Entrepreneurship and the Small Business Management Issues
Added on 2020-09-03
14 Pages4030 Words69 Views
EntrepreneurshipProfessional Development
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ENTREPRENEURSHIP ANDSMALL BUSINESS MANAGEMENT 1
TABLE OF CONTENTS2
INTRODUCTION The study of the entrepreneurship and the small business management issues mainlyaddresses the variety in the business forms and the preparation creating new ideas andinnovations to create a business in the newer processes that will distinguish the business from theother businesses. The business will make the structures, funds, activities, training, employmentand more of the operations will make the newer generation of the entrepreneurial environment.The study generates the financial support and economic condition of the society as well as thesocial and capital impact on the small businesses and activities that deals with the businesscriteria. The overall market needs to target the niche business areas that support and functionswith the turnover with a view to giving the employment opportunities. The Growth of thebusiness may grow the economy with more of the small business into the economy. The marketwill study more of the small business targets and the impacts.TASK 1P1 Different types of entrepreneurial ventures and their relation with the typology ofentrepreneurship.The entrepreneurial operations are done by the one who manages, assumes and works inorder to make the business a successful one with the bringing of new ideas and innovations in thebusiness. The broader definition of the entrepreneurship brings the founding essence of abusiness and any organisation which connects and promises to make a significant difference inthe market to make differences out of the whole big blend of numerous businesses. New genre ofmotivation and the operating systems creates the differences in the businesses and make it trendywith the number of impacts falling on the consumer's, employees and the market itself. There ishuge number of difference in the market and the type of entrepreneurship also varies accordingto the business type and skills (Ramadani et al. 2015). The entrepreneurial ventures may bestreamed in the following different segments with the relationship of the typology:a. The sceptical entrepreneur- These kinds of entrepreneurs seeks the entrepreneurial activitiesfrom watching a business grow. The starting of the business can be examined in order to meetthe inheritance of the success of the entrepreneur who looks into the strategies of making thebusiness a successful one. With a view to believe in the sceptical approach and the actions ofone's own contribution, it is sometimes required to follow the strategies and the action plans.3
This is because it makes them believe in the mindset and the operations that they start so that itcreates an example for the consecutive to make a business stand.b. The copycat entrepreneur- This type of entrepreneur sees the success of the others in order tomake the own business an example and better than the copied one. The copying of the businessmakes it look apparently same with the fewest differences in the operations as well as industryoperations. There is a difference in the modelling and copying. c. The research entrepreneur- The entrepreneur here loves to learn with the research outcomesof the possible scenarios that makes the business as well as the research a great success to get theproblem meet its actions. This is to implement the strategies with the growth of the business. Theresearch ends with becoming an excuse of taking the action which strives to learn the business.The key to success is to learn the implementation and its operations. d. The determined entrepreneur- This entrepreneur needs to make the values of the copying, asuccess. He is the one to make the proofs and possible focus on the reality measures of themarket. The determination in the operations helps him grow a business without the help orcopying from others. It is hard to deal with the start-ups to be on the market among theexperienced entrepreneurs. However, it is not too tough to fight in order to reach the success lineand grow the business with more accomplishment of the reality.e. The accomplished entrepreneur- This type of entrepreneur goes through all the stages of thebusiness and the building of a business. They are focused with the scaling of the business and itssources that make it more focused with the legacy that runs in the tradition of his business. Anaccomplished entrepreneur makes and finds the figure out with the success and connectivity withthe other business entrepreneurs. He is the one who have seen the struggles and learned to fightagainst those in the market with the business freedom.P2 Similarities and differences between entrepreneurial venturesThe growth of a business takes lots of time to stand from the part of the entrepreneur andthe market. Success is the different issue for each of the business owners and the entrepreneurs.Success take times and the different kinds of business will definitely bear some similarities anddifferences between them. Any business seeks money and the charities seek the impact onmaking the balance south of the social enterprises by the process of self-contribution. This helpsto work for any charity easily. The graph of the entrepreneurial spectrum focuses on the4
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