Entrepreneurship and Small Business Management

This presentation provides an overview of entrepreneurship and small business management. It discusses different types of entrepreneurial ventures, their differences and similarities, and the purpose of their existence. The presentation also includes references for further reading.

Entrepreneurship and Small
Business Management

Table of Content
• Introduction
• Different types of Entrepreneurial venture
• Difference between entrepreneurial venture
• Similarities between different entrepreneurial venture
• Conclusion
• References

Entrepreneurship is an act and ability of a person to create, visualize, develop and organize
thoughts and ideas in new business enterprise with an aim of gaining more profit in appropriate
way. In addition to it, the main purpose of entrepreneurial venture to accept creative thoughts
as well as bear all kind of loss and threat by its own order to accomplish rivals benefits within
competitive sector.
Introduction

Entrepreneurial venture
It is consist with those determinant that intends that venture which is started by
entrepreneur for manufacturing good quality goods and service in competitive industry are
termed as entrepreneurial venture. In addition to this, it is segregated in to diverse forms of
ventures that differentiate then from each other regarding roles and responsibilities. Some
of them are described as under:
Different types of entrepreneurial ventures

Small business entrepreneurship- In this kind of entrepreneurship, business operation and
actions are carried out with limited source of manufacturing like land, labor, capital,
material in order to fulfill the needs of domestic members.
Scale startup entrepreneurship- In it, an individual incorporates a business with the hope
of improving and developing the economic state of nation by investing in different field of
business.
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Large company entrepreneurship- In this entrepreneurship, the person searchers for
innovation to fulfill the needs and demands of consumers as well as gain more profit by
using available sources in proper way.
Social enterprise venture- It refer to those companies which establish for providing social
benefits to the people. Apart form it, they are totally monitored in resolving problems of
community rather than acquiring profitability and wealth.
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Entrepreneurial venture typologies
Typology indicates to rules, size, culture, models and structure etc. of a specific
enterprise. In context of entrepreneurial ventures, there are different types of typologies
that differentiate from each other but also interrelate for accomplishing sustainable profit
in a set time frame, Some of them are explained as below:
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Serial entrepreneur typology- It consists scale-up entrepreneurship who devises an effort to
collect creative and better thoughts in to business activities for achieving sustainable profit
margins.
Social entrepreneur typology- It refer to those ventures who are established to resolve
social problems in order to make development in living standard of specific community or
people in an effectual manner.
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Female entrepreneur typology- This typology refers that females have more patients in
comparison to male that direct them to apply effective strategic decision for particular issue
and conflict.
Male entrepreneur typology- It indicates that male entrepreneur are more effective in
controlling and determining total business actions in comparison to female. Thus, small
business and large business are interrelated with such kind of typology because these
companies are operated their business in more competitive and challenging business
environment rather than social ventures.
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Differences between entrepreneurial ventures
Basis Small business
entrepreneurship
Scale star-up
entrepreneurship
Large company
entrepreneurship
Social enterprise
venture
Meaning It refer to those business
which operate by 50 or
more than that workforce.
In this, it refer to those
group of people who devise
an effort to use effective
policies, process, strategies
with the hope of modifying
the current scenario of world
in a better geographic point.
This venture are connected
to those in which individual
takes an initiative to find
out the existing and
emerging trend of
marketplace.
In it, this type of
venture states to those
person who makes and
effort to serve
community and society
by resolving their
problems and offering
them effective welfare
sessions.

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Key attributes In small business,
employees of the
company perform their
roles and responsibilities
with the help of limited
resources ans work fro
satisfying household
requirements in
prescribed manner.
These kind of entrepreneur
are majorly emphasis over
transforming the world so
that they can attract
different enterprise
investors that help them to
operate their business and
accomplish their aim.
It refer to those
organisation which makes
an effort to monitor the
needs or demands of
current sector that is based
on that produce goods and
services which help in
gaining competitive
benefits.
These venture
incorporate their
business with a vision of
developing and
improving the living
standard by offering
them effective goods
and services or resolving
their problems.

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Purpose of
existence
The main purpose of this
kind of business is to earn
profit to fulfil their
livelihood needs in an
amended way.
The major motive of these
kind of companies is to get
attention of inventors to
accomplish their business
aim.
The main purpose of large
business organisation is to
fulfil consumers needs by
offering products and
services according to their
needs and earn profits and
enhance productivity of the
firm.
The purpose of social
business is to solve social
issues by offering good
product and services so
that they can improve the
level of living standard.

 Each types of entrepreneur use their all efforts and effectiveness regarding the
development of the economy in better way.
 All the entrepreneur contains its own purpose and motive behinds their existence.
 Each kind of entrepreneur faces different problems and issues regarding economic,
technological and cope up with future demand of customer.
Similarities between different entrepreneurial
ventures

Conclusion
For the preceding defined information, it can be conclude that entrepreneurship is an activity
and ability of a person to develop, organise, manage, control and introduce a new
enterprise in to marketplace with an aim of creating increased level of profitability with
effective use of resources. In addition to it, there are different kind of entrepreneurial
venture which are differ from each other on the basis of their roles and responsibilities.

 Schaper, M. ed., 2016. Making ecopreneurs: Developing sustainable
entrepreneurship. CRC Press.
 Storey, D.J., 2016. Entrepreneurship and New Firm: Theory and Policy. Routledge.
 Volery, T. and Mazzarol, T., 2015. The evolution of the small business and
entrepreneurship field: A bibliometric investigation of articles published in the
International Small Business Journal. International Small Business Journal. 33(4).
pp.374-396.
References

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