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(solved) Essay on Entrepreneurship

   

Added on  2020-06-04

19 Pages5602 Words58 Views
Entrepreneurship

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Various types of entrepreneurial ventures and their relation to the entrepreneurshiptypology.......................................................................................................................................1P2 Differences and similarities between various entrepreneurial ventures.................................3TASK 2............................................................................................................................................5P3 Impact of small and micro business on economy..................................................................5P4 Relevance of start-up's and small businesses in growth of economy....................................7TASK 3............................................................................................................................................8P5 Skills, traits and characteristic of successful entrepreneurs...................................................8P6 Entrepreneurial personality reflect its mindset and motivation...........................................10TASK 4..........................................................................................................................................11P7 Experience and background can foster and hinder entrepreneurship..................................11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................13

INTRODUCTIONAn individual who set as well as design business activities for achieving financial gain iscalled as entrepreneurs. They take more risk for convert into positive results in effective manner.It divided in four categories such as small, social, large and scalable business enterprise whichplay important role in development of economic growth (Entrepreneurs, 2017). In thisentrepreneurship is an effective activity in which a person take financial risk for achievingpositive results. The main aim of this concept to start a new business and provide better jobopportunities to their local people in order to improve their living standard in effective way.Present report is based on various types of entrepreneurial ventures and typologies which helpsin evaluating best results. In this similarities and difference is also mentioned in this project.Along with this small business enterprise also helps in developing economic growth is alsodiscussed in this project. Past experience and background also impact on entrepreneurs mind setand personalty which helps in taking best decision. TASK 1P1 Various types of entrepreneurial ventures and their relation to the entrepreneurship typologyEntrepreneurship: It is one of the important and effective process to develop theeconomic growth by providing job opportunities to their local people in which they improve theirliving standard in effective manner. Along with this entrepreneurs are those who has abilities totake risk and organize new business for attaining profitability level. In this process number ofindividuals carry out as well as design their operation activities to gain financial benefits. Withthe help of new and innovative services they easily satisfy customers needs and demand in mosteffective way. In this various entrepreneurial ventures are as follows: Small business entrepreneur: These type of business men operate their business at smallscale in which they generate small amount of profits in order to fulfil their basic needs inmost appropriate manner. These type of entrepreneurs having less financial resources sothat they take helps form their family and friends to execute their business for the hope ofachieving desirables results. Electricians, grocery stores, carpenters and many more whooperate their business at small level (Bridge, Hegart and Porter, 2010). They define newand innovative ideas to satisfy customers demand. 1

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