Entrepreneurship and Small Business Management

Entrepreneurship and Small Business Management
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Executive Summary
The report is all about the entrepreneurship and entrepreneurial challenges. It defines the terms
and the responsibilities of the entities. It also includes the traits of different person’s employing
the tasks and the enterprises. It defines the success of Mark Zuckerberg. It also defines the
ventures and the different types of the ventures. The report defines about the various types of the
entrepreneurship. It also defines the scope and development of the enterprise. It also defines the
growth of the enterprise. It defines the importance of the enterprise. It also defines the SME’s
and their scope.

Contents
Introduction.................................................................................................................................................3
Difference between different types of Entrepreneurial Ventures.................................................................4
Examples of Ventures and difference of them.............................................................................................4
Scope, Development and Growth of Entrepreneurship Ventures.................................................................5
Effect of SME’s...........................................................................................................................................5
Importance of SME’s..................................................................................................................................6
SME’s Contribution to Economy................................................................................................................6
Critical Analysis of SME’s impact..............................................................................................................6
Example of a successful Entrepreneur.........................................................................................................7
Traits of a Successful Entrepreneur.............................................................................................................7
Entrepreneur Upbringing.............................................................................................................................8
Entrepreneurial upbringing of Mark Zuckerberg.........................................................................................8
Conclusion...................................................................................................................................................9
References...................................................................................................................................................9

Introduction
Entrepreneurship refers to the situation or willingness of a person that will develop, manage or
organize a business venture. This situation includes risks too. The base of this process is to earn
some profit for the business venture. The example of this process can be termed as starting of a
new venture. Entrepreneur can be termed as the person who develops his own business with the
use of a new idea or a new concept. There is another term called as intrapreneur. It refers to an
employee of a given organization which innovate the product, service or any process of an
organization. The intrapreneur is financed by the company whereas entrepreneur financed for his
business himself. The resources used in the business of entrepreneur must be of himself only.
The intrapreneur can use the resources of the company. There are four types of entrepreneurship
which can be termed as small business entrepreneurship, scalable startup entrepreneurship, Large
company entrepreneurship and social entrepreneurship. The business of an entrepreneurial can be
of various typology. The entrepreneurial ventures describes four types of typology in the
business context (Ocasio, W., 1997). These four types can be defined on the basis of stages of
the business context. It may be termed as the survival, life style, managed growth and the one
last aggressive growth of business. It has various types of properties which be explored.
Difference between different types of Entrepreneurial Ventures