Entrepreneurship and Small Business Management (Assignment)
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Added on 2020-11-23
Entrepreneurship and Small Business Management (Assignment)
Added on 2020-11-23
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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, 1
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