Entrepreneurship And Small Management | Report
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Added on 2020-01-28
Entrepreneurship And Small Management | Report
Added on 2020-01-28
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1: Different Types Of entrepreneurship Ventures And How They Relate To TheEntrepreneurship Ventures ..........................................................................................................1P2 : similarities and differences between social entrepreneurship and lifestyleentrepreneurship ..........................................................................................................................2M1: Diverse the range of entrepreneurial ventures to demonstrate an understanding ofentrepreneurship...........................................................................................................................2D1: Scope ,development and growth of entrepreneurship ventures...........................................3TASK 2............................................................................................................................................3P3: Assess relevant data and statistics to illustrate how micro and small businesses impacton the UK economy. ...................................................................................................................3P4: Importance of small businesses and business start ups to the growth of the socialeconomy in the UK......................................................................................................................4M2 : Differences small ,medium and large businesses make to the UK economy .....................4D2: Small businesses impact on the different levels of the UK economyand comparison withany one country ...........................................................................................................................4TASK 3 ...........................................................................................................................................5P5: Characteristics traits and skills of Elizabeth Gooch and Tom Mercer .................................5P6 : Entrepreneurial personality of Elizabeth Gooch and Tom Mercer ......................................5M3: Entrepreneurial characteristics ............................................................................................6D3 : Two successful Entrepreneurs.............................................................................................6TASK 4............................................................................................................................................7P7) Examine different environment that foster or hinder entrepreneurship. ..............................7D4) How personal background and experience can hinder or foster entrepreneurship...............7M4) The link between entrepreneurial characteristics and the influence of personalbackground and experience to Elizabeth Gooch (Case Study1) and Tom Mercer (Case Study2)..................................................................................................................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................92
INTRODUCTIONEntrepreneurship is a technique where the person starts a new busines , take risks,manage and organize the business. Rather than working with any other business, the person whomake his own business and who assumes all the risks, his/her creativity, ideas which makes thebusiness for to make possibilities for more opportunities. Thisis the business where the personcommand as a business leader and create new ideas for the his/her business processes. Theentrepreneur must be confident on their ideas and his innovation. Small businesses are where theperson starts to make a business with small investments using his own ideas with theircreativity. Here in this report it'll give the details and methods that how the persons start from aless investment then how they succeed in their own business.In this report gives the details aboutfour types of entrepreneurship ventures first is small business entrepreneurship , second isscalable start up entrepreneurship , third is large company entrepreneurship and at the last socialentrepreneurship and two famous business entrepreneurs details that how they are going to besucceed .TASK 1P1: Different Types of entrepreneurship Ventures and How They Relate To the EntrepreneurshipVentures Entrepreneurship ventures have mainly four types 1) Small business entrepreneurship, 2)scalable start-up entrepreneurship, 3) Large company entrepreneurship and 4) Socialentrepreneurship.Small business entrepreneurship are grocery stores, travel agents, internet serviceproviders, carpenters plumbers, consultants, electricians etc. They take a single person personfor doing their work. In small businesses they do not get big profits thereis only one employeeor may be a group of team who provides services and products. Small businesses are everywherewhich provides products and services to the customers.Scalable start-ups are unlike small businesses like silicon valley entrepreneurs and theirinvestors do their work for their venture. They always take best employees in their organization.Their thing is to get long term business for their future. . They attract the investors, venturecapitalists. Scalable entrepreneurship consists of a new start ups and investors that give theguidance for ventures in business (Ács, and Audretsch, 2010).1
Large company have so many resources and sources. These firms takes advice fromadvisors. Large company believes in creativity, innovation, brands, quality and as long asproductivity and give services to the clients as well as new clients.Social entrepreneurs are the investors who try to fulfil the social needs, requirements andsolve the problems but these entrepreneurs always make the world better place and not take anyshare from markets,. Social enterprisers are the workers who solve the social problems (Baum,Frese and Baron, 2014). P2: similarities and differences between social entrepreneurship andlifestyle entrepreneurship Social entrepreneurship is inspired by the help, support for improve the socialenvironment , in economic and an education operations. Social entrepreneur are the people whoanalyze and find social problem and uses the principles for organizing, creating and managingthe venture to update the social change. The person is one who give the new concept to market toknow the requirements and the problem of clients. After searching many forms then it'll applyforms as per the suitable match (5 Qualities of Successful Entrepreneurs. 2017.). It takes a coreconcept by leaders which on some mind set for social to make a positive impact on the society.When a new business is launched its all about thinking the passion in the lifestyleentrepreneurship before gaining the profit which include the interests and a talent with the abilityto earn money from living. Many businesses launch shares to make profit for all theshareholders. In this kind of business, it uses different models to develop and do promotions bygiving advertisement in order to grow their business for very long term. Some peoples also decide to be self employed by starting their business for achievesomething greater that include inflexibility of timings which only depend on that person (Clarkand Brennan, 2012). The social and lifestyle has so many similarities i.e., their markets are samebut the products and things are different from each other. Their innovation, motivation is samebut their risks are different and depend on their own business. The social and lifestyleentrepreneurs both comes with different types of ideas for developing their business andgrowing of their business but their criteria are different from each other.M1: Diverse the range of entrepreneurial ventures to demonstrate an understanding ofentrepreneurship.The entrepreneurial venture is focused on providing advisory services to early and midstage companies. . There are diverse ranges of entrepreneur ventures that are working across UK.2
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