Entrepreneurship and Small Business Management

Entrepreneurship and Small
Business Management
(Assessment 1)

1.1Entrepreneurial Ventures
There are mainly Four types of Ventures of
entrepreneurs:
 Small Business Entrepreneurship
 Scalable Start-up Entrepreneurship
 Large Company Entrepreneurship
 Social Entrepreneurship

1.2Similarities and Difference between
entrepreneurial ventures
There are four types of business ventures and they all have some
similarities and differences:
Similarities:
 Innovative and Creative
 Challenging and Risk taking
Differences
 Kind of business
 Type of Firm
 Goals of Firm

1.3Entrepreneurship in both public and
private sector
Today entrepreneurship has developed into new form. From just being an
activity to earn profits, it has developed into fixing of social issues.
Basically the business are divided into two parts:
Public: The public sector enterprises are those owned by the
government and its agencies.
Private: The private sector enterprises are those which are owned by
the citizens of the country.
The scope of entrepreneurial activity is always high in the private sector,
while public sector are mainly started to provide support to economy and
the society. The division of sectors helps in understanding about the
whole concept of entrepreneurship. The power of risk taking is high
when it comes to private sector. Public sector enhances the stability in
the economy and society.