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Solved Entrepreneurship and Small Business Management - Assignment

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Added on  2021-02-21

Solved Entrepreneurship and Small Business Management - Assignment

   Added on 2021-02-21

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Entrepreneurship andSmall BusinessManagement
Solved Entrepreneurship and Small Business Management -  Assignment_1
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INTRODUCTIONEntrepreneurship is chain of activities related with the commencing new businessactivities and venture ship by bearing various kinds of risk factor in order to earn hugeprofitability to remain always competitive in marketplace. Entrepreneurs are very muchimportant for an business as they bring new idea into practice to remain always competitive inmarketplace. As economy is very much evaporable in nature, to remain stabilises having skillsand knowledge to start the unique concept. Entrepreneurial skills are very prominent in regardsof demand to establish the business and every business either it is large or small have to beentrepreneurial skills to survive in business environment. Entrepreneurs and their skills is verymuch important in today's competitive world as employment rises day by day so it helps forestablishing opportunities of job opportunities. This assignment is based on the various kinds ofentrepreneurial ventures and their abstraction with typology of entrepreneurship. It also includessimilarities and difference in between the entrepreneurial ventures with data and statistics torelate with micro and small business and their effect on economy. Further it elaborates thesignificance of enterprises and star tup in economy of the nation. It also includes thecharacteristics traits and skills that is very much significant potential to become a successfulentrepreneur. It also includes the entrepreneurial aspects that shows the entrepreneurial aspectwhich indicate the businesspersonmentality and condition. At last it includes the ground andeducation which hinders or surrogate entrepreneurship by using examples. TASK 1P1 Various kinds of entrepreneurial ventures and typologies:Entrepreneurial undertaking which focused on supply or establishing the advisoryemployment to the early and mid phaseinstitution (Amatoa and et.al ., 2017 ). Respective kindof ventures occurs the high level of returns in respect of various kind of uncertainties to reap
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major outcomes. In it various kinds of activities or actions includes from small to the large scaleorganisation that are as follows:there are different kinds of entrepreneurial undertaking that are as follows:Small business entrepreneurship:In today's enterprise world the majority of the business still operate at small scale, in themarket of UK most businesses are small scale for their livelihood. In small businesses includesthe grocery stores, electricians, hairdressers and travel agents that initially operate at very smalllevel and then expand their market in order to gain sustainability and profitability. Scalable start-up entrepreneurship:Scalable start ups and entrepreneurs are the silicon valley entrepreneurs and the venturesinvestors too. Respective entrepreneurs outset their undertaking after informed from the day oneregarding the vision to modification in the global in order to remain competitive in marketplace(Brush and Greene, 2015.). By attracting investment from the equally crazy kind of investorsfrom the venture capitalist by hire the brightest one in order to remain always competitive inmarketplace. The major work is to discover out one of most repeatable and scalable businessmodel. Scalable start ups in innovation clusters form the little percentage of entrepreneurs andstart ups with help of oversizecurve and to pull risk capital. Large company entrepreneurship:Large companies have the mortal kind of life cycle with the help of sustaininginnovation, by in order to remain competitive in marketplace that helps to cope about theproducts. They build products and services as per the change in customer tastes, advent of newtechniques, legislation and commencement of competitors in order to beat them. Social entrepreneurship:Social entrepreneurs are the individuals who centring on the building the products andservices to understand or resolve to resolve concerns of consumers (Burns and Dewhurst,2016..). As the goal of scalable entrepreneur is to brand the world peaceful place to live not tooccupy market or wealth for founders. Social entrepreneurs are no profit or hybrid kind ofenterprise for the welfare of society.Entrepreneurial typology:Lifestyle entrepreneurs :
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