Entrepreneurship and Small Business Enterprise Essay

Added on - 21 Jul 2020

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Entrepreneurship and SmallBusiness Enterprise
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types of entrepreneurial ventures and typologies...................................................1P2 Similarities and differences between entrepreneurial ventures.............................................2TASK 2............................................................................................................................................3P3 Understand applicable information and impact of small and micro business on economy...3P4 Contribution of small and start up businesses in the economic growth.................................4TASK 3............................................................................................................................................5P5 Characteristic, traits and skills of entrepreneurs....................................................................5P6 Entrepreneurial personality reflects entrepreneurial motivation and mind-set......................6TASK 4............................................................................................................................................8P7 Background and experience can hinder and foster entrepreneurship....................................8CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10
INTRODUCTIONEntrepreneursis the quality that haveto fixed brand-new enterpriseby using knowledgeand ability.A businessperson is a individual whohave some capability and willingness to form,create and manage a business venture with more risk for developing profit. They are highlyinnovative, creative and always taking risk to develop their business growth and success. Theprimary function of this study is to interpretthe variouskind of enterprising projectand alsodescribeclassification(Blackburn, Hart and Wainwright, 2013). In this entrepreneurial ventureshas different similarities and differences. An enterprise can analyse all data of external factorsthat directly impact on micro and small business of country. To understand the importance ofentrepreneur skills, knowledge and abilities of entrepreneur. They were also encourage person toimprove their personality within an organisation. Also evaluate past experience, background,community can be adoptive and prevententrepreneur.TASK 1P1Various kind of entrepreneurial task and assortmentAll the enterprise undertaking can be proofed assmall enterprise. There areseveral taskwhoexpend their wealthfor gaining largeincome.Someconcern investmentare createindustryneedby attracting more customers but they do not supply products in proper way. Here are somedifferent forms of entrepreneurial ventures:Small business entrepreneurship- The business ventures are based on small scale. In thisenterprise, there are many workers who have capability and ability to generate income. It doesnot invest number of capital in marketplace. Small business includes hairdressers, photographers,bakeries, restaurants etc.Lifestyle entrepreneurship-The major purpose of this type of entrepreneurs is to changetheir lifestyles and also adopt their first preference (Bridge and O'Neill, 2012). These type ofpeople set fixed criteria for developing profit or earn more money. They always work oncreating cultural condition.Large business entrepreneurship- This venture is large in size and scope. In thisbusiness, there are number of employees who work for making high productivity andprofitability. These enterprise create large income and their main objective is to gain moremoney.1
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