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Entrepreneurship & Small Business Management Essay : Educ8 Group

   

Added on  2020-07-23

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Entrepreneurship and SmallBusiness Management
Entrepreneurship & Small Business Management Essay : Educ8 Group_1
Contents
Entrepreneurship & Small Business Management Essay : Educ8 Group_2
IntroductionEntrepreneurship is ability to take risks and set up business enterprise. It helps in bettermanagement of business functionthat will help in significant handling of different operationsthat will help in effective attaining of better productivity and profitability. The entrepreneurshipleads to the better adopt ability of various measures that help in significant increase in businessoperations (Bae and et.al., 2014). The Small and medium enterprises (SME’s) will help in betterhandling of different functions that helps in significant increase in the business operations. Forthe report, Educ8 Group is been taken as organization in context. This report will cover details ofvarious types of entrepreneurial ventures and its different typologies along with similarities anddifferences are been taken into consideration, the roles and characteristics of the various venturesis been discussed. The impact of micro or small business on economy is been taken intoconsideration. Apart from this, various entrepreneurial skills sets and the effect of their mindsetis been taken into consideration with factors hindering or fostering the entrepreneurial ventureare discussed.Part 1P1 Discuss various entrepreneurial ventures along with the typology of entrepreneurship.Different types of the entrepreneurial ventures will work in different ways to carry outtheir business operations, as per the size and the capabilities or efficiency of the enterprise. Thedifferent types of operations will help in significant increase in various operations which helps inthe effective gaining of better profitability and productivity. Some major types of theentrepreneurial ventures and their typology are as follows:Small Business Entrepreneurship: This type of entrepreneurial ventures help in bettergrowth of different functions that are limited in growth, finance and other resources.They consist of the largest number of the business enterprise and cater the maximumnumber of customers. The small and medium business enterprises or SME’s are usuallyowned by a single individual. The employees are generally the local people or the familymembers who work in the enterprise. This also helps in effective management ofdifferent operations that will produce the raw material and skilled labor for the otherentrepreneurial ventures. Other than this, the SME’s will generate the largest number ofjobs for the candidates.Scalable startup Entrepreneurship: This entrepreneurial venture will help in betterhandling of different operations which will help in effective rise in different operations
Entrepreneurship & Small Business Management Essay : Educ8 Group_3

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