P6. Reflect entrepreneurial motivation and mindset

ENTREPRENEURSHIP
AND SMALL BUSINESS
MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................4
TASK 1............................................................................................................................................4
P1 Different types of entrepreneurial ventures and explain how they relate to the typology of
entrepreneurship.....................................................................................................................4
P2 Similarities and differences between entrepreneurial ventures.........................................6
M1. Demonstrate an understanding of entrepreneurship in both public and corporate sector9
D1. Examine the scope, development and growth of entrepreneurial venture.....................10
TASK 2..........................................................................................................................................10
P3. Illustrate how micro and small business impact on economy........................................10
P4. Explain important small business and business start – ups will contribute of growth of
social economy after ‘Brexit’...............................................................................................11
M2. Evaluate the differences that small, medium and large businesses make to the economy,
applying relevant data and statistics.....................................................................................12
D2. Critically examine how small businesses have an impact on different levels of the
economy in a local, regional, national and international context.........................................12
TASK 3..........................................................................................................................................13
P5. Determine characteristics, traits and skills of two successful entrepreneurs which
differentiate them from other business managers.................................................................13
P6. Reflect entrepreneurial motivation and mindset............................................................15
M3. Explore and examine different lines of argument relating to entrepreneurial
characteristics.......................................................................................................................15
D3. Analyse the characteristic traits, skills and motivational drivers of successful
entrepreneurs, supported by specific examples....................................................................16
P7 Examine how background and experience can hinder or foster entrepreneurship..........16
M4. Analyse the link between entrepreneurial characteristics and the influence of personal
background and experience to specific successful entrepreneurs........................................17

D4. Critically evaluate how background and experience influences entrepreneurs, both
positively and negatively, by comparing and contrasting examples....................................17
CONCLUSION..............................................................................................................................17
REFERENCES..............................................................................................................................19

INTRODUCTION
Entrepreneurship is a process of designing through which company launch and run a new
business which can be small during initial years. Whereas in terms of entrepreneurs they mostly
develops new and innovative ideas so that services and facilities can be provided to its clients in
a better manner. In this present report, different kinds of entrepreneurial ventures in included
along with its relation with various typologies. Apart form this, similarities and differences of
entrepreneurial ventures is mentioned so as to understand entrepreneurship in a better manner.
Lastly, scope, development and growth which is seen in entrepreneurial ventures are mentioned
in this assignment.
TASK 1
P1 Different types of entrepreneurial ventures and explain how they relate to the typology of
entrepreneurship
An entrepreneur are more like people who love to work alone with their innovative ideas
instead of working under an organisation. Mostly, they open their small business and play a
crucial role in enhancing the income or GDP of a nation. Thus, it can be said that entrepreneur so
business in order to pursue their opportunities that are available in the market. There are different
kinds of ventures that works in various sectors whether small, medium or large and some of them
are explained below for better understanding:
Entrepreneurial venture:
Small business entrepreneurship: There is an increase in sole traders and SMEs in
United Kingdom. Even large business are reducing its size of business and around 23 million
companies has established in United Kingdom between April 2016 and April 2017, which is
better than previous years. Small business entrepreneurship are owned by an individual
independently and playing their crucial role in increasing nation's economy. According to a study
it has been analysed that size of small business has increased to approximately 5.7 million.
Majorly, these companies are operated so as to feed family members as their profit margin is
relatively low.
Scalable Start-ups Entrepreneurship: People who are doing these kind of business
have their own observation and perform their activity to change the world for a better living.
Scalable entrepreneurs have different vision and through this, they try to attract a large number

