Entrepreneurship and Small Business Management

Entrepreneurship and
small business
management

Table of Contents
• INTRODUCTION
• MAIN BODY
• P1 Different types of entrepreneurial ventures and explanation about the ways
those relate to the typology of entrepreneurship
• P2 Difference and similarities between entrepreneurial ventures
• P3 Interpretation and assessment of relevant data and statistics to illustrate the
ways micro and small business impacts on the economy
• P4 The importance of small business and business start-ups to the growth of the
social economy
• P5 Determination of the characteristics traits and skills of successful
entrepreneurs that differentiates from other business managers
• P6 The personality of entrepreneurial that reflects with the mindset and
motivation
• P7 The background and experience can hinder or forces entrepreneurship
• CONCLUSION
• REFERENCES

INTRODUCTION
Entrepreneurship and small business management develops the knowledge
and skills to create new ideas to start your new and own successful
business. It is a way to establish a new business by identifying various
risks and challenges related to managerial, financial etc. The
entrepreneurial ventures have many ownership structures and also the
entrepreneurs require having certain characteristic and skills to
management and development of a business. The entrepreneur’s personal
background and experience can have various impacts on the
entrepreneurship that can hinder and foster their business. This report will
include the examination of various types of entrepreneurial ventures and
their relationship with the typology of entrepreneurship. This report will
also state about the differences and similarities between entrepreneurial
ventures. This report will also highlight the relevant statistics and data on
how small and macro businesses affect on the economy. This report will
also include the importance of small businesses in the growth of social
economy and the skills and traits of successful entrepreneur.

• MAIN BODY
• P1 Different types of entrepreneurial ventures and explanation about the ways those
relate to the typology of entrepreneurship
• Entrepreneurship is the best way to set up a company by considering many risk
related to it such as managerial and financial. The entrepreneurial ventures have
different ownership structures and development of an organization.
• The entrepreneurial ventures are many different types as follows:
• Scalable startup entrepreneurship
• This are main types of entrepreneurial ventures and this types of organization start
business with new innovative focus and idea on providing innovative services and
products for the starting of business (Burns., 2016). The company looks for the
brightest mind for the all business and they set up a scalable business model of
organization. These types of entrepreneurs provide new idea can change the whole
world so this is important type of entrepreneurial ventures.
• Social entrepreneurship
• Social entrepreneurship is related to the focus on solving many social problems by
delivering their services or product. This company focuses on creating an improved
world for the people and can be non-profit, hybrid and profit so this is main
entrepreneurial ventures of organization.

• Serial entrepreneurs
• A serial entrepreneur is related to the start and leads one business after another at the Sam
time. Entrepreneurs who starts a single business and day to day runes operations of
organization until retirement (Gibson., 2017). These entrepreneurial ventures are essential for
organization.
• Small business entrepreneurship
• Small business entrepreneurship is related to the startup business can only be run by the
number of employees and owners are very low. This type of organization can run with the
family members and friends as partner. Along with the revenue generation are not much and
these company can focusing on getting development of its services or products and more
clients. Many several small organization are there that provided grow exponentially and
innovative services or products so this are main types of entrepreneurial ventures of
organization.
• Entrepreneurs
• Entrepreneurs are a person who operate and undertake a new enterprise or venture. This is
main types of entrepreneurial ventures of company. The tem entrepreneur was applied to
company initially to designates a dealer who purchases a production from the combining them
into a marketable products.
• Large company entrepreneurship
• The large company has focus on providing new services or products to the all customers from
sustainability and finite life cycle of organization. The demand of the customers I organization
are changing along with the legislation and competition. The large size of the business makes
the disruptive innovative difficult in organization.