Entrepreneurship and Small Business Management (Assignment)

Added on - Nov 2020

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Entrepreneurship and
Small Business
Management
Table of Contents
INTRODUCTION...........................................................................................................................1
TASK1.............................................................................................................................................1
P1 Several categories ofentrepreneurial ventures and their relation to typologies of
entrepreneurship...........................................................................................................................1
P2 Sameness and differentiation between entrepreneurial ventures............................................3
P3 Evaluating and interpreting the effects over micro and small business on economy.............4
P4 Examining the contribution of Small and start-ups towards growth of social economy after
......................................................................................................................................................6
TASK 2...........................................................................................................................................7
P5 Examining the Qualities as well as traits of idol entrepreneurs and differentiation with
business manager.........................................................................................................................7
P6 Assess entrepreneurial personality reflect their motivation and mindset...............................8
P7: Examining the relevant examples of persons history of becoming entrepreneurs..............10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12
INTRODUCTION
In recent time entrepreneurship is defined as the activity related to establishing a new
firm or an organisation and basically performed by the individual named entrepreneur with the
main motive of generating the revenues and ready to bear the associated risks. Generally, the
entrepreneur identifies the unmet or unsatisfied needs or wants of people and take advantage of
that deficiency and render the services or products to satisfy that unmet needs with the main
motive earning revenues and profits . Furthermore, the entrepreneurs are the individual who
converts the entrepreneurial idea into the entrepreneurial business opportunity and bears risks
only with an aim of generating income or profit. It is crucial for the incorporation of the venture.
This report examines the several entrepreneurial ventures and classifications with the help of a
consultancy firm “Make it work” which helps the individual entrepreneur by advising them
potential methods for becoming successful their venturers. Besides this, impact over medium
companies on social and economic growth within UK the important feature of businessperson
attribute consideration over their mind-set and examines motivation. Along with this, motivation
and background foster or hinder entrepreneurship also examined.
TASK1
Covered in Booklet
TASK 2
P5 Examining the Qualities as well as traits of idol entrepreneurs and differentiation with
business manager
Entrepreneurs termed as the individual who launch a new business venture by converting
the entrepreneurial ideas into the entrepreneurial business opportunity and bears risks only with
an aim of generating income or profit (Hlady‐Rispal and Jouison‐Laffitte, 2014). It is crucial for
the incorporation of the venture. It is also essential that they have abstractions of directing and
coordinating their employees for working as a team the two idol entrepreneurs are “Bill Gates”
or William Henry Gates III is an American business magnate, investor, author, philanthropist,
and humanitarian. He is best known as the principal founder of Microsoft Corporation is the
founder and owner of the Microsoft Corporation (USA) and “Henry Ford” Henry Ford was an
American captain of industry and a business magnate, the founder of the Ford Motor Company,
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