Entrepreneurship and Small Business Management

Entrepreneurship and
small business
management(

Table of Contents
INTRODUCTION:..........................................................................................................................1
Lo 1:.................................................................................................................................................1
p1: examine the different types of the entrepreneurial ventures and explain how they relate to
the typology of the entrepreneurship. .........................................................................................1
P2: explore the similarities and differences between the entrepreneurial ventures....................2
M1: investigate the diverse range of the entrepreneurial venture to demonstrate an
understanding of entrepreneurship in both the public and corporate sectors.............................2
D2: critically examine the scope, development and growth of entrepreneurial ventures...........3
Lo 2:................................................................................................................................................3
p3: interpret and assess relevant data how micro and small businesses impact on the economy
.....................................................................................................................................................3
P4: explain the importance of small businesses and business starts -ups to the growth of the
social economy............................................................................................................................4
M2: examine the difference small, medium and large businesses make to the economy
applying relevant data ................................................................................................................4
D2: critically examine the how small business have impact on different level of the economy.
.....................................................................................................................................................5
Lo 3:.................................................................................................................................................5
p5: determine the different characteristic traits and skills of successful entrepreneur that
differentiate them form the other business manager...................................................................5
P6: how the aspect of the entrepreneurial personally .................................................................6
M3: explore and examine the different lines of the argument relating to the entrepreneurial
characteristic...............................................................................................................................7
D3: analyse the characteristic traits and motivational drivers of the successful entrepreneurs.. 7
Lo 4:................................................................................................................................................7
p7: examine how the background and experience can hinder or the foster entrepreneurship.. . .7
M4: analyse the link between the entrepreneurial characteristics and the influence of the
personal background...................................................................................................................7
D4: critically evaluate how background and experience influence entrepreneurs :....................8

Conclusion :....................................................................................................................................8
References: ......................................................................................................................................8

INTRODUCTION:
An entrepreneur refers to the person who takes the risk in the market by developing the new
business and bear the different kinds of the risk and earn the profits in lieu of providing the
goods and services. He is a person who convert the raw material into the effective good so that
they can carry out all the business at larger scale and enjoy the profits. In the another words,
entrepreneurship refers to the methods where the different kinds of the good are produced under
the various venture. Entrepreneur is a person who comes up with new and innovative goods at
the market place to attract more customer at the market place to have enhance profits margin.
Under this reports, the Morrisons is know as the one of the largest supermarket in the UK market
place as it provide the different kinds of the goods and service to the customer . Further examine
the impact of the different kinds of the business on the economy and skills which are needed to
be successful entrepreneurs in the market place.
Lo 1:
p1: examine the different types of the entrepreneurial ventures and explain how they relate to the
typology of the entrepreneurship.
There are different types of the venture in the market which are carried out in the most effective
and profitable manners so that good are provided to the customer and capture the market place.
Some of the effective ventures are stated as below:
small business : under this ventures, it induced the grocery stores, consultants and any kinds of
services in the market place . This people are one who run their own business in the market at the
small scale and earn the desire profits in the long time frame.
larger enterprises: here the companies who works at that the larger level are included and
which are ready to offer the new and advance product to its customer at the market place. Here
the change in the customer taste and preferences are examined and effective changes are made in
the good to achieve the desire results.
social businesses: under this type, the entrepreneurs are the person who provide the creative and
innovative goods that will solve the issues of the society and full fill the needs of the social
people at the larger scale. (Wirsching, K., 2019)
1