Entrepreneurship and Small Business Management

This presentation provides an overview of entrepreneurship and small business management. It covers examples of entrepreneurs at different levels, situational factors, traits and characteristics of entrepreneurs, and analysis of hindrances and fosterings of entrepreneurship. The conclusion highlights the different types of entrepreneurship and ventures. References are also provided.

ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT

TABLE OF CONTENT
• Introduction
• Example of Entrepreneurs and there scope at local, global and social level
• Situational factors, similarities and differences of the entrepreneurs
• Traits and Characteristics of entrepreneurs from the business managers
• Analysis of hinder and foster of entrepreneurship with respect to background and
experiences
• Conclusion

INTRODUCTION
• Entrepreneurship is starting of a new business with
innovative ideas by taking the risk and providing adequate
services to the customers. Entrepreneur is a person that
creates this new business and have capability to bear the risk
involve in starting a new business.

Example of Entrepreneurs and there scope at
local, global and social level
• There are different Entrepreneurs at local, global and social level.
• Local Entrepreneurs like Steph Croft Simon who is co-founder of Nom foods is having huge scope for
the growth and have vast opportunity in selling there services rather than manufacturing a product
• There are many Entrepreneurs like Richard Branson who are having a great scope in Global level.
Virgin group is having great scope in global market due to efforts of Richard Branson in taking the
brand in international market.
• There are many social entrepreneurs like Aneurin Bevan who invested for social welfare of the people
and came up with National health services.

Situational factors, similarities and differences of
the entrepreneurs
• Every entrepreneur is having different situation that
motivated them to come up with innovative idea that can
help their business enterprise
• Unemployment
• Creativity and Accumulation of ideas

Traits and Characteristics of entrepreneurs from
the business managers
Entrepreneur
• Vision oriented
• focus to expand the business with the innovative ideas
• Focus on achievement
Manager
• Process oriented:
• focus is to have smooth functioning of the business
• Focus is over power
• There remuneration is salary they draw

Analysis of hinder and foster of entrepreneurship with respect to
background and experiences
• Global Level
Richard Branson:-Richard Branson is a British business managers who founded the Virgin Group in the year 1970s and now is
controlling 400 companies. He started expressing his desire to be an entrepreneur at a young age as a result he started his first venture
at the age of 16 by introducing a magazine called 'student'
• Social level
Aneurin Bevan:-Aneurin Bevan was born in the year 1897 and was a Welsh labour Party politician who was the minister for Health in
the UK from 1945 to 1951. He was a life long champion of social justice and worked for the rights of the people and for social justice
• Local level
Steph Croft Simon:- Steph Croft Simon was at university when she suffered some sort of allergy and when she landed in hospital, was
scared to eat anything. She was inspired from that incident and decided at age of 29 to sell her healthy snacks in Ocado and Holland &
Barrett

Conclusion drawn from comparison
• From the above comparison it is been concluded that all the
Entrepreneurs are having different Characteristics and
situations that inspired them and as a result they came up
with innovate ideas in order to develop themselves and the
society as whole.

CONCLUSION
• From the above study it is been concluded that different types of Entrepreneurship are Small business
Entrepreneurship, Scalable start-up Entrepreneurship, Large Company Entrepreneurship and Social
Entrepreneurship. Report also concludes that different Entrepreneur Ventures are Start-up, Acquisition,
Franchise and Joint Venture.

REFERENCES
• Kuratko, D.F., 2016. Entrepreneurship: Theory, process, and practice. Cenga
• Burns, P., 2016. Entrepreneurship and small business. Palgrave Macmillan
Limited.