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Entrepreneurship and the Small Business Management : Assignment

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Added on  2020-01-07

Entrepreneurship and the Small Business Management : Assignment

   Added on 2020-01-07

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ENTREPRENEURSHIPAND SMALL BUSINESSMANAGEMENT
Entrepreneurship and the Small Business Management : Assignment_1
Entrepreneurship and the Small Business Management : Assignment_2
Table of ContentsTask 1...............................................................................................................................................3P1: Entrepreneurial ventures and their relationship with the typology.......................................3P2: Difference between entrepreneurial ventures........................................................................4REEFERENCES............................................................................................................................11
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INTRODUCTIONEntrepreneurship plays a very significant role in the success of the economy. As being asenior member of federation of small business the responsibility to enforce the entrepreneurshipincreases. FSB has to play a role in providing services which enables the support to smallbusinesses. Entrepreneurship ventures will surely bring development in the local areas. Localareas are full of opportunities where a small business can be established in an effective manner.The overall idea behind this is improving the local economy as if the customer will buy localthen money will also stays in the community. Entrepreneurship consist with various type ofbusiness ventures which can be helpful in forming a local business. The development of smallbusinesses is also important as it is consider as an engine for job creation, but sometimes thevalue and the role of small businesses undervalued as they are small in size but the impact whichthey are having on the economy is not at small. (Linton and Solomon, 2017) Task 1P1: Entrepreneurial ventures and their relationship with the typologyThere are various types of entrepreneurship ventures are there in the environment, belowsome of the most practised ventures which entrepreneurship has:Small business entrepreneurship, In the present scenario there are ample number ofsmall businesses handles by the entrepreneurs. The main advantage of small businesses is theyrequire a small amount of investment and the flexibility is more in these type of ventures. Thetypology which small business entrepreneurs have is manager or innovator and they are theindependent entrepreneur. Scalable start-up venture, is different from small businesses ventures as they are startwith a huge objective that the particular venture will bring change into the world. These type ofventure mostly get investment from the venture capitalist. In the scalable start-up venture theentrepreneurs are having various typology such as innovator, opportunist, and visionary and soon. (Solomon and Linton, 2016)Large scale entrepreneurship, large companies have a huge life cycle which developthrough sustaining innovation and offers new products and services to the customer. The largescale companies are mostly influence by the change in the customer taste, new legislation,technology and even new competitor. These type of ventures are mostly focused on developing
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