Report on Types of Entrepreneurship Ventures

Entrepreneurship and Small
Business Management

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1Different types of entrepreneurial ventures. ..........................................................................1
P2Differences and similarities between each type of ventures...................................................2
P3Impact of macro and micro economy.....................................................................................3
P4Importance of small businesses and business start-up growth of the society.........................4
TASK 2............................................................................................................................................5
P5 Determine the characteristics of successful entrepreneurs....................................................5
P6 Reflection of personality over entrepreneurial motivation....................................................6
P7 Background and past experiences foster or hider entrepreneurship......................................7
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Entrepreneur is the procedure which helps to creating, establish and moving a fresh
enterprise and also offer a good, activity or work for selling or employing. A person who develop
the business organization are known as entrepreneur. They concern on the introducing and
moving of firm which in broad risk concerned. The economy became more volatile with having
ability and capabilities to beginning a new organization. The entrepreneurship and small business
management is designed to build or make entrepreneurial skills. This helps to motivate, innovate,
growth and prosperity which makes good ideas, strong business skills and hard work. Small
business management can help to visualize and work towards goals or objectives which focus on
critical business management(Drucker, 2014). The business develop technical expertise needed
to launch a new enterprise and helps to make direction which achieve their goal. The purpose of
the report is to examine various types of entrepreneurship ventures and explore scope and
typology. The objective of entrepreneur is to explain different types of ventures such as public,
private and social enterprises and evaluate the macro or small business which determines the
traits and skills of entrepreneur. To examine the value of business and it start their high
development.
PART 1
P1Different form of entrepreneurial ventures.
A enterpriser is a someone who have ability and power to alter the features of business.
They have some capability and disposition to control and carry off a company investment and
control risk in effective manner. Entrepreneur assumes or evaluate all hazard and wages in the
particular business operations, make goods and services offered for sale(Herrington, Kew, Kew
and Monitor,2010).
Categorization of entrepreneurship
 Small business Entrepreneurship- An entrepreneur are started their organisation or
business in small scale. There are 6.7 million small businesses in the country and they
will develop 98.3% companies which provide 55% employment to the employees.
Scalable Start-up Entrepreneurship- An enterpriser start the firm in many developing location
where they earn more profit and attract customers. They will find that company which focus on
1

expanding fuel and capital. Also recruit best and brightest employee who enhance their company
capital.
 Large company entrepreneurship- The concept of large entrepreneurship is generally
refers to the development of new ideas and opportunities within large or directly lead to
the improvement of business profitability and increase competitive position. The large
company deals with high amount and invest shares in the market.
 Social enterprises- The major goal for making better location and create more profit for
the development of organisation and the administration will focus on innovation of new
products and services.
 Small medium enterprises- It is an independent firm which provides employment
opportunities to very limited number of people. It recruit only 250 employees in the
single enterprise.
 Large enterprise- This is the large firm which recruit more than 4000 employees in their
one organisation. Its annual turnover are greater than 1 billion euros approx.
Types of Entrepreneurship ventures
 Lifestyle ventures- These ventures are normally settled on individual position and
employees, that are not provide absolute development (York and Cassar, 2010). They
also provide a firm income current for businessman and keeping direction concept of the
organisation.
 Survival ventures- In this venture, company provides major requirement of finance and
invest money in the business for growth. The company will operate their enterprise on
cash and barter basis.
 Aggressive growth ventures- In this venture technology is depend upon innovative
concepts which enhance ability and capabilities of the firm and affects new goods
introduction. It provides development and make brand-new products for accomplish the
customers need in the industry.
 Managed growth ventures- The venture have a feasible concern theory who supply
stabilized growing and also indicate new commodity establishing,it helps to study of full
facilities and provide entry into market.
P2Differences and similarities between each type of ventures.
Similarities
2