Entrepreneurship and Small Business Management

This presentation discusses the types of entrepreneurial ventures, similarities and differences between them, and critical examination of scope, development, and growth. It also explores the investigation of a range of entrepreneurial ventures.

Entrepreneurship and Small Business
Management

Table of contents
 Introduction
 Entrepreneurial Ventures
 Similarities and Differences between Entrepreneurial Ventures
 Investigation of a range of entrepreneurial ventures
 Critical examination of scope, development and growth of entrepreneurial ventures
 Conclusion
 References

INTRODUCTION
Entrepreneurship is an activity which involves a lot of risk-taking. This is due to the
new idea which is required in it. In this presentation, discussion will be made on types
of entrepreneurial ventures, similarities and differences between them. Also, analysis
will be made on range of entrepreneurial ventures and critical examination of scope,
development and growth.

Types of entrepreneurial ventures
 There are different types of entrepreneurial ventures. These can be explained as
follows-
 Small business entrepreneurship- In this type of entrepreneurship the entrepreneurs
start a small business by taking risk and therefore they can make sure that they are able
to achieve success in this type of business.
 Scalable startup entrepreneurship- In this type of entrepreneurship the entrepreneurs
believe that their idea can change the world and therefore they start the business with a
new and fresh idea.

Continued…
 Large company entrepreneurship- In this type of entrepreneurship the entrepreneurs
invest in a large scale business by taking a lot of risk and thus they believe that they
earn higher level of profits.
 Social entrepreneurship- In this type of entrepreneurship the entrepreneurs are
required to make sure that they are able to bring a change in the society. They do not
aim for profits in this type of entrepreneurship.

Typologies of entrepreneurship
 Lifestyle-oriented- In it, the entrepreneur starts a business with a main aim and
objective of altering lifestyle.
 Growth-oriented- In it, the entrepreneur aims to make sure that the enterprise achieves
higher growth rate in the future time period.

Continued…
 Female entrepreneurship- In it, the females take charge and start a business by taking
risk.
 Innovation-driven entrepreneurship- In it, the sole purpose of working of
entrepreneurs is to make sure that they can create new products for the people.

Similarities and differences between
entrepreneurial ventures
Similarities-
 In all the type of entrepreneurial ventures an initial investment of capital is required so
that the business can be started without issues and problems.
 In all the type of entrepreneurial ventures risk is taken by the entrepreneurs to start the
business.
 In all the type of entrepreneurial ventures the entrepreneurs make sure that they are
able to take the initiative to start a new business.
 In all the type of entrepreneurial ventures the entrepreneurs are required to creative and
innovative route for achieving the desired success.

Continued…
Differences between entrepreneurial ventures-
Basis Small business
entrepreneursh
ip
Scalable
startup
entrepreneursh
ip
Large
company
entrepreneursh
ip
Social
entrepreneursh
ip
Capital Low initial
capital
investment is
required.
Heavy initial
capital
investment is
required.
Heavy
investment is
required.
Low investment
is required.
Risk The risk here is
comparatively
lower than the
other types of
entrepreneurial
ventures.
The risk here is
comparatively
higher than the
other
entrepreneurial
ventures.
The risk here is
higher because
of the heavy
investment
which is
required in this
business.
The risk here is
comparatively
lower.

Continued…
Objective To earn profits
so that business
can be
sustained in the
long-term.
To innovate
and earn higher
level of profits.
To maximize
the profits
using he
economies of
scale mode.
To provide
value to the
society by
serving it
effectively.
Size The size of the
businesses here
is small.
The size of the
businesses here
can be small or
medium or
large.
The size of the
businesses here
is large.
The size of the
businesses here
can be small or
medium or
large.

Continued…
Innovation These
businesses
focus on
innovation but
cannot invest
heavily on it
due to the
limited funds
which they
have and thus
they have a
limit which
they cannot
cross due to
lack of large
amount of
funds.
These
businesses have
to primarily
concentrate on
the innovation
aspect and are
required to
invest heavily
on it as this will
make sure that
the business is
able to achieve
higher level of
profits.
These
businesses are
required to
focus on
expanding their
large-scale
operations and
thus innovation
is of prime
importance for
them.
These
businesses are
not required to
concentrate
much on the
aspect of
innovation and
thus can make
sure that they
are able to
innovate
according to
their needs and
requirements.
They are not
required to
make heavy
investments on

Investigation of a range of entrepreneurial
ventures
The different types of entrepreneurial ventures can be investigated by an entrepreneur.
This will make sure that the venture is selected by the entrepreneur according to the
needs and requirements. Thus a thorough investigation is required so that the type of
venture in which the capital will be invested can be selected.

Critical examination of scope, development
and growth
The wide ranges of entrepreneurial ventures have their own scope, chances of
development and growth in the future time period. Small business entrepreneurship can
thrive in the market through quality products, Scalable Startup entrepreneurship has
innovative concept, and Large company entrepreneurship has large resources to
operate. Social entrepreneurship works for serving the society.

Conclusion
From the above presentation, it can be concluded that entrepreneurship is quite helpful
for entrepreneurs in realizing their passion. If they are able to follow passion then they
can make sure that they are able to achieve success in future time period.

REFERENCES
 Dana, L. P., 2018. ENTREPRENEURSHIP & SMALL BUSINESS.
 Ratten, V., 2016. Female entrepreneurship and the role of customer knowledge
development, innovation outcome expectations and culture on intentions to start
informal business ventures. International Journal of Entrepreneurship and Small
Business. 27(2-3). pp.262-272.