Entrepreneurship and Small Business Management

This presentation provides an overview of entrepreneurship and small business management. It covers different types of entrepreneurial ventures, similarities and differences between them, and the scope, development, and growth of entrepreneurial ventures. The presentation also discusses the understanding of entrepreneurship in both the public and corporate sectors.

Entrepreneurship and small business
management

Table of Content
 Introduction
 Different types of entrepreneurial ventures
 Similarities and differences between entrepreneurial ventures
 Understanding of entrepreneurship in both the public and corporate sectors
 The scope, development and growth of entrepreneurial ventures
 Conclusion
 References

Introduction
Entrepreneur is a tool which can be used by entrepreneurs for establishing their own business
by undertaking of various risks for earning of profits. Entrepreneurs have a main aim to
maximize profits by bearing of all the risks. In every organisation there are various function
which have to be performed this includes collection of resources to produce quality goods &
services.

Different types of entrepreneurial ventures
Entrepreneurship
This is defined as procedure to launch, design and run new or existing business at
marketplace. It is called act to create or launch business in order to earn profit by taking high
risk at market. The person who run, manage, controlled business are called entrepreneurs. In
order to entrepreneur, it is very important to have skilled capabilities and knowledge and
ability to bear risk.

Cont.…
Enterprise
It is defined as business, company which is run by people at marketplace. This is called
activity to manage organisation as well as business along with stating new one. Enterprise can
be small, medium, large, private, public or any of them.

Cont.…
 Differentiate Entrepreneurs from Intrapreneurs
Basis of Differences Entrepreneurs Intrapreneurs
Meaning It is defined as person who focus on setting up own
business with new innovation, idea or concept.
This is referred as employee of organisation who is
undertaking innovations in process, product and
service.
Capital The capital is generated by themselves. Capital is financed through company.
Risk The risk are borne by themselves. Each and every risk is taken through company.

Cont.…
Different Activities link to Entrepreneurship
There are different types of entrepreneurship activities which are taken by them in an
appropriate manner for achievement of positive outcomes. These activities leads to attainment
of business goal and objectives in effectual way. The activities of entrepreneurship includes
planning next product, brainstorming next business, mentoring, strategizing marketing move,
studying behavior of human, creating network, reading book and so on. These are the small
and simple activities that leads business towards success and growth at marketplace.

Cont.…
Different Types of Entrepreneurial Ventures
Entrepreneurial venture is referred as concept to provide advisory services to companies
who are at their initial or mid stage for better performance so that they can attain goal and
objectives. The several kinds of entrepreneurial venture undertaken by entrepreneurs are as
follows:
 Small Business Entrepreneurship
 Scalable Start Up Entrepreneurship
 Large Company Entrepreneurship
 Social Entrepreneurship

Similarities and differences between
entrepreneurial ventures
Similarities as well as differences among entrepreneurial ventures are:
 Similarities Between Private, Public and Social
 The structure of all these organisation varies but common intent is to adjoin functions of
departments to achieve business goal and objectives in appropriate manner.
 The three of them focusing on career development that provide support to employees
growth and success in order to provide them motivation as well as satisfaction.

Cont.…
 Differences Between Private, Public and Social
Basis of Differences Private Enterprises Public Enterprises Social Enterprises
Roles Role is providing job opportunities at
country for growth and development
at market.
Role is to maximise local supply of
employment in appropriate way.
Role is developing standard of
people to develop society.
Characteristics This enterprise does not focus on
involving government intervene
because controlling and managing is
done by itself or owner.
Such business are managed,
controlled by high authority,
government and others.
It is the enterprises which is
formed for society and possess
societal ownership, intent.
Objectives The objectives is achieving high sales
and profits.
The objective is maximising
economic growth and development
of nations.
The objective is working for
society welfare so that profits can
be attained or achieved.

Cont.…
 Differences Between Micro, Small and Medium Enterprise
Basis of Comparison Micro Enterprise Small Enterprise Medium Enterprise
Definition This is referred as business whose
annual turnover is £1 million.
It refers to business having per
annum turnover between £1-20
million.
It refers to business which has
turnover between £20- £300 million.
Example Boss Brewing Marshfield Bakery Trading Scents

Understanding of entrepreneurship in both
the public and corporate sectors
Basis of Differences Private Enterprises Public Enterprises Social Enterprises
Structure It possess flat structure as it is
focusing on functions and department
consistency.
It carry hierarchical structure
because of which it has to perform
more practices on continuous basis.
This has functional structure which
possess intent to complete business
goal as well as objectives with
combined potential.
Size This depends on business objectives
as well as aim.
It has large size because of capital
formation from public as well as
market to rise organisation value
and ethics.
The size differs as it focus on
development and growth of
society.
Examples TESCO, Marks and Spencer. Oil company British Petroleum,
NHS
Welcome Trust, Gravity Lights

The scope, development and growth of
entrepreneurial ventures
Entrepreneurial venture is significant as other typed of business. Here, scope and development
is rising due to people showing their interest in investment of new business than own and
young people are more focused towards their own than taking job of 9 to 5 (Wu, Si and Wu,
2016). Business cannot run without managerial ventures, intrapreneurs, entrepreneurs. In
current scenario, people are more innovative and creative.

Conclusion
This presentation is based on different entrepreneurial ventures and its relation to typology of
entrepreneurship. There is understanding of similarities & differences between various
entrepreneurial ventures. There are different types of entrepreneurial systems and projects
which is having a direct impact on people, and society. There have been many technological
developments taking place all these posses impact on various business enterprises.

References
 Monitor, G.E., 2016. Global entrepreneurship monitor. Empreendedorismo no Brasil
(Relatório Nacional). Curitiba: Instituto Brasileiro de Qualidade e Produtividade, Paraná.
 Kuratko, D.F., 2016. Entrepreneurship: Theory, process, and practice. Cengage Learning.
 Light, I., Bhachu, P. and Karageorgis, S., 2017. Migration networks and immigrant
entrepreneurship. In Immigration and entrepreneurship (pp. 25-50). Routledge.

Thank You