Entrepreneurship and Small Business Management

This presentation explores the concepts of entrepreneurship and small business management. It discusses different types of entrepreneurial ventures, their typologies, and the differences and similarities between large and small entrepreneurship. It also covers social and scalable entrepreneurship and their objectives. The presentation provides a critical examination of the scope of entrepreneurial ventures, growth, and development.

Entrepreneurship and
Small Business
Management

 INTRODUCTION
 Different types of entrepreneurial ventures
 Entrepreneurial venture typologies
 Difference between large and small entrepreneurship
 Difference in social and scalable entrepreneurship
 Similarities in large and small entrepreneurship
 Similarities between social and scalable entrepreneurship
 Investigating entrepreneurial ventures in order to gain understanding of
entrepreneurship in context of both public and private sector
 Critical examination of scope of entrepreneurial ventures, growth and
development
Table of content

 Entrepreneurship is basically activity which undertakes setting up a
business with taking financial risks and hoping for earnings and profits. The
person or an individual who develops a business and bears all its risks and
responsibilities are known as entrepreneurs. Entrepreneurship involves
huge risks but also a very beneficial and high reward serving operation.
This assignment report is based on different concepts of entrepreneurship.
In this report different types of entrepreneurial ventures are explained in
relation with the typologies entrepreneurship, also various differences and
similarities are seen.
INTRODUCTION

 Small business entrepreneurships this type of entrepreneurship and business
activity is started with very limited sources and resources such as finance
capital, raw material and personal. Small business enterprises are started by
an individual with the initial aim of surveying in market and earning enough
profits fulfill their basic needs.
 Large business entrepreneurship are started with huge investment and
on very big level. Here, entrepreneurs comes into market with an
innovative idea and develops strong business with the motto of serving to
customers and satisfying their needs bring to their taste and preferences
(Julien, 2018) . Huge amount of money and resources are involved in in
such business activity and large number of people are involved.
 Scalable entrepreneurship is based on the assumption the
entrepreneur have in their mind in relation with their idea. They
assume that the business idea through which they came into market
can change the world and make it a better place to live. The main
motive an aim of an entrepreneur is to enhance the marketplace with
attaining large number of profit units.
Different types of entrepreneurial ventures

 Social entrepreneurship are established with single objective of helping
others and fulfilling their needs who cannot afford and unable to do so. The
main purpose of entrepreneurship is to enhance the living standard of
people and helping them living a better life by serving them fulfilling there
wants.
Continues..

 Female entrepreneur typology defines that females are more efficient and
calm males which enables them and assist them in in making better
strategic decision for the business. Females are more competent and
patient which itch help them to take better decisions rapidly and resolve
conflicts.
 Male entrepreneur typology refers to and states that the males having
better powers and ability to monitor and control a business activity more
efficiently than women. Small and large businesses are more connected
with male entrepreneur typology as it enables them to be more
competitive in the business environment (He, Lu and Qian,2019).
 Social entrepreneur typology states that and relates to those enterprises
which are more interested in resolving problems of others and rendering
them with effective production services.
Entrepreneurial venture typologies

BASIS Large
entrepreneurship
Small
entreprenurship
Finance In small business entrepreneurship the
finances and amount which an
entrepreneur start their business is very
low (Dana, 2018). Also these finances
which entrepreneurs invest in their
business are gathered form their personal
savings or from close relatives and
friends.
On the other hand large business
entrepreneurship includes huge amount of
money as size and nature of business is
large. These finances are raised from
various sources which are authentic and
secured such as through bank loans or
through equity shares.
Size Size and nature of small business
enterprise are very clear with the name.
The operations of small entrepreneurship
are very little and they cover very small
area as their target market.
Large business entrepreneurship are open
and operated on very bigger scale. These
businesses are introduced in market with
innovative idea and involves use amount
of money e resources and employees to
fulfill the objectives of company.
Difference between large and small
entrepreneurship

BASIS Social
entrepreneurship
Scalable
entrepreneurship
Objectives The main aim and objective of social
entrepreneurship and entrepreneur behind
this business is to serve others in order to
enhance their living standard by providing
them with basic products and services.
Scalable entrepreneurship are established
by entrepreneur with an assumption that
their idea which is of innovative nature
can bring change in the world and make it
a better place to live.
Employees Basically all the employees of social
entrepreneurship are self employed and
known as volunteers. They work with the
motive of serving others and making them
happy and do not expect any salary or
regular pay.
Employees of scalable entrepreneurship
are skilled and hold best talents and
expertise (Jones and et. al.,
2018). The skilled employees or
personnel’s enables company to execute
their innovative idea into operations and
bringing best effective product in
marketplace for the customers and
satisfying their needs
Difference in social and scalable
entrepreneurship

 Initially several difficulties and complications are faced by both types
of businesses either small or large as many external and internal
factors are present which Hinder their motives but both the
entrepreneurships stand in market and earn enough profits by which
they manage to be present in external environment and give huge
competition to others.
 Both small and large business entrepreneurs enters the market with
new or innovative idea which enables them to standard market and
face the existing competition of the industry.
Similarities in large and small
entrepreneurship

 Social entrepreneurship and scalable entrepreneurship both works for
making the world a better place by rendering people goods and services
which will help them in living better life and enhancing their living
standards.
Similarities between social and scalable entrepreneurship

 Entrepreneurial ventures of various kinds having different roles and
responsibility and broadly classified into different sectors. The sectors are
public and private, enterprises perform significant role in both the sectors
(Kuckertz and Prochotta, 2018). In public sector and in favour of public
these organisations bridge answer public by offering products like food and
fulfilling shelter needs. On the other hand Private sector enterprises refers
to those business enterprises which are performing on their own and do
not have the authorisation to sell their shares in public without any
authentic and authorised body working with them.
Investigating entrepreneurial ventures in order
to gain understanding of entrepreneurship in
context of both public and private sector

 Nowadays current market situation is very crucial market is changing
everyday and in challenges are coming up in front of business. Every new
venture comes into market with their unique business objectives and take
different measures to achieve them. Small and scalable businesses steps
into marketplace and invest lots and lots of money in order to make the
operations effective and game competitive advantage over others
(Venkataraman, 2019). The even proves to be very beneficial for the
economy as well for the growth and establishment of social and cultural
life standards of people. Small and other entrepreneurial ventures have
use scope of growth and development in different economics of the world.
Critical examination of scope of entrepreneurial
ventures, growth and development

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