Entrepreneurship & Small Business Essay
Added on 2020-07-23
10 Pages2999 Words58 Views
Entrepreneurship
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8APPENDIX......................................................................................................................................9
INTRODUCTIONEntrepreneurship is that essential procedure which is used to design, launch and operatenew venture, which is considered as small business in its starting stage. This type of firmsprovides various effective products and services at affordable prices to satisfy needs of localpeople. The person who run this type of enterprise is known as entrepreneurs which takes variousrisky decisions to grow their newly established venture (1). The term entrepreneurship meanscapacity of developing, organizing and running new firm and taking risks to gain financial profit.While starting a new venture people face various tough problems and situations.This projectreport is based Segment One which provides call centre operations consulting and customerrelationship management consulting. In this report, each and every aspect of this company havediscussed which can influence positive impact on its perspective investors. various strong andweak points of this enterprise has been evaluated to determine that whether it should be fundedby investors or not. Along with this, some recommendation has given to overcome weaknessesof this company. TASK 1Entrepreneurship can be refer as process of starting, designing and operating newventure. The people who runs thus type of enterprise are considered as risk and uncertaintiesbearers. They use new and innovative methods to produce products and services. They thinksthat taking risky decisions can help them in growing and developing their business in mosteffective manner. So, it can be said that their main responsibility is decision making in thecontext of organization. Process of entrepreneurship involves various productive resources suchas money, manpower, tools, techniques, time duration and foremost raw material which helps inproducing final products and services. Any kind of losses in these aspects can lead new ventureto financial crises. The process of entrepreneurship always remain same but every entrepreneurhave his own roles and responsibilities to perform which makes them different from others (2).Entrepreneurial risks of newly established company starts from the process of its ideation,conceptualisation, firm creation and ends with organisational growth and development.1Bridge, Simon, and Ken O'Neill. Understanding enterprise: entrepreneurship and smallbusiness. Palgrave Macmillan, 2012.2Brooks, Alison Wood, Laura Huang, Sarah Wood Kearney, and Fiona E. Murray."Investors prefer entrepreneurial ventures pitched by attractive men." Proceedings of theNational Academy of Sciences 111, no. 12 (2014): 4427-4431.1
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Entrepreneurship and Small Business Management Skillslg...
|19
|5250
|363
Unit 9: Entrepreneurship and Small Business Management Assignmentlg...
|16
|4579
|64
The Impact of Micro and Small Business on the Economylg...
|17
|5294
|373
Types of Entrepreneurial Ventureslg...
|14
|4738
|196
(PDF) Entrepreneurship and Small Business Management | Assignmentlg...
|22
|7067
|202
The Different Types of Entrepreneurial Ventureslg...
|17
|4820
|62