
entrepreneurship (Cooper, 2017). These typologies of entrepreneurship are mentioned below:
Small Business Entrepreneurship: There are various numbers of small business in a
country as it is easy to establish small business as it helps people to provide support to
1
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