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Entrepreneurial Ventures and Typology

   

Added on  2020-06-03

17 Pages5142 Words267 Views
Entrepreneurship and SmallBusiness Management

Table of ContentsINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................1P1 Entrepreneurial ventures and typology..................................................................................1P2 Similarities and differences between ventures.......................................................................4P3: Impact of micro and small business on economy of a country.............................................5P4 Importance that small businesses and business start-ups in growth of social economy........7PART 2 ...........................................................................................................................................8P5 Successful entrepreneur.........................................................................................................8P6 Way in which several elements affects entrepreneurial behaviour........................................9P7 Impact of Person’s background and past experiences on entrepreneurship........................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13

INTRODUCTION“An entrepreneur is a risk taker, innovator and someone who desire to bring a change.”Hence, entrepreneurship is business which is established by a single individual with a new ideato earn profit and maximise it. In the economy of UK this section contributes a major part so thatthere is growth and development. Federation of Small Business is contributing to boost theperformance of these enterprise so that they can work efficiently. FSB is planning for analysationof all elements which are associated with entrepreneurial business so that there can be aninformation about them for further development. This report consists of all details related toentrepreneurial actions who are on there developing stage. This document is a completejustification for all factors and elements which are related to entrepreneurship. Leaders who arerecognised globally have also been stated in this assignment. PART 1P1 Entrepreneurial ventures and typologyAn Entrepreneur is a person who form a business and run it with every possibility of risk,success, and failures. Despite of risk of failure in their business venture, entrepreneur embraceit,and lesson from experiences (Agarwal, Audretsch and Sarkar, 2010). Entrepreneur planningnew strategies and innovation with limited resources and capital in order to get result knowingsuccess and failure probability.Types of Entrepreneurship-Scalable start up entrepreneurship-Silicon valley Investors and their venture stockholder do start up entrepreneurship.Different from small business, These entrepreneur begin their ventures believing that theirconcept can bring change in world. They attract sponsor aiming those who are as crazy ininvesting in their idea as them- Venture Investors. These entrepreneur recruit worthy andbrightest employees. Repeatable and ascendable business model is are they pursuit. When theymeet their pursuit, their eye on scale needs equally more venture assets to supply rapid increase.Large company entrepreneurship-Large business have a lot of resource e to live in industry. Mostly their innovation andnew services help in developing company which are innovative version of core product.Customer will change, new technical change,new policies and competitors can create pressure1

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