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Characteristics, traits and skills of the entrepreneurial personality of Elizabeth Gooch and Tom Mercer

   

Added on  2020-01-28

10 Pages2907 Words444 Views
Entrepreneurship and Small Business Management

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1. Different types of entrepreneurship ventures and their relationship with typology.........3P2. Similarities and differences between social entrepreneurship and lifestyle entrepreneurship................................................................................................................................................4TASK 2............................................................................................................................................5Covered in PPT.......................................................................................................................5TASK 3............................................................................................................................................5P5 Characteristic, traits and skills of Elizabeth Gooch and Tom Mercer .............................5P6 Assessment of aspects of the entrepreneurial personality of Elizabeth Gooch and TomMercer.....................................................................................................................................6TASK 4............................................................................................................................................6P7 Personal background and experience can hinder or foster entrepreneurship...................6CONLUSION..................................................................................................................................7REFERENCES................................................................................................................................8

INTRODUCTIONEntrepreneurship is a process to improve the business by taking financial risks(Kirzner,2015). Most of the entrepreneurs start with the small business and put their innovative ideas in it.This present report is based on Elizabeth Gooch which has started work with HSBC bank andafter the same, they start their own business, EG consulting to use their innovative mind and aftersometime, they change it into EG Solutions PLC which gives more profits to them. Tom Merceris also using innovative ideas and started their own business, Moma Foods. The whole report isbased on these two cases and it clarify different questions like; different types ofentrepreneurships, impact of small business on UK economy and its importance in the growth ofsocial economy. TASK 1P1. Different types of entrepreneurship ventures and their relationship with typologyEntrepreneurship means starting up of new venture with most of the innovative ideas andits basic aim is to earn profits and introduce the new job opportunities for society. It is the

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