logo

Entrepreneurship and Small Businesses Management

18 Pages5588 Words69 Views
   

Added on  2021-01-02

Entrepreneurship and Small Businesses Management

   Added on 2021-01-02

ShareRelated Documents
Entrepreneurship andsmall businessesmanagement
Entrepreneurship and Small Businesses Management_1
Entrepreneurship and Small Businesses Management_2
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1P1 Types of entrepreneurial ventures and how they relate to the typology of entrepreneurship1P2 Similarities and difference between entrepreneurial ventures..........................................3TASK 2............................................................................................................................................5P3 Interpret and assess relevant data and statistics to illustrate how micro and small businessesimpact on the economy...........................................................................................................5P4 Importance of small businesses and businesses start-ups to the growth of the socialeconomy.................................................................................................................................7TASK 3............................................................................................................................................8P5 Characteristics traits and skills of successful entrepreneurs that differentiate them fromother business managers.........................................................................................................8P6 How aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset............................................................................................................................................9TASK 4..........................................................................................................................................10P7 How background and experience can hinder or foster entrepreneurship........................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
Entrepreneurship and Small Businesses Management_3
INTRODUCTION Entrepreneurship is an activity of establishing a new business with the purpose ofattaining success in market place. Mainly, it is considered as an effective process of designing,launching and running a new business at small level. In addition to this, a person who has aninnovative idea to develop a products and services is called entrepreneur. They take risk with thehope of attaining financial benefits. Small business enterprises directly contribute in enhancingeconomic growth by providing employment opportunities to local people. This will help inimproving living standard of the people. Apart from this, it largely impact the economy conditionby creating job opportunities and at the same time also improve the innovation activity whichmay lead in rising living standard of people (Akehurst, Simarro and Mas‐Tur, 2012). Thisreport cover range of venture that help in improving overall economy growth. Along with this,impact of small business on the economy is also mentioned in this project. Key aspects of anentrepreneurial mindset is also discussed here which impact on the entrepreneurs motivation andpersonality as well. At last different environments is also covered in this report that foster orhinder entrepreneurship. TASK 1P1 Types of entrepreneurial ventures and how they relate to the typology of entrepreneurshipEntrepreneurship:It is an activity of setting business with the aim of generating profitability at marketplace. Mainly, it refer to the concept which is related with developing and managing newbusiness venture for gaining profitability by taking various risk factors within the businessactivities. In addition of this, it also stated that entrepreneurship is all about willingness to run anew business for generating larger profitability. It also play an important role in development ofthe economy because concept of entrepreneurship help in creating various job opportunities tolocal people (Bakeman and Hanson, 2012). This will help in improving their living standard thatdirectly contribute in enhancing overall growth of the economy. Entrepreneurial activity: Entrepreneurial activity refer to the enterprising human action for generating the value bycreation of economic activities. Along with this, it also relate with the exploring new andinnovative products for enhancing the overall growth of the company at market place. In this1
Entrepreneurship and Small Businesses Management_4

End of preview

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

Related Documents
Entrepreneurial Ventures and Small Business Impact on Economy
|19
|6144
|45

Entrepreneurship and start-up's (pdf)
|15
|4746
|240

Types of Entrepreneurial Ventures and Their Impact on Economy
|17
|4733
|25

Characteristics, traits and skills of successful entrepreneurial ventures
|18
|5489
|345

Entrepreneurship and Small Business Management
|26
|8092
|2

Typology of Entrepreneurship: PDF
|15
|4907
|161