Federation of Small Businesses Organisation
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Added on 2021-01-01
Federation of Small Businesses Organisation
Added on 2021-01-01
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Entrepreneurship and SmallBusiness Management
Table of ContentsINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................1P.1 Entrepreneurial venture and link with typology...............................................................1P.2 Similarity and difference between entrepreneur venture.................................................2P.3 Micro and small business impact on economic condition................................................2P.4 Importance of small business and growth of social economic.........................................3PART 2............................................................................................................................................3P.5 Characteristic traits and skills..........................................................................................3P.6 Entrepreneurial personality reflect entrepreneurial motivation andmindset..................................................................................................................................5P.7 Person’s background and experiences can hinder orfoster entrepreneurship..........................................................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONEntrepreneur is person who focus on innovation in small business sector. In this writtenreport aimed at exhortation and supporting prospective businessperson to start a new business.The overall purpose of the document is to research the range of enterprise undertaking availableto enterpriser, assess the contact small business endeavour have on the economic system, assessthe entrepreneurial mentality and examine various surround that adoptive and posteriorentrepreneurship (Koe, 2018). This report is based on Federation of Small Businessesorganisation. The company basically located in United Kingdom and provide different kind ofservices in small sector. Further, it covered entrepreneurial venture is help to improveproductivity of small sector organisation. PART 1P.1 Entrepreneurial venture and link with typologyThe entrepreneur is that person who analyses the risks, manages and organises of anenterprise and business. Nowadays, n the national economy by entrepreneur is playing aimportant role in growth and development. There are different types of entrepreneur which canconsidered as female, male, social, and serial entrepreneur. There are several organisationsincorporate their business activities effectively and efficiently. Entrepreneur venture is help tostart the new venture and improve productivity of small scale business. There are four type ofentrepreneur venture are as follows : Small business entrepreneurial :- Nowadays, the mind-boggling number of businessorganisation group and new companies in the United States are still clannish ventures.There are 5.7 billion private companionship in the U.S. They make up 95.4% of allorganise and utilize half of all non-legislative labourers (Ghosh, 2018). Snobbishventures are markets, journeyman, advisors, travel specialists, web business retailfacades, woodworkers, handymen, electrical circuit testers, and so on. They are anyindividual who runs his/her own business (Evans, 2017). They secure closerepresentatives or household. Most are barely gainful. Their meaning of progress is tonourish the family and make a benefit, not to presume control over a commercialenterprise or industry a $100 million business. As they can't give the scale to draw ininvesting, they subsidize their organizations through fellow traveller/family or privatecompanionship assets. 1
Large company entrepreneur venture :- In this context, organisation is to be focus on newproduct that are core product. It is focus on client tastes, new engineering, civil law, newrival, etc. can make over pressure level for more riotous invention necessitate largeinstitution to create wholly new merchandise sold into new custom-made in newmarketplace. P.2 Similarity and difference between entrepreneur ventureIn this context, to be focus on similarity and difference between the entrepreneurialventure is help to improve internal on the job state of affairs (Bräuer, 2018). There are someSimilarity and difference between entrepreneur venture are as follows :- Bases of DifferencesPrivate PublicSocialObjectiveThe objective ofprivate sector is toearn profit and toelaborate the businessin the world widelevel.The objective ofpublic enterprise is toprovide employmentto the economy andcontroltheunemployment rate(Wajdi, Ummah andSari, 2017). The objective of theSocial enterprise is tosocial welfare thesociety. The profitearning is not the mainaim of the socialenterprises as theprofit earned is usedfor the development ofthe society.OwnershipThe ownership of theprivate enterprise ishold by individual orany group of people. The ownership of thepublic enterprise isgoverned by the legalauthority of thecountry. The wholemanagement , functionof operation isgoverned by thegovernment of thecountry. The ownership ofsocial enterprise isgoverned by soleperson of a group ofpeople or by stateauthority. FunctionandThe function andThe function andThe function and2
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