of investors who can provide them with funds in order to give better services and facilities to its
clients. For them raising revenues is easier without even enhancing sky-high incremental costs.
Large Company Entrepreneurship: These companies grow by implementing
innovative and new ideas. Other than this, they manufacture goods on a regular basis by
providing more varieties revolving around the core component. Main motive of these firms is to
gain large number of profits so that they can sustain in the market for a longer period of time.
Henceforth, it is important that company make changes in their products according to the needs
and wants of customers as it will assist organisation in delivering goods which are as per the
choices and preferences of consumers.
Social Entrepreneurship: not all companies work for generating more and more money
or becoming one of the leading firm some entrepreneurs so business activities for helping other
persons who are needy. Social entrepreneurs perform their activities not for improving market
share but fulfilling the needs and demands of citizens. Therefore, first social entrepreneur look
out for the factors that are to be consider for making life more easier for them.
Henceforth, above mentioned are some of the different kinds of entrepreneurial ventures
who are operating its business in United Kingdom and providing better services and facilities to
its clients. Such two organisation are assist in maintaining and managing all entrepreneurial
ventures which are used for analysing all business activities and functions.
Typologies of entrepreneurship
Serial entrepreneur: They first, establish their business with new and innovative ideas
and successfully run its business for gaining benefits and also to generate more and more money.
Later, serial entrepreneurs give their business to someone else for further operations and starts a
different business with an innovative thought. Giles Palmer, is one of the best example of serial
entrepreneur and he is the founder and CEO of BrandWatch. Basically, the company provides
with different platforms for connecting various kinds of brands so that different market
opportunities can be availed.
Social entrepreneur: They are the one who are potentially capable enough of resolving
issues related to society or community. While solving issues social entrepreneurs show their
willingness of making lives of people easier. Gravity Light is one of the organisation that is
working for replacing harmful kerosene lamps which affect health of an individual who is using

that with solar lamps. Martin Riddiford and Jim Reeves are the key founders of this
organisation.
Female entrepreneur: They have same quality like male entrepreneurs and capable
enough in resolving all the issues and problems which can hamper business activities. Basically.
Female entrepreneurs work for a social cause so that standard of people can be lifted and they
can be equal to other individuals. Clara Barton is the best example of this as she works for
American Red Cross and performing her activities in making life even better for humans.
P2 Similarities and differences between entrepreneurial ventures
Major work of entrepreneurial venture is to provide advisory services to its clients and in
order to do so they evaluate various kinds of aspects and manifests so that work can be done
even better (Leitch, Hill and Neergaard, 2010). These includes companies of various segments
such as start-ups, corporate, social, scalable etc., Therefore, with the help of this, they are tend to
provide better services and facilities to its customers. Some of the similarities and differences are
mentioned below for better understanding:
Venture Similarities Differences
Male and female
entrepreneurs
 Both male and female
are confident enough in
doing their activities so
as to get better results
and outcomes. As in
they work for getting
maximum benefits and
profits.
 Male and female
entrepreneurs are
capable enough in
making strategies
which enable them in
making better decision
for operating its
 Most of the male
entrepreneurs work for
achieving greater
success but they are
compulsive in nature.
Because of which they
face some kind of
difficulties while
locking deals between
other businessmen.
While operating its
business male
entrepreneurs take risk
and challenges.
 Whereas in terms of

business. female entrepreneurs
they are humble and are
sensible while taking
any kind of decision for
the company (Hall,
Daneke and Lenox,
2010). They simply go
through all relative
possible factors which
can have an impact on
business activities.
Other than this, they
take calculative risk
which can give benefits
to the organisation.
Small and Social
entrepreneurial ventures
 Both small and social
entrepreneurs do their
activities for giving
better services and
facilities to its clients.
Thus, for this, they use
resources and funds in
a proper manner so that
nothing can get wasted.
 They lookout for the
needs and wants of
customers on a regular
basis so that all the
requirements of
consumers can be
fulfilled in an effective
 Small ventures operate
its business for
fulfilling the
requirements of its
family members. Thus,
they have a small
market share and
continuously try to give
effective services in
order to improve its
brand image.
 In relation with social
ventures their main
motive of work is to
enhance the living
standard of people.

