Entrepreneurship and Small Business Management

Entrepreneurship and
Small Business
Management
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Table of Contents
Table of Contents.............................................................................................................................3
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
P1. Different types of entrepreneurial ventures and their relation to typology of
entrepreneurship..........................................................................................................................1
P2. Explore the similarities and differences between entrepreneurial Ventures.........................3
P3. Relevant data and statistics to illustrate how micro and small businesses impact economy.4
P4 Explanation of importance of small businesses and start ups to growth of social economy..5
Task 3...............................................................................................................................................6
P5 Determination of characteristics and traits of successful entrepreneurs................................6
P6 How aspects of entrepreneurial personality reflect on motivation and mind set...................7
Task 4...............................................................................................................................................8
P7 Using relevant examples, how backgrounds and personality hinder and foster
entrepreneurship..........................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCE................................................................................................................................10
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INTRODUCTION
Entrepreneurship is the procedure of developing new initiative by bearing threats with the
perspective of making income for maximising profitability in company. Entrepreneurs that are
individuals who have proper and reach out new chances in market that can be seized for role of
serving consumer. The report will involve of various types of business ventures and typologies
examining commercial procedure. Connections and variances as in between an entrepreneurial
ventures that will be measured. Applicable information and figures to demonstrate that how
micro and small dealings that are impacting economy that will be taken and judged in
entrepreneurial process (Sgarbossa, and et.al., 2020). ASDA is Retail Company which provides
grocery and clothing products. It is based on UK. Position of small businesses and business start-
ups donating to development of social economy that will be enlarged. Distinguishing characters
and abilities of successful entrepreneurs' difference from other commercial managers that will be
enlightened. Features of how business characters that will reflect an entrepreneurial enthusiasm
and mind-set that will be observed. Applicable that examples that will be drawn for how
contextual and that experience can hinder or foster free enterprise.
MAIN BODY
P1. Different types of entrepreneurial ventures and their relation to typology of entrepreneurship
Entrepreneurship is the procedure that have the person that starts, performances, projects that
will runs the company by producing new thought of ideas and knowledge. Businesspersons that
will lead the business and motivate self towards development and development of business.
Business is important for growth of private enterprise creation for more job chances to provide
efficient perspective. It will serve an impact on community development by increasing the values
and by motivating growth (Cusworth, and et.al., 2020). As there are four key factors of business
typologies by which businessperson will maximise the profit and effectiveness that is enlarged
that are as follows:
 Small Business Entrepreneurship – Small business is termed as the manner by which
executive starts professional terms on small scale. As such type of entrepreneurship
business are drive out and get controlled and owned by sole administrators. As there are
small business that are profitable as while other remain at same stage with no innovation
and growth. Small firms that are important as because they offer chances for the
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