Entrepreneurship and Small Business Management: A Comprehensive Analysis

Entrepreneurship and Small Business Management
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Introduction
 Every organisation begins their journey with a small
organisation that is been led by an entrepreneur is been
referred as the entrepreneurship and small business
management. Entrepreneurship is been stated as the heart of
every business enterprise. This paper will discuss about the
different types of the entrepreneurial ventures and the
explanation of interrelation of the ventures with the typology
of the entrepreneurship. This paper will explore the similarities
and dissimilarities between the entrepreneurial ventures.

Task 1:Define what the concept of an entrepreneur is, and provide some examples of
different entrepreneurs in business.
 An entrepreneur refers to an individual who creates or starts a
new business and bears the risk of the business enterprises as
well as enjoys the rewards while doing the business. An
entrepreneur is usually seen as the source of new and latest
services, goods and ideas as well as the innovator of the business
and its procedures. Entrepreneur has a fundamental role in the
economy of a country as they have the capabilities that they
have inculcated through their knowledge, skills, information and
experience to start a new business (Oecd.org. 2019). They hold
proper and necessary initiative and skills in order to anticipate
the future as well as the current needs of the business enterprise
and to bring innovations to the market. The entrepreneurs who
become successful taking the risk to start the business reward
themselves with profits but those who fail have to suffer from the
losses (emeraldinsight.com. 2019).

Define what the concept of an entrepreneur is,
and provide some examples of different
entrepreneurs in business.
 Bill Gates: Founder of Microsoft - There are only few
peoples in the world, which are not in touch with any of his
products such as the Microsoft Office, Microsoft Windows and
the Internet Explorer.
 Caterina Fake, co-founder of Flikr
 Steve Jobs: Co founder of the Apple Computers- The
Company use to produce iPods, iPhones, Macs and Apple TV
as well as the laptops
 Arianna Huffington, founder of the Huffington Post
 Mark Zuckerberg: Founder of Facebook
 Pierre Omidyar: Founder of eBay