manner. Henceforth, they work
according to the
situations and need of
people who are living
in the society.
Scalable start-ups and large
entrepreneurial ventures
 Both of these
entrepreneurial
ventures prime focus is
of generating more and
more money with the
help of the products
they provide
(Gorgievski, Ascalon
and Stephan, 2011).
So, they manufacture
goods on a regular
basis by considering
the requirements of
customers.
 They both take risks
and accept different
kinds of challenges
thus, for giving best out
of this, they
incorporate latest tools
and technologies which
further assist them in
providing goods which
are of best quality.
 Scalable Start-ups work
with as purpose of
changing the scenario
of the world so that
place can be made
better for living. In
order to do the same
they use resources and
facilities according to
the needs so that it can
be used in a limited
manner without any
wastage.
 Large entrepreneur
ventures, for operating
its business have ample
number of funds which
assist them in
delivering best quality
products to its clients.
While making
commodities they use
bets kind of raw
material which
automatically provides
excellent quality of

goods. Therefore, this
aid company in
sustaining a better
position at market area
for a loner period of
time.
Lifestyle and survival
entrepreneurial venture
 Both lifestyle and
survival entrepreneurial
venture have passion
towards their work so
they do work in order
to fulfil their desire
ambition (Gorgievski,
Ascalon and Stephan,
2011). They majorly
work independently
working with
maximum 2 or 3 crew
members. Both these
entrepreneurial venture
work for making an
improved brand image
for themselves and for
companies as well.
 Lifestyle
entrepreneurial venture
focus on life rewards
and enjoy to work for
their passion and until
they are passionate
about their work they
will get better results
and a better position at
market area. For
example: Wildlife
photographers, they
roam around the world
and jungles for
fulfilling their passion.
M1. Demonstrate an understanding of entrepreneurship in both public and corporate sector
Private corporate sector:- Their are several type of private corporate sector some of
them are as followed:-
Survival firm:- The main objective of these firm is to survive and meet the financial
obligations, their long term goal is to stay in business.

Lifestyle Firm:- The main aim of this firm is to survive and maintain the life. These
ventures have high risk of failure.
Aggressive growth Firm:- The main focus of these firm is to growth with high initial
investments or investors.
Social Firm:- objective of these ventures is to survive and solve social problems.
Public Sector Enterprise:- These firms are owned, manage and control by the
government. Their main aim is to serve the society, they are welfare oriented. Present status of
these firms, they are growing impressively and both central and state government interested in
investment to their products and services .
D1. Examine the scope, development and growth of entrepreneurial venture
An entrepreneur is a person who start and run a business with the limitation of resource
and planning and is responsible for the risks and achievements of the venture. The new
entrepreneur must have new, unique and innovative ideas and they also need the support of the
networks and connections to survive. The good and new idea and appropriate plan provides the
scope for the growth of the entrepreneurial activities. An entrepreneur has wide opportunities and
vast scope in selling sector rather than manufacturing sectors. If the venture is small and medium
then it has wide scope in the market, because it have high productivity, greater efficiency and
low labour turnover.
TASK 2
P3. Illustrate how micro and small business impact on economy
After the Brexit referendum, government of UK pay their maximum attention towards
SME's. These organisations play a most important role in the economy growth and development
practices. These enterprises are considered as Micro, small and medium enterprises which are
different to each other on the basis of their turnover, number of employees as well as resources
capabilities. In small and medium size businesses, there are around 250 employees who work for
reaching with desired goals and targets. There are approximately 5.7 million small businesses are
situated in United Kingdom in the year of 2018 which was over 99% of all businesses.
Enterprise Employees Turnover
Micro scale organisation Not Needs to be more than 10 Less than 2 million pound
Small scale organisation Needs to be Less than 50 Not more than 10 million pound

