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Entrepreneurship and Small Business Management Solved Assignment (ESBM)

   

Added on  2021-02-19

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EntrepreneurshipProfessional Development
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ENTREPRENEURSHIPAND SMALL BUSINESSMANAGEMENT (ESBM)
Entrepreneurship and Small Business Management Solved Assignment (ESBM)_1

Table of contents
Entrepreneurship and Small Business Management Solved Assignment (ESBM)_2

Table of ContentsINTRODUCTION......................................................................................................................4TASK 1......................................................................................................................................4P1 Discussion of different types of entrepreneurial ventures and explanation about the ways those relate to the typology of entrepreneurship...........................................................4P2 Exploration of the similarities and differences between Entrepreneurial ventures..........5M1 Investigating different range of entrepreneurial ventures to demonstrate understanding of entrepreneurship in both public and corporate sector........................................................6D1 Critically examine the scope, development and growth of entrepreneurial ventures......6TASK 2......................................................................................................................................7P3 Interpretation of relevant data and statistics to illustrate ways by which micro and small businesses impact on countries economy...............................................................................7P4 Explanation of the importance and business start-ups to the growth of the social economy.................................................................................................................................9M2 Evaluation of the differences make by small, medium and large businesses to the UK’seconomy through relevant published data and statistics........................................................9D2 Critically examine ways by which small businesses impact on different levels of economy in context of global, regional, national and international.....................................10TASK 3....................................................................................................................................10P5 Determination of the characteristic traits and skills of successful entrepreneurs that differentiates from other business managers........................................................................10P6 Assessment of the ways aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset...............................................................................11M3 Exploring and examine different lines of argument relating to entrepreneurial characteristics.......................................................................................................................11D3 Analysing the characteristic skills, traits and motivational drivers of at least two successful entrepreneurs with example................................................................................12TASK 4....................................................................................................................................12P7 Demonstration by examples about the ways personal background and experience can hinder or foster entrepreneurship.........................................................................................12M4 Analysing the link between entrepreneurial characteristic and the influence of personal background and experience to specific successful entrepreneurs........................................13D4 Critically evaluating the ways background and experience influences entrepreneurship both positively and negatively by comparing and contrasting examples.............................13CONCLUSION........................................................................................................................13
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REFERENCES.........................................................................................................................15INTRODUCTIONEntrepreneurship is the way which small business are set taking into account diverse risksassociated to it such as monetary or administrative. The entrepreneurial ventures can havealtered possession structures and entrepreneurs need to have certain skills and characteristicto develop and managing business. The knowledge and personal background can have variedconsequence on the entrepreneurship that can promote or delay a business. The report isgoing to centre on different types of entrepreneurial ventures, their effect on the economy. Inlast, the skills and mindset needed to set up business venture will be elaborated together withways by which experience and personal background can affect a start-up of business.TASK 1P1 Discussion of different types of entrepreneurial ventures and explanation about the waysthose relate to the typology of entrepreneurshipThe entrepreneurial ventures are different in types as follows:Small business entrepreneurship:This type of start-ups business are owned and run byindividual and the number of workforce is very low. Along with this, the revenue creation arenot a good deal and these organizations constantly focusing on attainment of more customersand growth of its products or services. This type of business can be run with family membersand with friends. However, numerous small businesses are there that provides innovativeproducts or services and raise exponentially (Drucker, 2014).Scalable startup entrepreneurship:These types of ventures start business with innovativeideas and focus on giving innovative products or services. These types of entrepreneursconsider that their ideas can transform the world and they look for for investment fromventure capitalists. These business look for creative mind for venture and they have apropensity to set up scalable business model.Large company entrepreneurship:The large organisations have predetermined life cycleand their focal point is on providing new products or services to the customers for
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