Entrepreneurship and Small Business Management Various Typology

Added on - 21 Feb 2021

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Entrepreneurship and Small BusinessManagement
Table of ContentsTASK 1............................................................................................................................................4Introduction.....................................................................................................................................4Main body.......................................................................................................................................4A Different type of entrepreneurial venture and various typology of entrepreneurship............4B Similarities and differences between entrepreneurial ventures..............................................6Conclusion......................................................................................................................................7References........................................................................................................................................7TASK 2...........................................................................................................................................8Introduction.....................................................................................................................................8Main body.......................................................................................................................................8C Impact of small and micro businesses on economy...............................................................8D Importance of small and start-up businesses to social economy growth.............................10Conclusion....................................................................................................................................10References......................................................................................................................................11TASK 3.........................................................................................................................................11Introduction....................................................................................................................................11Main Body.....................................................................................................................................11E Traits, skills and characteristic of successful entrepreneur that different from other manager...................................................................................................................................................11F Entrepreneurial personality reflect motivation and mindset.................................................12Conclusion.....................................................................................................................................13References.....................................................................................................................................13TASK 4.........................................................................................................................................13Introduction....................................................................................................................................13Main Body.....................................................................................................................................14G Background and experience can hinder or foster entrepreneurship.....................................14Conclusion....................................................................................................................................14References.....................................................................................................................................14
TASK 1IntroductionEntrepreneurship is the operation of making, introducing and operating new businesswhich is often initially small business. An individual who create these businesses are called asentrepreneurs (Birley and Stockley, 2017). It has been determined as capability and effort in termof improving, managing and dealing business project along with any risks that make profits.Report will explicate different kinds of entrepreneurial venture and that link with varioustypology of entrepreneurship.Main bodyA Different type of entrepreneurial venture and various typology of entrepreneurshipEntrepreneurial Venture:It is the defined as firm which has taken place via touching chances of arranginginvention and creating promoting economical value. There are various types of entrepreneurialventure which are followed such as:NoType of EntrepreneurialVentureDescriptionExample1Managed Growth FirmsThe objective of managedgrowth firms is to makeprofitability. They are startingtheir venture via small leveland reach out their largegrowth and success (Koehler,2016).For example:Facebookis the social media firm.They are beginning theirbusiness through smalllevel as well as reachout their large growthand success.2PublicSectorEntrepreneurshipThe public sector companiesare operated through centraland localised government aswell as public company.These types of firms are listedin government standards.For example: ChildMaintenance Group ispublic sectorentrepreneurship that isdelivered their servicesfor child welfare
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