Entrepreneurial Ventures: Types, Similarities, Differences, and Impact on Economy

Entrepreneurial ventures
INTRODUCTION
Entrepreneurship refers to the
process where individual
performer multiple task for new
business development and
facing many challenges, risk for
creating profit and develop their
individual other people growth.
MAIN BODY
Various types of entrepreneurial ventures, and they
relate to the typology of entrepreneurship
Entrepreneur:
Individual who wants to start new business
with innovative idea is called as entrepreneur. They
have great sense about multiple areas which require
for business plan, faces multiple risks like financial,
self-respect, family forces and many more, But they
have potential to set effective goal accomplishment
(Williams, and et,al., 2021).
Entrepreneurship:
Entrepreneurship individual who set new
business and implement requires business activities,
and they have power to expand new start-up with
effective manner. They usually believe in
development of new goods and services ion the
market.
Entrepreneurial venture:
Entrepreneur venture concept refers to that
when company or firm pursue innovation, expansion,
new opportunities for generates profitably and success
for particular task. Examples like social, imitator,
large company, small company entrepreneur and
many more (Wimalasena, and et.al., 2021).
The similarities and differences between
entrepreneurial ventures
 Similarities in different
entrepreneurial venture like social
entrepreneur and profit generates
entrepreneur both gave different
opinion and thought process.
 Social entrepreneur mainly finds
opportunities, and they consider
maximizing good environment
first.
 But the other almost entrepreneur
start new business for profit
generate and sources of income
(Klimas and et.al., 2021).
 Small business entrepreneur and
medium business entrepreneur also
has differences perception and
activity because small
entrepreneurial venture develop
their business activity with limited
employee and medium
entrepreneur has good amount of
employee so management of both
enterprises requires different rules
and regulation, risk, financial
aspects are also different.