Medium scale organisation Needs to be Less than 250 Not more than 43 million pound
These organisation has numerous impact on the economy of UK such as -
Local Impact – SME's provide opportunities to individuals who are living in the local areas of
the company. The also assist for the improvement of living standard of individual's in
appropriate manner. These impacts can be -
 Employment – Small scale organisations employ approx over 24.3 million people in UK
which accounts for 60% of all private-sector employment, and a massive 81% of the
overall workforce (The importance of small businesses in the economy. 2018).
Regional impact - Micro and small firms basically provide quality services and products to their
customers on the basis of their requirement as well as need. After this they, they set appropriate
cost of products so that customer's can buy each them easily. Thus, this kind of practices
provides benefits to government for the betterment of economy growth by enhancing customer's
buying power.
Micro business – It is generally defined as small business employing and occupying with
less than nine people and they have 2 million investment while start up the businesses.
Small business – Small company is the any company where lower than 500 employees
nd fails beneath an industry particular annual reports. It is operated and regulated by small
owners where they are work together for reach with desired goals and targets.
GDP Contribution – Small businesses are contribute around 99.3% in all private sector
businesses at the beginning of 2018 and there are around 99.9% were small and medium sized.
Total employment of small medium enterprise was 16.3 million in the United Kingdom.

Interpretation: It can be analysed that micro and small business impact on economy and it is
directly affect on business operations at international level. There are around 88% companies are
micro in nature, on the other hand there are approximately 75% are considered as small business
and around 10% are determined as medium size businesses. Along with this, there are around
more than 0.4% businesses are considered as large companies.
P4. Explain important small business and business start – ups will contribute of growth of social
economy after ‘Brexit’
There are several businesses are ruining in the UK and all of them plays a significant role
in the raising economy of the country. ‘Brexit’ referendum was happened in the year 2006, it was
biggest political movement which shake entire world. Brexit stated as ‘Britain exit’ that means
Britain exits from Europe. The UK and EU government appealed to the people to vote for Brexit
in which England voted for 46.6%, Wales also voted to leave 52.5% (Definition of 'Brexit',
2018). After Brexit there UK business industry were gone in downfall. At that time UK
government supports business firms for establishment. In meanwhile, there were lots of start-ups
and small business developed because that was the only support to raise the economy of the
country. After Brexit there are 5.7 million private sector organizations are recorded that is also
providing 60% employment. These private sector organizations are account for 73% of all net
Illustration 1: Impact of micro and small business on economy, 2018
(Source: Impact of micro and small business on economy, 2018)

private sector job creation across UK and it has generated approximately 2 million jobs since,
2010 (Brexit impact on small businesses, 2018). It also increased opportunities for businesses as
capital is the life blood of SMEs which is required for struggle. Almost 30 percent of small
businesses finds issues to start a business but UK government supports their business.
There were some negative impacts of Brexit like approximately 130000 small business
forced to pay VAT (Value Added Tax) on the goods which needs to be import from European
Union. It means that UK entrepreneurs needs to pay extra tax that will generate an extra weigh
on them. In order to run a business in an effective way they need to bare the laws that are
imposed by the government. As there were already lack of capital investment and import duties
also making weakening them. Therefore, UK small and medium business were need to boost up
productivity that can increase their economic growth. The UK tech industry is also struggling to
stay in the market and provide employment to their employees.
Hence, there Brexit impact a small and medium business in a most dramatically manner. It
influences economic growth through dropping the capital investment but it is also encouraging
private sectors that is providing employment opportunities to the people.
M2. Evaluate the differences that small, medium and large businesses make to the economy,
applying relevant data and statistics
The micro entrepreneur are those venture those have up to 10 employment in firm. They
are approx 5.4 million micro businesses in the UK in 2016 which contribute approximately 96%
of all businesses.
Small and medium size enterprises are those who have less than 250 employees. There
are approx 5.7 million SMEs in the UK in 2017, which was approx over 99% of all the
businesses. The small organisation are impact on economy when they are contribute less amount
of capital for gaining high growth and success.
Large entrepreneur ventures are those which has more than 250 employees which
accounted for approx 0.1% of businesses but 40% of employment and approximately 49% of
turnover. Economy changes which directly affect business includes changes and alterations in
the interest rate, wages rate and inflation rate. Businesses are mainly motivated and encouraged
in order to expand and take risks while economic situations are correct and accurate.

