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Entrepreneurship And Small Business Management - Doc

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Added on  2020-10-22

Entrepreneurship And Small Business Management - Doc

   Added on 2020-10-22

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Entrepreneurship and small business management
Entrepreneurship And Small Business Management - Doc_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 ...........................................................................................................................................1P1. Different type of entrepreneurial venture and typology of entrepreneurship.......................1P2. Similarities and differences between entrepreneurial ventures............................................3M1. Demonstrate an understanding of entrepreneurship in both the public and corporatesector. .........................................................................................................................................4D1. Critically evaluate the scope, development and growth of entrepreneurial venture............5TASK 2............................................................................................................................................5P3. Assess the relevant data and statics of micro and small business impact on the economy..5P4 importance of small businesses and business start-ups to the growth of social economy.....6M2. Small, medium and large business make economy.............................................................8D2. Small businesses are impact to different level of economy.................................................8CONCLUSION................................................................................................................................9REFERENCES .............................................................................................................................10
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INTRODUCTIONEntrepreneurship is the heart of every business and its operations. Every large companystarted with small business setup which is led by entrepreneur. The entrepreneurship and smallbusiness management is the sequence which is designed to build entrepreneurial skill step bystep and in proper way (Burns and Dewhurst, 2016). Study lays emphasis on the different type ofentrepreneurial venture and its typology. It is the way of conducting business whether it is smalland large. Study will show by similarities and differences between entrepreneurial venture. Itwill highlight the data and statistics of macro and small business impact on the economy and alsoimportance and values of small business and business start-ups to growth of social economy.Small business and business start ups are best and effective for social growth of economy. TASK 1 P1. Different type of entrepreneurial venture and typology of entrepreneurship.There are having a three types of entrepreneurial venture which are small, medium andlarge scale business. That all have their own purpose, place and its conducts. That are as follows:Small businessThe Small business firm has very few employees in their business. That is less than 2 butmore than 10 employees. Their annual turnover is under 2 million (Burns, 2016). The mainpurpose of this business is to earn something for support their living standard and also makechanges in their living and fulfil their basic needs. For example: talent plus is the small businessventure of the UK. This company provide placement services to their local peoples and give bestservices. By these peoples are having the work. This provide effective services to customers andtry to satisfied them. Medium businessThat businesses are privately owned cooperation, partnership and sole proprietorshipfirm. That have fewer employees and less annual revenue. That is more than 10 employees butless than 50 employees and turnover is above 2 million. The main purpose of this business is toimprove their living standard by earn something. For example: verdant leisure is the mediumsized company of UK. This company provide services for holiday home by satisfying their localclients and public.
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