[DOC] Entrepreneurship and Small Business Management Assignment Sample

ENTREPRENEURSHIP AND
SMALL BUSINESS
MANAGEMENT

Contents
INTRODUCTION...........................................................................................................................3
TASK...........................................................................................................................................3
P1 Examine the different types of entrepreneurial venture that might be related to typology of
entrepreneurship. .........................................................................................................................3
P2 Explaining the similarities and differences between entrepreneurial ventures .....................5
P3 Statistical data of small and micro business and their impact on economy .........................7
P4 Demonstrate the importance of small business and business startup will contribute for
growth of social economy after ‘Brexit’ .....................................................................................9
P5 Characteristics, traits and skills of two successful entrepreneurs which different from other
business managers. ....................................................................................................................10
P6 Successful entrepreneurial personality, feeling and behavior differences ..........................13
P7 Examine background and experience can hinder or foster entrepreneurship.......................13
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15

INTRODUCTION
Entrepreneurship is a risk taker, a person who established their new business by taking
risks of own money to start up new project. Bill gates and Arianna Huffington are the example of
entrepreneurs. Strong work ethic, good leadership and creative thinking is their skills which they
are needed. Open minded, self-starter, competitive and creative is the qualities of successful
industrialist. In managing the small business, they played an important role. In this project Joe
woods is an entrepreneur they make a financier partner of their business, the owner of
organisation established an IT business. Entrepreneurship and small business management
provide a different type of learning knowledge to people who need to established a new business
in marketplace. Joe wood is an American football coach. This unit explore the variety of venture
type that influence entrepreneurial (Schaper, and et.al., 2014). Evaluate the impact of small
business on economy and also determine key aspects of entrepreneurial. At last it observes the
different environment that foster or hamper entrepreneurship.

TASK
P1 Examine the different types of entrepreneurial venture that might be related to typology of
entrepreneurship.
Research executive of the company need to search a lot of different ideas for services or
products. Entrepreneurial is a single person who run company business with some limited plans
and assist. Joe woods is responsible for every rewards and risk of her business. As the partner of
their venture they need to the best ideas to owner. There are 4 types of entrepreneurship venture
first is Small business entrepreneurship, second medium startup entrepreneurship, third is large
organization entrepreneurship and last forth is social entrepreneurship.
1. Small venture entrepreneurship: Entrepreneur start up a small business in United states.
This type of entrepreneurship has low budget for making their products. Such as grocery
shops, travel agents, plumbers and electricians etc. they all worked for low price, they
cannot be able to established their own large business in country. These people can hire
for local workers. Their description of growth is to feed their members in family this is
the profit of their job. Small business entrepreneurial cannot able to take over an
organization and make profit in millions (Lee, and Lee, 2015). They collect funds to
family members and friends or taking some loans for starting their small shop of any
field in marketplace.
2. Medium startup entrepreneurship: Establishing new business in marketplace
entrepreneur has a vision to achieve profit in their business. It defines that person
individually start their business within the aim of making profitability. They make some
innovation for growth of company. But at the point of starting new project they also
face risks as same as the small venture does. Entrepreneur is starting medium venture
they have funds more than small venture enterprises.
3. Large company entrepreneurship: In this type of venture owner have a large amount of
money to finance or run their business. Their main motive is to earn profit and create
new ideas of earning money. They also face some issues in establishing new company
in marketplace. For having high funds, they can make innovation on large level. They
also use different techniques for growing organization better than the others. Large