P1 Type of entrepreneurial ventures and its relation to typology

   

Added on  2020-10-05

17 Pages4936 Words282 Views
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Entrepreneurshipandsmall businessmanagement
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Table of ContentsINTRODUCTION...........................................................................................................................1P1 Type of entrepreneurial ventures and its relation to typology...............................................1P2 Similarities and difference between entrepreneurial ventures ..............................................3P3 Interpretation of data and statistics........................................................................................5P4 Importance of small business and start-up of business for economy growth........................7P5 Traits, qualities and skills of a successful entrepreneurs.......................................................8P6 Aspects of entrepreneurial personality which reflects on motivation and mindset...............9P7 Experience and background that can hinder or foster entrepreneurship..............................10CONCLUSION: ............................................................................................................................11REFERENCE.................................................................................................................................12
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INTRODUCTIONEntrepreneurship is essential for every business that considers new innovation, creativeIdeas and new technology to run a business. Every large organization started business from smallIndustry by innovating the ideas. The person who has small amount of capital start up businessand expand the business at large scale. In other words, it is a small business desire to create,Organize and run business by taking risk. The main quality of an entrepreneur is to take risk andIncrease the rate of return. Many entrepreneur faces number of problems and changes that help toUnderstand the future profitability by defining resource, mismanagement and finance resourcesWhich help to raise the business activities (Belz and Binder, 2017).This report will covered different topics such as entrepreneurial venture and its relatedtypology, similarities and difference between ventures, relevant data and statistics to define theimpact of micro and small business at economy. Moreover, identification and assessment of keyaspect of entrepreneurial mindset and environment which foster and hinder entrepreneurshipPerformance.P1 Type of entrepreneurial ventures and its relation to typologyEntrepreneurship is the way of running a business by filling with expected plans andstrategy which help to increase the business. A person who want to be own boss, sets goals andobjectives in order to control the business activities. The main aim of entrepreneurship is todefine own goal and make efforts to achieve them that make different from others(Entrepreneurship 2019). Difference between Entrepreneur, Intrapreneur and owner managerBasis Entrepreneur IntrapreneurManager MeaningA person who set up andruns own business byinnovating new idea andcreate new thing.This means anemployee of businessindustry who need toinnovate new productsand servicesManager id person whomake planning, organizeand control businessfunction of a firm.Fund arrangementIt raise funds own capitalor friends.Funds provided bycompany.Arrangesbypersonal,internal and1
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