logo

Doc Entrepreneurship and Small Business Management Types

15 Pages4848 Words75 Views
   

Added on  2020-10-23

Doc Entrepreneurship and Small Business Management Types

   Added on 2020-10-23

ShareRelated Documents
Entrepreneurship and SmallBusiness Management
Doc Entrepreneurship and Small Business Management Types_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P.1 Different types of entrepreneurial venture and link with typology's................................1P.2 Similarities and differences between entrepreneurial ventures........................................2M.1 Entrepreneurial ventures to demonstrate an understanding of entrepreneurship............3D.2 Development and growth rate..........................................................................................4TASK 2............................................................................................................................................4P.3 Micro and small business impact on the economy...........................................................4P.4 Importance of small sector organisation..........................................................................6M.2 Small, medium and large businesses make to the economy...........................................7D.2 Critically examine how small businesses have an impact...............................................8TASK 3............................................................................................................................................8P.5 Characteristic traits and skills of successful entrepreneurs..............................................8P.6 Entrepreneurial aspect's personality reflect entrepreneurial motivation..........................8M.3 Explore and examine different lines of argument relating to entrepreneurial................9D.3 Analyse the characteristic traits, skills and motivational drivers....................................9TASK 4............................................................................................................................................9P.7 Background and experience can hinder or foster entrepreneurship.................................9M.4 Analyse the link between entrepreneurial characteristic..............................................10D.4 Evaluate how background and experience ...................................................................10CONCLUSION .............................................................................................................................10REFERENCES..............................................................................................................................12
Doc Entrepreneurship and Small Business Management Types_2
INTRODUCTIONAn entrepreneur is a person who is the proprietor of a new undertaking, venture orthought and is accountable for the inherent risks and the outcome (Ribeiro-Soriano 2017).Entrepreneurship is the enactment of being an businessperson, which can be characterized as onewho undertakes introduce, plan for finance and business insights. This report is focused onENSOFT LTD. which is a Small sector administration and is located in United Kingdom. Itprovides different cutting-edge software that runs in the core of the internet, to keep the worldconnected. This written report is supported on exploring the range of business venturesaccessible to entrepreneurs. Further, it assesses the impact of small business endeavour on theeconomy. Moreover, it will assess the entrepreneurial mentality and examine antithetic surroundthat foster and hinder entrepreneurship. TASK 1P.1 Different types of entrepreneurial venture and link with typology'sEntrepreneurship : The activity to setting up the business, talking on financial risk inthe hope of profit. Entrepreneurship as one of the fewest originative plan of attack towards thebusiness and enterprise activeness to organize, carry off and lead grouping within theorganization towards the organizational end (Linton, Solomon and et.al,. 2017). It is alsoessential an effective entrepreneurship will bring forth affirmative occurrence and betterment forthe scheme. Entrepreneur : A businessperson supply risk capital or a risk taker, monitor andcontroller the business concern activity's. The enterpriser usually sole proprietor and partner orthe one who owns the bulk of shares in an incorporated venture. In addition, entrepreneur shouldhave during the commercial activity, in order to bring command and harmony to the chaos, thisaffect all the risk that are concealed in the commercial enterprise and marketing human action.One of the most crucial part that businessperson is used creativeness and innovations, which isturned part the growth rate in market place (Mahadea, D 2018). There are some different kinds ofentrepreneur venture are as follows :- Life style entrepreneurship :- In life cycle entrepreneurship speculation is give directimpact of internal state of affairs of organisation. In this context, acquire growth as wellas sustainability through synthesizing new services and merchandise, and also throughwith the business concern of the persisting products and services respectively. Life style1
Doc Entrepreneurship and Small Business Management Types_3
entrepreneur does not seek investor as they operate their own business with their ownmedium of exchange. Scalable business start-up venture : The undertaking that have a global dynamicalmodification entire small sector business concern. This type of businessperson venturerfocus more on the quality and creative aspects of small sector business (Mamabolo, M.Aand et.al,. 2017). The main aim of such business is indicated the financial investment andthe venture capital of fund. Social entrepreneurship: In social entrepreneurship is to evolve the production andemployment for betterment, progress of people and societal system. The entrepreneur ofthis firm is focus on produce and instrumentation product and services that would be leadto effective social group. This will give direct impinging on betterment of the people. There are some typologies of entrepreneurship are as follows : Individual Entrepreneurship : Individual Entrepreneurship is autonomous and initiativeact of citizen of commonwealth and primary aim is to obtain net financial gain, based onthe geographical area of individuals themselves and carried out on position ofindividuals, for their hazard and under their property obligation. Corporate Entrepreneurship : It is a cognitive process used to formulated new business,commodity or employment inside of an existing arrangement to make over value andbring forth new revenue (Laukkanen, M and et.al,. 2018). In this context of use, inventionand development one of the most of the essence part for new evolution of small sectorcommercial enterprise. P.2 Similarities and differences between entrepreneurial venturesThe similarities and difference between entrepreneurial venture are as follows : Topic Social entrepreneurial venture Life style venture Investment Social entrepreneurial activityis seek to the investors,because, businessperson isdilated business concern formthe first network and needinvestor to commit money. Life style entrepreneur doesnot seek investor as they causalagent their investment. Exit strategy Social entrepreneur is alwaysLife style entrepreneur is does2
Doc Entrepreneurship and Small Business Management Types_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Entrepreneurship and Small Business Development Assignment
|14
|3827
|207

Understanding Entrepreneurship and Small Business Management
|14
|3753
|50

ENTREPRENERUSHIP INTRODUCTION
|17
|4977
|241

Entrepreneurship and Small Business Management Importance- Doc
|16
|4715
|279

Entrepreneurship and Small Business Management - Wiser Company
|15
|4788
|344

Entrepreneurship & Small Business Management Assignment Solution - (Doc)
|20
|5848
|233