Entrepreneurship and Small Business Management.

Entrepreneurship and
Small Business
Management

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
P1. Examination of different types of entrepreneurial venture and their relation with typology
of entrepreneurship......................................................................................................................1
P2. Exploration of similarities as well as differences of entrepreneurial venture.......................2
P3. Interpretation as well as assessment of relevant statistics and data to explain impact of
micro as well as small business on economy of country.............................................................3
P4. Explanation of importance of start-up and small business on social economy.....................5
P5. Determination of characteristics train and skills to differentiate between entrepreneur and
business managers........................................................................................................................6
P6. Assessment of different aspect of entrepreneurial personality that reflect on entrepreneurial
motivation and mindset................................................................................................................8
P7. Examination of different example, background and experience that hinder as well as foster
relationship ..................................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................11

INTRODUCTION
Entrepreneur is a person which introduce new concept, idea, products and service as per
requirement and demand of a person (Ahmed, Chandran and Klobas, 2017). Entrepreneur is only
person who invest their money in market to start a business and earn whole risk in makrut in
order to earn profit for business. These posses different set of skills which helps them to
successfully run their business. This project report discussed about illustration and different ranfe
of types of entrepreneurial venture. It includes assessment of impact of small and micro business
on economy of a country as well as determination of different aspect of entrepreneurial mindset.
It also includes examination of different factors of environment which hinder and foster
entrepreneurship.
MAIN BODY
P1. Examination of different types of entrepreneurial venture and their relation with typology of
entrepreneurship
Entrepreneurial Venture:
 Entrepreneur: Entrepreneur refers to a person that undertakes as well as operates
enterprise venture and also assume accountability which is inherent risk (Dias, Rodrigues
and Ferreira, 2019).
 Serial Entrepreneurs: Serial Entrepreneur is one that starts as well as lead one to
another and multiple business. Serial Entrepreneur is different entrepreneur as these are
engaged in multiple business whereas entrepreneur is engaged in single business.
 Intrapreneur: Intrapreneurs are corporate entrepreneur who are in large organisation.
These are coming up with new ideas for products as well as service. Intrapreneur are
work with innovation and contribute with decision to perceive valuable assets by
enterprise.
 Owner manager: Owner managers are person who are working to establish as well as
managers enterprise for purpose of attainment of their personal goals. These enterprises
are primary source of expense and income for thee owner managers.
Entrepreneurial Typology:
Small Business Entrepreneurship: Individual people are most likely to start small business to
earn profit for providing support to their family. In UK, there are large numbers of small
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