logo

Entrepreneurship and Small Business Management Strategies

   

Added on  2020-10-23

17 Pages4767 Words99 Views
Entrepreneurship and SmallBusiness Management

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1: Different types of entrepreneurial ventures and its related typologies.................................1P2: Similarities and difference between entrepreneurial ventures..............................................3TASK 2............................................................................................................................................5P3: Assess and interpret how small and micro business impact on economy............................5P4 Small firms and start-ups contribute to growth of social economy after 'Brexit'P4 Smallfirms and start-ups contribute to growth of social economy after 'Brexit'..................................6TASK 3............................................................................................................................................7P5: Characteristics, traits and skills of entrepreneurs and differentiation with manager............7P6 Entrepreneurial personality reflect entrepreneurial motivation & mindset...........................9TASK 4..........................................................................................................................................10P7 Examine background and experience can hinder or foster entrepreneurship......................10CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13

INTRODUCTIONEntrepreneurship refers to a study of the process of establishing a new business by anindividual having a new and innovative ideas as well as an effective skills and knowledge thatgives separate identity in market. Such individual is called as an entrepreneur who get successwhen their decisions and plans to meet market needs and requirements are something new andinnovative. The present assignment report is based on Joe Wood who decides to start an ITbusiness in order to facilitate merchants to get online payment facilities. The project includesdifferent kinds of ventures along their interrelation with different typologies. The project alsodiscusses the impact of Brexit on contribution of small firms towards social economy,characteristics, traits and skills of entrepreneurs along with the background and experience thatcan hinder or foster entrepreneurship.TASK 1P1: Different types of entrepreneurial ventures and its related typologiesAn entrepreneur is an individual who have certain skills and knowledge along with a newand innovative ideas to meet the needs and requirements of people in more effective and efficientmanner. The prime objective of entrepreneur behind starting a new business venture is to earnhuge profits. There are different types of ventures exists in competitive market which are givingtough competitors with each other in order to fulfil the market needs and demands (Blackburn,Hart and Wainwright, 2013). Types of entrepreneurs:Serial entrepreneurs: It is such kind of entrepreneur who came into market with newideas and start-up the business and later on allot responsibilities of new business to someone elseand further move on to a new idea and venture. Social entrepreneurs: These kind of entrepreneur came into market with the purpose ofidentifying issues and problems of society and nation and accordingly put their maximum effortsin resolving issues with their effective skills and knowledge. This can be possible through bringstandard quality products so as to maximise their healthy lifestyle (Carsrud and Brännback,2011).1

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Entrepreneurial Ventures - PDF
|18
|5912
|216

Entrepreneurship & Small Business Management : Essay
|16
|4648
|75

Entrepreneurship and Small Business Management - Docs
|16
|4908
|110

P3. Impact of micro and small businesses over economy
|15
|4821
|37

Report on Entrepreneurship & Small Business (DOC) Management
|13
|4690
|166

(solution)Entrepreneurship and Small Business Management
|14
|4787
|29