Entrepreneurship & Small Business Management

This presentation discusses entrepreneurship and small business management, including the typology of entrepreneurship, different types of ventures, and the similarities and differences between entrepreneurial ventures. It highlights the importance of innovation and technology in business enterprises and the role of small-scale businesses in the UK economy.

ENTREPRENEURSHIP & SMALL
BUSINESS MANAGEMENT

INTRODUCTION
 Entrepreneurship can be defined as an ability of an
individual to govern and regulate specific business named
as a start-up within new idea and innovation techniques
bike continuously minimising the risk and increasing the
profit. The people who operate this type of businesses are
called entrepreneurs. Today environment is continuously
changing and there is a need of innovation and
technology within the business enterprises to increase the
benefits as well as attract number of customer. These
improvements within the products and increment in
innovation bring the concept of small scale businesses
that operated generally low level of capital but high rate
of profit. In this report there will be discussion on
entrepreneurship and small business management which
is become important part of UK economy.

Inspect dissimilar types of business
undertakings and explain how they
relate to the typology of
entrepreneurship
 Entrepreneurship and divide concept and getting popularity in
recent days because of high rate of profit with the innovative
products. There are number of persons who are becoming the
entrepreneurs in today's market this is because of some
famous entrepreneurs and their motivational speeches. Some
of the famous entrepreneurs like Mark Zuckerberg, Bill gates
and Steve Jobs. All these are big entrepreneurs of their time as
well as current time. There are number of entrepreneurship
ventures opportunity within current market where all type of
entrepreneurship typologies has a perfect relationship between
them. Help an individual to get and grab these opportunities
but taking some risk and a huge amount of profit. Some of
these opportunities are mentioned which help the
entrepreneur to get a firm according to their choice where they
can gain maximum profit and achieve their objectives.

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 Large Company Entrepreneurial Venture: these
are those companies which use improvement for new
innovation within the existing product of the market.
They brings some specification or improvement in
the products which are already trading within the
market and have an effective share.

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 Scalable Entrepreneurial Venture:
scalable entrepreneurship ventures are those
which are directly related to production of new
idea for bringing the change within the whole
market. This type of ventures plays more focus
on increasing the market share as well as
guiding the market with innovative product.

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 Small business Entrepreneurial Venture:
Small business entrepreneurship venture are the
important part of every economy in today's environment.
There are more than 90% of the total branches are small
scale size within the economy of UK..

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 Social Entrepreneurial Venture: Social entrepreneurship
ventures can be classified as ventures that are generally form for
solving a particular issue within the society. Non-profit
organisations where they deal in providing products and services
for solving the issues will in the market. This type of ventures is
meant for making the place better to live. These are generally non-
profit organisation but they can also be some profit organisation or
hybrid organisations according to the situation within the market
and point of for example there are number of trust named as safe.
Trust which focusing on launching the sirens which are for example
there are number of trust named as safe. Trust which focusing on
launching the spellings which are recyclable. They have tie up with
number of hospitals and clinics within the country where they
provide free patient treatment for some chronic diseases as well as
help patient in meeting expensive treatment of some particular
diseases like cancer and tumour.

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Various typologies of entrepreneur’s ventures
 Typology can be defined as a function where different things are
divided according to their types.in the case of entrepreneurship
ventures these are differentiated according to their plants from
structures and style which is classified and mentioned below:
 Aggressive growth Ventures: Aggressive growth can be
define as those entrepreneurship which have their main focus on
advancement of technology and bringing the more innovation within
the environment. The main aim of the type of ventures is to stay in the
market for a longer period by maximizing the growth of company.
They always focus on increasing the market share by adopting
aggressive marketing strategies and increasing the size of the
business as a large scale.
 Lifestyle Ventures: Lifestyle branches are those which have
the main aim of expanding in growth in the business but satisfying the
customers need according to the behaviour of customer. This type of
ventures use small amount of human resources within the
organisation and run their business at a single place.

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 Managed growth Ventures: these are the organisation which
also focuses on expanding their business operation and spreading
awareness about their work to the whole world. The of the
strategies which are liberated to making the joint ventures and
using import export policy for increasing the profit as well as size of
the company and making global existence of firm. This company
have good structure as well as use the skilled worker for providing
good quality products where they can increase their market to
global level and bring sustainability within organisations
performance.
 Survival Ventures: Survivor ventures are those book focuses
on increasing the awareness about the needy people in the society.
Only focus on the needs of the society where it initiates the
business in order to increase the standard of living of those people
who are living in the society where the business is operating. Please
type of ventures has their main focus on increasing the social status
of people as well as providing different opportunity to them.

Explore the similarities and differences
between entrepreneurial ventures
Similarities Social enterprise Scalable entrepreneurial ventures Large company entrepreneurial ventures
1 These are those who focus and fulfilling needs of the
people for surviving within the society.
They clearly identify the requirements and needs of the
people and bring innovation in the products where they
can fulfil these requirements.
They are also working for fulfilling the need
for requirement of the customer but at a
large level.
2 The main purpose of this type of enterprises to increase
the standard of living of every people who are situated in
the society where organisation is working.
Increasing the profit of the organisation is the main focus
of this type of organisation where the use different type of
research and technology for improving the profit by
enabling Innovation and introducing new products and
services.
The main aim of this type of organisation is to
earn profit but at a large scale where
company improve the condition of the society
as well as working within the organisation.by
which it can take the opportunity of and
responsibility of increasing the social culture
and promoting the product of society where it
can made contribution towards the society.

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Differences Social enterprise Scalable entrepreneurial ventures Large company entrepreneurial ventures
1 They have the key focus on increasing the welfare within
the society and contributing towards the society where we
can make it proper place for living.
There is the main focus to bring innovation within the society and
market where company can increase its profit by motivating and
increasing the awareness about innovation in their product. Also
increase the interest of the people within their product for
maximizing the sales.
These are those type of organisation to bring changes within
the whole industry for a long period of time they increase their
reach and bring high class product to the society where society
can satisfy their need as well as company can increase its
profitability.
2 this type of ventures are made for increasing the social
welfare so they have no focus on hiring process as they
use to people who are working with their willingness
without intention of monetary benefits.
These are those entrepreneurship ventures to have their milk
recruiting the highly skilled employee within the organisation where
they can contribute towards the success of organisation.
These type of organisation higher the employees in the large
quantity where they also focus on their skills and ability to
perform different jobs within the organisation in increase the
chances of profitability within the firm.
3 Instances of such initiatives are Hill holt Wood, Café Direct
etc.
Samples of these free enterprise ventures are Facebook, Instagram,
YouTube etc.
Cases of these undertakings can be Microsoft, Apple, Yahoo, and
Samsung and so on.

CONCLUSION
 It can be identified from the above mentioned report that
there are number of business enterprises in social
enterprises which have effective leadership and
management within the market. Entrepreneurship is that
part of market which cannot be separated from it because
it includes the efforts and skills of entrepreneurs who run
different type of ventures within the market.it is also I
realise that there are a number of opportunities in front of
investors to invest in this type of organisation as they are
growing in number and contributing a major part in
different economy.it is also identify that entrepreneurs are
build up with the skill traits and characteristics which are
not easy for every individual to grab them they also follow
the difficult process is and learn from every mistake which
make them unique and suitable for best entrepreneur.

Thank you