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(Solved) Entrepreneurship and Small Business Management Assignment

   

Added on  2020-10-05

13 Pages3074 Words155 Views
EntrepreneurshipPolitical Science
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Entrepreneurship andsmall businessmanagement
(Solved) Entrepreneurship and Small Business Management Assignment_1

(Solved) Entrepreneurship and Small Business Management Assignment_2

Table of ContentsINTRODUCTION...............................................................................................................3TASK 1 ..............................................................................................................................3P1 Various entrepreneurship ventures and their relation to the typology ofentrepreneurship.......................................................................................................3P2 Similarities as well as differences between various business concerns.............5TASK 2...............................................................................................................................6P3 Interpret relevant data and statistics in your mini-research, to illustrate how microand small businesses impact on the economy.........................................................6P4. Explanation about importance of small businesses and their contribution toBrexit.........................................................................................................................7TASK 3...............................................................................................................................9Covered in PPT.........................................................................................................9TASK 4...............................................................................................................................9Covered in PPT.........................................................................................................9CONCLUSION...................................................................................................................9REFERENCES ...........................................................................................................................10
(Solved) Entrepreneurship and Small Business Management Assignment_3

INTRODUCTIONEntrepreneurship refers to a process which is related to designing and launchingbusiness activities that help in running a new firm. It will help a individual in pursuing itsown vision in a competitive business environment. An entrepreneur is expected to givemore emphasis on creating something new for its business, which leads in enhancingits overall performance (Schaper and et. al., 2014). The enterprises of Redbridge(Ilford,London) are operating their business activities in clothing, restaurants, housing andothers. In this present report, different types of entrepreneurship ventures have beenmentioned along with their relation with various types of entrepreneurship, similaritiesand difference between entrepreneurship ventures, the impact of macro and smallbusiness on economy and importance of small business and start-ups on improvinggrowth of a social economy has been discussed. In addition to this, this report alsocontains traits of an entrepreneur which differentiates them from other managers.Lastly, how the aspect of entrepreneurial personality reflect its motivation and mindsetand various examples of background and experience that hinder or fosterentrepreneurship has also been discussed. TASK 1 P1 Various entrepreneurship ventures and their relation to the typology ofentrepreneurshipEntrepreneurship is an ability to manage business operations by monitoring riskinvolves in order to maximise profitability. There are different types of entrepreneurshipventures which are discussed below as:(a) Small business entrepreneurshipThis venture of entrepreneurship is managed, controlled and owned by singleperson. It includes grocery stores, carpenters, plumbers, electricians etc. They generallyhire local persons or their family members in order to operate their operations effectively(Burns and Dewhurst, 2016). Most of the small business entrepreneurship is profitableas it involves less cost of production as compared to other businesses.(b) Scalable start-up entrepreneurship
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