D2. Critically examine how small businesses have an impact on different levels of the economy
in a local, regional, national and international context
Wealth creation and sharing:- By starting business entity, entrepreneur mobilizes the
public wealth and provide opportunities to people to earn benefits from success of entrepreneur
an growing business.
Create Jobs:- By establishing a new entrepreneurship venture a entrepreneur can create
jobs for unemployed people which help in economic development. This is the reason why
governments are now promoting the entrepreneurship in wide range.
Balance regional development:- The entrepreneur helps in developing regional area by
locating business in less developed and backward area. The establishment of industries and
business in these areas leads to improvement in infrastructure like better roads, schools etc.
GDP and Per capita income:- The establishment of new entrepreneurship make use of
resources like land, labour and capital for the development of products and services that added in
national income, national product and per capital income which help in growth of GDP and per
capital income of the country.
TASK 3
P5. Determine characteristics, traits and skills of two successful entrepreneurs which
differentiate them from other business managers
Entrepreneurship can be defining as innovative thoughts that gives a fruitful result to an
individual. A person generates several kinds of ideas from surroundings that motivates them to
do something new that ca will be beneficial for them and their customers as well. These ideas
give a new direction to the market that increases competitive advantage. Entrepreneurs have a
vision and determination that makes their products unique and ultimate form others. As they
have a vision that supports to attain objectives and goals with strategies. Therefore, there are two
successful entrepreneurs who achieved their ambition after facing a lot of struggle. For an
example, Jeff Bezos who is a founder of Amazon.com started a firm as book store. He had a visit
to provide a books across the world. As he has a determination to establish Amazon as biggest
company and he turned his thoughts and vision in to reality. That’s why Amazon is one of the
leading organization across the globe. On the other hand, Larry Ellison is an American

entrepreneur who is internationally known as co-founder and chairman of Oracle Corporation
(Bridge and O'Neill, 2012)
In the year 2018, Ellison listed in the top five wealthiest business man in the United states
of America. Both of these entrepreneurs has different skills, characteristics and traits that make
them different from others that are mentioned below -
Jeff Bezos skills
 Knack or innovation - Jeff Bezos was hungry for innovation since his childhood. He has
creative skills to develop alarm that protects his room by his siblings. This curiosity to
develop something unique creates well – recognized retailing websites. Initially, this
website was only selling books, but as it raised with time its innovation provides a large
range of products and services on its websites. along with these retailing products it’s
also innovates in artificial intelligence as Alexa to provide customer satisfaction (Burns,
2010)
 Hard-core realistic - Bezos has a habit that he thinks about all the possibilities that
c=may effect a business. When he was launching Amazon at that time he assesses all the
circumstances that can be beneficial for the venture. But he was aware about it there are
some conditions that may fail become to a reason of failure. He accepts reality that take
decision according to the present situations. This is the most unique trait of Jeff Bezos
personality.
 Risk taker - It is essential for an entrepreneur that they should be able to take risks
because without obstacles that cannot get anything. Jeff had a family when he quit his job
to be an entrepreneur. He started his business as a book store and provide books to the
entire world. He did not have money to start a business but he was courageous to for a
business and he set up a business by knowing the fact of failure. But soon he became
famous entrepreneurial personality. In the recent time, he also took a risk to launch
Kindle against iPad that is also successful (Carland and Carland, 2015)
Larry Ellison skills
 Determination - Ellison never get retired from his position he works in the age of 70. He
works with full determination. As he achieved everything in life but he continuous to be
work to compete in the market environment. He aimed to constantly learn new things so
that they can achieve new targets. This determination makes him different from other

