Entrepreneurship and Small Business

Entrepreneurshi
p and Small
Business

Contents
INTRODUCTION...........................................................................................................................................3
Activity 1......................................................................................................................................................3
Brochure..................................................................................................................................................3
Activity 2......................................................................................................................................................4
TASK 3.......................................................................................................................................................4
P5. Determine the characteristics traits and skills of successful entrepreneurs which differentiate them
from other business managers..................................................................................................................4
P6. Analyse the aspects of entrepreneurial personality which reflect motivation and mind-set...............5
M3. Explore different lines of argument relating with business owners characteristics...........................6
D3. Demonstrate traits, skills and motivational drivers of successful entrepreneurs with example.........7
TASK 4.......................................................................................................................................................7
P7. Examine background and experience of business owners that hinder or foster in achieving success 7
M4. Analyse the link between entrepreneurial characteristics that influence personal background and
experience to specific successful entrepreneurs.......................................................................................8
D4.Critically evaluate background and experience which positively or negatively affects in business...8
CONCLUSION...............................................................................................................................................9
REFERENCES..........................................................................................................................................10

INTRODUCTION
Entrepreneurship refers to setting up of an enterprise by taking a huge amount of risk. An
entrepreneur is referred as a person who takes risk to start up a business (Arvanitis and Stucki,
2015). Entrepreneurship as an activity involves the use of creativity and innovation so that a
business can make more profits. There are various types of enterprises which can be classified
into small, medium and large. It involves taking risk and involves determination on the part of an
entrepreneur to succeed against all the odds. This is what makes it different from other activities.
Thus overall as an activity entrepreneurship is quite effective in generating employment as well
as also provides innovative products and services to the customers. In this report, focus will be
made on exploring the various types of entrepreneurial ventures present, assessment of impact of
small businesses on the economy, determination and assessment of key aspects of
entrepreneurial mindset. Additionally, focus will be made on different types of environments that
hinder or foster the process of entrepreneurship.

Activity 1
Brochure