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| | |Entrepreneurship and Small Business Management | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

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Added on  2021-02-19

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| | |Entrepreneurship and Small Business Management | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

   Added on 2021-02-19

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| | |Entrepreneurship and Small Business Management | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |_1
ContentsActivity 1...........................................................................................................................3P1 Different types of entrepreneurial venture and their relation to the typology of entrepreneurship................................................................................................................................................................P2 Analysing the difference and similarities between different types of entrepreneurial venture-.........................................................................................................................................................................P3 Interpret and Assess the impact of small-business on social economy by using specific example.....................................................................................................................................................................P4 Explain the importance of small and Start-up's for the growth of economy.....................................................................................................................................................................................................REFERENCES...............................................................................................................8Entrepreneur is an individual who generates creativeideas and have required skills and capabilities to convert it intoreality by using all the available resources to achieve thespecified objective which can be either growth, profit etc. Anentrepreneur has an ability to grab opportunities and transformit into goods or services. William Henry Gates and Henry Fordare the well named entrepreneurs who had ability and capacityto manage or run a enterprise successfully.
| | |Entrepreneurship and Small Business Management | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |_2
Activity 1P1 Different types of entrepreneurial venture and their relation to the typology of entrepreneurshipEntrepreneurial venture refers to the different types ofenterprise which has different scopes and sizes operated by anindividual in relation with the risk or reward obtained by it.There are different types of entrepreneurial ventures are asfollows-Small-business entrepreneurship- These type ofentrepreneurship includes enterprises which aremanaged, owned and operated by a single entrepreneur.The size is limited as their motive behind operatingthese type of enterprise is to earn livelihood. Forexample, consultants, travel agents, plumbers etc.Scalable Start-up entrepreneurship- Scalable Start-up's are the type of entrepreneurship in whichentrepreneurs invest with a view that their vision willchange the world. This involves raising fund from thedifferent financial investors that is venture capital. Thisincludes research about the business which can beoperated at large scale.Large company entrepreneurship- These type ofentrepreneurship has finite life cycle. They grow bymaking changes in the the existing product to meet thechanges occurring in taste of customers. This madelarge companies to create an innovative product andsold it to the new customers through this they expandand grow. Social entrepreneurship- These types of ventures arecreated to produce goods and services to fulfil the needsof the society and resolving their problems. The mainTypes of entrepreneurial ventureSmall-business entrepreneurshipScalable Start-up entrepreneurshipLarge company entrepreneurshipSocial entrepreneurship
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