entrepreneurs. In fact, his determination towards the work is a reason to get 8th rank in
Forbes magazine among international business.
 Vision – It is necessary for a businessman to be establish a vision where they want to
reach. If a person does not a vision for their business, then they cannot run a business in
an effective way. Ellison has a vision to make Oracle more successful as it is already
giant in database tech companies. But he still wants to make more beneficial that’s why
he purchased Sun Microsystems and PeopleSoft to expand its business. His made oracle a
leading database company that conducts its business across the world (Dennis, 2011).
These are characteristics, skills and traits of entrepreneurs that makes them different from
other business managers.
P6. Reflect entrepreneurial motivation and mindset.
Motivation is always required for everyone because it encourage them to step ahead
towards their targets. Every person came through some experiences that inspires them to do
something different and set a milestone in the world. There are several small businesses are
running in the UK but they have some different and unique attributes that make them beneficial
through appealing their customers. In order to be a successful business it is required to provide
customer satisfaction. A person should have capability to stake risk and work with determination
so that they can establish their firm in adverse situations (Down, 2010).
An entrepreneur should have some creative skills so that they can see the loopholes in
present market to grab opportunities. There are several thing motivational things which can
motivate a person to be an entrepreneur. Jeff Bezos suddenly decides to be an entrepreneur
because as being a business man he will be free to shape his ideas without any restriction. While
codifying his thought he will be on higher risk but there is a satisfaction to do something new
that can provide benefit to customers (Gorgievski, Ascalon and Stephan, 2011).
A person should be as hard-working as Bezos when he was running a book store after
that he started to sell books through online website. Drastically his business going to be spend so
far but to attain this goal he worked so hard. He had a vision to establish a largest company. Due
to this vision Amazon is the most successful business in the world. Along with hard work there
his risk taking ability also inspires others. As there are so many retailer websites which are
offering a huge range of products Bezos also take a risk to offer variety of products that can
satisfy the customers. While conducting a business it is essential to handle conflicts in an

appropriate manner such as social trends that can impact on a business. As changing trends can
decrease profitability of a business because people choices are changed with time. Therefore, it is
crucial for a firm to provide customer satisfaction.
M3. Explore and examine different lines of argument relating to entrepreneurial characteristics
An entrepreneur can be made or born, the succession of the business is depend on the
skills and ability of a entrepreneur. An entrepreneur are born and made by some situation, an
individual who have inherent knowledge and skill is called as born entrepreneur and a person
who have develop skill and knowledge. In other word an entrepreneur is due to genetic make up,
or whether the disposition come from environment, conditioning or other external influences.
There are various characteristics of an entrepreneur some of them are describe below:-
Ability to take risks:- It is the first trait of the entrepreneurship business and this ability
can be genetic or influence by external environment.
Innovation:- A person can be innovative by birth or get inspire by their surroundings .
Innovation basically means creating a new ideas with which an individual can establish a
business and sustain and earn profit.
Leadership:- The quality of leadership can be by birth or get generate after the birth by
help of surrounding, environment and education.
D3. Analyse the characteristic traits, skills and motivational drivers of successful entrepreneurs,
supported by specific examples
The characteristic treats like risk taking, innovative, leadership, hard core realistic etc.
influences the behaviour of the entrepreneur which leads to successful enterprise. For example a
person who has all the quality of an successful entrepreneur like leader, creative, risk taker etc.
by birth, this will help him to run business in effective and efficient way and take business to
another level by making profit and growth.
P7 Examine how background and experience can hinder or foster entrepreneurship.
There are several things through which a person observes and adopts in their personality.
The foremost quality of an entrepreneur is an innovative they have an immense quality to create
something new that is different from existing things. They also have a leadership that guides
their team to attain their task. There are various things which fosters them to be an entrepreneur
that depends on their background and it can define as follows -

