Entrepreneurship and Small Business Management

Entrepreneurship and
Small Business
Management

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Examination of different types of entrepreneurial venture and their relation with typology
of entrepreneurship.................................................................................................................3
P2 Difference and similarities between entrepreneurial ventures..........................................4
TASK 2............................................................................................................................................7
P3 Assessing the impacts of small and macro business over the economy using data and
statistics..................................................................................................................................7
P4 Importance small business and start-up's possesses on the social growth of economy....9
TASK 3 & TASK 4..........................................................................................................................9
Covered in PPT.......................................................................................................................9
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Entrepreneurship is defined as a business practice which is undertaken by an individual where he
or she set up a business by handling all the related operations and risk associated along with
enjoying all the benefits and earnings of it. An entrepreneurship is operated by an entrepreneur
who is a person develops their business on their own by handling all the risks and responsibilities
along with enjoying all the perks (Barba-Sánchez and Atienza-Sahuquillo, 2018). The current
report provide an appropriate understanding of different entrepreneurial ventures along with
highlighting the dependency on separate typologies of entrepreneurship. Over impact of different
business start-up’s and organisations on the economy is also evaluated with the help of data and
statistics. The PowerPoint of the report includes two entrepreneurs defining their unique skills,
traits and characteristics. Moving forward OCEAN model of entrepreneurial personality
evaluated for understanding its influence over motivation and mind-sets of entrepreneurs. And at
the end the impact of background and experience of an entrepreneur is highlighted which can be
hindering for fostering their business activities and ideas.
TASK 1
P1 Examination of different types of entrepreneurial venture and their relation with typology of
entrepreneurship
Entrepreneurial ventures business entities which are initiated and developed by individual
person known when you are in business world. entrepreneur adventures are developed by
individuals with unique idea and serves people with the best quality of goods and services which
do not exist in the market before. Entrepreneur develops their entrepreneurship with unique
offerings bye taking innovative and inventive approaches. Entrepreneurial Ventures AIMS at
providing value to customers by aligning their production services with the specific needs and
requirements of people and with the motive of earning profits and moving towards growth and
success. There are different types of entrepreneurship entrepreneurial Ventures that are
mentioned and elaborated underneath:
 Small business entrepreneurships our business start-up’s that are created by
entrepreneurs with very limited resources and financial capital and which is managed
solely by them. Small business entrepreneurship is developed with original idea that is is