Entrepreneurship and Small Business Management: A Comprehensive Analysis

Entrepreneurship and Small
Business Management

TABLE OF CONTENTS
Introduction......................................................................................................................................1
LO1..................................................................................................................................................2
P1. Carry out a mini research to examine different types of entrepreneurial ventures and
explain how they relate to the typology of entrepreneurship......................................................2
P2. As part of your research investigation, explore the similarities and differences between
entrepreneurial ventures...............................................................................................................4
M1. Investigate a diverse range of entrepreneurial ventures to demonstrate an understanding of
entrepreneurship in both the public and corporate sector............................................................6
LO2..................................................................................................................................................7
P3. Assess and interpret relevant data and statistics in your mini-research, to illustrate how
micro and small businesses impact on the economy...................................................................7
P4. Explain how important small businesses and business start –ups will contribute to the
growth of the social economy after ‘Brexit’................................................................................9
M2 Evaluate the differences that small, medium and large businesses make to the economy,
applying relevant data and statistics..........................................................................................11
LO3................................................................................................................................................13
P5. Carry out a mini-research to determine the characteristics, traits and skills of two
successful entrepreneurs, which differentiate them from other business managers..................13
P6. Assess how aspects of the entrepreneurial personality as discussed in P5, reflect
entrepreneurial motivation and mindset....................................................................................15
M3. Explore and examine different lines of argument relating to entrepreneurial characteristics
...................................................................................................................................................17
LO4................................................................................................................................................18
P7. With practical examples obtained through your mini-research, examine how background
and experience can hinder or foster entrepreneurship...............................................................18

M4 Analyse the link between entrepreneurial characteristics and the influence of personal
background and experience to specific successful entrepreneurs..............................................19
Conclusion.....................................................................................................................................20
References......................................................................................................................................21

LIST OF FIGURE
Figure 1: Growth of SMEs..............................................................................................................7
Figure 2: Contribution of SME to economy of UK.........................................................................8
Figure 3: Contribution of UK to EU after Brexit..........................................................................10
Figure 4: Employment in small, medium and large businesses.....................................................11
Figure 5: Employment opportunities in UK by SMEs..................................................................12

LIST OF TABLE
Table 1: Differences between entrepreneurial ventures..................................................................4