Education and family - Education is necessary for everyone because it gives a mental
strength to understand aspects in the surrounding environment. As whatever a kid observes in his
atmosphere that inspires him to do something new (Hall, Daneke and Lenox, 2010). For
example, Jeff Bezos motivated through his grandfathers who taught him to solve problems
without depending on anyone. He also taught Bezos to innovate some new factors that will be
beneficial for business and customers as well. By learning several things, he became able solve
issues with different options.
Following passion – Bezos grandfather was a passionate towards his work and that’s
why he always found some ideas that can give valuable results. For example, Jeff had a creative
mind, due to an immense imagination and vision he was always busy in doing something new.
His passion for creativity achieves his objectives and gaols. It results to build Amazon.com one
of the leading retailer organization in the world (Leitch, Hill and Neergaard, 2010).
Such factors are directly or indirectly influences background and experience of an
entrepreneur who are always work for reaching set goals and targets. An entrepreneur set
objectives for others that can be helpful for them in achieving required goals and became
successful person.
M4. Analyse the link between entrepreneurial characteristics and the influence of personal
background and experience to specific successful entrepreneurs
The reason behind the successfulness of an entrepreneurship is based on the
characteristics of an entrepreneur which is a personal background and its experiences. Some of
these characteristic which help an individual are:-
Educational qualification:- A person's educational qualification helps them in establish
and run a successful business. Like if a person done his higher education in management ,it will
help them in managing the business in better way.
Family Support:- A person family support is most important factor for a successful
venture because family support in every situation even if business is suffering from loss.
Financial status:- Financial status of a person who is establishing and running a business
is important because only through it person can produce or manufacture goods and services.

D4. Critically evaluate how background and experience influences entrepreneurs, both positively
and negatively, by comparing and contrasting examples
As per the views of Navid Ghannad, the small firm internationalisation has focuses on
export strategies, little attention on understanding the process and consideration under which the
entrepreneur identifies. This article suggests that a person's childhood and stories directly
influence the behaviour of the entrepreneur. The entrepreneur background developed preference,
skills and desires that affect the total behaviour of their future organisation.
CONCLUSION
From the above report it can be concluded that entrepreneurs support in country’s
economy. As there are several small and medium business that support in raising the economy of
the nation. There are several kinds of business ventures that relates with different types of
entrepreneurial typology. These ventures are not established to gain profitability rather every
firm has different objectives some of them are gaining profit whereas others are running to
maintain their life. In addition, there are some similarities and differences in entrepreneurial
ventures. Further, start – ups and micro business are also impact on economy and contributes in
the growth of country.

REFERENCES
Books and Journals
Bridge, S. and O'Neill, K., 2012. Understanding enterprise: entrepreneurship and small business.
Palgrave Macmillan.
Burns, P., 2010. Entrepreneurship and Small Business: Start-up. Growth and Maturity. Palgrave
Macmillan.
Carland, J. W. and Carland, J. C., 2015. A model of potential entrepreneurship: Profiles and
educational implications. Journal of Small Business Strategy. 8(1). pp.1-14.
Dennis Jr, W. J., 2011. Entrepreneurship, small business and public policy levers. Journal of
Small Business Management, 49(1), pp.92-106.
Down, S., 2010. Enterprise, entrepreneurship and small business. Sage.
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Gorgievski, M. J., Ascalon, M. E. and Stephan, U., 2011. Small business owners' success
criteria, a values approach to personal differences. Journal of Small Business
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Hall, J. K., Daneke, G. A. and Lenox, M. J., 2010. Sustainable development and
entrepreneurship: Past contributions and future directions. Journal of Business Venturing.
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Leitch, C., Hill, F. and Neergaard, H., 2010. Entrepreneurial and business growth and the quest
for a “comprehensive theory”: tilting at windmills? Entrepreneurship Theory and
Practice. 34(2). pp.249-260.
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