Entrepreneurship and Small Business Management

This presentation focuses on different types of entrepreneurial ventures, their relation with entrepreneurship topologies, similarities and differences between entrepreneurial ventures.

ENTREPRENEURSHIP
AND SMALL BUSINESS
MANAGEMENT

Introduction
 Entrepreneurial Ventures focuses on providing service to early or mid-
stage organizations. Entrepreneurs are the one who create
entrepreneurial ventures.
 Their main focus is on grabbing opportunities for growth and
profitability of their organizations.
 Entrepreneurial ventures are of various types and each type of venture
comprises of different kinds of organizations.
 This presentation will focus on different types of entrepreneurial
ventures, their relation with entrepreneurship topologies, similarities
and differences between entrepreneurial ventures.

Different types of entrepreneurial ventures and ways in
which they relate to entrepreneurship topologies
 Entrepreneurship can be defined as a
process through which designing, launching
and running of a new business is done.
 People who create and run such businesses
are known as entrepreneurs.
 Mostly of the times in order to run a new
business successfully and take it to a next
level, entrepreneur is required to risks their
money, career etc.

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 There are various kinds of differences between an entrepreneur
and an intrapreneur and one of the main differences within them
is the working setting in which they work.
 Most of the times intrapreneurs do not take much amount of risk
in order to run a business whereas entrepreneurs take large
amount of risk to run their large business.

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There are four main types of entrepreneurial ventures such as:
 Small business entrepreneurship: Entrepreneurs who run this type
of business have least number of employees.
 Such kind of organizations do not make much revenue and profit.
 These types of organizations majorly focus on enhancing their
customer base and for this continuously bring changes within their
business. It can be related to serial and female entrepreneurship
topology.

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 Scalable start-up entrepreneurship: Entrepreneurs who bring
innovation within their business products or services with their
innovative ideas in order to take their organizations to large scale
is known as scalable start-up entrepreneurship.
 These ventures are mostly run by entrepreneur’s who focus on
bringing change within their organization with their innovative
ideas.
 It can be related to serial entrepreneurship as entrepreneurs of these
ventures continuously think of new ideas in order to run their own
business

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 Large Company entrepreneurship: In order to grow their
business, entrepreneurs of these ventures focus on bringing
sustainability within their business.
 Such kind of ventures provide various kinds of products and
services to their customers in order to enhance their customer base.
 It can be linked to serial entrepreneurship topology as in order to
run a large organization there is a requirement of generating new
ideas

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 Social entrepreneurship: in order to create a better world these
types of ventures focus on resolving social issues or problems
with the help of their products and services.
 There are two types of social entrepreneurship ventures profitable
and non-profitable.
 It can be related to lifestyle topology as such entrepreneurs focus
on rewarding personal lifestyles rather than profit.

Similarities between entrepreneurial ventures
 Employees: Number of employees in all the three types of
ventures depends upon their overall size.
 Both large and social enterprise ventures can be both private as
well as public.
 All the three types of ventures require implementation of new
ideas in order to sustain within the growing market in which they
operate.
 All the three organizations do not have a fixed organizational
structure. It completely depends upon type and size of the
organization.

Differences between entrepreneurial ventures
Small enterprise Large enterprise Social enterprise
Objective Main objective of these types of ventures is to gain
profitability and focus on growth of their
organization. Most of the organizations under this
category are private.
These types of organizations mainly focus on
bringing sustainability within their organization
by introducing different kinds of new services and
products for their customers. Most of the
organizations under this category can be both
public and private (Bertoni, Martí and Reverte,
2019).
These types of organizations mainly focus on
producing quality products and services to
people in order to resolve social issues and
problems. Organizations under this category
can also be both public and private but most of
them are public.
Structure Such type of organizations do not have a proper
and fixed structure but mainly comes under sole
proprietorship.
Overall organizational structure of such type of
organizations are quite complex and each
organization has their different organizational
structure.
Most of the organizations in this category
comes under non-profitable organizations and
because of which mostly organizations of this
category are trustee-based organizations.
Employees Maximum 50 employees More than 100 employees Number of employees in such organizations
completely depend upon the size of that
organization or administrative structure
Characteristics  Lower profitability and revenue
 Small market area
 Smaller team of employees
 Large number of employees
 Large amount of assets
 Large revenue
 Members of this organizations are inter-
related for common goals

Diverse range of entrepreneurial ventures in order to
understand entrepreneurship in both the public and
corporate sectors
 There are two main types of sector: public and corporate and all
kinds of entrepreneurial ventures comes either in public or
corporate sector.
 Corporate sector: these types of organizations are run by
individuals or public. These types of organizations focus on
sustainable development of their business and mostly large
organizations comes under this category.
 Public sector: Government run these types of organizations and
because of this their growth is directly or indirectly affected by
government. Mostly social organizations come under this
category.

Scope, development and growth of entrepreneurial
ventures
 Small entrepreneurial venture: Their growth is driven by their
fast-growing business. Scope is to cover wide range of activities
that requires less sophisticated technology.
 Large entrepreneurial venture: Growth of these ventures is
increase in profitable reinvestment opportunities of organization.
 Social entrepreneurial venture: Growth of these organizations
depends upon responsiveness and care of their business towards
the society.

References
 Bertoni, F., Martí, J. and Reverte, C., 2019. The impact of
government-supported participative loans on the growth of
entrepreneurial ventures. Research Policy. 48(1). pp.371-384.
 Colombo, M.G., D’Adda, D. and Quas, A., 2019. The geography of
venture capital and entrepreneurial ventures’ demand for external
equity. Research Policy. 48(5). pp.1150-1170.
 Sarason, Y., Yuthas, K. and Nguyen, L., 2018. Social
entrepreneurial ventures in Vietnam: An ideographic lens. Tạp chí
Khoa học Đại học Đà Lạt. 8(1). pp.83-112.
 Wallmeroth, J., Wirtz, P. and Groh, A.P., 2018. Venture capital,
angel financing, and crowdfunding of entrepreneurial ventures: A
literature review. Foundations and Trends® in Entrepreneurship.
14(1). pp.1-129.

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