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Entrepreneurship and Small Businesses: Doc

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Added on  2021-01-02

Entrepreneurship and Small Businesses: Doc

   Added on 2021-01-02

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Entrepreneurship and smallbusinesses
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Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 ...........................................................................................................................................1P2 . .........................................................................................................................................3LO 2 ................................................................................................................................................5P3 ...........................................................................................................................................5P4 ...........................................................................................................................................6LO 3.................................................................................................................................................7P5 ...........................................................................................................................................7P6 ...........................................................................................................................................9LO 4 ..............................................................................................................................................11P7 .........................................................................................................................................11CONCLUSION ............................................................................................................................12REFERENCES .............................................................................................................................14
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INTRODUCTIONThe project study is base on entrepreneurial and little concern. The wordentrepreneurship is generally means to design and create new business ans start up in aninnovative and creating way. Small business are also known for its innovativeness and creativeskills. And the person who operate this is known as entrepreneur. Further the report will includevarious kind of entrepreneurial undertaking and typologies. And also it will include thedifferentiation and similarities of entrepreneurial ventures. Also, this report will discuss theimpact of little and bantam enterprise in the economy and also it will include the value of tinybusiness and start up in the social economy. Further it will cover the traits, skills of successfulentrepreneur. And it will discuss how the aspect of the bourgeois attribute reflect businesspersonmotivation and mind set. And at last it will discuss and examine with relevant examples that howbackground and experience can hinder or faster the entrepreneurship. LO 1P1 Entrepreneurship – it is basically the process of designing, launching and creating new start upand also it helps to start new business. And the person who start this business is known asentrepreneur. Serial entrepreneur – It is an entrepreneur who continuously bring new ideas and startsnew organisations or businesses. As opposed to an entrepreneur, who generally come upwith a single idea or thought to start the organisation. Owner manager – Owner-managers of incorporated enterprises or organisations areworkers who hold a job in an incorporated organisation, in which they together or alonewith other members of their families or few partners, hold controlling ownership of thebusiness. They also have the authority to act or take decisions on behalf of theorganisation as regards contracts with other organisations and the hiring and dismissal ofindividuals in the paid employment of the dame business. Intrapreneur – An intrapreneur is an employee who is responsible for creating aninnovative project or idea within an organisation. An intrapreneur does not face theexternal risks or gain the external rewards of an entrepreneur. 1
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