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Project Report on Entrepreneurship and Small Business Management

   

Added on  2020-06-04

16 Pages4951 Words236 Views
Entrepreneurship and SmallBusiness Management

Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1P1. Different types of entrepreneurial ventures and its link with typology of entrepreneurship1P2 Similarities and difference between different kind of entrepreneurial ventures....................3TASK 2............................................................................................................................................5P3 Small and micro business effect on the economy of country ...............................................5TASK 2............................................................................................................................................7P4. Importance of start-up's and small business to development of social economy.................7P5. Qualities of Bill Gates & Jeff Bezoz....................................................................................8TASK 3............................................................................................................................................9P6 Entrepreneurial personality reflect its own mind-set and motivation....................................9TASK 4..........................................................................................................................................11P7 Experience and background of entrepreneur foster and finder entrepreneurship................11CONCLUSION ............................................................................................................................11REFERENCES..............................................................................................................................12.......................................................................................................................................................13

INTRODUCTION Entrepreneurship is identified as an effective process of managing and starting ownbusiness carefully. It is the best activity of designing, running and launching a new business in asystematic manner. It has been determined as the willingness as well as capacity to handle,organise and develop an enterprise along with any kind of hazard in order to make maximumprofit or revenue. In economic, such process combined with labour, land, capital and naturalresources that can produce more revenue (Acs, Autio and Szerb, 2014). In addition, theindividuals who operate new business are called as entrepreneurs. The main aim and motivebehind launching an innovative venture is to accomplish predetermined goals and objectives inlimited time duration. This assignment is based on different types of entrepreneurial ventures and its connectionwith classification of entrepreneurship. The report also described difference as well assimilarities between entrepreneurs. Small-business or start-ups are important for the personbecause both are give better opportunities to the unemployed people, it is shown in this project.This study also described about the traits, background, experience, characteristics and skills ofentrepreneurs which can hinder their own mind-set and motivation level effectively. TASK 1P1. Different types of entrepreneurial ventures and its link with typology of entrepreneurshipEntrepreneurship: It refers to the activity of starting and lunching new enterprise andproceeding risk or hazard in the motive of earning more profits (What is Entrepreneurship?,2018). This is known as an effective procedure through which human being identify changes,assign resources and develop value. It is the capacity or willingness to create, conduct and handlea new business besides any kind of risks or uncertainty in order to accomplish predeterminedobjectives and targets. Type of entrepreneurial venture: There are some kinds of entrepreneurial ventures which aredetermined as below: Small-business Entrepreneurship: In today's environment, there are large numbers ofstart-ups and entrepreneurs are still small in the UK (Awogbenle and Iwuamadi, 2010). Mainmotive and aim of this business is to achieve maximum profit or revenues as compared to otherenterprise. There are few examples of small business such as grocery stores, travel agent,1

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