Entrepreneurial Ventures: Opportunities, Traits, and Mindset

Unit 9
Entrepreneurial Ventures

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1: Investigating the opportunities for entrepreneurial ventures through taking examples........1
P2: Inspecting the traits as well as characteristics which are related to entrepreneurship...........2
M1: Evaluating the resemblance and contrast between entrepreneurial ventures, attributes of
entrepreneurs in those ventures...................................................................................................3
TASK 2............................................................................................................................................4
P3: Explaining the concept of entrepreneurial mindset...............................................................4
P4: Examining the skills and attributes related to entrepreneurial mindset.................................5
M2: Determining the methods in which entrepreneurial mindset can be motivated and what it
can put forward to new ventures..................................................................................................6
D1: Critical investigation of entrepreneurial ventures, the attributes, characteristics and
mentality related with entrepreneurship with the help of examples............................................7
TASK 3............................................................................................................................................7
Covered in PPT............................................................................................................................7
TASK 4............................................................................................................................................7
Covered in PPT............................................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
The entrepreneurship is defined as the practice of bringing innovative ideas in order to bring
change and taking the risk (Aldrich, 2017). The entrepreneurs are considered as the source of
innovative operations and they help the society by creating the several job opportunities. The
entrepreneurship is starting the business venture with different mind-set and providing the
products or services in an innovation way to the customers. An entrepreneur is an individual who
is able to create or invest within the business. It is very important for an entrepreneur to have
innovative ideas which leads to creation of the products in different way. In order to become a
successful entrepreneur there are various skills required which is most important to conduct the
business operations effectively.
This report includes various kinds of entrepreneurial ventures, traits and attitude of
entrepreneurs that help the individuals to become successful.
TASK 1
P1: Investigating the opportunities for entrepreneurial ventures through taking examples
It is very important to understand that there are various key aspects which need to be
considered in order to be an entrepreneur (Nambisan, 2017). There are various qualities which
are required within an individual in order to start a business venture. An individual should have
the ability to think in a different way of the products or services which can help the society.
Becoming an entrepreneur is not an easy task as it requires the various abilities and skills.
Scope of entrepreneurial ventures depends upon their geographical location, formation and
dimensions. The various types of entrepreneurial ventures in connection to their dimension and
formation are explained underneath:
 Small business entrepreneurship: This is the kind of entrepreneurship created by the
individual in order to make small profits in order to make the modern lifestyle for their
families. This is the type of business venture which is started by an individual with the
short term goals in order to gain profits. This includes the small startup such as opening
of a shop. For example, Davison Canners is a small business entrepreneurship. This is the
business venture which is owned by the individual and their family members. The
company deals in the bakery products where the company is focusing on developing the
good customer relationship by maintaining the quality of the products and its services.
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