Entrepreneurial Ventures and Small Business Management

Entrepreneurial ventures
INTRODUCTION
Entrepreneurship is activities related to setting
the business and taking risk to generate profit.
There are different type of entrepreneur that are
small, start-ups, large companies and social
entrepreneurs. Bill gates is a successful
entrepreneur owns Microsoft corporation. This
brand of Gates become one of the largest
software company. Different type of entrepreneurial ventures
Entrepreneur is a person who uses to develop a new firm or business
and bear most of all the risk with this they also get the benefits for
the same.
Entrepreneurship is management of an organization venture to obtain
higher level of profit and taking risk. It can also be defined as
willingness to start a business is the form of small business, social
entrepreneur, large company and scalable start-ups.
Typology of entrepreneurship
There are different type of organization typology of entrepreneurship
that can be used by entrepreneurs to work accordingly.
Any established company Asda store ltd
Large size social venture NHS
High growth firm Google
Type of entrepreneurial ventures
Survival firms: This is the firm who are operating in the market not to
earn profit margin they are just need to stay in the market and perform
its activities as well.
Managed growth firms: This is a specific type of venture which
combine with combine stability with ongoing pursuit of the
opportunities in this business uses to expand but in controlled manner.
Social enterprise: This is a type of business that is having specific
objective in the society that uses to serve the society people on priority
basis.
Similarities and differences between ventures
Creative idea: In every venture whether it is
survival, managed venture or social venture all
type of business entrepreneurship need some
unique and creative idea.
Creating branding name: To work for a
venture to earn profit or to sustain in the market
all need to develop a specific name that can
help the customers to identify the brand in the
market.
ENTREPRENEURSHIP AND SMALL BUSINESS
Management

Micro and Small business impact on the economy
Micro businesses: This is basically very small kind of businesses
having less than nine people to work and low level of turnover as
well.
Small businesses: This is privately own corporation, partnership or
sole proprietorship with less number of employees, this business
are having low revenue earning.
As per the above graph it can be identified that small business in
are having large number of businesses all over the UK market, and
they are also generating large number of employment within the
economy.
Importance of small businesses and start-ups for
growth of social economy
Social economy: This is the cooperative, mutual
organization and the foundation which are formed by
rich diversity of enterprise having different size.
Importance of small business growth and start-
ups
The small businesses are the main element
of the economy as they are helpful in fulfilling the
role in the daily life, social as well as business
demand.
CONCLUSION
This report concludes that the entrepreneurship is to operate in the market by taking risk and earning profit as well. The entrepreneur is the person who is having potential to take the risk and able to work in creative manner. There are different type of venture who are having their separate
goal some need to sustain in the market and whereas some are trying to enhance the profitability. There are different similarities and difference in all the venture as they need to develop a specific name to get the particular identification. Moreover, it concluded that small business are having
high employment rate and low in its turnover.
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