New Business Trends: Entrepreneurship Along with Business Risk

New business trends: Entrepreneurship along with Business Risk 1
NEW BUSINESS TRENDS: ENTREPRENEURSHIP ALONG WITH BUSINESS RISK
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New business trends: Entrepreneurship along with Business Risk 2
Abstract
This literature research paper reflects the underdeveloped nature of business development
services providers along with trends of changing markets from public and private business
development services. The paper concentrates on determining entrepreneurship and risks
involved in the business operations. This examination printed material looks at the investigation
writing to comprehend the current alongside rising patterns concerning the part of
administrations of business improvement suppliers in the execution of miniaturized scale, little,
alongside medium ventures. The primary target of this paperwork is to explore knowledge along
with understanding on the subject matter along with the provision of the theoretical background
and understanding of the survey.
Introduction
It is evident from various surveys that micro, small, along with medium enterprises
account for at least sixty percent of the total jobs around the society. Therefore, such enterprises
pose the fundamental influence on the growth of the economy of different countries. The
availability together with access to business development services providers tend to be vital for
the micro, small and medium enterprises to be able to learn and acquire advanced understanding
in relation to operations, marketing, management, advancement in technology, resourcing, and
innovation. Therefore, it is important that the desk review is made on past investigation that
focuses on the topic of the risk-taking propensity amongst entrepreneur (Petrakis 2014, p. 89).
Besides, the literature reviewed will comprise of some relevant studies that had been done in the
past specifically those that relate to the issue of investigation. Additionally, investigations related
to the general concern of entrepreneurship will also receive effective review to shed additional

New business trends: Entrepreneurship along with Business Risk 3
insight on the matter of study. This investigation commences with the examination of the
concept of entrepreneurship with special references to the process of the entrepreneurial process
along with how entrepreneurs play their function in the process. The examination is then
followed by the examination of risk as well as its usefulness to the global economy.
Objectives of the project
The principal objective of this research paperwork is to examine the entrepreneur risks involved
in operation of different businesses around global society.
Other specific objective include
i. To investigate causes of entrepreneurship risks
ii. To examine how to control cases of risk occurrences in business marketplaces
iii. To investigate risk taking propensity in entrepreneurship
Scope of the research
It targets to examine different entrepreneurship processes that continue to be the same and the
functions. The paperwork aim at examining the nature of entrepreneur that is universal regardless
of business operations. Besides, it concentrates on illustrating how presence of hereditary risks
exists in every process that commences from the ideation, creation of enterprise,
conceptualization, commercialization, together with ending with the development of the
enterprise. Furthermore, it concentrates on illustrating how all business operations around the
world face risk within their activities regardless of its size. The focus of the paper largely focus
on illustrating how business operators have to identify, manage, assess, and monitor the business
opportunities and risks of organizations. It remains to be a wide survey that illustrates how
disappointments in the current business operations are always caused by misjudgments,

New business trends: Entrepreneurship along with Business Risk 4
management of risk, along with changes in corporate requirements of governance. There are also
increasing expectations of stakeholder for entrepreneurs to efficiently manage all risks that occur
within the organization.
Entrepreneurship
Entrepreneurship remains to be the process that is universally linked with the founding of
ventures of business by acquiring or expanding the existing operations of the business.
Entrepreneurs have been considered as bearers for risks along with uncertainties in process of
making choices of business. Entrepreneurship helps in making innovations for advanced goods,
advanced approaches to production, the new marketplace, and new kinds of industrial
organizations. Lawless (2012, p. 1230) concurred those entrepreneurs tend to assumed risk with
the intention to improve operations of the business. Besides, Fourati et al., (2017, p. 1049) was
able to recognize entrepreneur to be the manager or business owner who is not employed
elsewhere in marketplaces. Furthermore, Nitani and Riding (2014, p. 257)described the
entrepreneur to be the manager of any business who has the function of making decisions and
taking different responsibility as the decision maker while taking responsibility for the attained
decisions. Therefore, from the above definitions, many researchers can be capable to conclude of
the micro, small and medium enterprises where they may not be the founder but not only consist
of responsibility in process of attaining decision and but also takes the responsibility together
with risk for the decision reached.
Endeavors of entrepreneurship comprise of the process of gathering of productive
resources in the attempt to start the business operations with the expectation with the expectation
of offering the reasonable income to the entrepreneurship or operators of the small business.