Entrepreneurship and Small Business Management Solved Assignment

Added on - 21 Feb 2021

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Entrepreneurship and smallbusiness management
.Table of ContentsINTRODUCTION...........................................................................................................................3LO1..................................................................................................................................................3P1 Types of entrepreneurial ventures and its relation to entrepreneurship typology..................3P2 Identify the similarities and differences between the different types of entrepreneurialventures........................................................................................................................................4M1 Discover the diversity of entrepreneurial aspirations to show an understanding ofentrepreneurship in the public sector and companies......................................................................5LO3..................................................................................................................................................5LO4..................................................................................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONEntrepreneurship is a way to start a business by overcoming the various risks involved, suchas finance or management. Entrepreneurial aspirations can have different ownership structuresand entrepreneurs must possess certain skills and characteristics of business and leadershipdevelopment. Personal experience and experience can influence entrepreneurship differently andcan grow or hinder business. This survey focuses on various types of entrepreneurial aspirationsand their impact on the economy. It also develops the skills and attitudes needed to start abusiness, and how personal experience and experience can affect new companies.LO1P1 Types of entrepreneurial ventures and its relation to entrepreneurship typologyEntrepreneurial aspirations differ in the following matters:Entrepreneurship in Small Business:This type of startup can only be managed by The ownerand the number of employees are very low. In addition, sales generation Not many and theseorganizations are constantly focusing on getting more customers Development of their productsor services. This type of business can be run with family membersand with friends as partners. However, several small companies offer innovative productsProducts or services and grow exponentially (Barba-Sánchez and Atienza-Sahuquillo, 2018).Scalable Entrepreneurship Start-up:This type of company starts with innovative businessideas and focus to provide innovative products or services from the start. This type Entrepreneursbelieve that their ideas can change the world and seek investment Venture capitalist. Theseorganizations are looking for the smartest minds for business and tend to create a scalablebusiness model.Large Business Entrepreneurship: Large companies have a limited life cycle and focus onproviding new products or services for customer sustainability and longevity business. Customerrequests and trends change as a result Competition, laws that force large organizations to limitinnovation and create new ones new products for a completely new market. However, the size ofthe organization is sufficient difficult innovative innovation.Social Entrepreneurship:This type of entrepreneurship focuses on solving various socialproblem with shipping their products or services (Kolvereid, 2016). These organizations focus ondoing better for people who can be charitable, charitable or hybrid.
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