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Entrepreneurship and Small Business Management INTRODUCTION 1 TASK 11

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Added on  2021-01-01

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Entrepreneurship and small business management SUMMARY 1 TASK 11 a) Different types of entrepreneurial ventures and their typology1 b) Relevant data and statistics to illustrate impact on economy of small and medium size business and their importance to the growth of social economy 4 TASK 27 1 Characteristics traits, skills and motivational drivers of successful entrepreneurs with the example of well-known British entrepreneur7 2 Background and experience of successful entrepreneur7 2 Background and experience of successful entrepreneur7 2 Characteristics traits, skills and motivational drivers

Entrepreneurship and Small Business Management INTRODUCTION 1 TASK 11

   Added on 2021-01-01

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Entrepreneurship and smallbusiness management
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1a) Different types of entrepreneurial ventures and their typology ........................................1b) Relevant data and statistics to illustrate impact on economy of small and medium sizebusiness and their importance to the growth of social economy............................................4TASK 2............................................................................................................................................71 Characteristics traits, skills and motivational drivers of successful entrepreneurs with theexample of well-known British entrepreneur.........................................................................72 Background and experience of successful entrepreneur which influenced them in positivelyand negatively.......................................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
Entrepreneurship and Small Business Management INTRODUCTION 1 TASK 11_2
Entrepreneurship and Small Business Management INTRODUCTION 1 TASK 11_3
INTRODUCTIONAn individual who undertakes risk of business and ownership is called entrepreneur. Anentrepreneur has the ability and willingness to learn, courage of risk taking etc. entrepreneurshipis a process of running a business which mostly involve small businesses. Red bridge boroughcouncil is a local authority which has n=more than 35 parks and playgrounds to enjoy. This casestudy defines various types of entrepreneurial ventures and typology of entrepreneurship. It alsoshows differences and similarities among different ventures (Burns and Dewhurst, 2016). Itillustrates relevant data and statistics of UK's small and medium size businesses which impact ontheir economy with public and corporate sector. This report shows characteristics traits and skillsof successful and skilled entrepreneurs which make them differ from other business managers.There are many entrepreneurs whose family background and experience influenced them inpositive manner and in negative manner but even after got succeed.TASK 1a) Different types of entrepreneurial ventures and their typology An entrepreneur is an individual who starts a business with new ideas, services andgoods. They are the people who bring new ideas, skills and knowledge in market for developingthe businesses. Entrepreneurship refers the process of starting a business. Some entrepreneurialventures are as follows:Micro size enterprises: Micro enterprises are a small type of business with small number of employees at Redbridge council. For running this type of business there is a need of maximum 10 people andsmall amount of capital. For micro size manufacturing enterprises there is a requirement ofinvestment is up to 2.5 million.Medium size enterprise:In medium size enterprise at Council, there is about 250 employees who work fordeveloping business. The main motive of this type of enterprises is to expand their business,maximize profits and being in a competition. Manufacturing enterprises of medium size requires25 million investment for running this (Chen, Chang and Pan, 2018).Intrapreneur:1
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