Entrepreneurship and Small Business Management

ENTREPRENEURSHIP
AND SMALL BUSINESS
MANAGEMENT

TABLE OF CONTENTS
PROJECT 1.....................................................................................................................................1
P1 Several types of entrepreneurial ventures as well as Typology of entrepreneurship.............1
P 2 Similarities and different between entrepreneurial venture...................................................2
P 3 Impact of micro and small businesses that affects the economy...........................................3
P 4 Importance of small business and start ups for the growth of social economy.....................4
PROJECT 2.....................................................................................................................................4
P 5 Characteristic traits and skills of successful entrepreneurs that differentiate them from
other business managers..............................................................................................................4
P 6 Ways in which aspects of the entrepreneurial personality reflect entrepreneurial motivation
and mindset..................................................................................................................................5
P 7 Ways in which background and experience can hinder or foster entrepreneurship..............6
Conclusion...................................................................................................................................7
REREFENCES................................................................................................................................8

PROJECT 1
P1 Several types of entrepreneurial ventures as well as Typology of entrepreneurship
Entrepreneur ventures are also defined as a firm that focuses on innovation as well as
opportunism to produce social and economic value. Entrepreneurial ventures are considered as
the entities that performs various functions of launching business, functioning and designing that
can be owned through entrepreneur. Some of entrepreneurial ventures are given below
Micro-entrepreneurial ventures= These are consider as one of entity that are related to the
small business as the only differentiate is that they focuses on innovative products and also have
minimum no of the staff members. For example 10 number of employees. They are barely
profitable but at the same time they only makes money for living as well as support their
families.
Small ventures – these are the firms that are linked to the small business. They have more
number of employees than micro-enterprise but less than large enterprise. Within this type of
entrepreneurship, they start believing that their vision can change the world (Monitor,2016).
Funding can be come from venture capitalist as well as hire the best people. They also make up a
small proportion of all business due to outsize and capital returns. For example Instagram
Large enterprise= These are the entities that focuses on the large number of the staff members
and also grows day by day innovating new products as well as services and many more. New
products are also developed so that they can meet the changing demands of the customer. Such
as Microsoft ,Google and many more.
Social Entrepreneurship= It is considered as an organization that creates products as well as
services in order to solve the social needs as well as problems. The main goal of the such entity
is to make the better place as well as not always makes the profit. One of the best example of
social entrepreneurship is a firm names as Safe point Trust as it works for the redesign medical
tools as well as introduce cost effective non reusable syringes for understands clinics across the
world.
Various types Typology
Survial entity= It can be utilized to meet the financial obligations of the firm as well as also
survive to the extended. It mainly focuses on the characteristics by employment freeze,laying of
the employees as well as cutting costs.
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